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Copper price retreats despite Grasberg supply worries
MINING.COM· 2025-10-06 14:08
Worker at furnace during melting copper. (Stock Image) Copper prices fell on Monday, giving back part of last week’s strong gains even as supply concerns persist following deadly disruptions at Indonesia’s Grasberg mine.Benchmark three-month copper on the London Metal Exchange (LME) slipped 0.7% to $10,639.50 per tonne by mid-afternoon trading, erasing earlier advances. The decline followed copper’s biggest weekly gain in a year. On the CME, three-month futures traded at $11,115 per tonne ($5.0525 per pound ...
Nano One Materials receives pre-qualified lithium from Rio Tinto for LFP cathode production
Proactiveinvestors NA· 2025-10-06 13:39
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
Graphite One Welcomes Strategic Investment from Doyon Limited and Aleut
Prnewswire· 2025-10-06 13:20
Core Insights - Doyon Limited and Aleut have invested a total of US$5.0 million in Graphite One to support the development of the Graphite Creek Deposit [1][2][3] - The investment is part of a strategic initiative to establish a complete domestic U.S. supply chain for advanced graphite materials [1][5] Investment Details - The investment was made through a non-brokered private placement of 8,514,024 units at a price of CDN$0.82 per unit, with each unit consisting of one common share and one warrant [1][2] - Each warrant allows the holder to purchase one common share at CDN$1.03, expiring three years from the closing of the placement [1][2] Use of Proceeds - Gross proceeds from the private placement will be allocated for environmental studies, permitting activities on the Graphite Creek property, and general corporate purposes [2] Corporate Statements - Doyon Limited emphasizes that this investment represents a long-term commitment to responsible resource development in Alaska [3] - Aleut expresses its belief in renewable energy and the importance of graphite as a critical resource for future development [3] - Graphite One acknowledges the significance of these investments from Doyon and Aleut, highlighting the collaboration with Alaska Native Regional Corporations [4] Project Overview - Graphite One aims to create an integrated business operation to produce lithium-ion battery anode materials and other graphite products for the U.S. market [5] - The project will utilize natural graphite from the Graphite Creek Mine in Alaska and will include a manufacturing facility in Warren, Ohio [5] - The U.S. Geological Survey has identified the Graphite Creek Deposit as America's largest natural graphite deposit, with significant increases in size verified in 2023 [5]
Appia Announces Engagement of Marketing Firm Aktiencheck.de AG and Updates for Non-Brokered Private Placement and PCH Transaction
Newsfile· 2025-10-06 13:11
Core Points - Appia Rare Earths & Uranium Corp. has signed a three-month advertising and investor awareness campaign agreement with Aktiencheck.de AG, which will include multiple marketing strategies to reach active investors [1][2] - The campaign is set to start on October 6, 2025, with a total cost of EUR 25,000 (approximately CDN $41,000) [2] - Appia is also proceeding with a non-brokered private placement of working capital units at a price of $0.185 per unit, with a closing date on or before October 20, 2025 [4][5] - Ultra Rare Earth Inc. is moving forward with a transaction to acquire a 50% interest in Appia Brasil Rare Earths Mineracao Ltda, which holds the PCH Project in Brazil [6][7] - The transaction requires Ultra to invest US $2 million into a private placement of units priced at $0.50 (CDN) per unit, with funds allocated for general working capital [7] - Appia holds rights to significant land for rare earth elements and uranium exploration, including a 70% interest in the PCH Ionic Adsorption Clay Project and various properties in Saskatchewan and Ontario [8][9]
Western Uranium & Vanadium to Acquire Uranium Claims
Globenewswire· 2025-10-06 13:00
Core Viewpoint - Western Uranium & Vanadium Corp. has entered into a definitive agreement to acquire unpatented mineral lode claims, securing a 50% ownership interest in a uranium/vanadium resource property located on approximately 240 acres in Montrose County, Colorado, for US$250,000, with the transaction expected to close in October 2025 after due diligence [1][2]. Group 1: Acquisition Details - The acquisition is strategically valuable due to its proximity, less than 10 miles, to the proposed Mustang Mineral Processing Plant site, which enhances logistical efficiency [2]. - The property has shown historic drill grades that exceed the production averages of the Long Park Mining District, indicating potential for higher margin resources [2]. - The company has staked an additional 500 acres surrounding the property to expand its mineral resource exploration potential [2]. Group 2: Historical Context - The property was originally acquired in 1996 by two private partners, each holding a 50% interest, leveraging their expertise in geology and surveying [3]. - Following the passing of one partner in 2013, the remaining interest was acquired by the company's CEO, George Glasier, consolidating ownership [3]. - The remaining original partner recently offered his interest to Mr. Glasier, who presented the opportunity to the company, leading to the current acquisition [4]. Group 3: Technical and Regulatory Aspects - An independent ore reserve calculation report, known as the Thamm Report, was prepared in 1980 based on data from 175 drill holes but is not current or public due to outdated calculation methods [5]. - The company is developing high-grade uranium and vanadium production at its Sunday Mine Complex, with additional conventional projects in Colorado and Utah [6]. - The Mustang Mineral Processing Plant is being developed to optimize economics through kinetic separation for mined material recovery [6].
Critical Metals shares soar after Reuters report says Washington eyeing stake
Yahoo Finance· 2025-10-06 12:52
Core Insights - Shares of Critical Metals surged nearly 53% in premarket trading following reports of U.S. government talks to buy a stake in the miner, aimed at securing rare earth supply [1] - A successful deal would provide the U.S. government with a direct interest in the largest rare earths project in Greenland, enhancing supply chain independence from China [2] - The U.S. government is actively pursuing critical minerals to reduce reliance on China, including investments in both domestic and overseas projects [3] Company Developments - Critical Metals acquired Greenland's Tanbreez rare earth deposit for $5 million in cash and $211 million in stock last year [3] - The company applied for a $50 million Defense Production Act grant, which may be converted into an equity stake of approximately 8% [4] - Critical Metals announced a $35 million funding agreement with an unnamed institutional investor for Tanbreez's development [4] - The company's shares have increased by about 17% this year, valuing it at roughly $787 million [4] Financial Reporting - The company restated financial statements for the six months ended December 31, 2024, and 2023, advising investors against relying on earlier reports [5]
GoviEx Uranium advances reverse takeover of Tombador Iron
Proactiveinvestors NA· 2025-10-06 12:51
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Citi has a competing bid for Banamex
Yahoo Finance· 2025-10-06 12:24
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Grupo Mexico, the mining and transportation conglomerate that once was considered a front-runner to buy Banamex from Citi, has made the bank a fresh offer, according to a securities filing Friday seen by Reuters and Bloomberg. The conglomerate, controlled by Mexican billionaire Germán Larrea, would buy 25% of Banamex at 85% of its book value, and the remaining 75% at ...
Freeport-McMoRan says five missing workers found dead after Indonesia mine disaster (FCX:NYSE)
Seeking Alpha· 2025-10-06 11:17
Freeport-McMoRan (NYSE:FCX) said Monday that the remaining five workers who were missing following the September 8 mudslide at the Grasberg Block Cave mine in Indonesia were found dead. During the incident, a sudden rush of ~800,000 metric tons of wet material entered ...
Olive Resource Capital Delivers Second Consecutive Month of Record Investment Returns in September and Provides Update on Investments
Newsfile· 2025-10-06 11:00
Core Insights - Olive Resource Capital Inc. reported record investment returns for the second consecutive month in September 2025, with investments up 39% for the month and 121% year-to-date [5][6] - The company has successfully reshaped its investment strategy over the past four years to capitalize on the current bull market, resulting in a 220% increase in share price year-to-date [5][6] Investment Performance - The total value of Olive's investment portfolio increased from $8.6 billion on June 30, 2025, to $14.2 billion by September 30, 2025 [2][10] - Key investments include Omai Gold Mines, which rose from $1.4 billion to $3.4 billion, and Sterling Metals Corp., which increased from $363 million to $1.6 billion during the same period [2][10] Market Context - The U.S. Federal Reserve's interest rate decision in September created market volatility, yet the U.S. dollar remained stable, and most commodities experienced price increases [5] - Gold reached all-time highs, and copper prices rose due to supply restrictions, leading to significant rallies among copper miners [5] Company Overview - Olive Resource Capital is a resource-focused merchant bank and investment company with a diverse portfolio of publicly listed and private securities, primarily in natural resource companies [6]