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Energy Fuels Announces Proposed $550 Million Offering of Convertible Senior Notes Due 2031
Prnewswire· 2025-09-29 20:30
Core Viewpoint - Energy Fuels Inc. plans to offer $550 million in Convertible Senior Notes due 2031 to enhance financial flexibility and fund various development projects [1][3]. Group 1: Convertible Notes Offering - The company intends to offer $550 million aggregate principal amount of Convertible Senior Notes in a private placement, with an option for initial purchasers to buy an additional $82.5 million [1]. - The notes will be general senior unsecured obligations, accruing interest payable semiannually, and will be convertible into cash, common shares, or a combination thereof [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be used for capped call transactions, funding development expenditures for the Phase 2 rare earth separations circuit expansion at the White Mesa Mill, and general corporate needs [3]. - Additional proceeds from any exercised options will also be allocated for capped call transactions and general corporate purposes [3]. Group 3: Capped Call Transactions - Energy Fuels plans to enter into capped call transactions to reduce potential dilution of common shares upon conversion of the notes [4]. - These transactions will cover the number of common shares initially underlying the notes and are subject to anti-dilution adjustments [4]. Group 4: Market Impact - The initial hedging activities related to the capped call transactions may influence the market price of common shares and the trading price of the notes [5][6]. - The option counterparties may adjust their hedge positions, which could further affect the market price of common shares and the notes [6]. Group 5: Company Overview - Energy Fuels is a leading U.S. producer of uranium, rare earth elements, and critical minerals, operating several uranium projects and the only licensed conventional uranium processing facility in the U.S. [11]. - The company is also involved in developing heavy mineral sands projects in Madagascar, Brazil, and Australia, and is exploring the recovery of medical isotopes for cancer treatments [11].
Ivanhoe Mines Closes US$500 Million Strategic Private Placement with Qatar Investment Authority
Newsfile· 2025-09-29 17:21
Core Insights - Ivanhoe Mines has successfully closed a US$500 million strategic private placement with Qatar Investment Authority (QIA) [1] - The company issued 57,516,666 common shares at a price of C$12.00 per share to QIA, with Zijin Mining Group acquiring an additional 8,004,800 shares to maintain its equity interest [2] Company Overview - Ivanhoe Mines is a Canadian mining company focused on three main projects in Southern Africa: the Kamoa-Kakula Copper Complex, the Kipushi zinc-copper-germanium-silver mine, and the Platreef platinum-palladium-nickel-rhodium-gold-copper mine, which is expected to start production in Q4 2025 [3] - The company is also exploring for copper in its extensive exploration licenses in the Western Forelands and seeking new sedimentary copper discoveries in Angola, Kazakhstan, and Zambia [4] Investor Profile - Qatar Investment Authority (QIA) is the sovereign wealth fund of Qatar, established in 2005, and is one of the largest sovereign wealth funds globally, investing across various asset classes and regions [5]
Top Stock Movers Now: Electronic Arts, Western Digital, Intel, and More
Yahoo Finance· 2025-09-29 17:03
Group 1 - Electronic Arts (EA) shares surged as the company agreed to be taken private for $55 billion by a consortium of investors, which includes the Saudi Public Investment Fund, Jared Kushner's Affinity Partners, and Silver Lake [2][5] - Major U.S. equities, including the Dow, S&P 500, and Nasdaq, experienced gains, driven by a rise in tech stocks [2][5] - Shares of hard drive manufacturers Western Digital (WDC) and Seagate Technology (STX) increased following price target upgrades from Morgan Stanley and Rosenblatt Securities, with expectations of benefiting from AI-driven demand [3] Group 2 - Mining giant Freeport McMoRan (FCX) saw its shares rise as gold prices reached an all-time high and copper futures hit their highest level since late July [3] - Oil companies, including ConocoPhillips (COP), Diamondback Energy (FANG), and Devon Energy (DVN), experienced a decline in shares as OPEC+ announced plans to increase oil output [4][5] - Intel (INTC) shares fell after TSMC (TSM) denied reports of partnership discussions, while TSMC shares slightly increased [4]
MUX Advances Los Azules Project With RIGI Approval & IFC Partnership
ZACKS· 2025-09-29 16:46
Core Insights - McEwen Inc.'s subsidiary McEwen Copper's Los Azules copper project has been included in Argentina's Large Investment Incentive Regime (RIGI), confirming its technical and financial robustness and commitment to sustainability [1][7] - A collaboration agreement with the International Finance Corporation (IFC) has been established to align the project with global standards, enhancing its appeal to international investors and positioning it for future financing [2][7] - Los Azules is the ninth-largest undeveloped copper deposit globally, targeting carbon neutrality by 2038 and aiming to produce high-purity copper cathodes for industrial use [3][7] Financial Performance - McEwen reported second-quarter earnings of 6 cents per share, missing the Zacks Consensus Estimate of 9 cents, and revenues of $47 million, also below the estimate of $55 million [5] - The company's stock has surged 67.2% over the past year, significantly outperforming the industry growth of 9.4% [6]
American Resources rises on ReElement rare earth deal with POSCO
Proactiveinvestors NA· 2025-09-29 15:19
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 has a presence in key finance and investing hubs with offices in London, New York, Toronto, Vancouver, Sydney, and Perth [2][3] Group 2 - The company utilizes technology to enhance workflows and has a forward-looking approach to technology adoption [4] - Proactive employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Dealmakers defy stubborn M&A market with rare $1 trillion haul
Fortune· 2025-09-29 14:40
A rush of big, bold mergers and acquisitions is lifting dealmakers in an otherwise slower-than-expected market for getting transactions off the ground.Global deal values have topped $1 trillion in a third quarter for only the second time on record, according to data compiled by Bloomberg, thanks to transactions like Monday’s roughly $55 billion take-private of video game maker Electronic Arts Inc. by a consortium including Silver Lake Management. It means values are now up 27% at around $3 trillion for the ...
Bunker Hill Announces Closing of “Bought Deal” Private Placements of Units for Gross Proceeds of Approximately C$52 Million
Globenewswire· 2025-09-29 13:36
KELLOGG, Idaho and VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR |OTCQB: BHLL) is pleased to announce that it has closed its previously announced bought deal private placement of units of the Company (the “Units”). The Company issued (i) 206,250,000 Units at a price per Unit of C$0.12 for gross proceeds of C$24,750,000 (the “CAD Offering”), which includes the full exercise of the underwriters’ over-allotment option; and ...
C3 Metals hits broad zones of gold mineralization in first drilling at Super Block Project in Jamaica
Proactiveinvestors NA· 2025-09-29 12:26
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 ...
X @The Economist
The Economist· 2025-09-29 12:20
“It isn’t a product that you can simply switch away from.” @anjani_trivedi explores how the West can break China’s grip on rare earths. Listen to “Babbage” https://t.co/4FV8pZZJFG ...
Gold miner Newmont names Natascha Viljoen its first female CEO
Yahoo Finance· 2025-09-29 12:05
By Vallari Srivastava (Reuters) -Newmont on Monday named Natascha Viljoen as its first female CEO, succeeding Tom Palmer, at a time when the gold mining sector tries to cope with a slew of challenges, even as the precious metal hits a series of new highs. Viljoen's appointment coincides with the abrupt resignation of Mark Bristow as CEO of rival Barrick Mining earlier in the day. Shareholders are pressing for stronger returns to match successive all-time highs in the gold price, even as companies grappl ...