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Class Action Filed Against Freeport-McMoRan Inc. (FCX) Seeking Recovery for Investors – Contact Levi & Korsinsky
Globenewswire· 2025-12-01 21:14
Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud that affected 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 constituted undisclosed risks of regulatory, litigation, and reputational damage [2]. - As a result, statements made by the defendants regarding Freeport-McMoRan's business, operations, and prospects were 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 has extensive expertise in complex securities litigation [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
BHP Americas head sees Jansen ‘learnings’ key to limiting costs
MINING.COM· 2025-12-01 21:00
An aerial view of the Jansen project. Credit: BHP. BHP (NYSE, LSE, ASX: BHP) wants to use lessons from its maiden foray into potash production to ensure that a subsequent expansion of the facility is completed at or under budget.The world’s biggest miner in July disclosed a $1.7 billion cost overrun in the development of its Jansen potash mine in Saskatchewan as it pushed first production back by six months to mid-2027. The project’s first stage – known as Jansen 1 – is now expected to cost as much as $7.4 ...
FCX SHAREHOLDERS: Freeport-McMoRan Inc. Investors with Losses may have been Misled by the Company and are Urged to Contact BFA Law by January 12
Newsfile· 2025-12-01 20:18
FCX SHAREHOLDERS: Freeport-McMoRan Inc. Investors with Losses may have been Misled by the Company and are Urged to Contact BFA Law by January 12December 01, 2025 3:18 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 1, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company's senior executives for securities fraud after significan ...
Here’s how the BHP (ASX:BHP) share price performed in November
Rask Media· 2025-12-01 20:07
The BHP Group Ltd (ASX: BHP) share price drifted lower during November amid a difficult month for the ASX 200 (ASX: XJO).Over the month of November 2025, BHP shares declined by 4.1% and the ASX 200 dropped by 3%.It’s common for the largest businesses to somewhat track the movement of the overall market month to month, with company announcements helping (or holding back) the individual company’s share price.While the BHP share price is normally impacted by resource price changes, last month there were a coup ...
X @Bloomberg
Bloomberg· 2025-12-01 18:58
Barrick Mining’s proposal to hive off its US assets from its sprawling portfolio in riskier countries will pique the interest of rival miners, according to analysts. https://t.co/twf6W5Vf7A ...
Savers pile into cash Isas before Budget tax raid
Yahoo Finance· 2025-12-01 18:37
Group 1: Stock Market Performance - UK and US stocks have started December with declines, with the FTSE 100 down 0.2% and the Dow Jones Industrial Average falling 0.5% to 47,457.90 [3][28] - The Nasdaq Composite dropped 0.8% to 23,186.74, reflecting investor caution amid a sell-off in cryptocurrencies [28][40] - The overall market sentiment is influenced by speculation regarding interest rate cuts by the Federal Reserve [40][41] Group 2: Economic Developments - The chairman of the Office for Budget Responsibility (OBR) resigned following a report labeling a Budget leak as the "worst failure" in its history [13][14] - The UK manufacturing sector has shown growth for the first time in 14 months, with the S&P Global UK Manufacturing PMI rising to 50.2 in November [54][55] - Mortgage approvals fell by 600 to 65,000 in October, attributed to concerns over potential tax rises in the Budget [61] Group 3: Corporate Actions and Plans - BP is reportedly shelving plans for a major hydrogen project in Teesside, impacting net zero plans [2] - Zipcar has proposed to close its UK operations by the end of the year, pending employee consultations [19] - Harbour Energy announced plans to cut 100 jobs in the North Sea due to the Chancellor's refusal to adjust the windfall tax [35] Group 4: Cryptocurrency Market - The cryptocurrency market has seen significant declines, with Bitcoin dropping over 7% to $84,966 and Ether plunging 29% [2][40] - The overall market sentiment remains cautious, with traders noting a lack of inflows into Bitcoin exchange-traded funds [78] Group 5: Energy Sector - Diesel prices for UK drivers could rise if military action is taken in Venezuela, which is crucial for heavy sour crude oil used in diesel production [9][11] - Oil prices have been affected by OPEC+'s decision to maintain production levels, with Brent crude rising by 1.9% to over $63 per barrel [80][84]
MAX Power (CSE: MAXX) (OTC: MAXXF) Accelerates CEO Transition as Lawson Enters Next Phase of Natural Hydrogen Testing
Investorideas.com· 2025-12-01 16:33
Core Insights - MAX Power Mining Corp. has accelerated the transition of its CEO, with Ranjith Narayanasamy officially taking over as CEO effective December 1, 2025, to lead the company through a pivotal phase in Natural Hydrogen testing [3][24] - The company is advancing its first deep well specifically targeting Natural Hydrogen at Lawson, which has reached a total depth of 2,278 meters and is set to undergo targeted zone testing [4][23] - MAX Power is also progressing with a fully funded second well at Bracken, part of a broader multi-well program across a significant land package of 1.3 million acres for Natural Hydrogen exploration [5][23] Leadership Transition - Ranjith Narayanasamy's early appointment as CEO is seen as crucial for the company's transition from initial well testing to a coordinated multi-well Natural Hydrogen program [7][24] - Former CEO Mansoor Jan has been appointed CEO of MAX Power's U.S. subsidiary, Homeland Critical Minerals Corp., focusing on a lithium clay deposit in Arizona [6][24] Natural Hydrogen Exploration - The Lawson well is currently in the Analytic Phase, with plans to execute the Completion Test Phase, including gas and fluid sample collection for analysis [12][23] - A 2D seismic survey at Bracken is expected to be completed within two weeks, with drilling of the second well planned for January 2026 [14][23] Technological Advancements - MAX Power is working on advancing its MAXX LEMI database to an AI-assisted platform to enhance data handling and target ranking for Natural Hydrogen exploration [15][23] - The company is evaluating options for monetizing MAXX LEMI as a strategic asset in the growing Natural Hydrogen sector [16][23] Strategic Partnerships and Financing - MAX Power is advancing a strategic financing partnership with a leading Vietnamese conglomerate, which includes a $5 million investment at a price of $0.30 per unit [27][23] - The company aims to deepen collaborations with universities and government agencies to support Saskatchewan's development as a hub for Natural Hydrogen research [20][23] Future Outlook - The transition in leadership and ongoing projects position MAX Power to capitalize on emerging opportunities in the Natural Hydrogen sector, with a focus on commercial pathways and strategic critical minerals in the U.S. [24][23] - The company is committed to enhancing Indigenous relations and procurement policies as part of its broader corporate responsibility initiatives [22][23]
If You'd Invested $100 in MP Materials 5 Years Ago, Here's How Much You'd Have Today
Yahoo Finance· 2025-12-01 15:23
Core Insights - MP Materials (NYSE: MP) is a California-based rare earth miner that has seen its stock price increase significantly this year, with a peak growth of over 500% before stabilizing around a 250% gain, which is notable for a non-profitable mining company [1][2] Stock Performance - Over the past five years, MP's share price has shown a decent trajectory, starting at approximately $21 and reaching around $60 today, resulting in a 186% gain for an initial investment of $100 [3] - In comparison, a $100 investment in an S&P 500 ETF would have grown about 87% over the same period, resulting in approximately $187 [3] Market Context - Prior to 2025, MP's stock was trending downward, but the escalation of trade tensions between China and the U.S. has increased the strategic significance of MP Materials as one of the few scaled rare earth miners in the U.S. [4] - This unique value proposition has contributed to the stock's remarkable rise this year, raising questions about its future potential and whether it can meet investor expectations, including those from the Pentagon [5] Company Operations - MP Materials operates the Mountain Pass mine in California, which is one of the only scaled rare earth mines in the U.S. [7]
Arizona Gold & Silver names mining veteran Terry Salman as advisor
Proactiveinvestors NA· 2025-12-01 15:16
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]
Southern Silver Intersects 10.5 metres averaging 1,115g/t AgEq at Cerro Las Minitas Project in Durango, México
Newsfile· 2025-12-01 14:30
Core Insights - Southern Silver Exploration Corp. has reported significant initial drilling results from the newly acquired Puro Corazon claim, indicating high-grade silver mineralization [1][5][6] Drilling Results - The initial assays from drill hole 25CLM-203 revealed bonanza-grade silver mineralization, with highlights including a 10.5 metre interval averaging 560g/t Ag and a 3.4 metre interval averaging 1,067g/t Ag [6][7] - Additional mineralized zones were identified deeper in the same drill hole, with assays pending for these intervals [3][4] - The company has completed approximately 40% of its planned drilling program, with a total of 4,000 metres drilled out of a proposed 12,000 metres [6][9] Future Plans - The company plans to incorporate the results from the Puro Corazon drilling program into the larger Cerro Las Minitas project to enhance project economics [9][10] - An underground sampling program has been initiated in the historic Puro Corazon workings, with plans for up to 2,000 individual channel samples [8] - Final assays from the current drilling program are expected by the end of Q1 2026, with significant news flow anticipated [6][9] Economic Context - The Cerro Las Minitas project is positioned as a large-scale underground mining operation with robust project economics in a mining-friendly jurisdiction in southeast Durango, Mexico [10][16]