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Energy Fuels' Donald Rare Earth and Mineral Sand Joint Venture in Australia Receives Final Major Regulatory Approvals
Prnewswire· 2025-06-25 23:54
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].
The Metals Company upgraded as US bolsters domestic critical mineral supply
Proactiveinvestors NA· 2025-06-25 19:22
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Rio Tinto Jointly Invests $1.6B in Hope Downs 2 Project in Pilbara
ZACKS· 2025-06-25 16:56
Core Insights - Rio Tinto Group (RIO) plans to invest $1.6 billion in the Hope Downs 2 iron ore project in Western Australia's Pilbara region, with RIO's share being $800 million, highlighting its commitment to Australian iron ore and the sustainability of Pilbara's production [1][7] Project Details - The Hope Downs 2 project will develop two iron ore pits, expected to produce 31 million tons per year, significantly enhancing the joint venture's long-term production output [2][7] - The project has received all necessary state and federal government approvals, marking a significant milestone for RIO as it invests in next-generation iron ore mines in Pilbara [2] - Infrastructure development will include railway crossings, haul roads, and realigning 6km of the Great Northern Highway, with ore transported to Hope Downs 1 for processing, and production anticipated to start in 2027 [3] Employment Impact - The project is expected to create over 950 jobs during construction and support around 1,000 full-time roles once operational [4][7] Broader Investment Strategy - RIO plans to invest more than $13 billion in new mines, plants, and equipment from 2025 to 2027, including a $1.2 billion investment to modernize its Isle-Maligne hydroelectric power plant in Quebec, Canada [5] Stock Performance - Over the past year, RIO's shares have declined by 8.7%, contrasting with a 0.2% decline in the industry [6]
Royal Gold (RGLD) 2024 Earnings Call Presentation
2025-06-25 13:19
Gold Forum Europe April 2024 Cautionary Statements Forward-Looking Statements: This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like "will," "may," "could," "should," "would," ...
Royal Gold (RGLD) 2025 Earnings Call Presentation
2025-06-25 13:18
Mining Forum Europe April 2025 Cautionary Statements Forward-Looking Statements: This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements are not guarantees of future performance, and actual results may differ materially from these statements. Forward-looking statements are often identified by words like "will," "may," "could," "should," "would ...
Freeport-McMoRan: Copper Price Strength Improves The Valuation Case (Rating Upgrade)
Seeking Alpha· 2025-06-25 13:14
Group 1 - Copper prices are currently consolidating in a tight range between $4.50 and $5 per pound, with a recent peak near $5.25 before Liberation Day, which has been bullish for shares of Freeport-McMoRan (NYSE: FCX) [1] - There are concerns regarding the health of the global economy, which may impact copper demand and pricing [1]
【期货热点追踪】全球铜市场紧张预警,印度寻求与矿业巨头合作,合作建冶炼厂能否缓解铜资源紧张?
news flash· 2025-06-25 13:05
全球铜市场紧张预警,印度寻求与矿业巨头合作,合作建冶炼厂能否缓解铜资源紧张? 相关链接 期货热点追踪 ...
ALPHAMIN ANNOUNCES APPOINTMENT OF DIRECTOR
Globenewswire· 2025-06-25 12:30
GRAND BAIE, MAURITIUS, June 25, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company” or “Alphamin”) announced today that, subject to regulatory approval, Mr. John Robertson, a Mauritian resident, has been appointed as a director of the Company. Mr. Robertson is a mining professional with 30 years of experience in countries across Franco and Anglophone Africa. He has significant surface and underground mine management experience in both base and precious metals and a stro ...
Asia Broadband Receives Delivery Of Phase 2 Production Line Processing Plant Equipment From China
Globenewswire· 2025-06-25 12:00
Core Insights - Asia Broadband Inc. has received a significant delivery of production line processing equipment from China for its new facility in Etzatlan, Mexico, which opened in April 2025 [1][2] - The company received 6 containers of equipment from Mecru Heavy Industry Technology Co. Ltd. and expects to receive 4 more containers in early August [1] - The new equipment is intended for the Phase 2 production processing operations, which will be integrated into the existing plant [1][2] Company Overview - Asia Broadband Inc. is focused on the production of precious metals and the accumulation of physical gold holdings, leveraging its geographic expertise and industry contacts in Mexico [3] - The company differentiates itself through its unique asset diversification and integration in the Mexican market, creating distinctive value for shareholders [3] - Asia Broadband also has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [3]
Founders Metals Welcomes New Directors to Leadership Team
Newsfile· 2025-06-25 11:30
Core Viewpoint - Founders Metals Inc. has appointed several key individuals to leadership roles to enhance its capabilities in advancing the Antino Gold Project in Suriname, South America, while maintaining high standards of safety and stakeholder engagement [1][2]. Leadership Appointments - Harp Gosal has been appointed as Director of Investor Relations, bringing over a decade of experience in investor relations and corporate development within the mining and metals sector [3][4]. - Lizbeth Toscano has been appointed as Director of Health & Safety, with over 17 years of experience in developing health and safety programs in the mining industry [6][7]. - Brandon Anholt has been promoted to Director of New Projects, recognized for his significant contributions to the technical team since 2024 [9][10]. Company Overview - Founders Metals is focused on advancing the Antino Gold Project, which spans 20,000 hectares and has produced over 500,000 ounces of gold from historical mining [12]. - The company is committed to responsible exploration, community engagement, and delivering long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield [12].