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Hong Kong entrepreneur Adrian Cheng backs London-based multi-asset broker CBCX
Yahoo Finance· 2025-10-27 09:30
Core Insights - Adrian Cheng Chi-kong has become a shareholder in CBCX Group, a London-based multi-asset broker, which offers a trading platform for various financial instruments and is expanding into digital assets [1][2] - The strategic investment is expected to significantly enhance CBCX's growth in the Asia-Pacific region and global markets, although the specific investment amount was not disclosed [2] - The partnership aims to improve financial trading and investment solutions in the gold and foreign exchange sectors, while also fostering collaboration in commodities, stocks, and brokerage services [3] Company Developments - Cheng's focus will be on traditional and virtual gold trading platforms, reflecting his increasing interest in virtual assets [4] - His new venture, ALMAD Group, targets markets in Southeast Asia, the Middle East, and China, aiming to innovate in digital and virtual assets [5] - ALMAD operates a digital-asset arm named A2Z and emphasizes transformative industries, including culture and healthcare [5] Background Context - Cheng previously served as CEO of New World Development, stepping down after the company reported a record full-year loss of approximately US$2.5 billion due to a property slump in Hong Kong and mainland China [6] - Following his resignation, Cheng expressed intentions to focus more on public services and personal commitments [6] - As an early-stage investor, Cheng has made notable investments in various sectors, including social media and electric vehicles [7]
X @Bloomberg
Bloomberg· 2025-10-15 09:20
London’s demand for precious metals has pushed the Royal Mint into overdrive https://t.co/POXp4gpOtr ...
United States Antimony stock jumps after $245M Pentagon contract win
MINING.COM· 2025-09-23 15:25
Core Viewpoint - United States Antimony Corporation has secured a significant five-year contract worth up to $245 million from the US Defense Logistics Agency to supply antimony metal ingots, highlighting the company's unique position in the market and the importance of domestic supply for national defense [1][6]. Group 1: Contract and Market Impact - The contract is a sole-source agreement, emphasizing the company's exclusive capability to meet military specifications for antimony ingots [1][3]. - Following the announcement, US Antimony's shares increased by 17.8%, raising the company's market capitalization to approximately $975 million [1]. Group 2: Importance of Antimony - Antimony is classified as a critical metal for national and economic security, utilized in defense and high-tech applications such as flame-retardant materials, semiconductors, ammunition primers, and superhard alloys [2]. - The US has not produced antimony commercially since 2016, making the establishment of a domestic supply chain a priority [2]. Group 3: Production Capabilities - United States Antimony operates the only two smelters in North America capable of processing antimony, with both facilities already meeting military specifications for ingot production [3]. - The company is expanding its feedstock base by sourcing ore globally and advancing domestic mining projects, including high-grade deposits in Alaska and acreage in Montana [4]. Group 4: Competitive Landscape - Competing sources of antimony, whether domestic or international, are projected to be at least three years away from commercial-scale production and may not meet defense standards [5]. - The contract represents a significant milestone for the company, with the CEO noting its value is nearly 17 times the company's projected 2024 revenue of $14.9 million [6]. Group 5: Company Overview - Founded decades ago, United States Antimony Corporation produces and markets antimony, zeolite, and precious metals across the US and Canada, with operations in Montana and Idaho [7].
Robert Kiyosaki Blasts Mutual Funds and ETFs as 'For Losers,' Backs Trump's XO for Alternative Investments
Yahoo Finance· 2025-09-20 18:24
Core Insights - Robert Kiyosaki supports President Trump's executive order aimed at democratizing access to alternative investments for 401k investors [1][2] - Kiyosaki criticizes mutual funds and ETFs, advocating for alternative investments like real estate, private equity, crypto, and precious metals under 401k [2][3] - The executive order is expected to enhance financial literacy and encourage investors to be more informed about their investment choices [3] Group 1 - Kiyosaki believes the executive order will open opportunities for "smarter" investors to diversify their portfolios with alternative investments [2][3] - He emphasizes the importance of understanding these investments, suggesting that those unwilling to learn should stick to traditional options [3] - Kiyosaki expresses satisfaction that the order treats investors maturely and positively impacts the value of his investments in gold, silver, and Bitcoin [4]
Fuerte Metals Vends El Cofre Project in Chile to Chilean Cobalt Corporation
Newsfile· 2025-09-12 21:32
Core Points - Fuerte Metals Corporation has entered into a definitive agreement to sell its 100% owned El Cofre project in Chile to Chilean Cobalt Corporation for a total consideration of US$1,890,000, which includes 4.5 million common shares of Chilean Cobalt and reimbursement for recent concession payments [1][2] - The closing of the transaction is expected around November 11, 2025, pending necessary regulatory approvals and customary closing conditions [2] - Fuerte Metals will continue to focus on its primary project, the Placeton/Caballo Muerto project in Chile, which contains several untested porphyry copper targets located between significant copper-gold deposits [2][3] Company Overview - Fuerte Metals is a well-funded resource company engaged in the acquisition, exploration, and development of copper and precious metals projects in the Americas [3] - The company is advancing its Cristina precious metals project in Chihuahua, Mexico, aiming to significantly expand the existing mineral resource estimate with a focus on underground mining [3]
Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region
Prnewswire· 2025-09-11 12:20
Core Insights - Locksley Resources Limited has expanded its strategic footprint in the Mojave Critical Minerals Corridor by staking an additional 249 claims, bringing the total to 491 claims [1][2]. Group 1: Expansion and Strategic Positioning - The new claims are adjacent to Locksley's existing tenement position and MP Materials landholding, which includes the Mountain Pass Rare Earth Mine [2]. - The expansion strengthens Locksley's competitive positioning in a key critical minerals region in the U.S., with increasing demand for antimony and rare earth elements (REEs) driven by U.S. supply chain security initiatives [3]. - The southeast claims encompass favorable gneissic geology, which is significant for potential REE-bearing carbonatites and other mineralization styles [4]. Group 2: Exploration Opportunities - The northern claims are located 3 km from Dateline Resources' Colosseum Gold Project, indicating multiple commodity opportunities in the area [5]. - Several new claims directly adjoin the Mountain Pass larger claim package, enhancing exploration discovery potential and long-term commercialization pathways [5]. Group 3: Strategic Collaborations - Locksley Resources is focused on critical minerals and base metals, actively advancing its Mojave Project in California, targeting REEs and antimony [6]. - The company has announced a strategic collaboration with Rice University to develop DeepSolv™ for domestic processing of North American antimony, marking a step in its U.S. Critical Minerals and Energy Resilience Strategy [6].
United States Antimony (UAMY) Enters Into a Securities Purchase Agreement
Yahoo Finance· 2025-09-11 07:32
Core Insights - United States Antimony Corporation (UAMY) is recognized as one of the best mining stocks to buy according to hedge funds, indicating strong institutional interest [1] - The company has entered into a securities purchase agreement that will generate $18 million in proceeds, which will be allocated for working capital, antimony inventory acquisition, and expansion of its mineral position in Alaska [1][2] - UAMY's revenues for the first half of 2025 reached $17.53 million, marking a significant 160% increase compared to the same period in 2024 [2] Financial Developments - The $18 million proceeds from the securities purchase agreement will also be used for potential acquisitions of critical mineral companies and for expanding the Madero Smelter in Mexico beyond its current capacity of 200 tons per month [2] - The substantial revenue growth of 160% from $10.79 million in the first half of 2024 to $17.53 million in the first half of 2025 highlights the company's strong performance [2] Business Operations - United States Antimony Corporation is involved in the production and sale of antimony, zeolite, and precious metals, indicating a diversified portfolio within the mining sector [3]
Asia Broadband Receives Delivery Of Phase 2 Production Line Processing Plant Equipment From China
Globenewswire· 2025-06-25 12:00
Core Insights - Asia Broadband Inc. has received a significant delivery of production line processing equipment from China for its new facility in Etzatlan, Mexico, which opened in April 2025 [1][2] - The company received 6 containers of equipment from Mecru Heavy Industry Technology Co. Ltd. and expects to receive 4 more containers in early August [1] - The new equipment is intended for the Phase 2 production processing operations, which will be integrated into the existing plant [1][2] Company Overview - Asia Broadband Inc. is focused on the production of precious metals and the accumulation of physical gold holdings, leveraging its geographic expertise and industry contacts in Mexico [3] - The company differentiates itself through its unique asset diversification and integration in the Mexican market, creating distinctive value for shareholders [3] - Asia Broadband also has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [3]
United States Antimony Corporation Announces Participation at Centurion One Capital 6th Annual LA Summit
Newsfile· 2025-06-02 12:00
Group 1 - United States Antimony Corporation (USAC) is participating in the Centurion One Capital 6th Annual LA Summit from June 2 to June 6, 2025, at the Beverly Hills Hotel [1][3] - Gary C. Evans, Chairman and CEO of USAC, will deliver a corporate presentation on June 5, 2025, and will also engage in one-on-one investor meetings and a panel discussion during the conference [2] - The LA Summit will feature presentations, panel discussions, and investor meetings, scheduled from 12:00 PM EDT to 8:00 PM EDT on June 4 and 5, 2025 [3] Group 2 - Centurion One Capital is an independent investment banking firm focused on supporting the growth of companies in North America, providing financial solutions and strategic guidance [4][5] - The firm employs a team of experienced professionals with extensive financial expertise and sector knowledge, aiming to develop tailored strategies for clients [5] Group 3 - USAC operates in the U.S., Mexico, and Canada, selling antimony, zeolite, and precious metals, primarily processing third-party ore into various antimony products and precious metals [6][7] - The company’s antimony oxide is utilized in flame-retardant systems for various materials, while antimony metal is used in bearings and batteries [6] - USAC also mines and processes zeolite at its Bear River Zeolite facility in Idaho, which has applications in environmental cleanup and agriculture [7]