Hannan Provides Update on First-Ever Drilling of Back-Arc Porphyry and Epithermal Targets in PeruAugust 25, 2025 6:30 AM EDT | Source: Hannan Metals Ltd.Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Hannan Metals Limited's (TSXV: HAN) (OTC Pink: HANNF) ("Hannan" or the "Company") is pleased to report new drilling results from its 100% owned epithermal gold target at the Belen project, contained within the permitted Valiente Declaracion de Impacto Ambiental ("DIA") area, in ...

25 August 2025 | 3:24AM HKT CMOC Group (3993.HK) Buy Earnings Review: 1H25 below on lower DRC profit; Strong minor metal pricing to support profit growth; Buy | 3993.HK | 12m Price Target: HK$10.80 | Price: HK$10.79 | Upside: 0.1% | | --- | --- | --- | --- | | 603993.SS | 12m Price Target: Rmb13.00 | Price: Rmb11.11 | Upside: 17.0% | CMOC reported 1H25 NP of Rmb8.67bn and EPS of Rmb0.405/sh, up 60%/62% yoy respectively, in line with the previous preliminary profit announcement. Excluding one-offs, mostly fa ...

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Core Insights - Midland Exploration Inc. has initiated an exploration program to investigate copper-gold-molybdenum-silver occurrences at its Saruman project, located in the Eeyou Istchee James Bay region of Quebec [4][6] - The Saruman project consists of 121 claims covering an area of 64 square kilometers and was acquired in November 2023 [4][8] - Strong copper anomalies were identified in a high-density lake sediment geochemistry survey, with significant concentrations found in a 5 by 3-kilometer area [6][10] Exploration Details - Reconnaissance work in summer 2024 revealed anomalous values of 0.32% Cu, 0.35 g/t Au, 0.39% Mo, and 13.8 g/t Ag in grab sample L880271 [6][10] - The mineralization observed includes disseminated, veinlet, and fracture-filling chalcopyrite, pyrite, and molybdenite in tonalites [6][10] - The current mineralization does not fully explain the extent of the lake sediment copper anomalies, suggesting a potentially larger Cu-Au-Mo-Ag system may be present [7][10] Geological Context - The Saruman project is situated in the Opatica geological Subprovince, specifically within the Theodat Complex, which remains poorly understood [8] - No previous exploration has been reported in the project area, indicating a relatively unexplored region with significant potential [8][10] Quality Control and Methodology - Exploration programs are designed and interpreted by Qualified Persons following industry best practices, including quality assurance and control measures [10][11] - Statistical processing of lake sediment data was conducted by the Ministère des Ressources Naturelles et des Forêts du Québec (MRNF), identifying multiple copper anomalies above the 97th and 99.5th percentiles [9][10]

Group 1: Joint Venture and Investment - Hudbay Minerals Inc. has entered into a joint venture agreement with Mitsubishi Corporation, where Mitsubishi will acquire a 30% minority stake for an initial cash contribution of $600 million [1][9] - Mitsubishi's investment will consist of $420 million at closing and $180 million within 18 months of closing, along with funding its pro-rata 30% share of future equity capital contributions [3] Group 2: Project Details and Financial Impact - Copper World is one of the highest-grade open-pit copper projects in the Americas, with proven and probable reserves of 385 million tons at 0.54% copper [2] - The combined impact of the Mitsubishi investment and the amended Wheaton stream is expected to reduce Hudbay Minerals' estimated share of remaining capital requirements to around $200 million, deferring its first capital outlay until 2028 [5][9] Group 3: Production and Growth Outlook - Hudbay Minerals plans to advance Copper World toward a sanction decision in 2026, with a feasibility study expected to be completed by mid-2026 [6] - Once in production, Copper World is expected to produce 85,000 tons of copper annually over an initial 20-year mine life, boosting Hudbay Minerals' consolidated copper output by more than 50% [6] Group 4: Recent Financial Performance - Hudbay Minerals reported second-quarter 2025 earnings of 19 cents per share, compared to break-even earnings per share a year ago, driven by higher gross margins and cost control [7] - The company reported revenues of $536.4 million, a 26% increase year over year, with consolidated copper production at 29,956 tons and gold production at 56,271 ounces [8]

Core Viewpoint - Surge Copper Corp. is advancing its 2025 field program at the Berg copper-molybdenum-precious metals project, focusing on resource updates and a pre-feasibility study while also engaging in a strategic private placement to raise approximately $4.5 million [1][6][7]. Operational Update - The 2025 field program at the Berg project is progressing with resource drilling nearing completion, totaling approximately 1,500 meters planned [2][3]. - The first geotechnical hole has been completed, which will help characterize ground conditions for proposed infrastructure [3]. - The program includes the first uphill-angle drilling at Berg, with a successful 456-meter hole completed at a 14-degree dip to assess mineralization and acid rock drainage potential [4]. - Additional activities include geophysical surveys, environmental baseline studies, and logistical preparations, contributing to the data needed for the pre-feasibility study [5]. Strategic Investment Update - Surge is conducting a private placement of common shares to a strategic investor, increasing their ownership to 19.9% of the company, expected to raise approximately $4.5 million [6][7]. - The subscription agreement for the private placement has been executed, and regulatory approval processes are underway in South Africa [7]. - The transaction is anticipated to close within approximately four weeks, pending necessary regulatory approvals [7]. Upcoming Investor Events - Surge management will participate in several investor conferences in North America and the UK, including the Precious Metals Summit in Colorado and the Metals Investor Forum in Vancouver [10].

Financial Data and Key Metrics Changes - The company generated adjusted EBITDA of $245 million in the second quarter, resulting in a record annual trailing twelve-month adjusted EBITDA of $996 million as of June 30 [10] - Net earnings were $0.30 per share, and adjusted net earnings were $0.19 per share in the second quarter after adjustments for non-cash gains [10] - Cash generated from operating activities increased to $260 million compared to the first quarter, driven by higher gross margins and positive working capital management [10] - Free cash flow for the quarter was $88 million, with over $400 million generated in the last twelve months [11] - The company ended the quarter with $626 million in cash and cash equivalents, and net debt reduced to $434 million, improving the leverage ratio to 0.4 times [11] Business Line Data and Key Metrics Changes - Consolidated copper production in the second quarter was 30,000 tons, and consolidated gold production was 56,000 ounces, with copper production in line with the first quarter [8] - Consolidated silver production was 815,000 ounces, and zinc production was 5,000 tons in the second quarter [9] - In Peru, copper production was 22,000 tons, with gold production of 7,000 ounces and silver production of 552,000 ounces [12][13] - Manitoba operations produced 43,000 ounces of gold, 1,600 tons of copper, 5,100 tons of zinc, and 198,000 ounces of silver, lower than the first quarter due to wildfire impacts [16] - British Columbia operations produced 6,600 tons of copper and 5,700 ounces of gold, with production expected to increase in the second half of the year [20] Market Data and Key Metrics Changes - The company reaffirmed its full-year consolidated production guidance for all metals, tracking well below its full-year consolidated cost guidance for 2025 [9] - The cost guidance range for 2025 was improved to $0.65 to $0.85 per pound, down from the original range of $0.80 to $1 per pound [9] Company Strategy and Development Direction - The company announced a minority joint venture agreement with Mitsubishi Corporation for the Copper World project, reducing funding requirements and enhancing financial strength [6][7] - The joint venture is expected to unlock significant value in the copper growth pipeline and establish a long-term strategic partnership [7][25] - The company aims to maintain a strong balance sheet while advancing high-return growth projects, including the Copper World project [12][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year production guidance despite challenges from wildfires and operational disruptions [19] - The current federal environment in the U.S. is viewed as constructive for project development, with bipartisan support for the Copper World project [48] - Management emphasized the importance of focusing on Phase one of the Copper World project before considering Phase two [48] Other Important Information - The company has committed over CAD 2 million in funding support to evacuated employees due to wildfires [15] - The Copper World project is expected to create over 1,000 jobs during the construction period and contribute significantly to U.S. taxes and the domestic copper supply chain [30][31] Q&A Session Summary Question: Will Mitsubishi have commercial off-take rights? - Yes, Mitsubishi will have rights to 30% off-take consistent with their ownership share [38] Question: Is there potential to bring forward the concentrate leach facility? - Yes, it is a possibility that will be studied in the feasibility study [39] Question: What is the strategic interest of Mitsubishi in the deal? - Mitsubishi's equity contribution significantly reduces Hudbay's capital requirement, allowing for a lower level of debt [41] Question: Any discussions with the U.S. Administration regarding Copper World Phase II? - Currently, the focus is entirely on Phase one, which is fully permitted [48] Question: Is there any major cost inflation expected for Copper World? - There may be modest increases in CapEx due to inflation, but higher copper prices are also expected [51] Question: What is the status of exploration programs in Manitoba and Peru? - Exploration in Manitoba has been paused due to wildfires, while in Peru, drilling will commence once the Consulta Previa process is completed [78]

Core Insights - Liberty Star Minerals is emphasizing the significance of its Hay Mountain Project in Arizona as a key asset for the U.S. critical mineral strategy [1] - The company is advocating for federal support to expedite the development of mining projects in Arizona, highlighting the importance of mineral security for national security [2][3][4] Congressional Support - Representative Paul Gosar sent a letter to various Cabinet Secretaries urging them to prioritize Arizona's mining projects, specifically mentioning the Hay Mountain property [2] - The letter stresses that mineral and mining security is integral to national security and calls for expedited permitting processes [2] Call to Action - Liberty Star is encouraging federal agencies and stakeholders to engage in the exploration and development phases of the Hay Mountain Project [3] - The company believes that Arizona's mineral resources can significantly contribute to American industries if supported by regulatory frameworks [3] Leadership Advocacy - Chairman Pete O'Heeron's meetings in Washington, D.C. aimed to raise awareness about domestic mineral opportunities and the need for federal support [4] - O'Heeron highlighted the critical juncture for the U.S. in securing essential minerals for economic and national security [4] Hay Mountain Project Overview - The Hay Mountain Project is located in the Tombstone Mining District and is seen as a promising source of copper, gold, molybdenum, and other critical minerals [5] - Initial drilling results have shown elevated values of copper, lead, and zinc, indicating the potential for large-scale mineral development [5] - The project is positioned as a vital resource as the U.S. seeks to reduce reliance on foreign supply chains and transition to clean energy [5] Company Background - Liberty Star Minerals focuses on discovering and developing mineral properties in the Southwest U.S., with the Hay Mountain Project being central to its strategy [6]

TUCSON, AZ, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Liberty Star Minerals (“Liberty Star” or the “Company”) (OTCQB: LBSR) is proud to highlight the renewed national focus on its flagship Hay Mountain Project in Cochise County, Arizona—a property now recognized as a cornerstone for America’s critical mineral ambitions. This builds on a surge of exploration momentum and a successful Washington, DC advocacy campaign in May led by Board Chairman Pete O’Heeron. Congressional Support: Gosar’s Letter to Cabinet Secretar ...

Taseko Mines (TGB) Q2 2025 Earnings Call August 07, 2025 11:00 AM ET Speaker0Ladies and gentlemen, thank you for standing by, and welcome to the Daseko Mines twenty twenty five Second Quarter Earnings Conference Call. At this time, all participants are in a listen only mode. We will conduct a question and answer session later and instructions will be given at that time. As a reminder, this call is being recorded. With that, I will turn the call over to Mr.Brian Berco. Sir, you may begin.Speaker1Thank you, J ...