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ATEX Announces Leadership Transition
TMX Newsfile· 2026-02-02 12:00
Board Member Chris Beer Appointed Interim President and CEOSearch Initiated to Identify New President and Chief Executive OfficerToronto, Ontario--(Newsfile Corp. - February 2, 2026) - ATEX Resources Inc. (TSXV: ATX) (OTCQB: ATXRF) ("ATEX" or the "Company") today announced that its Board of Directors (the "Board") has appointed Chris Beer, a member of the Board of ATEX, as Interim President and Chief Executive Officer, as Ben Pullinger has stepped down as President and Chief Executive Officer, for persona ...
Eldorado Gold to Buy Foran Mining for About C$3.8 Billion
WSJ· 2026-02-02 11:54
Group 1 - Eldorado Gold has agreed to acquire Foran Mining for approximately 3.8 billion Canadian dollars, equivalent to US$2.79 billion, which includes debt [1]
Stocks Set to Open Lower as Risk Sentiment Weakens, U.S. Jobs Data and Earnings in Focus
Yahoo Finance· 2026-02-02 11:29
Economic Data - The U.S. producer price index (PPI) for final demand increased by +0.5% month-over-month (m/m) and +3.0% year-over-year (y/y) in December, surpassing expectations of +0.2% m/m and +2.7% y/y [1] - The core PPI, excluding food and energy, rose by +0.7% m/m and +3.3% y/y in December, also exceeding expectations of +0.2% m/m and +2.9% y/y [1] - The Chicago PMI for January rose to 54.0, significantly above the expected 43.5 [1] Stock Market Performance - Major equity averages on Wall Street ended lower, with chip stocks like KLA Corp. (KLAC) dropping over -15% and Advanced Micro Devices (AMD) falling more than -6% [2] - Mining stocks also declined sharply, with Coeur Mining (CDE) down over -16% and Hecla Mining (HL) sliding more than -14% [2] - PennyMac Financial Services (PFSI) plummeted over -33% after reporting disappointing Q4 results [2] - Conversely, Deckers Outdoor (DECK) surged more than +19% after better-than-expected FQ3 results and an increase in full-year guidance [2] Corporate Earnings and Economic Outlook - Investors are anticipating a new round of corporate earnings reports from major companies including Alphabet (GOOGL), Amazon.com (AMZN), and others, with S&P 500 companies expected to report an average +8.4% increase in Q4 earnings compared to the previous year [8][9] - The U.S. January Nonfarm Payrolls report is awaited for insights into the labor market and its implications for monetary policy, with revisions expected to show a significant markdown in hiring pace [10] - Several Federal Reserve officials are scheduled to speak this week, with discussions likely focusing on the current inflationary environment and interest rate policies [11] Global Market Trends - The Euro Stoxx 50 Index is down -0.07%, with mining stocks declining due to falling metal prices [14] - In Japan, the Nikkei 225 Index closed lower as risk sentiment soured, despite initial gains from a weaker yen and positive election polls [19] - China's Shanghai Composite Index experienced a significant drop, influenced by disappointing economic data and geopolitical concerns [16][17] Company-Specific Developments - Oracle (ORCL) announced plans to raise $45 billion to $50 billion for cloud infrastructure expansion, raising concerns about its debt burden [4][21] - Nvidia (NVDA) shares fell about -2% after CEO Jensen Huang clarified that the proposed $100 billion investment in OpenAI was not a commitment [4][22] - Palantir Technologies (PLTR) rose over +2% in pre-market trading following an upgrade from William Blair [22]
X @Bloomberg
Bloomberg· 2026-02-02 10:42
The red-hot trade in metals and mining stocks is crumbling just as droves of individual investors began piling in https://t.co/32UmIksGfZ ...
Roth Capital Upgrades Energy Fuels (UUUU) to ‘Neutral’; Raises PT to $15.00
Yahoo Finance· 2026-02-02 09:16
Core Viewpoint - Energy Fuels Inc. (NYSE:UUUU) has been recognized as one of the best-performing stocks over the past year, reflecting strong market sentiment and strategic growth initiatives [1]. Group 1: Stock Upgrade and Market Sentiment - Roth Capital upgraded Energy Fuels from 'Sell' to 'Neutral' and raised its price target from $13.00 to $15.00, indicating increased confidence in the company's short-term growth drivers and improved investor sentiment [2]. - The firm acknowledges that while the stock may appear stretched, favorable uranium prices and positive market psychology could mitigate the risks of a short-term correction [2]. Group 2: Strategic Acquisition - Energy Fuels agreed to acquire Australian Strategic Materials (ASM) for $300.9 million, representing a 121% premium over ASM's closing price on January 20, 2026 [3]. - Under the acquisition agreement, ASM shareholders will receive 0.053 Energy Fuels shares per ASM share, along with a special dividend of up to A$0.13, equating to A$1.6 per share [3]. Group 3: Expansion of Operations - The acquisition significantly enhances Energy Fuels' rare earth footprint by integrating ASM's Korean metallization plant and planned U.S. facility with its White Mesa Mill in Utah [4]. - The company is also expanding its pipeline of global development projects aimed at securing non-Chinese critical mineral supply chains [4]. Group 4: Company Overview - Energy Fuels Inc. is a U.S.-based mining company focused on uranium, vanadium, and rare earth production, with key operating assets including the White Mesa Mill [5].
Global Tensions Mount as Nuclear Treaty Nears Expiration; European Stocks Slide on Resource Woes
Stock Market News· 2026-02-02 08:38
Geopolitical Developments - The New START treaty between the U.S. and Russia is set to expire, marking the end of the last major nuclear arms control agreement, raising concerns about global strategic stability and the potential for an unconstrained nuclear arms race [2] - Iran has summoned all EU ambassadors in response to the EU's designation of its Revolutionary Guard as a terror group, while the Iranian Foreign Minister indicated a realistic approach in ongoing negotiations with the U.S. [3] Market Performance - Europe's Basic Resources Index fell sharply by 3.3%, indicating its largest daily drop in nearly ten months, affecting major companies like Glencore, which dropped by 4.1%, and Julius Baer, which fell by 1.9% [5] - Economic data from Europe showed mixed results, with Switzerland's Manufacturing PMI at 48.8, below expectations, while the Services PMI rose to 53.8, indicating expansion [6] Corporate News - Royal Caribbean Group received a target price increase from JP Morgan, moving from $368 to $371 [7] - Tesla saw a significant increase in new registrations in Sweden, up 26.4% year-over-year in January [7] - Lloyds had its rating cut to "Sell" from "Hold" by Shore Capital, although its target price was raised from 84p to 91p [7]
X @Bloomberg
Bloomberg· 2026-02-02 02:44
Japan is accelerating a decade-old plan to extract rare earths from the deep seabed, an ambitious initiative given extra impetus by the country’s drive to cut reliance on Chinese supply https://t.co/NoORNcfi6F ...
VALUE: After Hours (S08 E03): Ian Cassel on MicroCapClub, the PlanetMicroCap acquisition and IntelligentCM
Acquirersmultiple· 2026-02-01 23:08
Group 1 - Ian Cassel has acquired Planet MicroCap, which has been running in-person events in the microcap ecosystem for 14-15 years, to enhance collaboration and visibility in the microcap space [5][6][8] - The upcoming event in Las Vegas from June 16th to 18th has already attracted 220 investors, indicating strong interest in microcap investments [8][10] - The iShares Micro-Cap ETF (IWC) has outperformed the S&P 500 in 2025, suggesting a "risk-on" market environment, although this may indicate a nearing end to the bull market [10][11][12] Group 2 - The microcap space has seen a significant performance boost, with profitable microcaps outperforming the S&P, which is often a sign of market frothiness [10][11][12] - There is a call for more small, profitable companies to go public, as the benefits of being public can outweigh the costs, contrary to common belief [13][14] - The microcap sector is currently benefiting from trends in resources like gold, silver, and copper, as well as AI and data centers, which are driving performance [18][19][21] Group 3 - The discussion highlights the psychological aspects of investing, categorizing investors into types such as "rabbits," "assassins," and "hunters," based on their reactions to stock performance [34][36][38] - Successful investors often let their winners run, contrasting with those who quickly take small gains, which can hinder overall returns [57][59][62] - The conversation emphasizes the importance of position sizing and the need for a balanced approach to managing investments in the microcap space [67][68]
贵州深化改革蓄势赋能激活力
Xin Lang Cai Jing· 2026-02-01 22:23
转自:贵州日报 深化国企改革。深入实施国企改革深化提升行动,143项重点改革任务全面收官。监管企业营业收入、 利润总额等指标稳步增长,利润总额跃居全国省级国资监管企业前三。出台省属国企协同监管办法和职 责清单,推动监管向精准化、专业化转型;实施分类考核机制,引导企业实现经济效益与社会效益统 一。完成西南能矿、大数据、物流及铝业集团专业化整合。推进融资平台转型,制定三年攻坚方案,支 持7户省属企业成功退出平台,助力企业轻装上阵、聚焦主业。 优化营商环境。坚持"治改管建"并举,出台方案着力优化营商环境。在制度建设上,全面推行招标投标 领域公平竞争审查、招标计划提前发布等机制,清理妨碍公平竞争的文件74件,有效破除隐性壁垒。在 服务创新上,完善领导干部联系商协会制度,"企业之家"服务平台高效办结企业诉求,银企合作持续深 化。在数字治理上,创新推出政务服务"云勘验"机制,勘验效率提升70%,数字政府建设走在全国前 列。32项涉营商环境改革扎实推进,全年新增经营主体57.66万户,民间投资增长2.1%。 完善现代产业化体系。围绕构建现代化产业体系,开展经营主体活动发生地统计改革试点,为精准施策 提供数据支撑。实施重大项 ...
Eramet: Announcement from the Board of Directors regarding the management of the Group
Globenewswire· 2026-02-01 21:45
Core Viewpoint - The Board of Directors of Eramet has terminated the mandate of CEO Paulo Castellari due to operational method divergences, effective immediately, and appointed Chairwoman Christel Bories as interim CEO while searching for a new CEO [1][2]. Group Management Changes - Paulo Castellari's termination as CEO is attributed to differences in operational methods [1]. - Christel Bories has been appointed as interim CEO, with the intention to separate the roles of Chair and CEO once a new CEO is selected [2]. Company Performance and Strategy - The Board expresses gratitude to Paulo Castellari for his contributions and emphasizes ongoing commitments to safety, operational performance, and cost reduction in a challenging environment [3]. - Eramet's portfolio includes world-class assets that are well-positioned to support the energy transition, with a successful lithium site ramp-up in Argentina serving as a new growth pillar [3]. Upcoming Financial Reporting - The publication of the Group's annual results is scheduled for February 18, 2026 [4]. Company Overview - Eramet focuses on transforming Earth's mineral resources to provide sustainable solutions for industrial growth and energy transition challenges, with a commitment to responsible practices across its operations [5]. - The company recovers and develops essential metals such as manganese, nickel, lithium, and cobalt, contributing to sustainable infrastructure and technology [6].