FREEPORT, Texas, May 7, 2026 /PRNewswire/ — Diamond Infrastructure Solutions today announced a request for quotes (RFQ) as part of an initiative to modernize its power and steam supply at its Freeport, Texas site. Through the RFQ, Diamond has launched a competitive partner engagement process and is actively soliciting proposals from experienced developers and technology providers to advance the company plans to deliver next‑generation facilities and reinforce its long‑term commitment to providing resilient, efficient, and sustainable energy services to customers at the Freeport complex.

The project will retire two legacy cogeneration plants and replace them with advanced, purpose‑built assets designed to support long‑term, reliable industrial operations expected to begin operating in 2032. The new facilities are expected to provide baseload power, along with critical steam supply, significantly enhancing efficiency, availability, and operational flexibility across the Freeport site.

The project reflects Diamond's continued investment in modernizing the Freeport energy platform while maintaining continuity of operations throughout the transition. The new facilities will be designed to integrate with existing transmission infrastructure and to accommodate future fuel flexibility, supporting evolving operational needs and sustainability objectives.

The company expects to advance the project later this year following a rigorous evaluation process.

The RFQ is available to qualified respondents through June 25th, 2026.

Media Contact: Jeffrey Eagle Email: jeagleii@diamondinfra.com

About Diamond Infrastructure Solutions Diamond Infrastructure Solutions is an independent, infrastructure‑focused operating company delivering essential services to industrial customers across the U.S. Gulf Coast. Built on a foundation of world‑class operational excellence, Diamond provides power and steam generation, environmental operations, site infrastructure, pipelines, and storage solutions that enable reliable, efficient, and resilient industrial operations. With strategic assets located in Texas and Louisiana, Diamond partners with customers to support growth, modernization, and long‑term performance across critical manufacturing and infrastructure sites.

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Harmony Gold Mining Company Limited (NYSE:HMY) is one of the top cheap stocks to buy with the biggest upside potential. Harmony Gold Mining Company Limited (NYSE:HMY) announced on April 29 that the MSCI upgraded the company’s environmental, social, and governance (ESG) rating from ‘BB’ to ‘A’ after its most recent assessment in March 2026. Management stated that the improvement points towards the company’s bolstered performance across key ESG pillars, and is supported by measurable progress in toxic emissions and waste reduction, water management, and enhanced governance practices.

Harmony Gold Mining Company Limited (NYSE:HMY) further reported that its environmental pillar score improved from 3.0 to 5.1, while its social score improved from 2.4 to 4.7, which shows concrete progress in community relations, operational efficiency, and employee engagement. In addition, governance remains a “core strength”, according to the company, with a consistently high score of 7.4.

In a separate development, Harmony Gold Mining Company Limited (NYSE:HMY) was upgraded to Overweight from Equal Weight by Morgan Stanley on April 16, with the firm lifting the price target on the stock to ZAR 34,000 from ZAR 30,000.

Harmony Gold Mining Company Limited (NYSE:HMY) is a gold mining and exploration company with a copper footprint that includes an open-pit mining operation, nine deep-level mines, and a number of surface retreatment facilities. Its operations are divided into the following segments: Tshepong North, Tshepong South, Moab Khotsong, Joel, Doornkop, Target 1, Kusasalethu, Masimong, Mponeng, Mine Waste Solutions, and Hidden Valley.

While we acknowledge the potential of HMY 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.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

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Coeur Mining, Inc. CDE is expected to post year-over-year growth in earnings when it reports first-quarter 2026 results on May 6, after market close.

The consensus mark for earnings has moved down over the past 60 days to 37 cents per share for the quarter. The figure indicates solid 236.4% year-over-year growth.

Image Source: Zacks Investment Research

CDE’s Earnings Surprise History

CDE’s earnings performance has been mixed in recent quarters. Earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the mark in the other two, delivering an average surprise of 108.6%.

Image Source: Zacks Investment Research

What the Zacks Model Unveils for CDE

Our proven model does not conclusively predict an earnings beat for CDE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here.

Earnings ESP: The Earnings ESP for CDE is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Zacks Rank: CDE currently has a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here. 

Factors Likely to Have Shaped CDE's Q1 Performance

Coeur Mining entered 2026 on the back of a very strong operational and financial recovery in 2025, which is critical to the first-quarter 2026 performance. The company reported record fourth-quarter 2025 revenue of about $674.7 million and net income of $215 million, supported by higher production and strong gold and silver prices. 

The last quarter likely reflected peak operational momentum driven by record production, strong free cash flow generation and improved balance sheet strength. This strong exit rate provides a favorable base for the first quarter of 2026. At the operational level, several mine-level dynamics are likely to have shaped first-quarter earnings. Growth at the Rochester mine and a full quarter contribution from the Las Chispas operation are expected to support production volumes in 2026.  

However, the first quarter in mining is often seasonally weaker due to weather disruptions and maintenance cycles, which could have affected sequential performance even if year-over-year growth remains strong. It could see variability due to grade fluctuations, timing of ore sequencing and ongoing optimization efforts at these assets. 

Precious metal prices are a key driver for the current quarter. The company benefited from elevated gold and silver prices through 2025, which significantly boosted revenue and margins. This is expected to have continued in the first quarter as well, with gold and silver prices being higher on a year-over-year basis during this period.   

CDE Stock’s Price Performance & Valuation

Shares of CDE are up 223.9% in the past year compared with the industry’s 79.6% growth.

CDE has outpaced miners like Ero Copper Corp. ERO, Southern Copper Corporation SCCO and Lundin Mining Corporation LUNMF, which have gained 98.4%, 93.3% and 204.8%, respectively, in the past year.

Image Source: Zacks Investment Research

CDE is currently trading at a forward 12-month price/earnings ratio of 11.38X at a discount to industry's 21.5X.

Image Source: Zacks Investment Research

Investment Thesis for CDE Stock

Coeur Mining is well-positioned for strong momentum, with balanced exposure to gold and silver through Rochester and Las Chispas. Elevated gold prices enhance cash generation despite ongoing sustaining capital. Strategic investments in mine-life extension strengthen long-term reserve visibility and asset value. However, typical seasonal weakness, operational variability and potential fluctuations in gold and silver prices may limit sequential upside. Strong liquidity and reduced leverage enhance resilience and support ongoing growth investments, reinforcing a constructive near-term outlook despite short-term uncertainties. 

Final Thoughts: Hold CDE Shares

The first quarter of 2026 for Coeur Mining is likely to reflect a transition from the exceptionally strong finish to 2025, with performance shaped by seasonal softness, mine-level variability and fluctuations in gold and silver prices. While production should remain supported by continued progress at Rochester and a full-quarter contribution from Las Chispas, factors such as weather disruptions, ore sequencing and optimization efforts could weigh on results. The company’s stronger balance sheet and liquidity position provide stability, even if realized pricing sees some volatility. The balance of resilient fundamentals and near-term uncertainties suggests that a hold stance is appropriate for investors.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

Coeur Mining, Inc. (CDE) : Free Stock Analysis Report

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

Ero Copper Corp. (ERO) : Free Stock Analysis Report

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

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Why Southern Copper’s latest earnings are drawing fresh attention

Southern Copper (SCCO) has moved into focus after reporting record first quarter 2026 results, including sales of US$4.25b and net income of about US$1.58b, alongside a leadership transition to a new CEO.

See our latest analysis for Southern Copper.

Despite the strong first quarter and CEO transition, Southern Copper’s recent share price performance has cooled, with a 7 day share price return showing a 5.1% decline and a 90 day share price return showing a 10.5% decline, while the 1 year total shareholder return of 98.9% and 5 year total shareholder return of 193.8% point to powerful longer term momentum.

If you are looking beyond Southern Copper and want more mining exposure tied to electrification trends, it could be worth scanning 8 top copper producer stocks

With record Q1 earnings, a US$171.18 share price, and recent declines after a strong 1 year run, the key question is whether Southern Copper now trades below its underlying value or if the market is already pricing in future growth.

Most Popular Narrative: 5.3% Overvalued

Southern Copper’s last close at $171.18 sits above the most followed fair value estimate of $162.54, which is built using a relatively conservative growth and discount framework.

Southern Copper has announced substantial capital investments totaling over $15 billion, including projects in Mexico and Peru, which are expected to drive future production growth and potentially boost revenue significantly. Expansion projects such as Tia Maria, Los Chancas, and Michiquillay are progressing, with expectations for additional production capacity, which could positively impact revenue and earnings starting in 2027 through 2030.

Read the complete narrative.

Curious how a premium P/E, gradual revenue growth and higher long term margins still arrive at only a small gap to today’s price? The narrative leans on sustained profitability, ambitious capacity additions and a specific discount rate to reconcile that $162.54 fair value with recent earnings strength. The full storyline shows how those pieces fit together over several years rather than just this record quarter.

Result: Fair Value of $162.54 (OVERVALUED)

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

However, this story can change quickly if U.S.-China trade tensions flare or if project disruptions and rising costs squeeze the margins analysts are banking on.

Find out about the key risks to this Southern Copper narrative.

Next Steps

With sentiment clearly mixed between impressive recent returns and fresh earnings strength on one side and flagged risks on the other, it makes sense to review the numbers, projections and narratives for yourself before forming a view. You can start with the 2 key rewards and 1 important warning sign

Looking for more investment ideas?

If Southern Copper has sharpened your interest, do not stop here. A wider watchlist can help you spot opportunities before they move out of reach.

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 SCCO.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.

  • If you are wondering whether Southern Copper’s current share price lines up with its underlying value, this breakdown will help you put the recent performance into context.
  • The stock last closed at US$171.18, with a 1 year return of 99.0% and a year to date gain of 16.1%, even as the 7 day and 30 day returns show declines of 5.1% and 3.7% respectively.
  • Recent headlines around Southern Copper have continued to focus on its position in the copper market and the broader interest in metals linked to electrification. This keeps attention on the stock even when short term returns soften. At the same time, investors are weighing this backdrop against valuation metrics to decide whether the strong 3 year and 5 year returns of 153.9% and 193.8% already reflect much of that story.
  • Despite this performance, Southern Copper currently holds a valuation score of 0 out of 6. The next sections will walk through what different valuation methods say about the stock and then finish with a broader way to think about value that goes beyond the usual ratios.

Southern Copper scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Southern Copper Discounted Cash Flow (DCF) Analysis

The Discounted Cash Flow model estimates what a company is worth by projecting its future cash flows and discounting them back to today, so you can compare that value to the current share price.

For Southern Copper, the 2 Stage Free Cash Flow to Equity model starts with last twelve months free cash flow of about $4.29b. Analysts provide free cash flow estimates for the next several years, and Simply Wall St extends these out further. For example, projected free cash flow for 2030 is $7.23b, with intermediate years between 2026 and 2035 ranging from about $4.87b to $8.36b before discounting.

After discounting these projected cash flows back to today, the model arrives at an estimated intrinsic value of about $140.98 per share. Compared with the recent share price of $171.18, this suggests the stock is around 21.4% overvalued on this DCF view.

Result: OVERVALUED

Our Discounted Cash Flow (DCF) analysis suggests Southern Copper may be overvalued by 21.4%. Discover 50 high quality undervalued stocks or create your own screener to find better value opportunities.

SCCO Discounted Cash Flow as at May 2026

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

Approach 2: Southern Copper Price vs Earnings

For a profitable company like Southern Copper, the P/E ratio is a useful way to gauge how much you are paying for each dollar of current earnings. Investors generally accept a higher P/E when they expect stronger earnings growth or see lower risk, while slower growth or higher risk usually justifies a lower, more conservative P/E.

Southern Copper currently trades on a P/E of 28.48x. That sits above the Metals and Mining industry average of 22.15x and also above the broader peer average of 20.72x. To go a step further, Simply Wall St calculates a proprietary “Fair Ratio” of 26.86x for Southern Copper, which reflects factors such as its earnings growth profile, profit margins, industry, market cap and company specific risks.

This Fair Ratio aims to be more tailored than a simple comparison with peers or the industry because it adjusts for the company’s own fundamentals rather than treating all miners as identical. Against this 26.86x Fair Ratio, Southern Copper’s current 28.48x P/E looks somewhat elevated, suggesting the shares trade at a premium to what this model implies.

Result: OVERVALUED

NYSE:SCCO P/E Ratio as at May 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 17 top founder-led companies.

Upgrade Your Decision Making: Choose your Southern Copper Narrative

Earlier it was mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St let you turn your view of Southern Copper into a clear story that connects assumptions about future revenue, earnings and margins to a forecast, a Fair Value and then a simple comparison with today’s price. This all happens inside the Community page used by millions of investors, with each Narrative updating automatically when fresh news or earnings arrive. For example, one investor might build a bullish Southern Copper Narrative closer to the higher fair value area around US$233.07 based on expectations for strong cash generation and a richer future P/E. Another might choose a more cautious Narrative nearer the low end around US$67.81 that leans on the risk of production headwinds and a lower future P/E. By seeing these side by side, you can quickly decide whether your own Fair Value says the current US$171.18 price looks high, low or about right for your next buy or sell decision.

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

Think of these as quick snapshots that show how different assumptions about growth, margins and risks can lead to very different ideas of fair value. Your job is to decide which version of the story feels closer to your own expectations.

🐂 Southern Copper Bull Case

Fair value: US$233.07

Gap to this fair value: shares are about 26.5% below this estimate using the current US$171.18 price.

Revenue growth used in the forecast: 13.45% a year.

  • Assumes major growth projects and demand linked to electrification support higher volumes and help keep revenue and earnings expanding.
  • Credits Southern Copper with a low cost position, firm margins and ESG work that could support stronger stakeholder support over time.
  • Accepts a richer future P/E multiple to get to a higher fair value, while still flagging meaningful geopolitical, project execution and environmental risks.

🐻 Southern Copper Bear Case

Fair value: US$162.54

Gap to this fair value: shares sit about 5.3% above this estimate using the current US$171.18 price.

Revenue growth used in the forecast: 4.84% a year.

  • Builds in steady but more moderate revenue and earnings growth, with some disagreement between analysts on how strong earnings might be.
  • Assumes capital spending and cost pressures, plus issues such as tariffs and higher expenses, could weigh on margins compared with the most optimistic views.
  • Uses a lower future P/E multiple than the bullish view and concludes that, on these inputs, the current share price already comes in above the central fair value estimate.

These two Narratives show how the same company can look either ahead of itself or with room to run depending on what you believe about future copper demand, project delivery and what P/E the market is willing to pay.

If you want to see how other investors are joining the dots between earnings forecasts, fair value and risks, and how they are updating their views as new news arrives, See what the community is saying about Southern Copper.

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

NYSE:SCCO 1-Year Stock Price Chart

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 SCCO.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.

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.

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.

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.

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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.

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 press release.

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.

READ NEXT: 11 Best TSX Stocks to Buy According to Hedge Funds and 8 Best Australian Stocks to Buy in 2026.

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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.

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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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NEW YORK, NY / ACCESS Newswire / April 30, 2026 / Graphene Manufacturing Group Ltd. (OTCQX:GMGMF) ("GMG" or the "Company"), a clean-technology innovator focused on graphene production and energy-saving solutions, has signed a comprehensive media partnership with New to The Street, one of the largest financial media platforms in the world.

Under the agreement, GMG will be featured in a multi-part, long-form interview series designed to provide investors with deep insight into the Company's proprietary graphene technology, commercialization strategy, and global market opportunity. The campaign will include national television broadcasts as sponsored programming on Bloomberg and Fox Business, delivering broad exposure to retail and institutional audiences.

In addition to television, GMG will benefit from high-impact outdoor billboard placements across New York City's most iconic financial districts, including Times Square and the Reuters Building. These placements are designed to drive brand visibility and reinforce investor awareness at scale.

The partnership also incorporates earned media support and full integration into the NewsOut platform, where GMG's key announcements will be distributed through professionally produced video press releases. These segments will be amplified across digital and social channels, including New to The Street TV, which reaches over 4.56 million subscribers globally.

"Graphene Manufacturing Group represents a next-generation materials company with real-world applications and scalability," said Vince Caruso, Co-Founder of New to The Street. "Our platform is built to translate complex technologies into clear, investable narratives-and then deliver those stories at scale across television, digital, and outdoor media."

The campaign is expected to begin immediately, with coordinated television broadcasts, billboard activations, and NewsOut releases rolling out in the coming weeks.

About Graphene Manufacturing Group Ltd. (OTCQX: GMGMF)Graphene Manufacturing Group Ltd. is a clean-technology company focused on producing high-quality graphene and developing energy-saving and energy-storage solutions. Leveraging proprietary production processes, GMG is advancing applications across batteries, coatings, and industrial efficiency technologies.

About New to The StreetNew to The Street is a premier financial media brand delivering long-form interviews, national television broadcasts as sponsored programming on Bloomberg and Fox Business, and one of the largest YouTube audiences in the business space. The platform combines television, digital, social media, and outdoor advertising to provide companies with unmatched visibility and investor engagement.

Media Contact:Monica BrennanNew to The StreetMonica@NewtoTheStreet.com

SOURCE: New to The Street

View the original press release on ACCESS Newswire

Freeport-McMoRan Inc. (NYSE:FCX) is one of Goldman Sachs top gold stock picks. On April 24, analysts at Morgan Stanley downgraded Freeport-McMoRan Inc. (NYSE:FCX) to an Equalweight from Overweight. It also lowered its price target to $66 from $70.

Pixabay/Public Domain

The downgrade and price target cut come amid concerns that the long-term prospects for Freeport-McMoRan Grasberg Block Cave remain unchanged. In addition, the research firm expects a slow production ramp at the mine and higher costs to weigh on the stock. Therefore, the new price target accounts for depressed results due to the slower ramp-up in Indonesia.

Similarly, Freeport-McMoRan delivered robust first-quarter 2026 results driven by elevated gold and copper prices. It also achieved strong performance in its North American operations. The company posted net income attributed to common stock of $881 million or 61 cents a share. Revenue in the quarter was up 8.8% to $6.23 billion. The company sold 657 million pounds of copper, 121,000 ounces of gold, and 24 million pounds of molybdenum.

Freeport-McMoRan Inc. (NYSE:FCX) is a leading global mining company that operates the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold mines. As a major byproduct of its copper operations, the company is a top-tier gold producer, with expected annual output of roughly 900,000 to 1.3 million ounces of gold.

While we acknowledge the potential of FCX 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.

READ NEXT: 11 Best TSX Stocks to Buy According to Hedge Funds and 8 Best Australian Stocks to Buy in 2026.

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Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge.

  • Freeport-McMoRan (NYSE:FCX) is drawing attention as copper demand linked to technology, especially satellite infrastructure, gains momentum.
  • The anticipated SpaceX IPO is sharpening focus on how global connectivity projects could rely on copper intensive hardware.
  • This shifts the narrative around NYSE:FCX toward potential exposure to next generation tech infrastructure rather than only traditional mining demand.

For you as an investor, the key point is that NYSE:FCX sits at the intersection of raw materials and expanding digital connectivity. Copper is a core input for power, data transmission, and complex electronics, which are central to satellite networks and related ground systems. As satellite constellations and tech heavy infrastructure buildouts progress, copper’s role in the supply chain is getting more attention.

This emerging link between copper and space based connectivity could influence how markets think about NYSE:FCX over time, not just as a miner but as a supplier to critical tech plumbing. It does not change the company’s core business, but it offers another lens for understanding where demand might come from and how tech sector activity could matter for a traditional commodity name.

Stay updated on the most important news stories for Freeport-McMoRan by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Freeport-McMoRan.

NYSE:FCX 1-Year Stock Price Chart

See which insiders are buying and buying and selling Freeport-McMoRan following this latest news.

Quick Assessment

  • ✅ Price vs Analyst Target: At US$56.93 against a US$67.90 analyst target, the price sits about 16% below consensus.
  • ✅ Simply Wall St Valuation: Shares are described as trading around 39.6% below an estimated fair value.
  • ✅ Recent Momentum: The 30 day return of roughly 4.2% shows the price has been moving higher recently.

There is only one way to know the right time to buy, sell or hold Freeport-McMoRan. Head to Simply Wall St’s
company report for the latest analysis of Freeport-McMoRan’s Fair Value.

Key Considerations

  • 📊 This tech driven copper demand angle ties NYSE:FCX to satellite and connectivity buildouts instead of only traditional industrial uses.
  • 📊 Watch how copper price trends, capex plans in satellite infrastructure and NYSE:FCX’s P/E of about 30x versus the sector’s 21.8x evolve relative to this story.
  • ⚠️ Recent significant insider selling has been flagged as a risk, which you may want to weigh against any excitement around tech related copper demand.

Dig Deeper

For the full picture including more risks and rewards, check out the
complete Freeport-McMoRan analysis. Alternatively, you can visit the
community page for Freeport-McMoRan to see how other investors believe this latest news will impact the company’s narrative.

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 FCX.

Freeport-McMoRan (FCX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this mining company have returned -1% over the past month versus the Zacks S&P 500 composite's +12.2% change. The Zacks Mining – Non Ferrous industry, to which Freeport-McMoRan belongs, has gained 4.5% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings Estimates

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Freeport-McMoRan is expected to post earnings of $0.57 per share, indicating a change of +5.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -10.6% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $2.51 points to a change of +41.8% from the prior year. Over the last 30 days, this estimate has changed -3.2%.

For the next fiscal year, the consensus earnings estimate of $3.39 indicates a change of +34.8% from what Freeport-McMoRan is expected to report a year ago. Over the past month, the estimate has changed +7.5%.

With an impressive externally audited track record, our proprietary stock rating tool — the Zacks Rank — is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Freeport-McMoRan.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth Forecast

While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Freeport-McMoRan, the consensus sales estimate for the current quarter of $6.66 billion indicates a year-over-year change of -12.1%. For the current and next fiscal years, $27.61 billion and $31.6 billion estimates indicate +6.6% and +14.4% changes, respectively.

Last Reported Results and Surprise History

Freeport-McMoRan reported revenues of $6.23 billion in the last reported quarter, representing a year-over-year change of +8.8%. EPS of $0.57 for the same period compares with $0.24 a year ago.

Compared to the Zacks Consensus Estimate of $5.61 billion, the reported revenues represent a surprise of +11.05%. The EPS surprise was +21.28%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

Valuation

Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Freeport-McMoRan is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom Line

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Freeport-McMoRan. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

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

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

Zacks Investment Research

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

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.

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.

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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

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.

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.

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.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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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.

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.

SOURCE: SLAM Exploration Ltd.

View the original press release on ACCESS Newswire

Toronto, ON, Canada, April 29, 2026 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V : CCB) (OTC: BRUZF) (Frankfurt: U7N1) announces that it has granted options (each, an “Option”) to purchase an aggregate of up to 1,650,000 common shares in the capital of the Company (each, a “Common Share”) to certain officers of the Company. Each Option is exercisable into one Common Share at $0.05 per share for a period of five years from the date of grant. The Options vest immediately and are granted in accordance with the Company’s equity incentive plan.

CANADA CARBON INC.“Arran Thorpe”Chief Executive Officer and Director

For further information please contact:CANADA CARBON INC.E-mail inquiries: info@canadacarbon.com

“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 STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Freeport-McMoRan Inc. (NYSE:FCX) is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 24, 2026, UBS raised its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $74 from $66 and maintained a Buy rating. Meanwhile, Morgan Stanley took a more cautious stance, downgrading Freeport-McMoRan Inc. (NYSE:FCX) to Equal Weight from Overweight while cutting its price target to $66 from $70. The firm said the long-term outlook for the Grasberg Mine remains intact, but a slower production ramp-up and temporarily higher costs are likely to weigh on shares in the near term. Morgan Stanley also lowered estimates to reflect reduced output from Indonesia and said the stock now offers a more balanced risk-reward profile.

On April 23, 2026, Jefferies lowered its price target on Freeport-McMoRan Inc. (NYSE:FCX) to $75 from $76 while maintaining a Buy rating. The firm updated its model to reflect changes to Grasberg guidance and estimated a negative $2.2 billion impact on net present value. Jefferies said recovery will take time, but still sees Freeport as a long-term way to gain exposure to rising copper prices.

Also on April 23, Freeport reported Q1 adjusted EPS of 57 cents, beating consensus estimates of 47 cents, while revenue rose to $6.23 billion from expectations of $5.96 billion. CEO Kathleen Quirk said the company delivered higher revenue, cash flow, and earnings despite reduced capacity in Indonesia and remains focused on safely restoring operations at Grasberg, improving efficiency across its Americas operations, and advancing its long-term growth pipeline.

Pixabay/Public Domain

Freeport-McMoRan Inc. (NYSE:FCX) mines copper, gold, molybdenum, silver, and other metals across North America, South America, and Indonesia.

While we acknowledge the potential of FCX 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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The Canadian market is experiencing a complex landscape, with retail sales showing mixed signals and central banks maintaining a cautious stance on interest rates amid geopolitical tensions. In this environment, dividend stocks can offer investors potential stability and income, making them an attractive option as they navigate the uncertainties of 2026.

Top 10 Dividend Stocks In Canada

Name Dividend Yield Dividend Rating
Wajax (TSX:WJX) 4.32% ★★★★★☆
Rogers Sugar (TSX:RSI) 5.62% ★★★★★☆
Pulse Seismic (TSX:PSD) 11.11% ★★★★★☆
Pizza Pizza Royalty (TSX:PZA) 5.94% ★★★★☆☆
Manulife Financial (TSX:MFC) 3.69% ★★★★★☆
IGM Financial (TSX:IGM) 3.37% ★★★★★☆
Hemisphere Energy (TSXV:HME) 5.55% ★★★★☆☆
Firm Capital Mortgage Investment (TSX:FC) 8.33% ★★★★★☆
Canadian Natural Resources (TSX:CNQ) 4.07% ★★★★★☆
AGF Management (TSX:AGF.B) 3.47% ★★★★★☆

Click here to see the full list of 14 stocks from our Top TSX Dividend Stocks screener.

Let’s uncover some gems from our specialized screener.

Canadian Natural Resources

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Canadian Natural Resources Limited is involved in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids across Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa with a market cap of CA$126.65 billion.

Operations: Canadian Natural Resources Limited’s revenue segments include Oil Sands Mining and Upgrading (CA$17.45 billion), Exploration and Production – North America (CA$18.95 billion), Midstream and Refining (CA$761 million), Exploration and Production – North Sea (CA$337 million), and Exploration and Production – Offshore Africa (CA$187 million).

Dividend Yield: 4.1%

Canadian Natural Resources offers a reliable dividend yield of 4.07%, supported by a payout ratio of 45.4% and a cash payout ratio of 62.7%. The company has consistently increased its dividends over the past 26 years, recently raising its quarterly dividend to C$0.625 per share. Despite significant insider selling, CNQ’s stable earnings and recent revenue growth bolster its dividend sustainability, while ongoing share buybacks reflect management’s confidence in the company’s financial health.

TSX:CNQ Dividend History as at Apr 2026Olympia Financial Group

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Olympia Financial Group Inc., with a market cap of CA$289.99 million, operates in Canada as a non-deposit taking trust company through its subsidiary, Olympia Trust Company.

Operations: Olympia Financial Group Inc. generates revenue through several segments, including Investment Account Services (IAS) at CA$77.07 million, Health at CA$10.33 million, Currency and Global Payments (CGP) at CA$5.18 million, Corporate and Shareholder Services (CSS) at CA$4.67 million, Raisr at CA$1.58 million, and Corporate services contributing CA$0.04 million.

Dividend Yield: 5.9%

Olympia Financial Group’s dividend yield of 5.9% ranks in the top 25% of Canadian payers, yet its sustainability is questionable due to a high cash payout ratio of 98.8%. Despite increasing dividends over the past decade, payments have been volatile and not well covered by free cash flows. Recent earnings showed a decline, with revenue at C$98.86 million and net income at C$19.86 million for 2025, impacting future dividend reliability.

TSX:OLY Dividend History as at Apr 2026Alphamin Resources

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates, with a market capitalization of CA$1.73 billion.

Operations: Alphamin Resources Corp. generates revenue of $620.89 million from the production and sale of tin from its Bisie Tin Mine.

Dividend Yield: 5.8%

Alphamin Resources offers a dividend yield of 5.8%, placing it among the top 25% in Canada. The dividends are well-covered by earnings and cash flows, with payout ratios of 69.3% and 40%, respectively. However, its dividend history is unstable, with payments being volatile over the past four years despite recent growth in earnings to US$147.96 million for 2025 from US$100.78 million previously, suggesting potential for future stability if trends continue positively.

TSXV:AFM Dividend History as at Apr 2026Next Steps

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Contemplating Other Strategies?

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 TSX:CNQ TSX:OLY and TSXV:AFM.

This article was originally published by Simply Wall St.

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