Accessible version Basic Materials - China (H/A) AI Infra takeaways on metals – aluminum, copper to shine, uranium/ minor metals Industry Overview We hosted Asia AI Infrastructure & Robotics Conference during 12-18 Nov, featuring 35 experts/companies across metals, power equipment, ESS, cooling, etc. We summarize our takeaways from Zijin, Chalco, Hongqiao, CMOC, CGN Mining, copper expert, tungsten & uranium expert (see inner pages for details). Aluminum – supply tightness, high margin persists Aluminum dema ...

Hillgrove project is located 23 km east of Armidale in northern New South Wales. Credit: Larvotto Resources Larvotto Resources (ASX: LRV) this week determined the viability of tungsten as a byproduct at its past-producing 100%-owned Hillgrove antimony and gold project in New South Wales, which it aims to bring into commercial production in Q2 2026.The company reported 90% tungsten recovery with a 16X increase in feed grade delivered in recent metallurgical testwork, which it said also indicates a simple and ...

Cascade Copper has completed an initial compilation programme of historical exploration and mining data for its Bendor gold-tungsten project in British Columbia, Canada. The Bendor project lies close to Talisker Resources’ Bralorne mine and Endurance Gold’s Reliance project. Cascade said historical sampling at the Bendor project has revealed substantial mineralisation. Underground workings at the Bristol area recorded assays of up to 30.86 grams per tonne (g/t) gold and 6.5% tungsten trioxide. A 23kg b ...

Core Insights - Makenita Resources Inc. has successfully closed an acquisition of the "Sisson West Tungsten Project" in New Brunswick and the "NTX Rare Earth Project" in Quebec, enhancing its portfolio in the mining sector [1][2] - The Sisson West Tungsten Project spans approximately 4,000 contiguous acres, while the NTX Rare Earth Project covers around 9,000 acres, both of which are prospective for valuable minerals [1][2] - The acquisition is timely as rare earths have gained significant attention globally, and the Sisson Tungsten Mine has been designated a "Nation Building Project" by Prime Minister Mark Carney, which could positively impact Makenita's operations [2] Financial Terms of the Acquisition - The option agreement allows Makenita to earn a 100% interest in the properties by issuing a total of 3,000,000 common shares at a deemed price of $0.06 per share, along with 1,500,000 transferable warrants exercisable at $0.08 per share for three years, and a cash payment of $30,000 [5][10] - All issued shares and warrants will be subject to a standard hold period of four months plus a day [6] Future Plans and Market Position - Makenita plans to be active on the newly acquired claims in the short term, leveraging its relatively low share count of 33 million shares outstanding to facilitate immediate and future growth [2]

Group 1 - Rise Gold Corp. has appointed Mr. David Watkinson as President and CEO, along with his role as President of the wholly owned subsidiary, Rise Grass Valley Inc. [1] - The Annual General Meeting held on November 19, 2025, resulted in the passing of all resolutions, including the re-appointment of Davidson & Company LLP as auditor and the approval of the Corporation's long-term incentive plan [1] - Daniel Oliver has been appointed as Chairman of the Board [1] Group 2 - Mr. Watkinson has over 40 years of engineering experience in mine development and has held senior positions in notable companies such as Placer Dome Inc. and Kinross Gold Corporation [2] - He was previously the President and CEO of Emgold Mining Corporation, which controlled the Idaho-Maryland mine for approximately 25 years [2] Group 3 - Dan Oliver expressed confidence in Mr. Watkinson's leadership to unlock the value of the Idaho-Maryland Mine, which produced an estimated 2.4 million ounces of gold from 1862 to 1957 [3] - The mine operated with an average mill head grade of 0.50 ounces per ton (17.1 grams per tonne) and produced tungsten with support from the Department of Defense from 1955 to 1957 [3] - The company filed a writ of mandamus against Nevada County regarding its right to operate the I-M Mine, with a verdict expected in the first quarter of 2026 [3] Group 4 - Mr. Joe Mullin has resigned from his positions as President and CEO and as a member of the Board of Directors to pursue a new opportunity [4] - The company has granted 2,660,000 stock options to directors, officers, and consultants, exercisable at a price of US$0.18 per share until November 20, 2030 [4]

Allied Critical Metals Announces Material Increase to Mineral Resource Estimate at Borralha Tungsten Project in Northern PortugalNovember 19, 2025 5:00 PM EST | Source: Allied Critical Metals Inc.Highlights:One of Europe's Premier Emerging Tungsten Assets materially increases its mineral resource estimates with Measured and Indicated Resource Estimate (M+I) increasing to 13.0 Mt at 0.21% WO₃ and Inferred Resource Estimate to 7.7 Mt at 0.18% WO₃.Significant resource growth strengthens ACM's pos ...

Summary of United States Antimony FY Conference Call Company Overview - **Company Name**: United States Antimony Corporation (NYSEAM:UAMY) - **Headquarters**: Dallas, Texas - **Founded**: 1968, publicly traded since 2012 - **Market Cap Growth**: From $20 million to approximately $1.1 billion, with stock price increasing from $0.20 to around $7 per share [1][2] Industry Context - **Core Product**: Antimony, a critical mineral essential for military applications and various industries, including fire retardants and AI technology [1][3] - **Market Control**: China controls about 65% of the global antimony supply and 90% of refining capacity, posing a significant competitive challenge [3][9] Financial Performance - **Revenue Growth**: - 2021: $8 million - 2022: $15 million - 2023 Guidance: $40-$43 million - 2024 Guidance: $125 million, with expectations of exceeding $150 million [4][18] - **Gross Margin Improvement**: Increased from 26% to 30%, with projections to exceed 50% due to sourcing own material [17][18] Key Contracts and Government Relations - **Recent Contracts**: - $104 million contract for fire retardants for roofing materials [2] - $245 million government contract with the Defense Logistics Agency (DLA) [6] - **Government Support**: Executive orders mandate that military supplies must come from U.S. companies, enhancing demand for domestic antimony [5][6] Production and Expansion Plans - **Refinery Expansion**: - Montana facility expansion from 100 tons to 500 tons per month, costing $22 million [4] - Mexican facility expected to produce 200 tons per month by year-end [4] - **New Mining Operations**: - Recently opened a mine in Montana, with plans to source antimony from Alaska [17][12] - Exploring cobalt and tungsten mining opportunities in Canada [13][14] Market Dynamics and Challenges - **Price Fluctuations**: Antimony prices have increased from $5 to around $19-$20 per pound over the past year and a half [10] - **Supply Chain Issues**: Challenges in sourcing antimony from various countries due to competition with China and logistical issues [10][32] Strategic Vision - **Future Goals**: Aim to build a multi-billion dollar company by expanding operations and securing government contracts [23] - **Public Awareness**: Efforts to educate the public and government officials about the importance of antimony and the company's role in the supply chain [22] Miscellaneous Insights - **Employee Challenges**: Difficulty in hiring due to local demographics and immigration issues [30][31] - **Stock Volatility**: Recent stock price fluctuations attributed to broader market trends rather than company-specific issues [27][28] Conclusion - United States Antimony is positioned for significant growth in the critical minerals sector, particularly in light of increasing military demand and government support for domestic sourcing. The company is actively expanding its production capabilities and exploring new mineral opportunities while navigating competitive challenges from China.

Vancouver, British Columbia--(Newsfile Corp. - November 19, 2025) - American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FSE: RK90) ("American Tungsten" or the "Company") is pleased to announce key strategic appointments. Carolyn Loder Joins Board of DirectorsThe Company welcomes Carolyn Loder to its Board of Directors. Ms. Loder brings decades of leadership in mineral rights, permitting, and stakeholder engagement, having served in senior roles across both private and public sectors. Her expertise in navi ...

Core Insights - The article highlights the results of a three-dimensional induced polarisation (3DIP) geophysical survey conducted by Guardian Metal Resources plc at its Pilot Mountain tungsten project in Nevada, focusing on porphyry copper-molybdenum exploration [1] Company Summary - Guardian Metal Resources plc is a strategic mineral exploration and development company [1] - The company is actively engaged in a focused exploration campaign for porphyry copper-molybdenum at the Pilot Mountain project [1] Industry Context - The survey results are part of ongoing efforts in the mineral exploration sector, particularly targeting copper and molybdenum resources [1]

Core Viewpoint - American Tungsten Corp. has rescheduled its Investor Update due to global internet issues affecting Cloudflare, ensuring that the event will proceed without disruptions on November 24, 2025 [1][2]. Company Updates - The rescheduled investor update will provide clarity on the expiration of trading restrictions for 14,000,000 common shares issued on July 24, 2025, which will become unrestricted on or about November 25, 2025, representing a mechanical unlock rather than new dilution [3]. - Proceeds from the financing have been allocated to various value-creating initiatives, including site infrastructure rehabilitation, engineering for project restart, permitting, environmental work, and preparation for project-level financing [4]. - The company has received a Letter of Interest from the Export-Import Bank of the United States for up to US$25.5 million to support the IMA Project, highlighting the strategic importance of domestic tungsten supply [4]. - American Tungsten aims to establish itself as North America's primary tungsten producer and is committed to delivering long-term value to shareholders, with regular updates planned [5]. Project Overview - American Tungsten Corp. is focused on the IMA Mine Project in Idaho, which is a historic underground tungsten property with significant infrastructure, addressing critical metal scarcity in North America [6]. - The company holds an exclusive option to acquire full ownership of the IMA Mine Project, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [6].