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We recently published a list of 10 Stocks Outperform Broader Market Last Week. In this article, we are going to take a look at where Harmony Gold Mining Company Ltd. (NYSE:HMY) stands against other stocks that outperformed broader market last week.

Wall Street’s main indices traded lower week-on-week as investor sentiment continued to be dragged by the ongoing trade tensions globally.

The tech-heavy Nasdaq was down by 2.59 percent versus its level on March 21. Meanwhile, the S&P 500 declined by 1.5 percent and the Dow Jones dropped by 0.956 percent.

Ten individual stocks, on the other hand, managed to stay stronger, three of which were particularly notable as funds flocking to gold assets spilled over into their stocks.

In this article, we listed last week’s 10 top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million trading volume.

Why Harmony Gold Mining Company Ltd. (HMY) Went Up Last Week?

An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley.

Harmony Gold Mining Company Ltd. (NYSE:HMY)

Higher gold prices and an optimistic outlook propelled Harmony Gold’s share prices by 10.44 percent last week to end at $14.06 from the $12.73 registered on March 21.

As of Friday, spot prices of gold were up by 0.91 percent to a new all-time high of $3,085.12 per ounce. Friday’s increase marked its 18th record high this year as investor funds flocked to safer assets such as gold to mitigate risks from the ongoing economic uncertainties.

Meanwhile, Bank of America raised its average gold price targets for this year and the next to $3,063 per ounce this year and $3,350 per ounce in 2026.

The new figures were markedly up from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.

Earlier this year, HMY announced that its net income in the first semester grew by 33 percent to R7.9 billion from R5.96 billion in the same period a year earlier, as revenues rose by 18 percent to R37.1 billion from R31.4 billion, with gold revenues contributing to total revenue growth, increasing 19 percent to R35.4 million from R29.7 million.

Overall, HMY ranks 7th on our list of stocks that outperformed broader market last week. While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as HMY but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Antofagasta (LON:ANTO) Full Year 2024 ResultsKey Financial Results

Revenue: US$6.61b (up 4.6% from FY 2023).
Net income: US$829.4m (flat on FY 2023).
Profit margin: 13% (in line with FY 2023).
EPS: US$0.84 (down from US$0.85 in FY 2023).

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

ANTO Production and Reserves

Copper

Production: 0.277 Mt (0.35 Mt in FY 2023)
Proved and probable reserves (ore): 4,377 Mt (3,826 Mt in FY 2023)
Number of mines: 4 (4 in FY 2023)

Molybdenum

Production: 6,720 t (6,890 t in FY 2023)
Proved and probable reserves (ore): 3,182 Mt (2,555 Mt in FY 2023)
Number of mines: 2 (2 in FY 2023)

Gold

Production: 126.17 troy koz (142.04 troy koz in FY 2023)
Proved and probable reserves (ore): 3,182 Mt (2,555 Mt in FY 2023)
Number of mines: 2 (2 in FY 2023)

LSE:ANTO Revenue and Expenses Breakdown March 29th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Antofagasta EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%.

The primary driver behind last 12 months revenue was the Mining – Los Pelambres segment contributing a total revenue of US$3.33b (50% of total revenue). Notably, cost of sales worth US$4.11b amounted to 62% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$789.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ANTO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in the United Kingdom.

Performance of the British Metals and Mining industry.

The company's shares are down 4.7% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Antofagasta that you should be aware of before investing 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.

We recently published a list of 10 Firms End Friday Strong; 3 Reach All-Time Highs. In this article, we are going to take a look at where Harmony Gold Mining Company Limited (NYSE:HMY) stands against other firms that end Friday strong.

Wall Street’s main indices finished the trading week in the negative territory as investor sentiment was weighed down by economic uncertainties brought about by the ongoing trade tensions globally.

The tech-heavy Nasdaq fell the heaviest, by 2.70 percent, followed by the S&P 500, by 1.97 percent, and the Dow Jones, by 1.69 percent.

Despite the broader market downturn, 10 individual stocks showed a strong performance during the trading session, with three companies particularly notable for hitting new all-time highs.

In this article, we listed Friday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume.

Why Harmony Gold Mining Company Limited (HMY) Went Up On Friday?

An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley.

Harmony Gold Mining Company Limited (NYSE:HMY)

Harmony Gold surged by 9.5 percent on Friday to finish at $14.06 apiece as investors snapped up shares in the company following higher gold spot prices and outlook from an investment firm.

As of Friday, 6:24 PM EDT, spot prices of gold were up by 0.91 percent to a new all-time high of $3,085.12 per ounce, marking its 18th record high this year, as investors continued to flock to safer assets amid the ongoing trade tensions globally.

The higher prices pushed Bank of America to raise its average gold price targets for this year and the next. In its market note on Wednesday, the investment firm raised its gold price forecast to $3,063 per ounce this year and to $3,350 per ounce next year. The new figures marked a significant increase from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.

Overall, HMY ranks 1st on our list of firms that end Friday strong. While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as HMY but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

(Bloomberg) — Codelco has retained its status as the world’s biggest copper producer by the slimmest of margins after reporting 2024 output that nudged past that of BHP Group.

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Fool contributor Karen Thomas 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

VANCOUVER, BC / ACCESS Newswire / March 26, 2025 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to report multiple large-scale magmatic sulphide targets generated from a property-wide MobileMTm magneto-telluric ("MMT") geophysical survey completed in late 2024 by Expert Geophysics Limited at its flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana, USA.

Data from the 2024 MMT survey was processed and incorporated into the Company's 3D geological model of the lower Stillwater Igneous Complex to prioritize targets with a focus on expanding current mid- and high-grade mineral resources.

Highlights

Inversion and 3D modeling of results from 2024 MMT geophysical surveys provide multiple coincident multi-kilometer-scale resistivity lows and conductive highs, as shown in the attached Figures.
Magnetic inversion processing from the MMT data provides important information for project-wide structural interpretation and highlights relationships between the metasedimentary floor and ultramafic strata.
Multiple very low frequency ("VLF") data were also acquired, confirming near surface drilled mineralization and structures.
Limited drill testing has been completed on these new targets to date. Where available, drill results confirm polymetallic sulphide-rich Platreef-style mineralization across wide areas of the project, as shown in Table 1, Pictures 2 and 3, and Figure 6.
Results have expanded the detailed 3D geological model of the lower Stillwater Igneous Complex that has been developed by the Company from 9.5 kilometers to 20 kilometers, as shown in Figures 5 and 6.
Results have provided multiple priority drill targets for expansion of mineral resources with particular focus on mid- and high-grade mineralization.
Drill targets are now being finalized and prioritized for planned upcoming drill campaigns.
The Company is working with Glencore plc via the Stillwater West technical committee, and ALS Global (formerly GoldSpot) to harness their cutting-edge Artificial Intelligence and Machine Learning technology and geoscience expertise.

Stillwater's President and CEO, Michael Rowley, said "Having relied on globalized supply chains for decades, the United States has now made clear it intends to secure domestic inventories of, and processing capacity for, nine critical minerals that we have inventoried at Stillwater West. Last week's Executive Order from the White House is the strongest directive yet in this regard, building on similar initiatives that date from 2016, and earlier. As the third largest mineralized layered magmatic complex in the world, the Stillwater Igneous Complex is famously well-mineralized and offers both scale and grade, making it a foundational component of this Government- mandated national policy objective. The Stillwater Igneous Complex has provided the United States with critical minerals for over a century, including the on-going production of palladium, platinum, rhodium, nickel, copper and other metals by our neighbor Sibanye-Stillwater. Our Stillwater West project covers the lower Stillwater Igneous Complex, invoking direct comparisons to the parallel geologic setting of Anglo American's world-class Mogalakwena Mine, and Ivanhoe's Platreef Mine, in South Africa's Bushveld Igneous Complex. We are well positioned to bring these large, polymetallic mine models with robust economics to a similar geological setting in the United States. Following our recent meetings with State and Federal officials, we are focused on accelerating our path to mine development and production. We look forward to providing further updates and invite investors to meet the team at the upcoming shows listed below."

Dr Danie Grobler, Stillwater's Vice-President, Exploration, commented "The MMT electromagnetic, horizontal magnetic gradient, and TargetEM geophysical surveys performed by Expert Geophysics in late 2024 have imaged large coincident low resistivity, conductive and magnetic anomalies proximal to the footwall contact of the Stillwater Igneous Complex. As a result of uplifting during the Laramide tectonic event, these footwall targets can occur near surface, resulting in high quality drill targets that range in depth from shallow to over a kilometer or more. The most conductive anomalies are located proximal to the footwall contact and correspond with net- textured to massive sulphides, some of which have already been drill tested. For example, all six holes drilled during the 2023 exploration season intersected significant zones of net-textured to semi-massive sulphide within the Chrome Mountain area. The MMT results at Chrome Mountain display a large conductive anomaly extending from the historically drilled area towards the southeast along the footwall contact. A similar anomaly is imaged at Iron Mountain within the Camp Zone (CZ), HGR, and Crescent deposit areas. This particular anomaly is focused below Iron Mountain and is connected to the Camp Zone and Crescent deposit areas, extending at depth to around 1,500 meters below surface. The conductive anomaly displaces the highly magnetic anomalies of the Banded Iron Formation within floor rocks of the Stillwater Igneous Complex. Magmatic sulphide mineralization is known to extend below mafic-ultramafic intrusions either through a process of downward percolation or forming part of an intrusive feeder/conduit system. We look forward to drill testing these compelling targets with a focus on expanding our resources in the higher grade categories in particular in the upcoming planned campaign."

Results of Property-Wide Airborne Geophysical Surveys

Stillwater contracted Expert Geophysics Limited to perform large-scale geophysical surveys with the objective of providing comprehensive coverage of the highly prospective lower Stillwater Igneous Complex. Particular focus was given to modeling mid- and high-grade mineralization for expansion of existing mineral resources in these categories in upcoming drill campaigns.

The surveys totaled 1,322 line-kilometers including test surveys over the Chrome Mountain resource area to compare the TargetEM26 time-domain electromagnetic ("EM") survey with the MMT frequency-domain survey. Evaluation of these test surveys alongside the first generation DIGHEM airborne EM survey flown over the project in 2000, together with smaller surveys and extensive ground-based Induced Polarization and magnetic/VLF by the Company, resulted in the decision to fly the property-wide survey using the MMT system. The MMT system's ability to better distinguish and define multiple conductive targets to greater depths, which is not terrain dependent, was confirmed as a result of the survey. An advanced generation of airborne AFMAG, or Audio-Frequency Magnetic, techniques, Expert's MMT system combines the latest advances in electronics, airborne system design, and sophisticated signal processing techniques to use natural electromagnetic signals in the frequency range of 25 Hz – 21,000 Hz to map resistivity and conductivity in the earth below. Multiple VLF data were also acquired, confirming near surface drilled mineralization and structures.

The MMT surveys were completed in three grids, covering Chrome Mountain, Iron Mountain, and the Cathedral target areas at 100-meter line spacing, along with the Stillwater East claim block at 200-meter line spacing.

The surveys proved to be highly successful, with preliminary results enabling completion of the first-ever detailed 3D geological model of the lower Stillwater Igneous Complex. As announced October 16, 2024, that earlier version of the model made the important breakthrough of demonstrating continuity of mineralization across the central 9.5-kilometer length of layered magmatic stratigraphy which hosts the Company's current resources in five deposits.

Recent analysis, including inversion work, has extended the modeled area to approximately 20 kilometers as shown in Figures 5 and 6, with strong electromagnetic anomalies indicated along the footwall contact zone of the Stillwater West project. These anomalies are consistent with the massive sulphide and contact-style nickel- copper sulphide-rich bodies that the Company is targeting, and form important Platreef- or contact-style targets for drill testing.

The high-resolution EM, magnetic, and VLF data provide detailed information about several different lithology contacts, faults, major structures, and conductive geology indicative of nickel-copper sulphide mineralization.

This new survey has provided higher resolution of known and unknown targets that occur near surface and now to a depth of 1.5 kilometers.

The data maps the nature of the footwall contact and corresponding country rock xenoliths, which act as favorable zones for sulphide trap sites. The lower peridotite contact was also well imaged, which hosts most of the current resources, and shows continuity along strike within all three survey grids covering over 34 kilometers (Figures 1 and 2). Magnetic inversion processing from the MMT data proved useful for project-wide structural interpretation and highlights relationships of the metasedimentary floor and ultramafic strata. Strike-extensive, highly magnetic susceptibility anomalies, attributed to the iron formation interbedded within the hornfels floor, served to improve modelling of the down-dip geometry of the footwall contact. This highly prospective floor contact zone forms the main exploration target for polymetallic mineralization across the 34-kilometer span of the Stillwater West project.

Most of the strongest conductive anomalies (< 250 ohm-m) have never been drill tested to date and continue along strike up to five kilometers in the Chrome Mountain area and up to seven kilometers in the Iron Mountain area. Both the Cathedral grid and the Stillwater East grid also have robust conductive anomalies (< 250 ohm-m) that are multiple kilometers in strike length.

Southeast trending, southwest dipping, strike-extensive low magnetic susceptibility anomalies correlate to Laramide fore-thrusts within the floor. The low magnetic signature of these structures is thought to be related to alteration and resultant de-magnetization of the metamorphosed metasedimentary rocks. In addition, isolated low magnetic susceptibility anomalies caused by xenoliths are noted within the lower units of the Peridotite zone. In places these are correlated to drill interceptions of hornfels and fine grained norite which, locally, is out of stratigraphic position. From the xenoliths intersected within drilling and following results from the 2024 MMT program, several anomalously low-magnetic xenoliths were modelled with the bulk of these occurring proximally to the footwall of the Peridotite zone, intermittently along strike.

Drill holes CM2023-04, CM2023-06, and CZ2021-01 are now recognized to be early drill tests of mineralization under hornfels xenoliths:

Table 1 – Past Drill Intercepts of 2025 Target Geophysical Anomalies

Highlighted significant intercepts with grade-thickness values over seven percent-meter recovered Nickel Equivalent ("NiEq") are presented above, except as noted. Recovered NiEq are presented for comparative purposes using conservative long-term metal prices (all USD): $8.00/lb nickel (Ni), $4.00/lb copper (Cu), $22.00/lb cobalt (Co), $1,000/oz platinum (Pt), $1,950/oz palladium (Pd), $1,850/oz gold (Au), and $10,000/oz rhodium (Rh). NiEq is determined as follows: NiEq% = [Ni% x recovery] + [Cu% x recovery x Cu price/ Ni price] + [Co% x recovery x Co price / Ni price] + [Pt g/t x recovery / 31.103 x Pt price / Ni price / 2,204 x 100] + [Pd g/t x recovery / 31.103 x Pd price / Ni price / 2,204 x 100] + [Au g/t x recovery / 31.103 x Au price / Ni price / 2,204 x 100]. In the above calculations: 31.103 = grams per troy ounce, 2,204 = lbs per metric tonne, and 100 and 0.01 convert assay results reported in % and g/t. The following recoveries have been assumed for purposes of the above equivalent calculations: 85% for Ni and 90% for all other listed metals, based on recoveries at similar nearby operations. Total metal equivalent values include both base and precious metals. In terms of dollar value, 0.20% nickel equates to a copper value of 0.40%, or a palladium value of 0.48 g/t, using the above metal values. Intervals are reported as drilled widths and are believed to be representative of the actual width of mineralization.

Picture 1 – Drill hole CM-2023-06 – High-grade polymetallic sulphide mineralization from near the central portion of the robust 5-kilometer-long conductive anomaly (<250 ohm-m) in the Chrome Mountain deposit area, approximately five kilometers west of the Camp Zone (CZ) deposit and drill hole CZ-2021-01 shown in Picture 2.

Interval of drill core from approximately 263 to 272 meters (864 to 892 feet) depth in hole CM-2023-06 showing high-grade nickel and copper sulphide mineralization in an early test of mineralization under hornfels xenoliths. As shown in Table 1, the hole returned a high-grade interval of 5.8 meters at 0.43% Ni, 0.13% Cu, 0.072% Co, plus 1.30 g/t 4E (0.30 g/t Pt, 0.90 g/t Pd, 0.014 g/t Rh, 0.09 g/t Au), within a 25.9-meter interval of mid-grade mineralization at 0.52% total recovered NiEq (0.23% Ni, 0.16% Cu, 0.037% Co, 0.13 g/t Pt, 0.32 g/t Pd, 0.07 g/t Au, 0.009 g/t Rh) which in turn is set within 158.9 meters of bulk tonnage grade mineralization of 0.23% total recovered NiEq (0.11% Ni, 0.06% Cu, 0.017% Co, 0.09 g/t Pt, 0.12 g/t Pd, 0.03 g/t Au, 0.005 g/t Rh), starting at 160.8 meters depth.

Updated Geological Model and Current Resource Estimate

The 2024 geophysical survey results have been incorporated into the 3D geological model. This new model advances the project as it is the first time the lower portion of the Stillwater Igneous Complex has been modeled in detail. This effectively connects the east and west ends of a large world-class district and providing a roadmap to expansion of the Company's resources and advancement of the overall project, which is focused on the lower Stillwater Igneous Complex.

Continuity of mineralization across the entire surface expression of the magmatic layers of the Stillwater Igneous Complex has been demonstrated primarily by Sibanye-Stillwater's J-M Reef deposit, a high-grade PGE-bearing nickel-copper sulphide deposit that spans more than 48 kilometers and supports the highest-grade palladium- platinum mines in the world. Stillwater's current Inferred Mineral Resources of 1.6 billion pounds of nickel, copper and cobalt (1.1 Blbs Ni, 0.5 Blbs Cu, 0.09 Blbs Co), and 3.8 million ounces of palladium, platinum, rhodium, and gold (1.3 Moz Pt, 2.0 Moz Pd, 0.4 Moz Au, 0.1 Moz Rh)1 are hosted in five deposits that remain open for expansion along trend and at depth up to 20-kilometers at the center of the 61-square-kilometer Stillwater West project, which is adjacent to Sibanye-Stillwater along approximately 34 kilometers of strike within the Stillwater Igneous Complex.

Picture 2 – Drill hole CZ-2021-01 – High-grade polymetallic sulphide mineralization from the Camp Zone (CZ) deposit area, located on the western edge of the 7-kilometer-long robust (<250 ohm-m) conductive anomaly below Iron Mountain, approximately five kilometers east of the Chrome Mountain deposits and drill hole CM- 2023-06 shown in Picture 1.

Interval of drill core from 56.0 to 63.6 meters (184 to 209 feet) depth in hole CZ-2021-01 showing high-grade nickel and copper sulphide mineralization in an early test of mineralization under hornfels xenoliths. As shown in Table 1, the hole returned a high-grade interval of 4.6 meters at 0.96% Ni, 0.49% Cu, 0.073% Co, plus 0.87 g/t 4E (0.11 g/t Pt, 0.58 g/t Pd, 0.10 g/t Au, 0.077 g/t Rh), within a longer 63.7-meter interval of high-grade mineralization at 0.84% total recovered NiEq (0.47% Ni, 0.27% Cu, 0.040% Co, 0.12 g/t Pt, 0.42 g/t Pd, 0.07 g/t Au, 0.027 g/t Rh), which in turn is set within 367.6 meters of bulk tonnage grade mineralization of 0.28% total recovered NiEq (0.15% Ni, 0.06% Cu, 0.015% Co, 0.06 g/t Pt, 0.17 g/t Pd, 0.02 g/t Au, 0.009 g/t Rh), starting at 10.8 meters depth.

Upcoming Events

Stillwater's President and CEO, Michael Rowley, will be available at the following events in 2025, in addition to other events to be added as the Company rolls out its marketing plans over the coming year:

SAFE Summit – Washington, DC, USA, Apr 1-2, 2025. For information, click here.

Global Commodity Expo Florida – Fort Lauderdale, Florida, USA, May 11-13, 2025. For information, click here.

Global Commodity Expo Atlanta – Atlanta, Georgia, USA, May 14-16, 2025. For information, click here.

The Mining Investment Event of the North – Quebec City, Quebec, Canada, June 3-5, 2025. For information, click here.

Precious Metals Summit – Beaver Creek, Colorado, September 9-12, 2025. For information, click here.

Precious Metals Summit – Zurich, Switzerland, November 10-11, 2025. For information, click here.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF | FSE: J0G) is a mineral exploration and development company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore plc, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 inferred mineral resource estimate, released January 2023, positions Stillwater West with the largest nickel resource in an active U.S. mining district as part of a compelling suite of nine minerals now listed as critical in the USA. To date, five Platreef-style nickel and copper sulphide deposits host a total of 1.6 billion pounds of nickel, copper and cobalt (1.1 Blbs Ni, 0.5 Blbs Cu, 0.09 Blbs Co), and 3.8 million ounces of palladium, platinum, rhodium, and gold (1.3 Moz Pt, 2.0 Moz Pd, 0.4 Moz Au, 0.1 Moz Rh)1 at Stillwater West. All of these deposits remain open for expansion along trend and at depth.

Stillwater also owns 49% of the high-grade Black Lake-Drayton Gold project adjacent to Nexgold Mining's development-stage Goliath Gold Complex in northwest Ontario, as part of an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory. The Company also holds the Duke Island Cu-Ni-PGE property in Alaska and maintains a back-in right on the high-grade past-producing Yankee-Dundee in BC, following its sale in 2013.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director – Stillwater Critical Minerals

Email: info@criticalminerals.comWeb: http://criticalminerals.com

Phone: (604) 357 4790Toll Free: (888) 432 0075

Footnote: Stillwater West Inferred Mineral Resource Estimate

1) See news release dated January 25, 2023 and associated NI 43-101 Technical Report dated March 14, 2023, entitled "Mineral Resource Estimate Update for the Stillwater West Ni-PGE-Cu-Co-Au Project, Montana, USA", with an effective date of January 20, 2023. The Mineral Resources were estimated by Allan Armitage, Ph.D., P.Geo of SGS Geological Services who is an independent Qualified Person. The Technical Report is available on the company website at www.criticalminerals.com and under the Company's profile at www.sedarplus.ca

Quality Control and Quality Assurance

2023 drill core samples were analyzed by ACT Labs in Vancouver, B.C. Sample preparation: crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm included cleaner sand. Gold, platinum, and palladium were analyzed by fire assay (1C-OES) with ICP finish. Selected major and trace elements were analyzed by peroxide fusion with 8-Peroxide ICP-OES finish to insure complete dissolution of resistate minerals. Following industry QA/QC standards, blanks, duplicate samples, and certified standards were also assayed.

Mr. Mike Ostenson, P.Geo., is the qualified person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure contained in this news release. Mr. Ostenson is a Geologist at Stillwater and is not independent of the Company.

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the company are forward-looking statements that involve various risks and uncertainties. Although Stillwater Critical Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. For more information on Stillwater Critical Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.

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.

Reduced-to-Pole (RTP) magnetic data from the 2024 MobileMTm survey demonstrates:

Highly magnetic anomalies are associated with the mafic-ultramafic rocks of the peridotite zone, and with iron formation outside of the peridotite zone.
Near surface expression of less magnetic country rock xenoliths and structural offset are additional features highlighted by the high-resolution dataset.

Figure 1 – RTP MAGNETIC DATA FROM THE 2024 MMT GEOPHYSICAL SURVEY OVER TOPOGRAPHY WITH OUTLINES OF THE CURRENT DEPOSIT MODELS AND PERIDOTITE ZONESTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

Figure 2 – DEPTH SECTION AT 2600 METERS ELEVATION SHOWING RESISTIVITY (CONDUCTIVITY) FROM THE 2024 MMT GEOPHYSICAL SURVEY WITH TRACE OUTLINES OF CURRENT DEPOSIT MODELS AND PERIDOTITE ZONESTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

3D Apparent Resistivity voxel model derived from the 2024 MobileMTm survey. The dual face vertical section shows low resistivity anomalies (priority drill targets) in close proximity to the lower contact of the Peridotite zone, also confirming the orientations and offsets of major faults.

Figure 3 – LONG-SECTION SHOWING RESISTIVITY (CONDUCTIVITY) FROM THE 2024 MMT GEOPHYSICAL SURVEY WITH TRACE OUTLINES OF CURRENT DEPOSITMODELS ACROSS 10.3 KILOMETERS OF THE STILLWATER COMPLEXSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

Figure 4 – CROSS-SECTION THROUGH THE LAYERED STRATIGRAPHY OF THE STILLWATER IGNEOUS COMPLEX AT THE CHROME AND IRON MOUNTAINDEPOSIT AREAS SHOWING LARGE-SCALE CONDUCTIVE ANOMALIESSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

Magnetic inversion produced from the 2024 MobileMTm (‘MMT') data shows the presence of extensive strike-parallel thrusts within the floor of the Stillwater Complex (shown in black). The low magnetic anomaly is attributed to intense alteration of the adjacent wall rocks of these structures . Isolated low magnetic anomalies are caused by country rock xenoliths (rafts) within the lower parts of the Peridotite zone, some of which have been confirmed in drill intercepts.

The highly magnetic iron formation, interbedded within the hornfels as part of the floor to the Stillwater complex, is confirmed by extensive highly magnetic anomalies below the floor contact of the complex. The geological model has been adjusted to account for the position and geometry of the floor contact based on interpretation of these anomalies. Refer to sections A-A', B-B', and C-C' which show the low and highly magnetic anomalies and their correlation to the floor thrusts and stratigraphic contacts respectively.

Figure 5 – MAGNETIC INVERSION OF THE 2024 MMT GEOPHYSICAL SURVEY ACROSS 20 KM WITH SURFACE OUTLINES OF CURRENT DEPOSIT MODELSSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

A multi-face strike section across the extent of the main claim block at Stillwater West. The strike extensive conductive anomaly derived from the 2024 MobileMTm survey (<250ohm-m resistivity) is shown and can be seen closely underlying the current drill limits within all the target resource areas.

Figure 6 – MULTI-FACE LONG-SECTION ACROSS 20 KM OF THE LOWER STILLWATER COMPLEX SHOWING MULTI-KILOMETER CONDUCTIVE ANOMALIES AND DRILL TESTS OF NEW TARGETSSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

Strike section A-A' due east of the 2023 MRE area at Chrome Mtn. A highly conductive zone can be seen proximal to the floor contact. The conductive anomaly may be attributed to semi-massive/massive magmatic sulphide which formed by entrapment between the country rock xenolith and floor rocks.

Figure 7 – CROSS-SECTION A-A' SHOWING LARGE HIGH-LEVEL CONDUCTIVE TARGET AT CHROME MOUNTAIN DEPOSIT AREASTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

Figure 8 – CROSS-SECTION B-B' SHOWING LARGE HIGH-LEVEL CONDUCTIVE TARGET AT THE HGR DEPOSIT AREA, IRON MOUNTAINSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

Figure 9 – CROSS-SECTION C-C' SHOWING LARGE HIGH-LEVEL CONDUCTIVETARGET AT THE HGR DEPOSIT AREA, IRON MOUNTAINSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of the Company's projects.2: Includes current reserves and resources, and over 15Moz of past production. Based on publicly disclosed production statistics of Sibanye-Stillwater including most recent CPR: https://www.sibanyestillwater.com/business/reserves-and-resources/3: See news release January 25, 2023. Mineral Resources are reported at cut-off grades of 0.20% NiEq.

Figure 10 – STILLWATER DISTRICT – MINES, INFRASTRUCTURE, LAND STATUSSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

1: References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of the Company's projects. 2: Based on publicly disclosed production statistics of Sibanye-Stillwater including most recent CPR: https://www.sibanyestillwater.com/business/reserves-and-resources/

Figure 11 – CROSS-SECTION THROUGH THE STILLWATER IGNEOUS COMPLEXSHOWING STILLWATER WEST AND SIBANYE'S EAST BOULDER MINE COMPLEXSTILLWATER WEST Ni-PGE-Cu-Co + Au PROJECT, Montana, USA

SOURCE: Stillwater Critical Minerals Corp.

View the original press release on ACCESS Newswire

TORONTO, March 26, 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that its Lithium Converter Project in Germany ("Guben Converter") has been recognized as a Strategic Project under the EU Critical Raw Materials Act ("CRMA"). This designation underscores the importance of Rock Tech's Guben Converter to the European battery materials supply chain and further accelerates the Company's mission to provide Europe with sustainable, locally produced lithium. The Guben Converter will produce 24,000 tonnes of battery-grade lithium hydroxide annually — enough to power over 500,000 electric vehicles.

The CRMA, implemented in May 2024, is a cornerstone initiative aimed at securing resilient and sustainable supply of 17 critical raw materials essential for Europe's energy transition. It enhances the EU's capacity for extraction, processing, and refining of strategic raw materials, reduces reliance on imports from third countries while upholding the highest environmental and social standards.

With over 170 applications submitted to the European Commission, Rock Tech is proud that the Guben Converter was selected in this highly competitive process. The European Commission has announced that it will initially use 2bn EUR to support selected projects through loans, financing, and guarantees.

"This milestone not only affirms the strategic value of our Guben project but also positions us as a key enabler of Europe's green industrial future. We are honored to be recognized as a Strategic Project by the European Commission and remain fully committed to advancing a secure, sustainable, and independent lithium supply for Europe." says Dirk Harbecke, CEO & Chairman Rock Tech Lithium.

On behalf of the Board of Directors, Dirk HarbeckeChairman & CEO

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/rock-tech-awarded-strategic-project-status-by-european-commission-302411859.html

SOURCE Rock Tech Lithium Inc.

For Immediate Release

Chicago, IL – March 26, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BHP Group (BHP), Southern Copper SCCO, Freeport-McMoRan Inc. FCX, Teck Resources TECK and Amerigo Resources ARREF.

Here are highlights from Tuesday’s Analyst Blog:

5 Stocks to Keep an Eye On as Copper Prices Approach Record Highs

Amid this strong momentum in copper prices, investors may consider companies like BHP Group, Southern Copper, Freeport-McMoRan Inc., Teck Resources and Amerigo Resources, which are expected to benefit from this rally. Their growth plans make them attractive investment options.

Factors Driving Copper Prices

Tariff Concerns: U.S. President Trump signed an executive order last month to investigate copper imports, citing national security risks from the growing reliance on foreign sources. This has fueled speculation about a 25% tariff. This, in turn, triggered a preemptive scramble among traders to pay higher premiums and expedite shipments to the United States. This rush has tightened supply elsewhere, leading to a spike in prices.

Supply Constraints: The copper market is grappling with inherent supply constraints from prolonged underinvestment in new mining projects and limitations in refining capacity. The extended lead times involved in bringing new mines online, along with the capital-intensive nature of such projects, have resulted in a notable shortage of upcoming copper supply. While demand has been strong, there will be an eventual deficit in metal supply, leading to a situation that will bolster metal prices.

Electrification & Technological Demand: The surging demand for electric vehicles is expected to be a significant growth driver for copper. Moreover, the transition to renewable energy sources, such as solar and wind power, necessitates substantial copper usage. Artificial intelligence (AI), requiring extensive data centers and high-performance computing infrastructure, is another major consumer of copper.

China's Economic Recovery: China's GDP grew by a seasonally adjusted 1.6% in the fourth quarter of 2024, higher than the 1.3% for the third quarter. It marked the strongest quarterly increase since the first quarter of 2023. China's GDP growth target has been set at 4.6% for 2025. China's government is implementing stimulus measures to boost domestic consumption and support the economy. This is expected to boost copper demand.

Copper's Long-Term View Intact

The long-term outlook for copper remains strong, driven by consistent growth in traditional sectors like construction and manufacturing, energy transition (renewables and electric vehicles) and the rise of digital technologies (AI and data centers). Given the supply limitations, this demand surge is expected to push prices higher.

5 Copper Stocks to Watch

We suggest investors keep an eye on these five copper-mining stocks that we have handpicked. These stocks have a Zacks Rank #3 (Hold) and have outperformed the S&P 500's decline of 2.3%. This is shown in the chart below.

These stocks are anticipated to carry the momentum forward, backed by their earnings growth projections.

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

BHP Group: The company expects copper production of 1,845-2,045 kt in fiscal 2025, following a 15-year high production of 1,865 kt in fiscal 2024. In Chile, the company has seven key projects, which can grow copper production to average 1.4 Mtpa through the 2030s. BHP is investing in its 100% owned Copper South Australia asset, focusing on all three operations.

The company recently announced smelter and refinery expansion at Olympic Dam, which is expected to take BHP's copper production in South Australia from 322,000 tons in fiscal 2024 to more than 500,000 tons by early 2030s and 650,000 tons by mid-2030s. BHP and Lundin Mining recently completed the acquisition of Filo Corp and formed a joint venture, Vicuña Corp., to hold the Filo del Sol and Josemaria copper projects. This will help advance one of the most significant copper discoveries globally in recent decades.

BHP also has a 45% interest in the Resolution Copper Project in the United States, one of the largest undeveloped copper projects in the world. BHP expects these projects to deliver more than 2 Mtpa of attributable copper production by the mid-2030s. Efforts to make operations more efficient by adopting technology will continue to aid in reducing costs. BHP's focus on lowering debt is also commendable.

The Zacks Consensus Estimate for BHP's fiscal 2025 earnings suggests year-over-year growth of 3.6%. The estimate has moved up 0.5% in the past 30 days. The stock has gained 1% year to date.

Southern Copper: The company has the largest copper reserve in the industry and operates world-class assets in investment-grade countries, such as Mexico and Peru. SCCO expects copper production of 967,000 tons for 2025, suggesting no change from that registered in 2024. This will be supported by higher production in Peru and production from the new Buenavista zinc concentrator.

The company's capital investment program for this decade exceeds $15 billion and includes investments at the Buenavista Zinc, Pilares, El Pilar and El Arco projects in Mexico, and the Tia Maria, Los Chancas and Michiquillay projects in Peru.

SCCO continues to build its presence in Peru, as the country is the second-largest producer of copper. Southern Copper's Michiquillay is expected to become one of Peru's largest copper mines and will produce 225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an expected mine life of more than 25 years. Production is scheduled to start by 2032. Given its constant commitment to increasing low-cost production and growth investments, SCCO is well-poised to continue delivering an enhanced performance.

The Zacks Consensus Estimate for the Phoenix, AZ-based company's fiscal 2025 earnings indicates year-over-year growth of 6.9%. The estimate has moved up 1.3% over the past 30 days. SCCO has a long-term estimated earnings growth rate of 11%. It has a trailing four-quarter earnings surprise of 7.9%, on average. SCCO shares have gained 9.3% so far this year.

Freeport-McMoRan: The company's strategy to expand reserves through exploration near existing mines is expected to fuel growth. FCX is implementing the latest technologies and data analytics in leaching processes across its North America and South America operations. The leach initiative provided an approximate 50% increase in incremental copper in 2024 compared with 2023 in North America.

FCX is targeting an annual run rate of 300 million pounds by this year-end and a long-term target of 800 million pounds by 2030. Freeport has a policy of distributing 50% of the available cash flows to shareholders and the balance to reduce debt and make investments in growth projects.

Its organic project pipeline containing Kucing Liar/Grasberg District, Bagdad 2X, El Abra expansion and Lone Star sulfide expansions remains strong. Kucing Liar expansion has an expected production of 7 billion pounds of copper through 2041. The Baghdad expansion is expected to add incremental production of 200-250 million pounds of copper annually. El Abra expansion with a potential start-up in 2033 is expected to add 750 million pounds of copper per year.

The Zacks Consensus Estimate for FCX's earnings for fiscal 2025 indicates year-over-year growth of 10.1%. The company has a trailing four-quarter earnings surprise of 15.2%, on average. It has a long-term estimated earnings growth rate of 26.6%. The Phoenix, AZ-based company has gained 9.3% year to date.

Teck Resources: The company's copper production was 446,000 tons in 2024, which marked a 50.7% year-over-year increase due to the ramp-up of QB, which achieved design throughput rates by the end of the year. The same for 2025 is projected at 490,000-565,000 tons, reflecting the ramp-up at QB, and higher production at Highland Valley Copper and Carmen de Andacollo. Highland Valley Copper production is expected to increase significantly in 2025 as mining continues in the Lornex pit, releasing ore that is both higher grade (more metal) and softer (higher mill throughput). The sanction decision for the Zafranal copper-gold project is expected in late 2025.

Zafranal has an expected mine life of 19 years and will produce copper-gold concentrates through an open-pit mining and conventional concentration process. The mine and concentrator are expected to produce an average of 126,000 tons of copper contained in the concentrate during its first five years of production.

Also, the Highland Valley Mine Life Extension is expected to add 17 years to the mine's life. The San Nicolas project's annual estimated production (on a 100% basis) is 63,000 tons of copper and 147,000 tons of zinc in the first five years. The feasibility study and execution strategy are progressing toward a potential sanction decision in the second half of this year. The company expects to increase copper production to 800,000 tons before the end of this decade.

The Zacks Consensus Estimate for Vancouver, Canada-based Teck Resources' 2025 earnings suggests a year-over-year upsurge of 78%. It has a trailing four-quarter earnings surprise of 18.4%, on average. It has a long-term estimated earnings growth rate of 51.8%. The TECK stock has gained 3.4% year to date.

Amerigo Resources: In 2024, the MVC operations produced 64.6 million pounds of copper, delivering a 12% year-over-year improvement and 4% growth from ARREF's guidance. Copper deliveries reached a record 65 million pounds. Net income for 2024 was $19.2 million, a solid improvement from $3.4 million in 2023. For 2025, Amerigo projects production of 62.9 million pounds of copper and 1.3 million pounds of molybdenum, marking the fifth year of increased production guidance.

Backed by its healthy cash balances, minimal debt and robust financial performance, the company continues its capital return strategy that was initiated in September 2021. In 2024, Amerigo returned $21.2 million to shareholders (including both quarterly and performance dividends). Notably, this was the first year the company employed all the elements of the strategy — quarterly dividends, performance dividends and share buybacks. ARREF is planning to end 2025 with a debt-free balance sheet.

The Zacks Consensus Estimate for Vancouver, Canada-based Amerigo Resources' earnings for 2025 indicates a year-over-year surge of 75%. The estimate has been unchanged over the past 30 days. ARREF has a long-term estimated earnings growth rate of 20%. The stock has gained 24.4% year to date.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

Amerigo Resources Ltd. (ARREF) : Free Stock Analysis Report

Teck Resources Ltd (TECK) : Free Stock Analysis Report

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

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Freeport-McMoRan recently affirmed a cash dividend of $0.15 per share, which may have played a role in its share price increase of 16% over the past month. This dividend announcement, with its structured payout comprising both a base and a performance-based variable component, coincided with a broader market characterized by declines in major technology stocks and a generally volatile landscape. While the tech sector saw a notable downturn, FCX's strong movement suggests investor confidence in its financial decisions, supported by positive dividend structuring amid ongoing market fluctuations.

Buy, Hold or Sell Freeport-McMoRan? View our complete analysis and fair value estimate and you decide.

NYSE:FCX Earnings Per Share Growth as at Mar 2025

Uncover the next big thing with financially sound penny stocks that balance risk and reward.

Freeport-McMoRan's shares have shown a very large total return over the last five years, reflecting both share price appreciation and dividends. This period was characterized by several key developments, including technological advancements such as the October 2023 collaboration with Caterpillar to convert its Bagdad mine trucks to an autonomous haulage system. This move aimed at increasing operational efficiency. The announcement of the critical mineral classification for copper, potentially providing a 10% tax credit, could also support cost savings and revenue stability.

Moreover, executive leadership changes, like Kathleen L. Quirk's appointment as CEO in June 2024, indicate steady leadership focused on navigating challenges, including geopolitical tensions and fluctuating metal production levels. Despite these challenges, Freeport-McMoRan's earnings growth in the past year outpaced the Metals and Mining industry, demonstrating resilience even as it underperformed both the market and its industry over the last year. Such developments have shaped the company's substantial returns over the past five years.

Evaluate Freeport-McMoRan's historical performance by accessing our past performance report.

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

Companies discussed in this article include NYSE:FCX.

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

We recently published a list of Pulse of The Market: Tuesday’s 10 Top Performers. In this article, we are going to take a look at where Freeport-McMoran Inc. (NYSE:FCX) stands against other Tuesday’s top performers.

A lackluster trading persisted on the stock market on Tuesday, with all major indices finishing in the green territory, but eked out only slight gains.

The tech-heavy Nasdaq rallied the most, up 0.46 percent, followed by the S&P 500 with 0.16 percent, and the Dow Jones with a marginal 0.01 percent.

Despite the muted trading, investors poured funds into several companies, pushing their prices to achieve modest gains. In this article, we listed the 10 top performers today and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

Why Freeport-McMoran Inc. (FCX) Went Up On Tuesday?

A large open-pit copper mine with heavy machinery extracting minerals from the earth.

Freeport-McMoran Inc. (NYSE:FCX)

Freeport-McMoran rose for a second day on Tuesday, adding 3.36 percent to end at $43.01 as investors resorted to bargain-hunting to take advantage of its cheap valuation while trading in line with higher copper prices.

According to analysts, FCX’s current valuation indicates that it is currently undervalued.

FCX is a US-based mining company based in Phoenix, Arizona, and is currently the world’s largest producer of molybdenum.

Earlier this month, it said that it was hoping President Donald Trump to declare copper a critical mineral, a move that would unlock tax credits to bolster production of the red metal in the US and offset global counterparts.

In the fourth quarter of 2024, FCX saw adjusted net income increase by 14 percent to $450 million from $393 million in the same period a year earlier.

However, adjusted net profit for the full-year period declined by 3.3 percent to $2.146 billion from $2.221 billion in 2023.

Overall, FCX ranks 9th on our list of Tuesday’s top performers. While we acknowledge the potential of FCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as FCX but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Sprott Gold Miners ETF SGDM, which offers exposure to gold stocks, has gained 31.6%, becoming the best-performing ETF of the first quarter.Although most of the stocks in SGDM’s portfolio delivered strong returns, a few have gained more than 50%. These include Orla Mining Ltd. ORLA, SSR Mining Inc. SSRM, Gold Fields Limited GFI, Harmony Gold Mining Company Limited HMY and AngloGold Ashanti PLC AU.Gold mining stocks and ETFs are outperforming this year, driven by a surge in gold price. Mining companies act as leveraged plays on the underlying metal prices and thus tend to experience more gains than their bullion cousins in a rising metal market (read: Gold Mining ETFs Shine Amid Market Rout).Gold has been on an unstoppable rally and recently breached the 3,050 level. The strong safe-haven demand amid economic uncertainties triggered by U.S. President Donald Trump's trade tariff war and escalating geopolitical tensions, as well as potential rate cuts, drove the rally. Gold is often used to preserve wealth during financial and political uncertainty and usually does well when other asset classes struggle. Additionally, the inflationary pressure caused by new tariffs will benefit the precious metal's status as a hedge against rising prices.In the latest meeting, Fed Chair Jerome Powell kept interest rates steady and maintained the two-rate cut projections for this year. Lower interest rates will continue to support gold prices as these raise the yellow metal’s attractiveness compared with fixed-income assets such as bonds. Notably, gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity costs of holding the non-yielding bullion.Apart from these, central banks are among the major drivers of gold prices. Banks are dominant buyers of gold as they seek to diversify their reserves away from the U.S. dollar. In particular, China extended its purchases for the fourth consecutive month in February. According to the latest report from the World Gold Council, global gold demand reached a record high in 2024, driven by sustained central bank buying and growth in investment demand. Central banks accumulated more than 1,000 tons of gold for the third consecutive year (read: Gold ETFs at All-Time High as Bullion Surges Past $3000). Let us take a closer look at the fundamentals of SGDM.

SGDM in Focus

Sprott Gold Miners ETF follows the Solactive Gold Miners Custom Factors Index, which aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges. It holds 35 stocks in its basket, with Canadian firms taking the top spot at 79.2%, followed by 18.7% in the United States. Sprott Gold Miners ETF has amassed $321.7 million in its asset base and trades in a lower volume of around 44,000 shares a day. It charges 50 bps in annual fees from investors.

Best-Performing Stocks of SGDM

Orla Mining is primarily engaged in developing the Camino Rojo Oxide Gold Project, an advanced gold and silver open-pit and heap-leach project located in Zacatecas State, central Mexico. The stock has skyrocketed 63% since the start of the year and accounts for a 3.4% share in the ETF. It has an estimated earnings growth rate of 84% for this year.Orla Mining has a Zacks Rank #3 (Hold) and a VGM Score of A.SSR Mining is a mining company focused on the operation, development, exploration and acquisition of precious metal projects. The company primarily explores for gold, silver, and mineral properties. The stock has jumped 60% so far this year and accounts for a 0.4% share in SGDM’s basket. It has an estimated earnings growth rate of 185.7% for this year.SSR Mining currently has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Gold Fields is one of the world's largest unhedged gold producers, with operating mines in South Africa, Ghana and Australia. The stock has soared 55.8% and accounts for a 1.27% share in the ETF. Gold Fields has an estimated earnings growth of 40.1% for this year.GFI has a Zacks Rank #4 (Sell) and a VGM Score of B.Harmony Gold conducts underground and surface gold mining. It is engaged in related activities such as exploration, processing, smelting and refining. The stock has surged 54.2% since the start of the year and accounts for a 0.39% share in the ETF. Harmony Gold has an estimated earnings growth of 10.2% for the fiscal year (ending June 2025) and has a Zacks Rank #4. It has a VGM Score of B (read: Gold (GLD) or Gold Mining (GDX): Which ETF is Better?).AngloGold operates as a gold mining company in Africa, the Americas and Australia. The company explores for gold. AngloGold has gained 51% so far this year and accounts for a 0.94% share in the ETF. AngloGold has an estimated earnings growth rate of 12.7% for this year but has a Zacks Rank #5 (Strong Sell).

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AngloGold Ashanti PLC (AU) : Free Stock Analysis Report

Gold Fields Limited (GFI) : Free Stock Analysis Report

Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report

Sprott Gold Miners ETF (SGDM): ETF Research Reports

Silver Standard Resources Inc. (SSRM) : Free Stock Analysis Report

Orla Mining Ltd. (ORLA) : Free Stock Analysis Report

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

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TORONTO, March 25, 2025 /CNW/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce the closing of a non-brokered private placement (the "Offering") of units (the "Units"). Pursuant to the Offering, the Company issued an aggregate of 2,636,000 Units at a price $1.00 per Unit for aggregate gross proceeds of $2,636,000.

The Units were offered to and subscribed by existing shareholders and new investors, notably funds from Europe. Rock Tech intends to use the proceeds of the Offering to finance the continued development of the Company's integrated conversion strategy, and for general corporate purposes (including expenses incurred by the Company in connection with the Offering. The Company paid finder fees of EUR 23,967 to an arm's-length party in connection with the closing of this Offering.

Derek Sobel, CFO Rock Tech, comments: "On behalf of the entire team, I want to thank our shareholders for their continued trust and support. Their commitment to our strategy and long-term vision drives us to deliver growth and value. We remain focused on advancing our projects and adhering to disciplined financial management."

Each Unit consists of one common share in the capital of Rock Tech (the "Common Shares", with such Common Shares comprising the Units, the "Unit Shares") and one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant", and together with the Units and the Unit Shares, the "Securities"). Each Warrant entitles the holder thereof to purchase one Common Share (a "Warrant Share") at an exercise price of $1.30 per Warrant Share for a period of 36 months following the date of issuance of such Warrant, subject to and in accordance with the terms and conditions of the certificate evidencing such Warrant, including adjustment in certain circumstances. The Securities offered pursuant to the Offering 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 of any state of the United States and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. The Unit Shares and Warrant Shares have been conditionally accepted for listing on the TSX-V, which is subject to the final acceptance of the TSX-V.

The company also announces that is has granted 2,380,000 stock options to certain directors, officers and employees of the Company. All Options were granted in accordance with the Company's Stock Option Plan. 800,000 of the options were issued to Directors and Officers of the Company. The Options were granted at an exercise price of $1.00. The Options will vest immediately and are exercisable for a five-year term, expiring March 24, 2030.

All dollar amounts in this news release are expressed in Canadian dollars.

On behalf of the Board of Directors, Dirk HarbeckeChairman & CEO

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 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 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; 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.

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SOURCE Rock Tech Lithium Inc.

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Australian shares are showing positive momentum, with the ASX 200 futures climbing as traders anticipate the latest budget announcement. In light of these developments, investors may find it worthwhile to explore opportunities in penny stocks—an investment area that, despite its historical roots, remains relevant for those seeking growth potential at lower price points. By focusing on companies with robust financials and solid fundamentals, investors can uncover hidden gems among these smaller or newer companies.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
CTI Logistics (ASX:CLX)	A$1.635	A$127.55M	★★★★☆☆
MotorCycle Holdings (ASX:MTO)	A$2.05	A$151.3M	★★★★★★
Accent Group (ASX:AX1)	A$1.77	A$1B	★★★★☆☆
EZZ Life Science Holdings (ASX:EZZ)	A$1.56	A$73.59M	★★★★★★
IVE Group (ASX:IGL)	A$2.40	A$371.73M	★★★★★☆
GTN (ASX:GTN)	A$0.62	A$121.75M	★★★★★★
West African Resources (ASX:WAF)	A$2.21	A$2.52B	★★★★★★
Bisalloy Steel Group (ASX:BIS)	A$3.08	A$146.15M	★★★★★★
Regal Partners (ASX:RPL)	A$2.41	A$808.31M	★★★★★★
LaserBond (ASX:LBL)	A$0.38	A$44.59M	★★★★★★

Click here to see the full list of 979 stocks from our ASX Penny Stocks screener.

Let's uncover some gems from our specialized screener.

Alligator Energy

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Alligator Energy Limited is involved in mineral exploration activities across Australia and Italy, with a market cap of A$135.60 million.

Operations: The company has not reported any revenue segments.

Market Cap: A$135.6M

Alligator Energy Limited, with a market cap of A$135.60 million, is pre-revenue and unprofitable, having reported a net loss of A$1.47 million for the half-year ending December 2024. The company has stable weekly volatility at 11% and no debt, providing some financial stability in a volatile sector. Its short-term assets of A$21.1 million comfortably cover both short and long-term liabilities, ensuring liquidity despite its current unprofitability. Recent removal from the S&P/ASX All Ordinaries Index may reflect market challenges but does not affect its cash runway of over a year based on current free cash flow trends.

ASX:AGE Revenue & Expenses Breakdown as at Mar 2025Arafura Rare Earths

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Arafura Rare Earths Limited is involved in the exploration and development of mineral properties in Australia, with a market cap of A$455.90 million.

Operations: The company does not report any specific revenue segments.

Market Cap: A$455.9M

Arafura Rare Earths Limited, with a market cap of A$455.90 million, is pre-revenue and unprofitable, reporting a net loss of A$18.85 million for the half-year ending December 2024. Despite its financial challenges, it has no debt and sufficient short-term assets (A$45.5M) to cover liabilities. Recent capital raised through convertible notes enhances its cash runway beyond 10 months. The company's removal from major indices like S&P/ASX 300 reflects volatility but was recently added to the S&P/ASX Emerging Companies Index, suggesting potential investor interest in its developmental prospects despite management's limited experience.

ASX:ARU Financial Position Analysis as at Mar 2025Djerriwarrh Investments

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Djerriwarrh Investments Limited is a publicly owned investment manager with a market cap of A$811.73 million.

Operations: The company's revenue is derived entirely from its portfolio of investments, totaling A$50.84 million.

Market Cap: A$811.73M

Djerriwarrh Investments Limited, with a market cap of A$811.73 million, has shown robust financial health and stability. Its short-term assets surpass both short-term (A$19.9M) and long-term liabilities (A$15.8M), while earnings have grown significantly by 57.3% over the past year, outpacing industry growth rates. The company's debt is well-covered by operating cash flow, and it maintains more cash than total debt, showcasing effective financial management with reduced debt-to-equity ratios over five years. However, its dividend yield of 4.97% is not fully covered by free cash flows despite high-quality earnings and stable weekly volatility at 2%.

ASX:DJW Revenue & Expenses Breakdown as at Mar 2025Key Takeaways

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Companies discussed in this article include ASX:AGE ASX:ARU and ASX:DJW.

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Copper prices have trended above $5.00 per pound since last week, a level last seen in May 2024. Copper futures for May delivery closed at $5.09 yesterday after hitting a high of $5.18. Prices are being driven by concerns over U.S. tariffs and stimulus measures in China. The metal has had a good run so far this year, notching a gain of 27.9%. It remains to be seen whether the commodity can break its record high of $5.199 per pound set on May 20, 2024.Amid this strong momentum in copper prices, investors may consider companies like BHP Group BHP, Southern Copper SCCO, Freeport-McMoRan Inc. FCX, Teck Resources TECK and Amerigo Resources ARREF, which are expected to benefit from this rally. Their growth plans make them attractive investment options.

Factors Driving Copper Prices

China's Economic Recovery: China’s GDP grew by a seasonally adjusted 1.6% in the fourth quarter of 2024, higher than the 1.3% for the third quarter. It marked the strongest quarterly increase since the first quarter of 2023. China’s GDP growth target has been set at 4.6% for 2025. China’s government is implementing stimulus measures to boost domestic consumption and support the economy. This is expected to boost copper demand.

Copper’s Long-Term View Intact

5 Copper Stocks to Watch

We suggest investors keep an eye on these five copper-mining stocks that we have handpicked. These stocks have a Zacks Rank #3 (Hold) and have outperformed the S&P 500’s decline of 2.3%. This is shown in the chart below.

These stocks are anticipated to carry the momentum forward, backed by their earnings growth projections.

Zacks Investment Research

Image Source: Zacks Investment Research

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.BHP Group: The company expects copper production of 1,845-2,045 kt in fiscal 2025, following a 15-year high production of 1,865 kt in fiscal 2024. In Chile, the company has seven key projects, which can grow copper production to average 1.4 Mtpa through the 2030s. BHP is investing in its 100% owned Copper South Australia asset, focusing on all three operations.The company recently announced smelter and refinery expansion at Olympic Dam, which is expected to take BHP’s copper production in South Australia from 322,000 tons in fiscal 2024 to more than 500,000 tons by early 2030s and 650,000 tons by mid-2030s. BHP and Lundin Mining recently completed the acquisition of Filo Corp and formed a joint venture, Vicuña Corp., to hold the Filo del Sol and Josemaria copper projects. This will help advance one of the most significant copper discoveries globally in recent decades.BHP also has a 45% interest in the Resolution Copper Project in the United States, one of the largest undeveloped copper projects in the world. BHP expects these projects to deliver more than 2 Mtpa of attributable copper production by the mid-2030s. Efforts to make operations more efficient by adopting technology will continue to aid in reducing costs. BHP’s focus on lowering debt is also commendable.The Zacks Consensus Estimate for BHP’s fiscal 2025 earnings suggests year-over-year growth of 3.6%. The estimate has moved up 0.5% in the past 30 days. The stock has gained 1% year to date.

The company’s capital investment program for this decade exceeds $15 billion and includes investments at the Buenavista Zinc, Pilares, El Pilar and El Arco projects in Mexico, and the Tia Maria, Los Chancas and Michiquillay projects in Peru.

SCCO continues to build its presence in Peru, as the country is the second-largest producer of copper. Southern Copper’s Michiquillay is expected to become one of Peru's largest copper mines and will produce 225,000 tons of copper per year (along with by-products of molybdenum, gold and silver) for an expected mine life of more than 25 years. Production is scheduled to start by 2032. Given its constant commitment to increasing low-cost production and growth investments, SCCO is well-poised to continue delivering an enhanced performance.

The Zacks Consensus Estimate for the Phoenix, AZ-based company’s fiscal 2025 earnings indicates year-over-year growth of 6.9%. The estimate has moved up 1.3% over the past 30 days. SCCO has a long-term estimated earnings growth rate of 11%. It has a trailing four-quarter earnings surprise of 7.9%, on average. SCCO shares have gained 9.3% so far this year.

The Zacks Consensus Estimate for FCX’s earnings for fiscal 2025 indicates year-over-year growth of 10.1%. The company has a trailing four-quarter earnings surprise of 15.2%, on average. It has a long-term estimated earnings growth rate of 26.6%. The Phoenix, AZ-based company has gained 9.3% year to date.

Teck Resources: The company’s copper production was 446,000 tons in 2024, which marked a 50.7% year-over-year increase due to the ramp-up of QB, which achieved design throughput rates by the end of the year. The same for 2025 is projected at 490,000-565,000 tons, reflecting the ramp-up at QB, and higher production at Highland Valley Copper and Carmen de Andacollo. Highland Valley Copper production is expected to increase significantly in 2025 as mining continues in the Lornex pit, releasing ore that is both higher grade (more metal) and softer (higher mill throughput). The sanction decision for the Zafranal copper-gold project is expected in late 2025.

Also, the Highland Valley Mine Life Extension is expected to add 17 years to the mine’s life. The San Nicolas project’s annual estimated production (on a 100% basis) is 63,000 tons of copper and 147,000 tons of zinc in the first five years. The feasibility study and execution strategy are progressing toward a potential sanction decision in the second half of this year. The company expects to increase copper production to 800,000 tons before the end of this decade.

The Zacks Consensus Estimate for Vancouver, Canada-based Teck Resources’ 2025 earnings suggests a year-over-year upsurge of 78%. It has a trailing four-quarter earnings surprise of 18.4%, on average. It has a long-term estimated earnings growth rate of 51.8%. The TECK stock has gained 3.4% year to date.

Amerigo Resources: In 2024, the MVC operations produced 64.6 million pounds of copper, delivering a 12% year-over-year improvement and 4% growth from ARREF’s guidance. Copper deliveries reached a record 65 million pounds. Net income for 2024 was $19.2 million, a solid improvement from $3.4 million in 2023. For 2025, Amerigo projects production of 62.9 million pounds of copper and 1.3 million pounds of molybdenum, marking the fifth year of increased production guidance.

The Zacks Consensus Estimate for Vancouver, Canada-based Amerigo Resources’ earnings for 2025 indicates a year-over-year surge of 75%. The estimate has been unchanged over the past 30 days. ARREF has a long-term estimated earnings growth rate of 20%. The stock has gained 24.4% year to date.

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

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

Amerigo Resources Ltd. (ARREF) : Free Stock Analysis Report

Teck Resources Ltd (TECK) : Free Stock Analysis Report

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

Zacks Investment Research

WHITE ROCK, BC / ACCESS Newswire / March 25, 2025 / Honey Badger Silver Inc. (TSXV:TUF)(OTCQB:HBEIF) ("Honey Badger" or the "Company") announces an update on its 100%-owned Nanisivik project, located on Baffin Island, Nunavut. The Nanisivik mine produced over 20 million ounces of silver between 1976 and 2002(3). Over 100 million tonnes of massive sulphide (principally pyrite) (3), were left unmined when the mine closed to depressed zinc and silver prices. Since Nanisivik's closure in 2002, silver and zinc prices are up over 600% and 200% respectively. In addition, since the mine's closure, a deep-water port has been constructed within only kilometres of Nanisivik, as a result of renewed interest from the governments of both Canada and the United States in developing the Arctic.

The company is continuing a comprehensive review of historical exploration and development data from the Nanisivik Project. To date, three priority targets have been identified, including the Deb, Ocean View North, and Area 14. A review of historical exploration drilling at the former mine site identified a number of significant drill intersections located outside mined areas. These discoveries were not followed up at the time due to the focus on production. Thus, each of these represents a priority target, and has the potential with step-out drilling to be the basis of a new economic resource. A selection of significant silver and/or zinc mineralized intercepts from these priority target areas is provided in the table below and the locations of drillholes with significant intersections are illustrated in the figures below.

Honey Badger's CEO, Dorian L. (Dusty) Nicol, commented, "The identification of these targets further reinforces our belief that Nanisivik has great potential to host significant unmined silver-zinc resources within the over 100 million tonnes of massive sulphide that occur on the property. Indeed, mine reports indicate that approximately 5 million tonnes of zinc-silver mineralization were left unmined in the main workings due to low metals prices at the time. We are particularly encouraged to uncover high-grade, shallow intersections from within just 20 metres of surface in unmined target areas, such as the Ocean View North Target, where historic drilling returned 97.6 g/t Ag and 22.8% Zn over 5.3 metres. Nanisivik was profitable at the much lower silver and zinc prices of 1976-2002. One can imagine how profitable it would be today with much higher commodity prices and better infrastructure access, particularly the construction of a deep-water port within only kilometres of the deposit, completed since the mine was shut down. There also remains the potential for significant germanium and gallium mineralization, which was not evaluated by previous operators. It is worth noting that Fireweed Metals Corp. recently attracted up to $34.5 million in funding for critical metals development at its Macmillan Pass deposit from the Canadian and U.S governments (Fireweed Metals Corp. news release dated December 13, 2024). Nanisivik and Macmillan Pass share some aspects of geologic setting and contain a similar mix of metals. In addition, the massive pyrite body itself is a potentially economic resource as an industrial source of sulphuric acid. The construction of a deep-water port within only kilometres of the deposit makes this huge deposit of massive pyrite potentially economic in itself, in light of the foreseen global shortage of sulphuric acid. The Company will be commissioning a desk study to evaluate this possibility. There remains a great deal of available data that the Company is working its way through. Some of this may be appropriate for more advanced evaluation techniques, including AI tools. The Company will continue to issue updates on the results of these investigations."

Deb TargetThe Deb target area is located approximately 3 km southwest of the main orebody at Nanisivik. The Company has examined data from 15 drillholes completed in this area in the 1980's and 1990's. Significant silver (Ag) and zinc (Zn) intersections include; hole 90-51 which intersected 1.3m of 54.9 grams of silver per tonne (g/t Ag) and 5.74% Zn, hole 90-59 which intersected 0.7m of 263 g/t Ag and 34.6% Zn, and hole 91-19 which intersected 0.6m of 290 g/t Ag and 43.0% Zn.

Ocean View North TargetSimilar to the Deb target (above), there are no indications of any mining having been completed at the Ocean View North target area, which is located approximately 1.7km east northeast from the main Nanisivik orebody and some 400m north of the historically mined main Ocean View zone (see Figure below). At the Ocean View North area, data from some 72 historical exploration drillholes was examined and a cluster of significant Ag-Zn intersections were identified at the northern extent of the drilling. Significant silver (Ag) and zinc (Zn) intersections at the Ocean View North target area include hole 87-63 intersected 5.3m of 97.6 g/t Ag and 22.79% Zn, hole 90-28 which intersected 1.3m of 116 g/t Ag and 20.3% Zn.

Area 14The Area 14 target is located approximately ~1.8km southeast of the main Nanisivik orebody (see Figure below). Historical data indicates that a small stope was previously mined at Area 14. However, Honey Badger has examined the data from a cluster of 27 historical drillholes located immediately east and northeast of the historically mined area where a number of significant Ag-Zn intersections have been identified, including; hole A14_85-08 which intersected 2.3m of 280.0 g/t Ag and 27.43% Zn, hole A14_85-10 which intersected 2.3m of 239.3 g/t Ag and 6.10% Zn, and hole 86-191 which intersected 3.0m of 143.3 g/t Ag and 26.16% Zn.

Massive PyriteThe massive pyrite bodies, within which the mined mineralization and the new target areas occur, comprise over 100 million tonnes of massive sulphide, in addition to the almost 18 million tonnes that were mined between 1976 and 2002. They occur as linear, lenticular bodies of massive sulphide, at least 9 of which outcrop at surface. The map below shows the locations of the massive pyrite bodies.

Locations of Historical Drillholes with Significant Ag-Zn Intersections in Unmined Areas at the Nanisivik Project

Table of Historical Drillholes with Significant Ag-Zn Intersections at Unmined Areas at the Nanisivik Project

Locations of Massive Sulphide Bodies at the Nanisivik Project (3)

Nanisivik PropertyThe Company has recently increased the size of its mineral tenure around the past producing Nanisivik Mine on Baffin Island, Nunavut, which now comprises a total of 14 mineral claims covering some 13,373.2 hectares (ha). The Company's original Nanisivik Property comprised 4 claims totaling 5,722.8 ha that cover the former mine site. The company has staked an additional 10 claims totaling 7650.4 ha at and around the Nanisivik area. These claims cover geophysical anomalies identified during the Company's review of the historic data base (see news release dated September 16, 2024). The new claims comprise a further 3 claims that have added 1174.2 ha to the original Nanisivik claim block, 2 claims (1710.4 ha) covering the Chris Creek target located approximately 19 km southeast of Nanisivik, and further 5 claims (4765.8 ha) covering historical geophysical anomalies (conductors) in and around the Adams Sound and Adams River target areas approximately 40 km and 55 km, respectively, southeast of Nanisivik.

About NanisivikThe Nanisivik Mine (near Arctic Bay, Nunavut) produced over 20 million ounces of silver between 1976 and 2002, from 17.9 million tons of ore, grading 9% zinc, 0.72% lead, and 35 grams per tonne silver (3). In addition to the polymetallic orebody, previous exploration identified massive sulphide bodies (principally pyrite) still in place, totaling about 100 million tonnes (3), containing locally anomalous base metal and silver values.

Qualified PersonTechnical information in this news release has been approved by Dorian L. (Dusty) Nicol, the Company's CEO (PG, FAusIMM), who is a Qualified Person (QP) for the purpose of National Instrument 43-101.

About Honey Badger Silver Inc.Honey Badger Silver is a silver company. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. Our projects are located in areas with a long history of mining, including the Sunrise Lake project with a historic resource of 12.8 Moz of silver (and 201.3 million pounds of zinc) Indicated and 13.9 Moz of silver (and 247.8 million pounds of zinc) Inferred (1)(3) located in the Northwest Territories and the Plata high grade silver project located 165 km east of Yukon's prolific Keno Hill and adjacent to Snowline Gold's Rogue discovery. The Company's Clear Lake Project in the Yukon Territory has a historic resource of 5.5 Moz of silver and 1.3 billion pounds of zinc (2)(3). The Company also has a significant land holding at the Nanisivik Mine Area located in Nunavut, Canada that produced over 20 Moz of silver between 1976 and 2002 (2,3). A qualified person has not done sufficient work to classify the foregoing historical resources as current mineral resources and the Company is not treating the estimates as current mineral resources. The historical resource estimates are provided solely for the purpose as an indication of the volume of mineralization that could be present. Additional work, including verification drilling / sampling, will be required to verify any of the historical estimates as a current mineral resources.

(1) Sunrise Lake 2003 RPA historic resource: Indicated 1.522 million tonnes grading 262 grams/tonne silver, 6.0% zinc, 2.4% lead, 0.08% copper, and 0.67 grams/tonne gold and Inferred 2.555 million tonnes grading 169 grams/tonne silver, 4.4% zinc, 1.9% lead, 0.07% copper, and 0.51 grams/tonne gold.

(2) Clear Lake 2010 SRK historic Resource: Inferred 7.76 million tonnes grading 22 grams/tonne silver, 7.6% zinc, and 1.08% lead.

(3) Geological Survey of Canada, 2002-C22, "Structural and Stratigraphic Controls on Zn-Pb-Ag Mineralization at the Nanisivik Mississippi Valley type Deposit, Northern Baffin Island, Nunavut; by Patterson and Powis."

ON BEHALF OF THE BOARDDorian L. (Dusty) Nicol, CEO

For more information please visit our website www.honeybadgersilver.com or contact Mrs. Sonya Pekar for Investor Relations | spekar@honeybadgersilver.com | +1 (647) 498-8244.

Cautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR+ (www.sedarplus.ca) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

SOURCE: Honey Badger Silver Inc.

View the original press release on ACCESS Newswire

Solving the source of the high-grade boulders west of the Thor epithermal deposit!

ESTES PARK, CO / ACCESS Newswire / March 25, 2025 / Taranis Resources Inc. ("Taranis" or the "Company") (TSXV:TRO)(OTCQB:TNREF) is providing additional information from the 2024 exploration work at Thor that was conducted in addition to the deep drilling. In the fall of 2023, a number of high-grade boulders were found at surface, and the results of that boulder sampling were summarized in a News dated November 6/2023. In the summer of 2024, Taranis completed systematic exploration activity in this area including the completion of a soil sampling grid, further boulder sampling, magnetometer/Very Low Frequency ("VLF") surveys and three short diamond drill holes. This area is considered highly prospective because it lies west of the Ripper Fault, that demarks the westernmost area where the epithermal deposit occurs at Thor. It also occurs within an area that is located uphill of the known Thor deposit making it likely the mineralized float samples in this area are not related to the existing epithermal deposit. Within the Ripper Fault itself located on the east side of Horton, a high-grade gold & silver occurrence called Gold Pit was found that includes channel sample results of 6.38 g/t Au, 576 g/t Ag, 0.031% Cu, 7.6% Pb, 0.11% Zn and 0.14% Sb over 0.66m (See Taranis News Release dated November 28, 2022).

Soil Sampling

A total of 204 soil samples were collected with a soil auger in a systematic grid that covered the Horton area. This area has no outcrop, and soil sampling is an effective method to isolate the source of the high-grade boulders. The soil sampling identified seven potential sources for the mineralized boulders, but two of these (Targets 2 & Target 3) appear to have high importance (see attached map).

Surface Grab Sampling

Additional surface grab sampling (47 samples) was undertaken in the Horton Area, and this continued to document a number of high-grade boulders. (See Taranis News Release dated November 6, 2023). Some of the select results of the 2024 grab sampling are shown in the table below.

Select 2024 Grab Sample Results from Horton Area

Sample No.	Hand Sample Description	Au (g/t)	Ag (g/t)	Cd (ppm)	Cu (%)	Pb (%)	Zn (%)	Sb (%)	S (%)
3241321	Chalcedonic boulder, blood red, 5% vugs, very hard.	0.83	13.8	Tr.	Tr.	Tr.	0.00	0.00	-0.3
3241322	Massive coarse-grain pyrite in quartz vein (50% quartz, 50% pyrite)	2.87	11.0	0.4	0.01	0.01	0.00	0.00	24.0
3241323	Heavily oxidized gossan – 30% ankerite 30% quartz 8% pyrite, possible other sulphide.	7.32	888.0	17.2	1.27	0.04	0.16	0.32	8.9
3241324	80% quartz 20% bubbly black appearance numerous vugs, oxidized. Highly gossanous.	6.00	75.7	0.7	0.05	0.08	0.01	0.02	0.5
3241328	Very vuggy quartz, abundant vugging, heavy FeOx, yellow colour.	3.33	54.4	0.1	0.01	0.28	0.01	0.01	0.5
3241333	Extremely gossanous rock, sediment? with numerous small quartz veinlets with galena/tetrahedrite.	3.55	324.0	33.2	0.47	4.17	2.28	0.22	1.9
3241345	Massive grey quartz, with chalcedonic quartz vein 2 cm wide, weathered.	4.64	295.0	0.9	0.04	0.06	0.01	0.01	1.2
3241044	Massive pyrite & tetrahedrite.	14.55	1,045	42.7	3.23	0.05	0.43	3.17	43.4
3241045	Quartz/sediment breccia with vugging.	1.05	292.0	0.9	0.07	0.08	0.01	0.44	0.5
3241046	Banded pyrite with tetrahedrite clots.	3.28	470.0	19.6	1.17	0.28	0.23	0.71	29.7
3241047	Quartz/sediment breccia with dodecahedral pyrite (5%) and early-phase pyrite.	1.88	13.7	0.5	0.03	0.02	0.01	0.02	9.4
3241050	Very weathered, silver-color sulfide., extensive vugging.	6.31	1,705	3.5	0.24	2.40	0.04	0.84	16.3
3241352	Gossan, greywacke with quartz stringers, FeOx, tetrahedrite.	1.24	853.0	10.1	0.42	8.89	0.83	0.39	2.5
3241357	Vuggy FeOx SIF-type boxwork, 'frothy' texture.	6.44	286.0	1.9	0.13	0.03	0.02	0.80	1.9

Grab sampling is not representative of potential subsurface mineralization in the area as the source of the grab samples is unknown, and it is not known how far the boulders have been displaced from their source. However, when the grab samples are interpreted in conjunction with soil samples and other data such as geophysical surveys it can provide further targeting information – particularly in areas where mineralized surface grab samples are underlain by soil geochemical anomalies with similar geochemical signatures. One of the unique aspects of the grab samples taken at Horton in 2024 (and 2023) is the general lack of zinc and lead, and this suggests a different origin than the Thor epithermal deposit that is enriched in these metals.

VLF and Magnetic Surveys

Geophysical surveys were undertaken on the soil sampling grid, and the ground magnetometer survey was able to identify a circular feature that is spatially related to Target areas 3 and 4. This feature is weakly defined, but it does appear to correlate with other circular features identified on satellite images of the area. Targets 2 and 3 appear to originate from the center of this feature. The VLF surveys show two parallel conductive anomalies that originate from the center of Area 3 and extend to the northwest, including one strong VLF conductor located in Target 3.

Diamond Drilling

Three short diamond drill holes were completed on a pre-existing road that transects the Horton Area. These drill holes were not targeted on any specific features and were designed to provide depth to bedrock in the area as well as outlining rock units below colluvium.

‘Scout' Drill Holes Horton Area

Hole	Easting	Northing	Azimuth	Dip	Depth (m)	Colluvium Depth (m)
Thor-243	464,700.2	5,616,432.4	0.0	-90.0	100.3	9.3
Thor-249	464,653.7	5,616,334.9	0.0	-90.0	83.2	3.5
Thor-254	464,534.5	5,616,277.9	196.0	-47.0	90.2	9.1
				Total/Average	273.7	7.3

Drill holes Thor-243 intersected black (carbonaceous) metasediments and metavolcaniclastic rocks that contained minor pyrite and localized breccia zones. The depth of the colluvium was 9.3m, and this is shallow enough that soil sampling should be an effective tool to detect subsurface mineralization. Thor-243 intersected bedrock at a depth of 3.5m below the surface, and this drill encountered zones of significant quartz veining within rocks identical to Thor-243. Drill hole Thor-254 was drilled on the west end of the Horton access road and encountered 9.1m of colluvium before hitting bedrock. Rocks in this hole were dominated by metasedimentary and volcaniclastic rocks, and included areas of significant quartz veining that did not contain appreciable gold or silver.

Comment

John Gardiner, President and CEO of Taranis comments "2024 gave us a much better understanding of the source of grab samples identified in the Horton Area. A combined approach using soil sampling, geophysics, boulder sampling and limited diamond drilling has identified two high-priority targets (Targets 2 & 3) that occur within a circular magnetic feature and have corresponding VLF anomalies. If we are able to successfully identify bedrock-related mineralization in this area and expand the epithermal deposit west of the Ripper Fault and Gold Pit, this opens up a new exploration area at Thor".

Quality Control and Laboratory Methods

All samples for the Thor project were securely delivered to Actlabs in Kamloops, British Columbia. Analytical work was completed both at the Kamloops and Ancaster, Ontario locations. Actlabs is ISO 17025 accredited. Taranis completed two types of geochemical analysis on the drill core.

Soil Samples were collected in the field using a gas-powered auger, and stored in soil sample bags that were subsequently dried in the field . They were analyzed for 42 elements by 4-Acid Digestion / Inductively Coupled Plasma – Mass Spectrometry ("ICP-MS") and for gold by 30g Fire Assay / Atomic Absorption Spectrophotometry ("AAS").

Visibly (or potentially mineralized sections of core) were systematically sampled after sawing the core in half onsite. Samples were analyzed for 42 elements by 4-Acid Digestion / Inductively Coupled Plasma – Mass Spectrometry ("ICP-MS") and for gold by 30g Fire Assay / Atomic Absorption Spectrophotometry ("AAS"). Where overlimit values were encountered in the analysis of these samples, ore-grade' determinations were made using subsequent ICP analysis and gravimetric methods. As a Quality Control ("QC") measure, Taranis also submitted analytical standards into the sample stream every tenth sample in addition to the laboratory's own quality control methods.

Qualified Person

Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under

the meaning of Canadian National Instrument 43-101. John Gardiner is the principal of John J. Gardiner &

Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner has reviewed and approved the comments contained within this News Release.

Taranis currently has 100,348,854 shares issued and outstanding (113,827,227 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geo.), President and CEO

For further information contact:

John J. Gardiner681 Conifer LaneEstes Park, Colorado 80517Phone: (303) 716-5922 Cell: (720) 209-3049 johnjgardiner@earthlink.net

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.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.

SOURCE: Taranis Resources, Inc.

View the original press release on ACCESS Newswire

VANCOUVER, BC / ACCESS Newswire / March 24, 2025 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") applauds the Executive Order signed by United States President Donald J. Trump on March 20, 2025, titled "Immediate Measures to Increase American Mineral Production".

The order invokes emergency powers to prioritize and accelerate domestic production of minerals listed as critical to the United States, with the objective of reducing reliance on imports. This Executive Order is the government's strongest action yet towards restoring America's domestic mining industry and is intended to counter the overwhelming control that other countries have over the supply of a number of minerals listed as critical to the economic and national security interests of the United States.

The order describes funding initiatives for domestic mining projects and calls for accelerated permitting and clarifications to the Mining Act, among other actions. David Copley, a senior executive from Newmont Mining, has been placed in charge of the program via the recently created National Energy Dominance Council.

Stillwater's President and CEO, Michael Rowley, said "Last week's Executive Order exceeded our expectations, listing a number of actions that are very supportive of our work at Stillwater West. Among other actions it invokes the authority of the Defense Production Act, reflecting the urgency of the government mandate to secure supplies of critical minerals as it calls on legislation from 1950 that has been applied previously to matters of national concern, including mineral supply. The Company is working with Congress, the administration, and government agencies with the objective of accelerating our Stillwater West project in Montana towards production by completing the necessary economic and engineering studies in addition to drilling, metallurgical, and other related work. We look forward to providing further updates on this and our work evaluating other aspects of the Executive Order including additional funding channels as well as permitting reforms and other initiatives."

"The order also makes a point of listing copper and gold. This is very relevant to Stillwater because we have a very large polymetallic resource that positions us with a substantial copper inventory and the largest nickel project in an active U.S. mining district, in addition to palladium, platinum, rhodium, chromium, cobalt, and gold plus as yet unquantified amounts of ruthenium and iridium. Overall, Stillwater West is uniquely positioned to become a primary source of nine commodities now listed as critical given our location immediately adjacent to Sibanye-Stillwater's operating mine complex in a historic American mining district where the production of critical minerals dates back to the 1880s."

Full text of the Executive Order is available online here: https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase-american-mineral-production/

Stillwater also commends the recent establishment of February 9th as Montana Mining Day by Governor Greg Gianforte, noting the State's long and prosperous mining legacy.

As announced February 14, 2023, and August 15, 2024, the Company is partnered on $2.75 million in funding from the Department of Energy via two grants under the Advanced Research Projects Agency program via collaborations with Cornell University and Lawrence Berkeley National Laboratory.

Additionally, the Company has been partnered with the U.S. Geological Survey for over seven years at Stillwater West, continuing their multi-decade interest in the Stillwater Igneous Complex.

Upcoming Events

SAFE Summit – Washington, DC, USA, Apr 1-2, 2025. For information, click here.

Global Commodity Expo Florida – Fort Lauderdale, Florida, USA, May 11-13, 2025. For information, click here.

Global Commodity Expo Atlanta – Atlanta, Georgia, USA, May 14-16, 2025. For information, click here.

The Mining Investment Event of the North – Quebec City, Quebec, Canada, June 3-5, 2025. For information, click here.

Precious Metals Summit – Beaver Creek, Colorado, September 9-12, 2025. For information, click here.

Precious Metals Summit – Zurich, Switzerland, November 10-11, 2025. For information, click here.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSX.V: PGE | OTCQB: PGEZF | FSE: J0G) is a mineral exploration company focused on its flagship Stillwater West Ni-PGE-Cu-Co + Au project in the iconic and famously productive Stillwater mining district in Montana, USA. With the addition of two renowned Bushveld and Platreef geologists to the team and strategic investments by Glencore plc, the Company is well positioned to advance the next phase of large-scale critical mineral supply from this world-class American district, building on past production of nickel, copper, and chromium, and the on-going production of platinum group, nickel, and other metals by neighboring Sibanye-Stillwater. An expanded NI 43-101 mineral resource estimate, released January 2023, positions Stillwater West with the largest nickel resource in an active U.S. mining district as part of a compelling suite of nine minerals now listed as critical in the USA.

Stillwater also holds a 49% interest in the high-grade Drayton-Black Lake- gold project adjacent to Nexgold Mining's development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory. The Company also holds the Duke Island Cu-Ni-PGE property in Alaska and maintains a back-in right on the high-grade past-producing Yankee-Dundee in BC, following its sale in 2013.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director – Stillwater Critical MineralsEmail: info@criticalminerals.com Phone: (604) 357 4790Web: http://criticalminerals.com Toll Free: (888) 432 0075

Quality Control and Quality Assurance

Mr. Mike Ostenson, P.Geo., Managing Geologist at Stillwater, is the qualified person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure contained in this news release.

Forward-Looking Statements

SOURCE: Stillwater Critical Minerals Corp.

View the original press release on ACCESS Newswire

We recently published a list of 12 Best Global ETFs to Buy. In this article, we are going to take a look at where Global X Copper Miners ETF (NYSE:COPX) stands against other best global ETFs.

The ETF industry experienced remarkable growth in 2024, with global assets under management (AUM) reaching $14.8 trillion by the fourth quarter. While strong equity market performance contributed to this increase, record-breaking net inflows of $1.88 trillion were the primary driver. This growth was fueled by innovation from ETF and ETP providers, along with increasing investor adoption across different markets, investment styles, and investor types. The factors that have supported the industry’s expansion over the past 30 years, such as transparency, competitive fees, liquidity, and tax benefits in regions like the US, Ireland, and Luxembourg, continue to attract capital.

Europe played a significant role in ETF growth, with AUM nearing $2.3 trillion by the end of 2024, boosted by the rise of online retail savings accounts, as reported by Ernst & Young. European ETFs expanded at a faster pace than the US market, reflecting their smaller share of registered funds at around 12% compared to approximately 25% in the US. The United States remained a major force in global ETF growth, surpassing $10 trillion in AUM by year-end. Other key markets, including Canada, Japan, Australia, Korea, and Taiwan, also saw steady expansion. Active ETFs were largely popular, accounting for a growing share of the European ETF market and representing 8% of US ETF AUM. In the US, active ETFs drove nearly half of all net inflows in 2024.

Institutions heavily sold equities toward the end of 2024, while capital continued to flow into index funds, ETFs, and passive investment strategies. In December, institutional investors sold a net $50.2 billion in equities, a nearly 50% increase from November, making it the highest monthly sell-off of the year, according to S&P Global Market Intelligence. Thomas McNamara, director of issuer solutions at S&P Global Market Intelligence, commented:

“This selling activity intensified toward the year's end, highlighting 2024 as a pivotal year for index investing. As stock pickers continued to reduce their allocations to individual securities, the post-election market rally provided further motivation for broad-based investment strategies.”

At the same time, index funds and ETFs remained net buyers, purchasing $25.89 billion in stocks in December 2024. Though lower than November’s $43.21 billion, the figure remained close to the 12-month average of $24.44 billion. Going into 2025, institutional selling is expected to persist, while index funds and ETFs are likely to continue buying. A shift back to active institutional management appears unlikely unless market conditions change.

Noel Archard, Global Head of ETFs and Portfolio Solutions at AllianceBernstein, highlighted key trends shaping the ETF market in 2025. Growth is accelerating worldwide, with the US active ETF market expected to surpass $3 trillion in the next three years. Investors are increasingly using ETFs for both strategic and tactical portfolio adjustments, particularly in response to market shifts. Active ETFs are a major driver of this growth, expanding beyond fixed-income products into equities, enhanced income strategies, and alternative investments. Regulatory changes in markets are also facilitating their adoption. Meanwhile, passive ETFs continue to grow steadily, having long been a dominant force in the industry. The removal of barriers in certain markets is expected to unlock further demand for active ETFs. Additionally, the rising adoption of model portfolios reinforces ETFs, both active and passive, as efficient investment tools, because investors recognize their advantages over mutual funds and separately managed accounts.

Global X Copper Miners ETF (COPX): Among The Best Global ETFs To Buy

A large open-pit mining site, its machinery providing a long-term supply of copper.

Our Methodology

We curated our list of the best global ETFs by choosing consensus picks from multiple credible websites. These funds offer exposure to a basket of global/international stocks. We have mentioned the 5-year share price performance of each ETF as of March 21, 2025, ranking the list in ascending order of the share price performance. Additionally, we discuss the top holdings of these ETFs to give investors deeper insights. Hedge fund sentiment from Insider Monkey’s Q4 2024 database for each holding is also included.

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).

Global X Copper Miners ETF (NYSE:COPX)

5-Year Share Price Performance as of March 21: 307.93%

Global X Copper Miners ETF (NYSE:COPX) gives investors exposure to a diverse range of copper mining firms. It aims to deliver investment results that follow the performance of the Solactive Global Copper Miners Total Return Index. Established on April 19, 2010, the fund has net assets of $2.9 billion as of March 19, 2025, and its portfolio includes 39 stocks. Global X Copper Miners ETF (NYSE:COPX) offers an expense ratio of 0.65%.

Southern Copper Corporation (NYSE:SCCO) is among the top holdings of the Global X Copper Miners ETF (NYSE:COPX). The company is involved in the mining, exploration, smelting, and refining of copper and other minerals across Peru, Argentina, Chile Mexico, and Ecuador. On March 13, UBS analyst Myles Allsop raised Southern Copper Corporation (NYSE:SCCO)’s rating from Neutral to Buy, while setting a price target of $120. His positive outlook is based on expectations of a copper market deficit driving prices higher and projected volume growth from the SCCO’s Tia Maria project, which could contribute around 10% growth over the next few years.

According to Insider Monkey’s Q4 database, 33 hedge funds were bullish on Southern Copper Corporation (NYSE:SCCO), an increase from 25 funds in the preceding quarter. Fisher Asset Management held the biggest position in the company, with 2.9 million shares worth over $268.2 million.

Overall, COPX ranks 1st on our list of the best global ETFs. While we acknowledge the potential of COPX to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COPX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Key Insights

The projected fair value for BHP Group is AU$54.45 based on 2 Stage Free Cash Flow to Equity
BHP Group is estimated to be 27% undervalued based on current share price of AU$39.54
Analyst price target for BHP is US$44.32 which is 19% below our fair value estimate

In this article we are going to estimate the intrinsic value of BHP Group Limited (ASX:BHP) by estimating the company's future cash flows and discounting them to their present value. We will use the Discounted Cash Flow (DCF) model on this occasion. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

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.

The Model

We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. 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, so we discount the value of these future cash flows to their estimated value in today's dollars:

10-year free cash flow (FCF) forecast

	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Levered FCF ($, Millions)	US$7.82b	US$8.09b	US$7.28b	US$9.58b	US$9.80b	US$10.0b	US$10.3b	US$10.5b	US$10.8b	US$11.1b
Growth Rate Estimate Source	Analyst x9	Analyst x9	Analyst x8	Analyst x2	Analyst x1	Est @ 2.30%	Est @ 2.43%	Est @ 2.52%	Est @ 2.59%	Est @ 2.63%
Present Value ($, Millions) Discounted @ 7.7%	US$7.3k	US$7.0k	US$5.8k	US$7.1k	US$6.8k	US$6.4k	US$6.1k	US$5.8k	US$5.6k	US$5.3k

("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$63b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. 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 2.7%. We discount the terminal cash flows to today's value at a cost of equity of 7.7%.

Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$11b× (1 + 2.7%) ÷ (7.7%– 2.7%) = US$231b

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$231b÷ ( 1 + 7.7%)10= US$110b

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$173b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of AU$39.5, the company appears a touch undervalued at a 27% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

ASX:BHP Discounted Cash Flow March 24th 2025Important Assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. If you don't agree with these result, have a go at the calculation yourself and play with the 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 BHP Group 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 7.7%, which is based on a levered beta of 1.140. 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 BHP Group

SWOT Analysis for BHP Group

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

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

Opportunity

Good value based on P/E ratio and estimated fair value.

Threat

Annual earnings are forecast to decline for the next 3 years.

Moving On:

Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. The DCF model is not a perfect stock valuation tool. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For BHP Group, there are three essential items you should assess:

Risks: Be aware that BHP Group is showing 2 warning signs in our investment analysis , and 1 of those is significant…

Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for BHP's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors.

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. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the ASX every day. If you want to find the calculation for other stocks just search here.

Written by Amy Legate-Wolfe at The Motley Fool Canada

Canada’s energy sector has been under pressure recently, and investors are feeling the impact. The industry has been dealing with a series of challenges, including market volatility, shifting government policies, and now, potential trade disruptions. One of the biggest concerns comes from the recent threat of U.S. tariffs on Canadian crude oil imports. If these tariffs go through, Canadian oil producers could face higher costs, reduced exports, and lower demand from the country’s largest trading partner. This uncertainty has slowed investment decisions and put additional strain on an already challenged sector.

A drop in energy

This situation has already had a significant effect on Canada’s stock market. The energy sector has seen a sharp 5.4% decline in recent weeks, dragging down the TSX from its previous all-time highs. While energy stocks have had a strong run over the past year, this recent pullback has investors wondering whether it’s time to adjust their portfolios. The reality is that energy stocks are inherently volatile, influenced not only by global supply and demand but also by geopolitical risks and trade policies.

If you’re an investor who holds a large portion of your portfolio in Canadian energy stocks, this downturn might be concerning. However, there are ways to manage the risk and protect your investments from further declines. The best strategy is diversification – allocating your funds across different industries that are less affected by these sector-specific issues. One sector that has shown resilience amid these uncertainties is materials, particularly mining and metals. Companies in this space produce essential resources that are always in demand, and some have even benefited from recent market trends.

Mining and metals

A prime example is Teck Resources Limited (TSX: TECK.B), one of Canada’s largest mining companies. It has exposure to multiple commodities, including copper, zinc, and steelmaking coal. While the energy sector has struggled, Teck has managed to perform well due to the growing demand for metals, particularly copper. The transition toward green energy, electric vehicles, and infrastructure development has increased global copper consumption, giving Teck an edge in the current market.

Teck’s most recent earnings report for Q4 2024 showed that it exceeded profit expectations, largely driven by higher copper production. The TSX stock produced 122,100 tonnes of copper in the quarter, marking a 19% increase from the previous year. A key contributor to this growth was the Quebrada Blanca mine in Chile, which accounted for 60,700 tonnes of production.

Looking ahead, Teck has ambitious plans for further expansion. The TSX stock is investing in a de-bottlenecking project at Quebrada Blanca, aiming to increase throughput by 10–15% over the next few years. It expects total copper production for 2025 to range between 490,000 and 565,000 tonnes. This would further solidify its position as a top player in the industry.

Consumer staples

Another way to hedge against energy sector volatility is by considering consumer staples. Alimentation Couche-Tard (TSX: ATD), a global convenience store operator, is an example of a stable TSX stock that can provide steady returns even when other sectors struggle. The company has a strong track record of profitability and expansion, making it a good defensive play during uncertain times.

Similarly, Loblaw Companies (TSX: L), Canada’s largest grocery retailer, has historically performed well in both bull and bear markets. The demand for food and household essentials remains steady, providing stability in a portfolio. While these types of TSX stocks won’t deliver the high-growth potential of energy or mining, they help create a well-rounded investment strategy that can weather market turbulence.

Bottom line

The energy sector’s struggles highlight the importance of not putting all your eggs in one basket. While oil and gas stocks have had strong performance over the years, they come with risks that can sometimes be unpredictable. By diversifying into materials, consumer staples, and other less-volatile industries, you can protect your portfolio from sudden downturns. Market downturns can be nerve-wracking, but they also create opportunities. By adjusting your investment strategy and focusing on well-positioned companies, you can navigate the challenges ahead while still positioning yourself for long-term success.

The post Why This Canadian Sector Is Plummeting and How to Protect Your Portfolio appeared first on The Motley Fool Canada.

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Amerigo Resources (TSX:ARG)	CA$1.91	CA$314.55M	★★★★★☆
Alvopetro Energy (TSXV:ALV)	CA$4.93	CA$179.53M	★★★★★★
PetroTal (TSX:TAL)	CA$0.69	CA$632.47M	★★★★★☆
McCoy Global (TSX:MCB)	CA$3.29	CA$89.42M	★★★★★★
Findev (TSXV:FDI)	CA$0.485	CA$13.89M	★★★★★★
BluMetric Environmental (TSXV:BLM)	CA$1.17	CA$43.2M	★★★★★★

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