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Group Eleven Announces Issuance of Stock Options and DSUs
TMX Newsfile· 2025-12-18 01:00
Group 1 - Group Eleven Resources Corp. has granted 2,600,000 incentive stock options to directors, officers, and employees, which will vest over two years with an exercise price of $0.63 per share and expire in five years [1] - The company has also granted 95,238 Deferred Share Units (DSUs) to independent directors for services rendered in 2024, with each DSU entitling the holder to receive one common share or a cash equivalent [2] - Group Eleven Resources is focused on its Ballywire zinc, lead, silver, copper, and germanium discovery in Ireland, located 20km from its Stonepark zinc-lead project, which is adjacent to Glencore's Pallas Green project [3] Group 2 - The two largest shareholders of Group Eleven Resources are Michael Gentile with a 13.8% interest and Glencore Canada Corp. with a 13.7% interest [3]
Ramaco Resources Announces Strategic Initiative to Establish First National Critical Minerals Stockpile at Brook Mine
Prnewswire· 2025-10-27 12:00
Core Insights - Ramaco Resources, Inc. has announced the establishment of a national strategic stockpile of rare earth elements and critical minerals at its Brook Mine facility in Wyoming, known as the Strategic Critical Minerals Terminal (SCMT) [1][2][3] Company Initiatives - The SCMT aims to position Ramaco as a vertically integrated producer of critical minerals and rare earth elements in the U.S. [2] - The stockpile will address both private and public needs for secure access to essential materials, leveraging Ramaco's resources and third-party expertise [3][4] - The initiative is expected to provide long-term solutions for extraction, processing, and inventory management, thereby mitigating supply chain risks [3][4] Strategic Advantages - The Brook Mine site offers strategic advantages due to its location and infrastructure, including direct connectivity to the BNSF railroad and proximity to a major interstate highway [5] - This connectivity is anticipated to facilitate efficient transportation and distribution to a wide range of customers, including defense contractors [5] Production Goals - Ramaco plans to increase its annual commercial rare earth and critical mineral oxide production from approximately 1,240 tons to 3,400 tons, representing a 174% increase [10] - The Brook Mine is believed to contain significant quantities of heavy and light rare earth elements, essential for various advanced applications [9][11] Resource Estimates - The latest Technical Report Summary estimates 1.4 million tons of Total Rare Earth Oxide (TREO) at the permitted acreage, with potential for expansion as further exploration occurs [11] - The Brook Mine is recognized as one of the world's primary sources for scandium, gallium, and germanium, which are critical for advanced technologies [9][11] Future Development - Ramaco is committed to strengthening the U.S. critical minerals supply chain and supporting national security through this initiative [11][12] - The company is also expanding its land holdings in Wyoming for future development and mineral storage potential [8]