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].

We recently published 11 Stocks Failing to Keep up With The Market. Energy Fuels Inc. (NYSEAmerican:UUUU) is one of the top performers on Tuesday. Energy Fuels extended its losing streak to a third straight day on Tuesday, shedding 7.08 percent to close at $15.35 apiece, as investor sentiment was dampened by plans to raise $550 million from the issuance of convertible senior notes that could result in shares dilution. In a statement, Energy Fuels Inc. (NYSEAmerican:UUUU) said that the notes will have a t ...

Management Changes - Tiago Cunha has been appointed as Interim CEO, President, and Director, and he is the largest shareholder of the Company, agreeing to subscribe for C$2.085 million (US$1.5 million) of convertible notes [2] - Darren Prins has joined as Chief Financial Officer and Corporate Secretary, bringing over 20 years of experience in finance and accounting across various industries [3] - Rogerio Barcellos has been appointed General Manager for the Santa Cruz Graphite Project, with a plan to expand production to 10,000 tonnes per year of graphite concentrate [4] - Roger Mortimer has resigned as a Director to pursue other opportunities [5] Operational Update - The Company has faced challenges during the commissioning of the Santa Cruz graphite project, leading to a working capital deficit due to equipment selection issues and significant rainfall [6] - Operational performance has improved, with the first shipment of graphite completed, producing approximately 20 tonnes over eight months, and a better product mix achieved in subsequent shipments [7][10] - The Company has identified potential operating cost savings of approximately 40% through various measures during the ramp-up process [8] Strategic Initiatives - The Company is actively evaluating strategic partnerships to strengthen its cash position and enhance market presence [9] - With proceeds from recent private placements and a bridge loan facility, the Company anticipates sufficient funding to achieve the original design capacity of 5,000 tonnes per year at the Santa Cruz plant during 2026 [10] Project Overview - South Star Battery Metals Corp. is focused on developing battery-metals projects, with the Santa Cruz Graphite Project being the first in a series of projects aimed at production [11] - The BamaStar Project in Alabama is in the development pipeline, with strong economic results indicated by a pre-tax NPV of US$2.4 billion and an IRR of 35% [12]

Core Viewpoint - Sigma Lithium Corporation is set to release its third quarter 2025 earnings results on November 14, 2025, and will hold a conference call to discuss these results shortly after the release [1][2]. Company Overview - Sigma Lithium is a leading global lithium producer focused on providing carbon neutral and sustainable lithium concentrate for electric vehicle batteries [3][4]. - The company operates one of the largest lithium production sites globally, specifically the Grota do Cirilo Operation in Brazil, which is the fifth-largest industrial-mineral complex for lithium oxide [4]. Production Capacity - Sigma Lithium currently produces 270,000 tonnes of lithium oxide concentrate annually, which is approximately 38,000–40,000 tonnes of lithium carbonate equivalent (LCE) [5]. - The company is constructing a second plant aimed at doubling its production capacity to 520,000 tonnes of lithium oxide concentrate, translating to approximately 77,000–80,000 tonnes of LCE [5]. Sustainability Initiatives - Sigma Lithium emphasizes environmental and social sustainability, producing what it terms "Quintuple Zero Green Lithium," which is characterized by net-zero carbon emissions and the absence of dirty power, potable water usage, toxic chemicals, and tailings dams [4].

Core Viewpoint - Xcite Resources Inc. is conducting concurrent non-brokered private placements alongside its previously announced brokered offerings to raise additional gross proceeds for its operations [1][2]. Summary by Sections Brokered Offerings - The brokered offerings include a Listed Issuer Financing Exemption Offering (LIFE Offering) of up to 9,166,667 units at $0.12 per unit, aiming to raise up to $1,100,000 [2]. - Additionally, a flow-through share offering (FT Offering) of up to 18,125,000 shares at $0.16 per share is planned, targeting gross proceeds of up to $2,900,000 [2]. Non-Brokered Offerings - The non-brokered offerings will consist of up to 22,500,000 units at $0.12 per unit and up to 4,375,000 flow-through shares at $0.16 per share, mirroring the terms of the brokered offerings [5]. - Each non-brokered unit will include one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of an additional share at $0.20 [3][5]. Use of Proceeds - Net proceeds from the non-brokered unit offering will be allocated for general corporate purposes, while proceeds from the flow-through share offering will be used for eligible Canadian exploration expenses related to the Uranium City project portfolio [4]. Closing and Regulatory Approvals - The non-brokered offerings are expected to close around October 8, 2025, concurrently with the brokered offerings, potentially raising a total of $7,400,000 if maximum amounts are achieved [6]. - Completion of the offerings is subject to necessary regulatory approvals, including shareholder approval from those holding over 50% of the company's common shares [9]. Related Transactions - The company has entered into amending agreements with Eagle Plains Resources to postpone $1,200,000 in work commitments related to its uranium property portfolio [10]. - A promissory note valued at $100,000 was issued to the CEO, with proceeds intended for working capital and potential repayment from the offerings [11]. Company Overview - Xcite Resources is focused on the exploration and development of energy transition metals, particularly in the Athabasca basin, with a portfolio that includes several uranium properties [14].

Market Performance - U.S. stock markets showed resilience despite the first government shutdown in nearly seven years, with major indexes recovering from early declines [1][2] - The Dow Jones Industrial Average rose 0.1% to close at a record high for the second consecutive day, while the S&P 500 increased by 0.3%, also setting a new closing high [2] - The Nasdaq Composite outperformed with a 0.4% rise, nearing its intraday and closing records, and has seen a significant increase of 11.2% in Q3 [2][10] Economic Data and Federal Reserve Outlook - The ADP Employment Report indicated a surprising decline of 32,000 private-sector jobs, the largest monthly drop since March 2023, raising concerns about the labor market [4][5] - U.S. Treasury yields fell following the weak jobs report, with the 10-year yield at 4.106% and the 2-year yield at 3.547%, as investors anticipate a potential Fed rate cut by December [4] - The government shutdown may delay the release of key economic data, complicating the Federal Reserve's decision-making regarding interest rates [5] Upcoming Economic Events - Important economic data releases are scheduled for October, including U.S. International Trade in Goods and Services on October 7 and the advance estimate for GDP on October 30 [6] - A key inflation report (CPI) is set for October 15, followed by the monthly retail sales report on October 16, both critical for the Fed's monetary policy decisions [7] Major Corporate Announcements - Nike, Inc. reported a 1% increase in revenue, surpassing expectations with adjusted earnings per share of $0.49, significantly above the anticipated $0.26 [9][13] - Meta Platforms experienced a nearly 3% decline, continuing a downward trend since its August high, following news of a $14 billion AI infrastructure deal and plans for in-house chip development [13] - Corteva announced plans to separate into two independent companies focused on Crop Protection and Seed, expected to be completed in the second half of 2026 [13] - Rocket Companies completed a $14.2 billion acquisition of Mr. Cooper Group, aiming to enhance homeownership services [13] - Lithium Americas shares surged after the U.S. Department of Energy acquired a 5% stake in the company [13]

Core Insights - The U.S. government is acquiring a 5% equity stake in Lithium Americas, which is developing a significant lithium mine in northern Nevada, known as the Thacker Pass project [2][3][4] - The Thacker Pass project aims to reduce U.S. reliance on China for lithium, a critical component for high-tech batteries used in electric vehicles and renewable energy [3][4] - The project is expected to produce 40,000 metric tons of battery-quality lithium carbonate annually, sufficient to power 800,000 electric vehicles [4][9] Government Involvement - The Department of Energy's investment is part of a broader strategy to strengthen domestic supply chains and reduce dependence on foreign adversaries for critical minerals [4][9] - The U.S. government has previously engaged in similar investments, including a 10% stake in Intel and a $400 million investment in MP Materials [5][6] Financial Aspects - Lithium Americas has reached a non-binding agreement with the DOE for an initial draw of $435 million on a federal loan, with $182 million of debt service deferred over the first five years [6][7] - General Motors has committed over $900 million to support the development of the Thacker Pass project, which has the capacity to produce enough lithium for 1 million electric vehicles annually [7][9] Market Reaction - Following the announcement of the government stake, shares of Lithium Americas surged by more than 30% [9]

VANCOUVER, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTCQX: ATCMF) is pleased to announce that the Ministry of Environment, Water and Ecological Transition – MAATE (now Ministry of Environment and Energy) has granted a permit for water use in industrial activities, including extraction and processing, for the La Plata project. After an exhaustive review process by MAATE and other state agencies, it was confirmed that the water alloc ...

Adelayde Announces Closing of Private Placement to Fund Gold Drill Program in NevadaOctober 01, 2025 1:56 PM EDT | Source: Adelayde Exploration Inc.Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") is pleased to announce that, further to its news release dated September 16, 2025, it has completed its private placement financing (the "Financing"), pursuant to which it issued an aggre ...

Group 1 - Freeport-McMoRan (FCX) is a leading mining company with significant copper and gold production, currently facing legal challenges but showing stock resilience [1][2][5] - RBC Capital has set a price target of $48 for FCX, indicating a potential upside of 22.39% from its current trading price of $39.22 [1][5] - The Rosen Law Firm is investigating potential securities claims against FCX due to allegations of misleading business information [2][5] Group 2 - FCX's stock price has increased by 5.66%, reflecting market resilience despite ongoing legal issues [3][5] - The company's market capitalization is approximately $56.31 billion, indicating its significant presence in the mining industry [4] - The trading volume for FCX on the day is 38.54 million shares, suggesting active investor engagement [4]