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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]
Critical Metals' shares surge on report US eyeing equity stake in company
Invezz· 2025-10-06 10:58
Shares of Critical Metals (CRML) surged more than 75% in premarket trading on Monday after reports surfaced that the US government is in discussions to take an equity stake in the New York-based minin... ...
X @Bloomberg
Bloomberg· 2025-10-06 10:12
Turkey is discussing developing rare-earth reserves in western Anatolia with the US https://t.co/glNqdMIOpi ...
Critical Metals shares surge after Reuters report says Washington eyeing stake
Yahoo Finance· 2025-10-06 09:57
Core Points - Shares of Critical Metals surged over 75% in premarket trading following reports of potential U.S. government equity stake discussions in the company [1] - The U.S. government is interested in Greenland's largest rare earths project, which aligns with President Trump's strategy to enhance domestic production of critical minerals [2][3] Company Overview - Critical Metals focuses on securing lithium and rare earths for U.S. and European markets and acquired the Tanbreez deposit in Greenland for $5 million in cash and $211 million in stock [3] - The company has applied for a $50 million grant under the Defense Production Act, with discussions ongoing about converting this grant into an equity stake [4] Market Performance - As of the last close, shares of Critical Metals have gained over 17% this year, resulting in a market capitalization of approximately $786.9 million [5]
X @Bloomberg
Bloomberg· 2025-10-06 04:55
Indonesia handed over six seized tin smelters to state miner PT Timah, the latest move in the country’s crackdown on illegal mining https://t.co/KPrHruY5Cp ...
ILCV: Ultra-Low-Cost Value ETF Deserves A Conservative Hold Rating (NYSEARCA:ILCV)
Seeking Alpha· 2025-10-06 03:37
Core Insights - The iShares Morningstar Value ETF (NYSEARCA: ILCV) is currently performing well with a median price return of 10.9% this year [1] Group 1: Investment Strategy - The individual investor and writer Vasily Zyryanov employs various techniques to identify underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] - Zyryanov focuses on the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] - The analysis emphasizes the importance of Free Cash Flow and Return on Capital for deeper investment insights, beyond simple profit and sales analysis [1] Group 2: Market Perspective - While favoring underappreciated and misunderstood equities, Zyryanov acknowledges that some growth stocks may deserve their premium valuations [1] - The primary goal for investors is to investigate whether the market's current opinions on valuations are accurate [1]