About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Euro Manganese Inc. announces changes to its Board of Directors, highlighting the resignation of Mr. John Webster after over ten years of service, which has been significant for the company's governance and strategic direction [2]. Company Overview - Euro Manganese Inc. is a battery materials company focused on developing the Chvaletice Manganese Project in the Czech Republic, which is positioned as Europe's only near-term source of high-purity manganese, essential for electric vehicles and energy storage [3][4]. Project Details - The Chvaletice Manganese Project aims to reprocess historic mine tailings to produce high-purity electrolytic manganese metal (HPEMM) and high-purity manganese sulphate monohydrate (HPMSM), establishing a low-carbon supply chain within the European Union [4]. - The company has successfully produced on-spec products at its Demonstration Plant and is working on optimizing commercial plant efficiency, positioning itself as Europe's first domestic producer of high-purity manganese [5].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors, including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - Nicola Mining Inc. has successfully upsized its non-brokered private placement from $1,000,000 to $3,000,000, indicating strong support from existing shareholders and new institutional investors, which reflects confidence in the company's operational milestones and long-term strategy [1]. Group 1: Offering Details - The company plans to issue a total of 3,333,334 units at a price of $0.90 per unit, aiming for gross proceeds of up to $3,000,000, which includes 1,111,112 units issued in the first closing [2]. - Each unit will consist of one common share and one transferable common share purchase warrant, with each warrant allowing the holder to purchase one share at $1.10 for three years post-closing, with potential acceleration of expiry under certain conditions [3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated for ball mills, general operations, and corporate working capital [4]. - Specific uses may include purchasing and installing milling equipment to expand processing capacity to approximately 500 tonnes per day, adding a secondary ball mill, and procuring spare parts to support ongoing operational reliability [5]. Group 3: Company Overview - Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange and Frankfurt Exchange, owning a 100% mill and tailings facility near Merritt, British Columbia, and has signed profit share agreements with high-grade gold projects [8]. - The company also owns the New Craigmont Project, a high-grade copper property covering over 10,800 hectares, and the Treasure Mountain Property, a fully-permitted high-grade silver mine spanning over 2,200 hectares [9].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Group 1 - Canaccord initiated coverage of Integra Resources (ITRG) with a Speculative Buy rating and a price target of C$9.25 [1] - The firm highlights that Integra Resources has become a legitimate gold producer, producing approximately 75,000 ounces of gold [1] - Recent acquisitions by the company are expected to drive a potential re-rating of its shares [1]

Core Viewpoint - Renegade Gold Inc. has strengthened its leadership team by appointing Enrico (Rick) Paolone as Chairman of the Board and Dain Currie as directors, both bringing extensive experience in capital markets and the mining sector [1][5]. Group 1: Leadership Appointments - Enrico (Rick) Paolone has over 32 years of experience in advising institutional portfolio managers and has a strong background in capital raising and governance within the natural resources sector [2]. - Dain Currie has more than 20 years of experience in capital markets and corporate strategy, focusing on the mining and natural resource sectors [3]. Group 2: Company Overview - Renegade Gold Inc. is focused on the acquisition, exploration, and development of mineral properties in the Red Lake Mining District of Northern Ontario, with a significant land package of 1,320 km² [6]. - The company aims to advance its exploration strategy and build long-term value in the Red Lake district, which is known for its gold occurrences [6].

Summary of Key Points from the Conference Call Industry Overview - The focus is on the **Basic Materials** sector in China, with a preference order for 2026 being **copper/gold > aluminum > lithium > coal > steel** [2][4] - The **MSCI China Materials** index is expected to outperform the **MSCI China** index by **3%** in the first week of January 2026, driven by supply disruptions and mergers and acquisitions [2][4] Company-Specific Insights - **Zijin Mining** is highlighted as the top pick for 2026, with a positive profit alert projecting a **2025 net profit** of **RMB 51-52 billion**, representing a **59-62% YoY increase** [4][9] - **Jiangxi Copper (JXC)** has been upgraded to Neutral (N) due to a positive outlook on copper, despite a recent **40%+ share price surge** that has factored in the acquisition of SolGold [2][5] - **Baosteel** and **Angang Steel** have been downgraded to Neutral (N) and Underweight (UW) respectively, due to low steel margins and weaker-than-expected anti-involution efforts [2][5] Market Dynamics - Supply disruptions are expected to continue, with **South32** placing its **Mozal Aluminum smelter** on care and maintenance in March 2026, and a strike at **Capstone Copper's Mantoverde** mine expected to reduce copper supply by **77kt** [4][9] - The **Chinese base metal demand growth** is forecasted to slow to **2.5%** for copper and **1.5%** for aluminum YoY [4][9] Earnings Forecasts - **4Q25 earnings** for steel companies are projected to be the weakest, with **Angang** and **Baosteel** expected to see earnings declines of **86%** and **33%** respectively [4][11] - **Zijin** and **CMOC** are expected to report solid growth, with **CMOC** anticipated to announce a positive profit alert with a **53% YoY increase** [4][11] Stock Recommendations - **Bullish on copper** and **bearish on steel**; **Zijin** remains the top pick for its copper/gold exposure [5][11] - **Hongqiao** and **Chalco** are recommended as buyers on dips due to the positive correlation between aluminum and copper prices [5][11] Regulatory and Policy Impacts - The **Ministry of Commerce** reinstated steel export licensing from January 1, 2026, which may lead to increased near-term exports and keep global prices under pressure [9] - Regulatory uncertainties in lithium mining rights are highlighted, particularly with the cancellation of mining rights affecting **Tianqi** and **Ganfeng** [9] Commodity Price Forecasts - **Copper prices** are forecasted to reach **$12,000/ton** in 1Q26, while **aluminum prices** are expected to stabilize around **$3,000/ton** [12][14] - **Lithium prices** are projected to increase significantly, with battery-grade lithium expected to reach **$17,500/ton** by 2026 [14] Conclusion - The Basic Materials sector in China is poised for a challenging yet opportunistic year in 2026, with significant variations in performance across different commodities and companies. The focus on supply dynamics, regulatory impacts, and strategic acquisitions will be crucial for investors navigating this landscape.

21智讯1月13日电，盛达资源在投资者关系活动中表示，鸿林矿业目前处于试生产阶段，尚无法准确测 算生产成本，但菜园子铜金矿矿石易选，无冶炼环节，选矿工艺简单且砷含量低，叠加较高的安全生产 投入，整体成本可得到较好控制。 ...

Group 1 - The article discusses the investment strategies of Vasily Zyryanov, focusing on identifying underpriced equities with strong upside potential and overappreciated companies with inflated valuations [1] - Zyryanov emphasizes the importance of analyzing Free Cash Flow and Return on Capital in addition to profit and sales analysis to gain deeper insights into investments [1] - The research covers a wide range of industries, particularly the energy sector, including oil & gas supermajors, mid-cap, and small-cap exploration & production companies, as well as oilfield services firms [1] Group 2 - Zyryanov acknowledges that while he favors underappreciated and misunderstood equities, some growth stocks may justifiably have premium valuations [1] - The primary goal for investors is to investigate whether the market's current opinion on a stock is accurate or not [1]