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Freeport McMoRan Inc. Investors (FCX) with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-12-20 03:11
Core Viewpoint - The Freeport-McMoRan Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims related to safety issues at its Grasberg mine in Indonesia and subsequent operational impacts [1][3][4]. Group 1: Class Action Details - Purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, can seek appointment as lead plaintiff by January 12, 2026 [1]. - The lawsuit is titled Reed v. Freeport-McMoRan Inc., No. 25-cv-04243 (D. Ariz.) [1]. - The allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers [3]. Group 2: Incident and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, resulting in a nearly 6% drop in stock price [4]. - Following the incident, on September 24, 2025, it was disclosed that two team members were fatally injured, and production estimates for 2026 could be approximately 35% lower than previously expected, causing a nearly 17% decline in stock price [5]. - An article published on September 25, 2025, highlighted potential strains in Freeport-McMoRan's relationship with the Indonesian government, leading to an additional stock price drop of over 6% [6]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Freeport-McMoRan securities during the Class Period to seek lead plaintiff status [7]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [8].
Regency Silver Announces Closing of Oversubscribed $4.1M Financing Led by Centurion One Capital
TMX Newsfile· 2025-12-19 23:27
Core Viewpoint - Regency Silver Corp. successfully closed a brokered private placement and a concurrent non-brokered private placement, raising approximately $4,078,500 in total gross proceeds [1][3]. Group 1: Offerings Details - The brokered offering generated gross proceeds of approximately $3,991,000, while the non-brokered offering added $87,500, bringing the total to about $4,078,500 [1][3]. - A total of 23,305,714 Units were sold at a price of $0.175 per Unit, with each Unit consisting of one common share and one transferable common share purchase warrant [3]. - Each warrant allows the holder to purchase an additional common share at a price of $0.26 until December 19, 2028 [3]. Group 2: Use of Proceeds - The net proceeds from the offerings will be utilized for drilling at the Dios Padre Project in Sonora, Mexico, and for general working capital purposes [4]. - The company paid a cash commission of $326,280 and issued 1,864,457 non-transferable common share purchase warrants in connection with the offerings [4]. Group 3: Company Overview - Regency Silver Corp. is a Canadian resource company focused on exploring gold, copper, and silver in Mexico, with its flagship project being the Dios Padre project [8]. - The Dios Padre project has shown promising drill results, including 38 meters of 7.36 g/t gold and 36 meters of 6.84 g/t gold, 0.88% copper, and 21.8 g/t silver [8].
Why Energy Fuels Stock Popped on Friday (Hint: It's a Rare Earths Breakthrough)
Yahoo Finance· 2025-12-19 21:20
Core Viewpoint - Energy Fuels has transitioned from being primarily a uranium stock to making significant advancements in the rare earth elements sector, leading to a notable increase in its stock price [1]. Group 1: Company Developments - Energy Fuels announced that its 99.9% purity dysprosium oxide has passed initial quality checks with a major South Korean automotive manufacturer [3]. - The company successfully processed neodymium-praseodymium (NdPr) oxide into magnets for commercial use by a South Korean EV motor unit manufacturer [6]. - Energy Fuels plans to commence terbium production before the end of 2025 and will initiate pilot production of gadolinium and samarium oxides thereafter [7]. Group 2: Industry Context - Rare earth elements are crucial for various technologies, including semiconductors, electronics, renewable energy, and military applications, with dysprosium being particularly important for hybrid and electric vehicles [4]. - South Korea, a major player in the automotive industry, is seeking to diversify its rare earth supply sources, reducing reliance on China [5]. - The U.S. government is taking steps to enhance domestic rare earth supply, including investments in major producers [5]. Group 3: Market Outlook - Energy Fuels is positioned as one of the first U.S. companies to qualify both light and heavy rare earth elements for processing into magnets for end use, with plans for large-scale production capacity by the end of 2026 [8]. - The approval of Energy Fuels' rare earths for commercial use by a major South Korean automaker highlights the growing demand for rare earth magnets in defense, automotive, and renewable technology sectors [9].
NMG Announces Closing of US$20 Million Public Offering of Common Shares
Businesswire· 2025-12-19 20:34
Core Viewpoint - Nouveau Monde Graphite Inc. has successfully closed a public offering of 8,333,334 common shares at a price of US$2.40 per share, raising approximately US$20 million in gross proceeds [1]. Group 1: Offering Details - The public offering consisted of 8,333,334 common shares priced at US$2.40 each [1]. - The total gross proceeds from the offering amount to approximately US$20 million [1]. - Maxim Group LLC served as the sole placement agent for the offering [1]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds from the offering for procurement purposes [1].
X @Bloomberg
Bloomberg· 2025-12-19 20:32
Government Investment & Geopolitics - The US government's investment in a US zinc development has entangled it in a South Korean proxy fight [1] - This situation exemplifies the challenges faced when the government pursues equity stakes in critical industries, encountering free-market resistance [1]
Jim Cramer Prefers Agnico over Perpetua Resources
Yahoo Finance· 2025-12-19 19:15
Perpetua Resources Corp. (NASDAQ:PPTA) is one of the stocks Jim Cramer recently discussed. Answering a caller’s query about the stock during the lightning round, Cramer said, “It’s a hot stock, but let’s go with Agnico. Let’s go with Agnico.” Image by Csaba Nagy from Pixabay Perpetua Resources Corp. (NASDAQ:PPTA) is a mining company in the development stage that focuses on acquiring and exploring properties for gold, silver, and antimony. On December 9, the company announced that it entered an agreement ...
This Is What Whales Are Betting On Freeport-McMoRan - Freeport-McMoRan (NYSE:FCX)
Benzinga· 2025-12-19 18:01
Core Insights - Financial institutions are showing a bullish sentiment towards Freeport-McMoRan, with 65% of traders being bullish and only 15% bearish, indicating strong market confidence in the stock [1] - The expected price range for Freeport-McMoRan over the last three months is between $20.0 and $55.0, suggesting a stable trading environment [2] - Recent options trading data indicates significant interest in call options, with a total value of $2,771,600 for calls compared to $126,403 for puts, further emphasizing bullish sentiment [1] Options Trading Analysis - The analysis of volume and open interest reveals that Freeport-McMoRan's options are actively traded, with notable whale activity observed within the strike price range of $20.0 to $55.0 over the last 30 days [3][4] - The largest options trades include multiple bullish call sweeps, with significant total trade prices such as $348.2K and $229.5K for calls with a strike price of $47.00 [7] Company Overview - Freeport-McMoRan is a leading copper miner, owning stakes in 10 copper mines, including a 49% stake in the Grasberg operations in Indonesia and a 55% stake in the Cerro Verde mine in Peru [8] - In 2024, Freeport-McMoRan sold approximately 1.2 million metric tons of copper and 900,000 ounces of gold, maintaining its position as one of the largest copper producers globally [8] - The company has about 25 years of copper reserves remaining and is expected to maintain similar copper sales midcycle in 2029, although gold production is anticipated to decline [8] Market Position and Analyst Ratings - Recent analyst ratings suggest a positive outlook for Freeport-McMoRan, with an average target price of $59.0 from two industry analysts [9] - JP Morgan maintains an Overweight rating with a price target of $58, while UBS holds a Buy rating with a target price of $60, reflecting confidence in the company's future performance [10]
First Majestic Inks Deal to Sell Its Del Toro Mine to Sierra Madre
ZACKS· 2025-12-19 16:21
Key Takeaways AG struck a definitive deal to sell the Del Toro Silver Mine in Mexico to Sierra Madre Gold & Silver. First Majestic will receive up to $60M via $20M cash, $10M shares at close, plus staged payments.AG may earn extra $20M if resource and production milestones are met within 48 to 60 months.First Majestic Silver Corp. (AG) announced that it has inked a definitive agreement with Sierra Madre Gold & Silver Ltd. to sell the Del Toro Silver Mine. The Del Toro Mine, located in Mexico, is a past-prod ...
Fourth Bonus Treasure in The Great Canadian Treasure Hunt is Released in Newfoundland
TMX Newsfile· 2025-12-19 14:54
Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) The Great Canadian Treasure Hunt continues to captivate Canadians as thousands of participants unite in the search for more than $1.3 million in gold treasure hidden across the country. The organizers, The Northern Miner, are excited to unveil the fourth regional prize: six one-ounce gold coins, valued at nearly $36,000, sending treasure hunters on their next adventure to Newfoundland, one of Ca ...
X @Bloomberg
Bloomberg· 2025-12-19 14:28
BHP's top boss said he’s moving on after its aborted attempt to buy Anglo American, preferring instead to focus on its own copper projects and opportunities in Canada https://t.co/tlOxAOJwTN ...