Stock image. Copper prices climbed to their highest level in more than a year on Thursday, fueled by mounting global supply disruptions and growing expectations that US interest rate cuts will support demand for the industrial metal.Benchmark futures on the London Metal Exchange (LME) briefly rose above $10,500 a tonne for the first time since May 2024, before trading at $10,497.50, up 1.1% as of 11:50 a.m. in London. Three-month futures traded above $10,976 per ton ($4.989 per lb.) on the CME, up 2.2% for ...

Core Viewpoint - Arizona Copper and Gold Inc. (ACG) is launching a brokered private placement of subscription receipts for gross proceeds of up to $10 million in connection with a proposed reverse takeover of Core Nickel Corp. [1][2] Offering Details - The Offering will be a best-efforts private placement at a price of $1.50 per Subscription Receipt, with an option for agents to offer an additional $1.5 million, potentially raising total gross proceeds to $11.5 million [2]. - Each Subscription Receipt will convert into one ACG Unit, consisting of one common share and one-half of one purchase warrant, upon satisfaction of certain conditions [3]. - The exercise price for each ACG Warrant is set at $2.00 per share, valid for two years from the Offering's closing date [3]. Financial Arrangements - ACG will pay agents a cash fee of 6.0% of the gross proceeds from the sale of Subscription Receipts, with half paid at closing and the remainder held in escrow [4]. - Agents will also receive broker warrants equal to 6.0% of the number of Subscription Receipts sold [6]. Closing Timeline - The Offering is expected to close around November 13, 2025, with proceeds held in escrow pending the satisfaction of release conditions [7]. Use of Proceeds - The net proceeds from the Offering are intended to fund exploration activities and for working capital and general corporate purposes by the Resulting Issuer [8]. Regulatory Compliance - The Subscription Receipts will be offered to investors in Canada, the United States under exemptions, and in other jurisdictions in compliance with applicable laws [9].

Core Insights - BHP Group Limited has signed its third and largest renewable electricity supply arrangement for its Copper SA operations, marking a significant step in its operational decarbonization journey while generating investment in renewable energy in South Australia [1][9] Renewable Electricity Supply Arrangement - The new arrangement will supply 100 megawatts (MW) of renewable electricity to power the Olympic Dam mine, smelter, refinery, and the Carrapateena and Prominent Hill operations, sourced from Neoen's Goyder North Wind Farm and supported by the Goyder Battery [2][3] - This deal ensures that 70% of Copper SA's electricity needs will be powered by renewable sources by fiscal 2030, aligning with BHP's commitment to invest in renewable electricity supply [3] Emission Reduction Targets - BHP aims to lower operational greenhouse gas emissions (Scopes 1 and 2) by at least 30% by fiscal 2030 from a fiscal 2020 baseline, with a long-term goal of achieving net zero operational greenhouse gas emissions by 2050 [4][9] Industry Peers' Decarbonization Goals - Rio Tinto has set a target to reduce net emissions by 15% by 2025 compared to 2018 levels, aiming for a 50% reduction by 2030 and net zero by 2050, with a capital budget of $5-$6 billion for decarbonization initiatives [5] - Fortescue Ltd is targeting Real Zero terrestrial emissions (Scope 1 and 2) by 2030 and Net Zero Scope 3 emissions by 2040, investing $6.2 billion in decarbonization [6][7] - VALE S.A. plans to reduce Scope 1 and 2 emissions by 33% by 2030 compared to 2017 levels, with a goal of achieving net zero emissions by 2050 and 100% renewable electricity consumption in Brazil by 2025 [8]

Winning Consortium Simandou, the mining company that’s developing Simandou iron ore Blocks 1 and 2 in Guinea, suspended operations at its Kerouane mine after an accident in which three foreign employees died https://t.co/m2mqdmihND ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive specializes in medium and small-cap markets while also keeping the community updated on blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Viewpoint - NexGen Energy Ltd. has announced an upsized offering of common shares, aiming to raise approximately AUD $600 million through the Australian Offering and C$400 million through the North American Offering, to fund the Rook I Project and general corporate purposes [1][3][4]. Group 1: Offering Details - The Australian Offering consists of 45,801,527 common shares priced at A$13.10 per share, with gross proceeds expected to be around AUD $600 million [1]. - Concurrently, the North American Offering includes 33,112,583 common shares priced at C$12.08 per share, with gross proceeds anticipated to be approximately C$400 million [3]. - The completion of both offerings is not conditional upon each other, allowing for independent execution [9]. Group 2: Use of Proceeds - The net proceeds from both offerings will be utilized to advance the engineering of the Rook I Project, cover pre-production capital costs, and for general corporate purposes [4]. Group 3: Regulatory and Compliance - The North American Common Shares will be offered via a short form prospectus in Canada and the U.S., with a registration statement filed with the SEC [5]. - The Australian Common Shares will be issued without disclosure to sophisticated and professional investors under the Australian Corporations Act [6]. - The offerings are subject to necessary regulatory approvals, including acceptance from the Toronto Stock Exchange and the New York Stock Exchange [8]. Group 4: Company Overview - NexGen Energy is focused on developing the Rook I Project, which aims to be the largest low-cost uranium mine globally, adhering to high environmental and social governance standards [10]. - The company is headquartered in Vancouver, British Columbia, and operates primarily in Saskatchewan, Canada [11].

Company Overview - Power Metal Resources is a London-listed natural resources exploration company focused on large-scale metal discoveries across a global portfolio, including North America, Africa, Saudi Arabia, Oman, and Australia [5][6] - The company engages in both early-stage greenfield exploration and later-stage projects, with plans to develop these projects internally or through strategic joint ventures [6] Recent Developments - Power Metal Resources has signed a binding investment agreement with Minestarters to establish a blockchain-enabled Decentralised Finance (DeFi) Tokenisation Platform for early-stage mining ventures [4] - The company will present live at the Metals & Mining Virtual Investor Conference on October 8th, 2025, allowing real-time interaction with investors [1][2] Investor Engagement - The Virtual Investor Conferences (VIC) platform provides an interactive forum for publicly traded companies to present directly to investors, enhancing engagement through targeted one-on-one meetings and dynamic video content [8][9] - Investors are encouraged to pre-register and conduct system checks to facilitate participation in the conference [3]

Core Insights - Metallium Limited's U.S. subsidiary, Flash Metals USA Inc., has signed a Memorandum of Understanding (MOU) with Glencore plc to explore long-term collaboration in electronic scrap supply and metal offtake in the U.S. [1][2] Company Overview - Metallium is focused on a low-carbon, high-efficiency method for recovering critical and precious metals from various waste streams, utilizing its patented Flash Joule Heating (FJH) technology [5][6]. - Glencore is a leading diversified natural resource company, involved in the production and marketing of over 60 commodities, and is a major player in e-waste recycling, processing around 100,000 tons of e-waste annually [4][5]. MOU Details - The MOU establishes a framework for collaboration, with Glencore expected to supply significant feedstock for Metallium's first commercial facility and purchase up to 75% of its marketable recycled products [5][6]. - The agreement is set to last until the end of the year, pending the negotiation and execution of definitive agreements [2][3]. Strategic Importance - The partnership is seen as a milestone for Metallium, securing critical feedstock and supporting its expansion plans, positioning the company alongside a major player in global recycling [3][4]. - Metallium's operations align with U.S. strategic supply chain objectives, enhancing its potential for near-term production and revenue generation [6].

Core Viewpoint - Erdene Resource Development Corp. has announced an updated mineral resource estimate for its Zuun Mod molybdenum-copper project, highlighting its significance as one of Asia's largest undeveloped projects and the growing demand for molybdenum in various industries [2][3]. Company Overview - Erdene Resource Development Corp. is a Canada-based resource company focused on gold production at the Bayan Khundii Gold Mine in Mongolia, with interests in a portfolio of precious and base metal projects [20]. Mineral Resource Estimate Update - The updated mineral resource estimate (MRE) for Zuun Mod shows a 50% increase in reported resources compared to the 2011 estimate, with significant increases in both molybdenum and copper resources [7][14]. - The MRE includes a 22% increase in Measured and Indicated molybdenum resources to 333 million pounds and a 95% increase in Inferred molybdenum resources to 300 million pounds [7][14]. - Copper resources also saw a 16% increase in Measured and Indicated resources to 384 million pounds and a 75% increase in Inferred resources to 350 million pounds [7][14]. Project Location and Infrastructure - The Zuun Mod project is located in the Khundii Minerals District of Mongolia, approximately 35 kilometers from Erdene's Bayan Khundii Gold Mine and 180 kilometers from China, the largest consumer of molybdenum [3][9]. - The project benefits from a growing infrastructure in the region, which is crucial for its development and accessibility [3][9]. Future Exploration and Development Plans - The company plans to conduct drilling in Q4 2025 to explore expansion opportunities and copper targets within the porphyry complex [7][10]. - Upcoming work will also include process testing, infrastructure evaluations, and marketing studies to advance the project [12]. Molybdenum Market Outlook - Molybdenum is increasingly valued in various sectors, including aerospace, defense, and advanced electronics, with a bullish outlook for demand due to its critical properties [3][13]. - The project is strategically positioned to supply molybdenum to nearby markets in China, South Korea, and Japan, where processing capacity is expanding [16].