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Marimaca Copper Announces Closing of Second Tranche of US$17.7 Million Non-Brokered Private Placement
Globenewswire· 2025-06-13 20:05
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of approximate ...
American Eagle Closes Private Placement by South32
Newsfile· 2025-06-12 13:08
Toronto, Ontario--(Newsfile Corp. - June 12, 2025) - American Eagle Gold Corp. (TSXV: AE) ("American Eagle" or the "Company") is pleased to announce that, further to the Company's press release dated June 5, 2025 (see News Release), it has closed its previously announced private placement of 1,156,000 charity flow-through common shares of the Company (the "Charity FT Shares") at a price of C$0.71 per Charity FT Share for aggregate gross proceeds of approximately C$820,000 (the "Offering"). A wholly owned s ...
New Gold Announces Redemption of Remaining Outstanding 7.50% Senior Notes
Prnewswire· 2025-06-11 21:00
Group 1 - New Gold Inc. has announced the redemption of the remaining $111 million aggregate principal amount of its 7.50% Senior Notes due 2027, scheduled for July 15, 2025 [1] - The redemption will be financed through the remaining proceeds from the Company's March 2025 senior notes offering and cash on hand [1] Group 2 - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [2] - The Company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining for shareholders and stakeholders [2]
Marimaca Copper Announces Closing of First Tranche of US$17.7 Million Non-Brokered Private Placement
Globenewswire· 2025-06-11 16:17
Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law. VANCOUVER, British Columbia, June 11, 2025 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca” or the “Company”) (TSX: MARI) (ASX: MC2) is pleased to announce the closing of the first tranche of the previously announced non-brokered private placement (the “Private Placement”). Pursuant to the Private Placement, Assore Inte ...
Taseko Mines: Putting Another Catalyst On The Board
Seeking Alpha· 2025-06-11 10:40
Company Overview - Taseko Mines Limited is a small-cap copper producer based in British Columbia and Arizona [1] - The flagship asset is the Gibraltar mine located in British Columbia [1] - The near-term Florence Copper project in Arizona is expected to be a significant contributor to the company's growth [1] Investment Perspective - The company is positioned as an attractive investment opportunity due to its high optionality to the upside compared to relative downside risks [1] - The investment approach is grounded in value-based analysis while also considering special and short situations [1]
Terra Metals Inc. 和 Lunda Resources 确认 Kalaba 项目实现 96.5% 铜回收率及太阳能绿色生产
Globenewswire· 2025-06-10 17:18
北卡罗来纳州夏洛特,赞比亚卢萨卡, June 11, 2025 (GLOBE NEWSWIRE) -- Terra Metals Inc. 与其赞比亚子公司 Lunda Resources Ltd. 联合宣布,其在赞比亚西北部的 Kalaba 铜矿项目取得重大冶金突破。 由 YCS Sustainable Solutions Ltd. 的 Yotamu Hara 博士主导的独立实验证实,项目浮选法回收率超过 96.5%,精矿品位达 26.91% 含铜量——这对氧化矿为主的矿石来说堪称卓越成果。 技术亮点: 浮选法累计铜回收率达 96.52%(参见 Hara 报告第 30 页),硫化精矿含铜量为 26.91%,氧化精矿含铜量为 4.31%。项目通过先进化学药剂实现浮选突破,特别是采用 CMC 抑制剂处理高达 54% 的滑石含量,成功解决了曾经的重大工艺障碍。矿石所具备的提纯潜力支持低成本的溶剂萃取浸出工艺,使 Kalaba 成为非洲成本最低的绿色铜产项目之一。符合 NI 43-101 标准的资源量评估报告预计于 2025 年 7 月底前发布。 绿色关键矿产示范项目: 项目已获得赞比亚环境管理局 (ZEMA, Z ...
McEwen Mining (MUX) Conference Transcript
2025-06-10 16:00
Summary of McEwen Mining and McEwen Copper Conference Call Company Overview - **Company Name**: McEwen Mining (Ticker: MUX) and McEwen Copper - **Key Personnel**: Rob McEwen (Chairman and Chief Owner), Michael Ametting (VP and General Manager of McEwen Copper) [2][1] Industry Insights - **Copper Market**: The current market for commodities, particularly copper, is seen as opportune due to projected deficits and increasing demand driven by electric vehicles, renewable energy, and AI infrastructure [6][7] - **Gold Market**: Historical trends indicate that gold prices are expected to rise, with potential future scenarios where gold could significantly outperform the Dow Jones Industrial Average [8][9] Key Projects - **Los Azules Project**: - Located in the Andes along the border of Chile and Argentina, it is projected to be one of the largest copper deposits that can be developed [34][18] - McEwen Mining owns 46.4% of McEwen Copper, which owns 100% of the Los Azules project [34][35] - The project aims to produce "green copper" with a focus on sustainability and minimal environmental impact [26][31] Financial Performance - **Stock Performance**: Since September 2022, McEwen Mining's stock has increased by 221% [14] - **Production Guidance**: For 2024, total production is expected to be between 120,000 and 140,000 gold equivalent ounces, with an all-in sustaining cost of up to $2,000 per ounce [47] - **Cash Flow**: Positive cash flow is anticipated, with projections of around $30 million for the year [82] Strategic Initiatives - **Sustainability Focus**: McEwen Copper is committed to environmentally responsible mining practices, including the use of heap leaching technology to minimize water usage and eliminate the need for tailings dams [31][57] - **Community Engagement**: The company plans to create over 1,000 high-quality jobs in the San Juan region, emphasizing safety, dignity, and livability for workers [28][27] Future Plans - **Financing for Los Azules**: The project requires approximately $3 billion in financing, with expectations of strategic investors contributing significantly [59][60] - **IPO Plans**: An IPO for McEwen Copper is anticipated post-feasibility study, which is expected to be completed in late July or early Q3 [65][66] Market Positioning - **Valuation Comparisons**: McEwen Copper's valuation is considered attractive compared to other projects in the region, with significant upside potential based on resource size and market conditions [37][38] - **Exploration Potential**: The company has identified multiple exploration targets within its property, indicating substantial growth opportunities [42][80] Risks and Challenges - **Inflation and Costs**: Inflation in Argentina has been a concern, with costs expected to rise by approximately 20% internationally [39][40] - **Geotechnical Considerations**: Recent drilling has revealed complexities in the deposit that may impact future mining operations [78][79] Conclusion - McEwen Mining and McEwen Copper are positioned to capitalize on the growing demand for copper and gold, with a strong focus on sustainability and community impact. The upcoming feasibility study and strategic financing efforts are critical for advancing the Los Azules project and enhancing shareholder value [84][90]
Fitzroy Minerals Drilling Update: 110 m @ 1.94% Cu, Including 58 m @ 3.06% Cu at the Buen Retiro Copper Project, Chile
Thenewswire· 2025-06-09 14:20
Core Viewpoint - Fitzroy Minerals Inc. has reported significant drilling results from the Buen Retiro Copper Project, indicating a large-scale and high-grade copper mineralization system, particularly highlighted by drill hole BRT-DDH022 which returned 110 m @ 1.94% Cu [1][2][5]. Exploration and Drilling Results - The ongoing drilling program at Buen Retiro has confirmed the presence of high-grade copper mineralization, with BRT-DDH022 intersecting 110 m @ 1.94% Cu and 416 ppm Co, including 58 m @ 3.06% Cu from 97 m [5][8]. - Historical drill holes in the Southwest Area have shown a trend with several hundred meters of strike length, returning intersections with grades over 1% copper [2][15]. - The project covers an area of 13,240 hectares and is strategically located near significant infrastructure, facilitating rapid development [3][30]. Future Exploration Plans - The company plans to drill at least 8,000 m in 2025, focusing on the Southwest and North areas, with potential use of a Reverse Circulation (RC) drill rig to accelerate exploration [7][23]. - Exploration efforts will target near-surface copper mineralization within a 1 km-wide by 4 km-long corridor, with ongoing assessments of deeper mineralization potential [3][23]. Geological Insights - The geology of BRT-DDH022 is characterized by typical Iron-Oxide Copper Gold (IOCG) style, with significant hydrothermal alteration and the presence of high-grade copper minerals [10][15]. - The mineralization in the Southwest Area is interpreted to be associated with a sub-vertical structure, enhancing the depth potential for copper [15][16]. Assay Results and Quality Control - Assay results from the ongoing drilling have shown promising intersections, with the best results from BRT-DDH022 indicating a maximum of 12.86% Cu over a 1.0 m sample [10][8]. - The company employs rigorous QA/QC procedures, including the use of certified standards and blanks to ensure the accuracy of laboratory analyses [24][26].
Is Freeport Overvalued At $42?
Forbes· 2025-06-09 09:32
Core Viewpoint - Freeport-McMoRan has seen a 12% increase in stock price over the past month, outperforming the S&P 500, driven by rising copper prices due to global economic recovery and increased demand from construction and renewable energy sectors [2] Financial Performance - Freeport reported a decline in net income from $473 million ($0.32 per share) in Q1 2024 to $352 million ($0.24 per share) in Q1 2025, with revenue decreasing from $6.32 billion to $5.73 billion year-over-year [6] - Overall copper production fell by 20% year-over-year to 868 million pounds, primarily due to maintenance at the Grasberg mine in Indonesia [6] Market Position and Valuation - Freeport is trading at 33 times earnings and 9 times free cash flow, resulting in a low earnings yield of 3%, compared to Charles Schwab's 25 times earnings and revenue growth of 10.8% [3] - The company maintains a high valuation based on expectations of future growth, particularly in the context of rising copper demand linked to artificial intelligence [3][4] Production and Sales Guidance - Freeport has affirmed its full-year 2025 guidance, projecting copper sales of approximately 4.0 billion pounds, gold sales of 1.6 million ounces, and molybdenum sales of 88 million pounds [7] - The company anticipates net cash costs to improve to $1.50 per pound, down from $2.07 per pound reported in Q1 [8] Strategic Outlook - Despite challenges in Q1 2025, Freeport's copper sales exceeded expectations, supported by strong U.S. operations and increased market premiums [9] - The company is committed to long-term growth with a $5 billion capital expenditure plan for smelter projects, mine expansions, and sustainability efforts [9]
美国IPO一周回顾及前瞻:上周有2家企业IPO,9家企业递交申请(含SPAC)
Sou Hu Cai Jing· 2025-06-09 07:43
Core Insights - The article highlights the significant performance of recent IPOs, particularly Circle's record-breaking debut, which saw a first-day increase of 168% and ended the week with a 247% rise [1][2]. Group 1: Recent IPO Performance - Circle Internet Group (CRCL) raised $1.1 billion at a market cap of $7.9 billion, with a first-day return of 168% and a total return of 247% by the end of the week [2][3]. - Omada Health (OMDA) raised $150 million at a market cap of $1.2 billion, achieving a first-day return of 21% [2][3]. - The article notes that Circle's USDC stablecoin holds nearly one-third of the market share, positioning the company to benefit from favorable trends in the cryptocurrency sector [2]. Group 2: Upcoming IPOs - Chime (CHYM) plans to raise $800 million with a projected market cap of $10.5 billion, reporting 8.6 million active members as of March 31, 2025 [6]. - Voyager Technologies (VOYG) aims to raise $303 million with a market cap of $1.6 billion, focusing on defense, national security, and space solutions [7]. - Ategrity Specialty Insurance (ASIC) plans to raise $100 million with a market cap of $719 million, specializing in excess and surplus insurance products for small and medium-sized enterprises [8]. Group 3: New Filings - Three IPOs and two SPACs submitted initial applications last week, including Aura Minerals (AUGO) seeking $100 million, CoastalSouth Bancshares (COSO) seeking $80 million, and Gifts International (GINT) seeking $6 million [3][5]. - HCM III Acquisition (HCMAU) and Cantor Equity Partners II (CEPC.RC) are the two SPACs seeking $220 million and $200 million, respectively [4][5].