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With the business potentially at an important milestone, we thought we'd take a closer look at Andromeda Metals Limited's (ASX:ADN) future prospects. Andromeda Metals Limited operates as a mineral exploration company in Australia. With the latest financial year loss of AU$7.3m and a trailing-twelve-month loss of AU$5.4m, the AU$38m market-cap company alleviated its loss by moving closer towards its target of breakeven. As path to profitability is the topic on Andromeda Metals' investors mind, we've decided to gauge market sentiment. In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

According to some industry analysts covering Andromeda Metals, breakeven is near. They anticipate the company to incur a final loss in 2026, before generating positive profits of AU$34m in 2027. The company is therefore projected to breakeven around 2 years from today. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 104%, which is extremely buoyant. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict.

ASX:ADN Earnings Per Share Growth May 21st 2025

Given this is a high-level overview, we won’t go into details of Andromeda Metals' upcoming projects, but, bear in mind that by and large a metal and mining business has lumpy cash flows which are contingent on the natural resource mined and stage at which the company is operating. This means, large upcoming growth rates are not abnormal as the company is beginning to reap the benefits of earlier investments.

See our latest analysis for Andromeda Metals

Before we wrap up, there’s one aspect worth mentioning. Andromeda Metals currently has no debt on its balance sheet, which is rare for a loss-making metals and mining company, which typically has high debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company.

Next Steps:

This article is not intended to be a comprehensive analysis on Andromeda Metals, so if you are interested in understanding the company at a deeper level, take a look at Andromeda Metals' company page on Simply Wall St. We've also compiled a list of essential aspects you should look at:

Historical Track Record: What has Andromeda Metals' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Andromeda Metals' board and the CEO’s background.

Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

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

UK (UKEF) and Finish (FINNVERA) export credit agencies have expressed their interest to support the Guben Lithium Converter project with up to EUR 150 million in credit guarantees.
In addition to the proposed senior debt tranche from the European Investment Bank (EIB), Export Credit Agency (ECA) support represents a vital component of the debt financing structure for large-scale infrastructure projects like the Guben Converter.
Amidst market turmoil and Lithium price uncertainty Rock Tech's Guben Converter – a strategic project under the EU's Critical Raw Materials Act – remains the largest committed stand-alone Lithium refinery project in Europe.

TORONTO, May 21, 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce it has received up to EUR 150m in government-backed support from export credit agencies via conditional, non-binding expressions of interest. Specifically, UK Export Finance (UKEF) and the Finnish export credit agency (Finnvera) have expressed their interest to support the Guben Converter. In addition, discussions with further export credit agencies from Europe, Australia and China are ongoing to support the procurement of key equipment items from these countries. ECA support will be additional to the proposed European Investment Banks's (EIB) senior debt tranche of EUR 150 million (as announced by the Company in a previous press release).

RCK announces ECA support. (CNW Group/Rock Tech Lithium Inc.)

"We welcome the strong backing from Export Credit Agencies in supporting the Guben Converter project. Their engagement reflects confidence in our vision, the business case and the strategic importance of this facility for Europe's green energy transition," says Chris Wright, Rock Tech's CFO.

In detail, the debt financing will benefit from the project's European sourcing scheme, making the project eligible for credit guarantees from major European export credit agencies. Large packages for supplies and services are to be contracted with business & procurement partners based in United Kingdom and Finland, and other EU countries. Subject to the due diligence being completed concurrently in accordance with their policies and applicable OECD consensus guidelines by the lending consortium and the ECAs, UKEF and Finnvera have expressed their initial interest in supporting the project via guarantees towards the lenders.

About the Guben Converter

The Guben Lithium Converter is a pioneering facility in Guben, Brandenburg, Germany, by the German-Canadian company Rock Tech Lithium Inc. This plant is set to become Europe's first commercial lithium hydroxide refinery, aiming to produce 24,000 tonnes of battery-grade lithium hydroxide annually—enough to supply over 500,000 electric vehicles per year.

Strategically located near major automotive and battery manufacturing hubs the Guben Converter is designed to strengthen Europe's battery supply chain by processing spodumene concentrate secured via leading trading partner C&D Logistics (Qingdao) Co., Ltd. The Converter will utilize advanced crystallization technologies, supplied by GEA Group AG, to ensure high-purity lithium production with minimal environmental impact. The leading international engineering firm Worley Ltd. has been selected as construction partner (EPCM) for the plant.

Recognized as a strategic project under the EU's Critical Raw Materials Act, the Guben Converter underscores Europe's commitment to securing essential materials for the energy transition. The project is expected to create approximately 200 jobs and represents a significant step toward regionalizing and decarbonizing the lithium supply chain in Europe.

On behalf of the Management

Mirco WojnarowiczCEO, Rock Tech Lithium Inc.

ABOUT ROCK TECH

Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the intended use of proceeds from the Offering and allocation thereof; listing of the Unit Shares on the TSX-V, including obtaining the final acceptance of the TSX-V; the results of the due diligence and decision of the ECA and EIB; discussions with strategic and financial investors to explore potential opportunities for investments directly at the project level, including the Company's converter projects in Germany and Canada and the Georgia Lake Project; and Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company's operations and properties. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things: the satisfaction of the conditions to obtain final acceptance of the TSX-V approval for the listing of the Unit Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; Rock Tech's ability to procure supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cision

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SOURCE Rock Tech Lithium Inc.

Written by Amy Legate-Wolfe at The Motley Fool Canada

Sometimes, it’s not about having thousands to invest; it’s about making the most of what you’ve got. And right now, if you’re sitting on $200 and wondering where to put it, Teck Resources (TSX:TECK.B) stands out as one of the smartest picks on the TSX. This stock isn’t just about mining; it’s about the future of global infrastructure, clean energy, and resilient Canadian industry.

About Teck

Teck is one of Canada’s largest diversified resource companies. Its focus is on copper, zinc, steelmaking coal, and energy. But it’s copper that has the market’s attention. With the global shift toward electrification, copper is in high demand. It’s a key component in electric vehicles (EVs), renewable energy systems, and just about every infrastructure project that aims to be more sustainable. Teck is well positioned in this space, and that gives it a unique advantage over more traditional mining stocks.

As of writing, Teck’s had a decent rebound from the lows earlier this year, but it’s still down more than 25% from its 52-week high of $74.15. This gap between its current price and historical peak is where the opportunity lies. Analysts currently have a 12-month average price target of $71.94. That would mean a potential upside of nearly 36%. With $200, you could pick up almost four shares and still have some change left over. That’s a small but meaningful stake in a company with big potential.

Into earnings

Looking at the most recent earnings, Teck had a strong start to 2025. In the first quarter, it reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $927 million, which was more than double what it posted during the same period last year. Adjusted profit came in at $303 million, or $0.60 per share. This growth was largely driven by stronger commodity prices, especially copper and zinc, as well as higher production volumes.

Teck’s copper output was particularly strong, increasing 7% year over year to 106,100 tonnes. Its Quebrada Blanca mine in Chile was a big contributor to that, producing 42,300 tonnes despite dealing with a national power outage and some rough weather. The ability to meet or exceed production targets under difficult conditions speaks volumes about Teck’s operations and management.

More to come

But the story doesn’t end with production. Teck has been returning capital to shareholders aggressively. Between January and April 2025, it bought back $505 million worth of shares. That’s part of a broader $3.25 billion buyback plan, of which $1.75 billion has now been completed. In an uncertain market, share buybacks can signal that management believes the stock is undervalued and wants to reward long-term holders.

Teck’s future looks even more promising when you consider its strategic direction. The Canadian stock continues to divest from its steelmaking coal business, moving to become more focused on metals that are critical to a low-carbon economy. This shift isn’t just good for optics; it aligns Teck with some of the most powerful investment themes of the decade. Copper and zinc are already seeing surging demand, and that demand is expected to continue climbing. By focusing on these areas, Teck is putting itself in the right place at the right time.

Bottom line

So, what does all this mean for a $200 investment? It means you’re not just buying a mining stock; you’re buying a piece of the global energy transition. You’re getting exposure to some of the most important materials of the next decade. You’re also getting a Canadian stock that has proven its ability to grow earnings, return value to shareholders, and adapt to changing markets.

And let’s be honest: part of smart investing is knowing when something good is trading at a discount. Teck may not stay this cheap for long. The market has already started to catch on, but there’s still time to buy in before it pushes higher. For those looking to start small but think big, Teck Resources might just be the smartest Canadian stock to pick up with $200 right now.

The post The Smartest Canadian Stock to Buy Right Now With $200 appeared first on The Motley Fool Canada.

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More reading

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

2025

Brisbane, Queensland, Australia–(Newsfile Corp. – May 21, 2025) – Graphene Manufacturing Group Limited (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that the board of directors of GMG have approved the investment of AU$900k for the early works of an expected 10 tonne per annum Gen 2.0 Graphene Manufacturing Technology plant (the "Gen 2.0 Plant") for an estimated AU$2.3 million total capital cost. This expenditure was largely included in the proposed use of proceeds for the March 2025 Bought Deal Financing of C$5,796,000.

The Gen 2.0 Plant will be built at the existing natural gas to graphene production plant at its manufacturing facility in Richlands, Queensland, Australia. The early works include the procurement of long lead items and commencement of engineering and design works.

The Gen 2.0 Plant is expected to be online by end of June 2026, with production limited to 1 tonne per annum until further work is completed on upgrading packaging systems expected shortly thereafter. The final project is expected to be largely self-powered from standalone energy generation from renewable sources, energy storage system and hydrogen enriched natural gas tail gas power generation. The final project is also expected to include a semi-autonomous bulk graphene packaging system.

Figure 1: GMG Headquarters Layout

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252902_graphene1en.jpg

The Gen 2.0 Plant is based on the GMG plasma technology, Figure 2, with which the Company has been making graphene for over seven years. However, the Gen 2.0 Plant will utilize newly iterated technology which is expected to produce up to 20 times more production per unit than the previous technology. This new technology is expected to deliver:

a substantial reduction in capital cost per tonne of production capacity
a substantial reduction in cost of goods per kilogram produced
an increase in quality of the graphene materials produced

Figure 2: Artistic Image of Natural Gas to Graphene Plasma

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252902_f96ceb0e94ebf96d_017full.jpg

The details of the proposed Gen 2.0 Plant are as follows:

Technology is based on ongoing development of GMG's plasma technology which splits natural gas into graphene and hydrogen gas and captures the graphene nanoplatelets.
Automation is expected to allow for repeatable graphene quality, high plant reliability and lower requirement for operator activities.
The graphene production technology is expected to be able to make the different graphene required for GMG's end products – including THERMAL-XR®, G® LUBRICANT, SUPA G® and the Graphene Aluminium Ion Battery.
This type of new technology production plant can be built in various locations around the world, for example in North America where natural gas cost is low and abundantly available, significantly reducing the cost of the graphene. At scale the GMG graphene production process will produce large amounts of hydrogen as well.

GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited to move ahead with our next generation technology for graphene production – it is a significant milestone for the company. We expect to see better quality graphene at even lower costs and much higher production rates."

GMG's Chairman and Director, Jack Perkowski, commented: "This is the next exciting step before we look to expand to likely North American based expansion plants – where "cookie-cutter" projects can be rolled out with only minor changes for production expansion with lower cost gas and other benefits being in the North American market."

About GMG:

GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.

The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium-ion batteries.

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

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

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, expectations for the graphene production capacity and timing of construction of the Gen 2.0 Plant, temporary production volumes pending upgrading packaging systems, the use and benefits of the new technology to be deployed at the Gen 2.0 Plant, including on production efficiency and end products, largely self-powered from standalone energy generation, the implications of automation at the Gen 2.0 Plant, the semi-autonomous bulk graphene packaging system, the mobility of this type of production plant and the ability to benefit from geographic natural gas price variability and expectations for better quality graphene, lower costs and higher production at the Gen 2.0 Plant.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that G Lubricant has the potential to reshape the future of the global liquid fuels industry, that GMG will commercialize and market G Lubricant, that the Company's patent applications will progress as anticipated, and that the potential market and revenue available for G Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that G Lubricant will not reshape the future of the global liquid fuels industry, that GMG will commercialize and market G Lubricant as anticipated, that the Company's patent applications will not progress as currently anticipated, that the potential market and revenue available for the G Lubricant product is not as currently calculated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252902

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. We regret to report that long term BHP Group Limited (ASX:BHP) shareholders have had that experience, with the share price dropping 19% in three years, versus a market return of about 27%.

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

Our free stock report includes 2 warning signs investors should be aware of before investing in BHP Group. Read for free now.

While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

During the three years that the share price fell, BHP Group's earnings per share (EPS) dropped by 11% each year. In comparison the 7% compound annual share price decline isn't as bad as the EPS drop-off. So the market may not be too worried about the EPS figure, at the moment — or it may have previously priced some of the drop in.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

ASX:BHP Earnings Per Share Growth May 20th 2025

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. This free interactive report on BHP Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for BHP Group the TSR over the last 3 years was 10%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

While the broader market gained around 8.2% in the last year, BHP Group shareholders lost 12% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 12%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand BHP Group better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for BHP Group (of which 1 is potentially serious!) you should know about.

BHP Group is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges.

Brisbane, Queensland, Australia–(Newsfile Corp. – May 20, 2025) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of website www.g-lubricant.com to facilitate direct sale of its energy saving graphene liquid concentrate G® Lubricant, that enhances the performance of diesel and gasoline (petrol) engines. The launch of the website is with a new animation video promoting the ease and benefits of G-Lubricant (Figure 1).

Figure 1: www.G-Lubricant.com launch animation videoTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg4!.jpg

Unleashing the Power of Graphene

G® Lubricant is a graphene liquid concentrate that can be added to any mineral or synthetic oil used in an internal combustion engine. The amount of graphene in the final lubricant once G® Lubricant is added in is only ~ 1:10,000, with the balance of the concentrate consisting of lubricating base oil. As a result, G® Lubricant can be used safely in any internal combustion engine. Over the past four years, GMG has conducted environmentally controlled testing of G® Lubricant in internal combustion engines monitored and verified by The University of Queensland. In those tests, G® Lubricant has been shown to increase fuel efficiency by up to 8.4% in those diesel engines tested. GMG's test results have been corroborated by similar savings realized by customers over a number of years of field testing in diesel and gasoline/petrol engines.

G® Lubricant is currently sold by GMG in different pack sizes on the direct marketing website including a 500 ml litre pack and 8 x 50 ml packs, which can be used to dose 50 litres of engine oil and 8 x 5 liters of engine oil, respectively, to provide improved engine performance. GMG intends to direct market the product to its targeted markets through various pack sizes for direct and bulk use to create awareness of the product and its benefits.

In addition, the Company is discussing global sales with potential distributors in different geographic areas and different original equipment manufacturers.

Further G® Lubricant Performance Tests

GMG carried out further G® Lubricant testing in mid May 2025 – this time in its Company van which was recently professionally serviced – a Mercedes Vito on a third party dyno testing facility (Figure 4) with diesel engine exhaust emissions testing as well (Figure 5).

The performance testing showed demonstrated that the diesel engine van running at approximately 2500 rpm, 100 km/hr with approximately 400 Nm torque, the G® Lubricant provided approximately 13% of fuel savings (Figure 2) and a reduction of harmful NOx exhaust emissions of 27% (Figure 3) compared to testing under similar conditions without the use of any G® Lubricant.

A second dose of G® Lubricant was added to achieve these results due to the age and condition of the engine which has over 360,000 km of use – hence the total amount of graphene per engine oil was 0.02% (2 in 10,000) by weight – there was a total of 160 ml (2 x 80 ml) of G Lubricant added to the 8 litres of engine oil.

Figure 2: Fuel Efficiency Performance Increase from G-LubricantTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg1!.jpg

Figure 3: NOx Emissions Performance Increase from G-LubricantTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg2.jpg

Figure 4: GMG Company Van in Performance Testing with G-LubricantTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_b0364e8ec47ab84d_011full.jpg

Figure 5: Dyno Testing Equipment with Emissions TestingTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/252715_gmg3.jpg

About GMG:

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the ability of G® Lubricant to enhance the performance of diesel and gasoline engines, the amount of G® Lubricant necessary to achieve performance improvements, the safety of G® Lubricant and GMG's intentions to direct market and use new distributors for global sales of G® Lubricant.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation that G® Lubricant has the potential to optimize efficiency and power for stationary or mobile engines, that G® Lubricant has the potential to reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant, that the Company's patent applications will progress as anticipated, and that the potential market and revenue available for G® Lubricant will be as currently forecasted. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that G® Lubricant will not offer an innovative solution that optimizes efficiency and power for stationary or mobile engines, that G® Lubricant will not reshape the future of the global liquid fuels industry, that GMG will commercialize and market G® Lubricant as anticipated, that the Company's patent applications will not progress as currently anticipated, that the potential market and revenue available for the G® Lubricant product is not as currently calculated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252715

The Australian market is poised for a positive start, with the ASX200 expected to rise over one percent, reflecting a broader trend of cautious optimism amid mixed signals from Wall Street. In this environment, growth companies with high insider ownership can be particularly appealing as they often signal strong internal confidence and alignment with shareholder interests, making them noteworthy contenders in any investment strategy focused on potential earnings expansion.

Top 10 Growth Companies With High Insider Ownership In Australia

Name	Insider Ownership	Earnings Growth
Alfabs Australia (ASX:AAL)	10.8%	41.3%
Acrux (ASX:ACR)	15.5%	106.9%
Cyclopharm (ASX:CYC)	11.3%	97.8%
Fenix Resources (ASX:FEX)	21.1%	53.4%
Brightstar Resources (ASX:BTR)	11.6%	98.8%
Newfield Resources (ASX:NWF)	31.5%	72.1%
Echo IQ (ASX:EIQ)	19.8%	65.9%
Plenti Group (ASX:PLT)	12.7%	89.6%
Image Resources (ASX:IMA)	20.6%	79.9%
BETR Entertainment (ASX:BBT)	38.6%	121.8%

Click here to see the full list of 99 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

We’re going to check out a few of the best picks from our screener tool.

Aurelia Metals

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Aurelia Metals Limited is involved in the exploration and production of mineral properties in Australia, with a market capitalization of A$533.16 million.

Operations: The company’s revenue is primarily derived from its operations at the Peak Mine (A$245.13 million), followed by the Dargues Mine (A$73.90 million) and the Hera Mine (A$5.98 million).

Insider Ownership: 23.9%

Earnings Growth Forecast: 45.3% p.a.

Aurelia Metals’ earnings are forecast to grow significantly at 45.3% annually, outpacing the Australian market’s 11.7%. The company’s revenue is expected to increase by 14.6% per year, surpassing the market average of 5.5%. Trading at a substantial discount to its estimated fair value, Aurelia recently became profitable and reported A$17.95 million in net income for H1 2024-25, reversing a prior loss. Insider buying has been substantial with no significant selling recently noted.

ASX:AMI Earnings and Revenue Growth as at May 2025IperionX

Simply Wall St Growth Rating: ★★★★★★

Overview: IperionX Limited focuses on the exploration and development of mineral properties in the United States, with a market capitalization of A$1.02 billion.

Operations: IperionX Limited does not currently report any revenue segments.

Insider Ownership: 19.3%

Earnings Growth Forecast: 78.1% p.a.

IperionX is poised for significant growth with a forecasted revenue increase of 86.2% annually, surpassing the Australian market’s average. Despite currently generating less than US$1 million in revenue, insider buying has been substantial without notable selling. Recent U.S. government funding supports its Titan Project and titanium production expansion, enhancing its strategic position in critical minerals supply chains. Although shareholders experienced dilution last year, IperionX trades significantly below estimated fair value and aims for profitability within three years.

ASX:IPX Ownership Breakdown as at May 2025Titomic

Simply Wall St Growth Rating: ★★★★★★

Overview: Titomic Limited provides manufacturing and technology solutions for high-performance metal additive manufacturing across Australia, the United States, and Europe, with a market cap of A$410.99 million.

Operations: The company’s revenue segment is primarily from the development and sale of additive manufacturing technology, amounting to A$7.44 million.

Insider Ownership: 11.2%

Earnings Growth Forecast: 77.2% p.a.

Titomic is set for substantial growth, with revenue forecasted to increase by 52.3% annually, outpacing the Australian market. Despite a volatile share price and past shareholder dilution, Titomic’s insider ownership remains stable without significant recent trading activity. Recent strategic appointments in the U.S., particularly Kirk Pysher as SVP of Manufacturing, aim to bolster its capabilities in key sectors like aerospace and defense. The company anticipates profitability within three years, driven by advanced manufacturing technologies.

ASX:TTT Ownership Breakdown as at May 2025Taking Advantage

Take a closer look at our Fast Growing ASX Companies With High Insider Ownership list of 99 companies by clicking here.
Interested In Other Possibilities? Outshine the giants: these 28 early-stage AI stocks could fund your retirement.

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.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

Companies discussed in this article include ASX:AMI ASX:IPX and ASX:TTT.

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

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

OTTAWA, ON, May 16, 2025 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it has closed its previously announced (April 23, 2025) non-brokered, private placement of 7,500,000 units for total proceeds of $300,000 (the "Offering").

The Offering was comprised of 7,500,000 units ("Units") at $0.04 per Unit, with each Unit consisting of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant") for aggregate gross proceeds of $300,000. Each Warrant is exercisable for one Common Share at a price of $0.10 per share within 24 months of closing.

Proceeds from the Offering, together with the $500,500 in proceeds from the Company's previously completed offering of flow-through and non-flow through units that closed on April 22, 2025, will be used for exploration expenses at the Root & Cellar Property focussed on a diamond drill program at the Conquest Zone to commence on or around June 10, 2025. A drill contract has been signed with MCL Drilling of Deer Lake, Newfoundland.

We are excited to be starting this, pivotal, 3,000m drill program, on the Conquest Zone at Root & Cellar. This drilling program follows up on the 2023 program that identified the sinter and outflow zone, marking the top of an epithermal gold / silver system. It is unusual to see significant gold mineralization at the sinter level, and the visible gold found in the 2023 drilling and trenching programs, bodes well for what may exist at greater depth in the boiling zone where higher grades that are characteristic of low sulphidation systems, are expected. 3D modelling of the magnetic low underlying the Conquest Zone shows a compelling visualization of the epithermal system, with the sinter coinciding with the top of a "branch" that extends to approximately 800m depth"

"Epithermal gold systems are renowned for their high grades of gold and silver grades but a select few of them are also very large. Grab samples with values up to 111 g/t Au, 1,385 g/t Ag, 700 ppm Te and 10.5% Cu, (see Company news release, May 21, 2019, and September 7, 2022) show the high-grade potential at Root & Cellar, however the multiple datasets generated are also suggestive of a very large system."

What makes the Root & Cellar property even more attractive is its location on the Burin Peninsula, 10-minute drive from a paved highway and deep-water port and accessible by car. When geologists think of large-scale epithermal gold and porphyry copper systems, Newfoundland is not top of mind; however, "out of the box" thinking and innovation have led us to a significant Au-Ag-Te discovery at Root & Cellar. When it comes to greenfield exploration for large, blind, epithermal systems, we don't believe the evidence or location gets better than this."

– Ian Bliss, President and CEO, Northern Shield

Closing of the Offering is subject to certain customary conditions, including, without limitation, final approval of the TSX Venture Exchange ("TSXV"), and all of the securities issued under the Offering will be subject to a four-month and one-day statutory hold period.

Technical information in this news release was reviewed and approved by Christine Vaillancourt, P.Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101.

None of the securities sold in connection with the Offering have or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Northern Shield ResourcesNorthern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity to find a mineable deposit, near surface, and at relatively low cost. We implement a model driven exploration approach to reduce the risk associated with early-stage projects for ourselves, our shareholders, and the environment. This approach led us to option the Root & Cellar Property from a Newfoundland prospector, who discovered the mineralization, and then its advancement to a large gold-silver-tellurium system.

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.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the Offering, the expectations of management regarding the closing of additional tranches, the use of proceeds of the Offering, closing conditions for the Offering, and TSXV final approval of the Offering. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the TSXV may not provide final approval of the Offering; the proceeds of the Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the conditions to the closing required by the TSXV. The forward-looking information contained herein is given as of the date hereof, and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

3D image of the magnetic low that underlies the Conquest Zone, Root & Cellar Property (CNW Group/Northern Shield Resources Inc.)

SOURCE Northern Shield Resources Inc.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/16/c8706.html

Virtual Investor Conferences

NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Precious Metals & Critical Minerals Hybrid Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.

This in-person and virtual event will showcase live company presentations and interactive discussions featuring Precious Metals and Critical Minerals including Gold, Silver, Antimony, Copper, Lithium, Nickel, PGM, Rare Earth Elements, Uranium and Vanadium. Company executives and industry experts will present live from the OTC Markets Group headquarters at 300 Vesey Street in New York City. All presentations will be broadcast to the Virtual Investor Conferences community. For those who are interested in attending, there are two ways to register:

For individuals joining online, it is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to attend and schedule 1×1 meetings with management.

“OTC Markets is proud to host the Precious Metals & Critical Minerals Hybrid Investor Conference, presented in collaboration with Murdock Capital, TAA Advisory LLC, The Prospector, and Resource World,” said John Viglotti, SVP of Corporate Services, Investor Access at OTC Markets Group. “We are especially honored to welcome our distinguished keynote speakers, Jeff Christian, Managing Partner at CPM Group, and Jack Lifton, Senior Advisor at Energy Fuels, Inc., whose insights will be invaluable to this premier industry event.”

May 22nd

EasternTime (ET)	Presentation	Ticker(s)
9:00 AM	Keynote Presentation: “What’s next for precious metals?”-Jeff Christian, Managing Partner of CPM Group
9:30 AM	Viva Gold Corp.	(OTCQB: VAUCF \| TSXV: VAU)
10:00 AM	StrikePoint Gold, Inc.	(OTCQB: STKXF \| TSXV: SKP)
10:45 AM	Honey Badger Silver Inc.	(OTCQB: HBEIF \| TSXV: TUF)
11:15 AM	Relevant Gold Corp.	(OTCQB: RGCCF \| TSXV: RGC)
12:30 PM	Keynote Presentation: “Surveying the Critical Minerals Landscape,”–Jack Lifton, Senior Advisor, Energy Fuels, Inc.
1:00 PM	Azimut Exploration Inc.	(OTCQX: AZMTF \| TSXV: AZM)
1:30 PM	Energy Fuels Inc.	(NYSE American: UUUU \| TSX: EFR)
2:00 PM	Lion & Copper Gold Corp.	(OTCQB: LCGMF \| CSE: LEO)
2:45 PM	Alaska Silver Corp.	(Pink: WAMFF \|TSXV: WAM)
3:15 PM	Cygnus Metals Ltd.	(OTCQB: CYGGF \|TSXV: CYG)
3:45 PM	Power Metallic Mines Inc.	(OTCQB: PNPNF \|TSXV: PNPN)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com

Bunker Hill Mining (BNKR.V) said Friday afternoon that it has secured US$10.3 million in funding to

As trade tensions ease and central banks maintain cautious stances on interest rates, the Canadian market is navigating a period of economic uncertainty with mixed signals from key sectors. In this environment, identifying undervalued stocks can be an effective strategy for investors seeking opportunities that may benefit from improved trade relations and stable monetary policies.

Top 10 Undervalued Stocks Based On Cash Flows In Canada

Name	Current Price	Fair Value (Est)	Discount (Est)
Whitecap Resources (TSX:WCP)	CA$8.52	CA$14.65	41.9%
Docebo (TSX:DCBO)	CA$36.92	CA$58.91	37.3%
Badger Infrastructure Solutions (TSX:BDGI)	CA$45.46	CA$77.01	41%
Aris Mining (TSX:ARIS)	CA$7.91	CA$13.10	39.6%
Groupe Dynamite (TSX:GRGD)	CA$14.57	CA$27.98	47.9%
VersaBank (TSX:VBNK)	CA$15.47	CA$30.59	49.4%
TerraVest Industries (TSX:TVK)	CA$165.27	CA$291.41	43.3%
Laurentian Bank of Canada (TSX:LB)	CA$27.63	CA$43.76	36.9%
Journey Energy (TSX:JOY)	CA$1.55	CA$3.04	49%
Aya Gold & Silver (TSX:AYA)	CA$10.59	CA$20.35	48%

Click here to see the full list of 24 stocks from our Undervalued TSX Stocks Based On Cash Flows screener.

We’re going to check out a few of the best picks from our screener tool.

Aya Gold & Silver

Overview: Aya Gold & Silver Inc. is involved in the exploration, evaluation, and development of precious metals projects in Morocco and has a market cap of CA$1.36 billion.

Operations: The company’s revenue is primarily derived from the production at the Zgounder Silver Mine in Morocco, amounting to $67.87 million.

Estimated Discount To Fair Value: 48%

Aya Gold & Silver appears undervalued, trading at CA$10.59, significantly below its estimated fair value of CA$20.35. Recent financial results show robust growth, with Q1 2025 sales reaching US$33.83 million compared to US$5.08 million a year earlier and a net income turnaround to US$6.93 million from a loss of US$2.54 million the previous year. Additionally, Aya secured a US$25 million credit facility for its Boumadine project, enhancing financial flexibility and supporting future growth initiatives in Morocco.

TSX:AYA Discounted Cash Flow as at May 2025Teck Resources

Overview: Teck Resources Limited is involved in the research, exploration, development, processing, smelting, refining, and reclamation of mineral properties across Asia, the Americas, and Europe with a market cap of CA$25.83 billion.

Operations: Teck Resources generates revenue primarily from its zinc segment, amounting to CA$3.76 billion, and copper segment, totaling CA$5.97 billion.

Estimated Discount To Fair Value: 27.6%

Teck Resources is trading at CA$50.97, significantly below its estimated fair value of CA$70.42, suggesting undervaluation based on cash flows. The company’s earnings are forecast to grow by 31.81% annually, with revenue expected to outpace the Canadian market at 4.7% per year. Recent Q1 2025 results showed sales of CA$2.29 billion and net income of CA$370 million, reflecting solid financial performance despite a low forecasted return on equity of 4.1%.

TSX:TECK.B Discounted Cash Flow as at May 2025Whitecap Resources

Overview: Whitecap Resources Inc. is involved in the acquisition, development, and production of petroleum and natural gas properties in Western Canada, with a market cap of CA$10.82 billion.

Operations: The company’s revenue primarily comes from its oil and gas exploration and production segment, generating CA$3.41 billion.

Estimated Discount To Fair Value: 41.9%

Whitecap Resources, trading at CA$8.52, is significantly undervalued with an estimated fair value of CA$14.65, suggesting potential based on cash flows. Earnings are forecast to grow 19% annually, outpacing the Canadian market’s 12%. Despite high dividend yields not fully covered by free cash flows and recent shareholder dilution, the company announced a substantial share buyback program and strategic merger with Veren Inc., enhancing its production capabilities and shareholder value prospects.

TSX:WCP Discounted Cash Flow as at May 2025Taking Advantage

Click through to start exploring the rest of the 21 Undervalued TSX Stocks Based On Cash Flows now.
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Companies discussed in this article include TSX:AYA TSX:TECK.B and TSX:WCP.

This article was originally published by Simply Wall St.

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

Key Insights

Freeport-McMoRan's estimated fair value is US$55.63 based on 2 Stage Free Cash Flow to Equity
Freeport-McMoRan's US$38.47 share price signals that it might be 31% undervalued
Analyst price target for FCX is US$44.07 which is 21% below our fair value estimate

Today we will run through one way of estimating the intrinsic value of Freeport-McMoRan Inc. (NYSE:FCX) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.

We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

What's The Estimated Valuation?

We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) forecast

	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Levered FCF ($, Millions)	US$2.47b	US$4.39b	US$6.20b	US$5.98b	US$5.10b	US$4.62b	US$4.35b	US$4.21b	US$4.15b	US$4.14b
Growth Rate Estimate Source	Analyst x8	Analyst x7	Analyst x6	Analyst x2	Analyst x2	Est @ -9.41%	Est @ -5.76%	Est @ -3.21%	Est @ -1.42%	Est @ -0.17%
Present Value ($, Millions) Discounted @ 7.2%	US$2.3k	US$3.8k	US$5.0k	US$4.5k	US$3.6k	US$3.0k	US$2.7k	US$2.4k	US$2.2k	US$2.1k

("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$32b

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.8%. We discount the terminal cash flows to today's value at a cost of equity of 7.2%.

Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$4.1b× (1 + 2.8%) ÷ (7.2%– 2.8%) = US$96b

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$96b÷ ( 1 + 7.2%)10= US$48b

The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$80b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$38.5, the company appears quite undervalued at a 31% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.

NYSE:FCX Discounted Cash Flow May 16th 2025The Assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Freeport-McMoRan as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.2%, which is based on a levered beta of 1.022. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

See our latest analysis for Freeport-McMoRan

SWOT Analysis for Freeport-McMoRan

Strength

Earnings growth over the past year exceeded the industry.

Debt is not viewed as a risk.

Dividends are covered by earnings and cash flows.

Weakness

Earnings growth over the past year is below its 5-year average.

Dividend is low compared to the top 25% of dividend payers in the Metals and Mining market.

Opportunity

Annual earnings are forecast to grow faster than the American market.

Trading below our estimate of fair value by more than 20%.

Threat

Annual revenue is forecast to grow slower than the American market.

Next Steps:

Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For Freeport-McMoRan, we've compiled three fundamental items you should assess:

Risks: Take risks, for example – Freeport-McMoRan has 1 warning sign we think you should be aware of.

Future Earnings: How does FCX's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.

Introduction

Freeport-McMoRan (NYSE:FCX) announced its first-quarter 2025 results on April 24, 2025. This article updates my GuruFocus article from December 20, 2024, in which I analyzed the third quarter of 2024.Freeport-McMoran Inc. is a prominent company in the global copper industry, consistently ranking among the top copper producers in the world. The company operates major mining operations in both North and South America. It is known for its flagship Grasberg mine in Indonesia, one of the largest global copper and gold deposits. Freeport plays a crucial role in satisfying the global demand for copper.Freeport-McMoran is one of the four leading companies in the copper mining industry. Among these four, Freeport-McMoran and Southern Copper (NYSE:SCCO) are the most focused on copper production. Freeport leverages top-tier assets like Grasberg and is expanding its production in the United States, while Southern Copper benefits from exceptionally low-cost operations in Peru and Mexico. FCX and SCCO held the highest copper reserves in 2023.

Freeport McMoRan: An uncertain future

Though a major player in copper through its stake in Escondido, BHP (NYSE:BHP) remains diversified with a broader portfolio that includes iron ore and coal. Glencore (GLEN.L), while producing substantial copper, distinguishes itself with its integration of mining and trading and its growing involvement in copper recycling and African operations.

A large institutional investor's ownership.

Freeport-McMoran (NYSE:FCX) stands out as a compelling investment for large institutional investors seeking long-term exposure to the materials and energy sectors. As one of the world's leading copper producers and a constituent of major stock indices like the S&P 500, FCX is a natural holding for firms such as Vanguard, BlackRock, and State Street, which manage vast index funds and exchange-traded funds (ETFs). Its inclusion in these indices creates a structural incentive for ownership by passive investment strategies.

Institutional investors are increasingly focused on long-term macroeconomic trends, such as the global shift toward renewable energy, electric vehicles, infrastructure development, and industrial growth.

FCX offers direct exposure to these themes with a scale, diversification, and stability that smaller mining companies often lack. As a result, institutional ownership in FCX is notably high, with approximately 83.8% of shares held by institutions. Vanguard Group alone holds 8.7%, while BlackRock Advisors LLC owns 5.4%.

What do the near- and mid-term outlooks look like for copper and copper companies?

These four companies are highly sensitive to global economic conditions because the demand for copper is closely linked to industrial activity and infrastructure development. The trade tensions and tariff policies initiated by the Trump administration created significant uncertainty that temporarily affected copper prices and the valuations of mining companies. While these policies posed short-term challenges for the copper industry, broader factors such as global stimulus efforts, supply dynamics, and the accelerating energy transition have become more influential in shaping long-term demand and pricing for copper. However, this is only true to a certain extent.The recent liberation day held in the Rose Garden by Donald Trump had a chilling effect on copper and copper companies, as the chart below illustrates:

Freeport McMoRan: An uncertain future

Although the copper price has increased by 3.6% year over year, the four companies have experienced a significant decline during the same period. Even FCX, which produces gold, is down by 22% year-over-year.As we can see above, the simple announcement of drastic tariffs threw the market off by about 25-30% in two days. As explained in my recent article, it was clearly a grey swan event.

The market has rebounded, partly due to temporary relief measures such as the Trump administration's 90-day tariff exemption, which did not apply to China, by the way. However, the ongoing risk of unresolved trade tensions remains significant. This uncertainty could negatively impact copper demand and investor sentiment without a comprehensive resolution, particularly given the industry's sensitivity to global economic stability.

Despite the recent surge in market confidence, the recovery appears to be driven more by sentiment than by substance. While officials in the Trump administration have offered reassuring public statements, there is no verifiable evidence that formal negotiations with China are actually underway. In fact, Chinese authorities have explicitly denied that any talks have taken place, casting further doubt on the narrative of progress.

Elsewhere, discussions with other nations impacted by the latest round of U.S. tariffs are ongoing but remain inconclusive. The reality is that forging comprehensive trade agreements, particularly in today's complex geopolitical climate, takes time. The unilateral imposition of tariffs by the United States, often without consultation or warning, has eroded trust among key allies and partners. For many, the willingness of the U.S. to "renegotiate" longstanding agreements, as seen with Canada and Mexico, raises fundamental questions about the reliability of any future deal. Confidence is essential in business.

This pattern disrupts global markets and undermines the credibility of U.S. commitments. In international trade, trust and predictability are just as important as economic power. Without them, even the strongest economies risk isolating themselves and weakening the alliances that are essential for global stability.

China is likely to maintain a firm stance in this trade war, shaped in part by its historical experiences with foreign intervention and its longstanding emphasis on national sovereignty. While the immediate economic pressures it faces may appear more severe, China's political structure and cultural resilience position it to withstand prolonged strain.

By contrast, the U.S. economy is already showing signs of significant disruption, and the broader effects of the tariffs are expected to ripple through all sectors in the coming weeks. These measures could result in serious economic consequences if not addressed swiftly.

Although China will not be immune to hardship, its capacity for strategic endurance may outpace that of the United States.The American response, on the other hand, risks being hampered by political volatility and a lack of cohesive strategy.

As the effects of the trade war start to become more evident, President Trump is likely to face increasing pressure, both economically and, more importantly, politically. This may compel him to quickly reverse his policies in order to prevent deeper fallout during his administration.

What will the copper industry look like in 2025-2026?

In conclusion, while Donald Trump successfully applied economic pressure on China in 2016, his attempt to replicate that strategy in 2025 appears far less effective. In the intervening years, China has taken substantial steps to reduce its economic dependence on the United States, making it far less vulnerable to the same tactics.

This time, China seems determined not to allow a repeat of past concessions. It now possesses a broader arsenal of economic tools capable of inflicting real damage on the U.S. economy. Trump's critical miscalculation may lie in underestimating both China's resilience and its strategic capacity to adapt. This could ultimately undermine the U.S. position in the current standoff.

The key question now is not whether there will be consequences but how long the administration will persist before reassessing its approach and how much damage will be done to the global economy in the interim. Given the current trajectory and the entrenched political dynamics, a near-term resolution appears unlikely.

As a result, I remain pessimistic about the outlook for 20252026, particularly in the copper market. Unless diplomatic breakthroughs occur soon, which seems doubtful, major mining companies, including Freeport, may face considerable pressure and valuation declines in the months ahead. Therefore, be careful and wait for a significant retreat of the market to accumulate again. Meanwhile, trading short-term LIFO using technical analysis should be considered the best approach.

A succinct look at Freeport McMoran's recent fundamentals with historical charts.

Freeport-McMoRan's Q1 2025 results show a mixed but cautiously optimistic outlook. The company reported revenue of $5,728 million and earnings of $0.24 per diluted share, slightly exceeding expectations despite challenges in production. Notably, the output at Grasberg has been consistently underperforming, contributing to the disappointing production results.

Freeport McMoRan: An uncertain future

While copper and gold sales were down sharply, higher commodity prices helped cushion the impact. Copper price reached $4.44 per pound in 1Q25, which is above average, as the chart below illustrates.

Freeport McMoRan: An uncertain future

In April 2025, copper prices fell by 8.4%, marking the steepest monthly decline since June 2022. The outlook for the remainder of 2025 is uncertain, largely due to China's significant role in the copper market. I do not anticipate that China will maintain strong demand for copper this year, especially in light of the ongoing tariff war. While long-term growth in copper demand is still expected due to the green transition and infrastructure investments, the immediate future appears to hinge heavily on the resolution of trade tensions and China's economic recovery. We have reached a zero-sum phase.

I am not optimistic that a quick de-escalation is possible to facilitate a swift recovery. In fact, I believe China is determined to make the US suffer to demonstrate its power, even if it comes at the cost of a painful economic slowdown. I would not be surprised if the copper price falls below $3 at some point in 2025.

The gold price reached a record high of $3,072 per ounce in 1Q25 and is on track to set another record in 2Q25.

Freeport McMoRan: An uncertain future

JPMorgan and Goldman Sachs project prices will rise to between $3,600 and $3,700 by the end of 2025. However, I am somewhat less optimistic and expect a retracement in 4Q25 to around $3,100 per ounce.In 1Q25, Freeport-McMoRan experienced an increase in unit production costs, including higher expenses for fuel, explosives, labor, and energy, particularly across its Latin American and Indonesian operations.

These increases were compounded by operational challenges such as weather-related disruptions and lower ore grades, which led to greater inefficiencies and higher cost-per-pound, with copper unit net cash costs rising to $1.66 per pound, up from $1.54 per pound in 4Q24.

The company also faced ongoing pressure from logistics and maintenance costs. Together, these factors significantly impacted margins, especially in the context of declining copper prices during the same period. Copper, gold and molybdenum production were significantly down.

Freeport McMoRan: An uncertain future

In 1Q25, Freeport-McMoRan's free cash flow (FCF) faced pressure due to higher unit costs. Cash from operations totaled $1,058 million, while CapEx was $1,172 million. The free cash flow for the quarter amounted to negative $114 million, which is disappointing, especially compared to the $642 million made in 1Q24. Unfortunately, the limited FCF in 1Q25 constrains flexibility for shareholder returns or discretionary investments.

Freeport McMoRan: An uncertain future

The company maintains a quarterly dividend distribution, with the most recent payment of $0.15 per share, comprising a $0.075 base dividend and a $0.075 variable component, made on May 1, 2025. Given the current challenges, including rising production costs, declining copper prices, and escalating U.S.-China trade tensions, there is growing potential for Freeport-McMoran to adjust its variable dividend component in the coming quarters. Freeport-McMoRan's total debt in 1Q25 stood at $9.404 billion, with a debt-to-equity ratio of 32.2%. The company had $4.385 billion in cash and short-term investments and a net debt of $5.02 billion. FCX wants to reduce its debt by $1 billion in 2025, but it may not be able to do so.

Technical Analysis: Descending Channel Pattern.Freeport McMoRan: An uncertain future

Note: The chart has been adjusted for dividends.

Freeport McMoRan (NYSE:FCX) is currently forming a descending channel pattern, with resistance at $40.75 and support at $31.4. The Relative Strength Index (RSI) stands at 57 and is trending upwards, signaling a weak bullish trend that could potentially indicate an overbought condition. While a descending channel is typically seen as a bearish formation, suggesting the price could break lower, it also presents the possibility of a bullish breakout once the pattern concludes.

An intermediate level of support/resistance appears around $36.70, coinciding with the 50-day moving average (50MA). This level warrants attention for potential trading opportunities. However, as I previously noted, FCX may have established a new support zone at $36.50, contingent on the global geopolitical landscape not deteriorating further. It's crucial to wait a few trading sessions to confirm that the rebound from the $32 support is solid and not just a false signal.

The overall market sentiment remains uncertain, driven by speculative optimism rather than fundamental changes. If negotiations spearheaded by the Trump administration don't produce significant results, this rally could quickly lose steam.

In the coming weeks, the situation will become more critical at the five major West Coast portsLos Angeles, Long Beach, Oakland, Seattle, and San Diegowhere the final shipments exempt from the new tariffs are being received. Similarly, within a few weeks, ports on the East Coast, including New York, Baltimore, and Norfolk, will face the same pressure.

Given these dynamics, I suggest trimming 10-15% of your FCX position if the stock price rises above $36.50. It will allow you to set aside cash to potentially buy back shares below $32.

If FCX rallies on positive news, consider selling an additional portion of your position in the $38.50 to $41.25 range.

In my previous analysis, I highlighted the value of taking partial short-term profits using the Last In, First Out (LIFO) method, particularly for stocks like FCX. For balanced risk management, I recommend allocating about 70% of your FCX position to short-term trading, while maintaining a core long-term investment with the expectation of future dividend increases.

Warning: The technical analysis chart should be updated regularly.

This article first appeared on GuruFocus.

Southern Copper (SCCO) 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.

Over the past month, shares of this miner have returned +8.4%, compared to the Zacks S&P 500 composite's +9% change. During this period, the Zacks Mining – Non Ferrous industry, which Southern Copper falls in, has gained 10.8%. The key question now is: What could be the stock's future direction?

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.

Earnings Estimate Revisions

Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

Southern Copper is expected to post earnings of $1.05 per share for the current quarter, representing a year-over-year change of -13.9%. Over the last 30 days, the Zacks Consensus Estimate has changed -7.5%.

For the current fiscal year, the consensus earnings estimate of $4.38 points to a change of +1.2% from the prior year. Over the last 30 days, this estimate has changed -1.9%.

For the next fiscal year, the consensus earnings estimate of $4.62 indicates a change of +5.4% from what Southern Copper is expected to report a year ago. Over the past month, the estimate has changed -1.3%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Southern Copper is rated Zacks Rank #3 (Hold).

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

12 Month EPS12-month consensus EPS estimate for SCCO _12MonthEPSChartUrlProjected Revenue Growth

Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Southern Copper, the consensus sales estimate for the current quarter of $2.9 billion indicates a year-over-year change of -6.9%. For the current and next fiscal years, $11.88 billion and $11.49 billion estimates indicate +3.9% and -3.3% changes, respectively.

Last Reported Results and Surprise History

Southern Copper reported revenues of $3.12 billion in the last reported quarter, representing a year-over-year change of +20.1%. EPS of $1.19 for the same period compares with $0.94 a year ago.

Compared to the Zacks Consensus Estimate of $2.98 billion, the reported revenues represent a surprise of +4.67%. The EPS surprise was +5.31%.

Over the last four quarters, Southern Copper surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times 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.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Southern Copper is graded D on this front, indicating that it is trading at a premium to 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 Southern Copper. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

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

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

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

Zacks Investment Research

Freeport-McMoRan (FCX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this mining company have returned +17.2%, compared to the Zacks S&P 500 composite's +9% change. During this period, the Zacks Mining – Non Ferrous industry, which Freeport-McMoRan falls in, has gained 10.8%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate Revisions

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.

Freeport-McMoRan is expected to post earnings of $0.47 per share for the current quarter, representing a year-over-year change of +2.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -8.3%.

For the current fiscal year, the consensus earnings estimate of $1.61 points to a change of +8.8% from the prior year. Over the last 30 days, this estimate has changed -0.7%.

For the next fiscal year, the consensus earnings estimate of $2.21 indicates a change of +37.3% from what Freeport-McMoRan is expected to report a year ago. Over the past month, the estimate has changed -0.5%.

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 EPS12-month consensus EPS estimate for FCX _12MonthEPSChartUrlRevenue Growth Forecast

For Freeport-McMoRan, the consensus sales estimate for the current quarter of $6.86 billion indicates a year-over-year change of +3.6%. For the current and next fiscal years, $26.58 billion and $29.17 billion estimates indicate +4.4% and +9.8% changes, respectively.

Last Reported Results and Surprise History

Freeport-McMoRan reported revenues of $5.73 billion in the last reported quarter, representing a year-over-year change of -9.4%. EPS of $0.24 for the same period compares with $0.32 a year ago.

Compared to the Zacks Consensus Estimate of $5.31 billion, the reported revenues represent a surprise of +7.92%. The EPS surprise was 0%.

Over the last four quarters, Freeport-McMoRan surpassed consensus EPS estimates two times. The company topped consensus revenue estimates three times over this period.

Valuation

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 An 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 B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Conclusion

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.

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

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

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

Zacks Investment Research

VANCOUVER, BC, May 14, 2025 /CNW/ – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that it has filed its condensed interim consolidated financial statements for the three months ended March 31, 2025 and the corresponding management's discussion and analysis ("MD&A"). Below is a summary of the Company's financial results for the first quarter of 2025 ("Q1 2025") in comparison to the same respective period in 2024 ("Q1 2024") (all amounts in USD unless specified):

Revenue for Q1 2025 decreased to $14.8 million (Q1 2024 – $15.7 million), representing a $0.9 million or -5.7% decrease.
Mine operating loss increased by $10.0 million to $4.7 million in Q1 2025 (Q1 2024 – mine operating income of $5.3 million) while gross margin decreased from 33.7% in Q1 2024 to -31.6% in Q1 2025.
Operating loss was $8.1 million in Q1 2025 compared to $0.03 million in Q1 2024.
Net loss attributable to equity shareholders was $6.9 million ($0.03 loss per share) in Q1 2025 versus net loss attributable to equity shareholders of $0.9 million ($0.00 loss per share) in Q1 2024. The increase in Q1 2025 net loss was largely attributable due to the restart of underground operations, resulting in increased production costs and site services costs incurred at the Crocodile River Mine ("CRM") in South Africa.
The Company had a working capital deficit (current assets less current liabilities) of $47.4 million as at March 31, 2025 (December 31, 2024 – working capital deficit of $38.7 million) and short-term cash resources of $4.7 million (consisting of cash and cash equivalents) (December 31, 2024 – $3.1 million)

Wanjin Yang, Chief Executive Officer and President of Eastplats commented, "We had a challenging first quarter as we ramp up underground run-of-mine tonnages at the Crocodile River Mine. Our focus is on increasing underground production feed to the PGM and chrome circuits, which will improve production results in future quarters."

Operations

The Company derived revenue from the processing of platinum-group-metal ("PGM") and chrome concentrates during Q1 2025 and Q1 2024. Eastplats' majority of revenue (72% for Q1 2025; 93% in Q1 2024) is from chrome concentrate sales to third parties.

Summary of chrome production from the Retreatment Project at the CRM for the three months ended March 31, 2025 and 2024:

	Q1 2025	Q1 2024
Total Tailings Feed (tons)	109,919	385,299
Average grade Cr concentrate	36.54 %	38.57 %
Tons of Cr concentrate	14,690	79,882

The Retreatment Project was completed during the first quarter of 2025. The Company continues the tailings storage facility wall building program, utilizing waste rock and paddocking, to raise the wall to facilitate continued depositing of reprocessed tailings.

The Company started processing run-of-mine ("ROM") UG2 ore from the Zandfontein underground section at the CRM during the third quarter of 2024, at higher grades of chrome and PGM recovery, respectively.

Summary of chrome production from underground operations for the three months ended March 31, 2025:

	Q1 2025
Total ROM Feed (tons)	44,947
Average grade Cr concentrate	40.63 %
Tons of Cr concentrate	9,761

Summary of PGM production for the three months ended March 31, 2025 and 2024:

	Q1 2025	Q1 2024
Average 6E grade (grams per ton)*	147	49
Tons of PGM concentrate	671	945
PGM ounces produced (6E)*	3,175	1,488

*PGM 6E grades and ounces are estimates until final exchanges and umpire results have been concluded, which can take up to three months.

The Company has filed the following documents, under the Company's profile on SEDAR+ at www.sedarplus.ca:

Condensed interim consolidated financial statements for the three months ended March 31, 2025; and
Management's discussion and analysis for the three months ended March 31, 2025.

The condensed interim consolidated financial statements for the three months ended March 31, 2025 are available for download at https://www.eastplats.com/investors/quarterly-reports/F2025/ and are also available on the JSE's website at:

https://senspdf.jse.co.za/documents/2025/JSE/ISSE/EPS/Q125.pdf.

The Company has a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.

Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will," "plan," "intends," "may," "could," "expects," "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedarplus.ca.

In particular, this press release contains, without limitation, forward-looking statements pertaining to: increasing underground production feed to the PGM and chrome circuits and improvement of PGM and chrome production results. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedarplus.ca. The forward-looking statements in this news release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/14/c8552.html

TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF

VANCOUVER, BC, May 14, 2025 /PRNewswire/ – Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to report on recent activities and results that underscore the potential for new discoveries, particularly with a focus on gold, at the San Pietro Copper-Gold-Iron oxide-Cobalt Project ("IOCG"), Chile ("San Pietro" or the "Project"). This includes the first sampling results from two exciting new targets (Noemi and Lolita Norte) and the addition of new concession package (Cerro Sur) with highly prospective gold-copper results from historic drilling (see Figure 1).

Golden Arrow Resources Corporation logo (CNW Group/Golden Arrow Resources Corporation)

The Noemi target (Figure 2) demonstrates the hallmarks of IOCG deposits like the Rincones & Colla deposits, 7km to the southeast along a structural trend, including,
- High magnetic anomalies coincident with specularite, quartz, carbonate and copper oxides in potassic-altered breccias and veins up to 3 metres wide with multiple anomalous rock chip samples including 1.4 m averaging 3.41% Cu and 0.26 g/t Au.
Prominent north-south breccia veins offer large gold targets at both Noemi and Lolita Norte:
- 800 metres of strike returned 4 significant gold-copper values in rock chip channel samples, such as 3.0 m averaging 4.19 g/t Au and 2.08 % Cu at the Florencia structure, Noemi target.
- A similar structure at Lolita Norte target (Figure 3) is believed to be the continuation of an historically mined vein system; new sampling confirmed gold and copper along 1.9km of strike.
The newly acquired 1,500-hectare Cerro Sur concession package expands the discovery potential at San Pietro. There is diamond-drilled core remaining on site from historic targets, and summary assay results for over 4,600m of drilling for gold and copper that include:
- Intercepts from 0.1 g/t Au to as high as 27.9 g/t Au, with a best reported interval of 6 metres averaging 4 g/t Au
- Single intercepts from 0.1% Cu to as much as 62 metres averaging 0.25% Cu.

Brian McEwen, Golden Arrow VP Exploration and Development stated, "Results from our 2024 exploration program continue to demonstrate that San Pietro has a huge amount of remaining discovery potential. The results from Noemi and Lolita Norte are very promising, and the amount of gold is particularly encouraging. The Cerro Sur acquisition adds a big opportunity as there has been a lot of work done by some major companies in the past and our preliminary review of the information supports the potential for more gold and copper discoveries. We are continuing our systematic exploration in these areas and throughout the more than 50% of the property that remains untested. We are refining targets for a Phase 3 drill program which will be designed to expand resources at our Rincones and Colla deposits and identify new deposits at San Pietro."

Additional detailed mapping and sampling is on-going at Noemi and Lolita Norte to delineate targets for future drilling. At Cerro Sur, the Company plans to relog and retest any viable remaining drill core to create a modern database for the area. Additional field work is also being planned.

Exploration Program Details

In 2024 the Golden Arrow team continued surface exploration throughout the large San Pietro property, concurrent with the resource delineation drilling program at the Rincones and Colla targets. The first detailed geological mapping was completed in the south and southwestern parts of San Pietro as well as a 1500-hectare ground magnetics survey and the new Noemi and Lolita Norte target areas were delineated (see Figure 1 project map including Figure 2 and 3 detail map locations).

Noemi

Noemi covers an area of approximately 2 by 3 kilometres located approximately 7 kilometers south of the Rincones resource area. The main geological units mapped are fine andesites, tuffs and volcaniclastic rocks intruded by a microdiorite, and in some areas there is gravel cover. There is an early stage of alteration of scapolite-actinolite-magnetite crosscut by NW to N-S trending shear zones. These zones include breccias and veins up to 3 metres wide, with specularite, quartz, carbonate and copper oxides and a potassic feldspar-chlorite-epidote alteration. These structures are anomalous in gold and copper with values in rock chip channel samples of up to 1.4 m with 3.41% Cu and 0.26 g/t Au (see Figure 2). Several of these areas are coincident with strong magnetic anomalies. The coincidence of the appropriate lithologies with good alteration, copper-gold structures and high magnetic anomalies indicates potential for new IOCG deposit discoveries similar to the Rincones deposit.

Also of particular interest within the Noemi target is a prominent north-south breccia vein of quartz-tourmaline-specularite-carbonate-jarosite. This structure ("Florencia") outcrops in 2 sections (north and south). In the south section the vein has a width of 1 to 3 metres but reaches up to 8 metres with the adjacent veinlets. Four rock chip channel samples collected across the structure, along 800 metres of strike, returned significant gold-copper values such as 3.0 m with 4.19 g/t Au and 2.08% Cu (Figure 2).

Lolita Norte

Three kilometres west of the Noemi the team identified a second high-priority target, called Lolita Norte.

A similar structure to Florencia was identified and mapped for more than 1.9 kilometres with the possibility that it continues to the north under the gravel cover. It is believed to be the northern extension of the Lolita-Madura gold vein system which was exploited as part of a private underground gold mining operation in the 1980´s, the remains of which are situated approximately 2.5 kilometres to the south, off the San Pietro concessions. [Proximity to a mineral resource, deposit, or mine does not indicate that mineralization will occur on Golden Arrow's property, and if mineralization does occur, that it will occur in sufficient quantity or grade that would result in an economic extraction scenario.]

The mineralization at Lolita Norte is similar to Florencia with gold and copper in a quartz-tourmaline-carbonate vein and breccia structure with a width of 1 to 8 metres. In this case the host rock is granodiorite that is part of the Sierra Mercedita Pluton. The team completed the first stage of reconnaissance of this target, collecting 61 rock chip samples from the veins and old small miner workings (Figure 3). Well-mineralized samples occurred throughout the entire length of the structure, and in some cases the host granite carried similar mineralization to the veins. For instance, rock chip samples from an "underground breccia" (taken from old workings approximately 15 m deep) included a vein sample assayed at 0.75 m averaging 0.35 g/t Au with sampling of the adjacent granite returning 1.5 m averaging 0.20 g/t Au and 1.0 m averaging 0.64 g/t Au.

Cerro Sur Acquisition

Cerro Sur is comprised of 1,500 hectares of mining exploration concessions adjacent to the western border of the San Pietro Project (Figure 1). The Cerro Sur concessions recently became publicly available and Golden Arrow's Chilean subsidiary, New Golden Explorations Inc. ("NGE"), secured a 100% interest via the Chilean government application process. Verbal accounts suggest that as much as 10,000 metres of drilling has been completed at the project in the past. The third-party historic summary report currently available (the "Summary") provides information from several exploration programs prior to 2018 with work completed by major companies that included geological mapping, surface sampling, trenching and geophysical surveys (magnetometry and TEM) and testing for copper and gold by diamond drilling of 4,695 metres in 17 holes. Golden Arrow's Qualified Person has not verified the information in the Summary and no details on methodology or QA/QC were included, therefore this information is considered "anecdotal" at this stage and only indicative of the potential of the project. Drill core from the project is available and an initial review indicates that it is mostly intact, although it has not been confirmed that it all, and only, coincides with the holes reported in the Summary. NGE plans to relog, resample and re-assay the core as much as possible to validate the historic data and create a robust database.

The Cerro Sur project is located within the Atacama Fault System ("AFS"). The north-south lying AFS includes a wide zone of deformation that controls the mineralization and alteration at San Pietro and other nearby IOCG deposits. This includes the Mantoverde IOCG deposit and mine complex which is located less than 10km to the southwest of Cerro Sur, and is one of several deposit models used for exploration at San Pietro (see NI 43-101 Technical Report filed on SEDAR+). The Summary for Cerro Sur suggests that the underlying volcanic basement rocks are the Jurassic aged La Negra Formation, which is the same group at least partly assigned to the rocks that underly at Manto Verde. Locally these are overlain by granitic rocks from the Upper Cretaceous aged Sierra Merceditas Pluton, which is also mapped at the Lolita target area (see above). Along a six kilometre north-south section of the Merceditas Fault and its related structures (a subsidiary of the AFS), several veins and stockworks with gold and copper have been identified. The copper is associated with shear zones containing magnetite that can be associated with an IOCG model, while the gold mineralization might be related to an epithermal episode associated with the intrusive.

The Summary indicates that five targets were tested by diamond drilling of across several of the steeply dipping mineralized structures. Twelve holes reported anomalous copper and/or gold intervals. Anomalous intervals occurred from 0 to as much as 335 metres downhole and many holes reported multiple intervals. For copper, notable intervals ranged from single (1 metre or less) intercepts of >0.1% Cu to as much as 62 metres averaging 0.25% Cu. For gold, notable single intercepts ranged from 0.1 g/t Au to as high as 27.9 g/t Au, with the longest reported interval of 6 metres averaging 4 g/t Au.

Methodology & QA/QC

Rock chip samples at Noemi and Lolita Norte targets were collected by the NGE technical team. Samples were shipped to ALS Laboratory in Copiapo, Chile by a contract truck service. Sample preparation and gold analysis by Fire Assay and reading by atomic absorption on 30 gm sample by method Au-AA23 was completed at the ALS facility in Santiago de Chile. Multi-element package by ICP-OES reading following a four-acid digestion by method ME-ICP61 was performed at ALS facilities in Lima, Peru. Samples with over limits in copper (+ 10,000 ppm) were re-assayed by ore grade method Cu-OG62 that includes four acid digestion and ICP-OES reading. The Company follows industry standard procedures for the work carried out on the San Pietro Project, with a quality assurance/quality control ("QA/QC") program. Blank and standard samples were inserted in each batch of samples sent to the laboratory for analysis. Golden Arrow detected no significant QA/QC issues with material effect on the data.

Qualified Persons

The exploration programs are designed by the Company's geological staff and results are reviewed, verified (including sampling, analytical and test data) and compiled under the supervision of Brian McEwen, P.Geol., VP Exploration and Development to the Company. Mr. McEwen is a Qualified Person as defined in National Instrument 43-101 and has reviewed and approved the contents of the news release.

About the San Pietro Project

The San Pietro Project targets the discovery of multiple copper-gold-iron oxide ("IOCG") plus cobalt deposits on over 21,000 hectares located approximately 100 kilometres north of Copiapó in the Atacama Region of Chile. To date, Golden Arrow has completed an initial Mineral Resource Estimate for the Rincones and Colla deposits that includes 2,470 Mlbs of contained Cu and 770,000 oz contained Au (492 Mt with an average grade of 0.23% Cu, 0.05 g/t Au, 99 g/t Co and 14.43% Fe; NI 43-101 Technical Report filed on SEDAR+).

Situated between and adjacent to Capstone Copper's Manto Verde Mine property and Santo Domingo Project, San Pietro is in the centre of a new copper-iron-cobalt district within an active, well-developed mining region that is home to all the major IOCG deposits in Chile.

Golden Arrow operates San Pietro through its 75%-owned Chilean subsidiary, New Golden Explorations Inc. ("NGE").

About Golden Arrow:

Golden Arrow is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits.

Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina.

The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

ON BEHALF OF THE BOARD

"Joseph Grosso" _______________________________

Mr. Joseph Grosso, Executive Chairman, President and CEO

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.

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the terms of the Amending Agreement, the exercise of the Amended Option and the timing thereof, the TSXV's approval of the Transaction; the gross proceeds under the Private Placement, the Company's plans for its mineral properties; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company are forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with obtaining necessary regulatory approvals (including the TSXV's approval); risks associated with technical difficulties in connection with mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/golden-arrow-reports-gold-and-copper-at-new-exploration-targets-and-expands-concessions-at-san-pietro-copper-gold-project-chile-302454665.html

SOURCE Golden Arrow Resources Corporation

We recently published a list of Top 10 Buzzing Stocks in May. In this article, we are going to take a look at where BHP Group Limited (NYSE:BHP) stands against other top buzzing stocks in May.

The latest quarterly results from a couple of major technology companies have soothed concerns about AI demand that prevailed in the market following the launch of DeepSeek. Storm Uru, Manager at Liontrust Global Dividend Fund, said while talking to CNBC that the Satya Nadella-led tech giant’s results were “extraordinary.”

“50% of that growth came from AI revenue, and that’s an important marker for us going forward. Because after Deepseek about four months ago now, the debate really was around as digital intelligence gets smarter and as it gets cheaper, what is going to be the impact on demand. And what we found out last night was that demand is accelerating,” he said.

David Grain, Founder & CEO of Grain Management, also believes AI demand could be strong amid a variety of factors.

“The advent of AI has created this explosion of demand for data centers and compute power, but the drivers of where it makes sense to actually build these data centers has a lot to do with the availability of reliable and high quantity of electricity. So I think there’s definitely no slowdown in the demand side of the equation,” he said during an interview with CNBC.

For this article, we picked 10 stocks making moves these days. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Jim Cramer Recommends This Dividend Stock With 5% YieldBHP Group Limited (NYSE:BHP)

Number of Hedge Fund Investors: 22

Jim Cramer was recently asked about mining company BHP Group Limited (NYSE:BHP). He said he likes the stock.

“I like BHP Broken Hill. I remember it was Broken Hill Properties—that’s how old I am, holy cow. But I like the story. I like the yield. I think you’ve got a good situation going there.”

Overall, BHP ranks 10th on our list of top buzzing stocks in May. While we acknowledge the potential of BHP, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BHP but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

Disclosure: None. This article is originally published at Insider Monkey.

Halifax, Nova Scotia–(Newsfile Corp. – May 13, 2025) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company"), is pleased to announce the following marketing and investor awareness engagements.

The Company reports that it has engaged InvestorBrandNetwork ("IBN"), a multifaceted financial news and publishing company, to provide corporate communications expertise and related services. The Company expects that IBN will leverage its investor-based distribution network of 5,000+ key syndication outlets, various newsletters and other outreach tools to generate awareness of the Company. The Company has engaged IBN for a period of one year, commencing May 8, 2025, at a cost of US $23,200 per quarter.

The Company has additionally engaged Goldinvest Consulting GmbH ("Goldinvest") for a 6-month period which commenced on May 5, 2025 at a cost of EUR 4,050 per month. Goldinvest will prepare corporate videos and assist with investor awareness activities in Germany.

Lastly, the Company also announces that it has entered into a media awareness and consulting agreement (the "Marketing Agreement") with Outside the Box Capital Inc. ("OTBC") of Oakville, Ontario, to provide publicity consulting and investor relations services, including marketing services through social media channels and online media distribution.

The Marketing Agreement, dated May 13, 2025, is for a period of 12 months and can be cancelled by either party at the end of each quarter with 30 days notice. In consideration of the services to be provided by OTBC, the Company will pay a cash fee in the amount of $160,000. Further, a total of 100,000 stock options to purchase the common shares of the Company will be issued to OTBC, with a strike price equal to the greater of the market price on the date of the grant and $1.60 per common share. The options will have a 5-year term and will vest at the rate of 25% every 3 months. The Company will also pay $25,000 to be used by OTBC for its influencer marketing campaign.

OTBC specializes in leveraging various social media platforms and will be able to facilitate greater awareness and widespread dissemination of the Company's news. The engagement of OTBC, as contemplated in the Marketing Agreement and summarized above, remains subject to TSXV approval.

The above-noted engagements represent additional steps in the Company's efforts to enhance communication with the current investor community and expand visibility to a greater audience.

# # #

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.

Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."

For further information, please visit www.ucore.com.

Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements.

For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's most recently filed MD&A, as filed on www.sedarplus.ca as well as the risks described below.

Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.

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

CONTACTS

Mr. Peter Manuel, Ucore Vice President and Chief Financial Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.

For additional information, please contact:

Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ucore.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252055

Not for distribution to United States news wire services or for dissemination in the United States

VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / Commerce Resources Corp. ("Commerce" or the "Company") (TSXV:CCE)(FSE:D7H0) is pleased to announce that further to its news release dated April 9, 2025, the Company has completed its previously announced non-brokered private placement of secured convertible notes (the "Notes") for aggregate gross proceeds of approximately C$2,150,000 (the "Offering").

The Notes accrue interest at a rate of 20.0% per annum, calculated on the basis of the actual number of days elapsed in an applicable interest period and on the basis of a year of 365 or 366 days, as the case may be (the "Interest") and mature on May 12, 2027 (the "Maturity Date"). Unless converted or redeemed in accordance with the terms of the Notes, the principal amount of the Notes (the "Principal Amount") will be owing and accrued Interest due and payable at the Maturity Date. As previously disclosed, the Company intends to use the proceeds from the Offering as interim funding to be used for the continuation of studies for the development of the Ashram Project and for working capital while the Company's proposed transaction (the "Transaction")with Mont Royal Resources Limited, as announced in the news release dated April 8, 2025, is completed.

If the Transaction occurs within 12 months from the date of issuance of the Notes: (i) the Principal Amount will automatically convert into common shares in the capital of the Company ("Shares") at the implied price per Share at which equity securities of the Company or of another issuer are issued under a financing undertaken in connection with the Transaction (the "Automatic Conversion Price"), provided that the Automatic Conversion Price is equal to or greater than C$0.06 (being Commerce's closing share price on April 8, 2025); and (ii) the amount representing the aggregate Interest that would be accrued on the Principal Amount of the Notes for the entire 12-month period beginning on the date of issuance will be accrued but unpaid and shall convert into Shares in accordance with the Interest Rules (as defined below) (the "Additional Interest Payment"). For greater certainty, the Additional Interest Payment will only be applicable in the event of an automatic conversion.

In the event the Transaction is not completed within 12 months from the date of issuance, the holders of the Notes may, at its sole discretion, elect to convert all of the Principal Amount on the Maturity Date at the price of C$0.12 per Share (the "Optional Conversion Price") or, at a conversion price lower than the Optional Conversion Price in the event the Company undertakes an equity financing lower than the Optional Conversion Price, subject to a minimum conversion price of C$0.10 (rather than C$0.06 as disclosed in the news release dated April 9, 2025) and the prior approval of the TSX Venture Exchange (the "TSX-V"). If the Transaction does not proceed within 12 months of the date of issuance of the Notes, the holders of the Notes will also have a pre-emptive right to participate in any equity financing of the Company up to the aggregate amount of the Principal Amount and Interest outstanding.

The number and terms of any Shares issued in payment of any accrued Interest on the Principal Amount, Additional Interest Payment and/or other type of interest payments will be based upon a price per Share that is not less than the closing price of the Shares listed for trading on the TSX-V at the time such accrued Interest, Additional Interest Payment and/or other type of interest payment becomes payable and any such payment of accrued Interest, Additional Interest Payment and/or other type of interest payment in Shares shall be subject to prior TSX-V acceptance, with the application for the TSX-V acceptance to be made by the Company at the time such accrued Interest, Additional Interest Payment and/or other type of interest payment becomes payable (the "Interest Rules").

The Company may redeem the Notes at any time prior to the Maturity Date at a price equal to the aggregate amount of the Principal Amount owing and accrued Interest outstanding and a cash amount equal to the sum of half of all payments of interest that would be due through the Maturity Date after redemption.

The Notes are secured under a general security agreement and rank pari-passu as between themselves and all holders of Notes have entered into an interlender agreement in connection therewith. The Notes and the underlying Shares issuable thereunder, are subject to a statutory hold period of four (4) months plus one (1) day following the closing of the Offering.

In connection with the Offering, the Company paid to Alpha Node Capital Pty Ltd. (the "Finder") a cash finder's fee in the amount of $66,000, representing 6% of $1.1 million placed by the Finder. The Company also issued 1,100,000 finder's warrants (the "Finder Warrants") attributable to the $1.1 million placed by the Finder. Each Finder Warrant is exercisable to acquire one Share of the Company until May 12, 2028, at an exercise price of $0.075 per Share. All Shares and Finder's Warrants issued in relation to these finder's fees are subject to a hold period expiring four (4) months plus one (1) day following the closing of the Offering.

Closing of the Offering is subject to final acceptance by the TSX-V.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or to any "U.S. Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act")) of any equity or other securities of the Company. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the 1933 Act and applicable state securities laws or an applicable exemption therefrom. Any failure to comply with these restrictions may constitute a violation of U.S. securities laws.

About Commerce Resources Corp.

Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property, in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (more than 30 – 45% TREO) mineral concentrates at high recovery (more than 60 – 75%) in line with active global producers.

The Ashram Deposit also has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets. The Company is positioning to be one of the lowest cost rare earth producers globally with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market.

Additionally, Commerce is committed to exploring the potential of other high-value commodities on the Ashram Property such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.

For more information, please visit the corporate website at www.commerceresources.com or email info@commerceresources.com.

On Behalf of the Board of Directors COMMERCE RESOURCES CORP.

Ian Graham ChairmanTel: 604.484.2700Email: info@commerceresources.comWeb: http://www.commerceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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 includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include statements regarding the proposed Transaction and the terms thereof; the intended use of proceeds of the Offering; the conversion of the Notes and the Obligations, as applicable; the continued advancement of the Ashram Project to development; that Ashram's fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Ashram Property. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these events, activities or developments from coming to fruition include: the ability to obtain approvals in respect of the Transaction and to consummate the Transaction, ability to consummate any equity financing in connection with the Transaction, actual results of current and future exploration activities; that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable, or other risks detailed herein and from time to time in the filings made by the Company with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. These forward-looking statements are based on our current expectations, estimates, forecasts and projections about our business and the industry in which we operate and management's beliefs and assumptions, including the non-occurrence of the risks and uncertainties that are described above and in the filings made with the applicable Canadian securities regulators or other events occurring outside of our normal course of business, and are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View the original press release on ACCESS Newswire

If you want to compound wealth in the stock market, you can do so by buying an index fund. But if you pick the right individual stocks, you could make more than that. For example, the Aurelia Metals Limited (ASX:AMI) share price is up 70% in the last 1 year, clearly besting the market return of around 4.4% (not including dividends). If it can keep that out-performance up over the long term, investors will do very well! Unfortunately the longer term returns are not so good, with the stock falling 11% in the last three years.

With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

During the last year Aurelia Metals grew its earnings per share, moving from a loss to a profit.

When a company is just on the edge of profitability it can be well worth considering other metrics in order to more precisely gauge growth (and therefore understand share price movements).

Revenue was pretty stable on last year, so deeper research might be needed to explain the share price rise.

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

ASX:AMI Earnings and Revenue Growth May 13th 2025

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. So we recommend checking out this free report showing consensus forecasts

A Different Perspective

It's good to see that Aurelia Metals has rewarded shareholders with a total shareholder return of 70% in the last twelve months. Since the one-year TSR is better than the five-year TSR (the latter coming in at 2% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Aurelia Metals by clicking this link.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges.

SANTIAGO (Reuters) – Chilean state-run copper miner Codelco said on Monday that it had reached an agreement with BHP for the multinational firm to explore the "Anillo" mining property.

BHP will spend up to $40 million to explore the area, Codelco said in a statement. BHP could form a tie-up with Codelco to mine there if there is evidence of a favorable business case, Codelco added.

(Reporting by Fabian Cambero; Editing by Brendan O'Boyle)

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, May 12, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) is pleased to provide an update following the resumption of tin concentrate production on 15 April 2025.

The Company’s Bisie tin mine produced 1,290 tonnes of contained tin during the period 15 April 2025 to 11 May 2025 at targeted processing recoveries. Tin production recommenced through the treatment of run-of-mine ore stockpiles, initially from the Mpama North plant folllowed by a restart of the Mpama South plant on 19 April 2025. Blasting and tramming of ore from underground commenced during the last week of April 2025 while mine development rates are in the process of increasing to plan.

Since the mine restart, the first fully documented and approved for export lots of tin concentrate departed by truck on 9 May 2025.

Qualified Persons

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company.

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz SmithCEOAlphamin Resources Corp.Tel: +230 269 4166E-mail: msmith@alphaminresources.com

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 news release.

Mirco Wojnarowicz appointed CEO; Christopher Wright named CFO; Kerstin Wedemann continues as Chief Legal & Corporate Officer.
Dirk Harbecke to focus on the Chairman position.
Leadership transition follows successful internal succession planning and growth initiatives.

TORONTO, May 12, 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce a change in its executive leadership team, effective immediately. This transition marks a significant step in Rock Tech's strategic evolution as the Company advances toward its goal of becoming a leading supplier of lithium for the European and North American battery supply chains.

Dirk Harbecke (left) hands over CEO responsibilities to Mirco Wojnarowicz (right). (CNW Group/Rock Tech Lithium Inc.)

The Company has appointed Mirco Wojnarowicz as Chief Executive Officer (CEO) and Christopher Wright as Chief Financial Officer (CFO). Kerstin Wedemann will continue as Chief Legal & Corporate Officer. Mirco has been with Rock Tech for three years and Chris was an external hire in 2024 with the intention to transition him into the CFO role in 2025.

Dirk Harbecke, who has served as interim CEO since 2022, will remain Chairman of the Board and as Rock Tech's largest shareholder, also ensure ongoing leadership continuity and strategic oversight. Under his leadership, the Company strengthened its internal talent pool and implemented formal succession planning. This leadership transition reflects that long-term approach to sustainable growth.

"For Rock Tech, these appointments mark an important milestone on the path of our ambitious execution strategy. We are delighted that Mirco has accepted our offer to become CEO. He is an exceptional individual who has already delivered key milestones as VP Business Development over the past 3 years. He is a very inclusive leader with significant global lithium industry experience, a profound understanding of our operations and strategy, as well as the core values of Rock Tech. Mirco is going to be an exceptional CEO and will lead the company into its next phase of growth as a key player in the European and North American battery materials supply chain," said Dirk Harbecke, Chairman of the Board. "Together with Chris as our new CFO, whose extensive experience in mining and finance will bring significant value to Rock Tech, and Kerstin with her strong background in legal and corporate matters continuing in her leadership role, we have the right team in place for Rock Tech's exciting next chapter."

Mirco Wojnarowicz brings over 15 years of international leadership experience in the industrial and energy sectors. Since joining Rock Tech in 2022 as Vice President of Business Development, he has successfully driven strategic initiatives, including securing offtake and feedstock agreements and establishing Rock Tech's lithium joint-venture with Transamine SA in Switzerland. Prior to Rock Tech, he held senior divisional leadership roles at Mitsubishi Power Europe, where he led international teams and oversaw major commercial and risk management programs.

Chris Wright has 15+ years of experience in finance and mining. This most recently includes a role at Liontown Resources where he helped deliver project financing for the Australian based lithium producer. Prior to this, Chris provided corporate advice to mining companies, managed natural resource investments for ultra-high net worth clients, and led assessments of project financing at the Australian Treasury. He holds a Master's degree in Applied Finance from the Australian National University and a Master's degree in Mining Engineering from the University of New South Wales.

"I am honoured to take on the role of CEO at such an exciting and pivotal time in Rock Tech's journey," said Mirco Wojnarowicz, CEO Rock Tech Lithium. "We have a clear mission, a strong team, and a strategy focused on execution to deliver high-quality lithium products and build fully functional, local battery supply chains. I look forward to working with our talented colleagues, the board and partners to unlock the full potential of our business."

The Company has accepted the resignation of Mr. Dirk Harbecke and Mr. Derek Sobel from their interim positions (the latter as CFO) and would like to extend its sincere thanks to both for their services and contributions. Mr. Sobel will continue his work at Rock Tech as the Company's Group Financial Controller.

On behalf of the Board of Directors,

Dirk HarbeckeChairman

ABOUT ROCK TECHRock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Red Rock, Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATIONCertain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the intended use of proceeds from the Offering and allocation thereof; listing of the Unit Shares on the TSX-V, including obtaining the final acceptance of the TSX-V; discussions with strategic and financial investors to explore potential opportunities for investments directly at the project level, including the Company's converter projects in Germany and Canada and the Georgia Lake Project; and Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company's operations and properties. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things: the satisfaction of the conditions to obtain final acceptance of the TSX-V approval for the listing of the Unit Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; Rock Tech's ability to procure supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-lithium-announces-executive-management-transition-302452293.html

SOURCE Rock Tech Lithium Inc.

Release Date: May 08, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

Compass Minerals International Inc (NYSE:CMP) successfully reduced North American highway deicing inventory values by 47% and volumes by 59% year over year.
The company realized approximately $145 million in working capital release from inventory, aiding in reducing total debt by more than $170 million.
Consolidated revenue for the second quarter increased by 36% year over year to $495 million.
The company is well-positioned to optimize production and inventory levels for the upcoming North American highway deicing bid season.
CMP increased its adjusted EBITDA guidance for the year, showing improvements in both the Salt and corporate segments.

Negative Points

Operating loss for the quarter was $3.1 million, although improved from the previous year’s $39.3 million loss.
Consolidated net loss was $32 million, compared to a net loss of $38.9 million in the prior period.
Pricing for salt was down 5% year over year, with net revenue per ton decreasing by 4%.
Operating earnings per ton in the salt business decreased by 31%, and adjusted EBITDA per ton decreased by roughly 30%.
The plant nutrition business saw an 8% decrease in pricing year over year, despite a 16% increase in revenue.

Q & A Highlights

Warning! GuruFocus has detected 9 Warning Signs with CMP.

Q: Can you explain why accounts receivable levels rose from December to March, and if this will be a significant source of cash going forward? A: Peter Feldman, CFO, explained that there are a couple of insurance settlement matters within the accounts receivable and accounts payable balances, which caused a slight increase. However, as the quarter progresses, these balances are expected to decrease slightly due to the natural flow of inventory.

Q: What insights can you share about the upcoming bid season for highway deicing salt, particularly regarding volume commitments and regional demand? A: Edward Dowling, CEO, noted that the market is more constructive compared to previous years due to lower inventories and a recent winter season. Ben Nichols, Chief Commercial Officer, added that early data points on tender sizes indicate a positive dynamic, with some regions showing significantly increased demand.

Q: What are the plans for improving margins in the SOP (Sulfate of Potash) business, given recent high shipment levels? A: Edward Dowling, CEO, stated that efforts are underway to control brine chemistries and restore evaporation ponds to historical levels, which will help reduce SOP production costs. Pat Marin, COO, added that ongoing projects and capital improvements will drive incremental improvements over time.

Q: How is the company addressing the balance sheet and cash flow statement, considering recent events? A: Peter Feldman, CFO, mentioned that the company is managing accounts receivable and payable balances, and expects a natural flow of inventory to help stabilize these figures. The company is also focused on reducing debt and optimizing cash flow.

Q: What is the company’s strategy for the North American highway deicing business, given the recent inventory drawdown? A: Edward Dowling, CEO, explained that the company successfully reduced inventory levels, freeing up cash and reducing debt. The company is now well-positioned to optimize production and inventory levels for the upcoming bid season, with a focus on maintaining flexibility in operations and capital plans.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

This article first appeared on GuruFocus.

Virtual Investor Conferences

Company Executives Share Vision and Answer Questions Live at VirtualInvestorConferences.com

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Metals and Mining Virtual Investor Conference, held May 6th-8th are now available for online viewing.

The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section.

Select companies are accepting 1×1 management meeting requests through May 13th.

May 6th

Presentation	Ticker(s)
Northern Superior Resources Inc.	(OTCQB: NSUPF \| TSXV: SUP)
Luca Mining Corp.	(OTCQX: LUCMF \| TSXV: LUCA)
Castille Resources Limited	(OTCQB: CLRSF \| ASX: CST)
Sun Summit Minerals Corp.	(OTCQB: SMREF \| TSXV: SMN)
Amex Exploration Inc.	(OTCQX: AMXEF \| TSXV: AMX)
Ucore Rare Metals, Inc.	(OTCQX: UURAF \| TSXV: UCU)
Kootenay Silver Inc.	(OTCQX: KOOYF \| TSXV: KTN)
Camino Minerals Corp.	(Pink: CAMZF \| TSXV: COR)
Precipitate Gold Corp.	(OTCQB: PREIF \| TSXV: PRG)
Callinex Mines Ltd.	(OTCQX: CLLXF \| TSXV: CNX)

May 7th

Presentation	Ticker(s)
Canada Nickel Company Inc.	(OTCQX: CNIKF\| TSXV: CNC)
Anfield Energy Inc.	(OTCQB: ANLDF \| TSXV: AEC)
Newcore Gold Ltd.	(OTCQX: NCAUF \| TSXV: NCAU)
Empire Metals Ltd.	(OTCQB: EPMLF \| AIM: EEE)
Cerrado Gold Inc.	(OTCQX: CRDOF \| TSXV: CERT)
Silver Tiger Metals Inc.	(OTCQX: SLVTF \| TSXV: SLVR)
Horizon Copper Corp.	(OTCQX: HNCUF \| TSXV: HCU)
Kodiak Copper Corp.	(OTCQB: KDKCF \| TSXV: KDK)
Rua Gold Inc.	(OTCQB: NZAUF \| TSXV: RUA)
DynaResource, Inc.	(OTCQX: DYNR)

May 8th

Presentation	Ticker(s)
Novo Resources Corp.	(OTCQB: NSRPF \| TSX: NVO)
Ecora Resources PLC	(OTCQX: ECRAF \| TSX: ECOR)
Power Metallic Mines Inc.	(OTCQB: PNPNF \| TSXV: PNPN)

To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

About Virtual Investor Conferences®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

Virtual Investor Conferences Contact:John M. ViglottiSVP Corporate Services, Investor AccessOTC Markets Group (212) 220-2221johnv@otcmarkets.com

Freeport-McMoRan Inc.’s FCX shares have rallied 19.6% in the past month. It has outperformed the Zacks Mining – Non Ferrous industry’s rise of 11.4% and the S&P 500’s gain of 6.6% over the same period. Its peers, Southern Copper Corporation SCCO and BHP Group Limited BHP, have gained 7.6% and 10.8%, respectively, over the same period. While FCX's first-quarter results showed a decline in both top and bottom line, its guidance showed lower expected unit costs and stronger copper and gold sales volumes for the second quarter. This, coupled with share buyback activities, likely buoyed investor sentiment, leading to share price appreciation.

Freeport’s One-Month Price PerformanceZacks Investment Research

Image Source: Zacks Investment Research

Technical indicators show that FCX has been trading below the 200-day simple moving average (SMA) since Nov. 11, 2024. The stock is currently trading above its 50-day SMA. Following a death crossover on Dec. 3, 2024, the 50-day SMA continues to read lower than the 200-day SMA, indicating a bearish trend.

FCX Stock Trades Above 50-Day SMAZacks Investment Research

Image Source: Zacks Investment Research

Let’s take a look at FCX’s fundamentals to better analyze how to play the stock.

Freeport’s Growth Actions to Drive Capacity & Production

Freeport is well-placed with high-quality copper assets and remains focused on strong execution and advancing its organic growth opportunities. At its Cerro Verde operation in Peru, a large-scale concentrator expansion provided incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. It is evaluating a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde. FCX is also conducting pre-feasibility studies (expected to be completed in 2026) in the Safford/Lone Star operations in Arizona to define a significant sulfide expansion opportunity. It also has expansion opportunities at Bagdad in Arizona to more than double the concentrator capacity of the operation. Also, PT Freeport Indonesia (PT-FI) substantially completed the construction of the new greenfield smelter in Eastern Java during 2024, with an expected start-up in second-quarter 2025, followed by a full ramp-up by the end of 2025. PT-FI is also developing the Kucing Liar ore body within the Grasberg district with a targeted commencement of production by 2030. Gold production also commenced at the new precious metals refinery in late 2024. Plans are in place to transition PT-FI’s existing energy source from coal to natural gas, which is expected to significantly reduce greenhouse gas emissions at Grasberg.

FCX’s Solid Financial Health & Capital Discipline Bode Well

FCX has a strong liquidity position and generates substantial cash flows, which allow it to finance its growth projects, pay down debt and drive shareholder value. It generated operating cash flows of around $1.1 billion in the first quarter of 2025. It has distributed $5 billion to its shareholders through dividends and share purchases since June 30, 2021. Freeport ended the first quarter with strong liquidity, including $4.4 billion in cash and cash equivalents, $3 billion in availability under the FCX revolving credit facility and $1.5 billion in availability under the PT-FI credit facility.At the end of the first quarter, Freeport had a net debt of $1.5 billion, excluding PTFI’s new downstream processing facilities. Its net debt is below its targeted range of $3-$4 billion. Freeport has a policy of distributing 50% of the available cash to shareholders and the balance to either reduce debt or invest in growth projects. FCX has no significant debt maturities until 2027. Its long-term debt-to-capitalization is around 23.4% compared with 41.2% for Southern Copper and 26.7% for BHP Group.FCX offers a dividend yield of roughly 0.8% at the current stock price. Its payout ratio is 22% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of about 21.8%. Backed by strong financial health, the company's dividend is perceived to be safe and reliable.

Retreating Copper Prices Pose Concerns for FCX

Copper prices remain volatile this year amid global economic and trade uncertainties. The uncertainties surrounding U.S.-China trade tensions continue to impact prices. Copper prices surged to a new record high of $5.24 per pound in late March as buyers stocked up the commodity amid concerns that President Donald Trump could impose tariffs on copper, leading to a disruption in the global supply chain. However, prices nosedived to around $4.1 per pound in early April amid demand worries due to tariffs, which threatened to cause a broader slowdown globally. Prices of the red metal moved up in late April to roughly $4.9 per pound amid a weakening U.S. dollar on heightened concerns about the prospect of a downturn in the U.S. economy. However, prices have again retreated to around $4.5 per pound lately on weak global demand and increased supply. Weaker global manufacturing activities pose risks to copper demand. Copper demand is also likely to remain under pressure at least through the first half under the weight of tariffs.

FCX’s FY25 Earnings Estimates Going Down

Freeport’s earnings estimates for 2025 have been going down over the past 60 days. The Zacks Consensus Estimate for 2025 has been revised lower over the same time frame. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

Zacks Investment Research

Image Source: Zacks Investment Research

A Look at FCX’s Valuation

FCX is currently trading at a forward price/earnings of 20.36X, a roughly 6.9% premium to the industry average of 19.04X. The FCX stock is also trading at a premium to Southern Copper and BHP Group.

FCX’s P/E F12M Vs. Industry, SCCO and BHPZacks Investment Research

Image Source: Zacks Investment Research

Final Thoughts: Hold Onto FCX Stock

FCX is poised to gain from progress in expansion activities that will boost production capacity. Robust financial health allows FCX to invest in growth projects and drive shareholder value. Despite these positives, declining earnings estimates and retreating copper prices warrant caution. Holding onto this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

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

Zacks Investment Research

For the quarter ended March 2025, Compass Minerals (CMP) reported revenue of $494.6 million, up 35.9% over the same period last year. EPS came in at $0.63, compared to $1.49 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $413.88 million, representing a surprise of +19.50%. The company delivered an EPS surprise of +61.54%, with the consensus EPS estimate being $0.39.

While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Compass performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average Sales Price per ton – Plant Nutrition: $626.02 versus the two-analyst average estimate of $608.85.
Sales volumes – Total Salt: 5,105 KTon versus 4,150.78 KTon estimated by two analysts on average.
Average Sales Price per ton – Total Salt: $84.76 versus $87.42 estimated by two analysts on average.
Sales volumes – Plant Nutrition: 93 KTon versus the two-analyst average estimate of 76 KTon.
Sales to external customers- Salt: $432.70 million versus $362.42 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +39.4% change.
Sales to external customers- Plant Nutrition: $58.30 million versus the two-analyst average estimate of $46.26 million. The reported number represents a year-over-year change of +16.4%.
Sales to external customers- Corporate & Other: $3.60 million compared to the $3.55 million average estimate based on two analysts. The reported number represents a change of +2.9% year over year.
Operating earnings- Plant Nutrition: -$1.80 million versus the two-analyst average estimate of -$3.66 million.
Operating earnings- Corporate and Other: -$68.20 million versus -$16.50 million estimated by two analysts on average.
Operating earnings- Salt: $66.90 million versus the two-analyst average estimate of $63.52 million.

View all Key Company Metrics for Compass here>>>Shares of Compass have returned +48.7% over the past month versus the Zacks S&P 500 composite's +10.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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

Compass Minerals International, Inc. (CMP) : Free Stock Analysis Report

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

Zacks Investment Research

FMC Corporation (NYSE:FMC) has announced that it will pay a dividend of $0.58 per share on the 17th of July. The dividend yield will be 6.5% based on this payment which is still above the industry average.

This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.

FMC's Payment Could Potentially Have Solid Earnings Coverage

While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. Prior to this announcement, FMC's dividend was making up a very large proportion of earnings and perhaps more concerning was that it was 144% of cash flows. This is certainly a risk factor, as reduced cash flows could force the company to pay a lower dividend.

Looking forward, earnings per share is forecast to rise by 31.6% over the next year. Under the assumption that the dividend will continue along recent trends, we think the payout ratio could be 66% which would be quite comfortable going to take the dividend forward.

NYSE:FMC Historic Dividend May 7th 2025

See our latest analysis for FMC

FMC Has A Solid Track Record

The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The annual payment during the last 10 years was $0.60 in 2015, and the most recent fiscal year payment was $2.32. This implies that the company grew its distributions at a yearly rate of about 14% over that duration. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time.

Dividend Growth Is Doubtful

The company's investors will be pleased to have been receiving dividend income for some time. Let's not jump to conclusions as things might not be as good as they appear on the surface. FMC has seen earnings per share falling at 6.1% per year over the last five years. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. Earnings are forecast to grow over the next 12 months and if that happens we could still be a little bit cautious until it becomes a pattern.

The Dividend Could Prove To Be Unreliable

In summary, while it's good to see that the dividend hasn't been cut, we are a bit cautious about FMC's payments, as there could be some issues with sustaining them into the future. We can't deny that the payments have been very stable, but we are a little bit worried about the very high payout ratio. We would be a touch cautious of relying on this stock primarily for the dividend income.

It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've identified 4 warning signs for FMC (1 doesn't sit too well with us!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.

Toronto, Ontario–(Newsfile Corp. – May 7, 2025) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), is pleased to announce a non-brokered private placement financing for gross proceeds of up to $800,000 through the issuance of up to 16,000,000 units (the "Units") at a price of $0.05 per Unit (the "Offering").

Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of one whole Common Share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.10 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed $0.20 for twenty (20) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant term (the "Reduced Warrant Term") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.

Gross proceeds raised from the Offering will be used for the Company's PL Mine including; permitting, resource expansion and exploration drill program planning, as well as for general working capital purposes.

Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

This press release does not constitute an offer to sell or a solicitation of an offer to buy 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 as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Minnova Corp.

Minnova Corp. is focused on the restart of its PL Gold Mine, which included completion of a Positive Feasibility Study in 2018. The study concluded the restart of the PL Mine, at an average annual production rate of 46,493 ounces over a minimum 5-year mine life, was economically robust. Importantly the global resource remains open to expansion, as does the reserve. The PL Gold Mine benefits from a short pre-production timeline forecast at 15 months, a valid underground mining permit (Environment Act 1207E), an existing 1,000 tpd processing plant, over 7,000 meters of developed underground ramp to -135 metres depth. The project is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon Greenstone Belt of Central Manitoba.

For more information please contact:

Minnova Corp.Gorden GlennPresident & Chief Executive OfficerInvestor Relations: info@minnovacorp.caWebsite: www.minnovacorp.ca

Forward Looking Statements

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.

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251113

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