Market Overview - US equity futures resumed their selloff after a brief bounce, with S&P 500 futures down 0.5% and Nasdaq 100 contracts falling 1.0%, driven by concerns over AI disruption [1] - All major tech stocks in the "Magnificent 7" are lower, with notable declines in Nvidia (-0.9%) and Alphabet (-1.5%) [3] - Energy, financials, industrials, and defensive sectors showed pockets of outperformance amid the broader market decline [1] Corporate News - Activist investor Elliott has built a significant stake in Norwegian Cruise Line, leading to a rise of over 7% in its shares [4] - Apple is set to hold a product launch on March 4, which may impact its stock performance [3] - ImmunityBio shares rose 6% after receiving encouragement from the Saudi Food and Drug Authority to submit a regulatory package for its bladder cancer therapy [4] - Masimo shares surged 34% following reports of a nearly $10 billion acquisition deal by Danaher [4] AI and Technology Sector - Investors are cautious about the profitability of AI spending, with concerns about competition and potential disruptions to various industries [6][7] - A record number of investors believe companies are overspending on AI, with 25% citing an "AI bubble" as a top market risk [10] - Despite selloff concerns, two-year forward earnings estimates for software stocks have risen, indicating resilience in the sector [11] Economic Indicators - Upcoming economic data includes the ADP employment change, Empire State manufacturing survey, and NAHB housing market index for February, which could influence market sentiment [1][22] - The UK unemployment rate rose to 5.2%, leading to increased expectations for a Bank of England rate cut [16] Commodities and Geopolitical Factors - Oil prices rose due to geopolitical tensions, particularly military drills by Iran in the Strait of Hormuz, impacting Brent crude prices [13][48] - Gold prices have declined, with spot gold dropping toward $4,900 an ounce amid a risk-off sentiment [1][48]

and other critical metals powering the global energy transition. Now entering a transformation phase, AMLM is being repositioned as a commodity acquisition and tokenization vehicle to pioneer real-world-asset (RWA) tokenization across gold, lithium, oil, gas, REE's and mining. Information at [American Mineral Resources].FORWARD-LOOKING STATEMENTS:This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than state ...

Core Viewpoint - Erdene Resource Development Corporation announced positive drilling results and updates on technical and economic studies at its Zuun Mod molybdenum-copper project, indicating improved mineralization and resource continuity, which will be included in a Preliminary Economic Assessment (PEA) expected in mid-2026 [2][3][10]. Drilling Results - A 3,362-metre drill program was completed, consisting of 24 holes, with significant results from the upper 150 metres of the Zuun Mod deposit, including multiple intersections of high-grade molybdenum and copper mineralization [4][5]. - Notably, hole ZMD-98 intersected nearly continuous mineralization over 374 metres, averaging 0.066% MoEq, and ended in mineralization at a depth of 450 metres [6][8]. Resource Update - The recent drilling results are expected to enhance the mineral resource estimates for the Zuun Mod project, building on the previous update from October 2025, which reported Measured and Indicated resources of 271.1 million tonnes grading 0.056% Mo and 0.064% Cu [7][19]. - The updated resource model will be utilized for the upcoming PEA, which will also include mining studies and metallurgical testwork [9][10]. Infrastructure and Market Conditions - Improved infrastructure in the Khundii Minerals District and strong demand for molybdenum and copper are favorable for the development of the Zuun Mod deposit [3][10]. - The PEA will consider current market conditions and the long-term outlook for molybdenum and copper, with completion targeted for Q3 2026 [9][10]. Khuvyn Khar Copper Discovery - The company is also developing drill targets for the Khuvyn Khar copper discovery, which is part of the same porphyry system as Zuun Mod, indicating potential for further resource expansion [3][11].

Group 1: Company Overview - Americas Gold and Silver Corporation (NYSE:USAS) is a North American mining company focused on producing silver, copper, and antimony from high-grade operations in the United States and Mexico [4] - The company aims to scale U.S. silver output and serve as a key domestic supplier of antimony, providing leveraged exposure to both precious metals and critical mineral demand trends [4] Group 2: Recent Developments - On February 9, TD Securities initiated coverage of Americas Gold and Silver Corporation with a Buy rating and a C$13 price target, highlighting management's strategy to enhance silver production at the Galena Complex in Idaho [1] - On February 10, 2026, Americas Gold and Silver Corporation announced a joint venture with United States Antimony Corporation to develop a vertically integrated antimony processing facility at the Galena Complex, structured as a 51/49 partnership in favor of Americas [3] - The joint venture aims to enhance shareholder returns by capturing additional value along the supply chain and reinforcing domestic critical-mineral security through a mine-to-finished-product antimony platform [3] Group 3: Market Position and Potential - Americas Gold and Silver is currently the largest producer of antimony in the United States, with significant re-rating potential as it scales production at Galena [1] - The company's consolidated ownership of Galena and the acquisition of the fully permitted Crescent Silver Mine position it to build scale in U.S. silver and antimony production, supporting a compelling growth narrative [3]

Core Viewpoint - Global Energy Metals Corporation has announced a non-binding Memorandum of Understanding (MOU) with Austral Resources Australia Ltd for a strategic alliance regarding the toll treatment of ore from the Millennium Copper Cobalt Gold Graphite Project at Austral's Rocklands processing facility, which is located approximately 19 kilometers away from Millennium [1][2][3] Group 1: MOU Details - The MOU allows both parties to collaboratively assess the technical, commercial, logistics, and feasibility aspects of toll treatment of Millennium ore at Rocklands [4] - The MOU is non-binding and non-exclusive, meaning it does not commit either party to a formal transaction, and any binding agreement will require due diligence and feasibility analysis [4] Group 2: Project Significance - The MOU enhances Austral's strategy to establish Rocklands as a regional processing hub, which could improve early mill feed options and restart planning [5] - Access to third-party ore could accelerate throughput ramp-up and reduce operating costs, leading to stronger returns on existing infrastructure [5] Group 3: Millennium Project Overview - The Millennium Project holds a JORC 2012 Mineral Resource Estimate of 8.4 million tonnes at 0.09% cobalt, 0.29% copper, and 0.12 grams per tonne gold, equating to a 1.23% copper equivalent [3][6] - Global Energy Metals holds a 49% interest in Millennium and is fully carried on exploration costs as part of Metal Bank's earn-in for 80% of the project [3] Group 4: Future Exploration and Development - An application for an additional mining lease has been lodged to facilitate further exploration and operations for cobalt, copper, gold, and graphite resources [6][13] - The company is assessing the potential for further value from the Millennium Project by developing graphite potential, including surface mapping and metallurgical testing [13]

Zambia’s state mining company is developing plans to start trading commodities to capture more value from building competition over the country’s mineral wealth https://t.co/rzeUvulRjg ...

Core Viewpoint - Sherritt International Corporation has announced a reduction in operations at its joint venture in Moa, Cuba, due to fuel supply constraints affecting the country [1] Group 1: Operational Changes - The Corporation expects to pause mining operations and place the processing plant on standby within the next week [1] - Planned maintenance activities will be performed during the standby period [1] Group 2: Fuel Supply Issues - The Corporation has received notification that planned fuel deliveries for Moa will not be fulfilled [1]

Core Viewpoint - BHP Group Ltd. has entered into a $4.3-billion silver streaming agreement with Wheaton Precious Metals, marking the most valuable precious-metals streaming transaction to date [1] Group 1: Transaction Details - The streaming agreement involves an upfront payment of $4.3 billion from Wheaton to BHP, along with ongoing payments equal to 20% of the spot silver price for each ounce delivered [3] - The agreement covers 33.75% of Antamina's silver output attributable to BHP, which will decline to 22.5% after 100 million ounces have been delivered [3] - The transaction is set to take effect on April 1, 2026, pending regulatory approvals [5] Group 2: Strategic Implications - This agreement allows BHP to monetize silver as a byproduct from the Antamina mine while maintaining full exposure to its primary copper, zinc, and lead production [4] - The demand for silver has increased due to its applications in solar panels, electronics, and electrification technologies, amidst a backdrop of production deficits in the market [5] Group 3: Market Reaction - BHP Group shares experienced a slight decline of 0.35% to $73.12 during premarket trading, nearing its 52-week high of $75.14 [6] - Wheaton Precious Metals shares fell by 2.71% to $141.94 [6]

Core Insights - Hecla Mining Company is expected to report quarterly earnings on February 17, 2026, with an EPS of $0.163 and revenue of approximately $400.75 million, indicating significant year-over-year growth [1][6] - The anticipated earnings represent a 250% increase from the previous year, with revenue expected to rise by 43.6% to $358.5 million, supported by a 5% increase in silver production [2][6] Financial Performance - Hecla has consistently exceeded the Zacks Consensus Estimate in its last four earnings reports, despite facing challenges such as rising all-in sustaining costs and labor expenses [3] - The company's stock has increased by 62% over the past three months, driven by higher silver output, strategic asset sales, and strong cash flow [3] - Hecla has reduced its net leverage to 0.3x and agreed to sell its Casa Berardi asset for $593 million, although it has underperformed compared to peers like Avino Silver and Gold Mines Ltd. and First Majestic Silver Corp. [4] Stock Performance - The stock recently closed at $23.94, below its 52-week high of $34.17 but significantly above its 52-week low of $4.46, and is trading above both its 50-day and 200-day moving averages [5] - Financial metrics include a P/E ratio of 48.95, a price-to-sales ratio of 12.37, and a debt-to-equity ratio of 0.12, indicating a relatively low level of debt compared to equity [5]

Core Viewpoint - BHP Group reported a stronger-than-expected half-year underlying profit, primarily driven by copper, which has now surpassed iron ore in earnings for the first time, due to increased demand fueled by AI and cleaner energy initiatives [1][2]. Financial Performance - First-half underlying attributable profit rose 22% to $6.20 billion, exceeding the Visible Alpha consensus of $6.03 billion [3]. - BHP declared an interim dividend of 73 cents per share, surpassing market estimates of 63 cents, with a payout ratio of 60% [3]. - Copper, including byproducts, contributed $7.95 billion to operating earnings, higher than iron ore's $7.50 billion, making up 51% of total underlying operating earnings of $15.46 billion [3]. Market Dynamics - Demand for copper is surging due to rapid growth in power use for AI data centers and the transition to cleaner energy, leading to increased competition among mining companies for high-quality copper assets [2]. - A 32% increase in realized copper prices, along with higher prices for precious metals, significantly boosted profits [4]. - Iron ore prices have recently hit a seven-month low, and unit costs for iron ore increased by 7% to $19.41 per metric ton [4][5]. Strategic Focus - BHP is focusing on organic growth options for copper and does not feel pressured to pursue mergers and acquisitions, having previously walked away from a potential acquisition of Anglo American [7]. - The company has raised its copper production forecast for the year to between 1.9 million and 2 million tons, citing strong operational performance [8]. - BHP announced an $18 billion multi-year investment plan to develop copper, gold, and silver mining projects in northern Argentina, with potential peak copper production exceeding 500,000 tons annually [9]. Partnerships and Agreements - BHP entered a silver streaming agreement with Wheaton Precious Metals for an upfront payment of $4.3 billion, part of a targeted $10 billion to be raised from existing assets to potentially enhance dividend payouts [11].