Core Points - Mandalay Resources Corporation shareholders have approved a special resolution for an arrangement with Alkane Resources Limited, allowing Alkane to acquire all issued and outstanding common shares of Mandalay [1][3] - The approval required at least two-thirds of the votes, with 99.85% voting in favor of the arrangement [2] - Alkane's shareholders also approved the issuance of ordinary shares as consideration for Mandalay shareholders [3] Voting Results - Total votes for the approval of the Arrangement Resolution: 73,442,195, representing 99.85% - Votes against the resolution: 109,035, representing 0.15% [2] Next Steps - Mandalay will seek a final order from the Supreme Court of British Columbia to approve the arrangement on August 1, 2025 - The arrangement is expected to be completed around August 5, 2025 [3] Market Impact - Alkane plans to upgrade its U.S. OTC listing from the Pink Limited Market to the OTCQX Market, enhancing visibility and liquidity for U.S.-based investors [4] - The merger is anticipated to create a dual ASX and TSX listed gold and antimony producer, positioned for growth in tier-one jurisdictions [4] Company Overview - Mandalay Resources is a Canadian natural resource company with producing assets in Australia and Sweden, focused on increasing production and reducing costs [5]

[Music] How many people in this room own a cell phone. Okay, I want you to take it out and hold it in your hands. I'll give you a moment to reach into your pocket and find it in your purse, but please take out your cell phone and hold it in your hands.Right now, you're holding a device that connects you to the world. You can send messages to your best friend, capture precious family memories, stream your favorite movies, and use tools that will keep you productive and informed. But what if I told you that t ...

Financial Performance - SSR Mining (SSRM) reported adjusted free cash flow of $39.3 million in Q1 2025, a significant improvement from a $9.4 million outflow in the same quarter last year [1][10] - Operating cash flow increased by 244% year over year to $84.8 million, driven by a 42.4% rise in average realized gold prices and reduced remediation costs related to the Çöpler mine suspension [2][10] - In 2024, SSRM's operating cash flow had decreased to $40.1 million from $421.7 million in 2023, primarily due to a 44.2% drop in gold equivalent ounces sold and increased remediation expenditures [4] Cash and Liquidity - SSRM ended Q1 2025 with $319.6 million in cash and cash equivalents, which included a $100 million upfront payment for the acquisition of the CC&V mine from Newmont [3] - Total liquidity reached $819.6 million, factoring in undrawn revolving credit facilities [3] Production Outlook - SSRM anticipates gold production in 2025 to be between 320,000 and 380,000 ounces, with contributions from the Seabee, Marigold, and CC&V mines [6][10] - The company produced 275,013 ounces of gold in 2024 [6] Market Performance - SSRM shares have increased by 79.3% year to date, outperforming the industry growth of 17.8% [9] - The company is currently trading at a forward 12-month price-to-earnings multiple of 7.02X, compared to the industry average of 15.09X [11] Earnings Estimates - The consensus estimate for SSRM's earnings in 2025 is $1.21 per share, reflecting a year-over-year increase of 332.1% [12] - The earnings estimate for 2026 is projected at $2.21, indicating an 82.85% increase [12]

Key Takeaways Vale S.A. (VALE) is expected to report a decline in its bottom and top lines when it reports second-quarter 2025 results on July 31, after market close. The Zacks Consensus Estimate for Vale's sales is pegged at $8.66 billion, indicating a 12.7% decrease from the year-ago quarter's figure. The consensus mark for earnings has moved down 25% over the past 60 days to 33 cents per share. The figure indicates a 23% year-over-year decline. | | Q1 | Q2 | F1 | F2 | | --- | --- | --- | --- | --- | | Cu ...

Core Insights - Naskapi Nation has acquired a 5% equity stake in Scandium Canada, which is significant as it marks a new partnership model in the mining sector [5] - Scandium Canada is recognized for having the world's only primary scandium source, with recent metallurgical tests achieving a purity of 99.5% and strong recovery rates [5] - The project is expected to reshape scandium supply chains and set new standards for Indigenous partnerships in mining, especially with a 30% increase in resource estimates [5] Company Overview - Scandium Canada Ltd. is listed on the TSX Venture Exchange under the ticker SCD and is focused on developing its scandium deposit in Quebec [5] - The company is positioned to benefit from increasing demand for scandium, which is primarily sourced as a byproduct from other mining operations [5] Industry Context - The scandium market is characterized by limited supply due to its byproduct nature, making Scandium Canada's primary source a unique opportunity [5] - The partnership with Naskapi Nation highlights a growing trend towards Indigenous involvement in resource development, which could influence future mining projects [5]

Under its current NCIB, which entered into effect on August 2, 2024 and which expires on August 1, 2025, Globex is authorized to purchase up to 1,000,000 shares. Under the NCIB, Globex has repurchased a total of 169,200 common shares at a volume weighted average purchase price of $0.8971 per share, through the facilities of the TSX and on alternative trading systems in Canada. All of the repurchased shares were cancelled by Globex. ROUYN-NORANDA, Québec, July 28, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTER ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Homerun Resources Inc. has received a joint support plan from BNDES and FINEP, indicating financial instruments available to support its business plan [1][2] - The support plan is part of a strategic minerals transformation initiative worth USD $815 million, aimed at accelerating high-impact mineral-transformation projects [2] Financial Instruments - The joint support plan includes various financial instruments such as long-term credit lines, equity investments, non-reimbursable funds, and economic subsidies [2] - Specific programs available include: - Climate Fund with a maximum value of R$ 500 million per economic group, offering a term of up to 16 years [3] - Innovation Investments in R&D&I with a maximum value of R$ 300 million per economic group per calendar year [3] - FINEM for Productive Capacity with funding up to 80% of project value, capped at 100% of fundable items [3] Company Developments - The CEO of Homerun Resources expressed satisfaction with the support plan, emphasizing its role in advancing solar glass production and silica processing capabilities [4] - The R$5 billion funding program is part of the New Industry Brazil initiative, focusing on R&D&I and expected to leverage additional private investment [4] - Homerun is positioned to capitalize on high-growth global energy transition markets through its vertically integrated strategy [9] Strategic Initiatives - The company is developing a 120,000 tpy processing plant and building Latin America's first dedicated high-efficiency solar glass manufacturing facility [11] - Partnerships with the U.S. Department of Energy/NREL are underway for developing long-duration energy storage systems utilizing high-purity silica sand [11] - The company maintains a commitment to ESG principles, focusing on sustainable production technologies [10]

Aurania Provides Update on New Mining Service Fee in EcuadorJuly 28, 2025 7:17 AM EDT | Source: Aurania Resources Ltd.Toronto, Ontario--(Newsfile Corp. - July 28, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") provides an update on the Ecuadorian government's recently imposed new Mining Service Fee (Tasa de Fiscalización Minera or TASA) on the resource sector.As previously disclosed in a press release dated June 11, 2025, the resolution put fo ...

Core Viewpoint - Questcorp Mining Inc. has engaged with the National Inflation Association (NIA) for a marketing and investor outreach campaign to enhance investor awareness and market visibility [1][2][3] Group 1: Agreement Details - The NIA Agreement, effective from July 28, 2025, involves a one-time payment of US$30,000 for an initial three-month campaign, with an option for renewal [2] - NIA will utilize its distribution channels, including targeted email lists and website features, to promote Questcorp's growth story and project developments [2] Group 2: Company Strategy - The partnership with NIA is aimed at connecting with a broader investment audience during a critical period for the company as it advances its assets in British Columbia and Mexico [3] - Questcorp Mining Inc. focuses on acquiring and exploring precious and base metal projects in North America, holding interests in the North Island Copper Property and the La Union Project, both of which are high-potential targets for copper, silver, and gold exploration [5]