BHP (ASX:BHP) has inched further towards the $50/share mark on the back of a late CY25/early CY26 everything-metals-rally, effectively its all-time high, and enough to more or less make it equal to the other “Mag Two” stock we have Down Under, the Commonwealth Bank (ASX:CBA).Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.The metals rotation, then, comes full form after a somewhat uncertain start last ye ...

Vancouver, British Columbia and Johannesburg, South Africa--(Newsfile Corp. - January 14, 2026) - Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) ("Platinum Group", "PTM" or the "Company") reports the Company's financial results for the first fiscal quarter of fiscal 2026 dated November 30, 2025, and provides an update and outlook. The Company's material property is the Waterberg project located on the Northern Limb of the Bushveld Complex in South Africa (the "Waterberg Project"). The Waterberg ...

Core Insights - The Platreef Mine is advancing its development with the first sale of concentrate completed and significant expansions planned for both Phase 1 and Phase 2 [1][13][15] - The mine is projected to produce approximately 450,000 ounces of platinum, palladium, rhodium, and gold within 24 months, supported by a $700 million senior project finance facility [1][15][19] - The current market conditions indicate a new metals super-cycle, with rising prices for precious and base metals, which are now considered essential [3][27] Phase 1 and 2 Developments - The Phase 1 concentrator produced its first batch of concentrate on November 18, 2025, and is expected to achieve 80% of nameplate capacity by mid-2026 [7][33] - Shaft 3 is on track for completion in April 2026, which will increase hoisting capacity from 0.8 million tonnes per annum (Mtpa) to approximately 5.0 Mtpa [9][12] - The Phase 2 expansion is targeted for completion in Q4 2027, aiming to increase production significantly and is already underway with DRA Global appointed as the EPCM contractor [15][19][21] Resource and Production Estimates - The Flatreef discovery contains 59 million ounces of precious metals in Indicated Resources and 93 million ounces in Inferred Mineral Resources [2][34] - The Phase 2 expansion is expected to increase annualized production to over 460,000 ounces of platinum-group metals, with further increases anticipated in Phase 3 [23][22] - The Platreef Mine is projected to be one of the lowest-cost producers globally, with life-of-mine total cash costs estimated at $599 per ounce of platinum-group metals [22][21] Financial and Market Context - The current spot prices for platinum and palladium are significantly higher than those used in previous financial assessments, enhancing the project's value [28][29] - The net present value (NPV) of the Phase 2 feasibility study has increased by over 70% to approximately $2.7 billion due to rising metal prices [29] - The overall project value has been boosted to well over $5.0 billion, reflecting the strong market for precious metals [27][28]

Group 1 - The article presents an outlook for various precious metals, including palladium, rhodium, ruthenium, platinum, iridium, and osmium, indicating their projected prices for 2026 [1][4][5] - Specific price forecasts for palladium, rhodium, and platinum are highlighted, with palladium expected to be around 46, rhodium at 45, and platinum at 78 [1][4] - The data suggests a trend in the precious metals market, reflecting potential investment opportunities in these commodities as their values are projected to change significantly by 2026 [1][4]

I'm looking at some of the, you know, my Jie-Ae screen on the Bloomberg terminal, the global commodities just ripping on the metals. Gold, silver, platinum, palladium. And what do we do in 2016 on that kind of front there.Because that's tough comps, to say the least. Yeah. So I think on the gold, it makes me smile.My very first internship with Sir John Templeton, I was 15 years old. It was 1985, and he asked me one question What was the intrinsic value of an ounce of gold. And at that time, it took me all s ...

Group 1 - Platinum prices are experiencing their strongest monthly rally in nearly four decades, driven by the EU's reversal on its 2035 combustion-engine ban, tight supply conditions, and increased investment demand for precious metals [1][2] - The EU's recent plan is seen as a significant boost for platinum group metals (PGMs), extending their use in catalytic converters and requiring higher PGM loadings due to ongoing tighter emission levels [3][4] - Platinum has risen by 33% in December, marking its largest increase since 1986, and is on track for a record yearly growth of 146%, while palladium and rhodium have increased by 80% and 95% respectively [3][4] Group 2 - Both platinum and palladium have benefited from defensive stock-building and tighter supply in regional physical markets, influenced by their inclusion on the U.S. critical minerals list [4] - The introduction of PGMs futures trading in China has attracted significant speculative flows, prompting adjustments in price limits by the Guangzhou Futures Exchange [4][5] - The market anticipates more clarity on U.S. tariffs in January, which could impact the demand for platinum group metals, especially if Chinese spot import buying remains high [5]

Core Viewpoint - Eurasia Mining has decided to sell its West Kytlim operations due to concerns over potential nationalization and regulatory risks in Russia [1][4]. Group 1: Sale Agreement Details - The company has accepted terms to divest its stake in Kosvinsky Kamen, which holds the West Kytlim alluvial platinum group metals and gold operations [1]. - The transaction values the loss-making asset at approximately $251 million, with the buyer set to pay Rbs671.2 million (around $9 million) [2]. - The significant difference between the asset's valuation and the expected proceeds is attributed to Russian regulations that limit foreign owners' returns from asset sales amid geopolitical tensions [3]. Group 2: Strategic Focus Shift - Eurasia Mining indicated that the West Kytlim asset represents only 0.3% of its total reserves, and the company aims to focus on its Arctic portfolio, which constitutes 99.7% of its reserves [4]. - The planned disposal aligns with the company's strategy to streamline its asset base and concentrate on higher-value projects in the Arctic region [5]. - The Arctic assets are supported by an agreement with the state-owned Far East and Arctic Development Corporation [5]. Group 3: Financial Implications - The sale is expected to provide non-dilutive funding for the development of the remaining Arctic portfolio, including the Tier 1 nickel-copper deposit NKT, which has an estimated net present value of $1.2 billion to $1.7 billion [6]. - As part of the deal, Kosvinsky Kamen will transfer the Travyanaya licence to Eurasia, allowing the company to retain this licence post-sale [6]. Group 4: Board Recommendations - The board of Eurasia Mining believes the sale is in the best interests of the company and has unanimously recommended that shareholders vote in favor of the transaction [7].

New Age Metals Inc. (CVE:NAM – Get Free Report)’s stock price rose 32.4% on Friday . The stock traded as high as C$0.48 and last traded at C$0.45. Approximately 2,138,384 shares were traded during trading, an increase of 1,978% from the average daily volume of 102,886 shares. The stock had previously closed at C$0.34. Get New Age Metals alerts: Wall Street Analysts Forecast GrowthSeparately, Fundamental Research set a C$0.95 price target on New Age Metals and gave the stock a “buy” rating in a research repo ...

Summary of Lifezone Metals Conference Call Company Overview - **Company**: Lifezone Metals (NYSE:LZM) - **Core Project**: Kabanga Nickel Project in Tanzania, the largest development-ready nickel sulfide project globally, also includes copper and cobalt [3][5] Key Points Industry Context - **Nickel Supply Chain**: Currently dominated by Indonesia, which controls approximately 70% of the nickel supply chain through Chinese companies, posing a strategic risk for the West [5][42] - **Market Dynamics**: Nickel prices are currently low, around $14,000-$15,000 per ton, with many Indonesian companies operating at a loss due to oversupply [15][42] Project Economics - **Kabanga Nickel Project**: - Net asset value of $1.6 billion with an internal rate of return (IRR) of 23% [5] - High-grade nickel deposit at 2% nickel, significantly above many North American projects (0.2%-0.3%) [14][41] - All-in sustaining cost of $7,800 per ton, making it economically viable even at current nickel prices [15] Financing and Partnerships - **Funding Strategy**: - Currently raising $500 million in equity and $800 million in debt financing, with Standard Chartered and SOC Gen involved [8][9] - Engaging with the U.S. International Development Finance Corporation for project financing and political risk insurance [6][7] - **Government Partnership**: The Tanzanian government holds a 16% free carry in the project, fostering a partnership model for better collaboration [18][19] Future Milestones - **Key Announcements**: - Anticipated announcement regarding equity partners in Q2 2026, which is expected to positively impact stock valuation [20][21] - Final investment decision (FID) expected around Q2 2026, with production anticipated to start approximately 2.5 years post-FID, targeting late 2028 [45] Technology and Innovation - **Hydrometallurgy Expertise**: Lifezone Metals holds over 120 global patents in hydrometallurgy, which is more energy-efficient than traditional smelting [4][22] - **Recycling Initiatives**: Partnership with Glencore to recycle catalytic converters, with potential to produce 200,000 ounces of platinum, palladium, and rhodium annually from a $30 million facility [25][26] Strategic Importance - **Non-Indonesian Nickel Source**: Kabanga is positioned as a critical source of nickel and cobalt for Western supply chains, addressing U.S. demand for cobalt [41][43] - **Infrastructure Development**: Tanzania is investing in infrastructure, including rail and power, to support the Kabanga project, enhancing its economic viability [35][36] Labor and Local Impact - **Labor Supply**: The project will draw from Tanzania's established mining industry, with plans to train local workers while bringing in specialists as needed [37][38] Additional Insights - **Market Positioning**: Kabanga is expected to be one of the top 10 nickel mines globally upon production, with a focus on producing nickel sulfate or nickel powder for market demand [40][39] - **Long-term Vision**: Lifezone Metals aims to leverage its hydromet technology across multiple projects, indicating a shift towards becoming a technology-driven company [11][32]

Core Viewpoint - Platinum Group Metals Ltd. reported its financial results for the fiscal year ended August 31, 2025, highlighting the advancement of the Waterberg Project, which is expected to be one of the largest and lowest-cost underground platinum group metals mines globally [1][20]. Financial Results - The company incurred a net loss of $4.54 million for the fiscal year, slightly improved from a net loss of $4.61 million in the previous year [16]. - General and administrative expenses increased to $3.66 million from $3.42 million year-over-year [16]. - Share-based compensation decreased to $1.19 million from $1.36 million [16]. - The foreign exchange gain was $95 thousand, compared to $4 thousand in the previous year, primarily due to the U.S. Dollar's appreciation against the Canadian Dollar [16]. Project Ownership and Structure - As of August 31, 2025, the Waterberg Project is owned by Waterberg JV Resources (Pty) Ltd., with Platinum Group holding a 37.32% interest [4]. - The ownership structure includes Mnombo (26.0%), HJ Platinum Metals Company Ltd. (21.95%), and Impala Platinum Holdings Ltd. (14.73%) [4]. - HJ Platinum Metals Company Ltd. was established in 2023 to hold and fund future equity interests in the Waterberg Project [5]. Recent Developments - On September 17, 2025, Waterberg JV Co. approved a sixth stage of work budgeted at Rand 92.1 million (approximately $5.11 million) for fiscal year 2026 [7]. - A non-brokered private placement of common shares was closed on May 29, 2025, raising $1.0 million, allowing Hosken Consolidated Investments Limited to maintain a 26% interest in the company [8]. - An interim budget of Rand 42 million (approximately $2.27 million) was approved on February 18, 2025, for the continuation of work programs [9]. Project Expenditures - Total expenditures on the Waterberg Project for the year ended August 31, 2025, were approximately $2.0 million, down from $3.0 million in the previous year [19]. - Accumulated net costs capitalized to the Waterberg Project reached $49.2 million as of August 31, 2025, compared to $47.0 million the previous year [19]. Future Outlook - The primary business objective is to advance the Waterberg Project to a development and construction decision [20]. - The company is assessing commercial alternatives for mine development financing and concentrate offtake [22]. - Discussions are ongoing with South African integrated producers regarding formal concentrate offtake arrangements [22]. Environmental, Social, and Governance (ESG) - The company received a BBB score in its 2025 ESG disclosure report from Digbee Ltd., indicating a commitment to improving ESG performance [26].