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New Age Metals Expands Pgm Portfolio With Strategic Staking Of The Escape East Pgm-Ni-Cu Project Adjacent To Clean Air Metals' Deposits In Northwestern Ontario
Thenewswire· 2026-02-26 22:15
February 26th, 2026 – Rockport, Ontario – TheNewswire – New Age Metals Inc. (TSX.V: NAM | OTCQB: NMTLF | FSE: P7J) (“NAM” or the “Company”) is pleased to announce that it has acquired, via staking, the Escape East Project, a 100%-owned platinum group metals–nickel–copper (PGM–Ni–Cu) exploration property comprising approximately ~4,000 hectares in the Thunder Bay Mining Division of Northwestern Ontario.The Escape East Project is located adjacent to the Thunder Bay North Project operated by Clean Air Metals ...
Sibanye Stillwater Limited's Financial Performance and Market Position
Financial Modeling Prep· 2026-02-21 16:00
Sibanye Stillwater Limited (SBSW) reported an EPS of -$0.14, missing the expected $0.55, indicating financial challenges.The company achieved a revenue of approximately $4.67 billion, surpassing the estimated $3.87 billion, showcasing strong sales performance.Debt-to-equity ratio stands at 1.06, and the current ratio is 2.89, indicating a balanced financing approach and strong liquidity.Sibanye Stillwater Limited, listed on the NYSE under the symbol SBSW, is a prominent player in the mining industry. The co ...
Sibanye hits new high on BlackRock, gold price boosts
MINING.COM· 2026-01-28 17:20
Core Viewpoint - BlackRock Inc. has increased its stake in Sibanye-Stillwater to 5.001%, leading to a surge in the company's share price to an all-time high [1][2]. Group 1: Shareholder Activity - BlackRock previously held a 3.57% stake in Sibanye, making it one of the top institutional shareholders [2]. - The increase in BlackRock's shareholding has contributed to a significant rise in Sibanye's share price, which reached $20.84 in New York, marking a 3.6% increase [2]. Group 2: Market Capitalization and Precious Metals - Following the share price surge, Sibanye's market capitalization is approximately $14.2 billion [2]. - The rise in Sibanye's shares coincides with a broader rally in precious metals, with gold prices exceeding $5,300 per ounce and silver surpassing $117 per ounce [2]. Group 3: Company Profile - Sibanye-Stillwater is recognized as one of the largest primary producers of platinum group metals and a leading gold producer, operating mines across five continents [3]. - Public Investment Corp. (PIC), South Africa's state-owned asset management firm, has also increased its stake in Sibanye to over 20%, solidifying its position as the largest investor in the company [3].
Metalsource announces CHANGE OF DIRECTORS
Globenewswire· 2025-09-10 22:16
Group 1 - Metalsource Mining Inc. has appointed Timothy Ko as a Director, who has a background in technology and biotech, with experience in fundraising and operations in Canadian public markets [1] - The company focuses on the acquisition, exploration, and development of mineral property assets, specifically targeting precious and base metal properties [2] - Metalsource's exploration program is centered on the Aruba Property, located in Botswana's Kalahari Desert, covering an area of 4,663 square kilometers, which is prospective for platinum group metals, gold, silver, and manganese [2]
Magna Mining Announces Brokered LIFE Offering of Common Shares for Gross Proceeds of up to $45 Million
Globenewswire· 2025-09-05 12:08
Core Viewpoint - Magna Mining Inc. has announced a private placement offering of up to 18,750,000 common shares at a price of $2.40 per share, aiming to raise up to $45 million to advance its properties and for general expenses [1][5]. Group 1: Offering Details - The offering will be conducted by Canaccord Genuity Corp. as the lead agent, with a syndicate including Desjardins Securities Inc. and SCP Resource Finance LP [1]. - An additional option allows the agents to sell up to 2,083,300 shares for up to $4,999,920 in gross proceeds [1]. - The offering is subject to conditions including regulatory approvals and is expected to close around September 19, 2025 [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the company's existing properties in Sudbury, Ontario, and for general administrative expenses and working capital [5]. Group 3: Company Overview - Magna Mining Inc. operates in the Sudbury mining district of Ontario, Canada, focusing on copper, nickel, and platinum group metals [8]. - The company's primary asset is the McCreedy West Mine, which is currently in production, supported by other past-producing properties [8]. - The company aims to unlock long-term shareholder value through production, exploration, and development opportunities [9].
CORRECTION: Magna Mining Inc. Second Quarter Financial Results - Conference Call & Webcast
Newsfile· 2025-08-25 17:39
Company Overview - Magna Mining Inc. is a producing mining company with a strong portfolio of copper, nickel, and platinum group metals (PGM) assets located in the Sudbury mining district of Ontario, Canada [3] - The primary asset of the company is the McCreedy West Mine, which is currently in production, along with a pipeline of highly prospective past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare [3] Financial Results Announcement - Magna Mining Inc. is scheduled to release its Q2 2025 financial results and MD&A after the market close on August 27, 2025 [2] - A conference call and webcast will be held on August 28, 2025, at 8:00 am EDT to discuss the quarterly results [2] Strategic Positioning - The company is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base [4]