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FCX LAWSUIT ALERT: Freeport-McMoRan Inc. Hit with Securities Fraud Class Action after Safety Issues – Contact BFA Law if You Suffered Losses
Globenewswire· 2025-12-09 13:33
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Freeport-McMoRan Inc. is a mining company with its Indonesian affiliate operating as PT Freeport Indonesia, which manages the Grasberg Copper and Gold Mine [4]. Allegations - The lawsuit alleges that Freeport overstated its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [5]. Stock Performance - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [6]. - On September 24, 2025, after an update on the incident revealed two fatalities and operational suspensions, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, reports of strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, indicated that the landslide was preventable, further impacting investor confidence [9].
Kodiak Reaches Key Milestone with Initial Mineral Resource Estimate at the MPD Copper-Gold Project
Newsfile· 2025-12-09 11:00
Core Insights - Kodiak Copper Corp. has announced the initial Mineral Resource estimate for its 100%-owned MPD copper-gold project, which includes seven deposits, marking a significant milestone in the project's development [1][5][25] Resource Estimate Summary - The total Indicated Mineral Resource is 82.9 million tonnes (Mt) with a grade of 0.39% copper equivalent (CuEq), equating to 519 million pounds (Mlb) of copper and 0.39 million ounces (Moz) of gold [5][10] - The total Inferred Mineral Resource is 356.3 million tonnes (Mt) with a grade of 0.32% CuEq, amounting to 1,889 million pounds (Mlb) of copper and 1.28 million ounces (Moz) of gold [5][10] - The resource estimates for the West, Adit, and South deposits were reported recently, complementing earlier estimates for the Gate, Ketchan, Man, and Dillard deposits [5][10] Project Characteristics - The West and Adit deposits feature high-grade mineralization from surface, while the South deposit is a large bulk tonnage deposit over 1 km in length that remains underexplored [5][6] - All deposits are characterized by shallow mineralization and favorable geometry, which are expected to support low strip ratios in future economic evaluations [5][6] Future Plans - Kodiak plans to focus on resource growth in 2026, including testing numerous underexplored targets on the MPD property, which presents opportunities for discovering new mineralized zones [5][6][18] - The exploration program will prioritize resource expansion and test multiple target areas, with approximately 20 targets currently identified on the property [6][18] Economic Potential - The MPD project is located in a well-established, low-cost mining district in southern British Columbia, enhancing its economic potential [6][25] - The initial Mineral Resource estimate indicates considerable scale and strong growth potential, consistent with leading copper porphyry projects in North America [6][25]
Drilling hits wide zone of mineralisation in new area well outside resource
Globenewswire· 2025-12-07 22:06
Core Viewpoint - Cygnus Metals Limited has reported a significant mineral intersection of 28.9 meters at 2.5 g/t AuEq, located just 200 meters from the surface at its Chibougamau Copper-Gold Project in Quebec, indicating potential for resource growth and the discovery of a new parallel mineralized zone [1][3][4]. Group 1: Exploration Results - The recent drilling at the Cedar Bay deposit has revealed a wide zone of strong mineralization, with results including 28.9m at 2.5g/t AuEq (1.0g/t Au, 1.0% Cu, and 12.0g/t Ag) [5][6]. - Follow-up drilling is set to commence next week to further explore the extent of this new mineralized zone [6][7]. - The Chibougamau District has a historical production record of 945,000 tons of copper and 3.5 million ounces of gold, showcasing its strong discovery potential [6][7]. Group 2: Resource Growth and Estimates - Cygnus has increased its global resource by 29%, with the current Mineral Resource Estimate (MRE) totaling 6.4 million tons at 3.0% CuEq for 193,000 tons CuEq (Measured and Indicated) and 8.5 million tons at 3.5% CuEq for 295,000 tons CuEq (Inferred) [6][8]. - The ongoing drilling aims to enhance the MRE and solidify Cedar Bay as a key component in the development of the Chibougamau Project [8][9]. - The current MRE includes significant grades, with the Cedar Bay resource being gold-dominant, containing 67,000 ounces at 8.1 g/t AuEq (Indicated) and 205,000 ounces at 7.8 g/t AuEq (Inferred) [6][8]. Group 3: Infrastructure and Development Potential - The Chibougamau area is equipped with established infrastructure, including a 900,000 tons per annum processing facility, sealed highways, an airport, and regional rail infrastructure, providing a significant advantage for copper-gold development [10][14]. - The processing facility is the only base metal processing facility within a 250 km radius, which includes several other advanced copper and gold projects [10][14]. - Cygnus is focused on advancing economic studies to drive resource growth and move towards the development phase of the Chibougamau Project [4][9].
Elemental signs option agreement for Hachita porphyry copper-gold project sale
Yahoo Finance· 2025-12-05 10:40
Elemental Royalty subsidiary Bronco Creek Exploration has entered into an option agreement with First Quantum Minerals for the sale of the Hachita porphyry copper-gold project in south-western New Mexico, US. The Hachita project is located around 95km south-east of Lordsburg, within the Sylvanite mining district. The project targets Laramide porphyry copper-gold and skarn mineralisation in an underexplored area on the eastern side of the Laramide porphyry belt, expanding exploration coverage across a reg ...
Western Copper and Gold Partners with Little Salmon Carmacks First Nation to Support School and Daycare Meal Programs
Newsfile· 2025-12-04 12:30
Core Points - Western Copper and Gold Corporation has contributed $75,000 to support meal and nutrition programs for the Tantalus Community School and Little Salmon Carmacks First Nation Daycare for the 2025/26 school year [1][3] - The funding aims to ensure that children in Carmacks have access to reliable and healthy food, addressing challenges faced by school nutrition programs due to recent changes in federal support funding [2][4] - The contribution is part of the company's community investment program, Casino Cares, which focuses on youth, education, and community well-being across the Yukon [4][5] Company Commitment - Western Copper and Gold Corporation emphasizes the importance of strong community relationships and is committed to supporting initiatives that enhance opportunities for youth and contribute to a positive legacy [5][10] - The company is advancing the Casino Project, which is recognized as one of the most economic greenfield copper-gold mining projects globally, while maintaining a collaborative approach with First Nations and local communities [10] Community Impact - Little Salmon Carmacks First Nation has prioritized health and wellness programs for children and families, providing daily access to nutritious meals through its initiatives [6][8] - The First Nation advocates for sustainable, long-term solutions to education and nutrition funding, aiming to maintain consistent programs that support student success [9]
FireFly set for nine-rig exploration and growth campaign after highly successful ~A$139m raising
Globenewswire· 2025-12-03 23:22
Proceeds will be used to continue growing and upgrading the Mineral Resource and advance Upscaled Economic Studies in lead up to a Final Investment DecisionNot for distribution to U.S. news wire services or dissemination in the United States. Green Bay Copper-Gold Project, Canada FireFly has received firm commitments totalling approximately A$134.1m (before costs) via a Charity Flow-Through Placement, Institutional Placement, and Canadian bought deal financingFireFly also intends to undertake a non-underwri ...
ATEX Provides Corporate Update
Newsfile· 2025-11-27 21:54
Core Points - ATEX Resources Inc. has granted a total of 1,994,261 incentive stock options to employees, with 990,245 options granted to officers, each at an exercise price of $2.60 over five years [1] - The company has also granted 262,096 restricted share units (RSUs) to directors and 389,280 RSUs to employees, with specific vesting schedules [1] - ATEX's common shares are now eligible for electronic clearing and settlement in the U.S. through the Depository Trust Company (DTC), enhancing liquidity [2][3] - The company's shares began trading on the OTCQB under the ticker symbol "ATXRF" on September 23, 2025, while continuing to trade on the TSX Venture Exchange under "ATX" [2] Company Overview - ATEX is exploring the Valeriano Copper-Gold Project located in the Atacama Region, Chile, within a significant copper-gold porphyry mineral belt [4] - The Valeriano project hosts an Indicated Resource of 475 million tonnes at 0.88% CuEq and an Inferred Resource of 1,511 million tonnes at 0.75% CuEq, as reported on September 23, 2025 [4]
NorthWest Reports Results from Two Holes at Its Kwanika Property Highlighted by 26 Metres of 0.72% Copper and 1.30 g/t Gold (1.91% CuEq) from 268 Metres
Globenewswire· 2025-11-27 15:07
Core Viewpoint - NorthWest Copper Corp. announced positive drill results from its Kwanika project, confirming the presence of higher-grade copper-gold mineralization and enhancing the project's open pit potential [1][2][3]. Group 1: Drill Results - Drill hole K-25-281 reported an intercept of 26 metres grading 0.72% Cu and 1.30 g/t Au, with a copper equivalent (CuEq) of 1.91% [1]. - Drill hole K-25-282 showed 75.7 metres of 0.93% Cu and 0.30 g/t Au, with a CuEq of 1.23% [4][20]. - Both holes demonstrated broad intervals of near-surface mineralization, indicating strong potential for a high-grade starter pit [2][4]. Group 2: Strategic Focus - The company shifted its strategy in 2025 to prioritize higher-grade zones within the existing mineralization at Kwanika, aiming to enhance the economics of a future Preliminary Economic Assessment (PEA) [3][7]. - The exploration program is designed to confirm and expand the understanding of higher-grade copper-gold mineralization, supporting alternative bulk mining methods [7][6]. Group 3: Geological Insights - Hole K-25-281 extended the upper Central Zone by 30 metres to the northeast, confirming higher-grade mineralization over substantial thicknesses [5][16]. - A potential link between the Central Zone and Pit Zone was identified, with increasing gold-to-copper ratios observed [6][19]. - Hole K-25-282 confirmed a separate, copper-dominant high-grade mineralized zone within the Pit Zone, which may extend toward the Central Zone [19][17]. Group 4: Future Plans - The company anticipates announcing initial metallurgical test results by the end of the year, which will support an updated mineral resource estimate [3]. - The objective is to deliver a more capital-efficient and economically robust development plan in the updated PEA compared to the previous assessment [3].
First Diamond Drillhole Confirms Gold-Rich Major Copper Discovery in Coastal Chile
Prnewswire· 2025-11-27 12:00
Core Insights - Hot Chili Limited has reported significant drilling results from its La Verde copper-gold discovery, indicating a promising expansion of its mineral resource base and future operational scale [2][4][10] Drilling Update - The second phase of diamond drilling commenced on September 22, 2025, with six drillholes completed, aiming to extend the initial discovery footprint of +0.2% Cu by 750 m laterally and 400 m in depth [3][4][8] - The standout result from drillhole DKD032 showed 529 m grading 0.41% Cu and 0.21 g/t Au, with notable intervals including 148 m grading 0.60% Cu and 0.30 g/t Au from 70 m depth [5][6] Mineralization Insights - The new drill results confirm the convergence of higher-grade Cu-Au mineralization centers at depth, significantly expanding the vertical and lateral extent of the northeastern higher-grade mineralization center [6][8] - The vertical extent of the mineralization system has been pushed to approximately 600 m deep, with further lateral growth to the east and west [8] Future Implications - The drilling results have implications for the growth of Hot Chili's Costa Fuego Mineral Resource base, potentially adding significant open pit material to the mine schedule and enhancing financial metrics for the March 2025 Pre-feasibility Study [4][10] - Assay results for five remaining diamond drillholes are pending, with expectations for further updates in the coming weeks [9][10]
Atico Reports Multiple High-Grade Intercepts up to 8.70m of 11.44% Cu, 14.65 g/t Au and 6.16m of 13.32% Cu, 2.79 g/t Au and Continues to Extend the Ore Body at El Roble Mine in Colombia
Globenewswire· 2025-11-24 13:00
Core Insights - Atico Mining Corporation announced positive results from 19 drill holes at the El Roble mine, indicating potential for expanding tonnage and discovering new mineralization [1][2] - The ongoing drilling campaign aims to enhance confidence in the presence of high-grade copper and gold mineralization within and beyond historically defined bodies [2] Exploration Drilling Results - Significant assay results include: - Hole ATDM-061: 8.70m of 11.44% Cu and 14.65 g/t Au - Hole ATDM-037: 6.16m of 13.32% Cu and 2.79 g/t Au - Other notable intercepts range from 1.2m to 16.7m with varying copper and gold grades [1][3] Drilling Program Objectives - The 2025 underground drilling program focuses on defining mineralization zones within the main historic massive sulphide body and exploring for new bodies [4] - The program has completed 885.6 meters of drilling in 2025, continuing from the initial phase that began in early 2023 [4] El Roble Mine Overview - The El Roble mine is a high-grade underground copper and gold mine with a processing capacity of 1,000 tonnes per day, located in Colombia [7] - Proven and Probable reserves are estimated at 1.00 million tonnes with a grade of 3.02% copper and 1.76 g/t gold, with mineralization open at depth and along strike [8] Geological Context - Atico has identified a significant stratigraphic contact over ten kilometers, which is crucial for VMS mineralization, and is currently the focus of surface drilling [9]