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Freeport-McMoRan Inc. Class Action: The Gross Law Firm Reminds Freeport-McMoRan Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026 - FCX
Prnewswire· 2025-12-11 14:00
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements related to safety practices at its Grasberg Block Cave mine in Indonesia [1]. Group 1: Allegations - The complaint alleges that Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine [1]. - It is claimed that the lack of proper safety precautions posed a heightened risk that could foreseeably lead to worker fatalities [1]. - The allegations include that this situation constituted an undisclosed heightened risk of regulatory, litigation, and reputational issues [1]. - As a result, the defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [1]. - Shareholders who purchased shares during this period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1]. - The deadline for shareholders to seek lead plaintiff status is January 12, 2026 [2]. Group 3: Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [3].
San Lorenzo Gold Announces Entering Into an Advisory Engagement with Argonaut, a Proposed Private Placement and Provides a Salvadora Drilling Update
Thenewswire· 2025-12-11 14:00
Core Viewpoint - San Lorenzo Gold Corp. has engaged Argonaut Corporate Finance Limited as a strategic financial advisor and plans to conduct a non-brokered private placement to raise up to $4 million for exploration and working capital purposes [1][2][3][6]. Advisory Engagement with Argonaut - The advisory engagement with Argonaut is for an initial term of six months, extendable by mutual agreement, focusing on the Salvadora Gold/Copper project and other properties in Chile [3]. - Argonaut will receive a monthly compensation of $5,000 and 1,000,000 warrants at an exercise price of $0.80 for two years [4]. Private Placement - San Lorenzo intends to complete a private placement of units for gross proceeds of up to $4 million, with each unit priced at $0.62, consisting of one common share and one-half of a warrant [6]. - The Argonaut Group will participate as a cornerstone investor, contributing $2 million to the offering [6]. - The proceeds will be used for exploration on the Salvadora property and general working capital [8]. Conversion of Credit Facilities - Tailwind Capital Neo Fund Ltd. will convert advances from two credit facilities into common shares, with $1 million converted at $0.20 per share and $235,190 at $0.35 per share [12]. - This conversion will eliminate outstanding advances under both facilities upon closing of the offering [12]. Repayment of Term Loan - A term loan of $1 million to Lithium Chile Inc. will be satisfied by issuing units for 50% of the indebtedness at the offering price and repaying the remaining 50% in cash from the offering proceeds [13]. Drilling Update - San Lorenzo is currently drilling a fourth hole on its Cerro Blanco porphyry target, with results expected in January 2026 [14]. Company Overview - San Lorenzo is focused on advancing its flagship Salvadora property in Chile's mega-porphyry belt, with prior drilling indicating significant gold and copper resources [15].
AREC's Portfolio Company Expands Critical & Rare Earth IP Portfolio
ZACKS· 2025-12-11 13:36
Core Insights - American Resources Corporation's (AREC) portfolio company, ReElement Technologies, has expanded its intellectual property (IP) portfolio with five new patent applications aimed at enhancing its high-purity refining platform for critical minerals and rare earth elements [1][8] Intellectual Property Expansion - The new patent filings build upon ReElement's proprietary chromatographic process and advanced separation methods, allowing for the refinement of elements such as antimony, germanium, gallium, terbium, gadolinium, and yttrium to purities ranging from 99.5% to 99.999% [2][8] - The patents enhance ReElement's capability to process both heavy and light rare earth elements, as well as critical minerals vital for defense systems, semiconductors, magnets, advanced optics, and clean-energy technologies [3][8] Strategic Vision and Financial Support - ReElement emphasizes that the new IP supports its vision of a modular, clean, and scalable domestic refining infrastructure, which can be deployed near mining, recycling, or concentration sites, thereby reducing capital intensity and environmental impact compared to traditional solvent-extraction methods [4] - The patent expansion was facilitated through a non-dilutive financial arrangement with Royalty Management Holding Corp., which will receive a royalty interest on the refined output produced under the patented processes [4] Market Performance - Shares of AREC have increased by 153.4% year to date, significantly outperforming the industry's rise of 31.5% [5]
FCX INVESTOR NOTICE: Freeport-McMoRan Inc. Stock Dropped 25% after Safety Issues; Contact BFA Law about the Pending Securities Class Action
Globenewswire· 2025-12-11 13:07
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud following significant stock drops attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, captioned Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia through its affiliate PT Freeport Indonesia, where the Indonesian government holds a commercial interest [4]. - The company has been accused of overstating its commitment to safety, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide that trapped seven team members [6]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% decrease in copper sales and 6% decrease in gold sales, the stock fell by $7.69 per share (almost 17%) [7]. - On September 25, 2025, reports of strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [8]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, further impacting investor confidence [9].
Homerun Resources Inc. Announces Positive Results of Confirmation Testing by Minerali Industriali Engineering on the Santa Maria Eterna Silica Sand for the Manufacture of Antimony-Free Solar Glass
Newsfile· 2025-12-11 13:00
Core Insights - Homerun Resources Inc. has announced positive results from confirmation testing conducted by Minerali Industriali Engineering on its high purity, low iron silica sand from Santa Maria Eterna, confirming its suitability for the manufacture of antimony-free solar glass [1][5] Group 1: Testing Results - The Lab Scale Treatment Test Report confirms the silica sand's purity at 99.7% with only 24 ppm of Iron/Fe, indicating its low-contaminant nature [3] - Two sets of tests were conducted: the basic solution reduced Iron/Fe to 14 ppm, while the complete solution achieved a reduction to 8 ppm, with all other contaminants well below acceptable ranges [6] Group 2: Resource Estimates - Homerun has completed a 43-101 compliant Technical Report indicating a preliminary resource estimate of 25.56 million tonnes (Mt) Measured and 38.35 million tonnes (Mt) Inferred of high-purity silica sand (>99.6% SiO2) from one of its three assets [2] Group 3: Strategic Positioning - The high initial material quality of the Santa Maria Eterna silica sand provides Homerun with a competitive edge in producing antimony-free solar glass, as minimal upgrades are needed to meet technical requirements [5] - Homerun is focused on building a vertically integrated platform for clean energy manufacturing, leveraging its unique high-purity silica resource in Bahia, Brazil [8][9]
St. Augustine Announces Closing of Private Placement
Newsfile· 2025-12-11 11:00
Manila, Philippines--(Newsfile Corp. - December 11, 2025) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") is pleased to announce that it has closed the previously announced private placement of $1,204,500 from the sale of 16.5 million units, each unit comprising one common share and two warrants, each warrant entitling the holder to subscribe for one additional common share at $0.11 for a period of 5 years, assuming a number of development milestones are met during tha ...
大涨150%!“钴奶奶”越来越贵
起点锂电· 2025-12-11 10:40
倒计时7天 2025(第十届)起点锂电行业年会暨锂电金鼎奖颁奖典礼 &起点研究十周年庆典 2025起点用户侧储能及电池技术论坛 活动主题: 新周期 新技术 新生态 活动时间: 2025年12月18-19日 活动地址: 深圳市维纳斯皇家酒店(深圳国际会展中心京基百纳店)三楼维纳斯厅(深圳市宝安区沙井 镇沙井路118号) 主办单位: 起点锂电、起点储能、起点研究院SPIR 赞助及演讲单位: 惠州潼湖生态智慧区管理委员会/逸飞激光/小鲁锂电/派能科技/莫洛奇/融捷能源/远 东电池/诺达智慧/奥鸿智能/中天和/超业精密/北测新能源/蓝京新能源/贤辰智享/东唐智能/达力智能/ 亿鑫丰/爱签/和明机械/金力股份/孚悦科技/乾纳智能装备/多氟多/科迈罗/三合一体/果曼钠电/新能安/ 海辰储能/瑞浦兰钧/鹏辉能源//国轩吉泰美/创明新能源/德赛电池/先导智能/亿纬锂能/移族/新日股份/ 弘正储能/亮见钠电/易事特/清陶云能/信宇人/星恒电源/昆仑化学/星翼能源等 钴价格近两天短暂出现了回落,但相较来看还是太贵。 12 月 10 日金属钴现货价格报 40 . 68 万 元 / 吨,较上一日下跌 3600 元,近一周累计下跌 9 ...
S&P/ASX 200 finishes slightly higher as Materials and Energy lift the Australian stock market; James Hardie leads gains, Catalyst Metals tops losers
The Economic Times· 2025-12-11 06:05
Core Insights - The S&P/ASX 200 index closed slightly higher, rising 12.60 points or 0.15% to 8,592.00, but remains down 0.31% over the past five sessions while holding a year-to-date gain of 5.31% [6] Company Performance - James Hardie Industries PLC was the strongest performer of the day, jumping 7.13% to $30.51, followed by Ramelius Resources Limited, which climbed 6.72% to $3.81 [6] - Flight Centre Travel Group advanced 5.37%, Scentre Group added 4%, and Whitehaven Coal rose 3.11%, rounding out the top five gainers [6] - On the downside, Catalyst Metals Limited posted the steepest loss, falling 8.86% to $6.07, followed by DroneShield Limited, which slipped 6.64% [6] Sector Performance - Sector movement was mixed, with Materials leading with a 0.85% gain, supported by mining names, while A-REITs rose 0.69% and Energy added 0.60% [4][6] - Financials and Utilities also ended in positive territory, while Information Technology declined by 1.53% and Health Care slipped 1.13% [4][6] - Over the past week, Information Technology posted the steepest decline, falling 4.16%, followed by Health Care, which dropped 2.37% [5][6] - Only two sectors ended higher for the week: Materials gained 1.47% and Financials rose 0.48% [5][6]
Proposal to Acquire PDI No Longer Deemed Superior
Globenewswire· 2025-12-11 02:54
Core Points - Perseus Mining Limited's binding offer to acquire Predictive Discovery Limited has been terminated due to a revised Arrangement Agreement received by Predictive from Robex Resources Inc. which matched Perseus's offer [1][2] Group 1 - Perseus Mining's offer was announced on December 3, 2025, and was contingent upon Robex not executing its matching right [2] - The Predictive Board has determined that the revised proposal from Robex is superior, leading to the termination of Perseus's offer [1][2]
X @Bloomberg
Bloomberg· 2025-12-11 02:52
Vietnam’s parliament has moved to ban exports of raw rare earth resources as part of an overhaul of the nation’s geology and minerals law, which tightens controls over deposits and sets out new rules for the industry https://t.co/q9LiCWqoB6 ...