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Greenland Resources Provides Update and Will Present at BMO Conference in Florida
Businesswire· 2026-01-30 14:26
Core Insights - Greenland Resources Inc. is advancing its Malmbjerg project in Greenland, which focuses on molybdenum and magnesium production, with significant potential for supplying the EU market [1][2] Company Overview - Greenland Resources is a Canadian public company regulated by the Ontario Securities Commission, primarily focused on developing its 100% owned Climax-type primary molybdenum deposit in central east Greenland [2] - The Malmbjerg project features an environmentally friendly open-pit mine design, emphasizing reduced water usage and low ecological disturbance [2] Project Highlights - The Malmbjerg project has a capital expenditure (capex) of US$820 million, with a levered after-tax internal rate of return (IRR) of 33.8% and a payback period of 2.4 years, based on a molybdenum price of US$18 per pound [2] - Proven and probable reserves are estimated at 245 million tonnes with a grade of 0.176% MoS, equating to 571 million pounds of contained molybdenum [2] - The project is expected to produce an average of 32.8 million pounds of molybdenum annually during the first ten years, meeting approximately 25% of the EU's total yearly consumption and 100% of its defense needs [2] Market Context - The EU is the second-largest molybdenum user globally, consuming around 122 million pounds annually, which constitutes 19% of global demand [5] - Molybdenum is critical for enhancing the properties of steel and is essential for various industries, including automotive and defense, which represent about 18% of the EU's GDP [5] Strategic Importance - The Malmbjerg project is recognized as a priority EU project under the European Commission's RESourceEU initiative, highlighting its strategic importance for the EU's raw materials supply [3][4] - The project aims to supply environmentally friendly high-quality primary molybdenum from a responsible source, addressing the EU's reliance on imports, particularly from China [5] Financial and Operational Developments - The company is in discussions with the European Commission, national governments, and financial institutions regarding equity financing and grants for the project [3] - An updated letter of interest from Export Development Canada indicates potential support of up to USD$275 million for the project's development [3] - The company has secured binding long-term offtake agreements with major steel companies across Europe, ensuring price protection and stable demand [3] Future Engagements - Greenland Resources plans to present the Malmbjerg project at the BMO Capital Markets' Global Metals, Mining & Critical Minerals Conference on February 24, 2026, and during Greenland Day at the PDAC on March 2, 2026 [3]
Inomin Mines (CVE:MINE) Trading Up 20% – Still a Buy?
Defense World· 2025-12-07 07:52
Core Viewpoint - Inomin Mines Inc. experienced a significant share price increase of 20% during trading, indicating heightened investor interest and activity in the stock [1][2]. Group 1: Stock Performance - The share price rose to a high of C$0.10 before closing at C$0.09, up from a previous close of C$0.08 [1]. - Trading volume surged to approximately 902,372 shares, marking an 821% increase compared to the average daily volume of 98,010 shares [1]. - The stock's 50-day simple moving average is C$0.08, while the 200-day simple moving average is C$0.05 [2]. Group 2: Company Overview - Inomin Mines Inc. is an exploration stage company focused on the identification, acquisition, exploration, and evaluation of mineral properties in Canada and Mexico [3]. - The company explores for various mineral deposits, including magnesium, nickel, gold, silver, copper, chromium, cobalt, and zinc [3]. - Inomin Mines was incorporated in 2012 and is based in Vancouver, Canada [3]. Group 3: Financial Metrics - The company has a market capitalization of C$4.41 million [2]. - Inomin Mines has a price-to-earnings (PE) ratio of -9.00, indicating it is currently operating at a loss [2]. - The stock has a beta of 4.97, suggesting high volatility compared to the market [2].
Inomin Mines (CVE:MINE) Stock Price Up 20% – Here’s Why
Defense World· 2025-12-07 07:52
Group 1 - Inomin Mines Inc.'s stock price increased by 20% during trading, reaching a high of C$0.10 and last trading at C$0.09 [1] - The trading volume surged to 902,372 shares, an increase of 821% compared to the average session volume of 98,010 shares, with the previous close at C$0.08 [1] Group 2 - Inomin Mines has a market capitalization of C$4.41 million, a P/E ratio of -9.00, and a beta of 4.97 [2] - The company's 50-day moving average price is C$0.08, while the 200-day moving average price is C$0.05 [2] Group 3 - Inomin Mines Inc. is an exploration stage company focused on identifying, acquiring, exploring, and evaluating mineral properties in Canada and Mexico, targeting deposits of magnesium, nickel, gold, silver, copper, chromium, cobalt, and zinc [3] - The company was incorporated in 2012 and is based in Vancouver, Canada [3]
TETRA TECHNOLOGIES, INC. AND MAGRATHEA METALS, INC.
Prnewswire· 2025-12-02 11:00
Core Insights - TETRA Technologies, Inc. has signed a term sheet to form a joint venture with Magrathea Metals, Inc. to enhance the domestic magnesium metal supply chain in the U.S. [1][4] - Magnesium is recognized as a critical mineral essential for the defense industrial base and broader economy [2][6] Group 1: Joint Venture and Strategic Goals - The joint venture aims to rebuild America's magnesium metal defense industrial base at TETRA's Evergreen Project in Southwest Arkansas [1][4] - TETRA's ONE TETRA 2030 strategy focuses on clean and secure domestic manufacturing of critical minerals, including magnesium [4] - Magrathea has received Defense Production Act Title III funding to support its initial commercial phase at TETRA's Evergreen Plant [4] Group 2: Project Details - TETRA is constructing a bromine production facility projected to produce 75 million lbs. of bromine annually, with operations expected to start by the end of 2027 [3] - The Evergreen Project will also focus on producing lithium and magnesium from brine, leveraging Magrathea's innovative electrolytic magnesium technology [3][4] Group 3: Industry Context - The partnership is positioned to enhance the U.S. supply chain for magnesium, which is critical for national security and economic stability [2][6] - The collaboration is seen as a significant step towards ensuring that the U.S. can compete globally in the defense industry [4]
Market Close: XJO back above 9,000pts as the underworld of explorers chops and churns after Trump-Albo meeting
The Market Online· 2025-10-21 04:05
Group 1 - The article discusses the impact of a multibillion-dollar critical mineral deal between Canberra and Washington on small junior explorers in the ASX, particularly in the rare earths and gold sectors [3][4]. - The materials sector is leading the market with a 1.8% increase, while most sectors are performing well except for real estate and consumer staples, which are down by 0.5% [4]. - Latrobe Magnesium is highlighted as a key beneficiary from the recent political meeting, as the U.S. lacks a primary producer for magnesium [4]. Group 2 - Larvotto has seen a rise in its stock price after discovering more gold and antimony at its NSW project, following a takeover offer valued at $1.40 per share [5]. - Alcoa Corporation's stock jumped after being mentioned in the Albanese-Trump meeting, along with other companies involved in various minerals [5]. - Lynas Rare Earths experienced a decline of approximately 7% as it was overlooked in the discussions during the meeting [6].
Tetra Technologies (TTI) Moves 5.2% Higher: Will This Strength Last?
ZACKS· 2025-10-07 17:06
Core Insights - Tetra Technologies (TTI) shares increased by 5.2% to close at $5.83, supported by high trading volume and an 18.1% gain over the past four weeks [1][2] Company Performance - The recent feasibility study revealed a 173% increase in bromine resources and a 163% rise in lithium resources, along with new discoveries of magnesium and manganese [2] - Tetra Technologies is expected to report quarterly earnings of $0.04 per share, reflecting a year-over-year increase of 33.3%, with revenues projected at $144.4 million, up 1.9% from the previous year [3] - The consensus EPS estimate for Tetra Technologies has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] Industry Context - Tetra Technologies holds a Zacks Rank of 2 (Buy) within the Oil and Gas - Field Services industry, while competitor Schlumberger (SLB) has a Zacks Rank of 4 (Sell) and has seen a -4.4% return over the past month [5][6]
Greenland Resources Announces Closing of Private Placement Financing for Aggregate of $10 Million
Globenewswire· 2025-08-05 21:31
Company Overview - Greenland Resources Inc. is a Canadian public company focused on developing its 100% owned Climax type primary molybdenum deposit located in central east Greenland [5] - The Malmbjerg project is an open pit operation designed with an environmentally friendly approach, emphasizing reduced water usage and low ecological disturbance [5] - The project has a Definitive Feasibility Study completed in 2022, indicating a capital expenditure (capex) of US$820 million and a levered after-tax internal rate of return (IRR) of 33.8% with a payback period of 2.4 years at a molybdenum price of US$18 per pound [5] Financial Activities - The company has successfully closed a non-brokered private placement of 6,666,667 units at a price of C$1.50 per unit, raising gross proceeds of C$10,000,000.50 [1][2] - Each unit consists of one common share and one warrant, with each warrant exercisable at C$2.00 for a period of 24 months [2] - The proceeds from the offering will be used for detailed engineering studies, magnesium metallurgical studies for the Malmbjerg Project, capital expenditures, offtaking negotiations, and general corporate purposes [2] Project Details - The Malmbjerg project has Proven and Probable Reserves of 245 million tonnes at a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [5] - The average annual production for the first ten years is projected to be 32.8 million pounds of contained molybdenum, which represents approximately 25% of the EU's total yearly consumption and meets 100% of the EU's defense needs [5] - The project also aims to extract magnesium from saline water, utilizing innovative technologies, and incorporates magnesium into the feasibility study's economics [5] Regulatory and Compliance - The company has filed an amended and restated offering document on its SEDAR+ profile in compliance with the Listed Issuer Financing Exemption [3] - The securities from the offering have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without compliance with applicable regulations [4][11]
Greenland Resources Announces Private Placement Financing for Aggregate of $10 Million
Globenewswire· 2025-08-05 11:30
Core Viewpoint - Greenland Resources Inc. is conducting a non-brokered private placement to raise up to C$10 million for its Malmbjerg Project in Greenland, focusing on molybdenum and magnesium development [1][7]. Group 1: Offering Details - The private placement will consist of up to 6,666,667 units priced at C$1.50 each, with each unit including one common share and one warrant [1]. - Each warrant allows the purchase of one common share at C$2.00 for 24 months post-closing [1]. - The offering is expected to close around August 5, 2025, pending necessary regulatory approvals [4]. Group 2: Use of Proceeds - Proceeds from the offering will fund detailed engineering studies, magnesium metallurgical studies, capital expenditures, offtake negotiations, and general corporate purposes [1][8]. Group 3: Project Overview - The Malmbjerg Project is a 100% owned molybdenum deposit with magnesium as a byproduct, located in central east Greenland [7]. - The project has a capex of US$820 million, a levered after-tax IRR of 33.8%, and a payback period of 2.4 years based on a US$18 per pound molybdenum price [8]. - Proven and Probable Reserves are estimated at 245 million tonnes with a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [8]. Group 4: Market Context - The project aims to supply approximately 25% of the EU's total yearly molybdenum consumption and meet 100% of the EU's defense needs [8]. - The magnesium market is currently dominated by China, which holds an 89% market share [7]. Group 5: Advisory Agreement - Greenland Resources has engaged ECM Capital Advisors Ltd. for financial advisory services related to the offering, with a fee of $700,000 and issuance of 466,666 non-transferable warrants [5].
X @Decrypt
Decrypt· 2025-07-27 16:01
AI Avatars Are Pushing Mega-Dose Magnesium—Doctors Say It’s a Health Risk► https://t.co/8h9y5DgVii https://t.co/8h9y5DgVii ...
Greenland Resources Announces Voting Results
Globenewswire· 2025-05-23 17:27
Core Points - Greenland Resources Inc. held its annual general and special meeting on May 23, 2025, where significant shareholder support was demonstrated through the election of directors and other resolutions [1] Group 1: Election of Directors - All four director nominees proposed by management were elected with over 98% of the votes cast, indicating strong shareholder confidence [2] - Voting results for each director were as follows: Ruben Shiffman received 98.66% approval, Leonard Asper also received 98.66%, James Steel received 98.80%, and Nauja Bianco received 98.80% [2] Group 2: Reappointment of Auditors - The reappointment of McGovern Hurley LLP as independent auditors for the upcoming year was approved, along with the authorization for the board to fix their remuneration [3][4] Group 3: Long-Term Incentive Plan - The continuation of the Company's long-term incentive plan, including all unallocated entitlements, was approved with 98.73% of votes in favor [5][6] Group 4: Company Overview - Greenland Resources is focused on developing its 100% owned Climax type primary molybdenum deposit in central east Greenland, with the Malmbjerg molybdenum project also producing magnesium as a by-product [7] - The Malmbjerg project has a capex of US$820 million and a levered after-tax IRR of 33.8%, with a payback period of 2.4 years based on a molybdenum price of US$18 per pound [7] - Proven and Probable Reserves are estimated at 245 million tonnes with a grade of 0.176% MoS2, equating to 571 million pounds of contained molybdenum [7] - The project is supported by the European Raw Materials Alliance (ERMA), which is managed by EIT RawMaterials, a body of the European Union [8]