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FCX INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Freeport-McMoran
Globenewswire· 2025-11-20 18:56
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoran Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which resulted in significant investor losses [4][6]. Group 1: Allegations and Legal Actions - The complaint alleges that Freeport and its executives made false and misleading statements regarding safety at the Grasberg Block Cave mine, failing to disclose risks that could foreseeably lead to worker fatalities [6]. - Investors who purchased Freeport securities between February 15, 2022, and September 24, 2025, are encouraged to discuss their legal rights with the firm, with a deadline of January 12, 2026, to seek the role of lead plaintiff in the class action [4][11]. Group 2: Incident Details and Stock Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg mine after an incident trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [7]. - Following the tragic update on September 24, 2025, that two workers were fatally injured, Freeport's stock fell by $7.69, or 17%, to close at $37.67 per share [8]. - An article published on September 25, 2025, highlighted potential strains in Freeport's relationship with the Indonesian government due to the halt in production, resulting in a further stock decline of $2.33, or 6.2%, to close at $35.34 [9][10].
Andina Copper Announces Listing on TSX Venture Exchange
Thenewswire· 2025-11-20 18:50
November 20, 2025 – TheNewswire - Vancouver, British Columbia - Andina Copper Corporation (CSE:ANDC) (FSE:FIR) (OTCQB:PMMCF) (“Andina Copper” or the “Company”) is pleased to announce that effective Monday, November 24, 2025, the common shares of the Company will commence trading on the TSX Venture Exchange under the symbol “ANDC” (the “Listing”). In connection with the Listing, the Company will delist its common shares from the Canadian Securities Exchange at the close of business on Friday, November 21, 2 ...
Ecora Resources PLC Announces Nifty Copper Project Update
Accessnewswire· 2025-11-20 11:20
Group 1 - Ecora, a critical minerals focused royalty company, holds a 1.5% Realised Value Royalty on the Nifty Project [1] - Cyprium Metals Limited has announced the approval of the Cathode Project restart plan, with first copper cathode production expected in mid-2026 [1] - The Nifty Project is located in the Paterson region of Western Australia and is focused on the phased restart of the Nifty Copper Complex [1]
Osisko Intersects 138 Metres Averaging 1.45% Cu in South Extension at Gaspé
Globenewswire· 2025-11-20 11:00
Core Insights - Osisko Metals has announced new drill results from the Gaspé Copper Project, confirming significant higher-grade mineralization, particularly in the southern extension, with drill hole 30-1136 returning 64.5 metres averaging 2.70% Cu [2][6] - The company is optimistic about the growth of the project and anticipates an updated Mineral Resource Estimate (MRE) in early 2026 [2][27] Drill Results Summary - Drill hole 30-1136 reported 284.5 metres averaging 0.41% Cu, including a high-grade interval of 64.5 metres averaging 2.70% Cu [6][12] - Drill hole 30-1120 showed 598.5 metres averaging 0.28% Cu, contributing to infill and expansion efforts [6][8] - Drill hole 30-1129 revealed 881.0 metres averaging 0.22% Cu, with significant mineralization extending to a vertical depth of 897.9 metres [6][9] - Drill hole 30-1133 indicated 550.5 metres averaging 0.28% Cu, confirming mineralization to a depth of 831 metres [6][10] - Drill hole 30-1134 demonstrated 309.0 metres averaging 0.17% Cu and a deeper intersection of 228.5 metres averaging 0.41% Cu [6][11] - Drill hole 30-1138 confirmed mineralization with 685.8 metres averaging 0.27% Cu [6][13] - Drill hole 30-1139 showed 873.0 metres averaging 0.23% Cu, confirming mineralization to a depth of 815 metres [6][14] - Drill hole 30-1140 reported five intersections of mineralization, including 105.0 metres averaging 0.43% Cu [6][15] Project Overview - The Gaspé Copper Project is characterized by porphyry copper/skarn type mineralization, with significant historical mining potential [16][27] - The current drill program aims to convert the November 2024 MRE to Measured and Indicated categories and explore deeper and lateral expansions of the mineralization [18][27] - Osisko Metals acquired a 100% interest in the Gaspé Copper mine in July 2023, which hosts the largest undeveloped copper resource in eastern North America [27][28]
ROSEN, A RESPECTED AND LEADING FIRM, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX
Newsfile· 2025-11-20 00:38
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, alleging misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Freeport-McMoRan did not ensure adequate safety at its Grasberg Block Cave mine, leading to heightened risks for workers [5]. - It is alleged that the company failed to disclose these risks, which included regulatory, litigation, and reputational risks, resulting in materially false and misleading statements about its business and operations [5]. - Investors are encouraged to join the class action, with the deadline to serve as lead plaintiff set for January 12, 2026 [1][3]. Group 2: Investor Guidance - Investors who purchased Freeport-McMoRan securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has a history of significant recoveries for investors, including over $438 million in 2019 alone [4].
Freeport Slashes Its Outlook, And Still Wins Over Analysts
Benzinga· 2025-11-19 18:28
Freeport-McMoRan, Inc. (NYSE:FCX) moved to reset expectations for its flagship Grasberg mine after completing its investigation into September’s mud-flow incident, issuing lower-than-expected multi-year production guidance while signaling that the worst of the operational overhang is easing.Scotiabank analyst Orest Wowkodaw upgraded Freeport-McMoRan to Sector Outperform from Sector Perform after the company issued updated production and capex guidance for its Indonesian Grasberg mine.Although the new 2026–2 ...
The US is Expanding Their Critical Minerals List Which is Drawing a Lot of Attention - Amerigo Resources (OTC:ARREF), HOMELAND URANIUM CORP by HOMELAND URANIUM CORP (OTC:HLUCF)
Benzinga· 2025-11-19 16:25
Core Insights - The United States has added 10 minerals, including uranium, to its critical list, prompting global investments of $6.4 billion across 26 strategic projects to secure supply chains [1][2] - The critical minerals sector is projected to grow from $328 billion in 2024 to $586 billion by 2032, indicating significant market potential [3][4] Company Developments - Homeland Uranium Corp. has completed the acquisition of the Skull Creek Project in Colorado, enhancing its control over the Cross Bones Uranium Deposit and its existing Coyote Basin Project [3][4] - The Coyote Basin Project has shown promising results, with a Phase I program confirming a 14-kilometer uranium strike length, situated in a historically productive region [5] - The company has received necessary permits to commence drilling at Coyote Basin and has filed for exploration work at Skull Creek, positioning itself for rapid advancement [4][9] Strategic Positioning - Homeland Uranium aims to leverage its strategic location in Colorado, which has favorable mining regulations, to enhance operational synergies between its projects [4][8] - The company is focused on acquiring quality assets, obtaining drilling permits, and upgrading historical resource estimates to modern standards [8][9] - With rising uranium prices and increasing support for nuclear energy, Homeland is well-positioned to address domestic supply chain concerns [7][9]
Elliott acquires stake in Barrick Mining
Yahoo Finance· 2025-11-19 11:37
Elliott Investment Management has acquired a substantial stake in Barrick Mining, reported Reuters, citing sources familiar with the matter. The development comes as Barrick faces operational challenges and rising expenses, with Elliott’s stake estimated to be worth at least $700m (C$980.03m). Over the past year, Barrick has faced setbacks including the loss of control over a key gold mine in Mali, resulting in a $1bn write-off. This occurred alongside the departure of CEO Mark Bristow after nearly seve ...
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX
Newsfile· 2025-11-19 00:33
Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Freeport-McMoRan Inc. securities between February 15, 2022, and September 24, 2025, alleging misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [2][6]. Group 1: Lawsuit Details - The lawsuit claims that Freeport-McMoRan failed to ensure adequate safety at its Grasberg Block Cave mine, leading to heightened risks for workers [6]. - It is alleged that the company's statements regarding its business operations and prospects were materially false and misleading due to undisclosed risks [6]. - Investors who purchased securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3]. Group 2: Next Steps for Investors - Investors wishing to join the class action must move the Court by January 12, 2026, to serve as lead plaintiff [4]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [4][7]. - It is noted that no class has been certified yet, and investors are encouraged to select qualified counsel with a successful track record [5].
SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Freeport-McMoran
Newsfile· 2025-11-18 22:38
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Freeport-McMoRan Inc. due to allegations of violations of federal securities laws related to safety issues at the Grasberg Block Cave mine in Indonesia, which resulted in significant investor losses [2][5]. Group 1: Legal Investigation and Claims - The firm is encouraging investors who suffered losses in Freeport-McMoRan to contact them directly to discuss their legal rights [1]. - There is a deadline of January 12, 2026, for investors to seek the role of lead plaintiff in a federal securities class action against Freeport [2]. - The complaint alleges that Freeport and its executives made false or misleading statements regarding safety at the Grasberg mine, which posed a heightened risk to workers [5]. Group 2: Incident and Stock Price Impact - On September 9, 2025, Freeport suspended mining activities at the Grasberg mine after an incident trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [6]. - Following an update on September 24, 2025, revealing two fatalities among the trapped workers, Freeport's stock fell by $7.69, or 17%, to close at $37.67 per share [7]. - Additional news on September 25, 2025, regarding the impact of the production halt on Freeport's relationship with the Indonesian government caused the stock to drop by $2.33, or 6.2%, closing at $35.34 [8][9]. Group 3: Expert Opinions and Class Action Details - An article published on September 28, 2025, suggested that the landslide at the Grasberg mine was preventable, indicating that the risks should have been anticipated [9]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is adequate and typical of class members [9]. - Faruqi & Faruqi encourages anyone with information regarding Freeport's conduct to come forward, including whistleblowers and former employees [10].