Core Viewpoint - Larvotto Resources is advancing its Hillgrove project in New South Wales, focusing on the viability of tungsten as a byproduct, with plans for commercial production by Q2 2026 [1][2]. Company Overview - Larvotto Resources aims to produce 5,400 metric tons of antimony annually at Hillgrove, which would account for 7% of global production [7]. - The company signed a binding offtake agreement with Wogen Resources for the first seven years of antimony output [5]. - Larvotto's stock has increased by 123% over the past year, reflecting strong market interest [7]. Project Details - The Hillgrove project has a Mineral Resource Estimate (MRE) of 8,766 kt at 4.0 g/t gold and 1.1% antimony, with a gold equivalent grade of 7.2 g/t [3]. - Recent metallurgical tests showed a 90% tungsten recovery and a 16X increase in feed grade, indicating a cost-effective processing circuit for tungsten concentrate [2]. Market Context - Antimony is classified as a critical mineral by the US Department of the Interior, essential for various applications including military uses and solar panels [4]. - The global antimony market is heavily influenced by China, which dominates production and refining [4][12]. - Current demand for antimony is driven by its use in solar panels (30% to 40%) and military applications [9]. Strategic Positioning - The Hillgrove project is considered a strategic asset due to its position among the world's top 10 antimony deposits, especially following China's export limits on antimony [3]. - The project is expected to fill a gap in the market as Western production has decreased significantly while demand continues to rise [11]. Production and Refining Challenges - The US lacks sufficient refining capacity for antimony, with the only significant smelter being outdated and at full capacity [13]. - Larvotto's concentrate will be sold to Wogan, which will distribute it to smelters in Asia and Europe, avoiding the Chinese market due to its artificial pricing issues [12][14].

Third Quarter 2025 Financial Results Presentation November 5, 2025 Find, mine and deliver the planet's most important and essential minerals that enable the world and humankind to create, innovate, and prosper. N o v e m b e r 2 0 2 5 Forward-Looking Information This presentation contains "forward-looking information" and "forward-looking statements", as defined in applicable securities laws (collectively, "forward- looking statements") including the Private Securities Litigation Reform Act of 1995 which in ...

Core Points - Great Northern Minerals (GNM) has successfully acquired the Catalyst Ridge rare earth element (REE) and antimony project in California's Mojave Desert, encompassing 214 lode mining claims over approximately 18km [1][2] - The acquisition was approved by shareholders on October 22, 2025, and all necessary due diligence has been completed [1][2] - Following the acquisition, GNM is expected to have a cash balance of around $3.06 million, positioning the company favorably for future exploration and development [3] Industry Context - The acquisition aligns with a broader bilateral framework agreement between the US and Australia, which includes commitments of over $1 billion each to support an $8.5 billion pipeline of critical mineral projects [4] - The Catalyst Ridge area is considered highly prospective for REE, antimony, and potentially gold, contributing to the secure and diversified supply of critical minerals [4]

Core Viewpoint - Nova Minerals Ltd is set to execute a 5-for-1 stock split on October 29, 2025, aiming to enhance liquidity and align its trading price in the US market [1] Group 1: Stock Split Details - The stock split was announced on October 15, with new shares distributed after market close on October 27 [2] - On the announcement day, the stock opened at $57.99, with a 52-week range of $7.00 to $81.40, indicating significant volatility [2] Group 2: Analyst Ratings - Analyst ratings for Nova Minerals are mixed, with Weiss Ratings maintaining a "sell (d-)" rating and Wall Street Zen upgrading from "sell" to "hold" [3] - MarketBeat.com lists the consensus rating as a "sell," reflecting cautious market sentiment regarding the company's future [3] Group 3: Funding and Strategic Initiatives - Nova Minerals secured $43.4 million in funding from the Department of War to support its goal of becoming a key antimony supplier [4] - The company acquired industrial land near Alaska's Port MacKenzie for building an antimony refinery, supporting the Estelle Project, which contains 9.9 million ounces of gold and critical minerals [4] Group 4: Current Stock Performance - The current stock price for NVA is $34.32, down 27.78% today, equating to a decrease of $13.20 [5] - The stock has traded between $33.32 and $42.61 during the day, with a market capitalization of approximately $117.66 million and a trading volume of 794,394 shares [5]

Core Insights - The White Mesa Mill in Utah is highlighted as a significant site for processing monazite ore, indicating a focus on rare earth elements and their extraction processes [1] Industry Overview - The presence of large quantities of monazite ore at the White Mesa Mill suggests a growing interest in the rare earth elements market, which is critical for various high-tech applications [1]

Core Insights - Antimony is increasingly recognized for its strategic importance in defense, energy storage, and industrial applications, leading to heightened capital flows and diplomatic focus on Australian small-cap companies [1][2][22]. Industry Overview - Antimony (Sb) is classified as a critical mineral by the US Geological Survey, essential for national security due to its unique applications in munitions and high-temperature electronics [2]. - China dominates the global antimony supply, producing approximately 60% of the total output as of 2024, and controls much of the downstream processing capacity [3][4]. Supply Chain Dynamics - China's environmental regulations and resource depletion are causing a decline in domestic antimony output, with significant export restrictions expected to impact global supply starting in 2025 [4][5]. - Recent customs data indicates that China's antimony exports fell by around 88% in June 2025 compared to January levels, attributed to stricter export controls and crackdowns on smuggling [5][9]. Geopolitical Context - The US is heavily reliant on imports for its antimony supply, with no significant domestic production since the closure of its last major mine, increasing vulnerability to supply disruptions [10]. - In response to these challenges, the US government is actively seeking to bolster domestic production and secure supply chains through initiatives like JPMorgan's US$1.5 trillion "Security and Resiliency Initiative" [12][21]. Australian Market Opportunities - Australian companies such as Nova Minerals and Resolution Minerals are positioned as key suppliers to the US, with strategic projects focused on antimony [13][16]. - Other notable Australian small-cap companies with antimony exposure include Larvotto Resources, Trigg Minerals, and Critical Resources, all of which are advancing projects with significant antimony potential [17][20]. Future Outlook - The intersection of policy and capital is shaping a new phase of mining investment, with antimony emerging as a critical mineral that could redefine industrial self-sufficiency for allied nations [21][23]. - As geopolitical tensions rise, antimony is expected to gain prominence not only in commodity markets but also on the global diplomatic stage [22].

Core Insights - Nova Minerals (NVA) shares surged over 110% on October 14 due to interest from President Trump's administration in the company's Alaska mining project [1] - The U.S. ambassador to Australia has requested a briefing on the Estelle project, indicating potential strategic alignment with U.S. critical mineral policy [3] Stock Performance - Including the recent surge, Nova Minerals stock has increased approximately 670% from its year-to-date low in early April [2] Geopolitical and Strategic Relevance - The U.S. government's interest serves as a major catalyst for NVA stock, enhancing the project's geopolitical relevance and potentially accelerating permitting, funding, or defense-related partnerships [3] - The request for a briefing validates the scale and importance of the Estelle project, which may attract institutional attention and improve investor sentiment [4] Market Dynamics - The visibility gained from federal interest can significantly re-rate valuation and unlock new capital flows, as the market seeks domestic supply chain solutions [4] Investment Considerations - Despite the positive federal interest, NVA shares are considered speculative with several red flags, including the absence of Wall Street coverage, which limits visibility and scrutiny [5] - The Estelle project is still in early-stage development, lacking a completed feasibility study and proven economics, raising concerns about monetization and production pathways [6] - Additional challenges include jurisdictional issues, capital intensity, and dilution risk, which may undermine the investment case for Nova Minerals [6]

Core Points - The Trump administration has approved the Ambler Road Project in Alaska to enhance domestic production of critical minerals and reduce reliance on imports [1][2][4] - The U.S. government has invested $35.6 million in Trilogy Metals, acquiring a 10% stake and warrants for an additional 75% [3][4] Mining Project Details - The Ambler Road Project will construct a 211-mile road to access the Ambler Mining District, which contains significant deposits of critical minerals such as copper, cobalt, gallium, and germanium [2][4] - The project aims to unlock one of the largest undeveloped copper-zinc mineral belts globally, which also includes extensive deposits of silver, gold, lead, and other strategic metals [4] Strategic Importance of Minerals - Gallium, primarily imported, is essential for semiconductors, LED lighting, solar panels, and transistors [7][8] - Cobalt is crucial for lithium-ion batteries used in electric vehicles and other electronics, with 76% of U.S. cobalt being imported [11] - Zinc is widely used in various products, with 73% of refined zinc being imported [12] - Germanium, a byproduct of zinc processing, is increasingly in demand for fiber optics and infrared systems, with a balanced supply of 50% domestic and 50% imported [15][16] - Copper, a key industrial metal, has 55% of its refined supplies sourced domestically, while 45% is imported [17]

Core Insights - Globex Mining Enterprises Inc. has announced that Bryah Resources Ltd. has reported high-grade assays of antimony from the Golden Pike property in New Brunswick, with results showing up to 57% Sb from large boulders [1][5] Group 1: Antimony Findings - Previous work in the Bond Road area identified a 320 m long by 150 m wide antimony soil anomaly, with recent prospecting yielding boulders with assays of 27.6% Sb and 54.0% Sb [2][3] - The boulder with 27.6% Sb also contained 1.61 g/t Au, indicating potential for gold alongside antimony [2] Group 2: Gold Deposit Exploration - Bryah has also explored the Vail Road Gold Deposit (formerly Devil's Pike), where five samples from two quartz veins returned assays of up to 9.48 g/t Au [4] - A previous resource estimate from 2011 indicated an Inferred Resource of 270,500 tonnes grading 9.39 g/t Au (cut) and 11.48 g/t Au (uncut) [4] Group 3: Unique Geological Context - The New Brunswick area is noted for its unique occurrences of antimony and high-grade assays, making it a significant location for exploration in Canada [5]

Core Points - First Quantum Minerals Ltd. will release its third quarter 2025 financial and operating results on October 28, 2025, after the close of the Toronto Stock Exchange [1] - A conference call and webcast to discuss the results will be held on October 29, 2025, at 9:00 am (ET) [1] Conference Call and Webcast Details - Toll-free North America number for the conference call is 1-800-715-9871, and the international number is +1-646-307-1963 [2] - The conference ID for the call is 8111752 [2] - A replay of the webcast will be available on the First Quantum website [2]