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Freeport-McMoRan Posts Profit Gains Despite Sharply Lower Production
WSJ· 2026-01-22 13:38
Core Viewpoint - The copper and gold miner experienced a significant decline in fourth-quarter production due to the ongoing suspension of operations at one of its mines, although higher prices for precious metals contributed to an increase in profits [1] Group 1 - Fourth-quarter production was significantly impacted by the suspension of operations at one of the company's mines [1] - Higher prices for precious metals helped to boost the company's profits despite the production challenges [1]
Metalero Mining Corp. Poised for Transformational Growth in 2026 with Advanced Exploration and Strategic Acquisitions
TMX Newsfile· 2026-01-21 13:30
Core Viewpoint - Metalero Mining Corp. outlines its strategic vision for 2026, focusing on acquiring and exploring high-quality copper and gold assets while emphasizing disciplined project advancement and Indigenous engagement [1][2]. Property Advancement and First Nations Engagement - The Benson Project, a key asset in central British Columbia, has expanded to 173 km² and is positioned for advanced exploration in 2026, benefiting from excellent road access and proximity to historic mines [3]. - The company has engaged with the Lhtako Dene Nation to build respectful relationships, conducting multiple meetings and territory tours to ensure responsible exploration [5]. Exploration Programs and Anticipated 2026 Results - Comprehensive field programs in 2025 are expected to yield significant results in early 2026, guiding exploration plans for the year [6]. - The Cantin target has approximately 30 historical drill holes, with modern soil sampling in 2025 enhancing historical anomalies for gold and copper [7]. - At Sundberg, exploration focused on refining AI-identified targets, with a strong magnetic signature indicating potential mineralization [8]. Financing and Capital Discipline - Metalero successfully completed two oversubscribed financings in 2025, raising approximately $1.23 million, which strengthens its financial position for 2026 exploration initiatives [10]. - The company emphasizes capital discipline, directing funds primarily toward exploration while maintaining a tight share structure [10]. Outlook for 2026 - The company anticipates a productive year with a targeted drill program at the Benson Project to delineate known mineralization and identify new targets [11]. - Metalero will also evaluate potential strategic partnerships and acquisitions to enhance shareholder value while committing to responsible exploration practices [11].
Pacific Empire Reports Final Results from DD25-TRI-001, Confirming 240 Metres Grading 0.93% CuEq
TMX Newsfile· 2026-01-21 13:00
Core Insights - Pacific Empire Minerals Corp. has reported final assay results from diamond drill hole DD25-TRI-001 at the Trident copper-gold project, indicating significant mineralization [1][4][5] Summary by Sections Drill Results - Hole DD25-TRI-001 reached a final depth of 503 metres, with 494 metres of sampled drill core [3] - The full-length results show a near-surface interval extending to 249.0 metres depth, with a composite grade of 0.93% CuEq over 240.0 metres [9][10] - The upper 240.0 metres of the hole is associated with potassic-altered porphyry, indicating a strong porphyry copper-gold system [6][28] Geological Context - The mineralization is characterized by disseminated and fracture-controlled chalcopyrite, with low concentrations of lead, zinc, and arsenic [6] - The lower portion of the hole intersected multiple fault zones, which may influence mineralizing fluid movement [7] Strategic Importance - The Trident drill program is timely due to increasing global copper demand driven by electrification and electric vehicle adoption [28] - The project is located in a mining-friendly jurisdiction, enhancing its exploration potential [28] Corporate Developments - The company is exploring strategic investment opportunities to support ongoing exploration at Trident and Pinnacle [18] - The 2025 drill program is viewed as a critical opportunity in the property's exploration history, with additional assays pending [29][30]
ATEX Provides Notice of Warrant Acceleration
TMX Newsfile· 2026-01-21 12:11
Core Viewpoint - ATEX Resources Inc. has announced the accelerated expiry date of its common share purchase warrants, allowing warrant holders to exercise their warrants earlier than initially planned due to the trading performance of the company's shares [1][4]. Group 1: Warrant Details - On November 1, 2024, the company issued 21,057,477 warrants with an exercise price of C$2.50 per common share, originally set to expire on November 1, 2029 [2]. - The company can accelerate the expiry date of the warrants if the common shares trade at a volume-weighted average price (VWAP) of at least C$3.00 for 20 consecutive trading days [3]. - An acceleration notice was delivered to warrant holders, allowing them until February 20, 2026, to exercise their warrants, after which any unexercised warrants will be cancelled [4]. Group 2: Financial Implications - If all warrants are exercised, the company will receive gross proceeds of approximately C$52.6 million [5]. Group 3: Company Overview - ATEX is exploring the Valeriano Copper-Gold Project located in the Atacama Region, Chile, which is part of a mineral belt known for copper-gold porphyry deposits [6]. - The Valeriano project hosts a significant mineral resource, including 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 [6].
Rapid Growth of High Grade Core Continues at La Verde
Prnewswire· 2026-01-20 12:00
Core Insights - Hot Chili Limited has reported significant assay results from its La Verde copper-gold discovery, highlighting the strategic importance of this project against a backdrop of record copper and gold prices [2][4][12] Drilling Results - The latest diamond drillhole DKD033 recorded 495 meters grading 0.38% copper and 0.10 g/t gold from a depth of 3 meters, including 123 meters grading 0.50% copper and 0.13 g/t gold from 289 meters depth [6][7] - Drillhole DKD034 returned 426 meters grading 0.37% copper and 0.08 g/t gold from 194 meters depth, with notable intersections including 220 meters grading 0.43% copper and 0.10 g/t gold from 322 meters depth [9][6] - The results indicate a significant expansion of La Verde's high-grade core, with further assays pending for six additional drillholes [5][11] Project Significance - Costa Fuego is identified as one of the few independent, large-scale, near-term copper projects globally, with a notable leverage to copper prices; for every US$0.10/lb increase in copper price above US$4.30/lb, the project's NPV increases by approximately US$100 million [3][12] - The addition of La Verde is expected to enhance the financial metrics of Hot Chili's March 2025 Pre-feasibility Study, with long-term consensus prices for copper and gold significantly higher than previous assumptions [12][3] Future Plans - Diamond drilling activities have resumed as of January 12, 2026, with plans to target further expansions of La Verde's high-grade core and additional lateral extensions [13][19] - The company anticipates providing further results as assays are received, indicating ongoing exploration efforts [13][11]
Lara Exploration Announces Atlantica Results Confirm Potential 3km Strike Extension to Planalto Mineralization
TMX Newsfile· 2026-01-19 12:30
Core Insights - Lara Exploration Ltd. has provided an update on the Atlantica exploration license, indicating potential to extend the Planalto resource approximately 3 km southeast from the Silica Cap deposit [1] Exploration and Drilling Activities - Mineração Atlantica Ltda. completed five diamond drill holes totaling 1,754.20 meters from late 2020 to early 2021, with geological relogging and sample analysis data recovered [2] - A soil sampling survey in Q4-2025 identified three distinct anomalous copper zones trending NW-SE through the Atlantica license, with the strongest anomaly located along the granite-intermediate volcanics contact [3] - Resampling of drill cores is ongoing, with significant oxide copper intersections identified in holes DDATL21-002 and DDATL21-004, which coincide with copper soil anomalies [6] Drill Results - Significant copper intersections from the five drill holes include: - Hole DDATL21-002: 35.80 meters at 0.35% Cu from 3.2 meters down hole - Hole DDATL21-004: 17.00 meters at 0.25% Cu from the surface down hole [9] - The ongoing sampling aims to validate historical sampling and analysis data, with a focus on extensions of chalcopyrite zones [7][10] Project Overview - The Planalto Copper-Gold Project is anticipated to be developed as a conventional open pit mine, processing 8 million tons per annum, with an expected production of 560,000 tons (1.2 billion pounds) of copper and 111,000 ounces of gold over an 18-year mine life [13]
Western Copper and Gold Strengthens Leadership Team with Key Technical Appointments
TMX Newsfile· 2026-01-12 12:30
Core Viewpoint - Western Copper and Gold Corporation has appointed Robert Dirk as Chief Operating Officer and Christian Roldan as Vice President, Technical, to strengthen its team for advancing the Casino Project, Canada's largest critical minerals project [1][4]. Group 1: Appointments - Robert Dirk brings 37 years of mining experience, having held senior operational roles at Suncor Energy and served on the executive team for Kaz Minerals' Peschanka project in Russia [2]. - Christian Roldan has over 25 years of international mining experience, previously leading engineering studies at Newmont and advancing the Coffee project in the Yukon [3]. Group 2: Project Significance - The Casino Project is recognized as Canada's premier copper-gold mine and one of the most economically viable greenfield mining projects globally [5]. - The company emphasizes collaboration with First Nations and local communities, utilizing responsible mining technologies and practices [5]. Group 3: Strategic Goals - The appointments of Dirk and Roldan are expected to enhance the company's ability to navigate the permitting process and advance technical work, thereby de-risking the Casino Project [4]. - The company aims to unlock the value of its strategic property following a significant year in 2025 [4].
PAN GLOBAL HOSTING INVESTOR WEBINAR TO DISCUSS MAIDEN COPPER & GOLD MINERAL RESOURCE ESTIMATES AT ESCACENA PROJECT, SPAIN
Prnewswire· 2026-01-08 12:55
Core Viewpoint - Pan Global Resources Inc. is hosting an investor webinar to discuss its maiden copper and gold Mineral Resource Estimates for the La Romana and Cañada Honda deposits at the Escacena Project in southern Spain [1][3]. Company Overview - Pan Global Resources Inc. is focused on exploring copper-rich mineral deposits, along with gold and other metals, in the Iberian Pyrite Belt [7][8]. - The company has a strong team with proven expertise in exploration, discovery, development, and mine operations, committed to safe and environmentally respectful practices [9]. Project Details - The Escacena Project has expanded from 5,760 hectares to over 10,000 hectares, with additional mineral rights awarded in September 2025 [5]. - The project includes the La Romana copper-tin-silver deposit with Measured and Indicated Mineral Resources of 32.4 million tonnes (Mt) containing 119.5 thousand tonnes (kt) of copper (Cu) and Inferred Resources of 4.0 Mt containing 15.8 kt Cu [6]. - The Cañada Honda copper-gold discovery has Inferred Mineral Resources of 5.0 Mt containing 104 thousand ounces (koz) of gold (Au) [6]. Webinar Information - The investor webinar is scheduled for January 12, 2026, at 11 a.m. Eastern Time, featuring key company executives [2][3]. - A Q&A session will follow the presentation, and the event will be recorded for on-demand access [4].
Troilus Delivers on Key Development Milestones in 2025 and Enters a Pivotal Transition Year in 2026
Globenewswire· 2026-01-08 12:00
Core Viewpoint - Troilus Mining Corp. has made significant progress in 2025, achieving key technical, regulatory, organizational, and financing milestones for its Troilus copper-gold project, resulting in a 432% increase in share price over the year and setting a strong foundation for 2026 [2][4]. Development Progress - The company completed basic engineering and transitioned to detailed engineering, submitted its Environmental and Social Impact Assessment (ESIA) at federal and provincial levels, and improved geological confidence through targeted drilling [3][9][10]. - Troilus achieved zero lost-time incidents in 2025 and implemented a modern health and safety framework, enhancing data collection and risk analysis [13]. - The organization was strengthened with key senior appointments across various departments to align with project needs as it moves towards execution [12]. Financing and Commercial Arrangements - Troilus secured indicative expressions of interest totaling approximately US$1.3 billion from global export credit agencies, laying the groundwork for structured project financing [16]. - A senior project debt facility was mandated for up to US$1 billion, with comprehensive due diligence ongoing to finalize the debt package [17]. - The company negotiated preliminary long-term offtake terms with leading copper smelters, reflecting strong demand for responsibly sourced copper [18]. Recognition and Strategic Importance - Troilus was recognized as a project of strategic importance within the critical minerals ecosystem, participating in Canadian government trade missions to Germany, Japan, and South Korea [5]. - The company received the Québec Mineral Exploration Association's Entrepreneur of the Year award, highlighting its progress and execution throughout the year [6]. Outlook for 2026 - The company aims to transition from planning to early construction readiness, focusing on detailed engineering, permitting, financing arrangements, and organizational readiness [7][22]. - Troilus remains committed to responsible project development and operational excellence, with a focus on delivering long-term value for shareholders and stakeholders [23].
NorthWest Reports Near-Surface Intersept of 25.9 Metres Grading 0.91 % Cu, 1.29 g/t Au (2.09% CuEq) From 154 Metres
Globenewswire· 2026-01-05 11:30
Core Insights - NorthWest Copper Corp. reported successful drill results from hole K-25-287 at the Kwanika project, indicating higher-grade mineralization in both the Pit and Central Zones, with a notable intercept of 25.9 meters grading 0.91% Cu and 1.29 g/t Au [1][2] Exploration Program Highlights - The 2025 exploration program aimed to confirm and expand the understanding of higher-grade copper-gold mineralization, achieving significant results with 15 holes drilled, including K-25-287 [6] - The program has demonstrated continuity of higher-grade zones over significant widths, particularly in the Central and Pit Zones, which is expected to enhance the mineral resource update anticipated in Q1 2026 [2][6] Drill Results Summary - Hole K-25-287 intersected multiple higher-grade intervals, including: - Pit Zone 11: 47.5 meters of 1.22% Cu and 0.82 g/t Au (1.99% CuEq) from 96.5 meters [4] - Pit Zone 10: 35.9 meters of 0.81% Cu and 1.03 g/t Au (1.75% CuEq) from 144 meters, including 25.9 meters of 0.91% Cu and 1.29 g/t Au (2.09% CuEq) from 179.9 meters [4] - Central Zone: 32.0 meters of 0.32% Cu and 1.13 g/t Au (1.34% CuEq) from 285 meters [4] Geological Insights - The mineralization at Kwanika is structurally controlled, with distinct higher-grade zones formed along active fault zones, indicating a favorable geological environment for further exploration [3][11] - The exploration has clarified the east-west zonation of mineralization, transitioning from copper-dominant to gold-dominant towards the west [3] Future Developments - The company anticipates an updated preliminary economic assessment (PEA) in mid-2026, which aims to improve upon the previous PEA from 2023, focusing on a more capital-efficient development plan combining open pit and underground methods [2][5]