Core Insights - The U.S. Department of Energy plans to acquire a 5% equity stake in Lithium Americas Corp. and an additional 5% stake in the Thacker Pass lithium project, indicating a significant government interest in the lithium supply chain [2][3] - Lithium Americas shares surged over 35% following the announcement of the U.S. government's investment, reflecting strong market reaction to the news [1] - Thacker Pass is projected to be one of North America's largest lithium sources, with operations expected to commence in late 2027 [2] Company Overview - Lithium Americas Corp. is involved in the development of the Thacker Pass lithium mine in northern Nevada, which is anticipated to play a crucial role in the U.S. lithium supply [1][2] - The company is publicly traded on both the Toronto Stock Exchange and the NYSE, but it is incorporated in Canada [3] Industry Context - The U.S. government's investment in Lithium Americas represents a strategic move to secure direct ownership in the mineral supply chain, which is vital for U.S. interests, particularly in the context of electric vehicle production and renewable energy [3] - General Motors holds a minority stake in the Thacker Pass project, highlighting the involvement of major automotive players in the lithium supply chain [2]

The U.S. Department of Energy will take a 5% stake in Lithium Americas and a separate 5% stake in the company's Thacker Pass lithium mine joint venture with General Motors , according to a source fami... ...

Core Viewpoint - Trilogy Metals Inc. reported its financial results for the third quarter ended August 31, 2025, highlighting a net loss of $1.7 million, an increase from the $1.6 million loss in the same quarter of 2024, primarily due to increased site activities related to its joint venture with South32 [1][3][4]. Financial Performance - For the three-month period ended August 31, 2025, the company incurred a comprehensive loss of $1.7 million compared to a loss of $1.6 million in the same period of 2024 [3]. - For the nine-month period ended August 31, 2025, the net loss was $7.5 million, up from $7.0 million in the same period of 2024, driven by higher regulatory expenses and legal fees [4]. - General and administrative expenses decreased from $293,000 in Q3 2024 to $214,000 in Q3 2025, while professional fees increased significantly from $138,000 to $246,000 in the same period [3]. Project Update - Ambler Metals completed a summer maintenance field program at the Bornite camp site, including an environmental baseline program to support mine permitting applications [5]. - The cash position of Ambler Metals at the end of the third fiscal quarter was approximately $3.7 million, with expenditures tracking close to the budget of $4.5 million for the year [5]. Liquidity and Capital Resources - As of August 31, 2025, the company had cash and cash equivalents of $23.4 million, sufficient to fund its initial fiscal 2025 budget of $3.1 million [8]. - The company has an effective base shelf prospectus allowing for the future issuance of up to $50 million in securities and an ATM Program for selling common shares up to $25 million [9]. Future Outlook - The company believes its current cash position is adequate to meet working capital requirements for the next 12 months, but future cash needs may vary significantly [10].

Three months ago, shares of rare earths companies ripped higher after MP Materials (NYSE:MP) unveiled a game-changing deal with the U.S. Department of Defense that marks the most aggressive federal intervention in the rare earths space in decades. The DoD-backed investment package will see the Nevada-based producer build out a fully domestic magnet supply chain and lock in long-term pricing support for neodymium-praseodymium, the critical alloy used in everything from fighter jets to iPhones. MP shares do ...

Financial Sector Developments - Morgan Stanley's stress capital buffer requirement has been reduced by the Federal Reserve from 5.1% to 4.3%, effective October 1, 2025, allowing for greater capital allocation flexibility [2][8] - A consortium of nine major European banks is collaborating to develop a Euro-pegged stablecoin, aiming to connect traditional finance with decentralized finance [3] - Deutsche Börse Group is partnering with Circle Internet Group Inc. to integrate stablecoins into its financial infrastructure, promoting regulated adoption across European markets [3] Energy and Resources Sector - The U.S. government is acquiring a 5% equity stake in Lithium Americas and its Thacker Pass mine, supporting domestic production of critical materials like lithium [4][8] - Japanese trading giant Marubeni is expanding its presence in Japan's power market by establishing a new trading venture [5] Oil Market Insights - U.S. crude oil stock levels decreased by 3.674 million barrels, indicating a potential softening in demand compared to the previous week's drop of 3.821 million barrels [6][8] Corporate Performance Highlights - Nike reported a 1% increase in fiscal first-quarter revenue to $11.72 billion, exceeding Wall Street estimates, although gross margins decreased to 42.2% due to tariffs and discounting [9][8]

Core Insights - BHP Group Limited is experiencing significant operational changes, including job cuts and mine suspensions, primarily due to high state royalties and declining global coal prices [1][2]. Group 1: Job Cuts and Operational Changes - BHP Mitsubishi Alliance (BMA) announced the reduction of 750 jobs across Queensland, with 72 directly related to coal production at the Saraji South coking coal mine [1][2]. - The Saraji South mine will be placed into care and maintenance starting November 2025, effectively halting active mining operations [1][2]. Group 2: Reasons for Operational Decisions - The decision to cut jobs and suspend operations is attributed to high Queensland state royalties on coal sales and soft global coking coal prices [2]. - BMA's President, Adam Lancey, emphasized that the decision was necessary due to the unsustainable nature of the current royalty regime and market conditions [2]. Group 3: Company Overview - BHP Group Limited is recognized as the world's largest diversified mining company, producing iron ore, copper, coal, and nickel, with major operations in Australia and the Americas [3].

Despite the central government’s wish to get digging, a potentially lucrative gold mine remains stuck https://t.co/4SMSGdiMbb ...

Royal Road Minerals is exploring in Saudi Arabia, Morocco, Colombia and Argentina. Credit: Royal Road Minerals Agnico Eagle Mines (NYSE, TSX: AEM) says it has sold its entire 18% shareholding in copper-gold explorer Royal Road Minerals (TSXV: RYR) for proceeds of approximately C$5.51 million.The shares, totalling nearly 47.9 million, were sold at C$0.115 each. This represents a 6% discount over Royal Road’s market open price of C$0.16 on Monday, the day of Agnico’s disclosure. On Tuesday, it again traded at ...

BofA is "sufficiently confident†that risks following September's fatal mining accident are priced in. ...

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 ...