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Western Star Signs Letter of Intent to Acquire Real American Corp, Advancing U.S. Critical Minerals Strategy
Thenewswire· 2025-09-24 12:00
Core Viewpoint - Western Star Resources Inc. has entered into a Letter of Intent to acquire The Real American Corp, enhancing its position in the critical mineral sector, particularly tungsten, which is vital for U.S. national security [1][2][3] Company Overview - Western Star is focused on building a domestic portfolio of critical mineral assets while advancing its flagship gold and silver project in Canada [4] - The company aims to align its operations with U.S. government priorities to secure domestic supplies of essential minerals for defense, energy, and advanced manufacturing [4] Acquisition Details - The acquisition of The Real American Corp is part of Western Star's U.S. expansion strategy and is expected to provide cornerstone assets in Nevada, thereby strengthening its role in advancing America's resource independence [2][3] - The Real American Corp holds high-grade tungsten projects with grades up to 5.12% WO, significantly higher than the North American average of approximately 0.3% WO₃ [5] Strategic Importance of Tungsten - Tungsten is classified as a critical mineral by the U.S. Department of Defense, Department of Energy, and U.S. Geological Survey, with the U.S. currently having no domestic commercial production and relying heavily on imports, particularly from China, which controls about 85% of the global supply [5] - The acquisition aligns with recent U.S. Executive Orders that prioritize fast-tracking domestic tungsten projects, with potential federal grants and defense-sector support available for qualifying assets [5] Exploration Potential - The properties acquired are road accessible, past-producing, and located in Nevada's Tobin and Sonoma Range, near the historic Springer Tungsten Mine, presenting a brownfield advantage [5] - The projects have proven mineralization but remain largely under-explored, with modern exploration techniques offering significant potential to expand resources [5]
Oroco Welcomes Faysal Rodriguez to its Board of Directors
Globenewswire· 2025-09-24 11:00
VANCOUVER, Canada, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO; OTCQB: ORRCF) (“Oroco” or “the Company”) is pleased to announce the appointment of Mr. Faysal Rodriguez to its Board of Directors. Mr. Rodriguez is a seasoned mining executive who currently serves as Senior Vice President, Mexico at Torex Gold Resources Inc. He brings over 25 years of mining industry experience to Oroco, with a career that spans multiple countries and major mining companies. In his current role at Torex ...
Oroco Welcomes Faysal Rodriguez to its Board of Directors - Oroco Resource (OTC:ORRCF)
Benzinga· 2025-09-24 11:00
Core Insights - Oroco Resource Corp. has appointed Mr. Faysal Rodriguez to its Board of Directors, bringing over 25 years of mining industry experience [1][2][3] - Mr. Rodriguez has a proven track record in mine development and operations, particularly in Mexico, which will support Oroco's advancement of the Santo Tomás copper project [2][3] - The Santo Tomás Project covers a total area of 6,121 hectares and hosts significant copper porphyry mineralization, with extensive prior exploration conducted from 1968 to 1994 [4][7] Company Background - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, which spans 1,173 hectares, and an 80% interest in an additional 4,948 hectares [4] - The project is strategically located within 170 km of the Pacific deep-water port at Topolobampo, enhancing its logistical advantages [7] Mr. Faysal Rodriguez's Experience - Mr. Rodriguez has held senior roles at various prominent mining companies, including Torex Gold, where he achieved record safety and production results at the El Limón-Guajes Mine [3] - His background includes a degree in Civil Engineering and experience in local governance, providing him with a unique perspective on community engagement in mining [2][3] Project Development - Oroco has conducted a drill program at Santo Tomás since 2021, totaling 48,481 meters drilled in 76 diamond drill holes [4] - A revised Mineral Resource Estimate (MRE) and updated Preliminary Economic Assessment (PEA) were published in August 2024, reflecting the project's ongoing development [5]
Apollo Silver Engages Capital Analytica for Marketing and Social Media Services
Globenewswire· 2025-09-24 11:00
Core Insights - Apollo Silver Corp. has engaged Capital Analytica for marketing and social media services, with a contract valued at US$120,000 for an initial six-month term [1][2] - Ross McElroy, the current CEO and President, has been appointed to the Board of Directors, bringing over 38 years of mining industry experience [2][3] - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US, the Calico Project, which includes significant barite credits [4] Company Engagements - Capital Analytica will provide social media services, capital markets consultation, and social engagement reporting, subject to TSX Venture Exchange approval [1] - The consulting services agreement was signed on September 22, 2025, and payment will be made in two tranches [1] Leadership - Ross McElroy has a distinguished background in the mining industry, recognized for his contributions to the discovery of world-class uranium and gold orebodies [3] - His accolades include being named The Northern Miner's "Mining Person of the Year" in 2013 and receiving the PDAC's "Bill Dennis Award" in 2014 [3] Project Overview - The Calico Project is noted for its large, bulk minable silver deposit, which is critical for the US energy and medical sectors [4] - The company has also optioned the Cinco de Mayo project in Chihuahua, Mexico, known for its high-grade and large tonnage CRD deposit [4]
Nokia and Boldyn Networks power the future of mining at Callio Pyhäjärvi with private 5G network
Globenewswire· 2025-09-24 07:00
Core Insights - Nokia and Boldyn Networks have deployed a private 5G network at the Callio FutureMINE site in Pyhäjärvi, Finland, transforming it into a next-generation testbed for mining innovation [2][12] - The deployment aims to enhance safety, efficiency, and sustainability in mining operations by enabling most workforces to operate from above ground [1][5] Technology Deployment - The private 5G network provides seamless, high-performance connectivity across multiple underground levels, reaching depths of up to 1.5 kilometers [4][11] - It supports advanced mining applications, including automation and tele-remote vehicles, which allow for remote operation from the surface, improving worker safety and productivity [6][10] Communication Improvements - The network replaces outdated walkie-talkie systems with reliable mobile connectivity, enhancing communication across all mine levels [7] - Real-time visualization and positioning technologies are being tested, creating a digital twin of the mine for improved situational awareness and safety [8][9] Industry Impact - The deployment of private 5G networks is seen as a game-changer for mining, addressing the extreme connectivity challenges posed by underground environments [12] - Companies like Normet are testing autonomous vehicles at Callio, highlighting the potential for a future where 90% of underground workers operate from the surface [10]
Energy and Financials Dominate This Week’s Value Screen
Acquirersmultiple· 2025-09-24 00:31
Group 1: Energy Sector Insights - Energy companies such as Petrobras (PBR), Equinor (EQNR), Shell (SHEL), TotalEnergies (TTE), and Ecopetrol (EC) exhibit strong cash generation capabilities, with Petrobras showing an Acquirer's Multiple (AM) of 4.1 and a free cash flow (FCF) yield of approximately 35.4% [1][2] - Equinor has an AM of 2.6 and an FCF yield of around 11.8%, while Shell and TotalEnergies have AMs of 7.6–7.8 with FCF yields of approximately 12.7% and 8.5%, respectively [2][3] - Ecopetrol rounds out the energy group with an AM of about 8.0 and an FCF yield of approximately 14.0%, indicating a market perception of declining demand [3] Group 2: Financial Sector Insights - In the financial sector, Synchrony Financial (SYF) leads with an AM of 2.4 and an FCF yield of around 35.1%, reflecting concerns over the credit cycle [3] - Bank of New York Mellon (BK) also has an AM of 2.4 with an FCF yield of approximately 3.1%, while Prudential PLC (PUK) shows an AM of 3.7 and an FCF yield of about 3.8% [3] Group 3: Broader Market Trends - The clustering of high cash returns in energy and financial sectors suggests that these industries are undervalued despite strong fundamentals, with energy being perceived as a sunset industry [4] - The current market environment, characterized by concentrated fear, may provide opportunities for patient investors seeking high cash returns, buybacks, and dividends [4][5] - The analysis indicates that energy continues to lead in deep-value opportunities, with financials closely following, presenting a favorable scenario for long-horizon investors [5]
FLINT Announces Completion of Recapitalization
Globenewswire· 2025-09-23 23:17
Core Viewpoint - FLINT Corp. has successfully completed a recapitalization transaction aimed at optimizing its capital structure and significantly reducing its debt profile and annual interest costs [3][4]. Group 1: Recapitalization Details - The recapitalization involved a consolidation of common shares at a ratio of one post-consolidation share for every 40 pre-consolidation shares [2]. - Senior secured notes totaling approximately $135.3 million were exchanged for about 99 million newly issued common shares, while preferred shares were exchanged for approximately 8.25 million newly issued common shares [2]. - The recapitalization was approved by holders of common shares, preferred shares, and senior secured notes during meetings held on September 23, 2025, followed by final approval from the Alberta Court of King's Bench [3]. Group 2: Shareholder and Control Changes - Canso Investment Counsel Ltd., the largest shareholder and primary lender, controlled approximately 97% of the senior secured notes and 99% of the outstanding preferred shares prior to the recapitalization [4]. - Post-recapitalization, Canso is expected to control approximately 107.7 million common shares, representing about 97.8% of the outstanding common shares [4]. Group 3: Financial Facilities and Future Outlook - Concurrent with the recapitalization, FLINT extended the maturity dates of its Asset-Based Revolving Credit Facility to April 14, 2030, and its Term Loan Facility to October 14, 2030 [5]. - The CEO of FLINT stated that the successful completion of the recapitalization positions the company to pursue strategic growth opportunities and deliver long-term value to shareholders [6].
X @Bloomberg
Bloomberg· 2025-09-23 22:42
Hudbay Minerals said it was shutting operations at a mill at its Constancia mine site in Peru because of ongoing political protests https://t.co/w4QjyuiKBt ...
ARIS MINING CONFIRMS INCIDENT AT AN EXTERNAL MINE PARTNER OPERATION AT SEGOVIA
Prnewswire· 2025-09-23 17:26
Core Points - Aris Mining Corporation confirmed an incident at the La Reliquia Mine on September 22, 2025 [1] - The La Reliquia Mine is a third-party operation located within Aris Mining's Segovia title but outside of the company's infrastructure [1]
Almonty Surges 13% on South Korea molybdenum drilling push
Proactiveinvestors NA· 2025-09-23 15:45
About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...