(Bloomberg) — Copper (HG=F) edged towards $12,000 a ton, nearing a new all-time high as supply setbacks and tariff-related trade dislocations fuel a powerful, months-long rally. The metal seen as a bellwether for the global industrial economy traded 0.4% higher on the London Metal Exchange, nearing an all-time high of $11,996 a ton struck on Monday. Prices are up by about 37% this year, on course for the biggest annual gain since 2009. Most Read from Bloomberg Sentiment on copper has benefited from a ...

Core Viewpoint - Boab Metals has exercised its option to acquire 100% interest in the Sorby Hills project, gaining complete control of a significant silver-lead operation in Western Australia [1][6] Group 1: Acquisition Details - Boab currently owns a 75% stake in the Sorby Hills project and will acquire the remaining 25% from Henan Yuguang (Australia) for A$12.5 million (approximately $8.26 million) [1][5] - The transaction is expected to close in January 2026, and all funds required for the acquisition have been secured without the need for additional funding [6] Group 2: Project Specifications - Post-acquisition, Boab will have rights to sell over 100% of the planned 897 kilo tonnes (kt) of concentrate, which is projected to contain about 18.6 million ounces (moz) of silver and 575 kt of lead [2] - Sorby Hills is recognized as the largest undeveloped, near-surface lead-silver deposit in Australia, with mining leases and Environmental Protection Agency (EPA) approval already secured [3] Group 3: Financial and Operational Outlook - Boab has made a final investment decision (FID) on the project, aiming to commence initial production in the second half of 2027 [3] - The company anticipates increased operating margins driven by a silver price that is over 100% higher than previously assumed in their feasibility study [5] - In addition to the A$12.5 million completion payment, Boab will make deferred payments of A$5.5 million at 12 months and A$5 million at 18 months after the start of concentrate production [5] Group 4: Management Commentary - Boab's managing director and CEO, Simon Noon, acknowledged the valuable support from Yuguang over the past seven years, which has been crucial in progressing the project to the point of making a final investment decision [4]

Core Viewpoint - The company has reached a significant milestone in its exploration journey this year [1] Group 1 - The open letter is addressed to stakeholders, highlighting the importance of the current year for the company [1] - The CEO and Director, Mathew Wilson, expresses gratitude towards stakeholders for their support [1]

Core Viewpoint - Talon Metals has entered into a definitive share purchase agreement with Lundin Mining to acquire 100% of Lundin Mining US, which owns the Eagle Mine and Humboldt Mill, valued at approximately $83.7 million [1][2] Group 1: Transaction Details - Lundin Mining will receive 275.2 million Talon shares, representing 18.4% of Talon's issued and outstanding shares upon completion of the deal [1] - Upon closing, Lundin Mining's total holding in Talon will increase to 19.99% of Talon's issued and outstanding common shares on a non-diluted basis [2] - The transaction will merge Lundin Mining's Eagle Mine and Humboldt Mill with Talon's stake in the Tamarack nickel-copper-cobalt project [2] Group 2: Exploration and Facilities - The deal includes Talon's prospective exploration land package of over 400,000 acres in Michigan, covering the Boulderdash nickel/copper discovery located eight miles from the Eagle Mine [3] - Talon's planned Beulah minerals processing facility in North Dakota will also be included in the combined arrangement [3] Group 3: Management and Governance - The transaction will result in a newly formed Talon board consisting of ten directors, with Lundin Mining nominating its president and CEO Jack Lundin, and Juan Andrés Morel [3] Group 4: Strategic Benefits - The combination of Talon and Eagle will create a pure-play US nickel company anchored by the Eagle Mine, the only primary nickel mine currently operating in the US, unlocking meaningful synergies [4] - The Humboldt Mill will serve as a shared, centralized processing facility [4] Group 5: Financial Arrangements - Lundin Mining will account for its interest in Talon using the equity method and will sign a production payment agreement covering ore processed at the Humboldt Mill that does not come from the Eagle Mine [5] - Under this agreement, Lundin Mining US will pay Lundin Mining $1 per tonne of non-Eagle ore processed at the Humboldt Mill, up to a cumulative maximum of $20 million [6] Group 6: Shareholder Rights and Lock-up Agreement - An investor rights agreement will be executed, granting Lundin Mining certain rights regarding director nominations, anti-dilution, and participation in future Talon equity financings [6] - Lundin Mining will also sign a lock-up agreement limiting its ability to acquire, sell, or dispose of Talon shares for a period of up to 24 months, with certain standard exceptions [7]

Core Viewpoint - Equity Metals Corporation has successfully closed a non-brokered flow-through private placement, raising $4.6 million through the issuance of 20 million flow-through units at a price of $0.23 each [1][2]. Group 1: Financial Details - The offering consists of flow-through common shares and warrants, with each unit comprising one flow-through common share and one-half of a non-flow-through share purchase warrant. Each whole warrant allows the purchase of one non-flow-through common share at $0.40 for three years [1]. - The company incurred finders' fees totaling $79,264 and issued 495,400 non-transferable finder warrants, also exercisable at $0.40 for three years [3]. Group 2: Use of Proceeds - Proceeds from the FT Units will be allocated for exploration and resource expansion at the Silver Queen Au-Ag-Zn vein project, as well as for surface work and drilling on the Au-Ag Arlington property [2]. Group 3: Property and Project Details - The company has completed the final option payment for the Arlington property, earning a 100% interest, while the vendor retains a 2% net smelter return royalty, with an option for the company to purchase 1% for $1 million [5]. - The Silver Queen Project is a significant gold-silver property with over 100 years of exploration history, featuring extensive mining infrastructure and a maintained tailings facility [6]. - The Silver Queen Property encompasses 45 mineral claims and covers an area of 18,852 hectares, with mineralization found in a series of epithermal veins across a 6 sq km area [7][8]. - The company holds a 100% interest in the Silver Queen project, which is strategically located along the Skeena Arch in British Columbia, and also has a controlling interest in the Monument Diamond project [9].

The FED’s week hasn’t brought any surprises to the market. The Federal Reserve was expected to move the interest rate down by one-quarter of a point, with three members voting against the decision, out of 10. Jerome Powell, the existing FED’s governor, had confirmed another rate cut in 2026, after which, the FED would probably take a break, as the employment situation looks stable, and the next focus in the dual-mandate of the FED would be to focus on inflation. However, traders are already starting to d ...

Core Viewpoint - QcX Gold Corp has announced the acquisition of the Olsen Project, expanding its land position in the Batchawana Greenstone Belt, which is adjacent to Sterling Metals Corp.'s Soo Copper Project, enhancing its potential in a promising copper-gold district [1][2]. Acquisition Details - The acquisition involves 100% ownership of the Olsen Project, a 3,715-hectare land package [1]. - The total land position of QcX in the Batchawana Project now includes 30 multi-cell claims and 39 single-cell claims, forming a contiguous area with over 6.6 kilometers of common boundary with Sterling's discovery [2]. - The financial terms include an aggregate cash payment of $28,000 upon regulatory approval, followed by $36,000 and $50,000 in subsequent years, and the issuance of 500,000 common shares initially, with an additional 300,000 shares by the second anniversary [9][10]. Geological and Strategic Highlights - The Olsen Project is situated within the Precambrian Batchawana Greenstone Belt, known for large copper systems [6]. - Historical work on the Olsen claims has identified five mineral occurrences, with significant past drilling results including a surface grab sample of 1.98 g/t Au and 0.03% Cu over 1.18 m [3][6]. - The geological setting shows continuity with Sterling's discovery, providing immediate exploration opportunities based on historical soil geochemical anomalies and untested geophysical conductors [6][7]. Upcoming Exploration Plans - QcX plans to initiate a target generation and delineation program, followed by prospecting and mapping across the combined Batchawana Project [5]. - The exploration will focus on porphyry-style targets and structural trends, leveraging recent high-resolution magnetic surveys [7]. Company Overview - QcX Gold is focused on exploring for gold and VMS-style mineralization in Ontario and Québec, with properties strategically located near significant discoveries [14][15]. - The Batchawana Project, now including the Olsen claims, is positioned in a historically productive area for copper, gold, molybdenum, and silver, which remains underexplored with modern techniques [15].

Core Viewpoint - Sparton Resources Inc. has successfully completed a non-brokered private placement offering, raising a total of C$410,000 from both tranches, with the final tranche closing on December 12, 2025 [1] Group 1: Private Placement Details - The second closing involved the issuance of 5,285,715 National Flow-Through Share (NFTS) Units at C$0.035 per unit, generating proceeds of C$185,000 [2] - Each NFTS Unit consists of one common share and one-half of a non-flow-through Share Purchase Warrant (SPW), totaling 2,642,858 full SPWs, which allow the purchase of one common share at C$0.08 within 12 months [2] - Additionally, 500,000 non-flow-through share units (SU) were issued at C$0.03 per unit, each including one common share and one-half warrant, with a full warrant allowing the purchase of one common share at C$0.05 for up to 2 years [3] Group 2: Use of Proceeds - Gross proceeds from the NFTS issuance will be allocated exclusively for resource exploration expenses qualifying as "Canadian exploration expenses" and "flow-through mining expenditures" under the Income Tax Act [4] - The expenditures will be renounced to NFTS purchasers with an effective date no later than December 31, 2025, in an amount equal to or greater than the gross proceeds raised [4] - Proceeds will support exploration activities for the Company's Critical Metals projects in Ontario, particularly focusing on the Pense polymetallic metals project, which has identified mineralization of zinc, copper, and nickel [8] Group 3: Corporate Updates - The Company has awarded and approved the issuance of 4,200,000 incentive options to Directors, Officers, and Consultants, which vest immediately and allow the purchase of common shares at C$0.03 per share, valid for three years [9] - Drilling activities are ongoing on the Quebec Pense Project claims, with a new Expert Geophysics Target EM survey completed in previously unexamined areas [10]

Group 1: Dual-Drilling Strategy - Aftermath Silver Ltd has initiated a dual-drilling strategy at its Berenguela project in Peru and the Challacollo project in Chile, with a drilling program of 4,000 to 6,000 metres at Berenguela [1][2] - The drilling at Berenguela includes engineering-focused drilling to assess initial mining areas and exploration drilling on the eastern side, where previous results indicated high-grade copper [1][3] Group 2: Market Context and Metal Prices - The demand for copper is increasing, driven by the current market trends, with the company highlighting the importance of exploring areas believed to be enriched in copper [3] - Silver prices are currently around $64 per ounce, which is contributing to rising valuations of silver projects, prompting the company to seek additional high-grade silver [4] Group 3: Challacollo Project - The Challacollo project has been held for about five to six years, and the company is now ready to commence drilling to explore potential resource expansion [5] - The drilling will focus on the Lolón vein and its extensions, along with exploration drilling away from the main veins [6] Group 4: Industry Challenges - There is a high demand for drill rigs in Chile, impacting the availability of equipment necessary for the company's drilling projects [7] - The company anticipates assay results in the first quarter of 2026, although lab backlogs may affect turnaround times [8]

TORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Galway Metals Inc. (TSXV: GWM) (“Galway” or the “Corporation”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) consisting of 855,370 units of the Corporation (“Units”) at a price of $0.54 per Unit for aggregate gross proceeds to the Corporation of $461,899.80. Each Unit consists of one common share of the Corporation, and one half of one transferable common share purchase warrant (a “Warran ...