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‘We're still early' - Americans have barely begun rotating into gold, silver, and the miners – Van Eck and Sprott CEOs
KITCO· 2025-06-12 20:28
Group 1 - The documents mention various precious metals including gold, platinum, and silver, indicating a focus on investment products related to these commodities [1][2] - The reference to "ETF" suggests that the articles may discuss exchange-traded funds that are linked to the performance of these metals [1][2] - The specifications for the metals include purity levels such as 999.9 for gold and silver, and 999.5 for platinum, which are important for investors assessing quality [1][2] Group 2 - Ernest Hoffman is identified as a Crypto and Market Reporter with extensive experience in market news, indicating a potential focus on the intersection of cryptocurrency and traditional commodities [3] - The articles do not provide specific market data or trends, but the mention of a reporter with a background in economic news suggests that insights into market movements may be available [3]
FSM Buys 15% of Awale Resources to Boost Cote d'Ivoire Exploration
ZACKS· 2025-06-12 17:21
Core Insights - Fortuna Mining Corp. (FSM) has acquired 15,037,593 common shares of Awalé Resources Limited, securing a 15% stake, which aligns with its long-term growth strategy to enhance its exploration pipeline in Côte d'Ivoire [1][7] - The acquisition was made through a non-brokered private placement at a price of $0.399 per share, totaling $6 million [2][7] Strategic Portfolio Optimization - FSM has been actively optimizing its portfolio, recently closing the sale of its interest in Roxgold Sanu and three other subsidiaries to Soleil Resources International Ltd., resulting in no longer holding a stake in the Yaramoko Mine [3] - In April 2025, FSM sold its non-core San Jose mine in Mexico, and with the sale of Yaramoko, it will cease operations in Burkina Faso, focusing on its Séguéla mine in Côte d'Ivoire, Lindero mine in Argentina, Caylloma mine in Peru, and Diamba Sud Gold Project in Senegal [4][5] - The decision to sell the Yaramoko mine was influenced by its limited remaining life and challenging operating conditions, providing additional liquidity to focus on strategic objectives [5] Financial Performance - Following the recent transactions, FSM's first-quarter cash and short-term investments have exceeded $380 million, with liquidity surpassing $530 million, and approximately $50 million in capital being reallocated [5] - FSM's shares have appreciated by 41% over the past year, significantly outperforming the industry average growth of 1.4% [6]
How AI Energy Demands Are Fueling A Resurgence Of Uranium Mining In The U.S.
CNBC· 2025-06-12 16:01
This is the ore being shipped in from the Pinyon Plain mine. This ore is some of the highest-grade uranium ore that's ever come out of the United States mine. You need uranium.Well, the largest uranium mine comes out of Saskatchewan, comes over to Ontario, and then gets enriched down in the US. Uranium prices soaring more than 75% over the past year. While uranium prices have gone down since a high in early 2024, many experts remain confident that demand for uranium, which is mainly used as a fuel for nucle ...
Thesis Gold Announces Upsize of Bought Deal Private Placement to C$24 Million
Globenewswire· 2025-06-12 15:11
Core Viewpoint - Thesis Gold has increased its underwritten offering from C$20 million to C$24 million due to strong investor demand [1] Offering Details - The Offering will consist of three types of flow-through shares: - 5,770,000 BC CEE Flow-Through Shares at C$1.56 each for gross proceeds of C$9,001,200 [2] - 8,660,000 National CEE Flow-Through Shares at C$1.445 each for gross proceeds of C$12,513,700 [2] - 1,930,000 Traditional Flow-Through Shares at C$1.30 each for gross proceeds of C$2,509,000 [2] - The Underwriters have an option to purchase up to an additional 15% of the Offering to cover over-allotments [2] Participation and Rights - Centerra Gold Inc. intends to participate in the Offering to maintain its shareholding interest in Thesis Gold [3] Regulatory and Compliance - All securities issued will be subject to a four-month hold period and the Offering is subject to approval by the TSX Venture Exchange [4][7] Financial Terms - The Company will pay a cash commission of 6% of the gross proceeds to the Underwriters upon closing [5] Use of Proceeds - Gross proceeds will be used for eligible Canadian exploration expenses related to the Lawyers Ranch project in British Columbia [6] Project Overview - Thesis Gold is focused on the Lawyers-Ranch Project, which has shown a 35.2% after-tax IRR and an after-tax NPV5% of C$1.28 billion [8]
Silvercorp Announces Filing of the Updated Mineral Resource Estimate for its Condor Project
Prnewswire· 2025-06-12 11:30
Group 1 - Silvercorp Metals Inc. has filed an updated mineral resource estimate for its Condor gold project, titled "Independent Technical Report for the Condor Project, Ecuador," effective February 28, 2025 [1] - The Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects and is available on the company's website and regulatory filings [2] - There are no material differences between the Technical Report and the previously released information, and the Condor Project is not currently considered a material property of the company [3] Group 2 - Silvercorp is a Canadian mining company focused on producing silver, gold, lead, and zinc, with a strategy aimed at generating shareholder value through free cash flow, organic growth, mergers and acquisitions, and a commitment to responsible mining and ESG [4]
Osisko Metals Intersects 0.33% Cu Over 258 Metres at Gaspé
Globenewswire· 2025-06-12 10:00
Core Viewpoint - Osisko Metals Incorporated announced new drilling results from the Gaspé Copper Project, indicating significant mineralization and potential resource expansion below the 2024 Mineral Resource Estimate (MRE) [1][3][11]. Drilling Results - Drill hole 30-1075 intersected 258.0 metres averaging 0.33% Cu and 2.95 g/t Ag, including 15.6 metres averaging 1.47% Cu and 8.5 g/t Ag, with a second intercept at depth of 96 metres averaging 0.54% Cu and 3.34 g/t Ag [3][4]. - Drill hole 30-1076 encountered 208.4 metres averaging 0.40% Cu and 2.61 g/t Ag, with significant intercepts at depth extending mineralization to 548 metres [3][4]. - Drill hole 30-1070 revealed 160.5 metres averaging 0.16% Cu and 1.92 g/t Ag, followed by a second intercept of 122.8 metres averaging 0.62% Cu and 4.86 g/t Ag, and a third intercept of 29.7 metres averaging 1.92% Cu and 15.2 g/t Ag at a depth of 629 metres [3][4]. - Drill hole 30-1074 showed 118.5 metres averaging 0.26% Cu and 1.92 g/t Ag, extending mineralization to a vertical depth of 797 metres [4]. Mineral Resource Estimate - The November 2024 MRE was limited to the base of the L1 skarn horizon (C Zone), with all mineralized intersections below this horizon representing potential depth extensions to be included in the next MRE update scheduled for Q1 2026 [7][11]. - Current Indicated Mineral Resources at the Gaspé Copper Project are 824 million tonnes averaging 0.34% CuEq, while Inferred Mineral Resources are 670 million tonnes averaging 0.38% CuEq [15]. Project Focus - The current drilling program aims to convert the November 2024 MRE to Measured and Indicated categories and to test the extension of the mineralization deeper and laterally towards Needle East and Needle Mountain [11][15].
Can US Catch Up With China's Rare Earths Dominance?
Bloomberg Television· 2025-06-12 06:52
Would you say, Harvey, that the trade spat essentially is about critical minerals and it really is about supply chain warfare. Actually, there are two elements to this. And you are exactly right, because this is an issue that has been going on for probably 20 years.The Chinese, to their credit, have used a long term strategy. And many 15, 40 years ago, they dropped the price of rare earths substantially and made it easy for Western countries to get their supply and to be able to simply order and have it del ...
Operational Update
Globenewswire· 2025-06-12 06:00
Core Viewpoint - Vast Resources plc is undertaking a comprehensive review of its asset portfolio and operational strategy to transition into a mid-tier production company, focusing on its Romanian assets and diamond sales [2][4]. Group 1: Operational Updates - The company has established a group technical services function to review its existing asset base and develop a sustainable operational plan [2]. - A temporary suspension of operations at Baita Plai is expected to last up to three months to facilitate a comprehensive geological review and the generation of a new mine plan [7]. - The company is also assessing the potential to restart mining activities at the Manaila-Carlibaba project in Romania during the second half of 2025 [7][8]. Group 2: Diamond Sales - Initial cleaning of diamond parcels has shown very encouraging quality indications, supporting the company's sales and marketing strategy [5][8]. - Initial diamond sales are expected to commence in a matter of weeks through public or private tender in Dubai [6][8]. Group 3: Romanian Assets - The Romanian portfolio includes 100% interest in the Baita Plai Polymetallic Mine, which has a JORC compliant Reserve & Resource Report indicating a production life of approximately 3-4 years and a total mineral resource of 15,695 tonnes copper equivalent [12]. - The company is working on confirming an enlarged exploration target of up to 5.8 million tonnes for the Baita Plai mine [12]. - The Manaila Polymetallic Mine is also being prepared for a return to production following a period of care and maintenance [13]. Group 4: International Operations - Vast Resources retains a presence in Zimbabwe and is re-engaging its investment strategy, discussing further mining concessions [14]. - In Tajikistan, the company has a joint venture providing exposure to the Takob Mine processing facility, which is 100% financed and will yield a 12.25% royalty on sales [15]. - The company is also contracted to develop and manage the Aprelevka gold mines, aiming to increase production closer to historical peak rates [16].
Nexus Minerals reports significant expansion at Wallbrook Gold Project
Proactiveinvestors NA· 2025-06-12 00:25
About this content About Lisa Uhlman Lisa Uhlman is an equities reporter at Proactive Investors, covering ASX-listed companies across the mining, energy, biotech and emerging tech sectors. With a background in legal and financial journalism, Lisa brings a sharp analytical lens to market news and corporate developments. Prior to joining Proactive, she reported for national trade publications and newswires, with a focus on court reporting, regulatory affairs and ESG-related business issues. Based in Sydney ...
Proposed equity fundraising and acquisition of additional licences to create a new West Greenland Hub
Globenewswire· 2025-06-11 16:36
Reykjavík, June 11, 2025 (GLOBE NEWSWIRE) -- THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICES SECTION WITHIN THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY, AND DOES NO ...