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PRM Prices $550 Million Senior Secured Notes to Fund Acquisition
ZACKS· 2025-12-18 15:07
Core Insights - Perimeter Solutions, Inc. (PRM) has announced a $550 million offering of 6.250% senior secured notes due January 15, 2034, with an expected closing date of January 2, 2026 [1][8] Group 1: Offering Details - The notes will mature on January 15, 2034, and will bear interest at a rate of 6.250% per annum, payable semi-annually [1] - The offering is fully guaranteed on a senior secured basis by Perimeter Intermediate, LLC, and secured by first-priority interests on substantially all present and future assets of Perimeter Holdings and its guarantors [2][8] Group 2: Use of Proceeds - The net proceeds from the offering, along with cash on hand, will be used to fund the acquisition of Medical Manufacturing Technologies LLC (MMT) and to cover related fees and expenses [3][8] - If the acquisition is not completed by September 9, 2026, or if the company decides not to pursue it, Perimeter Holdings will be required to redeem the notes [3] Group 3: Strategic Implications - The acquisition of MMT is expected to enhance Perimeter's focus on businesses in secular growth markets characterized by strong free cash flow, high returns on tangible capital, and sustainable earnings power [4] - Post-transaction, the company anticipates a net leverage ratio of approximately 2.7x net debt to combined adjusted EBITDA for the last 12 months ending September 30, 2025 [4] Group 4: Market Performance - PRM shares have increased by 117.3% over the past year, contrasting with a 1% decline in the industry [6]
Northstar Gold launches drilling program at Cam Copper Mine
Proactiveinvestors NA· 2025-12-18 14:34
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
REPEAT -- Euro Sun Enters Into Multi-Facility Agreement With Trafigura to Secure Up to US$200m for Development of Rovina Valley Copper-Gold Project
Globenewswire· 2025-12-18 14:15
TORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce that it has entered into definitive agreements to amend and restate the pre-development facility agreement that the Company executed with Trafigura Pte Ltd. (the “Trafigura”) effective July 10, 2025 (as amended and restated, the “Multi-Facility Agreement”), to secure up to US$200m towards the advancement of and future construction at the Rovina Valley copper-gold project in Romania ...
The Gross Law Firm Notifies Shareholders of Freeport-McMoRan Inc.(FCX) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-12-18 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements related to safety practices at its Grasberg Block Cave mine in Indonesia [1]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [1]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [1]. - The allegations include that this situation constituted an undisclosed heightened risk of regulatory, litigation, and reputational issues [1]. - As a result, the defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading or lacked a reasonable basis [1]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [1]. - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the case [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3].
FCX INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Freeport McMoRan Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Globenewswire· 2025-12-18 13:00
Core Viewpoint - The Freeport-McMoRan Inc. class action lawsuit alleges violations of the Securities Exchange Act of 1934, focusing on safety issues at the Grasberg mine and the subsequent impact on stock prices due to disclosures of incidents and regulatory risks [1][3][4]. Group 1: Class Action Details - The class action lawsuit is titled Reed v. Freeport-McMoRan Inc., and it allows purchasers of Freeport-McMoRan securities between February 15, 2022, and September 24, 2025, to seek appointment as lead plaintiff by January 12, 2026 [1][7]. - The lawsuit claims that Freeport-McMoRan and its executives made misleading statements regarding safety measures at the Grasberg Block Cave mine, which could foreseeably lead to worker fatalities and increased regulatory and reputational risks [3][4]. Group 2: Incident Disclosures and Stock Impact - On September 9, 2025, Freeport-McMoRan reported a significant incident at the Grasberg mine, leading to a nearly 6% drop in stock price due to the temporary suspension of mining operations for safety evacuations [4][5]. - Following a tragic incident on September 24, 2025, where two team members were fatally injured, the company disclosed that production in 2026 could be approximately 35% lower than pre-incident estimates, resulting in a nearly 17% decline in stock price [5][6]. - An article published on September 25, 2025, highlighted the potential strain on Freeport-McMoRan's relationship with the Indonesian government due to the production halt, causing an additional stock price drop of over 6% [6]. Group 3: Company Background - Freeport-McMoRan is engaged in mining mineral properties across North America, South America, and Indonesia, with significant operations at the Grasberg Copper and Gold Mine in Papua, Indonesia [2].
Talisker Provides Update on Staff Reduction at Bralorne due to Atmospheric River Event in Southern British Columbia
Globenewswire· 2025-12-18 12:00
TORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX: TSK, OTCQX: TSKFF) announces that further to the Company’s news release of December 17, 2025, the Company has successfully reduced staffing levels at the Bralorne Mine in accordance with its Emergency Response Plan in response to restricted site access caused by an extreme rainfall event in the region. All but 16 critical personnel drove out via Highway 40 which was temporarily opened to facilitate the wit ...
Canada Nickel Announces Initial Resources at Midlothian and Bannockburn Projects
Prnewswire· 2025-12-18 11:45
Highlights: TORONTO, Dec. 18, 2025 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF) today announced initial mineral resource estimates (the "Mineral Resource Estimate" or "MRE") for its Midlothian Nickel Sulphide Project ("Midlothian") and Bannockburn Nickel Sulphide Project ("Bannockburn"), located 64 km southeast of Timmins and 20 km west of Matachewan, Ontario. Continue Reading Figure 1. Plan View of Midlothian Nickel Sulphide Project, Ontario. (CNW ...
Orecap to Become 19.9% Shareholder of Kirkland Lake Discoveries Corp.
TMX Newsfile· 2025-12-18 11:00
Core Viewpoint - Orecap Invest Corp. has entered into a definitive agreement to sell its 100%-owned Mirado property for a 19.9% equity stake in Kirkland Lake Discoveries Corp., reflecting a strategic shift towards holding significant equity positions in high-quality exploration companies [1][2][14]. Transaction Details - The transaction involves Orecap receiving approximately 40,050,398 shares of KLDC, valued at $11.4 million based on KLDC's closing price on December 17, 2025 [3][14]. - The shares received will be subject to a statutory four-month hold period following the closing date [7]. - The transaction is pending approval from the TSX Venture Exchange and is expected to close in January 2026 [8]. Strategic Rationale - This investment aligns with Orecap's strategy of focusing on well-capitalized companies with high-potential assets and strong management teams [4][6]. - By acquiring a stake in KLDC, Orecap increases its exposure to the Kirkland Lake region, which is known for its rich gold deposits [4][10]. Portfolio Impact - Orecap's investment in KLDC complements its existing 13.9% interest in Stardust Metal Corp., enhancing its overall exposure in the Kirkland Lake area [5]. - The transaction allows Orecap to concentrate on equity positions rather than direct ownership of land, while still retaining exposure to the Mirado Project through KLDC [6][14]. Company Background - Orecap Invest Corp. focuses on special situation investments in the natural resource sector, aiming for high returns on precious and critical metal assets [9]. - Kirkland Lake Discoveries Corp. holds a significant exploration portfolio in the Kirkland Lake region, which is recognized as one of the most prolific mining districts globally [10][11].
Focus Graphite Announces Final Results From 2022 Drill Program at Lac Tetepisca; West Limb Extends Mineralized Strike to 8 KM
TMX Newsfile· 2025-12-18 10:00
Core Insights - Focus Graphite Inc. has reported the final assay results from its 2022 exploration and definition drilling program at the Lac Tetepisca Graphite Project, confirming significant mineralization and extending the strike length of the deposit to approximately 8 kilometers [1][2][4] Summary by Sections Exploration Results - The 2022 drilling program included 74 diamond drill holes totaling 14,900.5 meters, with all assay results now received and released [7][13] - Significant mineralization was confirmed in the West Limb and Southwest MOGC targets, with multiple holes returning high-grade intervals, including 39.16 meters at 9.02% Graphitic Carbon (Cg) [13][25] Mineral Resource Estimate - The completion of the assay results allows the company to advance an updated Mineral Resource Estimate (MRE), anticipated in Q1 2026, which will incorporate all 2022 drill holes [4][6] - The current maiden resource, defined in April 2022, includes an Indicated Resource of 59.3 million tonnes grading 10.61% Cg and an Inferred Resource of 14.9 million tonnes grading 11.06% Cg [5][6] Geological Context - The MOGC flake graphite deposit is part of the Lac Tetepisca Project, located in Quebec's Cote-Nord region, and is characterized by a linear 1.5 km segment of an 8 km long folded geophysical anomaly [5][37] - The West Limb zone shows continuity of broad low-grade graphitic mineralization, which will be considered in the upcoming MRE update [4][23] Technical Milestones - The completion of the full assay dataset represents a major technical milestone, enabling the company to reassess the scale, continuity, and development potential of the Lac Tetepisca project [13][23] - The drilling program aimed to convert Inferred resources to Indicated and to test the graphite abundance related to the magnetic anomalies [14][23]
China lithium mining licence revocation drives price surge
Yahoo Finance· 2025-12-18 09:53
Core Viewpoint - The revocation plan for lithium mining licenses in Yichun, Jiangxi province, has led to a significant surge in lithium prices, raising concerns about future supply in the market [1][2]. Group 1: Price Movement - Lithium carbonate prices have increased to 109,860 yuan ($15,595) per tonne, marking the highest level since June 2024, with a closing increase of 7.61% at 108,620 yuan [1][2]. - The price rally is attributed to the announcement of the cancellation of 27 mining permits, which has heightened investor concerns regarding supply [2]. Group 2: License Revocation Details - The Yichun Bureau of Natural Resources plans to cancel 27 mining permits after a public consultation period ending on January 22, 2025, with all licenses set for cancellation having already expired [2][3]. - Among the revoked licenses, 17 were for ceramic clay, seven for limestone, and others for kaolin and quartzite, with expiration dates ranging from 2010 to 2024 [3]. Group 3: Market Analysis - Analysts from Galaxy Futures indicated that the license cancellations would have a minimal near-term impact on supply, as none of the revoked permits pertain to currently operational mines [4]. - The upward trend in lithium prices has been ongoing since August, influenced by stronger demand from the energy storage sector and the halt of operations at CATL's Jianxiawo mine due to an expired mining license [5].