Company Name Change - The company has received TSX approval to change its name from "Green Battery Minerals Inc." to "First Canadian Graphite Inc." [1] - The common shares will commence trading under the new name and symbol FCI on June 20, 2025 [2]. Share Structure - There is no consolidation of the company's share capital associated with the name change, meaning shareholders do not need to exchange existing share certificates [3]. - The name change does not affect the company's share structure or the rights of shareholders, and no further action is required by existing shareholders [3].

Core Viewpoint - Compass Minerals (CMP) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on a company's changing earnings picture, specifically the consensus of EPS estimates from sell-side analysts [1][2]. - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Compass suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) [7]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, indicating the effectiveness of the system [7]. - The upgrade of Compass to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10]. Earnings Estimate Revisions for Compass - For the fiscal year ending September 2025, Compass is expected to earn -$0.33 per share, with no year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for Compass has increased by 39.2%, reflecting positive sentiment among analysts [8].

Core Insights - Terra Metals Inc. and Metalex Commodities have finalized negotiations to establish a new company, Lunda Resources, aimed at creating a significant copper-cobalt production enterprise in Zambia, with an initial funding commitment of $100 million [1][4] - The partnership highlights the deepening cooperation between the U.S. and Africa in the clean energy transition and marks an important diplomatic and commercial milestone in the region's mining industry [1][4] Company Leadership and Structure - Mumena Mushinge, Chairman of Terra Metals Inc., will serve as Chairman of Lunda Resources, while Ayo Sopitan, CEO of Metalex Commodities, will take on the role of CEO for the new company [2] - Brian Chisala, Executive Director of Terra, will also join the leadership team, enhancing the joint venture's expertise in cross-continental operations [2] Project Milestones and Infrastructure - A copper-cobalt processing plant with a capacity of 240 tons per hour is under construction in Zambia, set to commence operations in September 2025, aimed at processing high-grade ore and supplying strategic markets, including the U.S. [3] - The project will utilize the Lobito railway corridor for direct logistics to Atlantic ports, facilitating efficient transportation of mineral products [3] Funding and Financial Commitments - Metalex Commodities has committed to raising $100 million over the next nine months to support the plant's completion, logistics and export infrastructure, and community integration projects, along with environmental, social, and governance compliance [3] - Terra Metals Inc. has signed a share purchase agreement with Waskahigan Oil and Gas Corp. (WOGC), allowing it to access the North American public capital markets and enabling institutional investors to participate in Lunda Resources' development [3] U.S. Government Support and Strategic Importance - The formal signing ceremony at the U.S. Embassy in Lusaka reflects Washington's increasing focus on the security of critical mineral supply chains, particularly those essential for electric vehicles, renewable energy, and energy storage systems [4] - The project aligns with the U.S. State Department's Mineral Security Partnership (MSP) objectives, reinforcing Zambia's critical position in the global mineral supply chain [4]

Summary of Westwater Resources (WWR) Conference Call - May 27, 2025 Company Overview - **Company**: Westwater Resources Inc. (WWR) - **Industry**: Graphite production, specifically for battery anode materials Key Points and Arguments Project Updates - The qualification line at the Kelantan graphite processing plant has been successfully commissioned, producing over 800 kilograms of CHPG sample [3][4] - The qualification line can process approximately one metric ton of CFGB battery material daily, with the mainline expected to produce 12,500 metric tons per day upon Phase one completion [4] - The total cost for Phase one is estimated at CHF $245 million, with 85% of the necessary equipment already secured [4][21] - Commercial production at the Callenton facility is anticipated to begin in 2026 [4] Market Position and Demand - 100% of Phase one production capacity is already committed through existing offtake agreements, with strong demand for Phase two output of 37,500 metric tons per year [7] - Customer interest in domestically produced battery anode materials remains strong, aligning with U.S. policy goals to onshore sourcing and manufacturing of critical minerals [5][6] Financing and Supply Chain - The company is working on securing a secured debt facility to cover the remaining costs of Phase one, with a strategic priority on financing reflecting market demand [10] - Recent protests at the current feedstock supplier have temporarily slowed processes, but operations are expected to resume in June [11][12] - Westwater is diversifying its supply chain by evaluating non-Chinese feedstock sources and is close to securing a backup supply agreement [12][27] Challenges and Risks - The unexpected withdrawal of an offshore institutional investor from the financing syndication has caused delays, but the company is now working with multiple lenders [10][11] - The evolving tariff landscape may impact Phase one costs, although the company believes it is somewhat shielded from inflation due to the majority of equipment already purchased [21][22] Future Opportunities - The company received a letter of interest from the Export-Import Bank, which could provide additional funding for advancing its business beyond Phase one [36][38] - The potential for additional funding from the Export-Import Bank is being explored, although it is not currently needed to complete Phase one financing [36][41] Additional Important Information - The qualification line's operation is critical for gaining experience ahead of full operations, which is seen as a game changer for the company [18][19] - The company remains committed to transparency and operational discipline while navigating opportunities and challenges in the market [13][43]

Core Viewpoint - Almaden Minerals Ltd. has established a Key Persons Retention Agreement (KPA) to retain key personnel essential for its international arbitration proceedings under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership with Mexico [1][2]. Group 1: Key Persons Retention Agreement (KPA) - The KPA is designed to ensure the active participation of key personnel, who are crucial for the Claim process, and they must fulfill specific duties to be entitled to a percentage of the proceeds [2]. - If the Claim is successful, 4.0% of the net proceeds will be allocated to the KPA for distribution among key personnel, specifically Korm Trieu (CFO) and Douglas McDonald (Executive Vice President) [3]. - The maximum aggregate amount payable under the KPA is set at US$12 million, which does not reflect the Company's view on the merits of the Claim [3]. Group 2: Approval and Fairness - The KPA will be presented for approval at the upcoming Annual General and Special Meeting of Shareholders on June 26, 2025, with full details included in the management information circular [4]. - A third-party financial advisory firm, Evans & Evans, Inc., has confirmed that the terms of the KPA are fair and reasonable from a financial standpoint for the Company's shareholders [5].

Core Insights - Homerun Resources Inc. submitted a proposal for strategic mineral transformation funding from BNDES and FINEP, highlighting strong industry interest in Brazil's energy transition [1][2] - The proposal is unique as it is the only one from a silica/silicon company, focusing on transforming raw materials into high-value solar glass, aligning with the funding call's goals [2][3] - The project aims to boost domestic value addition, create skilled jobs, and stimulate local economies while advancing technological innovation [3] Funding Program Details - The funding program amounts to R$5 billion (approximately US$824 million) and is part of the New Industry Brazil initiative, supporting large-scale industrial plants and pilot projects [4] - Approximately R$8 billion is reserved for investments in company equity, partly in partnership with mining leader Vale, to leverage additional private investment [4] Company Overview - Homerun is a vertically integrated materials leader focused on green energy solutions through advanced silica technologies, controlling the full industrial vertical from raw material extraction to energy solutions [6][10] - The company has developed a 120,000 tpy processing plant to facilitate domestic and international sales of processed silica [9] - Homerun maintains a commitment to ESG principles, utilizing sustainable production technologies and benefiting local communities [11]

Core Points - Bessor Minerals Inc. announces the resignation of Mr. Kieran Downes as a director to pursue personal interests unrelated to business endeavors [1] - Jason Riley, President and CEO of Bessor, expressed gratitude for Mr. Downes' long-standing service and contributions as a founding member and prior CEO [2] Company Summary - Mr. Kieran Downes was a founding member of the Board and served as CEO prior to his resignation [2] - The company acknowledges the guidance, knowledge, and expertise provided by Mr. Downes during his tenure [2]

FIRST QUARTER 2025 EARNINGS CONFERENCE CALL April 25, 2025 © 2025 Minerals Technologies Inc. All Rights Reserved. Forward-Looking Statements and Non-GAAP Measures This presentation may contain "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues, and financial performance, and are not limited to describing historical or current facts. They ...

V i e w p o i n t | 22 Apr 2025 14:12:07 ET │ 10 pages Metal Matters New critical minerals Section 232 poses new US arb upside and opportunities in Pd, Pt, Ni, Zn, Sn CITI'S TAKE 51 metals and minerals are the subject of a new Section 232 (S232) investigation into US critical mineral imports (Fig.1, mostly as published by USGS), reigniting US import tariff risks after broad exemptions for mineral imports from US reciprocal import levies earlier this month. We note particularly the inclusion of palladium, pl ...

Core Viewpoint - Energy Fuels, a U.S.-based miner of critical minerals, particularly rare-earth elements, is positioned to potentially alleviate shortages caused by China's recent export restrictions, but faces challenges related to production costs and the need for government support [2][5][6]. Group 1: Company Overview - Energy Fuels is involved in the mining and processing of uranium and rare-earth elements, crucial for various industries including electric vehicles and defense [2][3]. - The company has developed technology to produce six of the seven rare-earth metals affected by China's export restrictions at its White Mesa Mill in Utah [5]. Group 2: Market Context - China has suspended certain shipments of rare-earth minerals to the U.S. in response to increased tariffs imposed by the Trump administration, highlighting the geopolitical tensions affecting the critical minerals market [2][4]. - The U.S. relies heavily on imports for rare-earth elements, with 80% of its supply coming from abroad, and China accounting for 70% of those imports from 2020 to 2023 [4]. Group 3: Production Challenges - Despite Energy Fuels' technological advancements, the company acknowledges that its production costs are likely higher than those in China, making it difficult to compete without government support [6][7]. - The company has called for focused support from the U.S. government to enhance domestic rare-earth manufacturing capabilities [6].