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FCX INVESTOR ALERT: Freeport McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - RGRD Law
Globenewswire· 2025-11-21 12:35
Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims related to safety issues at its Grasberg mine in Indonesia and subsequent operational impacts [1][3][4]. Group 1: Lawsuit Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc. and covers purchasers of Freeport-McMoRan securities from February 15, 2022, to September 24, 2025 [1]. - The lawsuit alleges that Freeport-McMoRan failed to ensure adequate safety at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [4]. - Following a tragic incident on September 24, 2025, where two team members were fatally injured, the company disclosed that production could be approximately 35% lower than pre-incident estimates for 2026, causing a nearly 17% decline in stock price [5]. Group 2: Regulatory and Reputational Risks - The lawsuit highlights that the lack of safety measures at the Grasberg mine constituted undisclosed regulatory, litigation, and reputational risks [3]. - An article published by Bloomberg on September 25, 2025, indicated that the halt in production at the Grasberg mine could strain relations with the Indonesian government, further impacting the company's stock, which fell more than 6% following the news [6]. Group 3: Legal Process and Representation - Investors who purchased Freeport-McMoRan securities during the class period can seek appointment as lead plaintiff in the lawsuit, which allows them to represent the interests of the class [7]. - Robbins Geller Rudman & Dowd LLP, a leading law firm in securities fraud litigation, is representing the investors in this case [8].
FCX INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Freeport McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2025-11-20 14:25
Core Viewpoint - The Freeport-McMoRan Inc. class action lawsuit alleges violations of the Securities Exchange Act of 1934, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices [1][4]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek lead plaintiff status by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The lawsuit claims that Freeport-McMoRan and its executives made misleading statements regarding safety at the Grasberg Block Cave mine [4]. Group 2: Allegations and Incidents - Allegations include inadequate safety measures at the Grasberg mine, which heightened risks for workers and led to regulatory and reputational risks [4]. - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [5]. - Following a tragic incident on September 24, 2025, where two team members were fatally injured, the stock price fell nearly 17% [6]. - A Bloomberg article on September 25, 2025, highlighted potential strains in Freeport-McMoRan's relationship with the Indonesian government, causing an additional stock price drop of over 6% [7]. Group 3: Company Operations - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Papua, Indonesia, where the Indonesian government holds a commercial interest [3]. - The company has temporarily suspended mining operations in the Grasberg minerals district since September 8, 2025, to prioritize safety [6].
CleanTech Through Acquisition Doubles Its Illinois Mineral Rights Holdings, Surrounding Hicks Dome Rare-Earth Deposit Within Prominent Fluorspar District
Newsfile· 2025-11-18 14:59
Core Viewpoint - CleanTech Vanadium Mining Corp. has acquired a significant package of mineral rights in Illinois, nearly doubling its holdings in the Illinois-Kentucky Fluorspar District, which is crucial for the U.S. economy's mineral independence [2][3][4]. Group 1: Acquisition Details - The company acquired 37 mineral rights parcels totaling 1,605 acres for a purchase price of US$68,700 [2][3]. - This acquisition increases CleanTech's total mineral rights holdings in Illinois to 2,846 acres, contributing to a total of over 17,550 acres across the Illinois-Kentucky Fluorspar District [3][4]. Group 2: Strategic Importance - The Illinois-Kentucky Fluorspar District has a rich history of fluorspar production, accounting for approximately 90% of U.S. fluorspar production from 1914 to 1995, with around 9 million tons produced [4]. - Fluorspar is identified as a critical mineral essential for nuclear enrichment, lithium batteries, and semiconductor manufacturing, highlighting the strategic importance of CleanTech's projects for U.S. mineral independence [6]. Group 3: Exploration Potential - The proximity of the acquired properties to the Hicks Dome deposit raises the potential for discovering rare earth elements and other trace elements, which are vital for various applications, including military [7]. - The acquisition also extends the historic Barnett mine area, known for its productive operations, enhancing CleanTech's exploration opportunities [8].
Magna Mining Reports Mineral Resource Estimate for the Levack Mine in Sudbury, Ontario
Newsfile· 2025-11-18 11:45
Core Insights - Magna Mining Inc. has announced a significant Mineral Resource Estimate (MRE) for the Levack Mine, confirming substantial mineralization that can be accessed using existing infrastructure [1][2][4] - The MRE includes over 5.9 million tonnes of contact-type mineralization in the Indicated category and 178,000 tonnes of high-grade mineralization at the Morrison Footwall Cu-PGE deposit [2][4] - The company plans to use the MRE to complete a Preliminary Economic Assessment (PEA) aimed at restarting production and exploring further mineralization [2][6] Mineral Resource Estimate Highlights - The Levack Mine MRE includes 6.1 million tonnes in the Indicated category at 3.5% copper equivalent (CuEq) and 5.2 million tonnes in the Inferred category at 3.6% CuEq [4][9] - High-grade footwall-type deposits contain 368,000 tonnes in the Inferred category at 9.4% CuEq, with the Morrison Footwall Cu-PGE deposit grading 15.5% CuEq [4][10] - The No. 3 Footwall deposit is noted for its rich precious metals content, with significant potential for ongoing exploration [4][10] Future Plans and Developments - The company is preparing to award a contract for the PEA, which will evaluate the potential for accessing shallow deposits and restarting production from the Morrison Footwall Cu-PGE deposit [2][6] - A contractor has been engaged to develop the scope of work for re-establishing hoisting capabilities, with work expected to begin in early 2026 [2][6] - The Levack Mine is positioned as the flagship project for the company, with exploration efforts focused on new copper-precious metals deposits in the footwall environment [5][6]
CleanTech Expands Royalty Agreement With Oracle Commodity Holding to Include Newly Acquired Illinois Fluorspar Properties
Newsfile· 2025-11-17 13:50
Core Viewpoint - CleanTech Vanadium Mining Corp. has expanded its royalty agreement with Oracle Commodity Holding to include newly acquired fluorspar properties in Illinois, enhancing its mineral rights portfolio and potential revenue streams [1][2]. Group 1: Royalty Agreement Details - The Third Amending Agreement includes 37 mineral-rights parcels totaling 1,605 acres in Pope and Hardin Counties, Illinois [2]. - Oracle Commodity Holding is entitled to a 2% net smelter return royalty on minerals produced and sold from the properties, with a minimum of US$6 per tonne of minerals sold [3]. - Oracle Commodity Holding will pay USF 20% of US$68,700 to acquire the royalty on the new Illinois fluorspar properties [5]. Group 2: Financial Considerations - Oracle Commodity Holding will make non-refundable cash payments equal to 20% of the cash consideration that USF has paid or will pay to vendors for acquiring the properties, contingent upon actual cash payments made by USF [4]. Group 3: Company Background - CleanTech is focused on critical mineral resources in the USA, controlling over 17,550 acres of mineral rights with historic fluorspar resources in the Illinois-Kentucky Fluorspar District [7].
FCX INVESTOR ALERT: Freeport-McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead the Freeport-McMoRan Class Action Lawsuit
Prnewswire· 2025-11-14 23:09
Core Viewpoint - The Freeport-McMoRan Inc. class action lawsuit alleges violations of the Securities Exchange Act of 1934 by the company and its executives, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices [1][4][5]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek lead plaintiff status by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to increased risks for workers [4]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [5]. - Following the incident, on September 24, 2025, it was revealed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a nearly 17% decline in stock price [6]. - An article published on September 25, 2025, indicated that the halt in production could strain relations with the Indonesian government, leading to an additional stock price drop of over 6% [7]. Group 3: Company Operations - Freeport-McMoRan is involved in mining operations across North America, South America, and Indonesia, with the Grasberg mine being a significant asset [3].
Horizon to sell Lake Johnston project to Forrestania Resources
Yahoo Finance· 2025-11-14 14:36
Core Viewpoint - Horizon Minerals has entered into a binding heads of agreement to sell its Lake Johnston project to Forrestania Resources for a total consideration of A$22.93 million, structured as A$30 million in cash and A$5 million in shares [1][3]. Group 1: Transaction Details - The transaction includes a non-refundable A$2 million cash payment upon execution of the heads of agreement, followed by A$14 million in cash upon the execution of the full agreement [3][4]. - An additional A$14 million in cash will be paid upon completion, along with the issuance of A$5 million in fully paid ordinary shares in Forrestania [4]. - Completion of the transaction is subject to various conditions, including regulatory approvals and third-party consents [4]. Group 2: Strategic Implications - The divestment is aimed at strengthening Horizon's balance sheet and providing cash to advance the Black Swan processing facility and surrounding gold projects [3][5]. - Horizon plans to use the proceeds from the sale to fund long-lead items for the refurbishment of the Black Swan processing plant and explore potential mergers and acquisitions [5]. - The pre-feasibility study for the Black Swan processing facility is progressing on schedule, supported by the recent acquisition of the Gordons Dam Project [5]. Group 3: Timeline and Future Steps - Both parties aim to finalize and execute a full asset sale and purchase agreement within 30 days of the heads of agreement, with an option to extend if necessary [6]. - The transaction is expected to be completed by the end of January 2026 [6].
Sunrise Energy Metals (OTCPK:SREM.F) 2025 Earnings Call Presentation
2025-11-12 23:00
For personal use only CEO Presentation Annual General Meeting 13 November 2025 ASX: SRL OTC: SREMF Disclaimer Important Information To the maximum extent permitted by law, Sunrise is not responsible for updating, nor undertakes to update, this Presentation. It should be read in conjunction with Sunrise's other periodic and continuous disclosure announcements lodged with the ASX, which are available at www.asx.com.au or https://sunriseem.com/investor-centre/asx-announcements/ Not an offer Neither this Presen ...
Amaroq confirms high-grade critical minerals at Black Angel mine
Yahoo Finance· 2025-11-11 14:19
Core Insights - Amaroq's re-assay results from the Black Angel mine confirm high-grade mineralization of zinc, lead, and silver, along with critical minerals like germanium, gallium, and cadmium [1][2][4] Mineral Grades - The average grades from the Black Angel deposit are reported as 24.6% zinc, 28.1% lead, and 295 grams per tonne of silver [2] - Commercial levels of germanium at 44 parts per million, gallium at 21 parts per million, and cadmium at 1,328 parts per million were identified [2] Future Projections - Future zinc concentrates from the Black Angel mine may achieve commercial concentrate grades of approximately 102 parts per million germanium, 48.5 parts per million gallium, and 3,040 parts per million cadmium based on preliminary mass-balance assumptions [3] Strategic Importance - The presence of critical metals like germanium and gallium, which are essential for AI, defense, renewable energy, and advanced technology applications, highlights the strategic importance of Amaroq's portfolio to Western supply chains [6] - The company has completed all conditions precedent for the acquisition of the Black Angel mine, reinforcing its development strategy in Greenland [6] Acquisition Plans - Amaroq expects to receive final approval from the Government of Greenland for the acquisition of the Kangerluarsuk licenses in the fourth quarter of 2025, enhancing its development project pipeline [7]
First Phosphate Welcomes the Addition of Phosphate to the Critical Minerals List of the United States
Newsfile· 2025-11-10 12:11
Core Viewpoint - First Phosphate Corp. welcomes the inclusion of phosphate in the U.S. Final 2025 List of Critical Minerals, highlighting its significance for defense and energy sectors, particularly in relation to lithium iron phosphate (LFP) batteries [1][3][4]. Group 1: Company Overview - First Phosphate is a mineral development and cleantech company focused on establishing a vertically integrated mine-to-market supply chain for LFP batteries in North America [9]. - The company's flagship Bégin-Lamarche Property in Quebec is noted for being one of North America's rare igneous phosphate resources, producing high-purity phosphate suitable for LFP battery cathode materials [5][9]. Group 2: Industry Implications - The U.S. joins Canada, South Korea, the European Union, and specific Canadian provinces in recognizing phosphate as a critical mineral, indicating a growing global emphasis on phosphate's importance [2]. - The decision to classify phosphate as a critical mineral was influenced by recommendations from various U.S. departments, underscoring its strategic value [3]. Group 3: Recent Developments - First Phosphate has successfully produced commercial-grade LFP 18650 battery cells using North American critical minerals, demonstrating the practical application of its phosphate resources [6]. - The company received a "Met" rating from the Defense Industrial Base Consortium for its white paper on securing North American phosphate supply for LFP cathode materials, reinforcing its commitment to national security and energy storage solutions [4][5].