Core Viewpoint - ValOre Metals Corp. has appointed Lycopodium Marine & Modular Pty Ltd as the lead process engineering consultant for the Preliminary Economic Assessment (PEA) of its Pedra Branca Platinum Group Elements project in Brazil, aiming to enhance the project's development and align with industry standards [1][2]. Company Overview - ValOre Metals Corp. is a Canadian company focused on projects with substantial prior investment and high-value mineralization, aiming to add value through exploration and innovation [6]. - The Pedra Branca project encompasses 45 exploration licenses over 51,096 hectares in northeastern Brazil, with an inferred resource of 2.198 million ounces of 2PGE+Au at a grade of 1.08 g/t [7][8]. Engineering Consultant Appointment - Lycopodium will provide process engineering and study support services to advance Pedra Branca towards a PEA that conforms to National Instrument 43-101 standards [2]. - The scope of Lycopodium's work includes process flowsheet development, mass and energy balances, equipment selection, and cost estimates [7]. Lycopodium's Expertise - Lycopodium has over 30 years of experience in the resources industry, having designed and built numerous mineral processing plants with capacities exceeding 85 million tonnes per annum [4]. - The company has a proven track record in delivering value-optimized process plants on budget and schedule, enhancing confidence in the Pedra Branca project's development [3][4]. Project Development Outlook - ValOre's CEO expressed confidence in the successful development of the Pedra Branca project due to Lycopodium's expertise and the strong global demand for new sources of Platinum Group Elements [2].

Core Viewpoint - GMV Minerals Inc. has successfully closed a non-brokered private placement, raising a total of $4,530,500 through the sale of 22,652,500 units priced at $0.20 per unit [1] Group 1 - The private placement was announced on December 5, 2025, and December 16, 2025 [1] - The total gross proceeds from the placement amount to $4,530,500 [1] - Each unit in the private placement was priced at $0.20 [1]

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the company's board of directors (the board) appointed four new directors as part of a board refreshment initiative. Joe Reece, non-executive chair of the board, commented, "The addition of these directors further enhances the expertise on the board to support the company as it focuses on its core Salt and Plant Nutrition businesses. Importantly, the additions bri. ...

Core Viewpoint - Titan Mining Corporation has successfully closed a US$15 million private placement to enhance its financial flexibility for advancing the Kilbourne Graphite Project and executing its U.S. graphite growth strategy [1][2]. Financing Details - The private placement involved the issuance of 6,666,666 special warrants at a price of US$2.25/C$3.10 per warrant, resulting in gross proceeds of approximately US$15 million [2]. - Each special warrant will convert into one common share and one common share purchase warrant upon meeting certain conditions [2]. Warrant Information - The warrants will be exercisable for up to three years, with 50% exercisable at a 35% premium and the remaining 50% at a 65% premium to the issue price [3]. - The company has the option to call the warrants if its common shares trade above 150% of the applicable exercise price for 15 trading days within any 30-day period [3]. Company Overview - Titan Mining Corporation is a producer of zinc concentrate and is emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of natural flake graphite in the USA in 70 years [5]. - The company is committed to developing critical minerals assets to enhance the security of the domestic supply chain [5].

Core Insights - The article discusses the strategic initiatives of Locksley Resources Ltd. to establish a fully integrated "Mine to Market" supply chain for antimony in the U.S. [1][9] Industry Overview - Antimony has been designated as a critical mineral by the U.S. Department of the Interior due to its importance in national security and various economic sectors, with significant supply chain risks due to reliance on imports from China and Russia [4] - The global antimony market is projected to reach USD 4.38 billion by 2035, with a CAGR of 6.0% from a valuation of USD 2.45 billion in 2025 [5][6] Company Developments - Locksley Resources is advancing the Mojave Project in California, focusing on antimony and rare earth elements, and is implementing a mine-to-market strategy to reestablish domestic supply chains [9][25] - The company has initiated the engineering partner selection process for a pilot plant design, engaging with Tier 1 U.S. service providers as part of its accelerated development program [11][12] - A recent capital raise secured approximately A$17 million, indicating strong investor confidence in Locksley's strategy [14][16] - The appointment of Stacy Newstead to the advisory board enhances Locksley's engagement with U.S. partners and access to federal programs supporting domestic critical mineral supply chains [19][20] Technical Progress - Locksley has achieved a concentrate grade of 68.1% Sb and is conducting metallurgical optimization work to support project planning [13][25] - The company has established an exploration target at the Desert Antimony Mine (DAM) containing between 19,400 to 67,000 tons of antimony metal, with recent bulk sampling showing high head grades of 7.6% to 7.8% Sb [27][28]

Group 1 - GMV Minerals Inc. has increased the size of its non-brokered private placement from C$4,000,000 to C$4,550,000 due to strong investor demand [1] - The announcement of the private placement was initially made on December 5, 2025 [1] - The offering is aimed at raising aggregate gross proceeds to support the company's initiatives [1]

Core Viewpoint - Titan Mining Corporation has secured a US$15 million investment to enhance its balance sheet and expedite the development of its Kilbourne Graphite Project in New York State [1][2]. Investment Details - The investment will be executed through a private placement of 6,666,666 special warrants at a price of US$2.25/C$3.10 per warrant [3]. - Each special warrant grants the holder the right to receive one common share and one common share purchase warrant upon meeting certain conditions [3]. Project Advancement - The new funding, along with US$5.5 million support from the U.S. EXIM Bank, positions Titan to fast-track the completion of the Kilbourne Graphite Feasibility Study in 2026 and move towards construction [2]. Warrant Terms - The warrants will be exercisable for up to three years in two tranches, with 50% exercisable at a 35% premium and the remaining at a 65% premium to the issue price [4]. - The company may call the warrants if its common shares trade above 150% of the applicable exercise price for 15 trading days within any 30-day period [5]. Company Overview - Titan Mining Corporation is a zinc concentrate producer operating the Empire State Mine in New York and is emerging as a natural flake graphite producer [7]. - 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 [7].

Core Viewpoint - Titan Mining Corporation is positioning itself as the only end-to-end domestic producer of natural graphite in the U.S., enhancing the supply of critical minerals and addressing supply chain vulnerabilities [1][3][4] Group 1: Project Development - Ore feeding has commenced at Titan's Kilbourne graphite demonstration facility, marking a significant step towards the first production of graphite concentrate in over 70 years [1][2] - The Kilbourne Project aims to reach an annual production capacity of 40,000 tonnes of graphite concentrate, potentially supplying nearly half of the current U.S. natural graphite demand [3][4] Group 2: Economic and Financial Support - The project has received strong backing from the Export-Import Bank of the United States, including an additional $5.5 million in non-dilutive funding and a non-binding Letter of Interest for up to $120 million in project financing [4] - The Kilbourne Project Study confirmed robust project economics, underscoring the strategic importance of restoring a fully integrated U.S. graphite supply chain [4] Group 3: Strategic Importance - The establishment of a secure U.S. supply of battery-grade natural flake graphite is crucial for energy storage, defense, and strategic industries [2][4] - The commencement of operations at the Kilbourne facility is seen as a pivotal moment for U.S. critical minerals independence [2]

Core Viewpoint - Tronox Holdings received letters of support from the Export-Import Bank of the United States and Export Finance Australia for potential financing of up to $600 million to enhance its rare earth supply chain [1][2]. Group 1: Financing and Support - The financing will support the development of Tronox's rare earth supply chain, including mine extensions, infrastructure support, and cracking and leaching capacity [2]. - The letters of support align with the US-Australia Critical Minerals Framework and EFA's Single Point of Entry Framework, which includes Australia's $4 billion Critical Mineral Facility established in 2021 [4]. Group 2: Company Operations and Market Impact - Tronox is advancing a definitive feasibility study for a proposed cracking and leaching facility in Western Australia, aimed at producing mixed rare earth carbonate containing both light and heavy rare earth elements [3]. - The company's stock surged over 32%, increasing its market capitalization to $782.4 million [4].

Financial Data and Key Metrics Changes - Consolidated revenue for fiscal year 2025 was approximately $1.25 billion, an increase of 11% year-over-year [13] - Adjusted EBITDA for the fourth quarter grew significantly to $42 million from roughly $16 million the previous year [12] - Consolidated net loss improved to $7.2 million from a net loss of $48 million in the same period last year [12] - For the full fiscal year, consolidated net loss was $80 million, compared to a net loss of $206 million a year ago [14] Business Line Data and Key Metrics Changes - Salt business revenue in Q4 was $182 million, up from $163 million a year ago, with total volumes increasing by 13% [14] - Highway de-icing volumes increased by 20% year-over-year, while CNI volumes declined by 3% [15] - Plant nutrition segment saw a 19% increase in volumes for the full year, totaling 326,000 tons, despite a 9% volume dip in Q4 [18] Market Data and Key Metrics Changes - Inventory values and volumes for North America highway de-icing were lower by 33% and 36% respectively compared to the prior year [19] - The company expects sales volumes to decline approximately 8% at the midpoint of guidance for 2026, driven by typical winter weather assumptions [23] Company Strategy and Development Direction - The company is focused on a back-to-basic business model, improving financial position, and enhancing operational efficiency [5][10] - Strategic initiatives include rationalizing corporate costs and improving operational aspects of the business, particularly in the salt segment [8][9] - The company plans to implement a Fatal Risk Management System and develop life-of-mine planning processes to enhance operational efficiency [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's improved financial stability and operational efficiency, positioning it well for future growth [21] - The guidance for total company Adjusted EBITDA for 2026 is projected to be between $200 million and $240 million, with salt segment Adjusted EBITDA expected to improve [22][23] - Management acknowledged the importance of winter weather in driving demand and sales volumes for the upcoming season [23] Other Important Information - The company successfully refinanced its debt, enhancing liquidity and providing greater financial flexibility [20] - Legal and tax matters have been resolved, allowing the company to focus on operational efficiencies [21] Q&A Session Summary Question: Could you address the volume decline forecast in highway de-icing? - Management indicated that the decline is a reversion to typical winter assumptions, not a structural decline [32] Question: What are the drivers for reaching the upper and lower ends of the EBITDA guidance? - The primary driver is expected to be winter weather, along with operational efficiencies [35][36] Question: Will inventories grow next year given the expected volume declines? - Management confirmed that they will align inventories with production levels to meet demand, indicating no plans to build excess inventory [39][40] Question: Were there one-time benefits in the fourth quarter affecting plant nutrition projections? - Management noted that price upside will primarily influence the projections for plant nutrition [45]