Base Metals Archives - Page 4 of 101

Freeport-McMoRan Inc. FCX delivered first-quarter 2026 earnings and revenue above expectations, driven by higher copper and gold prices, though weaker sales volumes were a drag. Its copper sales volumes tumbled approximately 25% year over year in the first quarter to 657 million pounds, and fell from 709 million pounds in the prior quarter. The downside primarily resulted from lower operating rates due to the temporary suspension of operations since the mud rush incident at the Grasberg Block Cave mine in Indonesia in September 2025. While the company’s outlook for copper sales volumes for the second quarter of 690 million pounds indicates a sequential improvement, it still suggests a 32% year-over-year decline. For full-year 2026, consolidated sales volume projections were revised lower to around 3.1 billion pounds of copper from the prior view of 3.4 billion pounds due to an expected delay in achieving full ramp-up of the Grasberg Block Cave mine. Sales volume growth underpins Freeport’s ability to leverage higher copper and gold prices, maintain margin expansion and deliver on its targets. Despite gains in realized prices, lower expected volumes are likely to strain its financials. Among FCX’s peers, Southern Copper Corporation SCCO logged lower copper sales volumes in the first quarter. Southern Copper sold 231,770 tons of copper in the quarter, declining nearly 5% year over year. Southern Copper also saw lower molybdenum sales volumes, which fell roughly 3% year over year. BHP Group Limited BHP saw lower year-over-year copper sales in the third quarter of fiscal 2026 (ended March 31, 2026). BHP Group’s copper sales for the quarter fell roughly 12% year over year to 468.7kt. BHP Group’s total copper sales for the nine-month period also declined around 7% from the prior-year period.

The Zacks Rundown for FCX

Shares of Freeport-McMoRan have gained 32.2% year to date compared with the Zacks Mining – Non Ferrous industry’s rise of 31%.

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From a valuation standpoint, FCX is currently trading at a forward 12-month earnings multiple of 23.29, a 3.5% discount to the industry average of 24.14X. It carries a Value Score of C.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for FCX’s 2026 and 2027 earnings implies a year-over-year rise of 44.6% and 34%, respectively. The EPS estimates for 2026 and 2027 have been trending higher over the past 60 days.

Image Source: Zacks Investment Research

FCX stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

The prospects of the Zacks Mining – Non Ferrous industry remain challenged amid the current volatility in metal prices. Industry players also grapple with inflated costs, labor shortages and supply-chain issues. However, the demand for non-ferrous metals is expected to be supported by the energy-transition trend, which should buoy the industry.Against this backdrop, we suggest keeping an eye on companies like Southern Copper Corporation SCCO, Freeport-McMoRan Inc. FCX and Lundin Mining Corp. LUNMF. These companies are poised to gain from their endeavors to build reserves and control costs while investing in technology and improving production efficiency.

About the Industry

The Zacks Mining – Non Ferrous industry comprises companies that produce non-ferrous metals, including copper, gold, silver, cobalt, molybdenum, zinc, aluminum and uranium. These metals are used by various industries, including aerospace, automotive, packaging, construction, machinery, electronics, transportation, jewelry, chemical and nuclear energy. Mining is a long, complex and capital-intensive process. The actual mining operations are preceded by significant exploration and development to evaluate the size of the deposit. The process is followed by the assessment of ways to extract and process the ores efficiently, safely and responsibly. Miners seek opportunities to grow their reserves and resources through targeted near-mine exploration and business development. They strive to upgrade and improve the quality of their existing assets internally and through acquisitions.

What's Shaping the Future of the Mining – Non Ferrous Industry?

Metal Price Swings Cloud Near-Term Outlook: Copper prices started 2026 on a strong note, supported by demand from electric vehicles (EVs), renewable energy projects, data center growth and grid modernization. Meanwhile, disruptions at major global mining operations fueled supply concerns, boosting prices to a high of roughly $6.40 per pound in late January. Prices were mostly volatile during February, largely trading near $6 per pound. Concerns about the impact of surging oil prices on the global economy due to the war in the Middle East dragged down prices to a three-month low of around $5.3 per pound in late March. Prices rebounded in April on hopes of a de-escalation in the Iran war. Copper hit a record high of $6.60 per pound earlier this week, as supply disruptions and booming AI-related infrastructure demand fueled a rally in the metal. However, it has since eased toward $6.5 per pound as traders took profits while reassessing underlying supply and demand conditions. Gold prices have retreated from January 2026 record highs of $5,608.35 an ounce as persistent inflation, a stronger U.S. dollar and expectations of higher-for-longer interest rates weighed on investor sentiment. Gold is currently trading near $4,700 an ounce. Silver, meanwhile, climbed toward $88 an ounce, reaching its highest level in two months and outperforming other precious metals as industrial demand prospects have improved. However, reduced expectations for Federal Reserve rate cuts limited further upside. Uranium futures were above $86.50 per pound, near their highest level in two months, on optimism surrounding long-term nuclear power demand.Labor Shortage, High Costs Remain Worrisome: The industry has been facing a shortage of skilled workforce lately, which has hiked wages. Labor-related disputes can be damaging to production and revenues. Industry players are grappling with escalating production costs, including electricity, water and materials, as well as higher freight expenses and supply-chain issues. Since the industry cannot control the prices of its products, it focuses on improving the sales volume, increasing the operating cash flow and lowering unit net cash costs. Industry participants are opting for alternate energy sources to minimize fuel-price volatility and secure supply. Miners are now committed to cost-reduction strategies and digital innovation to drive operating efficiencies. Strong Demand to Support the Industry: The demand for non-ferrous metals is expected to remain high in the future, given their wide use in primary sectors, including transportation, electricity, construction, telecommunication, energy and information technology. The surging demand for electric vehicles and renewable energy is expected to be a significant growth driver for metals like copper and nickel in the years to come. The overhauling and upgrading of the nation’s infrastructure and promoting green policies per the U.S. Infrastructure Investment and Jobs Act will also require a huge amount of non-ferrous metals.

Zacks Industry Rank Indicates Bleak Prospects

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull prospects for the near term. The Zacks Mining – Non Ferrous industry, a nine-stock group within the broader Zacks Basic Materials Sector, currently carries a Zacks Industry Rank #156, which places it in the bottom 36% of 243 Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.Before we present a few stocks that you may want to consider for your portfolio, let us look at the industry’s recent stock-market performance and its valuation picture.

Industry Versus S&P 500 & Sector

The Zacks Mining- Non Ferrous Industry has outperformed its sector and the Zacks S&P 500 composite over the past 12 months. The stocks in this industry have collectively gained 93.9% in the past year compared with the Zacks Basic Materials sector’s rise of 49.6%. The S&P 500 has risen 31.2% in the said time frame.

One-Year Price Performance

Industry's Current Valuation

Based on the trailing 12-month EV/EBITDA ratio, a commonly used multiple for valuing Mining- Non Ferrous stocks, we see that the industry is currently trading at 14.92X compared with the S&P 500’s 18.59X. The Basic Materials sector’s trailing 12-month EV/EBITDA is 15.31X. This is shown in the charts below.

Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)

Over the past three years, the industry has traded as high as 17.79X and as low as 3.95X, the median being 9.24X.

3 Mining – Non Ferrous Stocks to Keep an Eye on

Southern Copper: The company has the largest copper reserve in the industry and operates world-class assets in investment-grade countries, such as Mexico and Peru. SCCO expects to produce 915,000 tons of copper in 2026. Southern Copper expected to take this up to roughly 1.6 million tons by 2035, implying a compound annual growth rate (CAGR) of approximately 5.3% from 2025 levels. To support this growth plan, the company intends to invest more than $20.5 billion over the next decade, with the bulk of the capital allocated to projects in Peru. Key growth catalysts include the Tía María, Los Chancas and Michiquillay projects in Peru, along with El Pilar and El Arco in Mexico, all of which underpin SCCO’s long-term expansion pipeline. Given its constant commitment to increasing low-cost production and growth investments, SCCO is well-poised to continue delivering an enhanced performance.

The Zacks Consensus Estimate for the Phoenix, AZ-based company’s fiscal 2026 earnings indicates year-over-year growth of 33.4%. The estimate has moved up 6.4% over the past 60 days. The company has a trailing four-quarter earnings surprise of 9.1%, on average. SCCO has a long-term estimated earnings growth rate of 14.6% and currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Price & Consensus: SCCO

Freeport-McMoRan: The company remains well-positioned for growth, supported by its high-quality copper assets, large reserve base and strong organic expansion opportunities in the United States. Its organic project pipeline contains the Bagdad expansion, Safford/Lone Star Expansions and the Kucing Liar project. FCX is also deploying the latest technologies and data analytics in its leaching processes across its North America and South America operations. Incremental copper production from these initiatives totaled 214 million pounds in 2025. The company is targeting an annual run rate of 300-400 million pounds by 2026/2027 in North America and subsequently 800 mm pounds annually by 2030. In addition, FCX is leveraging automation, new technologies and analytics to enhance operating efficiencies while lowering costs and capital intensity across existing operations and future projects. The company commenced the phased ramp-up of the Grasberg Block Cave underground mine in March 2026, following the temporary suspension of operations following the September 2025 mud rush incident.

The Zacks Consensus Estimate for FCX’s earnings for fiscal 2026 indicates year-over-year growth of 44.6%. The estimate has moved up 0.4% over the past 60 days. FCX has a trailing four-quarter earnings surprise of 32.12%, on average. It has a long-term estimated earnings growth rate of 32.4%. The Phoenix, AZ-based company currently carries a Zacks Rank of 3.

Price & Consensus: FCX

Lundin Mining: The company recently acquired an additional 5% equity interest in SCM Minera Lumina Copper Chile, owner of the Caserones copper-molybdenum mine, along with a 30.9% interest in the Los Helados Project and a 0.62% net smelter return royalty on Los Helados from JX Advanced Metals Corp. and affiliates for a total consideration of $215 million. This acquisition increased LUNMF’s ownership in Caserones to 75%, adding annual attributable copper production of approximately 6,500-7,000 tons, while the 30.9% interest in the Los Helados Project strengthens the company's copper and gold Mineral Resource base and provides compelling long-term growth optionality, including potential synergies with the nearby Caserones operation. With the completion of the sale of the Eagle mine to Talon Metals, it is now a copper-dominant mining company, with approximately 85% of quarterly revenues generated from copper. Results of the technical study for the Vicuña project, which comprises the Filo del Sol deposit and the Josemaria deposit, underscore its potential as a Tier 1 asset with peak annual copper production exceeding 500,000 tons and peak gold production exceeding 800,000 ounces per annum. It is expected to rank among the top five copper, gold and silver mines globally. A sanction decision is expected this year.

The Zacks Consensus Estimate for Vancouver, Canada-based LUNMF’s fiscal 2026 earnings indicates a year-over-year improvement of 51.3%. The estimate has moved up 15% over the past 60 days. It has a long-term estimated earnings growth rate of 17.8%. The company currently carries a Zacks Rank of 3.

Price & Consensus: LUNMF

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

Lundin Mining Corp. (LUNMF) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

TORONTO, May 11, 2026 (GLOBE NEWSWIRE) — Wallbridge Mining Company Limited (TSX: WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce the results for the first two holes completed as part of its 2026 Phase 1 drilling campaign at its 100% owned Martiniere gold project (“Martiniere”). The Phase 1 campaign is focused on the Dragonfly zone which forms the core of the Bug Lake deformation corridor and hosts the majority of the Martiniere mineral resource.

HIGHLIGHTS*

	MR-26-141	2.20 g/t Au over 2.8 m
	MR-26-141A	5.22 g/t Au over 1.3 m
	MR-26-142	2.01 g/t Au over 12.8 m	Including 5.29 g/t Au over 1.6 m
			2.82 g/t Au over 4.1 m
		3.11 g/t Au over 18.4 m	Including 3.47 g/t Au over 2.3 m
			3.58 g/t Au over 1.9 m
			19.10 g/t Au over 0.9 m
			3.54 g/t Au over 4.3 m
		3.75 g/t Au over 4.8 m	Including 7.17 g/t Au over 1.7 m
			5.33 g/t Au over 0.7 m
		4.53 g/t Au over 13.5 m	Including 22.60 g/t Au over 1.0 m
			3.73 g/t Au over 6.3 m
			6.95 g/t Au over 2.0 m
		3.84 g/t Au over 3.0 m	Including 5.04 g/t Au over 2.0 m
* True widths are estimated to be 70-90% of the reported core length intervals.

“The initial results from our 2026 program once again provide further confirmation of the scale potential emerging at Martiniere,” commented Brian Penny, Chief Executive Officer of Wallbridge. “Drilling along the Dragonfly corridor continues to intersect multiple mineralized structures over significant widths, reinforcing our geological model of Martiniere as a large and robust gold system that remains open for continued expansion both laterally and at depth. We look forward to continuing to unlock the potential at Martiniere over the remainder of the program and will report results as they become available.”

Martiniere 2026 Drilling Program

On March 16, 2026, the Company announced the commencement of a 17,000 metre exploration drilling program at Martiniere. The program is being executed in two phases, with Phase 1 currently nearing its scheduled completion on May 14, 2026. Phase 1 comprises six holes totaling approximately 4,000 metres.

The primary objective of the 2026 program is to further evaluate Martiniere’s growth potential through widely spaced step-out drilling targeting the projected extensions of the principal structures controlling gold mineralization beyond the limits of the currently defined mineral resource.

The six Phase 1 holes were drilled along an approximate 350 metre section of the Dragonfly shear corridor. Summary descriptions of the results for the first two holes reported here are provided below. Results for the remaining four holes will be reported once all final assays have been received.

MR-26-141 (Section A-A’): Collared approximately 250 metres south of the underground mineral resource and designed to test the down-dip projection of the system, excessive down-hole deviation early in the original hole MR-26-141 resulted in the hole being abandoned and re-collared as MR-26-141A, which was successfully completed. Prior to abandonment, hole MR-26-141 intersected a 2.8 metre shear-hosted interval grading 2.2 g/t Au at a down-hole depth of 68.5 metres.
MR-26-141A (Section A-A’): Collared within a few metres of abandoned hole MR-26-141, hole MR-26-141A intersected several narrow mineralized intervals, including 5.22 g/t Au over 1.3 metres along the sheared contact between a felsic porphyry dike and a pillowed basalt unit. Additional lower grade gold mineralization was intersected along the sheared margins of multiple porphyry dikes emplaced along the Dragonfly shear corridor.
MR-26-142 (Section B-B’): Collared along the eastern margin of the Bug Lake South resource area and drilled northward to test a gap between previously-completed drill holes along the Dragonfly corridor. The hole intersected a series of sub-parallel mineralized structures, returning intervals including 2.01 g/t Au over 12.8 metres, 3.11 g/t Au over 18.4 metres, 3.75 g/t Au over 4.8 metres, 4.53 g/t Au over 13.5 metres, and 3.84 g/t Au over 3.0 metres.

The majority of the defined resource area at Martiniere is hosted along the Bug Lake deformation corridor, a broad structural corridor comprising a series of northwest-striking, southwest-dipping shear zones spatially associated with felsic intrusive dikes developed within a large drag-fold structure adjacent to the regional-scale Lac du Doigt fault. The Lac du Doigt fault is interpreted to represent an important structural control on the emplacement and distribution of gold mineralization at Martiniere and currently marks the northern limit of systematic exploration drilling completed to date.

Similar to other major structural corridors in the Abitibi greenstone belt, including the Sunday Lake Deformation Zone that extends across the Company’s approximately 600 km² Detour–Fenelon property and hosts the Detour Lake Mine approximately 45 kilometres west of Martiniere, the Lac du Doigt fault is interpreted to have acted as a deep-seated conduit for hydrothermal fluid flow and gold mineralization.

Since early 2025, exploration drilling targeting the geologic continuity of the broader mineralized system has intersected significant gold mineralization over an area measuring approximately 2,000 metres along strike, by 800 metres in width, and to a vertical depth of at least 800 metres below surface. The system remains open to continued expansion laterally to the southeast and north, as well as at depth.

The Martiniere mineral resource (published March 27, 2025) is estimated to contain 346,000 ounces of gold averaging 2.29 g/t Au in the Indicated category and 387,000 ounces of gold averaging 3.11 g/t Au in the Inferred category. The mineral resource estimate includes all drilling completed prior to December 31, 2024. (For details see the current mineral resource statement provided in the NI43-101 Technical Report dated March 27, 2025 available on the Company’s website at www.wallbridgemining.com and on www.sedarplus.ca).

Gold mineralization at Martiniere is primarily hosted within mafic volcanic rocks and younger felsic porphyry dikes, occurring within discrete shear and breccia zones characterized by pyritic silica flooding, quartz-carbonate veining, and silica-sericite alteration. Mineralization is commonly concentrated along sheared intrusive contacts and within zones of increased deformation throughout the broader Bug Lake deformation corridor.

A table of gold assay highlights is provided below:

Martiniere Project 2026 Phase 1 – Initial Drill Assay Highlights1
				From3	To3	Length3, 4	Au
Drill Hole			VG*2	(m)	(m)	(m)	(g/t)
DRAGONFLY
		MR-26-141	*	68.5	71.3	2.8	2.20
		MR-26-141A		259.6	260.9	1.3	5.22
		MR-26-142		404.0	416.8	12.8	2.01
			Including	404.0	408.0	4.0	0.81
				408.0	409.6	1.6	5.29
				409.6	412.8	3.2	0.89
				412.8	416.8	4.1	2.82
				430.2	432.0	1.9	3.79
				469.1	487.5	18.4	3.11
			Including	469.1	474.8	5.7	1.29
				474.8	477.0	2.3	3.47
				477.0	480.5	3.5	1.17
				480.5	482.4	1.9	3.58
				482.4	483.3	0.9	19.10
				483.3	487.5	4.3	3.54
				496.5	501.3	4.8	3.75
				496.5	497.8	1.3	1.49
				497.8	501.3	3.6	4.54
				560.5	574.0	13.5	4.53
			Including	560.5	561.5	1.0	22.60
				561.5	567.8	6.3	3.73
				567.8	572.0	4.3	0.32
				572.0	574.0	2.0	6.95
				614.0	617.0	3.0	3.84
Notes
1	Highlighted assay composites have been selected based on a combination of criteria, including observable mineralization and/or having a Metal Factor >5 gmm (MF = Au g/t Interval length), and/or a minimum interval length of 1.5 metres,
2	Asterisk * denotes visible gold (VG) observed in drill core.
3	Reported drill hole depths and interval lengths have been rounded to the nearest 0.1 metres. As a result, interval lengths may vary slightly from differences calculated directly from drill hole depths reported here.
4	True widths are estimated to be 70-90% of the reported core length intervals.

For more information, please refer to the links below for a drill hole location map, representative cross sections, and assay summaries of complete drill holes.

Martiniere Gold Project: 2026 Phase 1 Drill Hole Location Map Plan View Martiniere Gold Project: 2026 Phase 1 Longitudinal Section A-A’Martiniere Gold Project: 2026 Phase 1 Cross Section B-B’ Martiniere Gold Project: 2026 Phase 1 Drill Assay Summary and Drill Hole Location Information

The Martiniere project is a key component of the Company’s ~600 km2 Detour-Fenelon Gold Trend property, Northern Abitibi, Quebec. Martiniere is located 30 kilometres west of the Company’s flagship Fenelon gold project and 45 kilometres east of Agnico Eagle’s Detour Lake gold mine, currently Canada’s largest producing gold mine.

Wallbridge Mining Detour – Fenelon Gold Trend Properties

Quality Assurance / Quality Control

Wallbridge maintains a Quality Assurance/Quality Control ("QA/QC") program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of blanks and certified reference materials, and completion of secondary check analyses performed at a separate independent accredited laboratory. Drill core is halved, sampled, and shipped in sealed bags to Activation Laboratories Ltd. (ActLabs) in Val d’Or, Quebec, where samples are routinely analysed via fire assay with atomic absorption spectroscopy (‘AAS’) finish methods. For greater precision and accuracy, samples assaying 10 g/t Au or greater are re-distributed to other ActLabs facilities where they are re-assayed via metallic screen fire assay or fire assay/gravimetric finish, depending on the amount of sample material remaining available. Samples containing visible gold are routinely submitted directly for analysis by metallic screen fire assay method. Activation Laboratories Ltd. operates under a Quality Management System that conforms to the requirements of ISO/IEC 17025.

Qualified Person

The Qualified Person responsible for the technical content of this news release is Mr. Mark A. Petersen M.Sc., P.Geo. (OGQ AS-10796; PGO 3069), Senior Exploration Consultant for Wallbridge.

About Wallbridge Mining

Wallbridge is focused on creating value through the exploration and sustainable development of gold projects in Quebec’s Abitibi region while respecting the environment and communities where it operates. The Company holds a contiguous mineral property position totaling 598 square kilometres that extends approximately 82 kilometres along the Detour-Fenelon gold trend. The land position is host to the Company’s flagship PEA stage Fenelon Gold Project, and its earlier exploration stage Martiniere Gold Project, as well as numerous greenfield gold projects.

For further information please visit the Company’s website at https://wallbridgemining.com/ or contact:

Wallbridge Mining Company Limited

Brian Penny, CPA, CMAChief Executive OfficerEmail: bpenny @wallbridgemining.comM: +1 416 716 8346

Tania Barreto, CPIRDirector, Investor RelationsEmail: tbarreto@wallbridgemining.comM: +1 416 289 3012

Cautionary Note Regarding Forward-Looking Information

The information in this document may contain forward-looking statements or information (collectively, “FLI”) within the meaning of applicable Canadian securities legislation. FLI is based on expectations, estimates, projections and interpretations as at the date of this document.

All statements, other than statements of historical fact, included herein are FLI that involve various risks, assumptions, estimates and uncertainties. Generally, FLI can be identified by the use of statements that include, but are not limited to, words such as “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “be taken”, “occur” or “be achieved.”

FLI in this document may include, but is not limited to: statements regarding current and future exploration and drilling results; parameters and methods used to estimate mineral resource estimate (“MRE") at Martiniere; the prospects, if any, for the expansion of the Martiniere MRE; and the significance of historic exploration activities and results.

FLI is designed to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI. Although the FLI contained in this document is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no obligation, to update or revise any such FLI contained in this document to reflect new events or circumstances. Unless otherwise noted, this document has been prepared based on information available as of the date of this document. Accordingly, you should not place undue reliance on the FLI, or information contained herein.

Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in FLI.

Assumptions upon which FLI is based, without limitation, include: the results of exploration activities, the Company’s financial position and general economic conditions; the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Company’s mineral projects; the accuracy of key assumptions, parameters or methods used to estimate MREs and PEAs; the ability of the Company to obtain required approvals; geological, mining and exploration technical problems; failure of equipment or processes to operate as anticipated; the evolution of the global economic climate; metal prices; foreign exchange rates; environmental expectations; community and non-governmental actions; and, the Company’s ability to secure required funding. Risks and uncertainties about Wallbridge's business are discussed in the disclosure materials filed with the securities regulatory authorities in Canada, which are available at www.sedarplus.ca.

Cautionary Notes to United States Investors

Wallbridge prepares its disclosure in accordance with NI 43-101 which differs from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). Terms relating to mineral properties, mineralization and estimates of mineral reserves and mineral resources and economic studies used herein are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies. As such, the information presented herein concerning mineral properties, mineralization and estimates of mineral reserves and mineral resources may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the U.S. federal securities laws and the rules and regulations thereunder.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e2176ef2-bfc0-4c93-9e5a-b24edc9f4efe

An aerial view of Anglo American’s Woodsmith mine site in North Yorkshire, England.

IRVING, Texas, May 07, 2026–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) announced today that it has been selected to perform feasibility study services for Anglo American’s Woodsmith mining project in North Yorkshire, England. Fluor will recognize the undisclosed contract value in the second quarter of 2026.

Woodsmith is a large-scale underground mine that has access to the largest known polyhalite fertilizer deposit in the world. The mine will extract the low‑carbon fertilizer via deep shafts and a 37 kilometer (23 mile) underground conveyor tunnel to Anglo American’s materials handling facility in Teesside for processing.

"The Woodsmith project has the potential to create a long‑term, stable and sustainable naturally occurring source of critical fertilizers for global markets," said Harish Jammula, President of Fluor’s Mining & Metals business. "This award reflects our team’s deep technical expertise and our commitment to executing complex projects safely, responsibly and with excellence. We look forward to partnering closely with Anglo American as it advances towards completion of the Woodsmith Project."

Construction for tunnelling and shaft sinking is currently underway. When fully operational, the mine is expected to produce 13 million tonnes per year of polyhalite fertilizer.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

#m&m

View source version on businesswire.com: https://www.businesswire.com/news/home/20260507991035/en/

Contacts

Fluor Corporation6700 Las Colinas BlvdIrving, Texas 75039469.398.7000

Brett TurnerMedia Relations864.281.6976

Jason LandkamerInvestor Relations469.398.7222

Vancouver, British Columbia–(Newsfile Corp. – May 4, 2026) – Pacific Bay Minerals Ltd. (TSXV: PBM) ("Pacific Bay" or the "Company") reports that the Company is adopting semi-annual financial reporting in place of quarterly reporting, effective for the three-month interim period ending (Q1 2026 period end date).

The British Columbia Securities Commission recently issued Coordinated Blanket Order 51-933, which allows eligible venture issuers listed on the TSX Venture Exchange or Canadian Securities Exchange to file financial reports twice a year rather than four times. Pacific Bay meets the conditions of the Order and will begin relying on it starting with its Q1 2026 interim period.

As a result, the Company will not be filing an interim financial report or related MD&A for the three-month period ending March 31, 2026, nor for its nine-month period ending September 30, 2026. Pacific Bay will continue to file audited annual financial statements and semi-annual interim reports as required.

"This move enables Pacific Bay to maintain full transparency with investors while focusing more overhead expense and management time on mineral exploration," said David H. Brett, President and CEO of Pacific Bay. "The Company is looking forward to reactivating exploration at its Haskin-Reed critical minerals project in northern BC and this step will help us in that effort."

About Pacific Bay Minerals

Pacific Bay's 100% owned Haskins-Reed Critical Minerals Project in northwestern BC is one of the leading exploration projects in the Cassiar Region. Located next to Cassiar Gold Corp. on Highway 37, Haskins-Reed hosts tungsten, copper, bismuth, silver, lead, and zinc in multiple high-grade polymetallic zones, over 150 drill holes, underground workings, and significant exploration potential. Pacific Bay also recently signed an option agreement to acquire 100% of the Mount Haskins claims, adjoining Haskins-Reed directly to the north. The Company also owns 100% of the Weaver Gold project in southern BC, now under option/JV with Aurwest Resources Corp. whereby Aurwest can earn 50%.

The technical disclosures in this news release were reviewed and approved by independent geological consultant David Bridge, P.Geo., a Qualified Person, as defined by National Instrument 43-101. David Bridge is not an officer, director or employee of the Company.

David H. Brett, MBAPresident & CEOTelephone: (604) 682-2421Email: dbrett@pacificbayminerals.com

www.pacificbayminerals.com

This news release contains "forward‐looking statements" within the meaning of Canadian securities legislation. Forward‐looking statements include, but are not limited to, statements with respect to reactivating exploration at the Haskins-Reed property. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Pacific Bay will operate in the future. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward‐looking statements include, amongst others, the global economic climate, dilution, share price volatility and competition, results of exploration activities, and the ability of the Company to raise equity financing. Although Pacific Bay has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Pacific Bay does not undertake to update any forward‐looking statements, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295919

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How BHP Group Shares Look After Recent Performance

BHP Group (ASX:BHP) has drawn fresh attention after a strong past year, with a 50.3% total return and share price gains over the past month and the past 3 months.

See our latest analysis for BHP Group.

The recent 1 day share price return of 2.27% takes BHP Group to A$54.94. The 30 day share price return of 4.53% and year to date share price return of 20.06% sit alongside a 1 year total shareholder return of 50.28%, pointing to momentum that has built over time rather than just a short term move.

If you are weighing BHP Group against other resource names, this could be a moment to check stocks exposed to the copper story through our focused screener, starting with 8 top copper producer stocks.

With BHP Group trading around A$54.94 after a 50.28% 1 year total return and sitting above the current analyst price target, investors may ask whether this is a buying opportunity or whether the market is already pricing in future growth.

Most Popular Narrative: 100% Undervalued

According to Bailey, the most followed narrative puts BHP Group’s fair value at A$55.50, slightly above the last close at A$54.94 and framing the recent strength as still within range of that estimate.

CatalystsWhat are the underlying business or industry changes driving this perspective?

• Data Center and AI-Driven Copper Demand: Beyond general electrification, the explosive growth of Artificial Intelligence (AI) data centers is creating a new, capital-intensive source of demand for copper. BHP’s high-quality copper portfolio (including Escondida and Copper South Australia) is positioned to serve this sector, which requires significant copper cabling and power infrastructure, potentially tightening the global supply deficit sooner than expected.

Read the complete narrative.

The copper story here is more than a simple electrification theme. It rests on specific views around long run demand from power hungry data centers, how much BHP can supply into that market, and the impact on long term cash flow and valuation multiples. The full narrative joins those moving parts into one pricing case, including assumptions on volumes, pricing and capital spend.

Result: Fair Value of A$55.50 (ABOUT RIGHT)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, this copper and potash story can be knocked off course if Chinese steel demand weakens further or big projects like Jansen encounter higher costs and delays.

Find out about the key risks to this BHP Group narrative.

Another View: Cash Flows Paint A Tougher Picture

While Bailey’s narrative lands on a fair value of A$55.50, our DCF model points in a different direction. On this view, BHP Group at A$54.94 is trading above an estimated future cash flow value of A$39.62, which suggests overvaluation rather than underpricing.

For anyone weighing story versus spreadsheets, the key question is simple: which lens do you trust more when the narrative and the cash flows disagree, and how much risk are you willing to take that the higher number is right?

Look into how the SWS DCF model arrives at its fair value.

BHP Discounted Cash Flow as at May 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out BHP Group for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 9 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.

Next Steps

With the narratives pulling in different directions, the real question is what you think the balance of risk and reward looks like here. Move quickly, review the data for yourself, and weigh both sides with the help of 1 key reward and 1 important warning sign

Ready to hunt for more ideas?

If BHP Group has sharpened your focus, do not stop here. Put a few more quality ideas on your radar so you are not relying on one story.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include BHP.AX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Monitors display Barrick Mining Corp. signage on the floor of the New York Stock Exchange in New York, U.S. (Credit: Michael Nagle/Bloomberg files)

Barrick Mining Corp. recently announced an initial public offering of its North American gold assets, with a primary listing on the New York Stock Exchange and a secondary listing on the Toronto Stock Exchange. It follows Teck Resources Ltd., which last year agreed to merge with Anglo American PLC, with the combined company slated for a primary listing on the London Stock Exchange.

While these may seem like isolated decisions, we should take notice. These are storied Canadian companies with deep national roots that are choosing to shun our public markets for their primary listings. Viewed alongside the broader decline in public companies and initial public offerings on Canada’s stock exchanges, a troubling pattern begins to emerge.

The fact that these are mining and resource companies is alarming. The TSX and TSX Venture Exchange have long been a magnet for precisely these companies, owing to decades of accumulated financial and legal expertise, as well as institutional and investor familiarity in the sector. There is a history here. Regional exchanges in Vancouver and Calgary dating back to the early 20th century played an influential role in financing and scaling mining and resource ventures. That tradition continued when the TSX acquired the regional exchanges to form the TSX Venture Exchange in 2001.

While we have also seen technology companies bypass Canadian stock exchanges to list in the U.S., that pill is perhaps easier to swallow. Canada has never had deep public-market strength in the technology sector, and U.S. exchanges offer more liquidity, substantially more capital and a larger pool of investors with technology expertise. When a Canadian technology company lists in New York — as Xanadu Quantum Technologies Ltd. recently did by choosing the NASDAQ for its primary listing and the TSX for its secondary — it can be chalked up to familiar forces: companies follow the money.

Canada has long played this role in the mining sector, particularly given its developed expertise. According to the TMX Group’s 2026 Guide to Listing, about 40 per cent of the world’s public mining companies are listed on the TSX and TSXV.

Teck’s case has especially drawn the ire of institutional investors. Despite remaining operationally rooted in Canada, the merger with Anglo American would redomicile the combined company to the U.K., placing its S&P/TSX Composite and S&P/TSX 60 eligibility at risk. This underscores another trend: the increased importance of index membership.

There is a growing share of Canadian savings that is now flowing through index-based vehicles, such as exchange-traded funds, and this is shaping how capital is allocated. These vehicles do not trade on fundamentals, per se — they simply rebalance mechanically. To be eligible for the S&P/TSX Composite, a company must be domiciled in Canada. In an about-face, the S&P Dow Jones Indices is now reportedly considering rule changes to allow certain foreign-listed firms to retain eligibility, triggered in part by Teck’s merger with Anglo American.

It is true that Barrick’s North American spin-off and the new incarnation of Teck will still be accessible to Canadian investors through their secondary listings. But there is a real difference between a primary and a secondary listing. Analyst coverage, trading depth and investor attention tend to follow the primary market. Being a secondary market is not nothing, but it is not the same as being at the centre of activity, which is necessary to sustain the broader ecosystem.

When index rules need to be revisited to keep long-standing Canadian companies in domestic indexes, it raises a deeper question about whether Canada’s public markets still function as a natural home for globally competitive companies, even in sectors where Canada has traditionally been a leader.

The timing could hardly be worse. The current geopolitical environment has placed Canada’s resource sector front and centre. The Carney government has explicitly stated its ambition to make Canada an energy and resource superpower. That ambition requires capital, expertise and strong domestic capital markets. Allowing those to slip away carries real costs.

J. Ari Pandes is an associate professor of finance and an associate dean at the University of Calgary’s Haskayne School of Business.

VANCOUVER, BC, May 1, 2026 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act.

The number of issued and outstanding shares of the Company increased by 250,552 to 855,610,391 common shares with voting rights as of April 30, 2026. The increase in the number of issued and outstanding shares from April 1, 2026 to date is the result of the exercise of employee stock options or the vesting of employee share units, offset by share buybacks completed under the normal course issuer bid ("NCIB").

Normal Course Issuer Bid

Under the Company's shareholder distribution policy, the Company is committed to allocating up to US$150 million in annual share buybacks through the NCIB program. So far during 2026, Lundin Mining has acquired 1,500,094 common shares at a cost of approximately US$42 million.

About Lundin Mining

Lundin Mining is a Canadian mining company headquartered in Vancouver, Canada with three operating mines in Brazil and Chile. We produce metals that underpin global development, supporting infrastructure, electrification, technological innovation, and economic resilience. Our strategic vision is to become a top ten global copper producer. To get there, we are executing a clear growth strategy, which includes advancing one of the world's largest copper, gold, and silver projects in the Vicuña District on the border of Argentina and Chile, where we hold a 50% interest. We also hold a 31% interest in the Los Helados project, located adjacent to our operating Caserones mine, providing longer term growth optionality. Lundin Mining has a proven track record of value creation through resource growth, operational excellence, and responsible development. The Company's shares trade on the Toronto Stock Exchange (LUN) and Nasdaq Stockholm (LUMI). Learn more at www.lundinmining.com.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on May 1, 2026 at 2:00 Pacific Time.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/01/c8706.html

TORONTO, May 1, 2026 /CNW/ – The King's Trust Canada is pleased to announce the appointment of Mike Henry as Chair, effective May 1, 2026. Mr. Henry will succeed Mark Fell, who has served with dedication in the role. "It has been an honour to serve as Chair of The King's Trust Canada and to support its important work empowering young people. Mike's leadership experience and commitment to expanding opportunity for youth make him exceptionally well suited to support the mission of His Majesty's flagship charity in Canada."

Mr. Henry brings significant global leadership experience, most recently as Chief Executive Officer of BHP, the world's largest mining company, where he led a workforce of more than 90,000 employees. During his tenure, he positioned the organization for long-term growth in response to major global trends, including population growth, urbanization, rising living standards, and the energy transition.

He has also demonstrated a strong commitment to creating opportunities for young people. At BHP, Mr. Henry prioritized workforce development, investing substantially in industry training centres and pathways to employment for individuals from diverse backgrounds. Under his leadership, BHP also became the first major mining company to achieve a gender balanced workforce. BHP's focus on people has results in improved safety, operational and financial performance and growth.

Mr. Henry's commitment to skills development and inclusive economic opportunity aligns closely with the mission of The King's Trust Canada to support young people facing barriers to build skills, confidence, and careers. "As I look forward to returning to Canada and beginning a new professional and personal chapter, I am honoured to assume the role of Chair of The King's Trust Canada at such an important time for the organization. The Trust's commitment to supporting young people is one I share personally and believe is essential to Canada's prosperity. I am excited to work closely with the Board and the new CEO, Jeffrey Orridge, to scale the Trust's impact in communities nationwide."

Learn about the work of The King's Trust at www.thekingstrust.ca

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/01/c0847.html

Toronto, Ontario–(Newsfile Corp. – April 30, 2026) – Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) (FSE: 1QA) (Tradegate: 1QA) ("Honey Badger" or the "Company") is pleased to announce that it has granted an aggregate of 5,335,000 stock options (the "Options") on April 29th, 2026, to certain directors, officers, employees and/or consultants of the Company.

The Options are exercisable at a price of $0.45 per share and are valid for a period of 5 years from the date of grant. The Options vest in accordance with the Company's stock option plan and are subject to the terms and conditions of the plan and the policies of the TSX Venture Exchange.

About Honey Badger Silver (TSXV: TUF) (OTCQB: HBEIF) (FSE: 1QA) (Tradegate: 1QA)

Honey Badger Silver is unlocking some of Canada's richest untapped silver potential. With the acquisition of the fully permitted, high-grade PC Silver Project, the Company has become a leading North American silver and critical minerals company.

Backed by an impressive portfolio of 8 high-quality silver mineral projects across the Northwest Territories, Yukon, and Nunavut, including the Sunrise Lake, Plata, and Nanisivik properties, Honey Badger controls district- scale land positions in some of the most metal-rich jurisdictions on the continent.

What sets Honey Badger apart is its strategic blend of real silver ownership and growth leverage: the Company holds 10,000 ounces of physical silver yielding 12% annually, reinforcing tangible asset value while advancing aggressive exploration and acquisition plans.

Led by a proven team of mine-builders and capital markets professionals, Honey Badger is building a cash-generating, asset-backed platform for the bull cycle in precious and critical metals.

More information is available at www.honeybadgersilver.com.

ON BEHALF OF THE BOARD

CHAD WILLIAMS, Executive Chairman and CEO

Sonya Pekar Investor Relationsinvestors@honeybadgersilver.com | +1 (647) 498-8244

Forward-Looking Statements

Certain statements in this release constitute "forward-looking statements" within the meaning of applicable securities laws, including but not limited to, the potential of the Project, the timing of the completion of the Acquisition and the Offering, the third party approvals and consents (including the stock exchange approvals) required to complete the Acquisition and the Offering, the conditions required to be satisfied to complete the Acquisition, the abilities of the companies to complete the Acquisition on the terms announced (if at all), the intentions, plans and future actions of Honey Badger described herein, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits / resources / reserves, geological interpretation, the timing for completing the Acquisition, the Company's ability to satisfy the Escrow Release Conditions on or before the Escrow Release Deadline, the potential merits of Prairie Creek, and Honey Badger's strategic objective. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Although the Company believe that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295384

BHP Group Limited (NYSE:BHP) is one of Goldman Sachs top gold stock picks. On April 23, RBC Capital reaffirmed its Sector Perform rating on BHP Group Limited (NYSE:BHP) with a GBP56.00 price target. The stance is in response to solid first-quarter results that affirmed iron ore as the primary driver. While the company experienced cost pressure, it was mostly driven by foreign exchange movements.

The company has delivered strong performance over the past nine months, characterized by record material mined at Escondida. The results reflect operational consistency and the strength of a high-margin, diversified portfolio in an evolving operating environment. BHP Group continues to make steady progress across the copper growth program, underpinned by disciplined capital allocation.

BHP Group boasts a strong balance sheet, having realized $4.8 billion from completing the Antamina silver streaming transaction and finalizing the divestment of Carajas. Last year, the company agreed to sell royalties from a copper-gold mine in the Carajás region of Brazil.

BHP Group Limited (NYSE:BHP) produces gold primarily as a valuable byproduct of its massive copper mining operations, particularly at the Olympic Dam mine in South Australia. As a top 20 global gold producer and a major copper miner, BHP holds significant gold reserves (over 65 million ounces at Olympic Dam), positioning itself as a major player in the precious metal.

While we acknowledge the potential of BHP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None. Follow Insider Monkey on Google News.

Southern Copper (SCCO) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +8.48%. A quarter ago, it was expected that this miner would post earnings of $1.46 per share when it actually produced earnings of $1.56, delivering a surprise of +6.85%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Southern Copper, which belongs to the Zacks Mining – Non Ferrous industry, posted revenues of $4.25 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $3.12 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Southern Copper shares have added about 18.8% since the beginning of the year versus the S&P 500's gain of 4.3%.

What's Next for Southern Copper?

While Southern Copper has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Southern Copper was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.60 on $3.89 billion in revenues for the coming quarter and $6.77 on $15.51 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Non Ferrous is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Energy Fuels (UUUU), is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.

This uranium and vanadium miner and developer is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +76.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Energy Fuels' revenues are expected to be $33.25 million, up 96.8% from the year-ago quarter.

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Teck Resources Limited (NYSE:TECK) is one of Goldman Sachs top gold stock picks. On April 22, Teck Resources Ltd (NYSE:TECK) reported a strong start to the year, characterized by record quarterly copper sales, as the company also capitalized on strong commodity prices.

The company achieved an adjusted EBITDA of $2.1 billion in the first quarter, up 125% year over year, driven by record quarterly copper sales. Teck Resources also benefited from increased revenue from byproducts and higher commodity products. Adjusted profit attributable to shareholders totaled $858 million, or $1.75 a share, a significant improvement from $303 million, or $0.60 a share, in the same period last year.

Total revenue increased to $3.9 billion compared to $2.29 billion delivered in the first quarter of 2025. Copper production in the quarter increased to 140,000 tons from 106,100 tons produced in the same quarter last year. Zinc concentrate production totaled 120,300 tons. The first-quarter results affirm exceptional strength across multiple metrics, operational improvements at key assets, and favorable market conditions.

Teck Resources Limited (NYSE:TECK) produces gold primarily as a byproduct of its copper-gold mining operations in Chile, notably at the Carmen de Andacollo mine. While focused on copper and zinc, the company markets gold ore and is developing the NuevaUnión project, a large copper-gold-molybdenum project.

While we acknowledge the potential of TECK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None. Follow Insider Monkey on Google News.

Vancouver, British Columbia–(Newsfile Corp. – April 30, 2026) – Valhalla Metals Inc. (TSXV: VMXX) (OTCQB: VMXXF) ("Valhalla" or the "Company") is pleased to announce a non-brokered private placement of 7,692,307 subscription receipts (the "Subscription Receipts") at a price of $0.65 per Subscription Receipt for aggregate gross proceeds of $5,000,000 (the "Offering"). The Offering is being undertaken in connection with the Company's previously announced acquisition of the copper-gold-silver-zinc Smucker Project (the "Smucker Project") from Teck American Incorporated, a subsidiary of Teck Resources Limited ("Teck") (the "Transaction") (see news release dated April 21, 2026). The completion of the Offering is a condition to the closing of the Transaction which is expected to be completed in June 2026. Teck and Marubeni Corporation have indicated their intention to participate in the Offering, for respective amounts of approximately $1.75 million and $1.7 million, subject to negotiation and execution of definitive documentation.

The net proceeds of the Offering are expected to be used for exploration expenditures on the Company's Sun Property, including funding the Company's upcoming drilling program, mapping and survey work at the Smucker Project, general and administrative costs and general working capital purposes.

Subscription Receipt Terms

The gross proceeds of the Offering will be placed in escrow pending satisfaction of certain conditions, which will include, among other things: (i) completion, satisfaction or waiver of all conditions precedent to the Transaction in accordance with its terms; and (ii) receipt of all required shareholder and regulatory approvals with respect to the Transaction (collectively, the "Escrow Release Conditions"). Upon satisfaction of the Escrow Release Conditions, the proceeds of the Offering will be released from escrow and the Subscription Receipts will, without any further action by the holder of such Subscription Receipt and for no additional consideration, be automatically converted into common shares in the capital of the Company ("Common Shares"). If (i) the Escrow Release Conditions are not satisfied by 5:00 p.m. (Vancouver time) on the date that is 90 days following the closing of the Offering or (ii) the Transaction does not proceed, then the Subscription Receipts will be cancelled and the escrowed funds will be returned to the holders.

The Offering is subject to customary closing conditions. The Company may pay finder's fees in connection with the Offering, in accordance with applicable securities laws and the policies of the TSX Venture Exchange, if applicable; provided, however, that only 50% of such finder's fees may be payable upon the purchase of Subscription Receipts, with the remaining finder's fees being payable upon the satisfaction of the Escrow Release Conditions. To the extent that the escrowed funds are insufficient to return to holders an amount equal to the original purchase price of the Subscription Receipts, the Company will be responsible for any shortfall. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. The Subscription Receipts, and the Common Shares issuable upon conversion thereon, will be subject to a four-month hold period under applicable securities laws.

The Company reserves the right to increase the size of the Private Placement by 100% (for aggregate proceeds of $10,000,000) in the context of the market. The Subscription Receipts being offered and the Common Shares issuable on conversion of the Subscription Receipts have not been and will not be registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act") and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. This news release will not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Valhalla Metals

Valhalla Metals Inc. is a mineral exploration and development company focused on the advancement of its mineral projects towards feasibility. Valhalla's flagship project is the Sun copper-zinc-lead-gold-silver VMS project located in Ambler Mining District, Northwest Alaska. Valhalla Metals Inc. shares trade on the TSXV under the ticker symbol VMXX and OTCQB under the ticker symbol VMXXF. For more information about Valhalla, please visit our website at www.valhallametals.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

For more information on the Company, please contact Valhalla Metals Inc.

Sorin Posescu, Chief Executive OfficerPhone: 604-561-3194 Email: invest@valhallametals.com

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plan", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Such information or statements in this news release include, but are not limited to: statements with respect to the Offering, including the timing and completion thereof; the anticipated use of proceeds from the Offering; the satisfaction of the Escrow Release Conditions; the payment of any finder's fees in connection with the Offering; the receipt of all required approvals for closing of the Transaction, including approval of the shareholders of Valhalla; and the closing of Transaction.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including that the Company successfully completes the Offering and the Transaction, as currently structured, and is able to realize the anticipated benefits from the Transaction and that the Company uses the proceeds from the Offering as currently anticipated. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based, are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Such factors include, among others, the following risks: risk that the Offering or the Transaction is delayed or not completed on the terms described herein or at all; the Company and Marubeni Corporation and/or Teck do not enter into definitive documentation and complete their proposed investments; one or both of the TSXV and/or the shareholders of the Company may not approve the Transaction; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the other reports and filings of the Company with the TSXV and applicable Canadian securities regulators. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295141

Kodiak Copper [TSXV:KDK] is seeking to redraw the boundaries of its growth strategy through a proposed transaction that would carve out two US copper assets into a new, separately listed vehicle, reflecting a broader industry pivot toward scale, jurisdictional focus and capital efficiency.

The explorer said it has signed a non-binding letter of intent with Teck Resources [NYSE:TECK] and Kay Copper outlining plans for a three-cornered amalgamation that would combine Kodiak’s Mohave project with Teck’s Copper Hill asset. Both properties are located in Arizona, a state that has become increasingly central to US ambitions for domestic critical mineral supply.

If completed, the transaction would see the two exploration-stage projects vended into a newly formed subsidiary, which would ultimately merge into Kay Copper. The resulting entity would seek a listing on the TSX Venture Exchange, positioning itself as a US-focused copper exploration company at a time of heightened investor and policy interest in electrification metals.

Unlocking value from early-stage assets

The structure is emblematic of a growing trend among mid-tier and junior miners to unlock value by separating early-stage assets from core portfolios. Kodiak, for its part, remains focused on its flagship MPD project in British Columbia, while still retaining exposure to potential upside in Arizona through an equity stake in the new company.

Under the proposed terms, Kodiak and Teck would each receive 20 million shares in the new entity at a deemed price of $0.25, though the companies emphasised that this figure does not imply a formal valuation. Following the amalgamation, those shares would be exchanged for equity in Kay Copper, alongside existing shareholders and new investors.

The strategic rationale rests on several pillars. Arizona offers a favourable permitting environment and established infrastructure, having accounted for roughly 70 per cent of US copper production in 2025. Both Mohave and Copper Hill are considered prospective porphyry systems, with multiple drill-ready targets identified but relatively limited modern exploration.

Executives argue that combining the assets under a single, well-funded vehicle could accelerate development timelines and attract a more focused investor base. Planned drilling campaigns in 2026 are expected to test several high-priority targets, potentially providing near-term catalysts.

What about the financing?

Financing will be critical to the venture’s launch. The new entity intends to raise at least C$4mn through a subscription receipt financing priced at $0.25 per share, with proceeds held in escrow pending completion of the transaction. A smaller, non-brokered initial financing of up to $830,000 at $0.10 per share is also slated for management and early backers.

Assuming full execution, Kay Copper is expected to emerge with approximately 70.3 million shares outstanding. Kodiak and Teck would each hold about 28 per cent, with the remainder split among existing Kay Copper shareholders and participants in the financings.

The involvement of a major producer such as Teck adds industrial credibility, particularly given its expected offtake rights over future concentrate production. At the same time, the backing of an experienced exploration group provides continuity in project development.

The agreement is non-binding, and completion depends on due diligence, regulatory approvals, financing conditions and the negotiation of definitive documentation.

For now, the proposal signals intent rather than certainty. But in a market increasingly shaped by supply chain geopolitics and capital discipline, the creation of a dedicated US copper explorer may yet prove timely.

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BHP Group Limited (NYSE:BHP) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 28, 2026, Argus raised its price target on BHP Group Limited (NYSE:BHP) to $95 from $90 and maintained a Buy rating. The firm said BHP’s performance remains closely tied to iron ore, copper, and coal prices, which have started to firm as global inflation rises. Argus added that the outlook is improving as China’s economy stabilizes and demand tied to clean energy investment continues to grow.

On April 23, 2026, JPMorgan analyst Dominic O’Kane raised his price target on BHP Group Limited (NYSE:BHP) to 2,600 GBp from 2,500 GBp while maintaining a Neutral rating.

Image by Csaba Nagy from Pixabay

On April 21, 2026, BHP reported third-quarter iron ore output of 62.8 million tonnes, up 2% year over year, while energy coal output rose 12% to 4.0 million tonnes. The company maintained full-year fiscal 2026 iron ore guidance of 258 million to 269 million tonnes and said energy coal production is now expected to land in the upper half of its prior 14 million to 16 million tonne range.

CEO Mike Henry said the company delivered a strong operating performance over the past nine months, highlighted by record material mined and concentrator throughput at Escondida Mine and record production at its Western Australia Iron Ore operations. He added that strong output from Escondida Mine and Antamina Mine supports expectations that copper production will land in the upper half of guidance. Henry also said BHP’s low-cost operations and centralized procurement model have helped offset rising energy and consumable costs tied to the Middle East conflict.

BHP Group Limited (NYSE:BHP) is a global mining company with operations spanning copper, iron ore, coal, uranium, gold, zinc, lead, molybdenum, silver, and cobalt.

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Wondering if BHP Group at around A$55.43 is offering fair value or if the current price is leaving money on the table.
The stock has been relatively steady over the last week with a 0.1% decline, while the 30 day return of 10.0% and 1 year return of 51.2% put recent moves into perspective.
Recent coverage has focused on BHP Group’s position among global resource majors, its exposure to key commodities, and how investors are weighing those factors against broader market sentiment. This context helps explain why returns over 3 and 5 years, at 46.5% and 81.8%, are front of mind for many shareholders looking at the stock today.
Right now, BHP Group scores a 2 out of 6 valuation checks. The rest of this article will walk through what that means across different valuation methods and will also outline a broader way to think about value by the end.

BHP Group scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: BHP Group Discounted Cash Flow (DCF) Analysis

A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and discounting them back to today using a required rate of return. It focuses on the cash that could be available to shareholders rather than accounting earnings.

For BHP Group, the model used is a 2 Stage Free Cash Flow to Equity approach. The latest twelve month free cash flow is around $10.33b. Analysts provide explicit free cash flow estimates out to 2030, for example $11.36b in 2030. Simply Wall St then extrapolates further years based on those inputs. Each of these projected cash flows is discounted back to today’s value using the chosen discount rate, then summed to arrive at an intrinsic value per share.

On this basis, the DCF model arrives at an estimated fair value of about $39.93 per share. Compared with the current share price of around A$55.43, this implies the stock is about 38.8% above the DCF estimate, which points to a rich valuation on this cash flow view.

Result: OVERVALUED

Our Discounted Cash Flow (DCF) analysis suggests BHP Group may be overvalued by 38.8%. Discover 9 high quality undervalued stocks or create your own screener to find better value opportunities.

BHP Discounted Cash Flow as at Apr 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for BHP Group.

Approach 2: BHP Group Price vs Earnings

For profitable companies like BHP Group, the P/E ratio is a widely used yardstick because it links what you pay per share to the earnings that business is currently generating. It gives you a quick sense of how many years of current earnings the market is willing to pay for.

What counts as a “normal” P/E often reflects what investors expect from a company and how much risk they see. Higher expected earnings growth or lower perceived risk can justify a higher P/E, while slower growth or higher risk tends to be associated with a lower P/E.

BHP Group currently trades on a P/E of about 19.7x. That is above the Metals and Mining industry average of around 13.1x, and below the broader peer group average of about 29.5x. Simply Wall St’s Fair Ratio for BHP Group is 21.6x, which is its proprietary estimate of an appropriate P/E based on factors such as earnings growth, industry, profit margin, market cap and company specific risks.

Because the Fair Ratio blends these fundamentals, it can be more tailored than a simple comparison with peers or the industry, which may have very different profiles. With the current P/E of 19.7x below the Fair Ratio of 21.6x, the shares screen as undervalued on this earnings multiple view.

Result: UNDERVALUED

ASX:BHP P/E Ratio as at Apr 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 4 top founder-led companies.

Upgrade Your Decision Making: Choose your BHP Group Narrative

Earlier it was mentioned that there is an even better way to think about valuation. Narratives on Simply Wall St’s Community page let you attach a clear story about BHP Group to concrete numbers by linking your view of its business, a forecast for revenue, earnings and margins, and a Fair Value that you can then compare with the current price to decide whether to act. The platform updates those Narratives automatically as new news or results arrive, and different investors can express very different views. For example, one Narrative may see Fair Value near A$31.79 with a modest 1.4% revenue growth rate, and another may see Fair Value around A$121.48 with revenue growth assumptions of 28.0%. All of this is presented within an easy to use framework that combines story and numbers.

For BHP Group however we will make it really easy for you with previews of two leading BHP Group Narratives:

Each one ties a clear story about the business to a Fair Value, growth outlook, and risk set, so you can quickly see which version of the future lines up better with your own view.

🐂 BHP Group Bull Case

Fair Value: A$55.50

Implied undervaluation vs last close: 0.1%

Revenue growth assumption: 14.17%

Emphasises copper and potash as key future facing commodities, with exposure to AI data centers, electrification, and long life growth options in regions like the Vicuña district.
Highlights Jansen potash as a new, large scale revenue stream that is less tied to Chinese industrial demand, alongside ongoing focus on low cost operations and capital efficiency.
Sets out long term opportunities and risks around decarbonization, new mining technologies, and structural shifts such as the circular economy, as well as regulatory and project execution challenges.

🐻 BHP Group Bear Case

Fair Value: A$52.50

Implied overvaluation vs last close: 5.6%

Revenue growth assumption: 1.07%

Frames BHP as heavily exposed to iron ore and Chinese steel demand, with earnings and cash flow sensitivity to any sustained slowdown or stronger competition.
Focuses on risks around project execution, inflation, regulatory complexity, and ESG requirements, which could affect margins, capex needs, and long term profitability.
Anchors Fair Value to analyst assumptions for moderate revenue growth, higher future profit margins, and a P/E multiple around 18x, with the current price sitting modestly above the consensus target.

If you want to see how your own expectations for BHP Group stack up against these stories, the Community page lets you compare different Narratives side by side and stress test the assumptions that matter most to you. See what the community is saying about BHP Group.

Do you think there’s more to the story for BHP Group? Head over to our Community to see what others are saying!

ASX:BHP 1-Year Stock Price Chart

Companies discussed in this article include BHP.AX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Wall Street expects a year-over-year increase in earnings on higher revenues when Lundin Mining (LUNMF) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This base metals mining company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +172.7%.

Revenues are expected to be $1.12 billion, up 16% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 4.23% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Lundin?

For Lundin, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -3.06%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Lundin will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Lundin would post earnings of $0.3 per share when it actually produced earnings of $0.42, delivering a surprise of +40.00%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Lundin doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Lundin Mining Corp. (LUNMF) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

VANCOUVER, BC, April 28, 2026 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the publication of its Swedish Annual Report for the year ended December 31, 2025, including the Company's first Sustainability Statement (the "Statement") in accordance with the Swedish Annual Accounts Act and the European Sustainability Reporting Standards ("ESRS") and Article 8 of the EU Regulation 2020/852 (the "EU Taxonomy") under the EU Corporate Sustainability Reporting Directive ("CSRD").

Since 2010, Lundin Mining has published a comprehensive report on key environmental, health & safety, governance, and social issues relevant to its communities, employees, investors, and stakeholders. 2025 marks the Company's first CSRD-aligned Sustainability Statement, introducing enhanced disclosure and greater rigour as part of our commitment to responsible mining.

Jack Lundin, President and CEO, commented "At Lundin Mining, we are proud to produce the metals the world needs responsibly, through disciplined environmental stewardship, strong partnerships with communities, and an unwavering commitment to safety. Our inaugural Sustainability Statement under CSRD reflects the significant progress we have made, as well as the transparency, accountability, and high standards embedded across our business. As we continue to grow, we are well positioned to deliver lasting value for all stakeholders while supporting a more sustainable future."

2025 Highlights Include:

Our Total Recordable Injury Frequency Rate (TRIFR) of 0.321 was a record for Lundin Mining, a testament to the effectiveness of our ongoing safety initiatives and commitment of our teams.
The Company advanced key greenhouse gas (GHG) emission reduction initiatives, including at Chapada where the operation's electricity needs are now met by renewable energy. With this increased investment in renewables, all the electricity supplied to Lundin Mining's operations now comes from renewable sources. In order to advance Scope 3 action, the company has also updated its Scope 3 emissions inventory and intends to identify key suppliers who have established GHG emissions targets to support engagement activities.
All active tailings facilities fully conform to the Global Industry Standard on Tailings Management.
Direct community investments from the Company's corporate office and sites totaled approximately $9.3 million in 2025. These investments supported education, health, culture, community development and small business development.
Board composition exceeded the Company's female representation target, with 37.5% of female directors.

_______________________________
1	Calculated per 200,000 hours worked as per Occupational Safety and Health Administration (OSHA) methodology.

Annual Report

The 2025 Swedish Annual Report is available for download from the Company's website at the following location: https://lundinmining.com/investors/financial-reports/ and has been filed and is available in European Single Electronic Format. The Sustainability Statement is also available as a stand-alone document at: https://lundinmining.com/sustainability/reports/.

About Lundin Mining

This is information that Lundin Mining is obliged to make public pursuant to the Swedish Securities Markets Act (Sw. lag (2007:528) om värdepappersmarknaden). The information was submitted for publication, through the agency of the contact persons set out below on April 28, 2026 at 8:30 PM Pacific Time.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2026/28/c1063.html

This article first appeared on GuruFocus.

Iron ore prices are pushing higher again, and the move is happening even as a key supply overhang has just been resolved. After a seven-month dispute between BHP Group (NYSE:BHP) and China Mineral Resources Group Co. was settled, stockpiled ore that had been stuck at ports has now been cleared to re-enter the market. Despite that added supply, futures in Singapore are still holding just below $107 a ton, suggesting the market is looking past near-term inventory normalization and focusing on a different set of drivers.

That shift in focus is increasingly tied to costs. Analysts at Commonwealth Bank of Australia point to rising diesel and freight expenses linked to tensions in the Middle East, which are lifting the industry cost curve and potentially putting a floor under prices. According to their estimates, around 170 million tons per year of iron ore supply roughly 10% of China's pig iron output had cost support between $80 and $100 a ton last year. If those cost thresholds move higher, iron ore pricing could stay elevated for longer than the market might have expected, even as previously constrained supply returns.

At the same time, the broader demand backdrop has not improved. China's core steel demand drivers remain under pressure, particularly construction, and additional supply is expected as shipments from Guinea's Simandou project begin ramping up from May. Even so, near-term price action remains firm, with iron ore rising 0.5% to $106.90 a ton in Singapore and futures on the Dalian Commodity Exchange climbing 0.7% to 786 yuan per ton, alongside gains in Shanghai steel contracts. The setup suggests a market that could be caught between weakening fundamentals and rising cost support in the months ahead.

Teck Resources Limited (NYSE:TECK) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 28, 2026, Scotiabank raised its price target on Teck Resources Limited (NYSE:TECK) to C$80 from C$75 previously while maintaining a Sector Perform rating on the shares.

On April 24, 2026, TD Securities also raised its price target on Teck Resources Limited (NYSE:TECK) to C$82 from C$80 and kept a Hold rating. Canaccord followed with a price target increase to C$85.50 from C$78 while maintaining a Hold rating. The firm said Teck’s first-quarter results were clearly positive but remained neutral to its broader investment thesis as the company moves toward completing its merger with Anglo American plc.

On April 23, 2026, Teck reported Q1 adjusted EPS of C$1.75, up sharply from C$0.60 a year earlier, while revenue climbed to C$3.94 billion from C$2.29 billion. CEO Jonathan Price said the strong quarter was driven by record copper sales, favorable commodity prices, and disciplined execution across operations. He highlighted robust performance at the Quebrada Blanca Mine, which delivered record quarterly copper sales and continued operational stability. Price added that the company remains focused on maintaining operational discipline while advancing its merger-of-equals transaction with Anglo American plc toward closing.

Teck Resources Limited (NYSE:TECK) operates mining assets across Asia, the Americas, and Europe, with exposure to copper, zinc, lead, and silver.

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Vancouver, British Columbia–(Newsfile Corp. – April 29, 2026) – Kodiak Copper Corp. (TSXV: KDK) (OTCQX: KDKCF) (FSE: 5DD1) (the "Company" or "Kodiak") announces that it has entered into a non-binding letter of intent (the "LOI") with Teck Resources Limited (collectively with its subsidiary Teck American Incorporated, "Teck") and Kay Copper Corp. ("Kay Copper", formerly Railtown II Capital Corporation), currently an unlisted reporting issuer, on February 17, 2026 which outlines the principal terms of a proposed transaction to be completed by way of a three-cornered amalgamation (the "Transaction").

Under the Transaction, Kodiak would vend its 100% owned Mohave project ("Mohave") and Teck would vend its 100% owned Copper Hill project ("Copper Hill"), both located in Arizona, into a subsidiary of Kay Copper to create a new US-focused copper exploration company that would apply to list its shares on the TSX Venture Exchange ("TSXV"). The Transaction is subject to ongoing negotiations, the execution of definitive agreements, due diligence, consents and regulatory approval, approval of the TSXV and the completion of the NewCo Initial Financing (as defined below) and NewCo Concurrent Financing (as defined below). There is no guarantee that the Transaction will be completed.

Strategic Rationale

Transaction is anticipated to generate synergies and unlock value that is not being recognized within current corporate structures
Conducive environment for domestic critical mineral projects in the United States
Premier jurisdiction – Arizona is a prolific mining district with existing infrastructure that produced 70% of US copper production in 2025
Quality assets – two 100% owned exploration-stage copper porphyry projects
Near-term exploration upside – multiple drill-ready targets on both projects that can be advanced quickly, with drilling planned in 2026
Experienced team with track record of creating shareholder value
Kay Copper is expected to be a well funded company with Teck and Kodiak as shareholders and the support of Discovery GroupTM

Claudia Tornquist, President and CEO of Kodiak said, "While Kodiak remains firmly focused on the MPD project in British Columbia, we are excited to combine our Mohave project with Teck's Copper Hill project in a new company, Kay Copper. We are thrilled to become shareholders in Kay Copper alongside Teck and are confident this new venture has the potential to create substantial long-term shareholder value. With two projects with multiple targets ready to be drilled this year, Kay Copper will be well positioned to pursue a strategy of growth and value creation."

Transaction Overview

Pursuant to the LOI and subject to the negotiation and execution of definitive agreements:

A new private company will be incorporated ("NewCo") for the purposes of the Transaction. NewCo would acquire Mohave and Copper Hill from Kodiak and Teck respectively, in exchange for shares of NewCo;
NewCo would issue to each of Kodiak and Teck 20 million common shares at a deemed price of $0.25 per share as consideration for Mohave and Copper Hill, respectively. The $0.25 share price is a deemed price for transaction purposes only and does not represent a valuation;
NewCo would complete a three-cornered amalgamation with Kay Copper (the "Amalgamation"), whereby Newco would merge with a newly formed subsidiary of Kay Copper and the holders of shares of Newco would receive one share of Kay Copper for each Newco share held;
Concurrently with the Amalgamation, Kay Copper would apply to list its shares for trading on the TSXV under the name of Kay Copper Corp;
Completion of the Transaction is subject to customary closing conditions including the completion of due diligence by each of Kodiak, Teck and Kay Copper, negotiating and executing definitive agreements, obtaining all necessary consents and regulatory approvals, TSXV acceptance and satisfaction of applicable listing requirements, the completion of the NewCo Initial Financing (as defined below) and NewCo Concurrent Financing (as defined below) and other conditions. Closing is expected in the third quarter of 2026; and
Further details regarding the Transaction will be provided as the process continues to advance.

There can be no assurance that the Transaction, NewCo Initial Financing (as defined below) or NewCo Concurrent Financing (as defined below) will be completed as proposed, or at all.

NewCo Concurrent & Initial Financing

In connection with the Transaction, NewCo intends to complete a subscription receipt financing at $0.25 per share for minimum gross proceeds of C$4.0 million (the "NewCo Concurrent Financing").

Proceeds are intended to fund exploration work programs to materially advance both projects in 2026.
Gross proceeds would be held in escrow and released concurrently with closing of the Transaction upon satisfaction of specified escrow release conditions, including completion of the asset acquisitions, Amalgamation, and TSXV conditional approval, and all requisite corporate and regulatory approvals.
If escrow release conditions are not satisfied, subscription receipt holders would be entitled to a return of funds in accordance with the terms of the subscription receipts.

In addition to the NewCo Concurrent Financing, NewCo intends to complete a non-brokered initial financing to the incoming management, board, and investors at $0.10 per share for gross proceeds of up to $830,000 (the "NewCo Initial Financing"), subject to negotiation, execution of definitive agreements, TSXV approval, including review of pricing and insider participation, and other applicable approvals. The NewCo Initial Financing is expected to close prior to closing of the Transaction.

Expected Capital Structure of Kay Copper

Following completion of the Transaction, the NewCo Concurrent Financing, and the NewCo Initial Financing, Kay Copper is expected to have approximately 70,300,000 common shares outstanding, on an undiluted basis, with ownership expected to be held approximately as follows:

Kodiak: 28%
Teck: 28%
Kay Copper existing shareholders: 9%
NewCo Initial Financing subscribers: 12%
NewCo Concurrent Financing subscribers: 23%

Final capitalization will be determined upon negotiation and execution of definitive agreements, the NewCo Concurrent Financing and the NewCo Initial Financing.

Additional Terms

In addition to receiving common shares of Kay Copper, each of Teck and Kodiak are expected to enter into separate Investor Rights Agreements with Kay Copper.
Teck is expected to be granted offtake rights with respect to certain concentrate production from the Mohave and Copper Hill projects, subject to definitive documentation.

Project Highlights

Mohave Project Overview

17 km2 land package in Mohave County, Arizona located approximately 33 km west of Freeport's Bagdad porphyry copper mine, which is geologically and structurally similar (Figure 1)
Exploration and limited drilling by previous operators indicate a large system of porphyry-style Cu-Mo-Ag mineralization
The last drill program at Mohave was in 2011. There are multiple Cu-Mo-Ag soil/rock geochemical targets and geophysical anomalies which have not been drill tested

Copper Hill Project Overview

35 km2 land package in Arizona, located in a prolific porphyry district near a producing mining cluster (Christmas and Chilito) (Figure 1)
Limited historic exploration in the 1960s and 1970s identified prospective alteration and chemistry in drill holes and mapping
At least three large porphyry centres with potassic alteration & veining identified on the property
Recent exploration work by Teck highlights multiple underexplored, drill-ready porphyry targets

Figure 1: Location of Mohave and Copper Hill Copper Porphyry Properties

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3803/294790_0c72df5c143038d3_002full.jpg

Management and Board of Directors

Upon closing of the Transaction, the management and board of directors of Kay Copper will be reconstituted. The management team will be led by Adam Schatzker as Chief Executive Officer, and Claudia Tornquist will chair the Board of Directors. Other management and board appointments will be named in due course. Chris Taylor, John Robins and Jim Paterson will be advisors to Kay Copper and the company will be part of Discovery GroupTM.

Adam Schatzker – Chief Executive Officer

Mr. Schatzker is a mining executive with over 25 years of experience spanning corporate development, capital markets, and project evaluation across base, battery, and precious metals. Most recently Vice President, Corporate Development at Canada Nickel Company, he led government funding initiatives to advance the Crawford Nickel Sulphide Project, and the corporate development activities for carbon-related businesses. His career includes senior roles with RBC Capital Markets, Research Capital, Waterton Global, and Uranium One. In these roles, he built deep expertise in valuation, strategy, capital markets, and financing for resource companies. Mr. Schatzker is an independent director of Tiernan Gold Corp. He holds an MBA and B.Sc. (Geology) from the University of Toronto.

Claudia Tornquist – Chair of the Board

Ms. Tornquist is an experienced mining executive whose background includes business development, business evaluation, M&A and financing, at both multi-national companies and in the junior sector. She is the CEO of Kodiak Copper, was formerly General Manager at Rio Tinto working with Rio Tinto's copper operations and also held the position of Executive Vice President Business Development for the streaming company Sandstorm Gold. Ms. Tornquist is a Director of American Lithium and Silver One Resources and former director of Kennady Diamonds, leading the $176m sale of the company to Mountain Province as chair of the special committee of the board. She has a Masters Degree in Mechanical Engineering from the Technical University of Munich and a Masters of Business Administration from INSEAD.

Chris Taylor – Advisor

Mr. Taylor is a mining entrepreneur and founder of Kodiak Copper. He has more than 20 years experience in structural and economic geology with both mid-tier producer and junior exploration companies, including extensive experience in copper porphyry exploration. Mr. Taylor was founder and CEO & President of Great Bear Resources, which made a district-scale gold discovery in Canada and acquired over by Kinross Gold for $1.8b, a discovery success recognized industry wide. His awards include PDAC's 2023 Bill Dennis Award, Mines & Money 2022 Mining CEO of the Year, The Northern Miner Mining Person of the Year for 2021, Kitco's Mining CEO of the Year 2021, AME 2021 Colin Spence Award & 2018 Bernie Schneiders Discovery of the Year Award by the Northwestern Ontario Prospectors Association (NWOPA).

John Robins – Advisor

Mr. Robins is a successful industry recognized entrepreneur with over 40 years of experience in the mining industry. In 2025, he was the recipient of PDAC's Viola R. MacMillan Award for his leadership excellence in mineral exploration financing. He also received AME's Murray Pezim Award in 2022 for his significant contribution to the financing of exploration and development projects over the last 20 years, as well as the Spud Huestis Award in 2008 for having made significant contributions to mineral exploration in British Columbia and Yukon. Mr. Robins is a steward of the junior mining industry and the co-founder and principal of Discovery GroupTM. His entrepreneurship has created over $2.6 billion in M&A activity and generated over C$1 billion in direct and indirect mineral expenditures. He was involved in several monumental discoveries including the Yukon's Coffee Gold deposit, Ontario's Great Bear Project, the Three Bluffs gold deposit in the Committee Bay greenstone belt, and the Aviat/Churchill diamond districts of Nunavut. Mr. Robins holds many leadership positions in the industry, including Executive Chairman of K2 Gold, and acts as a Strategic Advisor to Defense Metals, Kodiak Copper, CopperEx Resources, Prospector Metals, and ValOre Metals.

Jim Paterson – Advisor

Mr. Paterson is the co-founder and principal of Discovery GroupTM and has 27 years executive experience in the mining industry. He was a director of Kaminak (acquired by Goldcorp), Northern Empire (acquired by Coeur Mining), and Great Bear Royalties (acquired by Royal Gold). In addition to being the Chairman of ValOre Metals, Mr. Paterson is a director of K2 Gold, and acts as a Strategic Advisor to Kodiak Copper and Prospector Metals.

Dave Skelton, P.Geo., Vice President Exploration of the Company and the Qualified Person as defined by National Instrument 43-101, has approved and verified the technical information used in this news release.

Early Warning Reporting

As of the date hereof, Teck and Kodiak do not own, directly or indirectly, nor exercises control or direction over, any shares of NewCo or Kay Copper. Upon closing of the Transaction (and assuming the completion of the maximum offering amount under the NewCo Concurrent Financing), Teck and Kodiak are expected to each beneficially own, directly or indirectly, or exercise control or direction over, approximately 20,000,000 shares in Kay Copper (subject to negotiations and execution of applicable definitive agreements), representing approximately 28% of the issued and outstanding shares of Kay Copper on a non-diluted basis.

Teck and Kodiak's acquisition of the shares of Kay Copper under the Transaction is being made for investment purposes. Teck and Kodiak may determine to increase or decrease their investments in the Company depending on market conditions and any other relevant factors. This release is required to be issued under the early warning requirements of applicable securities laws. Teck's head office is located at Suite 3300 – 550 Burrard Street, Vancouver, BC, V6C 0B3. Kodiak's head office is located at Suite 1020 – 800 West Pender Street, Vancouver, BC, V6C 2V6. In satisfaction of the requirements of the National Instrument 62-104 – Take-Over Bids And Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, early warning reports respecting the acquisition of shares of Kay Copper by Teck and Kodiak or its affiliates will be filed under the Company's SEDAR+ at www.sedarplus.ca. A copy of Teck's early warning report to be filed in connection with the Transaction and any potential definitive agreements may also be obtained by contacting Dale Steeves at 236-987-7405. A copy of Kodiak's early warning report to be filed in connection with the Transaction and any potential definitive agreements may also be obtained by contacting Jeff Dare at 604-235-4053.

On behalf of the Board of DirectorsKodiak Copper Corp.

Claudia TornquistPresident & CEO

For further information contact:Nancy Curry, VP Corporate Developmentncurry@kodiakcoppercorp.com+1 (604) 646-8362

About Kodiak Copper

Kodiak is focused on advancing its 100%-owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and existing infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate, published in 2025, outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine.

Kodiak's founder and Chairman, Chris Taylor, is well-known for his gold discovery success with Great Bear Resources. Kodiak is also part of Discovery GroupTM led by John Robins, one of the most successful mining entrepreneurs in Canada.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement (Safe Harbor Statement): This press release contains forward looking statements within the meaning of applicable securities laws. The use of any of the words "anticipate", "plan", "can", "could", "continue", "expect", "estimate", "objective", "may", "will", "would", "project", "shall", "should", "predict", "potential" and similar expressions are intended to identify forward looking statements. In particular, this press release contains forward looking statements concerning: the proposed creation of a new U.S.-focused copper exploration company expected to list on the TSXV; Kodiak vending Mohave to NewCo; Teck vending Copper Hill to NewCo; that NewCo will unlock value and synergies that are not being recognized or maximized within the current corporate structures of Kodiak and Teck; that Mohave and Copper Hill have multiple drill-ready targets that can be advanced quickly; that NewCo will be positioned for meaningful growth; that copper prices and growing support for domestic critical minerals in the U.S. will create substantial long-term returns; the NewCo Initial Financing and the NewCo Concurrent Financing; the Amalgamation, including NewCo and Kay Copper (and the potential listing application on the TSXV of such amalgamated company); the successful negotiation and execution of a definitive agreement; the receipt of consents or regulatory approvals, including potential TSXV approval; the closing of the Transaction; the closing of the NewCo Concurrent Financing; the closing of the NewCo Initial Financing; the exploration and potential of Mohave Project and Copper Hill Project; leadership team; availability of future capital; and the future investor rights of Teck and Kodiak and future offtake rights of Teck regarding NewCo. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will occur or prove to be correct. Since forward looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with: the ability of the parties to execute their business objectives related to the Transaction; the ability of the parties to negotiate and execute definitive agreements; the parties expectations regarding future results from Mohave and Copper Hill; the ability to obtain necessary capital for the NewCo Initial Financing and the NewCo Concurrent Financing; conditions in the equity financing markets; receipt of regulatory and shareholder approvals; the impact of increasing competition; the regulatory framework regarding royalties, taxes and environmental matters; the ability to achieve potential synergies and unlock value from the Transaction; and the nature of the proposed business of NewCo, including the exploration and production of natural resources.

Management has provided the above summary of risks and assumptions related to forward looking statements in this press release in order to provide readers with a more comprehensive perspective on the Company's future operations. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking statements are made as of the date of this press release, and, other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294790

Expanding The Team To Search For Gold And Critical Minerals In New Brunswick

MIRAMICHI, NB / ACCESS Newswire / April 29, 2026 / SLAM Exploration Ltd. (TSXV:SXL)(OTCQB:SXLXF) ("SLAM" or the "Company") is pleased to announce it has hired John Dinan, P.Geo. for the position of Exploration Manager to beef up its exploration team in the search for copper, nickel, cobalt, antimony and gold in the mineral-rich province of New Brunswick. SLAM is a Canadian resource company with 11 projects in a 56,000 hectare portfolio of gold and critical minerals in New Brunswick, Canada.

Having worked across Canada, Mr. Dinan brings 2 decades of experience to our exploration team. He held the position of Senior Geologist with Teck Resources Limited and Syncrude Canada prior to moving back to New Brunswick to work with the New Brunswick Department of Natural Resources. He holds a Bachelor of Science degree from the University of New Brunswick and is a member of the Association of Professional Engineers and Geoscientists of New Brunswick (APEGNB).

"Mr. Dinan brings a wealth of expertise to SLAM as we continue to build and advance our extensive portfolio of critical elements and gold in the mineral-rich province of New Brunswick," said Michael Taylor, CEO. "John's computer and AI skills will help guide our search for copper, nickel, cobalt, antimony, zinc and silver as well as gold in the Bathurst Mining Camp and other parts of the province."

Options Granted: SLAM's board of directors has approved the grant of incentive stock options ("Options") to employees to acquire a total of 300,000 common shares in the capital of the Company at an exercise price of $0.08. The Options were granted pursuant to the Company's 10% rolling stock option plan (the "Plan") and are subject to the terms of the Plan and the requirements of the TSX Venture Exchange. The Options are exercisable for a three-year term and expire on April 29, 2029.

About SLAM Exploration Ltd: SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. This portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp ("BMC") of New Brunswick. The Company drilled 10 holes in the 2025 diamond drilling campaign on the Goodwin copper-nickel-cobalt project. This followed significant copper, nickel and cobalt intercepts from 15 diamond drill holes reported by the Company in 2024. These include a 64.90 meter core interval, grading 2.19% Cu-Eq (copper-nickel-cobalt), including 3.84% Cu-Eq over a 31.20 meter core interval from hole GW24-02 as reported in a news release August 7, 2024. Significant gold values were also reported with up to 3.31 grams per tonne over 0.5m in hole GW24-01.

The Company is trenching gold soil targets with gold grading up to 0.464 g/t gold to the east and north of the No. 1 gold vein discovered by SLAM at Jake Lee in 2025. SLAM reported channel samples grading up to 40.5 g/t gold and 63.30 g/t silver from the new vein on January 14, 2026. The Jake Lee claims are located 25 kilometers southeast of the Clarence Stream gold deposit where Galway Metals Inc. Clarence Stream is host to a 12.4M tonne indicated resource of 922,000 ounces at a grade of 2.31 g/t gold plus an inferred resource of 16.1m tonnes with 1,334,000 ounces at a grade of 2.60 g/t gold. (Reference: "Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting (Canada) Ltd., March 31, 2022").

The Company reported an expansion of the soil coverage on the Menneval gold project on January 7, 2026. A gold soil anomaly extends approximately 3,000 meters by 2,500 meters with gold-bearing samples ranging from 0.005 grams per tonne ("g/t") to 0.683 g/t gold. The results indicate potential extensions to a swarm of quartz veins previously discovered by SLAM. The Company previously reported core intervals include 3,955 g/t gold over 0.1m from the No. 18 vein (December 03, 2020), as well as 162.5 g/t gold over 0.2 m (December 13, 2021) and 56.90 g/t gold over 0.5 m (November 22, 2022) from the Maisie vein.

The Company is a project generator and expects to receive significant cash and share payments in 2026. SLAM received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) in 2025 pursuant to the Wedge project agreement. Also in 2025, the Company received a cash payment of $60,000 as well as 180,000 shares of a private company pursuant to the Ramsay gold agreement. The Company holds NSR royalties and expects to receive additional cash and share payments on the Wedge copper zinc project and on the Ramsay gold project.

To view SLAM's corporate presentation, click SXL-Presentation. Additional information is available on SLAM's website and on SEDAR+ at www.sedarplus.ca. Follow us on X @SLAMGold. Join our company newsletter by clicking SXL-News to receive timely company updates and press releases relating to SLAM Exploration.

Qualifying Statements: Mike Taylor P.Geo, President and CEO of SLAM Exploration Ltd., is a qualified person as defined by National Instrument 43-101, and has approved the contents of this news release.

CONTACT INFORMATION:

Mike Taylor, President & CEOContact: 506-623-8960mike@slamexploration.com

Jimmy Gravel, Vice-PresidentContact 902-273-2387jimmy@slamexploration.com

Forward-Looking Statements

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are not historical facts and are generally, but not always, identified by words such as "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "may," "could," "would," "might," "will," and similar expressions.

Forward-looking statements in this news release include, without limitation, statements regarding: the planned diamond drilling and follow-up exploration in connection with the Company's recent gold discoveries at Jake Lee and Menneval. the advancement and development of the Goodwin Copper Nickel Cobalt project and the Company's plans to increase its visibility and accessibility to the U.S. investment community;

Forward-looking statements are based on a number of assumptions believed by the Company to be reasonable as of the date of this news release, including, without limitation: that the Company will be able to advance its projects as currently contemplated; that planned exploration activities, including diamond drilling, can be carried out as anticipated; that required contractors, equipment, personnel, permits and financing will be available on reasonable terms; that DTC eligibility and the OTCQB quotation will provide the expected benefits to the Company and its shareholder and that general business, market and economic conditions will remain supportive.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, without limitation: risks relating to the Company's ability to advance and develop its mineral projects; the speculative nature of mineral exploration and development; uncertainty regarding exploration results and the continuity, grade and extent of mineralization; delays or changes in planned exploration programs; the availability and cost of labour, equipment, contractors, financing and regulatory approvals; commodity price fluctuations; that DTC eligibility and the OTCQB listing may not result in increased liquidity, broadened investor participation or any other anticipated benefits; fluctuations in the market price or trading volume of the Company's securities; and general economic, market, industry and business conditions.

Readers are cautioned not to place undue reliance on forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct, and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.

SOURCE: SLAM Exploration Ltd.

View the original press release on ACCESS Newswire

Centrus Energy Corp. (LEU) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of -55%.

Revenues are expected to be $74.05 million, up 1.3% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 11.52% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction) — has this insight at its core.

How Have the Numbers Shaped Up for Centrus Energy?

For Centrus Energy, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -19.79%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that Centrus Energy will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Centrus Energy would post earnings of $1.42 per share when it actually produced earnings of $0.79, delivering a surprise of -44.37%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom Line

Centrus Energy doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected Results

Another stock from the Zacks Mining – Non Ferrous industry, Southern Copper (SCCO), is soon expected to post earnings of $1.77 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +48.7%. Revenues for the quarter are expected to be $4.26 billion, up 36.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Southern Copper has been revised 3.2% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Southern Copper will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Centrus Energy Corp. (LEU) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Copper equities fell 5.5% over the past week driven by a pullback in gold, a firming U.S. dollar, and a sharp oil rally, as markets digest the spillover effects of the war in Iran, RBC Capital Markets said Monday.

Sulfuric acid availability remains in focus as China plans to halt acid exports in May to prioritize domestic fertilizer and battery production. Prices are reaching about $1,000 per tonne, threatening leaching operations that represent 20% of global copper output, while operations in the Democratic Republic of Congo rely primarily on Middle Eastern acid.

Ivanhoe Mines (IVN.TO) stands out as a clear beneficiary of this acid supply squeeze, with the newly commissioned Kamoa-Kakula smelter producing 1,200 tonnes per day of acid that could generate over $400 million in annual byproduct revenues at spot prices.

Capstone Copper (CS.TO) and Lundin Mining (LUN.TO) face potential cost headwinds from their
Chilean leaching operations, although local supply chains and term contracts could provide insulation in the near term, RBC said.

Carbon Direct and Arca announce collaboration to accelerate the number and scale of carbon dioxide removal projects using Industrial Mineralization technology

NEW YORK & VANCOUVER, British Columbia, April 28, 2026–(BUSINESS WIRE)–Carbon Direct and Arca have announced a new collaboration to bring Arca's first-of-its-kind Industrial Mineralization (IMin) carbon dioxide removal (CDR) credits to market. Arca’s technology is the first field-scale system to accelerate carbon mineralization in mine waste, turning a major industry challenge into a scalable CDR solution.

Arca has validated the technology under real-world operating conditions and is currently generating data to support further development, with the potential to remove millions of tonnes of CO₂ over the coming decade. After completing an 18-month pilot in partnership with mining giant BHP that removed net CO₂ at high efficiency at an active mining site, Arca is now laying groundwork to deploy the technology at additional locations. In Australia, Arca has formed a partnership with the Tjiwarl Aboriginal Corporation to develop projects in Western Australia's Goldfields region.

When occurring naturally, carbon mineralization (also known as mineral carbonation) is a slow process whereby alkaline rocks react with and remove carbon dioxide from the atmosphere. Arca's CDR pathway, known as Industrial Mineralization (IMin), deploys proprietary techniques that accelerate carbon mineralization in alkaline rock waste from heavy industries like mining and steelmaking. This pathway leverages industrial expertise and infrastructure to durably store CO₂ as stable minerals for over 10,000 years, making this a high-quality scalable CDR solution.

Carbon Direct will serve as co-developer with Arca on future IMin projects, contributing scientific expertise and carbon market knowledge to deliver credits with the highest standards for durability, measurement, and verification. Arca's technology has already attracted the attention of major buyers, including Frontier, who provided an early prepurchase agreement, and Microsoft, who entered a 10-year CDR offtake agreement with Arca for nearly 300,000 tonnes.

"We're proud to collaborate with Arca to co-develop this unique solution that transforms one of the mining sector's biggest environmental challenges into real climate action," said Greg FitzGerald, Vice President of Supply at Carbon Direct. "Arca's Industrial Mineralization pathway accelerates a natural process that would otherwise take thousands of years, turning mining waste from a liability into a climate asset. Arca delivers what the market desperately needs: proven carbon mineralization at field scale with durable storage and advanced measurement – all while using existing mining infrastructure and land with minimal new equipment or energy requirements."

"Collaborating with Carbon Direct on new Industrial Mineralization projects will help us scale more quickly," said Paul Needham, CEO at Arca. "Our stakeholders, customers and industrial partners will value objective industry-leading expertise to de-risk decisions about projects, offtakes and new technology adoption. We look forward to working with Carbon Direct as a thought partner and enabler."

The mining industry generates billions of tonnes of alkaline rock waste annually, requiring environmental management. At this scale, the industry also presents a substantial opportunity to remove CO2. IMin offers a new paradigm for mining: one that would have improved economics and the potential for important environmental co-benefits such as tailings stabilization. With 16.5 billion tonnes of suitable legacy mining waste globally and 3 billion tonnes produced annually, Arca's technology can scale alongside mining operations worldwide.

Science-backed carbon removal credits from this pathway are available for forward offtake. Buyers interested in procuring high-quality CDRs from the project should visit the Carbon Direct website: https://www.carbon-direct.com/services/carbon-credits

About Carbon Direct

Carbon Direct is a trusted energy and climate solutions company that combines world-class scientific expertise, technical rigor, and market insights to help clients achieve their business goals. Our 70+ scientists work closely with our finance, policy, and market experts to design, diligence, and deliver decarbonization solutions across industries. From JPMorganChase to Microsoft, Carbon Direct helps leading companies with carbon dioxide removal, carbon measurement, firm, clean power opportunities, and low-carbon energy solutions.

About Arca

Arca is an Industrial Mineralization company that leverages pre-existing industrial infrastructure and alkaline waste to accelerate the natural process of carbon mineralization and permanently remove carbon dioxide from the atmosphere. Arca was founded on 20 years’ pioneering research at the University of British Columbia by Dr. Greg Dipple and is backed by some of the world’s leading climate technology investors. Arca is supported by several Canadian government departments and private philanthropic institutions and was a Milestone Award winner and Top 20 Finalist in the globally prestigious XPRIZE Carbon Removal competition. Arca’s cost-efficient system creates highly durable (10,000+ year) removals supported by robust third-party verification. By partnering with heavy industry like mining and steel production, Arca is building the foundation for gigatonne-scale carbon removal.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428726567/en/

Contacts

Carbon Direct Press Office: press@carbon-direct.com Arca Media: sean@arcaclimate.com

Wheaton Precious Metals Corp. (NYSE:WPM) is one of the best TSX stocks to buy according to hedge funds. On April 1, Wheaton Precious Metals Corp.’s (NYSE:WPM) wholly-owned subsidiary, Wheaton Precious Metals International Ltd. (WPMI), officially closed its silver streaming agreement with a wholly-owned subsidiary of BHP Group Limited. The transaction secured rights to BHP’s share of silver production from the Antamina Mine in Peru. Wheaton first announced this deal on February 16 and described it as the most valuable streaming transaction ever based on upfront consideration.

Under the agreement, WPMI paid BHP $4.3 billion upfront and will also make ongoing payments equal to 20% of the spot silver price for every ounce delivered. In return, WPMI receives the equivalent of BHP’s 33.75% share of payable silver from Antamina until a cumulative 100 million ounces have been delivered, after which the entitlement steps down to 22.5% for the remaining life of mine.

Wheaton said that the settlement is handled through metal credits rather than physical silver delivery. Put simply, BHP does not ship bars to Wheaton; rather, it transfers value equivalent to the agreed silver volumes.

For BHP, the deal monetizes silver as a by-product while allowing it to retain full exposure to Antamina’s copper, zinc, and lead production. These three are BHP’s primary interest in the mine, where it holds a 33.75% stake in the joint venture company, Compañía Minera Antamina S.A.

Wheaton Precious Metals Corp. (NYSE:WPM) is a precious metals streaming company. It provides upfront financing to mining operators in exchange for the right to purchase a portion of future production at predetermined prices. Its portfolio includes streaming agreements for gold, silver, and other metals across multiple mines globally.

While we acknowledge the potential of WPM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Rio Tinto Group RIO and Southern Copper Corporation SCCO are major players in the Zacks Mining – Miscellaneous industry. Both companies are focused on the extraction of minerals, including copper, iron, zinc, etc. Rio Tinto is headquartered in the United Kingdom, while SCCO is based in Phoenix, AZ.Both companies are engaged in capital-intensive mining businesses that require long-term project development, regulatory approvals and hefty investment in infrastructure and technology. Let’s take a closer look at their fundamentals, growth prospects and challenges.

The Case for RIO

The company delivered solid growth in copper production in the first quarter of 2026. Per the production results, RIO’s consolidated copper output rose 9% year over year in the quarter. The results were supported by the solid ramp-up at the Oyu Tolgoi site and strong performance at the Kennecott mine.Rio Tinto Group continues to make progress across its project pipeline. The company achieved its first copper output at the Johnson Camp mine in Arizona in December 2025 using its proprietary Nuton technology. This milestone highlights Nuton’s ability to deliver cleaner, faster and more efficient copper recovery at a commercial scale.The Johnson Camp deployment includes the design and delivery of a heap leach technology package, targeting approximately 30,000 tons of refined copper over a four-year demonstration period. RIO plans to use Nuton technology to produce copper at this site with the lowest carbon emissions in the US.Also, the company is actively collaborating with U.S. customers to strengthen the domestic copper supply. In 2026, the company expects its copper production to be 800-870 kt. In the first quarter, RIO’s iron ore operations in the Pilbara facility showed improvement, with production rising 9% from the previous year. The aluminum production also delivered encouraging results. RIO’s aluminum output rose 1% in the quarter, on a year-over-year basis, as refinery and smelter operations improved.In April 2026, Rio Tinto installed a new alumina conveyor at its BC Works smelter in Kitimat. The 1.1-km sealed system will carry around 800,000 tonnes of alumina each year and will reduce emissions by 40%.In March 2026, Rio Tinto announced its plans to extract gallium from its alumina refining process in Quebec. After producing its first gallium with Indium Corp. in 2025, the company plans to build a pilot plant in Canada, which is expected to begin operations in 2027. The project has received conditional funding support from Natural Resources Canada and the Government of Québec. If scaled to commercial production, the facility could produce about 40 tons of gallium annually.Also, in January 2026, Rio Tinto and Aluminum Corporation of China Limited (Chalco) entered into a deal to acquire Votorantim’s controlling stake in Brazilian aluminium company CBA through a joint venture. The joint venture will be owned 33% by Rio Tinto and 67% by Chalco. The deal will help RIO to expand its green aluminium footprint and strengthen its supply chain.Several major growth projects of the company are progressing as well. In March 2026, Rio Tinto secured a $1.175 billion financing package from International Finance Corp., IDB Invest, Export Finance Australia and Japan Bank for International Cooperation to support the development of the $2.5 billion Rincon lithium project in Salta Province, Argentina. The project is expected to produce about 60,000 tons of battery-grade lithium carbonate annually, with first production expected in 2028 and a 40-year mine life.Despite the overall solid performance, the company has faced some challenges and certain headwinds in early 2026. Weather-related disruptions in March 2026 affected iron ore shipments. Planned maintenance activities at some copper mining projects temporarily reduced output, while cost pressures from inflation and higher sustaining capital spending impacted margins.

The Case for SCCO

Southern Copper plans to invest more than $20.5 billion this decade, with most of it focused on Peru as the country is the world’s second-largest copper producer. This includes investments in Tia Maria – Arequipa, Los Chancas – Apurimac and Michiquillay – Cajamarca projects in Peru. The company’s Tia Maria project, with an annual capacity of 120,000 tons of SX- EW copper cathodes, is expected to start in 2027. This project will use state-of-the-art SX-EW technology with the highest international environmental standards. Peru’s Los Chancas project is slated to add 130,000 tons of copper starting in 2031. This will be followed by Michiquillay in 2032 with an expected 225,000 tons of copper. Michiquillay is expected to become one of Peru's largest copper mines with an expected mine life of more than 25 years. In Mexico, the El Pilar project is expected to contribute around 36,000 tons of copper cathodes annually. Its operation is expected to start in 2028 and the facility will use highly cost-efficient and environmentally friendly SX-EW technology. By 2030, El Arco in Mexico is expected to become operational. It is a world-class copper deposit located in the central part of the Baja California peninsula with ore reserves of more than 1,230 million tons with an average ore grade of 0.40% and 141 million tons of leach material with an average ore grade of 0.27%. The project includes an open-pit mine with a combined 120 ktpd concentrator and 28 ktpy SX-EW operations. The company also has several projects in its pipeline in Mexico, such as Angangueo, Chalchihuites and the Empalme Smelter, which could solidify its position as a fully integrated copper producer.However, Southern Copper’s total operating costs rose 9% year over year in 2025 due to an increase in other costs of sales, including workers’ participation, repairing materials (mainly heavy equipment spare parts), inventory variance and exchange rate variance.Also, high labor costs, along with ongoing inflation for repair materials, operating materials, inventory consumption, operation contractors and services, will likely continue to weigh on SCCO’s margins.

How Does the Zacks Consensus Estimate Compare for RIO & SCCO?

The Zacks Consensus Estimate for RIO’s 2026 sales implies a year-over-year increase of 12.8%, while the same for earnings per share (EPS) indicates growth of 25.6%. The company’s EPS estimates have increased 3.9% over the past 60 days for 2026.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SCCO’s 2026 sales and EPS implies year-over-year growth of 15.6% and 29.6%, respectively. The company’s EPS estimates for 2026 have increased 6.8% over the past 60 days.

Image Source: Zacks Investment Research

Price Performance and Valuation of RIO & SCCO

In the past six months, RIO’s shares have risen 38.3%, while SCCO stock has surged 30.4%.

Image Source: Zacks Investment Research

Rio Tinto is trading at a forward 12-month price-to-earnings ratio of 2.04X while Southern Copper’s forward earnings multiple sits at 9.86X.

Image Source: Zacks Investment Research

Final Take

Rio Tinto and Southern Copper are well placed to capitalize on long-term growth in the copper market, backed by strong asset portfolios and expanding production pipelines. RIO’s near- to mid-term prospects are supported by increasing copper output, progress at the Nuton-driven Johnson Camp project and its diversified presence in iron ore and aluminum, while Southern Copper’s growth outlook is anchored in a solid pipeline of large-scale projects expected to come online over the next decade.However, Rio Tinto’s attractive valuation makes it a better pick for investors than Southern Copper currently. Also, RIO stock outperformed SCCO in the past six months, reflecting stronger investor confidence. Both companies currently have a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Southern Copper Corporation (NYSE:SCCO) is one of the 10 New Contenders for S&P 500 Index.

On April 15, 2026, Wells Fargo lowered its price target on Southern Copper Corporation (NYSE:SCCO) from $192 to $186. The firm’s analyst Timna Tanners kept an Equal Weight rating on the company’s stock. The update was part of the firm’s adjustments to the sector estimates, following elevated copper price forecasts driven by mine disruptions and rising costs.

Southern Copper Corporation (NYSE:SCCO) saw another adjustment to its price target this month. On April 23, 2026, Scotiabank raised the firm’s price target on Southern Copper (SCCO) to $133 from $125 while keeping an Underperform rating on the company’s stock. According to the firm’s analyst, Scotiabank increased its price-to-NAV multiple for the company’s Mexican open-pit assets. The research notes also told the investors that the firm maintains a cautious outlook, citing a lack of attractive upside to current valuation levels. Notably, Southern Copper Corporation (NYSE:SCCO) is the largest pure-play copper miner that is not yet part of the S&P 500 index.

Founded in 1952, Southern Copper Corporation (NYSE:SCCO) is one of the world’s largest integrated copper producers in the world. The Arizona-based company engages in the development, production, and exploration of copper, molybdenum, zinc, and silver.

While we acknowledge the potential of SCCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None.  Follow Insider Monkey on Google News.

(L to R) Business Development Director (Latin America) Manfredo Manfredi, Co-Founder and CEO Gary Agnew, and Business Development Executive Juan Pablo Palacios represent Ideon Technologies in Santiago at the World Copper Conference in Santiago, April 2026.Ideon Technologies Business Development Director (Latin America) Manfredo Manfredi.

New Business Development Director Joins Team in Santiago

VANCOUVER, British Columbia, April 27, 2026–(BUSINESS WIRE)–Canadian subsurface intelligence leader Ideon Technologies today announced its official launch into the Chilean market, accelerating the company’s international growth and deepening its commitment to one of the world’s most strategically important mining regions.

With a proven record of deploying innovative, field-ready solutions for the world’s largest miners, Ideon is bringing the REVEAL™ Subsurface Intelligence Platform® to Chile to tackle the industry’s toughest subsurface decisions — faster. As the world’s largest copper producer, Chile is a leader in adopting advanced technologies that can drive sharper decisions in the face of rising complexity, deeper orebodies, and unrelenting productivity demands.

Ideon has partnered with companies including Rio Tinto, Freeport McMoRan, BHP, Glencore, and Vale Base Metals on programs spanning exploration, resource characterization, geotechnical engineering, cave mining, and heap leaching. "We build solutions that unlock faster, better decisions for our customers to be able to compress resource development times, improve recovery, and provide safer working environments," said Gary Agnew, Co-Founder and CEO at Ideon, speaking at the World Copper Conference in Santiago this month. "Chile is a global mining leader. We’re here to bring a new level of decision-grade subsurface intelligence to enable miner operators to solve the challenges that define the next decade."

To accelerate growth and execute its go-to-market strategy in Chile and across Latin America, Ideon has appointed Manfredo Manfredi as Business Development Director. Based in Santiago, Manfredo is a senior mining technology executive with more than 25 years of experience launching, scaling, and consulting for international deep-tech companies in the region, including LithologIQ, Envirosuite, Joy Global (Komatsu), Groundprobe, and Modular Mining Systems, among others.

"Chile accounts for approximately 21% of global copper reserves and 24% of total output," notes Manfredi. "Local mining investments are projected to exceed USD 104B by 2034, driven primarily by production expansion to meet rising global demand, it is critical that Chile leverage that investment to accelerate adoption of cutting-edge technology solutions. I look forward to supporting Ideon’s expansion in Latin America, helping mining companies scale up safely, efficiently, and sustainably."

The Ideon REVEAL™ Platform delivers subsurface intelligence end-to-end—combining proprietary, ruggedized hardware, integrated imaging systems, and AI-powered analysis. REVEAL uses naturally occurring sub-atomic particles called muons to see deep beneath the Earth’s surface and generate high-resolution, 3D and 4D subsurface models. The platform also includes patented multi-sensor fusion capabilities that streamline data collection and integration—so teams can move from uncertainty to decisions with speed and confidence.

The following Ideon REVEAL™ applications are available for activation in Chile:

REVEAL™ for Caving: Continuously image and track cave propagation, air gaps, and material flow in block cave operations to optimize production, reduce risk, and improve operational predictability.
REVEAL™ for Leaching: Rapidly optimize heap leach recovery by generating high-resolution 4D (time-lapse) density models that reveal fluid distribution within the pad, enabling more precise raffinate injection and improved metal extraction.
REVEAL™ for Resources: Enhance orebody knowledge by accurately characterizing and delineating mineralization, accelerating resource-to-reserve conversion and improving mine planning.
REVEAL™ for Geotech: Map and monitor subsurface structures and ground conditions to detect hazards, improve stability assessments, and enable safer mine design and operations.
REVEAL™ for Exploration: Rapidly identify and prioritize mineral targets by generating high-resolution 3D density models that reduce reliance on extensive drilling and improve discovery confidence.

Learn more (in English or Spanish) at www.ideon.ai.

About Ideon Technologies (www.ideon.ai)

Ideon Technologies uses energy from supernova explosions to see deep beneath the Earth’s surface. Ideon is the global leader in subsurface intelligence, pioneering the development and adoption of cosmic-ray muon tomography for industrial markets. By turning geophysical data into reliable, multi-dimensional subsurface models, Ideon helps geologists identify, map, characterize, and monitor geological features with confidence. This reduces the risk, cost, and time associated with traditional methods—while improving returns and minimizing environmental impact across the mining value chain. Ideon’s work is helping accelerate the world’s shift to low-impact mining and transform how companies find the critical minerals required to power the clean-energy transition—improving lives and strengthening economic prosperity.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260427753554/en/

Contacts

Media Contact: Ideon Technologies: Kim Lawrence | Email: Klawrence@ideon.ai

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