Core Viewpoint - Defense Metals Corp. is advancing its Wicheeda Rare Earth Element project, which is positioned as the only REE project in North America with proven mineral reserves not yet in production, and is preparing for a Definitive Feasibility Study in 2026 [2][18]. Project Study Update - The company released a Pre-Feasibility Study (PFS) in May 2025, highlighting Wicheeda's status as the most advanced undeveloped REE project in North America and Europe [2]. - The company is conducting additional test work to optimize the plant configuration and metallurgical process flow, aiming to enhance economic benefits through downstream processing [3]. - Hatch Ltd has been engaged to determine the optimal location for the hydro-metallurgical plant, with considerations for various sites in Canada and the U.S. [4]. Relations with First Nation Partner - The company is collaborating with the McLeod Lake Indian Band, which is a key partner and shareholder, and has signed a Joint Co-Design Agreement to expedite the Wicheeda project [5]. Relations with Authorities - The company is in active discussions with Canadian and U.S. authorities regarding the project's significance for securing REE supply for electric vehicles and defense applications [6]. - The company has two grant applications under evaluation with the Critical Minerals Infrastructure Fund [7]. Strategic Partners & Financing - An MoU is in place with a potential strategic partner for a supply agreement covering a significant portion of planned output, with interest from downstream processors in North America and Europe [11]. - The company has received a Letter of Interest from Export Development Canada for potential debt financing of up to US$250 million to support Wicheeda's development [12]. - Following recent capital raises, the company is now debt-free with positive working capital [13]. Annual Meeting of Shareholders - The company announced the election of Maryanne Crichton to the Board of Directors, enhancing the board's expertise in mining and infrastructure [15]. About Defense Metals Corp. - Defense Metals Corp. is focused on developing its 100% owned Wicheeda REE property, which spans approximately 11,800 hectares and is located in British Columbia [16]. - The Wicheeda Project is strategically located near infrastructure, including hydro power and transportation routes, facilitating access to major ports [17]. - The recently completed PFS indicated robust project economics, with a pre-tax NPV of US$1.8 billion and an IRR of 24.6% [18].

Core Insights - Verde AgriTech Ltd. has delineated a continuous clay-hosted rare earth element (REE) mineralized zone in Alto Paranaíba, Brazil, covering approximately 5,500 hectares across 13 mineral rights, indicating a significant discovery in the REE sector [2][4][8] - High-grade samples from this zone show up to 8,930 ppm Total Rare Earth Oxides (TREO) and 2,182 ppm Magnet Rare Earth Oxides (MREO), with 22 samples exceeding 1,000 ppm MREO, highlighting the potential for economic extraction [2][5][7] - The presence of heavy rare earths such as dysprosium (Dy) and terbium (Tb) alongside neodymium (Nd) and praseodymium (Pr) strengthens the overall quality of the rare earth basket, essential for high-performance permanent magnets used in various advanced technologies [5][7] Exploration Highlights - The exploration results indicate a coherent and near-surface footprint with consistent NdPr tenor, which is a key early indicator for scale and relevance in the REE value chain [4][5] - The assays demonstrate a strong NdPr tenor, with an average of 743 ppm MREO across 75 surface/trench samples, and peak assays reaching 8,930 ppm TREO and 2,182 ppm MREO [7][8] - The top 10 MREO samples show dysprosium oxide ranging from 35 to 60 ppm and terbium oxide from 8 to 13 ppm, reinforcing the potential for high coercivity magnet applications [5][7] Board Review and Next Steps - The Board of Directors has initiated a formal review to determine the optimal path forward for the project, considering options such as targeted drilling, staged evaluation, and potential partnerships [8] - A comprehensive update and go-forward plan are expected to be communicated within seven days, reflecting the significance of the discovery and its potential economic implications [8]

Continuous clay-hosted REE mineralised zone outlined. High-grade NdPr-rich samples return up to 8,930 ppm TREO and 2,182 ppm MREO. 22 samples return > 1,000 ppm MREO SINGAPORE, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd. (TSX: NPK | OTCQX: VNPKF) ("Verde” or the “Company”), announces the delineation of a continuous clay hosted rare earth element (“REE”) mineralized zone (“the Zone”) in Alto Paranaíba, Minas Gerais, Brazil, covering ~5,500 hectares (or ~20 square miles) across 13 mineral rights. T ...

Company grows portfolio with underexplored 50-year-old Rare Earth Elements discovery with historically significant high-grade drill intercepts Highlights The Company has secured highly prospective rare earth element ("REE") mineral rights to key underexplored areas of the Elk Creek Carbonatite Complex in Nebraska, USA, (the "Rift Project"). Two target areas of known REE mineralization acquired (East Zone and West Zone). ...

MONTREAL, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD), in partnership with SOQUEM Inc. (“SOQUEM”), is pleased to announce the discovery of a new mineralized zone with copper, gold, and rare earth elements (REE) in the Labrador Trough. For many years, a reconnaissance program conducted under the Strategic Alliance (the “Alliance”) in Nunavik, Quebec, has focused, within the area of interest, on the central part of the Labrador Trough, identified as prospective for the ...

TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to inform shareholders that we have optioned our Virgin Mountain Rare Earth Property located in Mohave County, northwestern Arizona to Arizona Mountain Pass Heavy Rare Earths Pty Ltd., an Australia exploratio ...

Core Viewpoint - Argyle Resources Corp. has received necessary approvals to commence a 2000-meter diamond drill program at the Clay Howells Rare Earth Element (REE) Project in northwestern Ontario, marking a significant step in the company's exploration efforts [1][2]. Group 1: Drill Program Details - The site preparation activities have begun, including the mobilization of equipment and personnel, with drilling expected to start shortly and estimated to take 45 days to complete, depending on weather and operational conditions [2]. - The approved drill program aims to twin six historic drill holes from exploration campaigns conducted in 2010 and 2011, which is essential for updating the geological model for Clay Howells [3]. Group 2: Strategic Importance - The new drilling will facilitate the collection of fresh core samples to validate prior assay data, enhance confidence in geological interpretations, and inform future exploration activities across the broader Clay Howells property [4]. - This work will serve as the foundation for a new National Instrument 43-101 compliant technical report, which is crucial for the company's ongoing exploration and development strategy [3]. Group 3: Company Background - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America, with interests in various projects including the Frenchvale Graphite Property and silica projects in Quebec [7].

Core Insights - Spark Energy Minerals Inc. has made significant progress at its Arapaima Project in Brazil's Lithium Valley, confirming high-priority lithium and gallium-rare earth element (REE) drill targets through recent exploration work [2][5][6] Exploration Progress - The company is advancing logistics, surface access agreements, and permitting for aggressive diamond drilling at three lithium targets: Cruzeta, Água Branca, and Grota do Maquém, as well as air-core and/or reverse circulation drilling at the emerging gallium-REE Caladão Target [3][6] - Exploration activities have identified three high-priority lithium targets where lithium is strongly correlated with pathfinder elements such as cesium, tin, and rubidium, typical of fertile lithium-cesium-tantalum pegmatites [6][9] - Surface sampling has outlined a 4,500-hectare zone over the Caladão Granite with anomalous gallium and REE values, adjacent to Axel REE's recently reported discovery [9][29] Geochemical Analysis - Lithium shows a strong association with manganese and has been remobilized from primary sources, indicating potential for lithium mineralization at depth [7][11] - Recent rock-chip samples from the Cruzeta target have returned cesium values above 50 ppm, with some reaching 267 ppm, reinforcing the focus on these targets [17][19] - All three priority targets returned K/Rb ratios under 150, with Cruzeta showing a notably low ratio below 20, indicating strong lithium prospectivity [25][27] Future Plans - The exploration team is preparing logistics and permitting to begin drilling at priority lithium and rare earth targets, marking a transformative step toward unlocking the full potential of the Arapaima Project [33]

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the ongoing trade dynamics between the US and China, particularly focusing on the recent extension of the trade truce and its implications for bilateral trade and tariffs [1][2]. Core Insights and Arguments - **Trade Truce Extension**: The US and China have extended their trade truce for three months, with the US maintaining a 30% tariff on Chinese goods and China applying a 10% tariff on US goods [1]. - **Impact of Tariffs**: The 30% tariffs are projected to cause an 18.1% decline in Chinese exports to the US, while the 10% tariff on US exports to China is expected to result in a 3.4% drop [3][6]. - **Tariff Revenue**: The US is anticipated to collect $82.2 billion in tariffs despite the decline in Chinese exports, while China is expected to collect around $13.5 billion from US exports [9][11]. - **Bilateral Trade Share**: China is expected to dominate bilateral trade with a 65.8% share compared to the US's 34.2%, a decrease from the 77.9% share before the trade war [14]. - **Game Theory Analysis**: Under various tariff scenarios, the US's gains and China's losses are analyzed, showing that the current 30%/10% tariff regime results in a $77 billion gain for the US and a $76 billion loss for China [17][20]. Additional Important Insights - **Rare Earth Elements (REE)**: The US's reliance on China for REE is highlighted, with China controlling 99% of REE processing. The imposition of restrictions on REE exports by China is seen as a significant factor in the trade dynamics [19][22]. - **Future Tariff Considerations**: The potential for the US to impose additional tariffs on China, similar to those on India for Russian oil purchases, is discussed. However, the presence of REE restrictions complicates this decision [24][27]. - **Strategic Implications**: The US's strategy regarding REE and tariffs is viewed as a Nash Equilibrium, indicating that any shift in this balance will require significant changes in the underlying economic conditions [20][29]. - **Investment Opportunities**: The call identifies non-Chinese rare earth companies, such as MP Materials and Lynas Rare Earths, as potential investment opportunities due to the anticipated growth in demand for REE driven by US defense policies [45][46]. Conclusion - The trade relationship between the US and China remains complex, with tariffs playing a crucial role in shaping trade dynamics. The focus on rare earth elements and the strategic implications of tariffs suggest potential shifts in investment opportunities and market behavior in the near future [29][35].

Core Insights - Energy Fuels (UUUU) reported disappointing second-quarter 2025 results, with a loss of 10 cents per share and a 52% decline in revenues compared to the previous year [1][10]. Financial Performance - Total revenues for the quarter were approximately $4.2 million, a 52% year-over-year decrease, primarily due to lower uranium sales [2]. - The company sold 50,000 pounds of uranium at $77 per pound, generating $3.85 million in uranium revenues, which is 55% lower than the same quarter last year [2]. - Heavy mineral sands revenues amounted to $0.28 million from the sale of 202 tons of rutile [3]. - Costs applicable to revenues decreased by 0.7%, but exploration, development, and processing costs surged by 265% year-over-year to $9 million due to higher indirect processing costs and increased exploration activities [4]. - Selling, general, and administrative expenses rose by 118% year-over-year to $25 million, reflecting higher salaries and benefits due to an increased headcount [5]. Operational Highlights - During the quarter, the company mined approximately 665,000 pounds of uranium from various mines, with the Pinyon Plain mine producing 635,000 pounds [6]. - UUUU received regulatory approval for the Donald Rare Earth and Mineral Sand Project, which is expected to enhance its domestic operations [7]. Market Comparison - Cameco Corporation (CCJ) reported a 47% increase in revenues to $634 million, with adjusted earnings surging 410% year-over-year [8]. - Ur Energy (URG) reported a loss of four cents per share, wider than previous estimates [9]. Future Outlook - UUUU expects to mine between 875,000 and 1,435,000 pounds of uranium in 2025 and aims to process up to 1 million pounds this year [12]. - The company plans to sell 350,000 pounds of uranium this year, with projections for 2026 indicating sales between 620,000 and 880,000 pounds [13]. - UUUU anticipates lower uranium costs starting in Q4 2025, with total weighted average costs projected to decrease to $23–$30 per pound [14]. Stock Performance - UUUU shares have increased by 89.7% year-to-date, outperforming the industry and broader market indices [22][24]. - The stock is currently trading at a forward price-to-sales multiple of 22.95, significantly above the industry average of 2.63, indicating a stretched valuation [25]. Industry Context - Uranium prices have recently declined to $71.50 per pound, down 11.3% year-over-year, affecting revenue stability for UUUU [27][30]. - Despite current price pressures, the long-term outlook for uranium remains strong due to the push for clean energy and supply chain independence from China [31].