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Rights Offering Update
Globenewswire· 2025-12-05 13:00
Not for distribution to U.S. news wire services or dissemination in the United States. VANCOUVER, British Columbia, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSXV: AOT.H; OTCID: AOTVF) (“Ascot” or the “Company”) advises shareholders that further to its news release of November 7, 2025, that the rights offering to raise gross proceeds of up to C$14,871,517 (the “Rights Offering”) described therein is set to expire at 5:00 pm (Toronto time) on Friday December 12, 2025 and subscriptions and subsc ...
Silver47 Announces Upgrade to OTCQX
Newsfile· 2025-12-05 12:00
Core Points - Silver47 Exploration Corp. has upgraded its common shares to trade on the OTCQX Best Market under the ticker symbol "AAGAF" from the OTCQB, enhancing visibility and accessibility to U.S. investors [1][2] - The company continues to trade on the TSX Venture Exchange under the symbol AGA [1] - Silver47 is focused on developing silver-rich deposits in North America, with a total resource of 236 million ounces of silver equivalent (AgEq) at an inferred grade of 334 grams per tonne (g/t) AgEq and 10 million ounces at an indicated grade of 333 g/t AgEq [3] Company Overview - Silver47 Exploration Corp. is a mineral exploration company with operations in Alaska, Nevada, and New Mexico, targeting high-grade silver deposits [3] - The company aims to become a leading U.S.-focused silver developer [3] - Detailed resource estimates and technical reports are available on SEDAR+ [3][4]
Boliden (OTCPK:BDNN.Y) Update / Briefing Transcript
2025-12-05 09:02
Boliden (OTCPK:BDNN.Y) Update Summary Company Overview - **Company**: Boliden - **Industry**: Mining and Metals Key Points and Arguments 2026 Guidance and Outlook - The 2026 guidance includes the first full year of operations for Somincor and Zinkgruvan, contributing to overall production increases [2][3] - Higher grades are expected in open pit mines, with increased mill volume across several mines [2][3] - Aitik's milled volume is projected at 41 million tons, an improvement from the previous year, with copper grades at 0.18% and gold grades at 0.08 grams per ton [6][30] - Garpenberg's production is expected to be 3.7 million tons at 2.9% zinc and 95 grams silver, slightly down from the previous year [6][7] Mine Developments and Permits - An extended permit for Garpenberg allows for higher throughput, although it is subject to potential appeals [3][24] - The Kristineberg expansion and Tara ramp-up are expected to contribute to increased throughput [3][4] - The company is actively working on mine extensions and optimizations, particularly in Somincor and Zinkgruvan [9][11] Financials and CAPEX - The total CAPEX for 2026 is guided at SEK 15 billion, with mine sustaining CAPEX at approximately SEK 6.5 billion [4][35] - The maintenance stop in smelters is expected to impact EBIT by SEK 450 million in 2026, down from SEK 500 million in 2025 [18] - Rönnskär's ramp-up is on track, with an expected annual EBITDA increase of around EUR 150 million as it reaches full production [14][15] Operational Challenges and Adjustments - Odda's commissioning has been delayed by approximately two months due to mechanical and electrical issues [13][70] - The company has encountered oxidization issues in Aitik, which are independent of the diorite problem [22][94] - The Finnish parliament is discussing potential tax increases, which could impact operational costs [3][4] Market Conditions and Pricing - The company has confirmed strong interest from buyers for leach products, indicating favorable market conditions [13] - Rönnskär's updated metal recoveries are expected to positively impact operating profit by SEK 400 million in Q4 2025 [19] Future Investments and Strategic Projects - Future investments are anticipated to maintain production levels, particularly at Garpenberg, which may require additional CAPEX for a new shaft [24][88] - The company is focusing on strategic projects, including the completion of the Aitik dam and the Kristineberg expansion [35][38] Environmental and Compliance Updates - Boliden has completed compliance with global industry standards on tailings management, which is crucial for future operations [11][12] Additional Important Information - The company plans to provide a deeper breakdown of CAPEX and strategic projects during the Capital Markets Day in March [35][39] - Working capital levels are expected to increase with the ramp-up of Odda and Rönnskär, estimated at SEK 500 million and SEK 1 billion respectively [57][58] This summary encapsulates the key points from Boliden's update, highlighting the company's operational outlook, financial guidance, and strategic initiatives for 2026.
X @Bloomberg
Bloomberg· 2025-12-05 04:06
Codelco and Rio are progressing as planned with their Chilean lithium joint venture despite the London-based miner signaling it was slowing its rush into the battery metal, Codelco’s chairman said https://t.co/lOJU5NbaF0 ...
Global Markets React to Japan’s Bond Activity, HKEX Halt, and US Travel Ban Expansion
Stock Market News· 2025-12-05 01:38
Group 1: US Travel Ban Expansion - The Trump administration plans to expand its travel ban list to over 30 countries, increasing from the current 19 nations, following a recent shooting incident in Washington, D.C. [3][8] Group 2: Japan's Bond Market Operations - Japan's Ministry of Finance is offering ¥4.3 trillion in Treasury Discount Bills as part of a broader strategy, which includes an additional ¥6.3 trillion in Treasury bills for fiscal year 2025 to fund a stimulus package. [4][8] - The Ministry of Finance also plans to buy back ¥20 billion in government bonds on December 8, which may influence bond yields and market liquidity. [4][8] Group 3: Hong Kong Stock Exchange Trading Halt - The Hong Kong Stock Exchange halted trading in Guangdong–Hong Kong Greater Bay Area shares at 9:03 A.M. HKT on December 5, although specific reasons for the halt were not disclosed. [5][8] Group 4: Mining Industry Decarbonization Efforts - Mining companies BHP Group and Rio Tinto have introduced the first Caterpillar battery-electric haul trucks to their Pilbara operations in Western Australia, as part of their commitment to achieve net-zero operational greenhouse gas emissions by 2050. [6][8]
TVI Pacific Announces Board Changes
Newsfile· 2025-12-04 22:41
Core Viewpoint - TVI Pacific Inc. has appointed Edsel Abrasaldo to its board of directors, succeeding the late Johnny C. Felizardo, pending approval from the TSX Venture Exchange [1][2]. Company Overview - TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines, which is known for its rich mineral resources [4]. - The company holds a 30.66% equity interest in TVIRD, a Philippine corporation, which owns the Balabag gold/silver mine and is working towards ramping up production at the recently restarted Siana gold mine [4]. - TVIRD's project portfolio includes the 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (copper-gold-iron skarn deposit), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine) [4]. New Board Member Profile - Edsel Abrasaldo, a licensed geologist, previously served as a board member and is currently the President of MRL Nickel Philippines, Inc., which operates the Agata Nickel Laterite mine [3]. - Abrasaldo has extensive mining experience, having worked on various projects including Pan de Azucar copper-gold, Agata gold, and Tapian-San Francisco copper-gold projects [3].
Rio Tinto Group (RIO) Analyst/Investor Day Transcript
Seeking Alpha· 2025-12-04 21:58
PresentationRachel Arellano Fantastic. Good morning, everyone, and a warm welcome to Rio Tinto's Capital Market Day. It's fantastic to see so many of you here with us in London and equally great to have so many joining from around the world. We really appreciate you taking your time today to be part of today's conversation. But before we get underway, a quick safety note for those with us in the room. In the unlikely event of an emergency, you will hear an alarm, and our venue team will guide you to the ne ...
Freeport-McMoRan Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before January 12, 2026 to Discuss Your Rights – FCX
Globenewswire· 2025-12-04 21:13
Core Viewpoint - A class action securities lawsuit has been filed against Freeport-McMoRan Inc. alleging securities fraud that affected investors between February 15, 2022, and September 24, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that Freeport-McMoRan did not ensure adequate safety at the Grasberg Block Cave mine in Indonesia, leading to a heightened risk of worker fatalities [2]. - It is alleged that the lack of proper safety measures resulted in undisclosed regulatory, litigation, and reputational risks, making the company's statements about its business and operations materially false and misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until January 12, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].
INVESTOR ALERT: The Freeport-McMoRan Inc. Securities Fraud Class Action is Pending, Investors Urged to Contact BFA Law by January 12 Deadline
Newsfile· 2025-12-04 20:46
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 [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled 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 [4]. - Investors have until January 12, 2026, to request to lead the case [4]. 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 [5]. - The company has previously emphasized its commitment to safety through advanced data, technology, and behavioral science principles to prevent fatal incidents [5]. Group 3: Allegations of Safety Overstatement - Allegations suggest that Freeport overstated its safety commitment, as unsafe mining practices at the Grasberg mine were likely to result in worker fatalities [6]. Group 4: 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 [7]. - Following an update on September 24, 2025, indicating two fatalities and operational suspensions, the stock fell by $7.69 per share (almost 17%) [8]. - On September 25, 2025, reports of strained relations with the Indonesian government led to a further drop of $2.33 per share (over 6%) [9]. - An Indonesian news report on September 28, 2025, claimed the incident was preventable, suggesting that the risks associated with certain mining methods were known [11].
HIVE showcases Paraguay operations, highlights renewable energy focus
Proactiveinvestors NA· 2025-12-04 20:43
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]