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Aston Bay and American West Metals Announce New >4-Kilometre Copper Anomaly Identified at the Storm Project, Nunavut, Canada
Accessnewswire· 2025-11-17 12:00
Core Insights - A new copper anomaly measuring 4.1 km by 0.7 km has been discovered, named the Chevron Prospect [1] - The geological features of the Chevron Prospect are similar to those of known copper deposits in the Storm area, indicating a high potential for significant copper discovery [1] Summary by Categories Discovery - The regional soil geochemistry program has identified a strong copper anomaly, highlighting a significant exploration opportunity [1] Geological Features - The Chevron Prospect exhibits a geochemical signature and structural trend akin to existing copper deposits in the Storm area, reinforcing its status as a high-priority target for exploration [1]
Brixton Metals Announces Non-Brokered Private Placement of up to $18 Million
Globenewswire· 2025-11-14 12:30
Not for distribution to United States Newswire Services or for dissemination in the United StatesVANCOUVER, British Columbia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the “Company” or “Brixton”) is pleased to announce a non-brokered private placement offering (the “Offering”) of any combination of National Flow-Through Units (“FT Units”) at a price of $0.08 per FT Unit, Critical Mineral Flow-Through Units (the “CMFT Units”) at a price of $0.085 per CMFT Unit, ...
Askari Metals begins copper-gold hunt in Ethiopia - ICYMI
Proactiveinvestors NA· 2025-11-14 07:38
Core Viewpoint - Askari Metals Ltd has initiated a copper and gold exploration program at the Nejo project in Ethiopia, focusing on validating historical drilling data and targeting high-priority prospects [1][2][4]. Exploration Activities - The exploration campaign is the company's first reconnaissance-style program at Nejo, targeting areas such as Guji 1 and Komto 2 in the south, and Katta in the northwest [1][2][7]. - Historical drilling at Katta intersected 140.8 meters at 3.2% copper, with no follow-up since the 1970s, indicating potential for a large VMS-style system [2][10]. Future Plans - Preparations are underway for a planned drilling program in Q4 2025, with efforts to secure a rig, crew, and consumables [3][11]. - The Guji 1 and Komto 2 corridor is a 9-kilometer mineralized strike that remains open in both directions, which is a key focus for future drilling [3][11]. Resource Development - The company aims to reach a maiden resource within 12 months, leveraging refined historical exploration data [4][13]. - The Nejo license covers 1,200 square kilometers, with multiple additional targets to be assessed over time, indicating a long-term exploration strategy [4][15]. Continuous Updates - The exploration program is expected to generate continuous updates over the next two to three years, keeping investors engaged [5][15].
TMC Stock Slips After Q3 Earnings Miss Estimates: What To Know
Benzinga· 2025-11-13 21:47
Core Viewpoint - TMC The Metals Company reported third-quarter earnings that missed analyst expectations, leading to a decline in stock price [1][2]. Financial Performance - The company reported quarterly losses of 14 cents per share, which was worse than the analyst estimate of a 6-cent loss [2]. - Exploration and evaluation expenses for the quarter were $9.6 million, a decrease from $11.8 million in the same quarter last year [2]. Strategic Developments - CEO Gerard Barron highlighted the completion of the Pre-Feasibility Study and Initial Assessment, noting a surge in public and private investment in critical minerals and energy supply chains [3]. - These studies are seen as a significant milestone for the company, laying the groundwork for strategic and policy engagements in a unique market opportunity [3]. Stock Performance - Following the earnings report, TMC stock experienced a decline of 3.29%, trading at $4.81 in extended trading [4].
Blue Moon Metals Announces Voting Results from Annual and Special Meeting and Welcomes new Norwegian-based Board Members
Prnewswire· 2025-11-13 21:11
All seven elected directors will serve on the Company's Board of Directors (the "Board") until the next annual meeting of shareholders or until their successors are elected or appointed. Accessibility StatementSkip Navigation TORONTO, Nov. 13, 2025 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (OTCQX: BMOOF), is pleased to report the voting results from the Company's Annual General and Special Meeting of Shareholders (the "Meeting"), which was held earlier today in Toront ...
American Pacific Announces Sale of Palmer Copper-Zinc VMS Project to Vizsla Copper for $15 Million in Equity plus up to $15 Million in Milestone Payments
Newsfile· 2025-11-13 12:00
American Pacific Announces Sale of Palmer Copper-Zinc VMS Project to Vizsla Copper for $15 Million in Equity plus up to $15 Million in Milestone PaymentsNovember 13, 2025 7:00 AM EST | Source: American Pacific Mining Corp.Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC1) ("American Pacific" or the "Company") is pleased to announce that it has entered into a share purchase agreement (the "Share Purchase Agree ...
HudBay Minerals (HBM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-11-12 15:31
Core Insights - HudBay Minerals reported a revenue of $346.8 million for the quarter ended September 2025, marking a year-over-year decline of 28.6% and an EPS of $0.03 compared to $0.13 a year ago, falling short of the Zacks Consensus Estimate of $413.19 million by 16.07% [1] - The company experienced a significant EPS surprise of -50%, with the consensus EPS estimate being $0.06 [1] Financial Performance Metrics - The stock of HudBay Minerals has returned -2.6% over the past month, contrasting with the Zacks S&P 500 composite's +4.6% change, and currently holds a Zacks Rank 3 (Hold) [3] - Contained metal production in concentrate and dore for Gold in Manitoba was 22,441 Oz, below the analyst average estimate of 28,683.98 Oz [4] - Payable metal sold for Gold in British Columbia was 5,363 Oz, slightly below the average estimate of 5,642.27 Oz [4] - Contained metal production for Copper in British Columbia was 5,249 Ton, significantly lower than the estimated 8,020.04 Ton [4] - Contained metal production for Silver in British Columbia was 50,816 Oz, compared to the analyst average estimate of 72,086.99 Oz [4] Revenue Breakdown - Revenue from external customers in Peru was $164.6 million, down 21.6% year-over-year and below the average estimate of $225.63 million [4] - Revenue from external customers in British Columbia was $77.5 million, representing a year-over-year increase of 7.8%, but below the average estimate of $92.66 million [4] - Revenue from external customers in Manitoba was $104.7 million, reflecting a significant year-over-year decline of 48.7% compared to the average estimate of $118.37 million [4] - Total revenue from contracts was $337 million, below the estimated $386.73 million [4] - Revenue from contracts for Molybdenum was $14 million, slightly above the estimate of $13.56 million, but down 16.7% year-over-year [4] - Revenue from contracts for Gold was $125.5 million, compared to the average estimate of $118.92 million, representing a year-over-year decline of 28.9% [4] - Revenue from contracts for Silver was $9.1 million, significantly below the average estimate of $20.76 million, with a year-over-year change of -28.4% [4] - Revenue from contracts for Copper was $178.8 million, below the average estimate of $227.4 million, reflecting a year-over-year decline of 31.6% [4]
Washington Blinks – Markets Rally
Investor Place· 2025-11-11 01:53
Government Shutdown and Economic Sentiment - Lawmakers in the Senate voted 60–40 to advance a stopgap funding bill to reopen the government through late January, with a separate vote on Affordable Care Act subsidies planned for December [2] - Stocks rallied following the news, with the Nasdaq up nearly 2%, as the reopening of the government is expected to restore key economic data and reduce uncertainty in the market [3] - The University of Michigan consumer sentiment survey indicated a significant decline, with a reading of 50.3, down 6.2% month-over-month and about 30% year-over-year, reflecting concerns over inflation, high borrowing costs, and the ongoing government shutdown [4][5] Job Market and Layoffs - The October Job Cuts Report revealed 153,000 announced layoffs, a 175% increase from last year, marking the worst October since 2003, indicating a slowdown in hiring [6][7] - The report attributes job cuts to cost-cutting measures and the impact of AI, suggesting that companies are leveraging AI to reduce costs [8] Big Tech and AI Investment - Major tech companies, referred to as the "Magnificent Seven," are committing trillions of dollars to AI capital expenditures, with a projected $6.7 trillion needed for data centers by 2030 [9] - Meta Platforms raised $27 billion in private debt to fund its Hyperion data center, utilizing off-balance-sheet financing, which raises concerns reminiscent of the Enron scandal [10][11] - The shift towards capital-intensive models in tech due to AI investments poses risks, as companies may face significant debt without guaranteed returns [12][13][14] Metals Sector Investment Opportunities - The metals sector is highlighted as a potential investment opportunity, with essential materials like copper and platinum playing a crucial role in AI infrastructure [15][16] - The U.S. government has added 10 minerals, including copper, to a list deemed essential for the economy and national security, signaling long-term strategic value for investors [17] - Investors are encouraged to consider metals-related ETFs as a way to capitalize on the anticipated growth in the sector, with historical examples of significant returns [19][21]
Can Ambler Metals' Growth Prospects Drive Trilogy's Momentum?
ZACKS· 2025-11-10 19:16
Core Insights - Trilogy Metals Inc. (TMQ) is making steady progress in the Ambler mining district through its joint venture with Ambler Metals LLC, which is partnered with South32 Limited [1][8] - The company has maintained disciplined spending, recording approximately $3.8 million in costs for ongoing programs in the first nine months of fiscal 2025, with Trilogy's share of the loss being about $2.2 million [3][8] - The advancement of the Ambler mining district positions Trilogy for potential significant transformation and growth in the long run [4] Company Developments - Ambler Metals completed its summer field program at the Bornite camp safely and on schedule, which included site maintenance, environmental data collection, and a core re-boxing program [2][8] - Trilogy's share of Ambler Metals' loss reflects a controlled development burn rate while advancing the project [3][8] Peer Comparison - B2Gold Corp. (BTG) is expected to benefit from increased gold production at its Fekola mine in 2025, driven by its strategy to maximize profitable mine production [5] - Barrick Mining Corporation (B) is focusing on high-return investments, particularly in Nevada, but may face lower gold production in 2025 due to operational issues [6] Financial Performance - Trilogy's shares have surged 290.4% over the past year, significantly outperforming the industry growth of 13.1% [7] - The company is currently trading at a forward price-to-earnings ratio of negative 194.99X, compared to the industry's average of 16.03X, indicating a challenging valuation [9]
FireFly Metals (OTCPK:MNXM.F) 2025 Conference Transcript
2025-11-10 15:15
Summary of FireFly Metals Conference Call Company Overview - **Company**: FireFly Metals (OTCPK:MNXM.F) - **Location**: Newfoundland, Canada - **Current Resource**: 59 million tonnes at 2% copper equivalent Key Points and Arguments Resource Development - The company is currently drilling 650 meters in front of its existing resource, yielding 49 meters at 6.1% copper equivalent, which will be included in an upcoming resource update by year-end [1][3] - The strategy focuses on demonstrating the world-class scale and continuity of the deposit, with over 2 km of underground development completed [3][4] - Six drilling rigs are operational, with four for infill drilling and two for extensional drilling, indicating a significant investment in resource expansion [4] Resource Update Expectations - The upcoming resource update is expected to show continued growth in the overall size of the resource and a conversion of inferred resources into measured and indicated categories, aiming for 70% conversion [4][5] - The company anticipates a strong economic potential due to high grades and thicknesses of mineralization, with a focus on early payback and cash flow [5][6] Economic Context - Current market prices for copper are above $11,000 per tonne and gold is at record highs above $4,300 per ounce, enhancing the economic viability of the project [7] - The existing mill has a capacity of 500,000 tonnes per annum, which is insufficient for the large-scale ore body, prompting plans for a new, appropriately scaled mill [8][9] Mining Methodology and Infrastructure - The company plans to adopt bulk mining methods suitable for the ore body, with decline development already reaching 900 meters below the surface [9][10] - Ground conditions are reported to be exceptional, allowing for deeper mining operations, with comparisons to other successful Canadian mines [10] Metallurgical Improvements - Recent metallurgical test results show copper recovery rates of 98% and gold recovery improved from 60% to 85% through a dedicated processing plant, significantly impacting project economics [11] Financing and Exploration Potential - The company is exploring non-dilutive financing options and is moving rapidly towards production [12] - Regional exploration is a key focus, with the potential for discovering additional deposits, as the area has a history of multiple mines [12][13] Upcoming Catalysts - Key upcoming events include the release of drill results, the resource update by year-end, and mining studies in the first half of next year [14] Additional Important Information - The support from local communities and government is described as unprecedented, with environmental approvals obtained in just 45 days [1][2] - The Fraser Institute ranks Newfoundland among the top six jurisdictions globally for government policy, highlighting its favorable operating environment [2]