Core Viewpoint - Tronox Holdings plc is set to release its second quarter 2025 earnings on July 30, 2025, followed by a webcast conference call on July 31, 2025, at 10:00 AM ET [1]. Company Overview - Tronox Holdings plc is a leading global producer of high-quality titanium products, including titanium dioxide pigment and specialty-grade titanium dioxide products [3]. - The company operates in the mining of titanium-bearing mineral sands and has facilities that produce high-grade titanium feedstock materials, pig iron, and other minerals, including rare earth-bearing mineral monazite [3]. - With approximately 6,500 employees across six continents, Tronox boasts a diverse workforce and a strong vertical integration model, enhancing its operational and technical expertise [3].

Core Insights - Energy Fuels (UUUU) reported a 33.5% decline in revenues in Q1 2025 to $16.9 million due to withholding uranium sales amid falling prices [2][14] - The Heavy Mineral Sands (HMS) segment became the primary revenue contributor, generating $15.5 million from sales of rutile, ilmenite, and zircon [2][14] - The company is cautious about uranium sales in 2025, projecting only 220,000 pounds compared to 450,000 pounds in 2024, as uranium prices have decreased by approximately 12% over the past year [3][4] Revenue and Sales Performance - Q1 2025 revenues dropped to $16.9 million from $25 million in the same quarter last year, primarily due to reduced uranium sales [2][14] - The HMS segment's revenue of $15.5 million came from the sale of 6,836 tons of rutile, 12,852 tons of ilmenite, and 1,429 tons of zircon, mainly from the Kwale Project [2][14] Future Outlook - Energy Fuels does not expect immediate production from the Kwale operation, which is in reclamation, until other projects are operational [4] - The company anticipates continued revenue declines and losses in 2025 due to reduced uranium sales and lower price expectations [4] Strategic Initiatives - The diversification into the HMS sector is seen as beneficial for long-term growth, targeting titanium and zirconium minerals while also producing monazite as a byproduct [5][6] - Energy Fuels acquired Base Resources in 2024, gaining control of the Toliara HMS project in Madagascar, with development expected to resume following the lifting of the project's suspension [7] - The company is also advancing its Bahia HMS project in Brazil and holds an option for up to 49% in the Donald Project in Australia, with a final investment decision expected in late 2025 [8] Industry Comparison - Cameco Corporation (CCJ) reported a 24% increase in Q1 revenues to $789 million, with uranium revenues up 10% to $619 million, indicating a contrasting performance in the uranium sector [11][12] - Energy Fuels shares have increased by 12.5% this year, outperforming the industry's growth of 0.4% [15]

Core Viewpoint - Kenmare Resources plc has terminated discussions regarding a potential offer from a consortium led by Oryx Global Partners Limited, citing that the proposals significantly undervalued the company and its prospects [3][12]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique [3]. - The company is confident in its independent prospects and ability to achieve strategic and operational objectives, with a strong order book for the second half of 2025 [5]. Offer Discussions - Initial discussions began on March 6, 2025, when Kenmare received a non-binding proposal from the consortium for an all-cash offer at a price of 530 pence per share [7]. - The Board of Kenmare unanimously rejected the initial proposal, deeming it to undervalue the company [8]. - Subsequent engagement with the consortium revealed that they were only willing to proceed with an offer at a price substantially below the initial proposal, which was also rejected by the Board [11]. Future Plans - Kenmare is progressing with the Wet Concentrator Plant A upgrade project, with commissioning expected to begin in Q3 2025 [6]. - Ongoing discussions with the Government of Mozambique regarding the extension of the Implementation Agreement highlight the company's commitment to its investments and future plans in the region [7].

Group 1 - Search Minerals Inc. will reinstate its common shares for trading on the TSX Venture Exchange at market open on June 16, 2025 [1] - The consolidation of shares will occur on a basis of one post-consolidation share for every ten pre-consolidation shares, effective at market open on June 17, 2025 [1] Group 2 - Search Minerals is focused on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium (Zr) and Hafnium (Hf) in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [2] - The company controls two deposits (Foxtrot and Deep Fox) and two drill-ready prospects (Fox Meadow and Silver Fox), along with several other CREE prospects in a 64-kilometer long belt [2] - Additional CREE assets are located in the Red Wine CREE District of central Labrador, including the drill-ready Two Tom Lake CREE-Be-Nb deposit and other prospects [3]

Search Minerals Announces Corporate Update Including TSX Venture Exchange Reinstatement to Trading, Financing, Share Consolidation and AGMJune 12, 2025 2:29 PM EDT | Source: Search Minerals Inc.St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - June 12, 2025) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce a corporate update.As previously disclosed by the Company, on April 8, 2024, a cease trade order (the "CTO") was issued by the British Col ...

Core Insights - Tronox Holdings plc has published its 2024 sustainability report, highlighting significant progress towards sustainability targets and reinforcing its commitment to responsible operations and investments in people and products [1][2]. Sustainability Achievements - The company reduced Scope 1 and 2 greenhouse gas (GHG) emissions intensity by 21% in 2024 compared to the 2019 baseline, primarily through increased use of renewable energy and process automation [4]. - Waste sent to external landfills decreased by 13% in 2024 from the 2019 baseline, achieved by producing less waste, recycling more materials, and exploring circular economy opportunities [4]. - Tronox achieved one of the lowest total recordable injury rates in decades, enhancing workplace safety for employees [4]. Community and Environmental Engagement - The company is engaging top-emitting suppliers to collaborate on reducing their GHG emissions as part of its Scope 3 emissions reduction strategy [4]. - Water management initiatives are being piloted at three locations to improve water consumption measurement and enhance stewardship [4]. - Tronox is leveraging rare earth concentrates from tailings to provide essential metals for the clean energy transition [4]. - The company is actively engaging with communities, executing key action items from its Reconciliation Action Plan in Australia, and has received approval for its next Social and Labor Plan in South Africa [4].

Financial Data and Key Metrics Changes - The company reported a strong first quarter with EBITDA exceeding the midpoint by $20 million, achieving a margin of 22.4% [77][89] - The company anticipates margin expansion opportunities, targeting 24% for the year and aiming for 30% in the HPMC segment [89] Business Line Data and Key Metrics Changes - Aerospace and Defense (A&D) now accounts for approximately 65% of total revenue, with energy, medical, and electronics contributing to about 80% [3][25] - Jet engines represent about 37% of revenues, with sales up 35% in Q1, and the aftermarket is expected to remain between 30% to 50% of jet engine revenues [5][21] Market Data and Key Metrics Changes - The company is experiencing strong demand across various markets, including aerospace, defense, and energy, with significant growth opportunities identified [25][26] - The company has secured a new five-year contract worth $1 billion with Airbus, bringing it to parity with Boeing [20][41] Company Strategy and Development Direction - The company has exited low-margin and commodity businesses, focusing on advanced materials and forgings to support growth in aerospace and defense [2][4] - The company is investing in new technologies, including a patent-pending nickel melting process aimed at eliminating defects, which will enhance its competitive position [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory in aerospace and defense, citing strong demand and the potential for continued growth in MRO activities [18][21] - The company is well-positioned to meet future demand, with plans to increase capacity and improve productivity [8][25] Other Important Information - The company is one of only two suppliers for certain advanced materials, which provides a competitive advantage in the market [25][60] - The company has established long-term agreements with customers that extend to 2040, allowing for flexibility in pricing and material fluctuations [55][58] Q&A Session Summary Question: How do you see the year unfolding in Q2 and beyond? - Management anticipates continued strong performance in Q2, with evaluations for full-year guidance to occur after the second quarter [78][84] Question: What is the impact of tariffs on the business? - The tariff impact is minimal from a cost standpoint, with effective pass-through mechanisms in place [81][84] Question: What are the capital investment priorities for the next few years? - The company is focusing on titanium and nickel investments, as well as increasing production capacity for zirconium and hafnium [95][96] Question: How does the company plan for capacity needs in the long term? - The company engages in discussions with customers to align capital investments with anticipated demand, typically planning for a five-year horizon [66][70]

Core Insights - IBA has signed a contract with PET Pharm Bio to establish a PET and SPECT isotopes production center in Taipei, Taiwan, utilizing the Cyclone IKON cyclotron technology [1][4] - The new facility will produce novel radiopharmaceuticals for theranostics and targeted therapies, including isotopes such as Germanium-68, Iodine-123, Thallium-201, Zirconium-89, and Copper-64 [3][4] - The Cyclone IKON solution is expected to enhance PET Pharm Bio's capabilities in the radiopharmaceutical market, positioning it as a leader in Taiwan and Southeast Asia [4] Company Overview - PET Pharm Bio, established in 2011, focuses on the research, development, and production of radiopharmaceuticals, aiming to improve patient health and advance precision diagnosis and treatment in nuclear medicine [6] - IBA is recognized as the world leader in particle accelerator technology, providing equipment and services in proton therapy, industrial sterilization, and radiopharmaceuticals, with a workforce of approximately 2,100 employees [7] Financial Aspects - The typical end-user price for a Cyclone IKON solution ranges from EUR 10 million to EUR 15 million, depending on options and associated equipment [3]

Core Viewpoint - Kenmare Resources plc has published its Report on Payments to Governments for the financial year ended 31 December 2024, detailing payments made to the Government of Mozambique, with total payments amounting to $20,323,000, which includes taxes, royalties, and fees [3][4][22]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique, which accounts for approximately 6% of global titanium feedstocks [3][6]. - The company is incorporated in Ireland and has listings on the London Stock Exchange and Euronext Dublin [6][25]. Report Scope and Compliance - The report complies with the Transparency Regulations and the Companies Act, detailing payments related to the exploration, development, and extraction of minerals [5][9]. - Payments are disclosed on a cash basis and are categorized into royalties, taxes, and fees, among others [12][14]. Financial Summary - Total payments to the Government of Mozambique for 2024 include: - Taxes: $9,921,000 - Royalties: $10,087,000 - Fees: $315,000 - Total: $20,323,000 [22]. - The mining operations are conducted by wholly-owned subsidiaries, Kenmare Moma Mining (Mauritius) Limited and Kenmare Moma Processing (Mauritius) Limited, which account for 100% of the Group's turnover [7][10]. Payment Details - The Group is subject to a mining royalty of 3% based on Heavy Mineral Concentrate (HMC) sold, and a revenue royalty of 1% on revenue recognized by the processing subsidiary [14][15]. - The corporation tax rate applicable to the Mozambique branch is 35% on taxable profits [15]. Community and Infrastructure Contributions - Payments for infrastructure improvements and social investments are excluded from the report, focusing instead on direct payments to the government [17].

Core Viewpoint - Kenmare Resources plc has published its Report on Payments to Governments for the financial year ended 31 December 2024, detailing payments made to the Government of Mozambique related to its mining operations at the Moma Titanium Minerals Mine [2][3]. Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique, which accounts for approximately 6% of global titanium feedstocks [5][22]. - The company is incorporated in Ireland and has a premium listing on the London Stock Exchange, with a secondary listing on Euronext Dublin [5]. Regulatory Compliance - The report complies with the Transparency Regulations, Companies Act 2014, and UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules, ensuring transparency in payments made to governments [4]. Payment Analysis - The report categorizes payments made to the Government of Mozambique, including taxes, royalties, and fees, with a total payment of $20,323,000 for the year 2024 [21]. - Specific payments include $9,921,000 in taxes, $10,087,000 in royalties, and $315,000 in fees [21]. Operational Structure - The mining operations at the Moma Mine are conducted by Kenmare Moma Mining (Mauritius) Limited and processing by Kenmare Moma Processing (Mauritius) Limited, both wholly-owned subsidiaries of Kenmare [6][9]. - The Group's corporate costs are recorded by the parent company, which does not engage in direct exploration or mining activities [7]. Financial Metrics - For the fiscal year ending 31 December 2024, the margin applied to cash costs of mining was 50.5%, as stipulated in the Mineral Licensing Contract with the Government of Mozambique [12]. - KMML is subject to a mining royalty of 3% based on HMC sold to KMPL, while KMPL pays a revenue royalty of 1% on recognized revenue [13][16]. Community Contributions - The report highlights the Group's contributions to local communities, although specific payments for infrastructure improvements are excluded from the report [10][17].