Core Insights - Globex Mining Enterprises Inc. holds a 1% Gross Metal Iron Royalty on the Mont Sorcier high purity iron deposit, with significant progress reported by Cerrado Gold on the project [1][2] Project Update - The Mont Sorcier project has completed an infill drilling program of over 17,000 metres to update resources to the Proven and Probable categories, with a feasibility study expected by Q2 2026 [2][3] - The Bankable Feasibility Study aims to provide an updated economic assessment, building on a previous 2022 Preliminary Economic Assessment (PEA) that indicated a project NPV8% of US$1.6 billion based on iron concentrates with 65% iron content [3] Product Quality and Market Demand - New test results indicate the potential to produce a high-purity Direct Reduced Iron (DRI) concentrate with over 67% iron, which aligns with the increasing demand for sustainable steel production methods [3][4] - The Mont Sorcier project is positioned to produce a premium iron concentrate at low operating costs, supporting the transition from traditional blast furnaces to electric arc furnaces, thus contributing to industry decarbonization [4]

VANCOUVER, BC / ACCESS Newswire / October 16, 2025 / CoTec Holdings Corp. (TSXV:CTH) (OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce Québec-based BBA Inc. ("BBA") has been engaged to complete the Lac Jeannine Iron Tailings Project ("Lac Jeannine" or the "Project") bankable Feasibility Study (the "FS") to engineer and design its Iron Tailings reclamation Project in Québec, Canada. Julian Treger, CoTec CEO commented: "Lac Jeannine exemplifies CoTec's strategy to deploy innovative, environmenta ...

Core Viewpoint - Cerrado Gold Inc. announces the resignation of Mr. Robert Campbell from its board of directors as he intends to retire, with management expressing gratitude for his contributions and wishing him well in retirement [1] Group 1: Company Overview - Cerrado Gold is a Toronto-based gold production, development, and exploration company, fully owning the Minera Don Nicolás and Las Calandrias mines in Argentina [2] - The company holds an 80% interest in the Lagoa Salgada VMS project in Portugal and is developing the Mont Sorcier Iron project in Canada, which it fully owns [2] Group 2: Operations in Argentina - In Argentina, Cerrado is enhancing asset value at the Minera Don Nicolás operation through operational optimization and increasing production at the Las Calandrias heap leach project [3] - An extensive exploration campaign is ongoing to unlock potential resources in the Deseado Masiff region [3] Group 3: Operations in Portugal - In Portugal, Cerrado is focused on the Lagoa Salgada VMS project, which is located on the Iberian Pyrite Belt and is characterized by high-grade polymetallic mineralization including zinc, copper, lead, tin, silver, and gold [4] - The project has significant exploration potential across its 7,209-hectare property and is strategically located 80 km from Lisbon, benefiting from excellent infrastructure [4] Group 4: Operations in Canada - Cerrado's Mont Sorcier Iron project has the potential to produce premium iron concentrate with low operating costs and a long mine life [5] - The high-grade and high-purity product supports the transition of steel producers to electric arc furnaces, aiding in the decarbonization of the industry [5]

Group 1: Corporate Developments - GoviEx Uranium has agreed with the Republic of Niger to extend the pause in arbitration over the Madaouela Project license for another six months, allowing continued discussions [3][4]. - The company has made significant progress in the reverse takeover transaction with Tombador Iron, with over 40% of GoviEx security holders committing to support the deal [2][5]. Group 2: Transaction Details - The Tombador transaction is expected to provide access to Australian mining investors and an injection of between A$5 million and A$10 million at a premium to the current share price, enhancing the company's financial position [2][7]. - GoviEx shareholders will retain 75% of the combined company pre-raise, indicating a favorable outcome for existing investors [8]. Group 3: Future Plans - The company plans to close the transaction before the end of the year, pending regulatory approvals, with a shareholder meeting scheduled for later in October [6]. - GoviEx will undergo rebranding to Atomic Eagle, aiming to create a refreshed platform focused on developing the Muntanga Project [9].

Core Viewpoint - Cerrado Gold Inc. has received a prepayment of US$8.75 million from Hochschild Mining Plc, strengthening its balance sheet and enabling the acceleration of growth initiatives [1][2][7]. Group 1: Financial Transactions - The prepayment is part of a US$10 million receivable related to the sale of the Monte Do Carmo Gold project in Brazil, with the remaining US$5 million due in 2027 [1][2]. - This payment fulfills Hochschild's obligation for the first US$10 million payment, enhancing Cerrado's liquidity [2][7]. Group 2: Growth Initiatives - The funds will support ongoing exploration and development at Minera Don Nicolás, the Optimized Feasibility Study at Lagoa Salgada, and the Bankable Feasibility Study at the Mont Sorcier iron project [2][4][6]. - The company is focused on maximizing asset value and production growth at its operations in Argentina [4]. Group 3: Project Overview - Cerrado Gold is a Toronto-based company with a 100% ownership of the producing Minera Don Nicolás and Las Calandrias mine in Argentina [3]. - In Portugal, the company holds an 80% interest in the Lagoa Salgada VMS project, which is a high-grade polymetallic project with significant exploration potential [5]. - The Mont Sorcier Iron project in Canada is expected to produce a premium iron concentrate, contributing to sustainable development goals [6].

Group 1 - Rio Tinto is a diversified iron miner producing various commodities including copper, aluminum, gold, and lithium, with iron ore accounting for approximately 50% of their sales, followed by aluminum and copper [1] - The company has a significant focus on metals and mining stocks, indicating a strong expertise in this sector [1] Group 2 - The analyst has a long position in VALE shares, suggesting a positive outlook on the company's performance [2] - The article expresses personal opinions and does not involve compensation from any mentioned companies, indicating an independent analysis [2] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [3]

Core Insights - Chibougamau Independent Mines Inc. is highlighting updates from Cerrado Gold Inc. regarding the Mont Sorcier Iron/vanadium project in Quebec [1] - The project is undergoing detailed metallurgical testing and an infill drill program to update resources to Proven and Probable categories [2] - A Bankable Feasibility Study is in progress, aiming to provide detailed insights into the project's potential, with a previous NPV of US$1.6 billion based on a 65% iron concentrate [3] Project Development - The Mont Sorcier project is focused on producing high-purity DRI grade iron ore concentrate, with expectations of exceeding 67% iron content [3] - The ongoing workstreams are fully engaged, and assay results are pending [2] - Chibougamau Independent Mines holds a 2% Gross Metal Royalty on iron and vanadium production from the Mont Sorcier property [4]

Core Viewpoint - Globex Mining Enterprises Inc. highlights the ongoing developments at Cerrado Gold Inc.'s Mont Sorcier Iron/vanadium project, emphasizing the project's potential and the company's confidence in delivering high-purity iron ore concentrate to support the Green Steel transition [1][3]. Project Update - The Mont Sorcier project is undergoing detailed metallurgical test work and flow sheet design, with an infill drill program initiated to update resources to Proven and Probable categories for feasibility support [2]. - Assay results from the ongoing work are still pending [2]. Financial Insights - The Bankable Feasibility Study aims to provide detailed insights into the project's potential, building on the 2022 NI 43-101 Preliminary Economic Assessment which indicated a project NPV at 8% of US$1.6 billion based on iron concentrates with 65% iron content [3]. - Improved metallurgical results suggest the potential for a high purity Direct Reduced Iron (DRI) grade iron ore concentrate product exceeding 67% iron, which could enhance project value [3]. Royalty Information - Globex holds a 1% Gross Metal Royalty on iron production from the Mont Sorcier property, indicating a vested interest in the project's success [4].