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 ...

● 本报记者 董添 近期，上市公司2025年半年报进入密集披露期。Wind数据显示，截至8月22日19时，A股共有1526家上 市公司对外披露2025年半年报，921家上市公司实现净利润同比增长，占比约为60.35%。电子、交通运 输、农林牧渔、汽车、机械设备、有色金属、家用电器、社会服务等行业上市公司业绩表现亮眼。 此外，Wind数据显示，截至8月22日19时，A股共有265家上市公司对外发布2025年中期分红方案。 逾1500份半年报亮相 上述披露2025年半年报的1526家上市公司中，净利润同比增幅超过10%的有761家，超过30%的有501 家，超过50%的有359家，超过100%的有210家，超过300%的有66家。数码视讯、先达股份、智明达、 容知日新、仕佳光子、索通发展等公司2025年上半年归属于上市公司股东的净利润增幅居前。 财报显示，数码视讯2025年上半年共实现营业收入约2.65亿元，同比增长24.7%；实现归属于上市公司 股东的净利润约1670万元，同比增长2747.64%。公司专注于视频、安全、人工智能及通信服务等前沿 技术的创新研发。报告期内，公司持续进行产品和服务的创新与迭代，以满 ...

CEO.CA's Inside the Boardroom: The Tungsten Supply Gap in the West and Allied Critical Metals' ResponseAugust 22, 2025 10:32 AM EDT | Source: CEO.CA Technologies Ltd.Toronto, Ontario--(Newsfile Corp. - August 22, 2025) - CEO.CA ("CEO.CA"), the leading investor social network in venture stocks, shares exclusive updates with CEOs and executives from around the globe.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps ...

Core Viewpoint - Collective Mining Ltd. has announced positive assay results from its ongoing drilling program at the Apollo system, indicating significant gold-silver-copper-tungsten mineralization and the potential for further expansion of the resource [1][6][12]. Drilling Program and Results - The company is conducting a fully funded 70,000 metre drill program for 2025, with 11 drill rigs currently operational, focusing on the Guayabales Project and the San Antonio Project [2][3]. - Approximately 133,000 metres of diamond drilling have been completed at the Guayabales Project, with 93,000 metres specifically at Apollo [3]. - Recent assay results from four drill holes at Apollo revealed high-grade mineralization, including 183.70 metres at 3.01 g/t gold equivalent from 37.30 metres downhole (APC-134) and 37.15 metres at 7.05 g/t gold equivalent from 118.10 metres downhole (APC-136) [6][8][14]. Future Plans and Expectations - The company plans to expand the high-grade Ramp Zone at Apollo, with a second large capacity drill rig now on site and expected to begin operations shortly [4][6]. - The shallow drilling program at Apollo is nearing completion, with approximately six drill holes remaining, and is expected to enhance the internal block model by filling gaps and expanding the mineralized area by about five percent [14]. Project Overview - The Guayabales Project is the flagship project of Collective Mining, anchored by the Apollo system, which hosts large-scale, high-grade mineralization [12][11]. - The company aims to systematically drill test newly modeled high-grade sub-zones and explore greenfield targets within the project area [12].

Core Insights - Allied Critical Metals Inc. has appointed Major General (Ret.) James A. "Spider" Marks to the Board of Directors of its U.S. subsidiary, Allied Critical Metals (USA), Inc. This move aims to strengthen the company's operations in the U.S. tungsten market [1][3]. Company Overview - Allied Critical Metals Inc. is a Canadian-based mining company focused on the Borralha and Vila Verde tungsten projects in northern Portugal, which are 100% owned by the company [1][6]. - The company is dedicated to the importation, marketing, and sales of tungsten in the United States, addressing the growing demand for this critical mineral [1][5]. Leadership and Expertise - General Marks brings over four decades of leadership experience from military, intelligence, and commercial sectors, including significant roles in the U.S. Army and executive positions in private industry [2][3]. - His expertise in global defense, logistics, and strategy is expected to enhance Allied USA's operational and strategic direction, particularly in securing reliable tungsten supply chains for the U.S. [3][4]. Market Context - Tungsten is classified as a critical mineral essential for industries such as aerospace, defense, and electronics. The tungsten market is valued at approximately USD $5 to $6 billion [6]. - The U.S. is actively seeking to diversify its sources of tungsten, as current global supply is heavily dominated by China, Russia, and North Korea, which account for about 86% of total global supply and reserves [6].

Core Viewpoint - Allied Critical Metals Inc. has successfully closed the second and final tranche of its non-brokered private placement offering, raising a total of approximately $5.1 million for ongoing exploration and development activities in its tungsten projects [1][3][6]. Group 1: Offering Details - The final tranche involved the issuance of 2,016,800 units at a price of $0.30 per unit, resulting in gross proceeds of $605,040 [1]. - The total gross proceeds from the entire offering amounted to $5,104,135.80, with a total of 17,013,786 units issued [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.40 for 24 months [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to ongoing exploration and development activities for the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [3]. Group 3: Company Background - Allied Critical Metals Inc. is focused on the expansion and revitalization of its tungsten projects in northern Portugal, which are critical metals sought after by the U.S. and other western countries [6]. - The tungsten market is valued at approximately $5 to $6 billion and is utilized across various industries, including defense, automotive, manufacturing, electronics, and energy [6].

Core Viewpoint - Allied Critical Metals Inc. has successfully closed the first tranche of a non-brokered private placement offering, raising approximately $4.5 million, and has increased the total offering size to $5 million to support its tungsten projects [1][2]. Group 1: Offering Details - The first tranche consisted of 14,996,986 units priced at $0.30 each, generating gross proceeds of $4,499,095.80 [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.40 for 24 months [1]. - The final tranche of the offering is expected to close around August 18, 2025 [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to ongoing exploration and development activities for the Borralha Tungsten Project and Vila Verde Tungsten Project, as well as for additional working capital [2]. Group 3: Financial Arrangements - The company paid finder's fees totaling $310,386.30 in cash and issued 1,034,621 finders warrants in connection with the first tranche [4]. - Finder's fees for the final tranche may also include a cash commission of up to 7% of gross proceeds and finders warrants equal to 7% of the units issued [5]. Group 4: Market Context - Tungsten is classified as a critical metal, with the global market valued between $5 billion and $6 billion, primarily used in defense, automotive, manufacturing, electronics, and energy sectors [8]. - Currently, China, Russia, and North Korea account for approximately 86% of the global tungsten supply and reserves [8].

Financial Data and Key Metrics Changes - Revenues for the first six months of 2025 increased by 160% year over year, reaching $17.5 million, which is $3 million more than the entire 2024 fiscal year [3][5] - Gross profit rose by 183% year over year to $5.2 million, driven by higher average sales prices in both antimony and zeolite businesses [4][6] - Net income for the first half of 2025 was $728,000, up 707% year over year from a loss of $120,000 in the same period last year [4][13] Business Line Data and Key Metrics Changes - Antimony business revenues increased by 203% year over year, contributing $10.4 million to the overall revenue growth, with average sales price rising from about $6 per pound to approximately $22 per pound [5][6] - Zeolite business revenues grew by 24% year over year, with 60% of the increase attributed to higher volume and 40% to higher prices [5] Market Data and Key Metrics Changes - The company reported a significant increase in antimony ore supply, with the supplier delivering twice as much ore compared to the previous year, particularly in the second quarter [10][12] - Inventory levels increased by $5.6 million due to the rise in antimony inventory, indicating strong demand and supply chain adjustments [9][12] Company Strategy and Development Direction - The company is focused on expanding its antimony processing capacity and has increased its staff and supplier relationships to support this growth [12][13] - Strategic acquisitions of mining claims and properties in Alaska, Montana, and Canada are aimed at positioning the company for future growth opportunities [12][13] - The company is actively engaging with the Department of Defense for potential collaborations related to antimony and tungsten, emphasizing its unique position as the only domestic processor of these critical minerals [33][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the anticipated increase in antimony supply and the ongoing expansion of processing facilities [32][94] - The company is addressing regulatory challenges in Alaska, with expectations of overcoming permitting delays to begin operations [27][68] - Management noted the importance of educating local communities about the benefits of mining operations to gain public support [70] Other Important Information - The company has dual-listed on the NYSE Texas Stock Exchange, enhancing its visibility and engagement with institutional investors [44] - A new marketing initiative is set to launch, aimed at increasing public awareness of the company's role in the critical minerals supply chain [45] Q&A Session Summary Question: Do you anticipate any domestic or supply deals in the near future? - The company indicated that there are no other domestic antimony supplies expected in the short term, aside from its own operations in Montana and Alaska [59] Question: Has the leasehold acreage in Alaska increased? - The company confirmed that the acreage has increased to approximately 30,000 acres due to recent acquisitions [60] Question: Can you provide an update on the $240 million contract from the Defense Logistics Agency? - The company acknowledged the contract and expressed hope for positive outcomes following the solicitation's conclusion [64] Question: What is the status of government funding and potential offtake? - The company remains optimistic about securing government funding and is actively negotiating to ensure shareholder protection [65][66] Question: How receptive has the current administration been in expediting permitting processes? - The company noted that while the federal administration is supportive of critical minerals, the permitting delays are primarily due to state-level processes [68] Question: What are the next steps for tungsten-bearing properties? - The company plans to conduct gravity separation tests and is in the permitting process for bulk sampling [80][84] Question: Why is the North American antimony feedstock supplier shipping more recently? - The increase is attributed to a renegotiated contract and the supplier's need to offload material rather than sending it to waste [88]

TORONTO, Aug. 7, 2025 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") categorically rejects all of the false and misleading allegations made in a short thesis report published yesterday. Since Collective was incorporated in 2020, the Company has conducted its exploration activities on the Guayabales and San Antonio projects in full compliance with the Colombian legal framework governing mining and environmental activities. Specifically, all work being conducted o ...

Core Viewpoint - The article discusses the recent fluctuations in the U.S. employment data and its implications for market sentiment, particularly regarding the Federal Reserve's potential interest rate cuts and the impact on precious metals prices [2][3][25]. Economic Indicators - Recent U.S. economic indicators, including employment data, consumer confidence, and corporate earnings, have shown improvement, leading to speculation about the Federal Reserve's interest rate decisions [2][25]. - The July non-farm payrolls report showed only 73,000 new jobs added, significantly below expectations, with prior months' figures also revised downwards, raising concerns about the reliability of U.S. employment data [2][25]. Market Sentiment - The market has begun to recognize the fragility of the U.S. employment situation, likening it to "the emperor's new clothes," which may lead to increased calls for interest rate cuts from the Federal Reserve [3][26]. - Following the disappointing employment data, U.S. stock markets experienced a decline, which may be a temporary technical adjustment rather than a long-term trend [3][26]. Precious Metals Market - The article highlights the recent changes in managed positions for precious metals in the U.S. futures market, indicating a decrease in net long positions for gold and silver, while platinum saw a slight increase [5][9]. - As of July 29, net long positions for gold fell by 16.4% to 444 tons, marking the lowest level in three weeks, while silver's net long positions decreased by 3.6% to 6,786 tons [5][9]. - The correlation between gold and silver prices remains strong, with silver experiencing a more volatile market response compared to gold [9][12]. Federal Reserve's Interest Rate Outlook - The market anticipates that the Federal Reserve will cut interest rates three times this year, with significant probabilities assigned to rate cuts in September, October, and December [3][25][24]. - The article suggests that if the Federal Reserve begins to cut rates but inflation pressures resurface, it will pose a significant challenge for future monetary policy [27]. Investment Strategies - The article emphasizes the importance of monitoring the gold-to-mining stock ratio as a forward-looking indicator for gold prices, suggesting that if gold prices rise while mining stocks decline, it may signal caution for investors [19][26]. - The gold-silver ratio, which measures market sentiment, has shown a rebound, indicating heightened risk awareness among investors [21][23].