TMC The Metals Company (NASDAQ: TMC) is an exciting stock right now. Over the past year, its share price has risen by over 220%. At one point, the stock was trading higher by more than 460%, so there is definitely some volatility to contend with. Before you jump aboard this roller-coaster ride, here are three things you need to know about TMC The Metals Company and its stock. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispen ...

Core Viewpoint - Eramet faced significant challenges in 2025 due to global macroeconomic headwinds, cyclical lows in core commodities, and a weakening dollar, which adversely affected profitability and cash generation. However, the company achieved key milestones in its strategic roadmap, particularly in lithium production and positive mining initiatives [3][4]. Financial Performance - Adjusted EBITDA for 2025 was €372 million, down 54% from 2024, primarily due to unfavorable price and exchange rate impacts, particularly in manganese [5][29]. - Net income attributable to the Group was -€477 million, with a net income of -€370 million when excluding SLN, reflecting a significant decline in EBITDA and asset impairment charges [5][29]. - Adjusted Free Cash Flow was -€481 million, influenced by construction capex for the lithium plant and tax disbursements [5][31]. Operational Highlights - The ramp-up of lithium production at Centenario achieved close to 75% of design capacity by December 2025, marking a significant operational milestone [5][100]. - The Eramet Grande Côte site in Senegal achieved the IRMA 50 performance level, aligning with the Group's Act for Positive Mining vision [4][16]. Strategic Initiatives - The ReSolution program was launched to improve operational performance, cash generation, and safety, with a target of delivering an initial EBITDA improvement potential of €130-170 million within two years [10][13]. - A funding plan was approved to enhance cash generation and strengthen the balance sheet, focusing on strict capital allocation, deleveraging, and targeted investments [7][11]. Market Trends - The global manganese ore price index averaged $4.5/dmtu in 2025, down 18% from 2024, reflecting a surplus in the supply/demand balance [50][60]. - Global electric vehicle sales increased by 20% in 2025, driving demand for lithium, which reached 1,533 kt-LCE, up 31% year-on-year [96][97]. Future Outlook - For 2026, Eramet targets manganese ore transportation volumes between 6.4 and 6.8 million tonnes, with a cash cost forecast between $2.4 and $2.6/dmtu [61][62]. - The lithium market is expected to continue growing, driven by the adoption of electric vehicles, with a projected sales penetration rate of 60% in China by 2026 [102].

Core Viewpoint - Aftermath Silver has initiated a Pre-Feasibility Study (PFS) for its Berenguela silver-copper-manganese project in Peru, marking a significant step towards potential production [1] Group 1: Project Development - The initiation of the PFS follows a successful C$20 million equity financing and an extensive 82-hole infill drilling program completed in 2025 [1] - The drilling campaign intersected mineralization in 95% of the holes, significantly increasing geological confidence in the project [1] - The updated Mineral Resource Estimate confirmed approximately 122.5 million ounces of silver and 717.1 million pounds of copper, enhancing the understanding of the deposit [1] Group 2: Future Plans - The PFS will build on the improved geological model and is expected to outline updated project economics, mine planning parameters, and development scenarios [1] - While advancing the PFS, the company plans to maintain exploration momentum across its portfolio, including drilling at the Challacollo silver project in Chile [1] - The initiation of the PFS is seen as a pivotal step in transforming Berenguela from an advanced exploration asset into a potential future mining operation [1]

Core Viewpoint - The Metals Company is attempting to develop an undersea mining operation, which has faced challenges in the past and is considered a high-risk venture [1][3][5]. Group 1: Company Overview - The Metals Company aims to produce nickel, cobalt, copper, and manganese, which are essential metals in the technology sector [4]. - The company is in the early stages of development, with no reported revenue and significant operating losses [5]. Group 2: Market Potential - There is a growing demand for the metals produced by The Metals Company, particularly due to investments in artificial intelligence and technology [4]. - The undersea mining technology being developed by the company is noted to be impressive, although it is still unproven [3]. Group 3: Financial Performance - In Q3 2025, The Metals Company reported a loss of $0.46 per share, an increase from a loss of $0.06 in Q3 2024, indicating ongoing financial challenges [5]. - The company is expected to continue incurring losses for the foreseeable future as it develops its operations [5]. Group 4: Investment Considerations - The Metals Company is viewed as a high-risk start-up, and most investors are advised to keep it on their watch lists rather than invest heavily at this stage [6]. - Only aggressive investors should consider owning shares in The Metals Company, with caution recommended due to the long-term nature of the mining opportunity [6].

Group 1: Critical Minerals Investment Theme - The investment theme of critical minerals is gaining traction among growth investors, particularly in the context of rare-earth companies and metal producers that support advanced technologies [1] - The focus is on identifying mineral stocks that offer significant opportunities for personal wealth building [1] Group 2: USA Rare Earth - USA Rare Earth is set to debut on public markets in March 2025 after merging with a special purpose acquisition company (SPAC) and aims to become a vertically integrated provider of rare-earth magnets [5] - The company’s Round Top deposit contains 15 of the 17 rare-earth elements, including all heavy rare-earth elements, setting it apart from other U.S. rare-earth companies [5] - A recent letter of intent (LOI) with the U.S. government includes a planned investment of $1.6 billion in equity, which mitigates previous risks related to the Round Top project [6] - With the U.S. government focused on strengthening domestic supply chains for rare-earth materials, USA Rare Earth presents a promising opportunity for investors as it prepares for commercial-scale production in Q1 2026 [7] Group 3: TMC The Metals Company - TMC The Metals Company is targeting the production of copper, cobalt, nickel, and manganese, which are essential for various applications, including defense and technology [8] - The company plans to harvest polymetallic nodules from the seafloor, which contain the aforementioned metals, and transport them for processing [9] - TMC has formed a partnership with Korea Zinc, which includes an equity investment and collaboration on refining metals from the recovered nodules [9]

Core Viewpoint - Eramet has implemented a temporary management structure in its finance department due to the suspension of its CFO, which is unrelated to the dismissal of its CEO, Paulo Castellari, over operational disagreements with the Board of Directors [2][3]. Group 1: Management Changes - The CFO, who joined Eramet in mid-September 2025, has been temporarily suspended to facilitate an independent investigation following employee warnings regarding the finance department's management [3]. - The dismissal of CEO Paulo Castellari was due to divergences in operating methods with the Board of Directors, as stated in a previous press release [2]. Group 2: Company Overview - Eramet focuses on transforming Earth's mineral resources to provide sustainable solutions for industrial growth and energy transition challenges [4]. - The company is involved in the recovery and development of essential metals such as manganese, nickel, lithium, and cobalt, which are crucial for building a more sustainable world [4][5]. - Eramet aims to be a reference point for the responsible transformation of mineral resources, contributing to robust infrastructures, efficient mobility, and safer health tools [5].

Core Insights - Aftermath Silver has appointed Danny Keating as Chief Operating Officer, enhancing the company's operational and technical leadership during a critical phase of the Berenguela project [1] - Keating brings over 30 years of experience in mining engineering, including roles in mine development and large-scale project execution [1] - The appointment is timely as recent drilling and an updated mineral resource estimate have laid a strong technical foundation for advancing engineering studies and further exploration [1] Company Leadership - Danny Keating has held senior executive positions, including CEO of Giyani Metals and leadership roles at Alufer Mining, Dynamic Mining, and Lindian Resources [1] - His background includes experience with major mining companies such as Anglo American and Gold Fields, as well as investment banking roles with Collins Stewart and ABN AMRO [1] Project Development - As COO, Keating will oversee engineering and technical studies, guiding the company through the next stage of project advancement [1] - The company is preparing to test eastern exploration targets and follow up on high-grade silver-copper-manganese intercepts, including a notable interval of 156 meters grading 290 grams per tonne silver, 1.12% copper, and 7.3% manganese [1] - Management views the current work program as the start of a transformational phase for the Berenguela project, aimed at technical de-risking and value creation [1]

Core Insights - Eramet Grande Côte has achieved the IRMA 50 performance level, marking a significant milestone in responsible mining practices within the Eramet Group [1][6][9] Group 1: IRMA Standard and Evaluation - The IRMA Standard for Responsible Mining is recognized as one of the most comprehensive evaluation frameworks in the mining sector, distinguishing four performance levels: IRMA Transparency, IRMA 50, 75, and 100 [2] - The IRMA 50 level indicates compliance with critical requirements across four principal areas: social responsibility, environmental responsibility, business integrity, and planning for positive legacies [2] Group 2: Audit Results and Transparency - The audit of Eramet Grande Côte revealed strong environmental, social, and governance practices, with specific performance levels: Business integrity at 74%, Social responsibility at 74%, Environmental responsibility at 67%, and Planning for positive legacies at 67% [7][9] - The audit process is voluntary and based on independent external evaluation, with full publication of the audit report to ensure transparency [4][6] Group 3: Continuous Improvement and Stakeholder Engagement - Follow-up audits will be conducted every 18 months to verify ongoing compliance with the IRMA standard, with results made publicly available [5][6] - Areas for improvement have been identified, focusing on best practices, stakeholder engagement, grievance management, resettlement processes, and water quality monitoring [10][11] Group 4: Commitment to Responsible Mining - The achievement of the IRMA 50 level aligns with the State of Senegal's goals for economic sovereignty and responsible development in the mining sector [8] - The Eramet Group aims to leverage this responsible mining approach to engage stakeholders in adopting higher environmental and social standards [9]

PresentationBrad RogersMD, CEO & Director Today, I would like to share key highlights from our December 2025 quarterly activities report and our recent announcement in relation to Exxaro Resources. On the 29th of January 2026, Exxaro announced that it has satisfied all conditions for the acquisition of various manganese mining investments in South Africa. This includes a 50.1% ownership in Tshipi and a 19.99% share in Jupiter Mines. Exxaro will acquire the 19.99% share in Jupiter from Ntsimbintle Holdings, ...

Core Viewpoint - Prince Silver Corp. has increased its non-brokered private placement from $3,000,000 to up to $4,750,000 due to strong investor demand [1][2]. Group 1: Offering Details - The Offering consists of units priced at $0.70 per Unit, each comprising one common share and one-half of a common share purchase warrant [3]. - Each whole warrant allows the holder to acquire one additional common share at $1.00 for two years, with an acceleration clause if the share price exceeds $1.40 for 10 consecutive trading days [3]. - The Company may issue up to 6,785,714 Units for total gross proceeds of up to $4,750,000, subject to regulatory approval [4]. Group 2: Use of Proceeds - Proceeds from the Offering are intended for advancing the next phase of drilling at the Prince Silver Project, completing a maiden mineral resource estimate, conducting ongoing metallurgical work, and general working capital [5]. Group 3: Company Overview - Prince Silver Corp. is focused on silver exploration, advancing its Prince Silver-Zinc-Manganese-Lead Mine in Nevada, which has been historically drill tested by over 129 holes [6]. - The Company also holds an interest in the Stampede Gap Project, a copper-gold-molybdenum porphyry system, indicating a focus on high-potential exploration assets [6].