Core Viewpoint - Golden Minerals completed the sale of its wholly owned Mexican subsidiaries for approximately $65,000, which included various liabilities and a mining concession [1] Group 1: Transaction Details - The sale involved the subsidiaries Servicios Velardena and GMC Equipos, finalized on December 30 [1] - The total consideration for the transaction was approximately $65,000 [1] Group 2: Financial Implications - Upon completion, the subsidiaries held net operating losses and inflation-adjusted capital contributions [1] - Liabilities included approximately $60,000 in past-due accounts payable and a labor claim in Mexico of about $56,000 [1] - The Rodeo mining concession, a mined-out project, had an associated asset retirement obligation with a book liability value of approximately $450,000 [1] Group 3: Legal and Regulatory Aspects - Under Mexican law, the balance of the subsidiaries' capital contribution accounts can be bought and sold [1] - All funds related to the sale have been received [1]

Core Viewpoint - As 2026 approaches, there is expected to be a significant change in the perception of Compañía de Minas Buenaventura (BVN), which has historically been regarded as a complex conglomerate [1] Company Analysis - Compañía de Minas Buenaventura is likely to be re-evaluated in terms of its business model and market positioning as investors seek clarity on its operations and financial health [1]

Core Points - Alphamin Resources Corp. reported a tragic incident involving a fatal injury to an employee at its Mpama South underground mine in the Democratic Republic of the Congo [1][2] - The incident occurred on December 24 during the connection of blasting wires, leading to an unexpected detonation [2] - The company emphasizes the safety and wellbeing of its employees as a top priority and expresses condolences to the affected family and colleagues [2] Investigation and Response - Relevant authorities have been notified, and Alphamin Bisie Mining S.A. will conduct a thorough investigation to determine the cause of the incident [3] - Mining activities were temporarily suspended but have since resumed following a visit from local authorities [3]

Group 1 - The core viewpoint is that Hudbay Minerals (HBM) has significant growth potential and is actively working to reduce its debt, which has led to stock performance exceeding expectations [1] Group 2 - The analyst has a background in foreign policy research and investment analysis, with a focus on identifying undervalued companies that can return value to investors [2] - The analyst has no current positions in the mentioned companies but may consider initiating a long position in HBM within the next 72 hours [3]

Core Insights - United States Antimony Corporation (UAMY) operates in the mining sector for antimony, a critical mineral with significant geopolitical implications [1] Group 1: Company Overview - UAMY is positioned uniquely within the mining industry due to its focus on antimony, which is considered a niche mineral but essential for modern applications [1]

Core Insights - Over 60% of global demand for critical minerals is satisfied through international trade, which has increased supply but also heightened vulnerability to geopolitical tensions and supply chain disruptions [1][3] Demand Growth and Risks - The global demand for five key energy-transition minerals (copper, nickel, cobalt, lithium, and rare earths) is projected to rise from 28 million tons in 2021 to nearly 41 million tons by 2040, intensifying existing supply chain pressures [4] - The structural risk of dependence on trade is significant, as minor disruptions can have widespread effects on the global market [3] Mineral Significance and Growth - Copper is the most critical mineral due to rising electrification and grid expansion, while nickel and lithium are experiencing the fastest growth driven by electric vehicles and battery manufacturing [5][6] - Rare earth elements and cobalt are essential for motors, electronics, and advanced manufacturing, showing steady demand increases [5] Geographic Concentration Challenges - Geographic concentration of mineral production poses risks, with Indonesia supplying over 50% of global nickel, the Democratic Republic of the Congo producing around 70% of cobalt, and China controlling over 90% of rare earth refining capacity [7] - This concentration leaves dependent nations vulnerable to policy changes from a limited number of jurisdictions [7] Government Responses - Governments are rapidly implementing policies to address these challenges, with the number of critical policies nearly doubling since 2020 compared to the previous two decades [8] - These measures include strategic planning, domestic processing mandates, export controls, and incentives for exploration, recycling, and refining [8] U.S. Policy Initiatives - The U.S. government is actively seeking deals to ensure direct access to critical minerals and reduce reliance on foreign supply chains [9][10] - The White House aims to control its own supply chain destiny regarding critical minerals, emphasizing the importance of self-sufficiency [10]

Core Viewpoint - Critical One Energy Inc. has successfully closed a non-brokered private placement offering, raising gross proceeds of CDN$1,430,000 through the issuance of 1,430,000 flow-through common shares at a price of CDN$1.00 per share [1][2]. Group 1: Offering Details - The private placement offering was an upsized version of a previously announced offering, which had gross proceeds of up to CDN$1,250,000 [2]. - The Company paid CDN$75,000 in finder's fees and issued 75,000 common share purchase warrants, each exercisable at CDN$1.50 for a period of eighteen months [3]. - An additional private placement is planned to close by December 24, 2025, aiming for gross proceeds of up to CDN$300,000 through the issuance of up to 300,000 FT Shares at the same price of CDN$1.00 per share [5]. Group 2: Use of Proceeds - The gross proceeds from the sale of FT Shares will be utilized for exploration expenses that qualify as "Canadian exploration expenses" under the Income Tax Act (Canada) [4]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, particularly in antimony and gold, with projects like the Howells Lake Antimony-Gold Project [6]. - The Company is strategically positioned to meet the rising global demand for critical minerals and metals, leveraging its technical, managerial, and financial expertise to drive growth and deliver shareholder value [6].

Core Insights - Spartan Metals Corp. announced positive assay results from the drilling program at the Tungstonia Tailings deposit, part of the Eagle Tungsten-Silver-Rubidium Project in eastern Nevada, indicating potential contributions to the US tungsten and rubidium supply chain [1][4][21] Summary by Sections Drilling Program - The drilling program consisted of 34 holes, approximately 6.4 centimeters in diameter, spaced about 12 meters apart, totaling around 67 meters and comprising 133 samples with an average depth of nearly 2 meters [1][3] Assay Results - The assay results showed tungsten grades averaging 0.13% WO3, silver grades of 10.6 g/t, and rubidium grades of 626 ppm, with consistent grades across all holes [5][8] - Notable highlights include specific intervals with tungsten grades reaching up to 0.42% WO3 and silver grades of 123 g/t [3][18] Economic Potential - The weighted average tungsten results are near the cutoff for currently operating mines, with the potential addition of silver and rubidium credits making the results encouraging [8] - The tailings have already been mined and processed, suggesting that the economic cutoff could be closer to the average of 0.13% WO3 obtained from the samples [8] Next Steps - The company plans to continue with Phase 1 of the work program, focusing on metallurgical analysis, tonnage calculations, 3D modeling, resource estimation, and economic evaluation to determine economic viability [9][10] - Two holes were drilled for geological and metallurgical testing to identify minerals hosting tungsten and rubidium and assess recoverability [10][11] Project Overview - The Eagle Project is one of the largest and highest-grade tungsten and rubidium districts in the US, covering approximately 36.5 km² and consisting of past-producing high-grade tungsten mines [21][22] - The project includes three deposit types: Porphyry, Skarn, and Carbonate Replacement, containing significant grades of tungsten, silver, and rubidium [23]

Group 1 - Spartan Metals Corp. has terminated its investor relations agreement with ValPal Management Consultancy effective immediately [1] - The company focuses on developing critical minerals projects in stable mining jurisdictions in the Western United States, emphasizing strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic [2] - Spartan's flagship project is the Eagle Project in eastern Nevada, which includes the highest-grade historic tungsten resource in the USA and significant under-defined resources of high-grade rubidium, antimony, bismuth, indium, as well as precious and base metals [3]

Core Viewpoint - American Lithium Corp. has achieved a significant legal victory regarding its mining concessions in Peru, which enhances the company's operational stability and paves the way for advancing its critical minerals projects [1][2][5]. Legal Developments - The Sixth Permanent Court of Lima issued Resolution No. 24, consolidating the legal security of 32 mining concessions held by Macusani Yellowcake S.A.C., a subsidiary of American Lithium [1][2]. - The court's final judgment restores the validity and ownership of these concessions, following the dismissal of appeals by co-defendants INGEMMET and the Ministry of Energy and Mines [2][4]. Compliance and Enforcement - INGEMMET is mandated to issue a new administrative resolution reflecting the court's judgment within 30 days, with penalties for non-compliance [3]. - The court requires INGEMMET to identify the official responsible for compliance, holding the highest institutional authority accountable for any failure to act [3]. Project Implications - The ruling provides a framework of full legal stability for the Falchani and Macusani projects, essential for current and future investments [4][5]. - With the restoration of concession titles, the company can proceed with technical work, permitting processes, and strategic development across its critical minerals assets [5]. Company Overview - American Lithium is focused on developing two major lithium projects and the largest undeveloped uranium project in Latin America, including the TLC claystone lithium project in Nevada and the Falchani hard-rock lithium project in Peru [6]. - The company has completed preliminary economic assessments for all projects, indicating significant expansion potential and strong community support [6].