Core Insights - Cemex US has appointed Will Price as Senior Vice President of Mergers & Acquisitions to lead strategic growth initiatives through targeted acquisitions and divestitures [1][2][3] Company Overview - Cemex is a global building materials company with a network in the U.S. that includes 8 cement plants, nearly 50 cement terminals, about 50 aggregate quarries, and over 280 ready-mix concrete plants [5] - The company has been recognized for its sustainability efforts, earning the U.S. EPA ENERGY STAR® Partner of the Year award consecutively since 2019 [5] Leadership and Experience - Will Price has over a decade of experience in strategy and business development, previously serving as Vice President of Corporate Development and Integration at a leading manufacturer of exterior building products, where he managed transactions totaling over $3 billion in enterprise value [2][3] - Price holds a Bachelor of Science in Aerospace Engineering and an MBA in Corporate Finance [3] Strategic Focus - Price emphasized the importance of identifying opportunities that align with Cemex's long-term strategy and deliver value to customers, employees, and communities [4]

Core Viewpoint - Rio Tinto will reduce production at the Yarwun Alumina Refinery by 40% starting October 2026 to extend its operational life until 2035 and explore further modernization options [1][2][3] Production and Capacity - The reduction in production will lead to a decrease of approximately 1.2 million tonnes of alumina annually [5] - The Yarwun tailings facility is expected to reach capacity by 2031 at current production rates, making this curtailment necessary for future exploration [2] Economic and Employment Impact - The decision will affect around 180 roles at the refinery, with plans for redeployment across Rio Tinto sites in Gladstone [4] - The company emphasizes its commitment to alumina and aluminium operations in Gladstone, aiming to manage the transition effectively [4] Operational Continuity - Despite the production cut, there will be no impact on customer requirements or other operations, as bauxite mines and aluminium smelters will continue to operate at full capacity [5] - Yarwun currently employs about 725 people and produces around 3 million tonnes of alumina per year, which is used as feedstock for Rio Tinto's aluminium smelters and international customers [6] Environmental Initiatives - Rio Tinto is prioritizing innovative tailings solutions and decarbonisation technologies, including the Hydrogen Calcination Project supported by Australian Renewable Energy Agency funding [6]

Core Viewpoint - Gold Reserve Ltd. has appointed Michael Johnston as the new Chair of the Board, succeeding Robert Cohen, effective immediately. This change aims to advance the company's strategic objectives with Johnston's extensive experience [1][2]. Group 1: Leadership Change - Michael Johnston, a long-standing member of the Board, has been appointed as the new Chair, bringing significant entrepreneurial and strategic decision-making experience [2]. - The appointment was approved during a regularly scheduled Board meeting on November 13, 2025 [1]. - CEO Paul Rivett expressed confidence in Johnston's leadership and knowledge of the business, highlighting his suitability for guiding the Board [2]. Group 2: Acknowledgment of Previous Leadership - The company expressed gratitude to Robert Cohen for his years of service and leadership as Chair and director [2].

Core Viewpoint - Gold Reserve Ltd. is currently engaged in legal proceedings concerning the Citgo sale process, with recent court rulings impacting its position and strategy [2][3]. Legal Proceedings Update - The U.S. District Court for the District of Delaware denied Gold Reserve's motion to disqualify the Special Master and his advisors overseeing the Citgo Sale Process, as well as a similar motion from the Venezuela Parties [2]. - The court indicated it would not rule on the Amber Energy bid until November 21, 2025 [2]. Company’s Position - Gold Reserve disagrees with the court's ruling, citing significant conflicts of interest in the sale process, including $170 million in fees collected by the Special Master's advisors from Elliott and 2020 bondholders [3]. - The company plans to seek appellate remedies to address these concerns regarding the fairness and integrity of the Citgo sale process [3]. Related Legal Actions - In a separate case against Rusoro Mining Ltd. for breach of a Consortium Agreement, the Delaware Court of Chancery declined to expedite Gold Reserve's motion for a preliminary injunction, opting to wait for developments in the Citgo sale process [4].

Core Points - Lomiko Metals Inc. has successfully closed a non-brokered private placement for approximately $800,000 through the issuance of 6,666,666 flow-through common shares at a price of $0.12 per share [1][3] - The proceeds from this financing will be allocated towards strategic initiatives, including resource exploration expenses related to the La Loutre project and the Yellow Fox property [3][4] - The company has reported a significant increase in mineral resources at the La Loutre project, with an updated estimate showing 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase from previous estimates [6] Financing Details - The company paid cash finder's fees of $45,600 and issued 380,000 Finder's Warrants, allowing the purchase of common shares at $0.24 for two years [2] - All securities issued are subject to a hold period expiring four months and one day from their issuance date [2] Project Information - The La Loutre project is located in southern Quebec and consists of 76 mineral claims covering 4,528 hectares [4] - The Yellow Fox property is an early-stage exploration site located in Newfoundland, with historical samples showing significant grades of gold, antimony, and silver [10] - Lomiko also holds interests in seven early-stage projects in southern Quebec, covering a total of 18,622 hectares [7][8]

Core Viewpoint - Compass Minerals will release its fiscal fourth-quarter and full-year 2025 results on December 8, 2025, with a conference call scheduled for December 9, 2025, at 9 a.m. ET to discuss these results [1][2]. Company Overview - Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals, focusing on delivering products that address nature's challenges for customers and communities [3]. - The company's salt products are utilized for winter road safety and various consumer, industrial, chemical, and agricultural applications [3]. - Compass Minerals operates 12 production and packaging facilities with over 1,800 employees across the U.S., Canada, and the U.K. [3].

Core Viewpoint - Triple Flag Precious Metals Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 10,328,075 common shares over a one-year period [1][2]. Summary by Sections Normal Course Issuer Bid (NCIB) - The NCIB allows Triple Flag to buy back up to 10,328,075 common shares, which is 5% of the total 206,561,506 shares outstanding as of November 3, 2025 [2]. - The repurchase period will start on November 17, 2025, and end on November 16, 2026 [2]. Rationale for NCIB - The company believes that repurchasing its common shares can be a suitable use of available funds and a mechanism for returning capital to shareholders [3]. Purchase Mechanism - Purchases may occur through the TSX, NYSE, and other trading systems, with daily repurchases on the TSX limited to a maximum of 43,278 shares, which is 25% of the average daily trading volume [4]. - All repurchased shares will be cancelled [4]. Pricing and Payment - Shares will be purchased at market price or as permitted by the TSX, with private agreement purchases potentially at a discount [5]. Automatic Share Purchase Plan (ASPP) - Triple Flag has established an ASPP with a designated broker to facilitate share purchases during regulatory restrictions and blackout periods [6][7]. Management Discretion - Outside of predetermined blackout periods, share purchases will be at the discretion of management, adhering to TSX rules and applicable laws [8]. Previous NCIB Performance - In the previous NCIB from November 15, 2024, to November 14, 2025, Triple Flag repurchased 692,600 shares at an average cost of C$23.36 per share, totaling approximately C$11.4 million [11]. Company Overview - Triple Flag is a precious metals streaming and royalty company, providing exposure to gold and silver from 239 assets, including 33 producing mines and 206 development and exploration projects [12].

Core Insights - Pan American Silver Corp. reported record attributable free cash flow of $251.7 million for Q3 2025, leading to a cash and short-term investments balance of $910.8 million, plus an additional $85.8 million at Juanicipio [2][6] - The company increased its dividend to $0.14 per common share for Q3 2025, reflecting strong cash flow generation [2][5] - Following the acquisition of MAG Silver, the company raised its 2025 silver production guidance and lowered estimated all-in sustaining costs (AISC) for the Silver Segment [2][6] Financial Performance - Attributable revenue for Q3 2025 was $884.4 million, compared to $715.0 million in Q3 2024 [15] - Net earnings were $169.2 million, or $0.45 basic earnings per share, up from $57.1 million, or $0.16 per share, in the previous year [14] - Adjusted earnings for the quarter were $181.0 million, or $0.48 adjusted earnings per share, compared to $114.7 million, or $0.32 per share, in Q3 2024 [14] Production Metrics - Attributable silver production reached 5.5 million ounces, while gold production was 183.5 thousand ounces [8][15] - Silver Segment AISC was reported at $15.43 per ounce, down from $20.90 per ounce in the previous year [15] - Gold Segment AISC increased to $1,697 per ounce, compared to $1,516 per ounce in Q3 2024 [15] Project Updates - The La Colorada Skarn project is being evaluated for a two-phase development plan, which aims to deliver a higher grade, lower tonnage, and less capital-intensive first phase [9] - The company is also discussing potential partnerships for the development of the Skarn project [9] - The Escobal mine remains non-operational, with ongoing consultations related to the ILO 169 process [10] Leadership Changes - Scott Campbell has been appointed as Chief Operating Officer effective October 20, 2025, succeeding Steve Busby, who will serve as Special Advisor to the CEO [11][12]

Core Insights - Odyssey Marine Exploration is focused on building a diverse portfolio to meet the multi-year demand for critical minerals, including phosphate and polymetallic nodules, aimed at enhancing supply chains for battery materials, agriculture, and manufacturing [2][5] Recent Milestones - A Mexican court annulled previous cancellations of concessions, restoring their legal validity, which will be assigned to PHOSAGMEX, a joint venture focused on North American fertilizer supply [5] - Odyssey submitted an unsolicited request for a lease sale to the Bureau of Ocean Energy Management for a Mid-Atlantic area rich in phosphate, titanium, zirconium, and rare earth elements, aligning with U.S. resource-security priorities [5] - Two Autonomous Benthic Mini Landers were deployed in the Cook Islands to collect geophysical and environmental data at depths of 5,000 meters, showcasing the company's technical leadership in deep-ocean resource exploration [5] - The company simplified its balance sheet by converting $20 million of debt into common stock, enhancing liquidity [5] - Odyssey joined the National Ocean Industries Association, expanding its platform for collaboration and responsible development in the offshore economy [5] Strategic Developments - The U.S. Government's recognition of phosphate as a critical mineral strengthens Odyssey's strategic phosphate projects and advances resource security [10] - The company is advancing critical-mineral resource development through its lease sale request to the U.S. Department of the Interior [11] - Successful deployment of Autonomous Benthic Mini Landers marks a significant milestone in deep-sea exploration and data collection [12]

Core Insights - Rupert Resources Ltd reported its unaudited financial results for the three and nine months ending September 30, 2025, highlighting progress in permitting and feasibility studies, particularly in waste and water management [1][7][8] Financial Overview - The company recorded a net loss of CAD 6.7 million for the nine months ending September 30, 2025, translating to a net loss per share of CAD 0.03 [7] - As of September 30, 2025, Rupert Resources held cash and cash equivalents totaling CAD 100.3 million, which includes short-term investments [6][8] Corporate Update - The appointment of Russell White as Project Director is expected to enhance the company's capability to advance the Ikkari project towards production [9] - The company is focusing on optimizing its exploration strategy in the Central Lapland Greenstone Belt (CLGB) ahead of the winter program [5][8] Operational Activities - The operational focus has been on the Rupert Lapland Project Area, particularly the Ikkari project, with significant drilling and feasibility study activities ongoing [10][11] - The winter drill program at Ikkari was completed, including hydrogeological and geotechnical drilling to inform the upcoming feasibility study and environmental permit application [11][12] Feasibility Study Progress - The company is advancing its feasibility study workstreams, with hydrogeological pump testing and geotechnical logging completed during Q3 2025 [14][15] - Waste and water optimization studies are nearing completion, aimed at streamlining operations and permitting processes [8][16] Environmental and Permitting Efforts - The company is actively advancing its Environmental Impact Assessment (EIA) program, with the goal of securing environmental and water permits for the Ikkari project [21][22] - Ongoing baseline environmental assessments and impact modeling are being conducted to support the permitting process [22] Exploration Activities - Exploration drilling was reduced during Q3 2025, with a focus on reviewing the permit package and existing data [23] - A total of 2,900 meters of exploration drilling was completed in Q3 2025, bringing the year-to-date total to 12,500 meters [25] Future Outlook - The company plans to allocate approximately CAD 35-40 million for advancing its assets within the Rupert Lapland Project Area over the next twelve months [26][28] - Key focus areas include completing the feasibility study for Ikkari, continuing exploration, and advancing permitting and environmental studies [28]