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Investor Alert: Robbins LLP Informs Investors of the Tronox Holdings PLC Class Action Lawsuit
Prnewswire· 2025-09-04 21:21
Core Viewpoint - A class action lawsuit has been filed against Tronox Holdings PLC for allegedly failing to disclose accurate business prospects and misleading investors regarding its revenue outlook and growth potential [1][2]. Group 1: Allegations and Financial Impact - The complaint claims that Tronox misrepresented its ability to forecast demand for its titanium dioxide (TiO2) and zircon products, leading to an unrealistic portrayal of its margin growth goals [2]. - On July 30, 2025, Tronox reported a significant decline in TiO2 sales, attributing it to a weaker coatings season and increased competition, which led to a revision of its 2025 financial outlook and a 60% reduction in dividends [3]. - Following the announcement, Tronox's stock price plummeted from $5.14 to $3.19 per share, marking a decline of approximately 38% [3]. Group 2: Class Action Participation - Shareholders interested in participating in the class action must file their papers by November 3, 2025, to serve as lead plaintiff, representing other class members in the litigation [4]. - Shareholders can remain absent class members and still be eligible for recovery without taking any action [4]. Group 3: Company Background - Robbins LLP, the firm leading the class action, specializes in shareholder rights litigation and has been active in helping shareholders recover losses and improve corporate governance since 2002 [5].
Summary Notice of Proposed Settlement of Derivative Actions
Globenewswire· 2025-08-28 21:58
Core Points - Compass Minerals is involved in a settlement of consolidated derivative actions, which is subject to approval by the U.S. District Court for the District of Kansas [2][4] - The settlement includes corporate governance reforms to be adopted by the Board within 30 days after final approval [2][3] - The settlement is deemed to confer substantial benefits to Compass and its shareholders, and is considered fair and reasonable [3] Settlement Details - The settlement hearing is scheduled for October 14, 2025, where the Court will evaluate the fairness and adequacy of the settlement [4] - Plaintiffs' Counsel will seek approval for attorneys' fees amounting to $1,400,000 and service awards of up to $2,000 for each of the two plaintiffs [7] - Current stockholders have the option to appear at the hearing and must follow specific procedures to object to the settlement or fee requests [6][9] Objection Procedures - Written objections must be filed with the Court and sent to Plaintiffs' Counsel at least 14 days before the hearing [10][11] - Failure to object in the prescribed manner will result in waiving the right to contest the settlement [12] - The notice provides contact information for Plaintiffs' Counsel for any inquiries regarding the settlement [16]
CEO.CA's Inside the Boardroom: The Tungsten Supply Gap in the West and Allied Critical Metals' Response
Newsfile· 2025-08-22 14:32
Core Insights - The article discusses the critical tungsten supply gap in North America, highlighting that the region consumes the most tungsten globally but produces none domestically, while China controls 85% of the world supply and is restricting exports [4][5]. Industry Overview - Tungsten prices have nearly doubled in the last two years, increasing from $300 to $485 per metric ton, indicating a significant rise in demand and potential supply chain vulnerabilities [4]. Company Strategy - Allied Critical Metals Inc. is positioning itself to become a reliable tungsten producer outside of China by building connections with the U.S. military and fast-tracking production in Portugal, aligning with national security priorities regarding supply chain resilience [5].
M2i Global to spearhead US Strategic Minerals Reserve in Nevada
Proactiveinvestors NA· 2025-08-21 13:34
Company Overview - Proactive is a publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking and enthusiastic adopter of technology, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Titan Announces Results of its Annual Shareholders' Meeting
GlobeNewswire News Room· 2025-08-20 21:14
Group 1 - Titan Mining Corporation held its annual meeting of shareholders on August 20, 2025, where all matters presented for approval were approved [1] - The election results for the Board of Directors showed that John Boehner and Donald R. Taylor received 99.99% of votes in favor, while Lenard Boggio and George Pataki received 92.07% [1] - The company reported that Richard Warke received 97.66% of votes in favor, with a total of 83,459,159 votes [1] Group 2 - Titan Mining Corporation is a subsidiary of Augusta Group, producing zinc concentrate at its 100%-owned Empire State Mine in New York [2] - The company is also emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of natural flake graphite in the USA in 70 years [2] - Titan's commitment is focused on developing critical minerals assets to enhance the security of the domestic supply chain and deliver shareholder value through operational excellence [2]
Antimony surge highlights North American supply gap
Proactiveinvestors NA· 2025-08-20 15:24
Core Insights - Antimony has become a strategically important and volatile mineral in 2025, used in various applications including flame retardants, military equipment, and electric vehicle batteries, amid a global supply crisis driving prices to historic highs [1] Supply and Demand Dynamics - Antimony prices have surged over 800% compared to 2020, driven by supply shocks, rising demand, and geopolitical tensions, particularly due to China's export controls [2] - China accounts for over 70% of global antimony production and refining capacity, and its export halt in March 2025 led to immediate price spikes of 50% or more, creating a two-tiered pricing system [2] - Global antimony output dropped more than 21% in June 2025, exacerbating supply shortages in the US, Japan, and Europe [3] Industry Demand and Alternatives - Annual antimony demand is estimated at 230,000 to 240,000 tonnes, with a significant portion needed for high-purity applications, which are difficult to source outside of China [4] - The antimony crisis reflects previous disruptions in rare earth elements, prompting governments and companies to seek alternative sources [5] New Projects and Initiatives - Canagold Resources Ltd's New Polaris project in British Columbia contains over 5,000 tonnes of antimony alongside gold, with potential additional value estimated at $200 to $300 million [7] - The company is conducting metallurgical tests to produce a gold-antimony concentrate, aiming to create a new revenue stream [8] - Strong support from Canadian and US governments is noted for developing domestic antimony sources to address supply gaps [9] Future Outlook - Supply volatility and price pressure are expected to persist, particularly affecting industries reliant on antimony, such as battery manufacturing and defense [10] - The effectiveness of projects like New Polaris in closing the antimony supply gap remains uncertain, but ongoing price surges and demand suggest a need for investment in a more resilient supply chain [11]
African Rainbow Minerals Limited to Acquire Shares of Surge Copper Corp.
Globenewswire· 2025-08-15 14:35
Group 1 - African Rainbow Minerals Limited (ARM) has signed a subscription agreement to purchase 25,781,715 common shares of Surge Copper Corp. at a price of C$0.175 per share, totaling approximately C$4,511,800.13 [1] - Following the completion of the private placement, ARM will own 68,737,482 common shares, representing approximately 19.9% of the issued and outstanding common shares on a non-diluted basis [3] - ARM's cumulative investment in Surge, including previous purchases, will amount to C$4,749,153.08 after the private placement and top-up offering [4] Group 2 - Prior to the subscription agreement, ARM held 42,955,767 common shares, which represented approximately 13.44% of the issued and outstanding common shares [2] - ARM's investment strategy includes the potential to acquire additional common shares or dispose of some or all of its holdings in Surge [4] - An early warning report will be filed by ARM in accordance with applicable securities laws [5] Group 3 - ARM is a diversified mining and minerals company based in South Africa, with operations in mining and beneficiation of various minerals [6]
FIRST QUANTUM MINERALS ANNOUNCES CASH TENDER OFFER TO PURCHASE ANY AND ALL OF ITS OUTSTANDING 6.875% SENIOR NOTES DUE 2027
Prnewswire· 2025-08-06 11:52
Core Viewpoint - First Quantum Minerals Ltd. has initiated a cash tender offer to purchase all outstanding 6.875% Senior Notes due 2027, with the offer set to expire on August 12, 2025 [1][2]. Tender Offer Details - The tender offer will expire at 5:00 PM New York City time on August 12, 2025, and the consideration for each $1,000 principal amount of notes tendered will be calculated based on a fixed spread plus the yield of a specified U.S. Treasury Reference Security [2]. - Holders who validly tender their notes will receive a cash amount equal to accrued and unpaid interest from the last interest payment date up to the Settlement Date [2][3]. - Notes can be withdrawn at any time prior to the Expiration Date, and any accepted notes will be canceled upon completion of the tender offer [3]. Financial Strategy - The purpose of the tender offer is part of a refinancing transaction, where the company expects to issue new senior notes to fund the purchase of the existing notes and redeem any not tendered [6]. - The company intends to redeem any notes not validly tendered on or after October 15, 2025, at a redemption price of 100.000% plus accrued interest [7]. - If at least 90% of the outstanding notes are tendered, all remaining holders will be deemed to have consented to the tender offer, allowing the company to redeem all remaining notes [8]. Conditions and Amendments - The tender offer is subject to the successful completion of the new notes issuance and other conditions outlined in the Offer to Purchase [9]. - The company reserves the right to amend or waive any conditions of the tender offer, extend the expiration date, or modify the terms of the offer [10].
Midasco Capital Corp. Completes Acquisition of Tungsten and Critical Metals Project from Ridgeline Minerals
Thenewswire· 2025-07-31 16:00
Core Viewpoint - Midasco Capital Corp. has completed the acquisition of Spartan Exploration Nevada Corporation and has changed its name to Spartan Metals Corp, focusing on critical minerals projects in the Western United States [2][6]. Company Overview - Spartan Metals Corp. is now a Tier 2 mining issuer on the TSX Venture Exchange, with a new ticker symbol "W" expected to begin trading on or about August 5, 2025 [6]. - The company is focused on developing critical minerals projects, particularly in tungsten, rubidium, antimony, bismuth, and arsenic [14]. Acquisition Details - Midasco acquired 100% of Spartan, which holds 244 lode mineral claims in White Pine County, Nevada, known as the Eagle Property [2][3]. - The Eagle Property is recognized for its high-grade tungsten production, with historical operations reporting 8,352 tonnes of tungsten trioxide at average grades of 0.6-1.0% from 1917 to 1956 [3][15]. - As part of the acquisition agreement, Midasco issued 5,830,466 common shares to Ridgeline, representing 19.9% of Midasco's total shares [4][8]. Financial Terms - Ridgeline will receive additional shares on the one-year anniversary of the closing, capped at 5,000,000 shares or enough to maintain a 19.9% stake [4]. - Ridgeline has been granted a 1% net smelter return royalty on the Eagle Property and any additional ground staked within a 2-mile area of interest [5]. Regulatory and Compliance - The Midasco Shares issued to Ridgeline are subject to a four-month hold period and a 12-month transfer restriction [7]. - An early warning report will be filed with Canadian securities regulators following the acquisition [10].
Eco Oro Seeks Annulment of ICSID Tribunal Decision on Damages and Announces US$4.5 Million Financing
Globenewswire· 2025-07-31 12:00
VANCOUVER, British Columbia, July 31, 2025 (GLOBE NEWSWIRE) -- Eco Oro Minerals Corp. (CSE: EOM) ("Eco Oro" or the "Company") announces it has filed an application to annul the damages award issued on July 15, 2024 (the "Award on Damages") awarding no monetary compensation to the Company by the arbitral tribunal (the "Tribunal") constituted under the International Centre for Settlement of Investment Disputes ("ICSID") in its arbitration proceedings against the Republic of Colombia (ICSID Case No. ARB/16/41) ...