China confirmed details of a trade framework with Washington under which it will deliver key rare earths: Here is your Evening Briefing. https://t.co/6GnWaBpkRq ...

Group 1 - The core viewpoint of the articles indicates that industrial metal prices, particularly copper and aluminum, are expected to rise due to a temporary easing of US-China tensions, resilient demand from new energy and grid investments, and supply bottlenecks [1] - The report from CITIC Securities highlights that the prices of industrial metals are experiencing fluctuations due to the Federal Reserve maintaining the benchmark interest rate and disappointing retail data from May [1] - The copper market is facing tight supply conditions, with negotiations between Chinese smelters and Antofagasta stalled, while the demand side is entering a traditional off-season, leading to a 3.04 percentage point decrease in the operating rate of copper cable enterprises [1] Group 2 - In the aluminum sector, the operating rate of alumina has decreased by 0.4 percentage points, with some companies opting to cut production due to rising raw material costs; however, social inventory continues to show a trend of reduction [1] - Zinc prices are supported by a decrease in overseas inventory, but domestic supply and demand remain weak; lead prices are under pressure due to raw material supply issues and sluggish consumption, maintaining a consolidation phase [1] - Nickel prices have weakened further due to soft demand and the influence of London nickel prices, indicating that the overall industrial metal market is constrained by macroeconomic pressures and seasonal demand reductions [1]

Core Viewpoint - Mandalay Resources Corporation has received approval from the Australian Foreign Investment Review Board for its planned arrangement with Alkane Resources Limited, marking a significant step towards the completion of the transaction [1][2]. Regulatory Approvals - The Australian Commonwealth Government has confirmed no objections to the transaction, fulfilling the last regulatory requirement [2]. - The Supreme Court of British Columbia granted an interim order allowing Mandalay to hold a special meeting for shareholders to vote on the transaction [3]. Transaction Details - The transaction has received unanimous approval from Mandalay's board of directors, who recommend shareholders vote in favor at the upcoming meeting [5]. - The meeting is scheduled for July 28, 2025, with related materials to be mailed to shareholders on July 7, 2025 [7]. Future Outlook - The transaction is expected to close in early August 2025, pending final court approval and shareholder votes from both Mandalay and Alkane [7]. - The combined company aims to enhance its scale and financial strength, potentially unlocking shareholder value and supporting a re-rating [5]. Company Background - Mandalay Resources is a Canadian natural resource company with producing assets in Australia and Sweden, focusing on increasing production and reducing costs for positive cash flow [6].

Group 1 - Teck Resources Limited has been recognized as one of Corporate Knights' 2025 Best 50 Corporate Citizens in Canada, marking the 19th consecutive year the company has received this honor [1][2] - The evaluation for the Best 50 Corporate Citizens includes up to 25 environmental, social, and governance indicators, such as board diversity, resource efficiency, financial management, sustainable revenue, and sustainable investment [2] - Jonathan Price, President and CEO of Teck, emphasized the company's commitment to responsibly producing critical minerals essential for economic growth and energy security [2][3] Group 2 - Teck is a leading Canadian resource company focused on providing essential metals for economic development and the energy transition, with a strong portfolio of copper and zinc operations across North and South America [3] - The company aims to create value through responsible growth and resilience built on stakeholder trust [3] - Teck's shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange under the symbols TECK.A, TECK.B, and TECK respectively [3]

Core Viewpoint - Fidelity Minerals Corp. is set to consolidate its common shares on a 1-for-5 basis, effective June 30, 2025, reducing the number of outstanding shares from approximately 108.65 million to about 21.73 million [1]. Share Consolidation Details - The consolidation will result in the issuance of one new share for every five existing shares, with the new CUSIP number being 31622P305 and the new ISIN CA31622P3051 for the post-consolidated shares [1]. - Holders of uncertificated shares will have their accounts electronically adjusted by the Company's transfer agent or their brokerage firms, requiring no additional action from them [2]. - Registered shareholders with physical share certificates will receive a letter of transmittal instructing them to surrender their certificates for new ones representing their post-consolidation shares [3]. Company Overview - Fidelity Minerals Corp. has a portfolio of high-quality mining assets in Peru and Canada, focusing on large-scale copper and gold projects [4]. - The Company is currently assessing the Sunsets Project in British Columbia and advancing the Las Huaquillas project, which involves gold, copper, and silver in Northern Peru [4]. - Fidelity also holds a 25% interest in the Florina Greensands project, which is a potential resource for low-chloride potassium fertilizer [4]. - The Company aims to opportunistically expand its project portfolio through accretive acquisitions and is supported by an experienced management team and committed investors [4].

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) has today filed an appeal of the resolution dated May 30, 2025 (the “Appeal”) made by the Delegación Territorial en Sevilla de la Consejería de Economía, Hacienda y Fondos Europeos - Consejería de Industria Energía (the “Administration”) granting the exploitation permit for the Aznalcóllar project (the “Project”) to Minera Los Frailes S.L. (“MLF”) (please see the Company’s ...

Company Overview - Freeport-McMoRan Inc. is engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum, and silver, as well as smelting and refining of copper concentrates [11] - The company operates primarily through its subsidiaries, including PT Freeport Indonesia, Freeport Minerals Corporation, and Atlantic Copper [11] - PT Freeport Indonesia's principal asset is the Grasberg mine in Papua, Indonesia, which contains the world's largest copper and gold reserves [11] Investment Ratings - Freeport-McMoRan has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid overall rating [12] - The company has a Value Style Score of B, supported by attractive valuation metrics such as a forward P/E ratio of 24.84 [12] - Four analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.07 to $1.68 per share [12] Earnings Performance - Freeport-McMoRan has an average earnings surprise of 10.5%, suggesting a history of exceeding earnings expectations [12] - The upward revisions in earnings estimates indicate positive sentiment among analysts regarding the company's future performance [12] Investment Consideration - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Freeport-McMoRan is recommended for investors' consideration [13]

Group 1 - Three mining companies, Hudbay Minerals Inc., Vale Base Metals, and Alamos Gold Inc., donated C$1.25 million to the Canadian Red Cross for wildfire relief efforts in northern Manitoba [1][2] - The funds will support various critical services, including evacuation assistance, mental health support, and community resilience projects [7][2] - The companies expressed their commitment to the affected communities, emphasizing their solidarity and ongoing support for long-term recovery [2][6] Group 2 - Hudbay is a copper-focused critical minerals company with operations in Canada, Peru, and the United States, producing copper, gold, zinc, silver, and molybdenum [4][5] - Vale Base Metals is a major producer of nickel and copper, contributing to energy transition metals with operations in multiple countries [8] - Alamos Gold is an intermediate gold producer with diversified operations in North America and a commitment to sustainable development [9]

Core Points - Erdene Resource Development Corporation's shareholders voted in favor of all items at the Annual and Special Meeting held on June 25, 2025 [1] Group 1: Board and Executive Appointments - Shareholders approved management's nominees to the board of directors with high support, including Peter C. Akerley (99.76% for), Dr. Anna G. Biolik (99.61% for), T. Layton Croft (99.42% for), Kenneth W. MacDonald (99.76% for), and Cameron McRae (99.76% for) [2] - The board appointed Peter Akerley as President and CEO, T. Layton Croft as Chairman, Robert Jenkins as CFO, and Suzan Frazer as Corporate Secretary for the upcoming year [3] Group 2: Auditor and Rights Plan - MNP LLP was appointed as the Auditor of the Company until the next annual general meeting, with directors authorized to fix the Auditor's remuneration [4] - Shareholders approved the termination of the Company's shareholder rights plan effective June 26, 2025 [5] Group 3: Share Consolidation - A special resolution for the consolidation of all issued and outstanding common shares on a basis of one post-consolidated share for every six pre-consolidated shares was approved [6] - The board has been authorized to determine the effective date of the consolidation or to decide against proceeding without further shareholder approval [7] - The consolidation is subject to final approval from the Toronto Stock Exchange, with additional details available in the Company's management information circular [8] Group 4: Company Overview - Erdene Resource Development Corp. is focused on bringing the Bayan Khundii Gold Mine into production in late 2025 and is involved in the acquisition, exploration, and development of precious and base metals in Mongolia [9]

Core Viewpoint - The Donald Project, a joint venture between Energy Fuels and Astron Corporation, is recognized as a significant near-term source of rare earth minerals, with plans for processing at Energy Fuels' White Mesa Mill in Utah [1][2][11]. Project Approval and Financing - The Government of Victoria, Australia has approved the Work Plan for the Donald Project, marking the final major regulatory approval needed for construction and operation [2][3]. - This approval allows for the finalization of financing arrangements before a final investment decision (FID) can be made [3]. Joint Venture Details - Energy Fuels has the right to invest a total of AU$183 million (approximately US$119 million) and issue US$17.5 million in common shares to earn up to a 49% interest in the Donald Project [4]. - The project is expected to provide a low-cost, long-term supply of rare earth mineral concentrate, which will be processed into high-purity separated rare earth elements (REEs) at the White Mesa Mill [4][5]. Production Capacity and Phases - Phase 1 of the Donald Project is anticipated to supply approximately 7,000 to 8,000 metric tons of rare earth mineral concentrate per year, starting as early as 2026 [6]. - This phase is expected to yield around 4,700 tonnes of total rare earth oxides (TREO), including 990 tonnes of separated neodymium-praseodymium (NdPr) [6]. - Following Phase 1, a Phase 2 expansion is planned, which could increase production to approximately 13,000 to 14,000 tonnes per year of rare earth mineral concentrate [7]. Processing and Market Potential - The White Mesa Mill is equipped to process the Phase 1 quantities of rare earth mineral concentrate into separated NdPr and other REEs [6][8]. - The Donald Project's output could fulfill about 22% to 23% of the planned capacity of the Phase 2 Mill Expansion [8]. Strategic Importance - The Donald Project is viewed as a critical link between the U.S. and Australia for rare earths and critical minerals, essential for various commercial and defense technologies [5][11]. - The project is expected to provide a significant and consistent source of REE feedstock for Energy Fuels for decades [7].