Core Viewpoint - Velocity Minerals Ltd. provides an update on the Türker Transaction, highlighting the financial arrangements and agreements with Türker Global Madencilik Sanayi ve Ticaret A.Ş. [1][2] Türker Transaction Update - Velocity received a first tranche payment and the closing of the Türker Transaction is expected within 18 months from June 23, 2025, with a potential reduction of USD $1.5 million in the second tranche if closed within 12 months [2]. Funding and Technical Services Agreement - A Funding and Technical Services Agreement was signed, where Türker will fund all costs to maintain the Subject Assets, complete field work for a Feasibility Study, and file an Environmental Impact Assessment report [3]. Amended Agreement Details - An amendment to the 2019 Investment Agreement with Artemis Gold Inc. was announced, including lock-up agreements that restrict the sale or transfer of Velocity shares under certain conditions [4]. Provisions of the Amendment Agreement - The cap on directors and board composition will terminate under specific conditions, including six months after the Türker Transaction closes [5]. Lock Up Agreements - The Lock Up Agreements will terminate under several conditions, including the sale of all shares by Artemis or six months after the Türker Transaction closes [6]. Distribution of Net Profits - Net profits distribution will be subject to various conditions, including legal restrictions and board discretion regarding reserves [7]. About the 2019 Investment Agreement - The 2019 Investment Agreement involved an initial investment of $9 million from Artemis, which included equity placements and convertible debentures [8][9]. Artemis Gold's Investment - Since 2019, Artemis has invested a total of $13,945,785 in Velocity and currently holds 25.7% of the issued and outstanding common shares [11]. About Artemis Gold - Artemis Gold is focused on gold and silver production, with its current project being the Blackwater Mine in British Columbia, which achieved commercial production in May 2025 [12].

Core Insights - Natural Resource Partners L.P. (NRP) reported a net income of $30.9 million for Q3 2025, with a total net income of $148.1 million for the last twelve months [1][2] - The company generated $41.8 million in free cash flow during Q3 2025 and $190 million over the last twelve months, despite ongoing depressed market conditions for coal and soda ash [2][3] - NRP declared a cash distribution of $0.75 per common unit for Q3 2025, consistent with previous distributions [2][6] Financial Performance - NRP's net income for Q3 2025 was $30,905,000, a decrease from $38,595,000 in Q3 2024 [1][22] - Operating cash flow for Q3 2025 was $41,095,000, down from $54,145,000 in Q3 2024 [25] - Free cash flow decreased slightly from the previous year, with Q3 2025 at $41,823,000 compared to $50,101,000 in Q3 2024 [1][22] Segment Performance - Mineral Rights segment saw a net income increase of $0.2 million, but operating cash flow and free cash flow decreased by $9.2 million and $9.1 million respectively due to lower metallurgical coal prices and volumes [3][4] - Soda Ash segment net income decreased by $10.5 million compared to the prior year, primarily due to lower sales prices [7][8] - The corporate and financing segment reported an increase in net income of $2.6 million, attributed to lower interest expenses [9][10] Market Conditions - NRP anticipates continued weak pricing for coal and soda ash due to low global demand and oversupply in the market [4][8] - The soda ash market is significantly oversupplied, with no immediate catalysts for price recovery expected [8] - The carbon neutral revenue opportunities remain weak, with challenges including high operational costs and an uncertain regulatory environment [5] Corporate Actions - NRP repaid $32 million of debt in Q3 2025, maintaining a consolidated leverage ratio of 0.4x as of September 30, 2025 [10] - The company had $190.1 million in available liquidity, consisting of $31 million in cash and $159.1 million in borrowing capacity [10]

Core Insights - Focus Graphite has received conditional funding of up to $14.1 million from Natural Resources Canada to support the establishment of Canada's first electrothermal fluidized bed purification demonstration facility, aimed at producing ultra-high-purity graphite for various markets [2][3][4] Funding and Project Overview - The funding, announced at the G7 Energy and Environment Ministers' Meeting, is part of the Global Partnerships Initiative and is pending final due diligence [2][3] - The project will utilize Quebec-sourced graphite from Focus's Lac Knife and Lac Tetepisca deposits, which are among North America's highest-grade natural graphite resources, to produce graphite with purity levels exceeding 99.95% carbon [4][21] Environmental and Technological Aspects - The electrothermal fluidized bed technology is designed to produce ultra-high purity graphite with zero liquid waste and lower emissions, aligning with environmental, social, and governance (ESG) standards [3][20] - The project aims to establish a scalable and chemical-free purification process, enhancing Canada's critical mineral processing capacity [20][21] International Collaboration - The project involves collaboration with Ukrainian and American partners, including the Thermal & Material Engineering Center and American Energy Technologies Company, to leverage their expertise in engineering and purification technologies [3][5][8] - Focus Graphite has also partnered with the University of Texas at Dallas's BEACONS Battery Prototyping Facility to validate and commercialize the purified graphite for defense and advanced battery applications [7][14] Path to Commercialization - The initiative is expected to create skilled jobs and support regional economic development while establishing a domestic purification capability for Canadian-sourced graphite [21][22] - Focus Graphite plans to produce qualification samples for G7 and NATO-aligned partners, addressing the upstream bottleneck in establishing large-scale purification capacity in Canada [22][23] Future Prospects - The electrothermal platform may eventually be adapted for rare earth element purification, potentially opening new avenues for clean processing of strategic materials [23] - The project aligns with Canada's Critical Minerals Strategy, aiming to reduce dependence on foreign-controlled materials and enhance energy security [21][22]

Core Insights - Vale S.A. is primarily engaged in the production and mining of minerals, focusing on iron ore, nickel, and copper due to its diverse portfolio of mines and deposits [1] Company Overview - Vale S.A. operates in the commodities sector, specifically in the mining industry, with a strong emphasis on iron ore production [1] - The company is recognized for its ability to generate sustained free cash flows, maintain low levels of leverage, and manage sustainable debt over time [1] Investment Focus - The company is appealing to investors looking for value opportunities, particularly in emerging markets where high margins and solid investment prospects exist [1] - There is a notable interest in companies that exhibit a pro-shareholder attitude, including consistent buyback programs and dividend distributions [1]

Core Viewpoint - Linear Minerals Corp. has received approval from the Supreme Court of British Columbia for a Plan of Arrangement to spin out its Pontax West Lithium Property to its subsidiary Westlinear Minerals Corp. [1] Summary by Relevant Sections - **Arrangement Details** - The Arrangement is dated August 1, 2025, and involves the distribution of shares of Westlinear Minerals Corp. to Linear's shareholders [1] - Shareholders will receive one share of Spinco for every 10 shares of Linear owned as of the Share Distribution Record Date, which will be announced later [1]

Core Viewpoint - A class action lawsuit has been filed on behalf of shareholders of Tronox Holdings plc for common stock purchases made between February 12, 2025, and July 30, 2025 [1] Company Overview - Tronox Holdings plc operates titanium-bearing mineral sand mines and processes these materials to produce titanium dioxide (TiO2) products [1]

Core Viewpoint - Wall Street anticipates flat earnings for Silvercorp (SVM) in the upcoming quarter, with earnings expected to remain at $0.09 per share, while revenues are projected to increase by 22.5% to $83.3 million compared to the previous year [1][3]. Earnings Expectations - The earnings report is scheduled for November 6, and stock movement may depend on whether actual results exceed or fall short of expectations [2]. - A positive earnings surprise could lead to a stock price increase, while a miss may result in a decline [2]. Estimate Revisions - The consensus EPS estimate has been revised 29.17% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [12]. Historical Performance - In the last reported quarter, Silvercorp exceeded expectations by delivering earnings of $0.10 per share against an estimate of $0.09, resulting in a surprise of +11.11% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [14]. Predictive Indicators - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Silvercorp currently holds a Zacks Rank of 3, making it challenging to predict a definitive earnings beat [12]. Conclusion - While Silvercorp does not appear to be a compelling earnings-beat candidate, investors should consider other factors influencing stock performance ahead of the earnings release [17].

Group 1 - Trigg Minerals (ASX:TMG) is in the process of listing on NASDAQ, expecting to complete this within the next 5 months [1] - The company has decided on a "mainboard" listing after reviewing offers from SPACs [1][2] - Trigg plans to list American Depositary Receipts (ADRs) overseas, although it has not yet determined if it will raise capital in connection with the NASDAQ listing [2] Group 2 - A dual-listing on NASDAQ would provide Trigg access to the largest and most liquid capital market globally, potentially increasing interest and investment from U.S. investors and institutions [3] - Tribeca Investment Partners (TIP) has invested a total of $7.5 million in Trigg through placements, with a recent $2.5 million investment following a $5 million placement in September [3] - Trigg's Chair, Timothy Morrison, expressed optimism about the company's participation in the resurgence of North American industrial and supply-chain investment [4]

Core Insights - Ramaco Resources has initiated a project to establish the US' first national stockpile of rare earth elements (REEs) and critical minerals at its Brook Mine facility in Wyoming [1][2] - The strategic critical minerals terminal (SCMT) will enable Ramaco to become a fully integrated producer of critical minerals and REEs, covering all operational stages [2][3] Project Overview - The SCMT aims to provide secure access to REE and critical minerals for both private and public sectors, addressing national needs [2] - The initiative will utilize Ramaco's mineral resources alongside external expertise for extraction, processing, and inventory management, reducing supply chain risks [3] Operational Details - Ramaco plans to process its own materials and offer tolling services for third-party producers, enhancing the domestic supply chain [4] - The terminal will manage inventory to ensure safety and market price availability, with the Brook Mine having direct access to transportation infrastructure [4] Financial and Production Goals - The project is expected to generate stable cash flows and serve as a national infrastructure asset [5] - Ramaco aims to increase annual rare earth and critical mineral oxide production to approximately 3,400 tonnes, reflecting a 174% increase [6] Resource Potential - The Brook Mine spans over 15,800 acres, with 4,500 acres permitted, and is a primary source of scandium, gallium, germanium, and heavy and light REEs [5] - An estimated 1.4 million tonnes of total rare earth oxide (TREO) has been confirmed, with potential for further increases through exploration [6][7]

Core Viewpoint - Titan Mining Corporation is advancing towards listing on the NYSE American, with administrative steps already in progress [1][3] Company Actions - The Board of Titan has approved a consolidation of shares at a ratio of one new Common Share for every 1.5 existing Common Shares, pending approval from the Toronto Stock Exchange [2] - The consolidation aims to align Titan with typical U.S. market standards and will not affect shareholders' proportionate ownership [3] - Following the consolidation and final approval, Titan expects its Common Shares to trade on the NYSE American under the symbol "TII" while continuing to trade on the OTCQB and TSX under their respective symbols [3] Leadership Commentary - Rita Adiani, President and CEO, emphasized that securing NYSE American pre-clearance is a significant milestone for Titan's growth and aims to expand its U.S. investor base [4] Company Overview - Titan Mining Corporation is a producer of zinc concentrate at its 100%-owned Empire State Mine in New York and is emerging as a natural flake graphite producer [4] - The company aims to be the first end-to-end producer of natural flake graphite in the USA in 70 years, focusing on enhancing the domestic supply chain of critical minerals [4]