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X @Bloomberg
Bloomberg· 2026-03-20 00:34
Rio Tinto Group shut two bauxite mines as tropical cyclone Narelle struck Australia’s Northern Queensland coast on Friday morning https://t.co/YyULpdEzt5 ...
Euromax Announces Closing of Issuance of Securities to EBRD in Connection with Partial Repayment of Debt
Thenewswire· 2026-03-19 21:45
Core Viewpoint - Euromax Resources Ltd. has completed the issuance of 25,539,333 common shares to the European Bank for Reconstruction and Development (EBRD) as part of a debt settlement agreement to repay a portion of its outstanding debt [1][2]. Group 1: Transaction Details - The common shares were issued at a deemed offering price of C$0.045 per share, totaling C$1,149,270 owed to EBRD under the Loan Agreement [1][2]. - The transaction is part of a broader private placement financing initially announced on December 15, 2025, and completed in two tranches [2]. - The issued common shares will be subject to a hold period of four months and one day, expiring on July 20, 2026, in accordance with TSX Venture Exchange policies [3]. Group 2: Ownership Changes - Prior to the transaction, EBRD owned 59,360,423 common shares, representing approximately 6.51% ownership, and could control an additional 119,212,289 shares through conversion of the Loan Agreement [6]. - Following the transaction, EBRD's ownership increased to 84,899,756 common shares, representing approximately 9.06% of the issued shares, and it is entitled to beneficially own 208,963,576 shares, equating to a 19.69% ownership interest [7]. - EBRD's beneficial ownership increased by 1.39% post-transaction, excluding any other securityholders' exercises [7]. Group 3: Loan Agreement Amendments - The Loan Agreement has been amended to extend its maturity date to February 28, 2027, allowing EBRD to beneficially own 216,810,021 common shares at maturity, representing a 20.28% ownership interest [9][10]. - The transaction allows EBRD to maintain its ownership interest at a similar level as before the private placement and issuance of notes [11].
Wall Street falls as oil surge fuels inflation fears, Dow Jones down 200 points
Invezz· 2026-03-19 20:58
Market Overview - Wall Street closed lower due to rising oil prices and geopolitical tensions in the Middle East, impacting investor sentiment and the outlook for interest rate cuts [1][7] - The S&P 500 fell 0.27% to 6,606.49, the Nasdaq Composite decreased 0.28% to 22,090.69, and the Dow Jones Industrial Average dropped 0.44%, or 203.72 points, to 46,021.43 [1][2] Oil Prices and Inflation - Oil prices surged, with Brent crude settling up about 1.2% at $108.65 per barrel, the highest close since July 2022, while US West Texas Intermediate crude futures edged down 0.2% to $96.14 per barrel [4] - The increase in oil prices reignited inflation concerns, particularly due to the conflict involving Iran, Israel, and the United States, which raised fears of prolonged supply disruptions [3][11] Interest Rate Expectations - Interest rate futures indicate that traders see little chance of rate cuts before mid-2027, reflecting a significant shift in expectations following recent comments from Federal Reserve Chair Jerome Powell [5][4] Sector Performance - Eight of the 11 S&P 500 sectors ended lower, with materials dropping 1.55% and consumer discretionary stocks declining 0.87% [8] - Major technology and consumer stocks contributed to the market decline, with Micron Technology falling 3.8% after a disappointing quarterly forecast, Nvidia down 1%, and Tesla declining 3.2% amid regulatory scrutiny [6][8] Geopolitical Risks - Geopolitical developments, particularly the disruption of shipping through the Strait of Hormuz, continue to cloud market sentiment, despite some easing in oil prices following comments from Israeli Prime Minister Benjamin Netanyahu [9][11] - Investor sentiment has shifted as the conflict continues, with concerns that it may not end quickly and that commodity prices may not return to pre-war levels [10][11]
S&P 500 Slides, Gold Crashes As $100 Oil Stokes Stagflation Fears: What's Moving Markets Thursday?
Benzinga· 2026-03-19 17:36
Wall Street extended its sell-off Thursday as surging crude prices — driven by Iranian strikes on Gulf energy infrastructure — collided with a more hawkish Federal Reserve, pushing the S&P 500 to its lowest close since mid-November and reigniting stagflation fears. • Newmont stock is taking a hit today. What’s weighing on NEM shares?Speaking alongside Japan’s Prime Minister Sanae Takaichi at the White House, President Donald Trump said Iran is “close to demolished” and the “excursion will be over soon” — b ...
Greenland Mines Engages WSP Denmark to Launch Comprehensive Environmental Baseline Program at Skaergaard Mining Site
Prnewswire· 2026-03-19 16:05
By initiating the environmental work, Greenland Mines is both accelerating the Skaergaard development and permitting process and demonstrating a strong, longterm commitment to responsible development in Greenland. TwoYear Arctic Environmental Baseline Program As part of the EIA, which must be submitted after the granting of an Exploitation License, Greenlandic authorities typically require at least two years of prior biological baseline surveys covering the full project area and realistic development altern ...
Does Aura Minerals (AUGO) Have the Potential to Rally 29.25% as Wall Street Analysts Expect?
ZACKS· 2026-03-19 14:55
Shares of Aura Minerals (AUGO) have gained 5.2% over the past four weeks to close the last trading session at $72.34, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $93.5 indicates a potential upside of 29.3%.The average comprises four short-term price targets ranging from a low of $68.00 to a high of $105.00, with a standard deviation of $17.14. While the lowest estimate indic ...
X @Bloomberg
Bloomberg· 2026-03-19 14:35
Indonesia will allow miners to boost coal production after prices surged following disruptions to global energy markets caused by the war in Iran https://t.co/QJca5gfven ...
X @Bloomberg
Bloomberg· 2026-03-19 14:05
Peru’s mining industry is warning that a bill moving through Congress to halve the time to hold unused concessions would end up discouraging investment and favoring informal operators https://t.co/mPTs7PppfA ...
X @Bloomberg
Bloomberg· 2026-03-19 14:00
As countries look for alternatives to China for rare earths, Brazil could step up. Here's what to know https://t.co/gP6oS7oxz6 ...
Lifezone Metals (LZM) - 2025 H2 - Earnings Call Presentation
2026-03-19 14:00
The Supply Chain Solution for Clean Metals 2025 Full Year Results March 19, 2026 The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals' expectations, plans or forecasts of future events and views as of the date of th ...