Core Viewpoint - Vault Strategic Mining Corp. has announced a non-brokered private placement of up to 2,000,000 units at a price of $0.25 per unit, aiming for gross proceeds of up to $500,000 [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of an additional common share at an exercise price of $0.35 for twelve months [2]. - The net proceeds from the private placement will be used for exploration activities and general corporate purposes, with potential finders' fees applicable [3]. - All securities issued will be subject to a hold period of four months and one day as per applicable securities legislation [3]. Group 2: Warrant Provisions - The warrants include an acceleration provision, allowing the company to notify warrant holders to exercise their warrants if the weighted average daily trading price exceeds $0.60 for five consecutive trading days [4]. - If the acceleration notice is issued, warrants not exercised within 30 days will expire [4]. Group 3: Insider Participation - Any insider participation in the private placement will be considered a related party transaction, and the company will rely on exemptions from formal valuation and minority approval requirements [5].

Core Insights - The abandonment of merger talks between Rio Tinto and Glencore has led to a divided outlook among analysts regarding the future prospects of these companies in the context of critical minerals [1] Company Analysis - Analysts are now reassessing the potential of Rio Tinto and Glencore following the halted merger discussions, indicating a shift in market sentiment towards these companies [1] Industry Context - JPMorgan has characterized the current market environment as "the age of critical minerals," highlighting the growing importance of these resources in the investment landscape [1]

Core Viewpoint - Etana Energy has secured a significant ten-year power purchase agreement to supply 220 megawatts of renewable electricity annually to Sibanye-Stillwater's mining operations in South Africa, highlighting the growing role of renewable energy in the mining sector [1][3]. Group 1: Company Overview - Chariot Ltd, an Africa-focused energy company listed on AIM, holds a 34% interest in Etana Energy through its subsidiary, Chariot Generation and Trading [1]. - Other stakeholders in the project include H1 Holdings, Norfund, and Standard Bank, indicating a diverse investment base [2]. Group 2: Project Details - The power will be delivered by wheeling electricity from Etana's solar and wind portfolio across South Africa's national grid, with supply expected to commence in late 2027 [2]. - The agreement aims to meet Sibanye-Stillwater's current and future power needs, contributing to reduced electricity costs and lower carbon emissions for one of South Africa's largest gold and platinum group metals producers [3]. Group 3: Market Implications - Benoit Garrivier, CEO of Chariot's renewable power division, emphasized that this agreement signifies a material offtake agreement with a major industrial customer, showcasing the market potential for Etana [3]. - Etana is positioned to become one of the largest providers of renewable energy in South Africa, reflecting the increasing demand for sustainable energy solutions in the region [3].

Market Overview - Bitcoin has dropped to $60,000 from a record high of $124,000, indicating a downward trend in market froth [1] - Share markets, including the ASX 200 index, have seen significant declines, with a 2% drop on Friday [2] - A local market wipeout of nearly $65 billion occurred, marking the largest fall since April of the previous year, with all sectors closing lower [3] Sector Performance - The ASX technology sector fell by 12.6% for the week, driven by concerns over AI investments and their potential returns [6] - Major tech companies like Amazon saw an 11% drop in shares due to high capital expenditure plans, impacting technology stocks in Australia [7] - Real estate stocks weakened, with Goodman Group falling 6.1% and REA Group down 7.8% after disappointing profit results [11] Commodity and Mining Sector - Gold and silver prices have weakened, with silver experiencing a 2% increase after an 18% fall in the previous session [8] - Major mining companies like BHP, South32, and Newmont saw declines in their share prices, with BHP down 3.1% [9] - Rio Tinto shares remained flat after ending merger talks with Glencore [10] Upcoming Economic Indicators - The focus will shift to household spending data expected to show some weakening, while new home loan data is anticipated to increase by around 6% [14] - US jobs figures are expected to show an addition of around 50,000 jobs, with the unemployment rate steady at 4.4% [15]

Market Performance - The S&P/ASX 200 closed at 8,708.80, down 180.40 points or 2.03%, marking a new 20-day low [1] - The index has lost 1.81% over the last five days but remains virtually unchanged year-to-date [1] Top Gainers and Losers - WEB TRAVEL GROUP LIMITED and DEEP YELLOW LIMITED were the bottom performers, down 29.52% and 12.00%, respectively [1][10] - Among the top gainers, Brambles Limited rose 3.477% to $23.510, while ResMed Inc. increased by 1.228% to $37.920 [10] Sector Performance - All 11 sectors ended lower, with the Health Care sector declining by 1.16%, continuing a 2.39% decline over the last five days [7][10] - The resources index fell 4.6% for the week, its largest drop since late March, with BHP Group down 3% [8][10] Investor Sentiment - The S&P ASX volatility index increased by 21%, indicating heightened investor anxiety and expectations of market volatility [6][10] - Concerns over global growth and commodity volatility have negatively impacted investor confidence [6][10]

Group 1 - Deal talks between miners Rio Tinto and Glencore failed due to unbridgeable differences on price [1]

Core Viewpoint - Iron ore prices have fallen below $100 a ton due to slowing demand in China and increasing supply, leading to a significant rise in inventories [2][4]. Supply and Demand Dynamics - Iron ore futures for 61%-content ore decreased by 1.3% to $99.35 a ton, marking a fourth consecutive weekly drop, the longest losing streak since June [2]. - The supply-demand fundamentals for iron ore remain weak, with slower-than-expected hot-metal output at Chinese mills and the end of supportive restocking activities [3]. - Chinese steel mills are reducing output on an annual basis, while miners in Australia and Brazil are increasing ore production, contributing to rising inventories [4]. Inventory Levels - Port stockpiles in China rose for the 10th consecutive week, increasing by 0.6% to 160 million tons, the highest level since 2022 and nearing the record set in 2018 [5]. - The increase in stockpiles may also be influenced by a pricing dispute between BHP Group and China Mineral Resources Group Co. [5]. Price Forecasts - BMI, a Fitch Solutions company, projects that iron ore prices will average $95 a ton this year due to elevated inventories, healthy mine output, and potential steel-output curbs [7]. - Goldman Sachs anticipates that iron ore prices may decline once the dispute between BHP and CMRG is resolved and new low-cost supply comes online [7].

伦敦金属交易所（LME）2月5日伦铜最新库存量报180575公吨，较上个交易日增加1925公吨，涨幅 1.08%。 长江铜业网讯：悲观氛围持续蔓延，市场厌恶情绪急剧升温，叠加贵金属板块重挫，沪铜跟随金银走 软。今日沪铜主力 2603 合约早盘低开，开盘价 99540 元/吨，跌 2960 元，触及最低位97920元/吨。 宏观层面，美国就业市场形势严峻。1 月雇主宣布裁员人数达 10.8 万，同比增 118%，环比 12 月增 205%，新招聘计划仅 5300 人，为 2009 年以来最低值。全球市场竞争加剧及 AI 科技革命，使传统行业 私人部门就业规模收缩，可能影响美国一季度居民消费支出，拖累经济增长。昨夜金银价格大跌拖累伦 铜走势，全球最大白银杠杆 ETF 大规模抛售白银，向拥挤的市场释放抛压，短期贵金属底部难寻，需 待杠杆资金风险降温后市场回归合理估值。美股周四大幅收跌，科技股领跌；国际油价周四跌近 3%， 布伦特原油期货收于每桶 67.55 美元，美国原油收于每桶 63.29 美元，进一步挫伤市场风险情绪，铜价 面临较大利空压力。 产业端传来消息，两家矿业巨头潜在合并交易期限临近，力拓坚持合并后董事 ...

Market Overview - Asian stock markets are mostly trading lower, influenced by negative cues from Wall Street, particularly in technology stocks amid valuation concerns and the impact of artificial intelligence [1][15] - The Australian stock market is sharply lower, with the S&P/ASX 200 falling below the 8,750 level, driven by weakness across all segments, especially mining stocks [2][3] Australian Market Details - The S&P/ASX 200 Index is down 159.40 points or 1.79 percent to 8,729.80, after reaching a low of 8,714.10 [3] - Major miners are experiencing declines: Rio Tinto down 0.4 percent, BHP Group down almost 3 percent, Fortescue down almost 1 percent, and Mineral Resources down more than 4 percent [3] - Oil stocks are also weak, with Santos down more than 1 percent, Woodside Energy down almost 2 percent, and Beach Energy down almost 4 percent [4] - Among tech stocks, Afterpay-owner Block is down almost 7 percent, WiseTech Global down almost 5 percent, and Appen down almost 9 percent [4] Banking and Gold Mining Sector - In the banking sector, ANZ Banking and National Australia Bank are down more than 1 percent each, while Commonwealth Bank and Westpac are down 0.1 percent each [5] - Gold miners are facing significant losses, with Evolution Mining and Northern Star Resources down more than 2 percent each, and Newmont and Genesis Minerals down more than 6 percent each [5] Company-Specific News - REA Group shares are down more than 10 percent after first-half financial results missed analysts' expectations [6] - Web Travel Group shares plummeted almost 29 percent following an audit announcement by the Spanish Tax Agency [6] Japanese Market Overview - The Japanese market is showing a mixed performance, with the Nikkei 225 Index up 255.48 points or 0.47 percent to 54,073.52 after earlier lows [7][8] - SoftBank Group is gaining almost 2 percent, while Fast Retailing is down almost 1 percent [8] - In the banking sector, Sumitomo Mitsui Financial is up almost 2 percent, and Mizuho Financial is gaining more than 2 percent [9] Economic Indicators - Japan's household spending decreased by 2.9 percent month-on-month in December, missing forecasts [12][13]

For more than a decade, it was the deal mining billionaire Ivan Glasenberg had sought more than any other: putting Glencore Plc — the sprawling commodity trader-cum-miner he built — together with industry titan Rio Tinto Group. https://t.co/IBziRun2gY ...