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Canterra Minerals Engages Atrium Research to Enhance Investor Visibility and Institutional Reach
Globenewswire· 2026-03-20 11:00
Core Viewpoint - Canterra Minerals Corporation has engaged Atrium Research Corporation to enhance market awareness of its exploration portfolio and ongoing drill programs in 2026 [1][2]. Group 1: Engagement with Atrium Research - Atrium will publish various research reports on Canterra, utilizing publicly available information, industry data, and discussions with the Company's management [2]. - Atrium will also conduct two recorded interviews with Canterra's management to present the investment case and upcoming exploration catalysts [2]. - The agreement with Atrium includes a cash compensation of C$12,000 per quarter for a 12-month period, starting March 15, 2026, with automatic quarterly extensions unless terminated [3]. Group 2: Company Overview - Canterra is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland, with projects near the past-producing Buchans Mine and Teck Resources' Duck Pond Mine [7]. - The Company has seven mineral deposits that support current and historical Mineral Resource Estimates in accordance with National Instrument 43-101 [7]. - Canterra's gold projects are located along a structural corridor that hosts gold mineralization, with past drilling indicating multiple occurrences of orogenic-style gold mineralization [7]. Group 3: Financial Support - Canterra acknowledges potential financial support from the government of Newfoundland and Labrador's Junior Exploration Assistance Program for its 2025 and 2026 exploration programs [6].
Blue Moon Metals (BMM) Finalizes Acquisition of Apex Mine From Teck Resources
Yahoo Finance· 2026-03-18 00:03
Blue Moon Metals Inc. (NASDAQ:BMM) is one of the best hot stocks to buy according to analysts. On March 16, Blue Moon Metals finalized the acquisition of the Apex Mine from Teck American Incorporated, which is a subsidiary of Teck Resources Limited. Following the initial announcement in February, the transaction received TSX-V approval and resulted in Teck holding an 8.0% undiluted interest in Blue Moon through the issuance of over 7 million common shares. The acquired property consists of 24 patented and ...
First Quantum to sell Çayeli Mine in Türkiye
Yahoo Finance· 2026-03-13 10:14
Core Viewpoint - First Quantum Minerals has agreed to sell its Çayeli mine in Türkiye to Cengiz Insaat for $340 million, reflecting a strategic portfolio management decision by the company [1][3]. Group 1: Transaction Details - Cengiz Insaat will purchase the Çayeli mine for $340 million (Tl15.03 billion), with an advance payment of $50 million made at the announcement [1]. - The transaction is subject to regulatory approvals and is expected to be completed in the second or third quarter of 2026 [2]. - The Çayeli mine has been operational since 1994, producing copper and zinc concentrates, and has a newly identified mineral resource that extends its operational life until 2036 [2]. Group 2: Company Strategy and Operations - First Quantum's CEO highlighted the dedication of employees and a strong safety culture as key factors in the mine's performance [3]. - The sale is part of First Quantum's disciplined approach to portfolio management, allowing the company to focus on its core strategic priorities [3]. - First Quantum is involved in the production of copper, nickel, and gold, and operates mines in Zambia, Türkiye, and Mauritania [3]. Group 3: Financial Advisory - BMO Capital Markets acted as the financial advisor for First Quantum in this transaction, while Simmons & Simmons provided legal advice [3].
SSR Mining Inc. (SSRM) Upgraded by BMO After $1.5B Çöpler Mine Sale
Yahoo Finance· 2026-03-10 13:57
Core Viewpoint - SSR Mining Inc. (NASDAQ:SSRM) is highlighted as a strong investment opportunity following the announcement of the sale of its Çöpler mine for $1.5 billion, significantly exceeding its net asset value [1][2]. Group 1: Sale of Çöpler Mine - The sale price of $1.5 billion is over three times the mine's net asset value of $472 million, which alleviates uncertainties regarding the mine's future [2]. - The transaction is expected to positively impact SSR Mining's stock performance by removing concerns about a potential reset at the Çöpler mine [2]. Group 2: Financial Moves - SSR Mining plans to redeem $227.5 million of convertible notes due in 2039, which includes the principal amount, accrued interest, and a make-whole premium [3]. - This redemption indicates a proactive approach to managing the company's debt and financial obligations [3]. Group 3: Company Overview - SSR Mining Inc. engages in the acquisition, exploration, and development of precious metal resource properties across the US, Türkiye, Canada, and Argentina, focusing on gold, copper, silver, lead, and zinc deposits [3].
Canstar Secures Drill Permit for Mary March, Advances Toward 2026 Drill Program
TMX Newsfile· 2026-03-09 13:00
Core Viewpoint - Canstar Resources Inc. has received a drill permit for its Phase 1 drill program at the Mary March VMS Project, with drilling expected to commence in summer 2026, following the review of proposals from local drill contractors [1][3]. Exploration Strategy - The company is focusing on refining drill targets through an integrated exploration approach that combines geological interpretation with modern geophysical and geochemical datasets, aiming to support multiple future drill campaigns at the Mary March system [2][4]. - The exploration work is complemented by a potential upside from the Skellefte district in Sweden, pending the closing of a definitive agreement [3]. Project Highlights - The Mary March Project hosts multiple compelling drill targets, with a focus on building a foundational geological model to guide exploration and ensure efficient capital deployment [4]. - The decision to option the Golden Baie project to a third party is expected to reduce holding costs while maintaining leverage to gold and antimony discoveries through equity in the option holder [5]. Technical Updates - Lithogeochemical analysis indicates that volcanic rocks at Mary March are consistent with the historic Buchans VMS deposits, suggesting a favorable environment for high-grade VMS discovery [8][10]. - A comprehensive program of historic drill core re-logging is nearing completion, with 34 of 42 historic drill holes re-logged, providing critical geological data for a detailed 3D interpretation of the Mary March system [12][14]. Geophysical Surveys - A high-resolution drone magnetic survey has been completed, and a DCIP survey is currently underway, which is effective for detecting zones of disseminated sulphide mineralization [16][17]. - Borehole electromagnetic surveys will be conducted on selected historic drill holes to identify conductive sulphide mineralization near existing drill holes [18][19]. Company Overview - Canstar Resources Inc. is focused on discovering high-grade polymetallic deposits through rigorous exploration in proven mineral districts, with the Mary March Project being its flagship asset [23][24]. - The company maintains exposure to additional discovery opportunities through projects like the Golden Baie Project, which hosts high-grade gold and antimony mineralization [26].
BofA Raises its Price Target on Hudbay Minerals Inc. (HBM) to $32.50 and Maintains a Buy Rating
Yahoo Finance· 2026-03-04 06:41
Price Target Adjustments - BofA raised its price target on Hudbay Minerals Inc. (NYSE: HBM) to $32.50 from $27.50 while maintaining a Buy rating, following updated 2026 metal price forecasts [1] - Scotiabank lowered its price target on Hudbay Minerals to C$35.50 from C$37, keeping an Outperform rating [2] Financial Performance - Hudbay reported Q4 adjusted EPS of $0.22, below the consensus estimate of $0.39, and revenue of $732.9 million, slightly below the consensus of $734.56 million [3] - The company achieved record annual revenue of $2.2 billion in 2025 and over $1 billion in adjusted EBITDA, supported by consistent copper production guidance for 11 consecutive years [3] - Hudbay generated over $380 million in free cash flow and reported record throughput in Manitoba, with strong performance in Peru driven by high-grade Pampacancha ore [3] Company Overview - Hudbay Minerals Inc. is a diversified mining company focused on exploration, development, and operation of properties in North and South America, producing copper, gold, silver, zinc, and molybdenum concentrates [4]
Blue Moon Announces Follow on Investment of C$1.2M from Mining Contractor
Prnewswire· 2026-03-03 14:15
Core Viewpoint - Blue Moon Metals Inc. has announced a follow-on investment of C$1.2 million from its mining contractor Leonhard Nilsen & Sønner AS, aimed at supporting underground development at the Nussir copper-gold-silver project in Norway [1]. Group 1: Investment Details - Leonhard Nilsen & Sønner AS subscribed to 168,514 common shares at a price of $7.208 per share [1]. - This investment follows previous subscriptions of C$4.2 million in December 2024 and C$1.13 million in May 2025, which were linked to the mobilization of underground operations at the Nussir project [1]. - The financing is pending approval from the TSX Venture Exchange and is expected to close around March 17, 2026 [1]. Group 2: Project Overview - Blue Moon is advancing five brownfield polymetallic projects, including the Nussir project in Norway and others in the United States [1]. - The projects are strategically located with existing infrastructure, which includes roads and power [1]. - Metals such as zinc, copper, and tungsten are recognized as critical to the global economy and national security [1]. Group 3: Shareholder Information - Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS, and Monial [1].
Sasquatch Resources Provides Corporate Update
TMX Newsfile· 2026-03-01 17:53
Core Insights - Sasquatch Resources Corp. is focused on reclaiming waste rock from legacy mining sites and mineralized logging roads, aiming to recover valuable minerals while addressing environmental liabilities [3][35] - The company has made significant progress in permitting and project development, particularly at the Mount Sicker site, which has an estimated 300,000 tonnes of waste rock [5][10] - Sasquatch's innovative approach includes zero discharge mineral sorting processes to separate high-sulphide materials from benign rock, facilitating both environmental remediation and resource recovery [4][35] Project Development - The Mount Sicker project has undergone extensive analysis, including a 97 sample surface sampling program that returned averages of 1.86 g/t gold, 48.6 g/t silver, 1.22% copper, and 3.05% zinc [11] - Recent deeper sampling at Mount Sicker yielded higher averages of 3.95 g/t gold, 79.17 g/t silver, 3.25% copper, and 5.72% zinc, indicating the potential for significant resource recovery [11] - The company has submitted a "waste rock reclamation application" for permitting, which represents a novel approach in the regulatory landscape [6][10] Environmental and Community Engagement - Sasquatch's rehabilitation strategy aims to remove environmentally harmful materials while promoting safe land reclamation, which has garnered support from local stakeholders, including the North Cowichan City Council and First Nations [15][33] - The company has maintained constructive communication with First Nations, working towards a Memorandum of Understanding to formalize collaboration on project aspects [16] Future Opportunities - Sasquatch is expanding its project pipeline with additional sites such as Blue Grouse, Santana, Copper Road, and the new Alberni Claims, all of which have potential for valuable mineral recovery [17][20] - The company is also exploring new mineralized systems that could lead to future development projects, enhancing shareholder value [21] Strategic Partnerships and Team Expansion - Recent additions to the board include Andy Holloway, a metallurgical process engineer, and Jillian Doucette, founder of Synergy Enterprises, who will contribute expertise in mining and environmental sustainability [24][25] - Sasquatch has entered agreements with Synergy Enterprises for funding assistance and environmental efficiency analysis, as well as with SOMA Public Relations for media outreach [26][28]
Lundin Mining Corporation (OTC:LUNMF) Maintains "Hold" Rating Amid Strong Financial Performance
Financial Modeling Prep· 2026-02-24 23:08
Core Viewpoint - Lundin Mining Corporation has demonstrated strong financial performance, with significant earnings and revenue growth, leading to a positive adjustment in its stock price target by Deutsche Bank [2][3][4][6]. Financial Performance - Lundin Mining reported earnings of $0.42 per share for the fourth quarter, exceeding the Zacks Consensus Estimate of $0.30 per share, resulting in a 40.80% earnings surprise compared to $0.12 per share in the same quarter the previous year [3][6]. - The company achieved revenues of $1.3 billion for the quarter ending December 2025, surpassing the Zacks Consensus Estimate by 13.06% and marking a substantial increase from $858.9 million reported in the same period the previous year [4][6]. Stock Performance - The current stock price of LUNMF is $31.76, reflecting a positive change of $1.31, or 4.31%, with a market capitalization of approximately $27.14 billion [5]. - The stock has fluctuated between a low of $29.65 and a high of $31.78 today, with the latter being its highest price over the past year [5]. Analyst Ratings - Deutsche Bank maintained a "Hold" rating for LUNMF and raised its price target to C$28 from C$26, indicating confidence in the company's financial health and market position [2][6].
South32 Has No Plans to Supply U.S. Critical Minerals Stockpile
WSJ· 2026-02-12 06:37
Group 1 - The Australian metals producer expects strong demand for zinc from North American smelters facing raw material shortages [1]