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This stock caught Warren Buffett's attention and gained nearly 9% despite turbulent markets
Financialpost· 2025-11-21 22:48
Article contentAnalysts at the Bank of Nova Scotia dug further into the second set of major infrastructure projects announced last week and beefed up their initial list of 12 stock recommendations. Prime Minister Mark Carney announced six new projects of national interest, adding to the initial five proposals set out in mid-September. The new projects include the construction of an electricity transmission corridor and the completion of a floating liquefied natural gas (LNG) terminal in northern British Col ...
Galantas Gold Announces C$13.5 Million Upsized Financing and Provides Update on Acquisition of RDL Mining Corp.
Globenewswire· 2025-11-21 22:45
Core Viewpoint - Galantas Gold Corporation has announced an increase in its private placement offering to raise up to C$13.5 million due to strong investor demand, with an additional over-allotment option of C$2.025 million available for the agents involved in the offering [1][3]. Offering Details - The offering consists of 168,750,000 units priced at C$0.08 each, with each unit comprising one common share and one warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.12 for 36 months post-closing [2]. - The agents will receive a cash commission of 7.0% on the gross proceeds, with a reduced rate of 3.0% for certain purchasers on a designated list [3]. Use of Proceeds - Net proceeds from the offering will be allocated to exploration work on the Indiana Project, option payments related to the project, and general corporate and working capital purposes [5]. Transaction with RDL Mining - The company is progressing with the acquisition of RDL Mining Corp., where RDL shareholders will receive approximately 132 million common shares, representing 49.99% of the outstanding shares post-transaction [9][10]. - The total consideration for the transaction is valued at approximately C$10.6 million, with additional terms including a 0.66% net smelter returns royalty payable by Galantas [10][11]. Financial Overview of RDL Mining - As of September 30, 2025, RDL Mining reported total assets of C$189,425 and total liabilities of C$223,658, resulting in total equity of C$(34,233) [12]. - RDL incurred a net loss of C$(34,263) from its incorporation until September 30, 2025 [12]. Future Management Structure - Post-transaction, the board of directors of Galantas will expand to include members from RDL, enhancing the company's operational expertise [12]. Indiana Project Details - The Indiana Project involves an option agreement requiring total payments of US$15 million over five years, with specific payment milestones outlined [13]. - A copper stream agreement has been established, providing upfront payment and a fixed percentage of copper produced from the Indiana Project [13].
Glass Lewis recommends Teck Resources to vote in favor of deal with Anglo American
Reuters· 2025-11-21 19:10
Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources shareholders to vote in favor of a deal to combine with Anglo American. ...
Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2025-11-21 18:34
Nov 21, 2025 1:34 PM Eastern Standard Time Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit Share LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP reminds investors of the upcoming January 12, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Freeport-McMoran Inc. ("Freeport†or the "Company†) (NYSE: FCX) securities betw ...
X @Bloomberg
Bloomberg· 2025-11-21 18:14
Shareholder advisory firm Glass Lewis recommended that investors of Teck and Anglo vote in favor of a deal to combine the mining companies https://t.co/QluuvraWBU ...
Ivanhoe Mines and Qatar Investment Authority (QIA) Announce Memorandum of Understanding (MOU) to Further Exploration, Development and Mining of Critical Minerals
Newsfile· 2025-11-21 15:00
Core Points - Ivanhoe Mines and Qatar Investment Authority (QIA) have signed a memorandum of understanding (MoU) to enhance exploration, development, and mining of critical minerals [1][3] - The MoU follows QIA's strategic investment of US$500 million into Ivanhoe Mines announced on September 29, 2025 [1][2] Collaboration Framework - The MoU establishes a framework for collaboration to support Ivanhoe's efforts in sustainably supplying critical minerals essential for global energy transition and advanced technologies [3][4] - QIA will support Ivanhoe Mines' management in pursuing existing and new growth projects, including the Western Forelands exploration project in the DRC [5] Future Opportunities - Ivanhoe and QIA intend to collaborate in good faith to identify and explore future partnerships and opportunities in mining projects at all development phases [6] - Potential areas of collaboration include investment or financing for critical minerals projects, strategic mergers and acquisitions, infrastructure development, and downstream processing capabilities [7][8] Company Background - Ivanhoe Mines is focused on advancing its operations in Southern Africa, including the Kamoa-Kakula Copper Complex and the Kipushi zinc-copper-germanium-silver mine in the DRC [9] - The company is also exploring for copper in its extensive exploration licenses in the Western Forelands and other regions such as Angola, Kazakhstan, and Zambia [10] QIA Overview - Qatar Investment Authority (QIA) is the sovereign wealth fund of Qatar, established to manage state reserve funds and invest across various asset classes globally [11]
Orion Expands Rare Earth and Critical-Mineral Holdings With New Nevada Lease; Provides Update on Multi-State Energy Operations
Accessnewswire· 2025-11-21 14:40
CARSON CITY, NV / ACCESS Newswire / November 21, 2025 / Orion Diversified Holding Co. Inc. (OTCID:OODH) ("Orion" or the "Company"), a revenue-generating diversified natural-resource company, announced today that it has secured another two-year mineral lease covering approximately 20 acres in Nevada, located within a region known for historic placer gold, precious metals, and critical-mineral potential. The lease was acquired through a low-cost fixed-term agreement, granting Orion full exploration rights alo ...
X @Bloomberg
Bloomberg· 2025-11-21 13:12
State-owned miner Codelco and Kutch Copper, a unit of Indian billionaire Gautam Adani’s sprawling conglomerate, have struck a joint exploration and development deal in Chile, a source says https://t.co/38PYH9Ogdy ...
OTC Markets Group Welcomes PT Medco Energi Internasional TBK to OTCQX
Globenewswire· 2025-11-21 12:00
NEW YORK, Nov. 21, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced PT Medco Energi Internasional TBK (IDX: MEDC; OTCQX: MDCOY), a leading Southeast Asian energy and natural resource company has qualified to trade on the OTCQX® Best Market. PT Medco Energi Internasional TBK upgraded to OTCQX from the Pink® market. PT Medco Energi Internasional TBK begins trading today on OTCQX under the symbol ...
What's Next After Rio's 18% Surge
Forbes· 2025-11-21 11:45
Core Viewpoint - Rio Tinto demonstrated strong operational performance in Q3 2025, with significant increases in production and shipments across various segments despite challenging commodity markets [2][4][9] Production and Shipments - Pilbara iron-ore shipments reached 84.3 million tons, a 6% increase from the previous quarter [2] - IOC iron-ore pellets and concentrate production rose by 11% year-on-year [2] - Copper-equivalent production grew by 9% compared to Q3 2024 [2] - Bauxite production increased to 16.4 million tons, reflecting a 9% year-on-year rise, while aluminum output rose by 6% to approximately 0.86 million tons [2] Financial Performance - The share price of Rio Tinto increased by approximately 18% year-to-date, driven by diversified production and a focus on higher-growth sectors like copper and lithium [4][9] - The company revised its full-year bauxite guidance to a range of 59–61 million tons, up from 57–59 million tons [2] Growth Drivers - Copper production reached 204 kt in Q3, marking a 10% year-on-year increase, with expectations to meet the higher end of annual guidance [7] - The growth in bauxite and aluminum segments, supported by updated guidance, presents potential upside for the company [8] Future Outlook - Q4 2025 will be critical for iron-ore volumes and operational stability, especially following earlier weather disturbances [6] - Consistent Pilbara shipments alongside growth in bauxite and aluminum could lead to a strong finish for the year [6]