Core Viewpoint - District Metals Corp. has received notice from Boliden Mineral AB regarding the termination of the Option Agreement for the Tomtebo and Stollberg base metal properties, resulting in District retaining full ownership of the Tomtebo Property while Boliden retains the Stollberg Property [1][2]. Group 1: Option Agreement Details - The Option Agreement, signed in October 2023, allowed Boliden to earn up to an 85% interest in the Tomtebo Property by spending up to CAD$10 million over four years [2]. - Following Boliden's withdrawal, District will maintain a 100% interest in the Tomtebo Property, while Boliden will keep a 100% interest in the Stollberg Property [2]. Group 2: Company Statements - The CEO of District expressed disappointment over Boliden's decision but acknowledged the positive partnership and technical progress made during the collaboration [4]. - District remains optimistic about the exploration results at the now fully owned Tomtebo Property, highlighting advancements in understanding the mineralized systems and potential for discovering new high-grade mineralization [5]. Group 3: Technical Information - All scientific and technical information in the release has been prepared or approved by the President and CEO of District, who is a qualified person under National Instrument 43-101 [6]. - The Tomtebo Property is located in the Bergslagen Mining District, situated between the historical Falun Mine and Boliden's Garpenberg Mine, with a geological trend that shows similarities to other significant mines in the area [11].

Financial Performance - The company reported a net loss of $1.2 million for the quarter ended June 30, 2025, compared to a net loss of $0.7 million for the same period in 2024 [1][2] - For the six-month period ended June 30, 2025, the net loss was $2.0 million, an increase from a net loss of $1.0 million for the same period in the prior year [2] Exploration and Development Costs - Capitalized exploration and development costs for the Tamarack Nickel-Copper-Cobalt Project for the quarter ended June 30, 2025, amounted to $5.0 million, down from $6.1 million for the same period in 2024 [3] - The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project as of June 30, 2025, is $230.5 million [3] Company Overview - Talon Metals Corp. is a TSX-listed base metals company in a joint venture with Rio Tinto on the Tamarack Nickel-Copper-Cobalt Project located in central Minnesota [5] - The company has an earn-in right to acquire up to 60% of the Tamarack Nickel Project and currently owns 51% [5] - Talon has secured significant funding, including a $114.8 million grant from the US Department of Energy and a $20.6 million grant from the US Department of Defense [5]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings and revenues for Lundin Mining in the upcoming earnings report, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Lundin Mining is expected to report quarterly earnings of $0.10 per share, reflecting a 37.5% decrease year-over-year, and revenues are projected at $843.02 million, down 22.2% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 31.67% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative Earnings ESP reading can indicate the likely deviation from consensus estimates, with a positive reading being a strong predictor of an earnings beat [9][10]. Current Earnings ESP and Zacks Rank - For Lundin, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -10.73%, and the stock holds a Zacks Rank of 3, complicating predictions for an earnings beat [12]. Historical Performance - Lundin has not exceeded consensus EPS estimates in the last four quarters, with the last reported quarter matching expectations with earnings of $0.11 per share [13][14]. Market Reaction Factors - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [15].

Core Insights - District Metals Corp. reported significant drill assay results from the Tomtebo Property, indicating extensive polymetallic mineralization, particularly highlighting an intersection of 7.85 meters at 88 g/t silver, 3.0% zinc, and 1.9% lead in drill hole TOM-25-045 [9][10]. Group 1: Drilling Program Overview - A total of 2,485 meters were drilled across five holes at the Steffenburgs zone and Kvistaberget target, part of a collaboration with Boliden Mineral AB [2]. - The drilling aimed to systematically test the broader Steffenburgs zone for high-grade sea floor massive sulphide lenses, with aggressive step outs of 150 meters at depth [3]. - Geological mapping and geochemical sampling indicated that the Volcanic Massive Sulphide (VMS) mineralized horizon extends into the Kvistaberget target area, which had not been previously drill tested [4]. Group 2: Significant Drill Results - Drill hole TOM-25-044 intersected multiple zones of chalcopyrite mineralization, including 0.40 m at 4.3% Cu, 34 g/t Ag, and 0.66 g/t Au, and 13.0 m at 36 g/t Ag, 2.0% Zn, and 0.8% Pb [7]. - Drill hole TOM-25-045 revealed 7.85 m at 88 g/t Ag, 3.0% Zn, and 1.9% Pb, interpreted as part of the prospective VMS mineralized horizon [7][9]. - Down-hole electromagnetic surveys indicated multiple off-hole conductors, suggesting further sulphide mineralization [8][10]. Group 3: Future Exploration Plans - Drilling at the historic Lövås Mine is scheduled to commence in September 2025, targeting substantial base metal polymetallic mineralization below the mine workings [11][13]. - The Kvistaberget drilling did not yield significant mineralization, with only weakly disseminated chalcopyrite found in one hole [12]. - The integration of down-hole EM surveys has provided compelling targets for follow-up drilling, validating the geological model and exploration strategy [10].

Investment Rating - The report maintains a cautious outlook on the overall market, with a specific focus on iron ore, indicating potential upside if property support is provided in China [6]. Core Insights - China's GDP growth for the June quarter was reported at +5.2% year-on-year, slightly above the consensus of +5.1%, driven by front-loading of exports and earlier government bond issuance [1]. - Industrial production growth accelerated to 6.8% year-on-year, surpassing the consensus of 5.6%, while retail sales growth slowed to 4.8%, below the expected 5.3% [3]. - The property sector shows signs of weakness, with starts and sales down 20% and 15% year-on-year, respectively, leading to concerns about sentiment risk if significant stimulus is not implemented [2]. - Iron ore prices are expected to stabilize within the US$90-100 per ton range, supported by potential property policy support, despite an increase in supply [2]. - The electric vehicle (EV) sector remains robust, with EV output growing by 21% year-on-year, indicating strong demand in the automotive sector [5]. Summary by Sections Mining Strategy - The report highlights mixed economic indicators for China, with a focus on the property sector's impact on overall market sentiment [1]. Iron Ore - Following a decline in property signals, the China Urban Work Conference indicated a shift in urban development focus, which may affect iron ore demand [2]. - Iron ore prices could benefit from any incremental property support, despite a projected increase in supply [2]. Base Metals - Industrial production growth is strong, but retail sales are weaker than expected, suggesting that stimulus measures may need to be reevaluated [3]. Coal - The coal sector faces persistent oversupply, with production increasing by 3% year-on-year, leading to bearish fundamentals in the near term [4]. Battery Raw Materials - The EV market continues to show strength, with significant year-on-year growth in output, supported by favorable trade conditions [5]. UBS View - The report suggests a cautious approach to investments, with a focus on iron ore as a potential area for upside if property support is realized [6].

Royal Gold Commits to Acquire Royalties on Serrote and Santa Rita Mines Producing base metal mines expected to provide attractive long-term precious metal royalty exposure June 12, 2023 Cautionary Statements Forward-Looking Statements: This press release 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 ...

Core Points - Trilogy Metals Inc. has filed a final short form base shelf prospectus and a corresponding shelf registration statement allowing for the future issuance of up to US$50,000,000 in various securities [1][2] - The base shelf prospectus will be valid for a 25-month period in Canada, while the US shelf registration statement is effective for three years [1] - The intention behind these filings is to enable the company to access capital more quickly as market opportunities arise [2] Securities Offering - The securities covered by the base shelf prospectus will be offered solely through a prospectus and accompanying prospectus supplement [3] - Copies of the base shelf prospectus and shelf registration statement are available on SEDAR+ and EDGAR, and can also be obtained by contacting the company's Corporate Secretary [3]