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Highlights include 112m at 1.19g/t PGM+Au, including 16m at 2.76g/t PGM+Au and, 156m at 1.01g/t PGM+Au, including 5m at 5.24g/t PGM+Au

VANCOUVER, BC, Oct. 16, 2024 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") is pleased to report that it has received assay results from eight trenches in the Central and North Sectors at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project ("Luanga" or "Luanga PGM+Au+Ni Project"), located in the World Class Carajás Mineral Province, state of Pará, Brazil.

"Trenching has uncovered a wider lateral extent of oxide PGM+Au mineralization at surface, which includes areas with higher grades. These findings suggest a potential increase in the volume of oxide mineralization at Luanga. Additionally, the higher-grade zones within these sections align with or enhance the grades observed in the drilling below the trench lines, supporting our interpretation of supergene enrichment," said Luis Azevedo, Chairman and CEO of Bravo.

Highlights Include:

Trenching across the strike of the Luanga PGM+Au+Ni deposit continues to be successful, with work to date almost complete in the North and Central Sectors. Results highlight significant expansion in the lateral extent of shallow oxide mineralization, which extends across the topographic highs, along the entire 8.1km strike length of the Luanga deposit tested to date.
Results confirm the presence of enrichment in the saprolite zone, while encountering grades that are on par or better than the grade of the oxide mineralization and often improve upon intersections encountered by drilling in the underlying fresh rock.
In the North Sector, trench TRC24LU043, where more pronounced topography again provides clearer evidence of supergene enrichment, returned 156.5m @ 1.01g/t PGM+Au, including 5m @ 5.24g/t PGM+Au.
This "mushrooming" of oxide mineralization in the supergene zone demonstrates the potential for volumetric growth in future volumes of oxide mineralization.
Drilling continues at the T5 target, with assays pending for six drill holes, all of which have all intersected copper sulphide mineralization on the eastern end of T5.

TRENCH-ID	From (m)	To (m)	Width (m)	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	PGM + Au (g/t)	TYPE
TRC24LU030	51.25	249.45	198.20	0.48	0.22	0.03	0.08	0.81	Ox
TRC24LU031B	17.40	129.75	112.35	0.69	0.40	0.03	0.07	1.19	Ox
Including	39.50	56.10	16.60	1.79	0.70	0.12	0.16	2.76	Ox
TRC24LU032	216.30	329.85	113.55	0.69	0.38	0.02	0.02	1.12	Ox
TRC24LU043	30.15	186.65	156.50	0.56	0.37	0.06	0.02	1.01	Ox
Including	38.00	43.00	5.00	2.87	2.00	0.28	0.09	5.24	Ox

Notes:	All 'From', 'To' depths, and 'Thicknesses' are along the topographic surface.
	Type: Ox = Oxide. Recovery methods and results will differ based on the type of mineralization.

Luanga Trenching ProgramTrenching across the strike of the Luanga PGM+Au+Ni deposit aims to improve the interpretation of near surface mineralization and to reduce the distance/spacing between assay data points with the objective of supporting mineral resource classification to the indicated category. The program continues to be successful in meeting Bravo's objectives, with trenching almost complete in the North and Central Sectors and only eight trenches remaining to be completed this year.

Trenches TRC24LU030, 031A+B, 032, 035 and 036 (Figure 1) cover the southern extent of the Central Sector, while trenches TRC24LU043 and 044 are at the southern extent of the North Sector. Trenching continues in the Central Sector, with only 1 trench to complete before commencing in the Southwest Sector. Figure 3 shows the location of trenches in the Central Sector reported in this news release.

Figure 1: Trenching in the Central Sector. (CNW Group/Bravo Mining Corp.)

Trenching results continue to highlight significant expansion in the lateral extent of shallow oxide mineralization, which extends across the topographically elevated areas, along the entire 8.1km strike length of the Luanga PGM+Au deposit. Results also continue to confirm the presence of enrichment in the saprolite zone (above the base of oxidation), but to lesser degree in the Central Sector where the topographic highs are less exaggerated (see the plan view in Figure 1 and Section 1 in Figure 2), encountering grades that are equal or better than average grades of oxide mineralization in surrounding drill holes. In the North Sector, trench TRC24LU043, where more pronounced topography demonstrates clearer evidence of supergene enrichment, returned a result of 156m @ 1.01g/t PGM+Au, including 5m @ 5.24g/t PGM+Au.

Figure 2 (Section 1) illustrates the extent of surface oxide mineralization compared to underlying narrower zones of primary (fresh rock) mineralization observed in drilling below the trench. This "mushrooming" of oxide mineralization in the supergene zone demonstrates the potential for volumetric growth in future oxide mineralization that it was not possible to define by drilling alone.

Trenching continues along the entire 8.1km strike length of the Luanga deposit, with work finalizing the Central Sector and progressing to completion in the Southwest Sector.

Figure 2: Central Sector (Section 1 on Figure 3) – Trenching showing the extent of surface mineralization in comparison to drilling below. (CNW Group/Bravo Mining Corp.)

The same sampling, assay laboratory procedures and QAQC protocols as applied to drill core sampling are applied to trench samples.

Luanga Drilling & Trenching Status

A total of 332 drill holes have been completed by Bravo to date, for 70,577.75 metres, including eight metallurgical holes (not subject to routine assaying). Results have been reported for 267 Bravo drill holes to date. Assay results for 57 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). A total of 37 trenches have been completed to date (for 7,623.08 metres), with results for 36 trenches reported and results for 1 trench pending.

T5 Target – Exploration UpdateDrilling continues at the T5 target, located 1km east of the Luanga PGM+Au Deposit. Assays are pending for drill holes DDH2405T012, 013, 014, 015, 016, and 017, all of which have intersected copper sulphide mineralization on the eastern end of T5.

Complete Table of Recent Intercepts – Trenching

TRENCH-ID	From (m)	To (m)	Thickness (m)	Pd (g/t)	Pt (g/t)	Rh (g/t)	Au (g/t)	PGM + Au (g/t)	TYPE
TRC24LU030	8.00	15.00	7.00	0.49	0.18	0.01	0.07	0.74	Ox
And	22.65	34.65	12.00	0.56	0.17	0.01	0.11	0.85	Ox
And	51.25	249.45	198.20	0.48	0.22	0.03	0.08	0.81	Ox
Including	159.45	328.20	68.75	0.24	0.22	0.01	0.01	0.48	Ox
TRC24LU031A	36.10	51.50	15.40	0.48	0.19	<0.01	0.29	0.97	Ox
And	127.00	133.00	6.00	0.30	0.13	0.08	0.11	0.62	Ox
TRC24LU031B	0.00	4.50	4.50	0.34	0.15	0.07	0.27	0.83	Ox
And	17.40	129.75	112.35	0.69	0.40	0.03	0.07	1.19	Ox
Including	39.50	56.10	16.60	1.79	0.70	0.12	0.16	2.76	Ox
And	135.75	171.40	35.65	0.23	0.38	0.04	0.03	0.68	Ox
And	182.40	205.40	23.00	0.24	0.64	0.03	0.01	0.92	Ox
TRC24LU032	88.20	91.20	3.00	0.63	0.34	<0.01	0.06	1.03	Ox
And	124.60	141.60	17.00	0.32	0.10	0.01	0.12	0.54	Ox
And	145.6	149.60	4.00	0.50	0.22	0.03	0.04	0.79	Ox
And	'65.60	199.30	33.70	0.55	0.22	0.04	0.12	0.93	Ox
And	216.30	329.85	113.55	0.69	0.38	0.02	0.02	1.12	Ox
TRC24LU035	86.10	100.60	14.50	0.24	0.13	0.02	0.12	0.51	Ox
And	108.60	112.60	4.00	0.21	0.12	0.02	0.05	0.40	Ox
And	116.05	135.75	19.70	0.41	0.18	0.02	0.02	0.62	Ox
And	139.75	178.95	39.20	0.61	0.22	0.02	0.01	0.86	Ox
TRC24LU036	No Significant Result
TRC24LU043	30.15	186.65	156.50	0.56	0.37	0.06	0.02	1.01	Ox
Including	38.00	43.00	5.00	2.87	2.00	0.28	0.09	5.24	Ox
TRC23LU044	8.60	75.20	66.60	0.58	0.34	0.06	0.08	1.06	Ox
And	152.05	182.25	30.20	0.71	0.23	0.07	0.02	1.03	Ox

Notes:	All 'From', 'To' depths, and 'Thicknesses' are along the topographic surface.
	Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.

Bravo Mining Corp. Logo (CNW Group/Bravo Mining Corp.)

About Bravo Mining Corp.Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga Project in the world-class Carajás Mineral Province, Para State, Brazil.

Bravo is one of the most active explorers in Carajás. The team, comprising of local and international geologists, has a proven track record of PGM, nickel, and copper discoveries in the region. They have successfully taken a past IOCG greenfield project from discovery to development and production in the Carajás.

The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and hydro grid power. A fully funded +70,000m infill, step out and exploration drilling and trenching program is well advanced for 2024. Bravo's current Environmental, Social and Governance activities includes planting more than 30,000 trees in and around the Project area, hiring and contracting locally, and working to ensure protection of the environment during its exploration activities.

Technical DisclosureTechnical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.

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

Forward Looking StatementsThis news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "Expand", "significant", "greater", "high-grade", "validate", "improve", "enrichment", "successful", "expansion", "clearer evidence", "potential", "growth", "aims", "highlight", "better", variants of these words and other similar words, phrases, or statements that certain events or conditions "may", "should" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing trenching program; the interpretation of the results of trench data, including that the mineralization thickens in the saprolite, is locally supergene enriched, and the impact on future mineral resource estimates thereof; the potential that similar thickening and supergene enrichment may be present along the entire strike length of the Luanga deposit and the impact on mineral resource estimates thereafter; the potential future economics of the saprolite material, including the recoverability of PGMs and Au therein; the results of planned additional trenching; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to results from trenching reasonably reflect consistent zones of oxide mineralization and that future results from additional trenching will continue to see similar broad distribution of oxides with higher grades that the current MRE; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. 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. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Trench Location Details

HOLE-ID	Company	East (m)	North (m)	RL (m)	Datum	Length (m)	Azimuth	Dip	Sector
TRC23LU030	Bravo	658585.030	9340680.410	329.000	SIRGAS2000_UTM_22S	330.45	330.00	0.00	Central
TRC24LU031A	Bravo	658492.930	9340644.180	284.250	SIRGAS2000_UTM_22S	133.00	330.00	0.00	Central
TRC24LU031B	Bravo	658429.546	9340753.902	257.074	SIRGAS2000_UTM_22S	205.40	330.00	0.00	Central
TRC24LU032	Bravo	658455.671	9340506.294	284.139	SIRGAS2000_UTM_22S	382.95	330.00	0.00	Central
TRC24LU035	Bravo	658191.791	9340365.885	249.945	SIRGAS2000_UTM_22S	257.45	330.00	0.00	Central
TRC24LU036	Bravo	658080.962	9340321.578	251.552	SIRGAS2000_UTM_22S	215.70	330.00	0.00	Central
TRC24LU043	Bravo	659850.135	9342569.586	278.419	SIRGAS2000_UTM_22S	186.65	90.00	0.00	North
TRC24LU044	Bravo	659823.827	9342659.840	272.184	SIRGAS2000_UTM_22S	199.35	90.00	0.00	North

Schedule 2: Assay Methodologies and QAQCSamples follow a chain of custody between collection, processing, and delivery to the SGS laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.

Quality Assurance and Quality Control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.

Bravo SGS Geosol
Preparation	Method	Method	Method
For All Elements	Pt, Pd, Au	Rh	Trace Elements
PRPCLI (85% at 200#)	FAI515	FAI30V	ICP40B

Figure 3: Location of Bravo Trenches and Section 1 Reported in this News Release (CNW Group/Bravo Mining Corp.)

SOURCE Bravo Mining Corp.

Cision

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(Bloomberg) — BHP Group Ltd. said iron ore output in its first quarter rose 2% from the year-before, as moves by major miners to ramp up production raise the specter of over-supply.

Most Read from Bloomberg Businessweek

By Rishav Chatterjee

(Reuters) -Global miner BHP beat first-quarter iron ore output estimates on Thursday, spurred by easing of bottlenecks at its Western Australia operations amid efforts by China to revive its grappling property market and faltering economic growth.

The world's largest listed miner over the last year has ramped up the South Flank mine to full production capacity and streamlined its port operations for its Western Australian iron ore business.

The ramp-up comes at a time when mining rivals including Vale and Rio Tinto are moving to expand their supplies. Vale plans to further lift its production, while Rio's Simandou mine will begin production next year.

BHP, which is diversifying into potash, said the $10.5 billion Jansen Stage 1 project was 58% complete.

The miner's upbeat iron ore production update comes as China, the commodity's largest purchaser, has been announcing a slew of stimulus measures to support its downbeat economic recovery.

BHP said iron ore output from Western Australia on a 100% basis was 71.6 million metric tons in the three months to Sept. 30, beating a Visible Alpha consensus estimate of 70.7 Mt, according to a Macquarie note.

"Upcoming stimulus (from China) is likely to focus on relieving local debt, stabilising the property market and bolstering business confidence," said CEO Mike Henry.

BHP, which has been aiming to expand its copper operations, recorded a 4% rise in the metal's output for the quarter, reflecting improved performance at its Escondida mine in Chile.

Analysts at Citi said Escondida output rose on higher grades and throughput at the Chilean mine.

Earlier this year, BHP made a $49 billion bid for British copper major Anglo American, which did not materialise. But BHP joined hands with Lundin Mining to take over Filo Corp, gaining access to more copper assets.

Copper, used widely across the globe, is an ideal conductor of electricity and easily malleable, qualities that have made it widely popular for use in wiring, engines, construction equipment, electronics and other devices.

BHP's shares were up 0.3% at A$43.67 in early trade.

(Reporting by Rishav Chatterjee and Echha Jain in Bengaluru; Editing by Sriraj Kalluvila and Rashmi Aich)

VANCOUVER, BC / ACCESSWIRE / October 16, 2024 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to announce the completion of a property-wide geophysical airborne survey and a breakthrough in 3D geologic modeling of the lower Stillwater Igneous Complex. This new data will drive continued advancement of the project including drill campaigns and the expansion of mineral resources, among other objectives at its flagship Stillwater West Ni-PGE-Cu-Co + Au project in Montana.

Highlights

Property-wide geophysical surveys completed in September 2024 informed the first-ever detailed 3D geologic model of the lower Stillwater Igneous Complex;
The model demonstrates continuity of mineralization across the 9.5-kilometer length of lower Stillwater Igneous Complex which hosts the Company's current resources in five deposits at Stillwater West project;
Historically, 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 40km and supports the highest-grade palladium-platinum mines in the world, and;
Stillwater's current resources of 1.6 billion pounds of nickel, copper and cobalt, and 3.8 million ounces of palladium, platinum, rhodium, and gold are hosted in five deposits that remain open for expansion along trend and at depth across 9.5-kilometers at the center of the 61-square-kilometer Stillwater West project, which is adjacent to Sibanye-Stillwater along approximately 32km of strike within the Stillwater Igneous Complex.

Stillwater's President and CEO, Michael Rowley, said "The team's work this year regarding both the airborne survey and also the detailed geologic model confirm the expansion potential we see in several possible mining scenarios at Stillwater West and inform our campaigns to reach that objective. Together we have successfully leveraged a substantial database including approximately 40,000 meters of drilling to date to complete the first ever geologic model of the lower part of this famously productive and metal-rich American mining district, with a focus on magmatic nickel-copper sulphide mineralization. That wealth of data, combined with Glencore plc's backing and in-house expertise from similar geology in South Africa's Bushveld Igneous Complex, has positioned us exceptionally well with robust inventories of nickel, copper, cobalt, platinum group elements and chromium in an active American mining district at a time when the US is aggressively looking to diminish the current heavy import reliance of nine of the commodities we have inventoried."

"We look forward to further announcements with a focus on continued expansion at Stillwater West while also turning our attention to various studies relating to potential production scenarios. Updates on other initiatives, including pursuit of government funding, monetization of non-core assets, CO2 sequestration and geologic hydrogen studies are also expected."

Property-Wide Airborne Geophysical SurveyExpert Geophysics Ltd. has completed the geophysical surveys over the Stillwater West project as announced July 18, 2024. The surveys, designed and executed in collaboration with Glencore plc via the Stillwater West technical committee, totaled approximately 1,170 line-kilometers and included test surveys over the Chrome Mountain resource area for the purpose of comparing the TargetEM26 time-domain electromagnetic ("EM") survey with the MobileMTm magneto-telluric ("MMT") 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 ("IP") and magnetic/VLF by the Company, resulted in the decision to fly the property-wide survey using the MMT system. The decision was based on the MMT system's demonstrated ability to better distinguish and define multiple conductive targets, and to greater depths.

Stillwater, along with input from Glencore, is now fine-tuning multiple large-scale priority conductive drill targets across the 12-kilometer main resource area in addition to ranking additional large, untested conductive targets across the broader 61-square-kilometer property based on preliminary results of the 2024 survey. Detailed results of the approximately 178 and 992 line-kilometer EM and MMT (respectively) surveys, plus related VLF and magnetic surveys completed by Expert, will be the subject of a subsequent news release as final results become available.

Geologic ModelThe development of a new 3D geologic model of Stillwater West is a major milestone in the advancement of the project as it is the first time the lower portion of the iconic Stillwater Igneous Complex has been modeled in detail. Developed by the Company from over 40,000 meters of drill data in addition to recent mapping and geophysical surveys, it effectively connects the east and west ends of a large and world-class district and provides a roadmap to expansion of the Company's resources and advancement of the overall project, which is focused on the lower Stillwater Igneous Complex.

Figure 1 presents a long section view of the 3D model, focused on 9.5 kilometers in area of the current resources, within the core of the 32-kilometer-long Stillwater West project. The highly prospective Peridotite Zone is shown hosting all deposits from the January 2023 Mineral Resource Estimate and demonstrating the expansion potential that remains untested to date in all directions: between deposits, down dip, and along strike. Strong correlations are shown between the Peridotite Zone, geophysical anomalies, and geochemical soil anomalies across the Stillwater West project, demonstrating exceptional expansion potential.

The surface expression of the J-M Reef deposit is also shown. In production since 1986, the J-M Reef deposit is a 40-kilometer-long high-grade PGE-bearing nickel and copper sulphide reef-type deposit that is located stratigraphically above Stillwater West. Currently mined in three locations by Sibanye-Stillwater, the J-M Reef is known as the highest-grade palladium-platinum deposit in the world. It has been drilled and mapped extensively since its discovery in the early 1970s and is an indicator of the continuity of mineralization across the parallel magmatic layers of the Stillwater Igneous Complex, including the adjacent Stillwater West project.

Vice-President of Exploration Dr. Danie Grobler, said, "Recent breakthroughs in our detailed geological model show pronounced continuity of the mineralized zones along strike in the layered Stillwater Igneous Complex. This is further enhanced by our understanding of the geometry and orientation of these units at depth, improving our confidence in completing successful intersections in future drill campaigns. Preliminary results from the latest geophysical airborne survey – which was designed to provide comprehensive coverage of the prospective lower Stillwater Igneous Complex – indicates strong electromagnetic anomalies along the footwall contact zone of the Stillwater West project which are consistent with the massive sulphide and contact-style Ni-Cu sulphide-rich bodies that we targeted with the survey. These anomalies form important Platreef-contact-style targets for testing in planned upcoming drill campaigns."

Dr. Grobler continued, "It is further anticipated that the survey will open the remainder of the strike length held by the Company for exploring high confidence discovery targets in the future. This season also included a follow-up confirmatory investigation by our technical advisor, Professor Wolfgang Maier, who is in the process of completing a detailed collaborative scientific paper on the Peridotite Zone of the Stillwater Igneous Complex, as first author. This work has enhanced our understanding of the geochemistry and mineralization styles and controls of the lower Stillwater Igneous Complex stratigraphy."

Government FundingThe Company is now partner to USD 2.75M in funding from the U.S. Department of Energy ("DOE") via two grants under the Advanced Research Projects Agency program via collaborations with Cornell University and Lawrence Berkeley National Laboratory, as announced February 14, 2023, and August 15, 2024, in addition to work with the US Geological Survey and state organizations.

The Company has been partnered with the US Geological Survey at Stillwater West for over six years, continuing their multi-decade interest in the Stillwater Igneous Complex.

Stillwater is pursuing additional US government funding, including recent applications in response to announced opportunities available through the Department of Energy and the Department of Defense.

Parallels With the South Africa's Bushveld ComplexThe Stillwater Igneous Complex is well-known to parallel South Africa's Bushveld Igneous Complex, and developments at the Stillwater complex have generally paralleled those at the Bushveld, highlighting their significant geologic similarities. For example, Sibanye-Stillwater's high-grade J-M Reef deposit was discovered by the direct application of geologic models developed during discovery of the high-grade Merensky reef deposit in the Bushveld.

More recent developments on the Bushveld have focused on the Platreef deposits, in the northern limb of the Bushveld, which depart from the conventional narrow reef-type mines that dominate global platinum group element mining with the occurrence of thick mineralized horizons that support bulk mining techniques and include much higher battery metal content. The mines of the Platreef are among the largest and most profitable in the world, and their mix of commodities offers an attractive internally hedged suite of in-demand critical minerals that is globally very rare. Starting with 1 Anglo American's PGE-Ni-Cu Mogalakwena mines in 1993 and continuing today with 2 Ivanhoe's underground Platreef mine, these mines have demonstrated the world-class nature of these bulk-tonnage, critical mineral systems within the Bushveld complex. With more than 20 billion pounds of nickel and copper in sulphide mineralization, and over 200 million ounces of platinum group metals and gold, these two mines are known primarily as platinum group element mines yet are also the largest nickel mines in South Africa.

Platreef-style deposits also compare very favorably in an environmental sense as they contain nickel sulphide mineralization that is capable of producing nickel metal with a much smaller footprint than nickel recovered from laterite deposits, which currently provides the majority of global nickel supply. Additional environmental benefits are possible through reaction of atmospheric carbon dioxide with certain ultramafic rocks present in Platreef-style deposits, and the production of hydrogen from those rocks. Testwork is underway to evaluate the potential for commercial-scale carbon sequestration and hydrogen production during a possible mining operation Stillwater West.

Footnote 1. Anglo American Mineral Resources and Reserves Report 2022: Measured and Indicated Mineral Resources: 1,665.40 MT at 2.29 4E g/t, Inferred Mineral Resources: 423.8 MT at 2.18 4E g/t.

Footnote 2. Ivanhoe Mines Ltd, Platreef Feasibility Study, March 2022: Indicated Mineral Resources; 2 g/t Cut-off 3PE+Au 346 MT at 1.68 g/t Pt, 1.70 g/t Pd, 0.28 g/t Au, 0.11 g/t Rh, 0.16% Cu, 0.32% Ni Inferred Mineral Resources; 2 g/t Cut-off 3PE+Au 506 MT at 1.42 g/t Pt, 1.46 g/t Pd, 0.26 g/t Au, 0.10 g/t Rh, 0.16% Cu, 0.31% Ni.

Upcoming EventsStillwater's President and CEO, Michael Rowley, will be available for meetings and presenting at the following events:

Red Cloud Fall Mining Showcase – Toronto, ON, October 16-17. To register, click here.

Commodities Global Expo 2024 – Fort Lauderdale, FLA, October 20-21. For more information and registration, click here.

Precious Metals Summit – Zurich, CH, November 11-12, 2024. For more information, click here.

121 Mining Events – London, UK, November 14-15. For more information, click here.

About Stillwater Critical Minerals Corp.Stillwater Critical Minerals (TSXV: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 US 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, and 3.8 million ounces of palladium, platinum, rhodium, and gold at Stillwater West. All of these deposits remain open for expansion along trend and at depth.

Stillwater also holds the high-grade Black Lake-Drayton 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.

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 AssuranceMr. 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.

Forward-Looking StatementsThis 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.sedar.com.

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

SOURCE: Stillwater Critical Minerals Corp.

View the original press release on accesswire.com

Southern Copper (SCCO) closed at $113.14 in the latest trading session, marking a +1.46% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.47%. Meanwhile, the Dow experienced a rise of 0.79%, and the technology-dominated Nasdaq saw an increase of 0.28%.

Shares of the miner witnessed a gain of 12.43% over the previous month, beating the performance of the Basic Materials sector with its gain of 6.97% and the S&P 500's gain of 3.48%.

The investment community will be closely monitoring the performance of Southern Copper in its forthcoming earnings report. The company's upcoming EPS is projected at $1.12, signifying a 41.77% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.91 billion, up 16.31% from the prior-year quarter.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.45 per share and a revenue of $11.65 billion, signifying shifts of +43.09% and +17.68%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Southern Copper. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 5.14% rise in the Zacks Consensus EPS estimate. At present, Southern Copper boasts a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Southern Copper has a Forward P/E ratio of 25.07 right now. This expresses a premium compared to the average Forward P/E of 20.03 of its industry.

Meanwhile, SCCO's PEG ratio is currently 1.2. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Mining – Non Ferrous industry held an average PEG ratio of 0.83.

The Mining – Non Ferrous industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 26% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

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Zacks Investment Research

The market expects Southern Copper (SCCO) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus Estimate

This miner is expected to post quarterly earnings of $1.12 per share in its upcoming report, which represents a year-over-year change of +41.8%.

Revenues are expected to be $2.91 billion, up 16.3% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.84% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Earnings Whisper

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

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

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

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

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

How Have the Numbers Shaped Up for Southern Copper?

For Southern Copper, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +7.62%.

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

So, this combination indicates that Southern Copper will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

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

For the last reported quarter, it was expected that Southern Copper would post earnings of $1.13 per share when it actually produced earnings of $1.22, delivering a surprise of +7.96%.

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

Bottom Line

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

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

Southern Copper appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected Results

Another stock from the Zacks Mining – Non Ferrous industry, First Quantum Minerals (FQVLF), is soon expected to post earnings of $0.03 per share for the quarter ended September 2024. This estimate indicates a year-over-year change of -94.2%. Revenues for the quarter are expected to be $1.09 billion, down 46.1% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for First Quantum Minerals has been revised 700% down to the current level. Nevertheless, the company now has an Earnings ESP of -109.72%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that First Quantum Minerals will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.

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

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Southern Copper Corporation (SCCO) : Free Stock Analysis Report

First Quantum Minerals Ltd. (FQVLF) : Free Stock Analysis Report

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Zacks Investment Research

VANCOUVER, BC, Oct. 16, 2024 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pre-announcing certain items impacting the Company's quarterly earnings, adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA")1, adjusted earnings1 and adjusted earnings per share1. View PDF

Foreign Exchange and Derivatives

Items of significant impact in the third quarter 2024 are expected to include unaudited foreign exchange and trading gains on debt and equity investments supporting the capital funding for the Josemaria Project of approximately $7 million. Unaudited realized losses on foreign exchange and unaudited realized gains on foreign exchange and commodity derivative contracts were not significant in the quarter.

In the third quarter 2024 the Company is also expected to recognize certain non-cash items that will impact the Company's earnings but not adjusted EBITDA, adjusted earnings or adjusted earnings per share. These include an unaudited non-cash unrealized loss on foreign exchange of approximately $13 million on a pre-tax basis, and an unaudited non-cash unrealized gain of approximately $31 million on a pre-tax basis related to the mark-to-market valuation of the Company's unexpired foreign exchange and commodity derivative contracts.

Provisional Pricing Adjustments

Revenue during the third quarter 2024 is expected to be negatively impacted by unaudited provisional pricing adjustments on prior period concentrate sales of approximately $5 million on a pre-tax basis. These adjustments primarily include downward adjustments in relation to prior period copper and molybdenum sales, partially offset by upward adjustments in relation to prior period gold sales.

Eagle East Rehabilitation

During the third quarter ramp rehabilitation at Eagle East continued to progress. An unaudited amount of approximately $15 million, related to overhead costs from the partial suspension of underground operations, is expected to impact the Company's earnings for the quarter. This amount will be excluded from adjusted EBITDA, adjusted earnings, and adjusted earnings per share. Mining rates are anticipated to increase during the fourth quarter of 2024.

Third Quarter 2024 Results Conference Call and Webcast Details

The Company will release its third quarter 2024 operations and financial results after market close on Wednesday, November 6, 2024, and will hold a webcast and conference call on Thursday, November 7, 2024 to present the results. Webcast and conference call details are provided below.

Webcast / Conference Call Details:

Date: Thursday, November 7, 2024

Time: 7:00 AM PT | 10:00 AM ET

Listen Only Webcast: WEBCAST LINK

Dial In for Investor & Analyst Q&A: DIAL IN LINK

To participate in the call click on the dial in LINK above and complete the online registration form. Once registered you will receive the dial-in information and a unique PIN to join the call and ask questions.

A replay of the webcast will be available by clicking on the webcast LINK above and will be archived on the Company's website for a limited period of time.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

The information was submitted for publication, through the agency of the contact persons set out below on October 16, 2024 at 14:30 Pacific Time.

Cautionary Statement on Forward-Looking Information

Certain of the statements made and information contained herein are "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans, prospects and business strategies; expected items of significant impact in the third quarter 2024, and the anticipated impact on the Company's earnings, revenue, adjusted EBITDA, adjusted earnings or adjusted earnings per share; the completion of the acquisition of Filo and the timing thereof; the establishment and operation of a new joint venture with BHP; the realization of synergies in the Vicuña district; the identification of additional value creation opportunities; the Company's guidance on the timing and amount of future production and its expectations regarding the results of operations; expected costs; permitting requirements and timelines; the results of any Preliminary Economic Assessment, Pre-Feasibility Study, Feasibility Study, or Mineral Resource and Mineral Reserve estimations, the Company's ability to comply with contractual and permitting or other regulatory requirements; anticipated exploration and development activities at the Company's projects; expansion projects and the realization of additional value; the Company's integration of acquisitions and expansions and any anticipated benefits thereof; the Company's ability to become a top tier copper producer; and expectations for other economic, business, and/or competitive factors. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking information.

Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labour; assumed and future price of copper, zinc, nickel, gold and other metals; anticipated costs; ability to achieve goals and identify and realize opportunities; the prompt and effective integration of acquisitions, including the completion of each of the acquisition of Filo, the establishment of the joint venture with BHP and the realization of synergies and economies of scale in connection therewith; the prompt and effective integration of acquisitions; that the political environment in which the Company operates will continue to support the development and operation of mining projects; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information and undue reliance should not be placed on such information. Such factors include, but are not limited to: global financial conditions, market volatility and inflation, including pricing and availability of key supplies and services; risks inherent in mining including but not limited to risks to the environment, industrial accidents, catastrophic equipment failures, unusual or unexpected geological formations or unstable ground conditions, and natural phenomena such as earthquakes, flooding or unusually severe weather; uninsurable risks; volatility and fluctuations in metal and commodity demand and prices; significant reliance on assets in Chile; reputation risks related to negative publicity with respect to the Company or the mining industry in general; delays or the inability to obtain, retain or comply with permits; risks relating to the development of the Josemaria Project; health and safety laws and regulations; risks associated with climate change; risks relating to indebtedness; economic, political and social instability and mining regime changes in the Company's operating jurisdictions, including but not limited to those related to permitting and approvals, nationalization or expropriation without fair compensation, environmental and tailings management, labour, trade relations, and transportation; inability to attract and retain highly skilled employees; risks inherent in and/or associated with operating in foreign countries and emerging markets, including with respect to foreign exchange and capital controls; project financing risks, liquidity risks and limited financial resources; health and safety risks; compliance with environmental, unavailable or inaccessible infrastructure, infrastructure failures, and risks related to ageing infrastructure; changing taxation regimes; the inability to effectively compete in the industry; risks associated with acquisitions partnerships, including the completion of each of the acquisition of Filo and the establishment of the joint venture with BHP; expansions and related integration efforts, including the ability to achieve anticipated benefits, unanticipated difficulties or expenditures relating to integration and diversion of management time on integration; risks related to mine closure activities, reclamation obligations, environmental liabilities and closed and historical sites; reliance on key personnel and reporting and oversight systems, as well as third parties and consultants in foreign jurisdictions; information technology and cybersecurity risks; risks associated with the estimation of Mineral Resources and Mineral Reserves and the geology, grade and continuity of mineral deposits including but not limited to models relating thereto; actual ore mined and/or metal recoveries varying from Mineral Resource and Mineral Reserve estimates, estimates of grade, tonnage, dilution, mine plans and metallurgical and other characteristics; ore processing efficiency; community and stakeholder opposition; regulatory investigations, enforcement, sanctions and/or related or other litigation; financial projections, including estimates of future expenditures and cash costs, and estimates of future production may not be reliable; enforcing legal rights in foreign jurisdictions; risks associated with the use of derivatives; risks relating to joint ventures and operations; environmental and regulatory risks associated with the structural stability of waste rock dumps or tailings storage facilities; exchange rate fluctuations; compliance with foreign laws; potential for the allegation of fraud and corruption involving the Company, its customers, suppliers or employees, or the allegation of improper or discriminatory employment practices, or human rights violations; risks relating to dilution; risks relating to payment of dividends; counterparty and customer concentration risks; activist shareholders and proxy solicitation matters; estimation of asset carrying values; relationships with employees and contractors, and the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; conflicts of interest; existence of significant shareholders; challenges or defects in title; internal controls; risks relating to minor elements contained in concentrate products; the threat associated with outbreaks of viruses and infectious diseases; mining rates and rehabilitation projects; mill shut downs; and other risks and uncertainties, including but not limited to those described in the " Risks and Uncertainties" section of the Company's MD&A for the three and six months ended June 30, 2024 and the "Risks and Uncertainties" section of the Company's Annual Information Form for the year ended December 31, 2023, which are available on SEDAR+ at www.sedarplus.com under the Company's profile.

All of the forward-looking information in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecasted or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

___________________________

1 These measures are non-GAAP measures. These performance measures have no standardized meaning within generally accepted accounting principles under International Financial Reporting Standards and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. For additional details please refer to the Company's discussion of non-GAAP and other performance measures in its Management's Discussion and Analysis for the three and six months ended June 30, 2024 which is available on SEDAR+ at www.sedarplus.com.

Lundin Mining Pre-Announces Items Impacting the Third Quarter 2024 Results (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/16/c5140.html

Key Insights

Significant control over REE Automotive by individual investors implies that the general public has more power to influence management and governance-related decisions
A total of 6 investors have a majority stake in the company with 52% ownership
20% of REE Automotive is held by Institutions

Every investor in REE Automotive Ltd. (NASDAQ:REE) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are individual investors with 43% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

Meanwhile, institutions make up 20% of the company’s shareholders. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders.

Let's take a closer look to see what the different types of shareholders can tell us about REE Automotive.

Check out our latest analysis for REE Automotive

ownership-breakdownWhat Does The Institutional Ownership Tell Us About REE Automotive?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

As you can see, institutional investors have a fair amount of stake in REE Automotive. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see REE Automotive's historic earnings and revenue below, but keep in mind there's always more to the story.

earnings-and-revenue-growth

Hedge funds don't have many shares in REE Automotive. Samvardhana Motherson International Limited is currently the largest shareholder, with 20% of shares outstanding. For context, the second largest shareholder holds about 16% of the shares outstanding, followed by an ownership of 8.1% by the third-largest shareholder.

On further inspection, we found that more than half the company's shares are owned by the top 6 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of REE Automotive

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

Our most recent data indicates that insiders own some shares in REE Automotive Ltd.. It has a market capitalization of just US$132m, and insiders have US$13m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board, though we generally prefer to see bigger insider holdings. But it might be worth checking if those insiders have been selling.

General Public Ownership

The general public, who are usually individual investors, hold a 43% stake in REE Automotive. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

Our data indicates that Private Companies hold 8.1%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Public Company Ownership

Public companies currently own 20% of REE Automotive stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 3 warning signs for REE Automotive you should be aware of.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

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.

Reports production for the quarter ending September 30, of 406,150 silver equivalent ounces, consisting of 167,001 silver ounces, 2,232 gold ounces, 132 tonnes of copper, and 100 tonnes of zinc. GoGold Resources Inc shares T.GGD are trading up $0.01 at $1.46.

Read:

Shares Outstanding: 329,527,261Trading Symbols: TSX: GGDOTCQX: GLGDF

HALIFAX, NS, Oct. 15, 2024 /CNW/ – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for the quarter ending September 30, 2024 of 406,150 silver equivalent ounces, consisting of 167,001 silver ounces, 2,232 gold ounces, 132 tonnes of copper, and 100 tonnes of zinc.

GoGold – Silver & Gold (CNW Group/GoGold Resources Inc.)

"The quarter yielded continuing production growth, and more importantly we saw a substantial increase in production in the month of September where the heap achieved equilibrium at a level generating significant free cash flow for that month. The addition of the zinc circuit, along with other optimizations, has not only paid off in a saleable zinc product and recycling of the associated cyanide, but also it appears that it has improved the leaching of gold and silver," Brad Langille, President and CEO stated. "As we complete final engineering and anticipate the issuance of our permit for the Los Ricos South underground mine, we see Parral adding meaningfully to our cash flow on a go-forward basis."

Table 1: Quarterly Production Summary

Quarter Ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Silver Production (oz)	203,894	169,443	109,016	138,657	138,708	167,001
Gold Production (oz)	1,512	1,106	1,848	2,184	2,436	2,232
Copper Production (tonnes)	135	115	95	93	148	132
Zinc Production (tonnes)	–	–	–	92	125	100
Silver Equivalent Production (oz)1	375,112	300,789	300,260	375,745	400,236	406,150

"Silver equivalent production" include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented were: Jun 2023 – 82, Sep 2023 – 83, Dec 2023 – 85, Mar 2024 – 93, Jun 2024 – 86, Sep 2024 – 88. The copper:silver ratios were: Jun 2023 – 352, Sep 2023 – 356, Dec 2023 – 356, Mar 2024 – 365, Jun 2024 – 346, Sep 2024 – 320. The zinc:silver ratios were: Mar 2024 – 104, Jun 2024 – 98, Sep 2024 – 94.

Table 2: Annual Production Summary

Quarter Ended	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Silver Production (oz)	1,059,438	1,315,661	1,138,358	741,772	706,891	553,381
Gold Production (oz)	9,149	10,089	13,447	10,708	7,032	8,700
Copper Production (tonnes)	–	260	470	469	615	468
Zinc Production (tonnes)	–	–	–	–	–	316
Silver Equivalent Production (oz)1	1,847,835	2,295,416	2,270,073	1,810,326	1,517,264	1,482,406

"Silver equivalent production" include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented were: 2019 – 86, 2020 – 89, 2021 – 72, 2022 – 82, 2023 – 83, 2024 – 88. The copper:silver ratio for the periods presented were: 2020 – 302, 2021 – 348, 2022 – 410, 2023 – 373, 2024 – 345. The zinc:silver ratios were: 2024 – 99.

Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release related to Parral.

About GoGold ResourcesGoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with the GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

Cision

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SOURCE GoGold Resources Inc.

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Teck Resources Ltd

VANCOUVER, British Columbia, Oct. 15, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its third quarter 2024 earnings results before market open on Thursday, October 24, 2024.

A webcast to review the results will be held as follows:

Date:			Thursday, October 24, 2024
Time:			8:00 a.m. PT / 11:00 a.m. ET
Listen-Only Webcast:			here
Dial In for Investor & Analyst Q&A:			1.647.484.8814 or 1.844.763.8274
			Quote “Teck Resources”, to join the call
Alternate, pre-register to the call for Q&A:			registration link

An archive of the webcast will be available at teck.com within 24 hours.

About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:Ellen LaiCoordinator, Investor Relations604.699.4257ellen.lai@teck.com

Media Contact:Dale SteevesDirector, External Communications236.987.7405 dale.steeves@teck.com

Key Insights

Using the 2 Stage Free Cash Flow to Equity, BHP Group fair value estimate is AU$57.07
BHP Group's AU$43.43 share price signals that it might be 24% undervalued
Our fair value estimate is 23% higher than BHP Group's analyst price target of US$46.31

Does the October share price for BHP Group Limited (ASX:BHP) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.

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 still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model.

See our latest analysis for BHP Group

The Method

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. 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 need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) forecast

	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Levered FCF ($, Millions)	US$10.1b	US$9.46b	US$8.45b	US$11.8b	US$11.4b	US$11.2b	US$11.1b	US$11.2b	US$11.3b	US$11.5b
Growth Rate Estimate Source	Analyst x8	Analyst x8	Analyst x7	Analyst x1	Analyst x1	Est @ -1.65%	Est @ -0.43%	Est @ 0.42%	Est @ 1.02%	Est @ 1.43%
Present Value ($, Millions) Discounted @ 7.2%	US$9.4k	US$8.2k	US$6.9k	US$8.9k	US$8.0k	US$7.4k	US$6.8k	US$6.4k	US$6.0k	US$5.7k

("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$74b

We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.4%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.2%.

Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$11b× (1 + 2.4%) ÷ (7.2%– 2.4%) = US$244b

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$244b÷ ( 1 + 7.2%)10= US$121b

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$195b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of AU$43.4, the company appears a touch undervalued at a 24% 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.

dcfThe Assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the 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 7.2%, which is based on a levered beta of 1.170. 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.

SWOT Analysis for BHP Group

Strength

Debt is not viewed as a risk.

Weakness

Earnings declined over the past year.

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

Opportunity

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

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

Threat

Dividends are not covered by earnings.

Annual earnings are forecast to grow slower than the Australian market.

Next Steps:

Although the valuation of a company is important, it is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For BHP Group, there are three essential factors you should further examine:

Risks: Take risks, for example – BHP Group has 2 warning signs we think you should be aware of.

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

Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!

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.

The third-quarter earnings season is underway, with companies across a range of sectors due to report in the coming week.

Investors will be looking to see if Netflix, which is behind hit shows such as Bridgerton and Emily in Paris, will be able to deliver results strong enough to keep its stock driving to new highs.

In the world of luxury, markets will be searching for indicators as to whether the recently announced Chinese stimulus measures has improved the outlook for LVMH, when the French company shares its latest results.

The drivers behind the AI boom will continue to be in focus in the coming week, with chip-making machine manufacturer ASML due to share its latest quarterly update.

Major mining companies are also set to report, with Rio Tinto among those slated to release third-quarter figures.

Following earnings releases from several investment banks on Friday, Goldman Sachs is also set to post it latest results.

Here's more on what to look out for:

Netflix (NFLX) — Reports third-quarter results on Thursday 17 October

Shares in Netflix have recovered from sharp falls seen in 2022 to reach all-time highs, with the stock up 50% year-to-date.

AJ Bell's investment experts Russ Mould, Danni Hewson, and Dan Coatsworth said Netflix has reaffirmed "investors’ view that the company is indeed the winner in the streaming wars".

However, they pointed out that the shares now trade on more than 35 times earnings for 2024 and 30 times for 2025.

"Those lofty multiples mean that expectations are high both for the third and fourth quarters of 2024 as well as Netflix’s long-term earnings growth potential," they said.

Netflix said it added more than 39 million subscribers over the 12-month period ending in June, gains stemmed from the continued rollout of Netflix's password-sharing crackdown, along with the introduction of its cheaper ad-supported tier.

Bridgerton (Netflix) (LIAM DANIEL/NETFLIX)

Looking to the release of the latest results on Thursday, Netflix said in its second-quarter update that it expected to deliver 14% revenue growth year-on-year in Q3.

AJ Bell's investment experts said analysts were expected 14% growth in sales to $9.8bn (£7.5bn). It is anticipated that net income will come in at $2.2bn, just below the first quarter's all-time high of $2.3bn.

Analysts are expecting earnings per share of $5.07 in the third quarter and then $3.82 in the fourth quarter, up from $3.80 and $2.15 respectively in the equivalent periods a year ago.

"Despite what the share price is telling us, Netflix’s biggest challenge may now be staying ahead of its rivals having got there, although management is clearly not going to rest on its laurels, as it continues develop gaming as another source of revenue to complement its powerful catalogue of prime film and series content.

LVMH (MC.PA) — Reports third-quarter results on Tuesday 15 October

French conglomerate LVMH may be known for its focus on luxury, owning brands such as Louis Vuitton and Dior, but the company and its owners have been making headlines more recently for their reported moves in the sporting world.

LVMH recently announced a 10-year partnership with Formula 1, while the Financial Times reported that the company's CEO Bernard Arnault and his children have teamed up with energy drink maker Red Bull to buy Paris FC.

Despite these developments, shares have continued to ebb lower, with LVMH stock down 11% year-to-date.

Shares fell this week, after China decided to impose tariffs of as much as 39% on imports of European brandy, taking effect from Friday 11 October. This impacted the shares of French companies, including LVMH, which owns the brand of cognac Hennessy.

Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said that the company's growth had "come off the boil in recent quarters, as tough economic conditions have even seen some luxury shoppers controlling their budgets a bit more".

However, he highlighted that LVMH's organic revenue positive territory, up 2% to €41.7bn (£34.9bn) in the first half. Chiekrie pointed out that sales in Asia made up almost a third of that total, of which Chinese consumers account for a significant proportion.

The recent announcement of stimulus measures by China's central bank had brought a "fresh jolt of optimism around the outlook for LVMH," said Chiekrie.

"While it’s too early to tell if the Chinese stimulus package will help lead to a sustained economic recovery, investors will be keen to see if it’s enough to shift full-year sales guidance higher when LVMH releases its third-quarter update," he said.

ASML (ASML.AS) — Reports third-quarter results on Wednesday 16 October

For those looking at plays in the AI space, Dutch company ASML is set to report its latest quarterly results on 16 October.

The company makes photolithography machines, which are essential to producing semiconductor chips, making it a major driver of the AI boom.

Shares are up 11% year-to-date but have been falling more recently.

Derren Nathan, head of equity research at Hargreaves Lansdown, said that the company's revenues so far this year have been lagging levels seen in 2023.

ASML posted second-quarter total net sales of €6.24bn in July, down from €6.9bn for the same period in 2023. The company also reported that its net income had declined to €1.58bn from €1.94bn last year.

"The company’s banking on a step change in sales of micro-chip manufacturing systems in the last two quarters of the year to keep 2024 revenue flat overall," said Nathan.

The consensus forecast from analysts are for revenue growth of 7% year-on-year to €7.1bn. For the fourth quarter, Nathan said analysts have earmarked quarter-on-quarter growth of over 24% to €8.8bn.

"ASML’s technology leadership leaves it well placed to benefit from long-term megatrends such as artificial intelligence," he said. "However, some of its key customers are facing their own challenges, so investors will also be looking for any pointers on next year’s outlook where growth is currently expected to accelerate further.”

Taiwan Semiconductor Manufacturing Company (2330.TW), the world's largest contract chipmaker, is also due to report third-quarter results next week on Thursday 17 October. The company already shared its revenues for the third quarter on Wednesday, which beat forecasts.

Rio Tinto (RIO.L) — Reports third-quarter results on Wednesday 16 October

In the mining sector, Rio Tinto is set to release quarterly results on Wednesday, while Antofagasta (ANTO.L) will also share an update, followed by a statement from BHP (BHP.L) on the Thursday.

Rio Tinto was in focus this week after announcing it had agreed to buy Arcadium Lithium (ALTM), in a $6.7bn deal.

Shares in Rio Tinto saw little movement on the news, with it still down 12.5% year-to-date. However, shares in Arcadium Lithium soared following the announcement, up 80% over the past five days alone.

For the company as a whole, AJ Bell's investment experts said that iron ore, copper and aluminium are currently Rio Tinto's biggest earners.

"Management currently expects unchanged output in 2024 for iron ore, bauxite and aluminium, with an increase in copper and a small drop in alumina," said Mould, Hewson and Coatsworth.

"Copper production is forecast to rise 2% this year and Rio Tinto has a plan to increase output by 3% on a compound basis between 2024 and 2028. Meanwhile, overall group capex (capital expenditure) is budgeted to run at $10 billion a year in 2024, 2025 and 2026."

Meanwhile, Antofagasta is a pure play on copper, they said, with output of the metal is still forecast to come in at the low end of between 670,000 to 710,000 tonnes for 2024.

In the case of BHP, its biggest earners are iron ore, copper, and coal. In the company's latest quarterly update, AJ Bell's team said investors would also be looking for any further thoughts on the company's aborted bid for Anglo-American (AAL.L).

Goldman Sachs (GS) — Reports third-quarter results on Tuesday 15 October

A number of banks reported on Friday to get the earnings season into swing, with JPMorgan posting a 2% fall in profits despite strong performance.

Wells Fargo (WFC), BlackRock (BLK) and BNY Mellon (BK) also reported on Friday, with stocks rising as investors cheered this first wave of bank earnings.

Next up is Goldman Sachs, Bank of America (BAC) and Citigroup (C) on Tuesday.

In the second quarter, Goldman Sachs reported profits had soared 150% from a year ago as investment banking surged.

Net income was $3.04 billion, which beat analyst expectations. Its total revenue of $12.73 billion also rose 17% from a year ago.

Goldman Sachs CEO David Solomon said in a conference call with analysts: "We are in the early innings of a capital markets and M&A recovery, and while certain transaction volumes are still well below their tenure averages, we remain very well positioned to benefit from a continued resurgence of activity,"

Shares are trading at all-time highs, with the stock up 33% year-to-date.

Other companies reporting this week include:

Monday 14 October

Ashmore (ASHM.L)

PageGroup (PAGE.L)

Volkswagen (VOW3.DE)

Tuesday 15 October

Bellway (BWY.L)

Robert Walters (RWA.L)

Reach (RCH.L)

LM Ericsson (ERIC-B.ST)

Sulzer (SUN.SW)

UnitedHealth (UNH)

Johnson & Johnson (JNJ)

Bank of America (BAC)

Citigroup (C)

Omnicom (OMC)

United Airlines (UAL)

Walgreens Boots Alliance (WBA)

Wednesday 16 October

Antofagasta (ANTO.L)

Whitbread (WTB.L)

Vertu Motors (VTU.L)

Just Eat Takeaway (JET.L, TKWY.AS)

Abbott Labs (ABT)

Morgan Stanley (MS)

Prologis (PLD)

US Bancorp (USB)

CSX (CSX)

Kinder Morgan (KMI)

Las Vegas Sands (LVS)

Citizens Financial (CZFS)

Alcoa Corporation (AA)

Thursday 17 October

BHP (BHP.L)

Rentokil Initial (RTO.L)

Mondi (MNDI.L)

Schroders (SDR.L)

Deliveroo (ROO.L)

Dunelm (DNLM.L)

Travis Perkins (TPK.L)

Sabre Insurance (SBRE.L)

Centamin (CEY.L)

GB Group (GBG.L)

Ibstock (IBST.L)

TSMC (2330.TW)

Sands China (1928.HK)

Nestlé (NESN.SW)

ABB (ABBN.SW)

EssilorLuxottica (EL.PA)

Pernod Ricard (RI.PA)

Schneider (SU.PA)

Nokia (NOK)

Travelers TRV (TRV)

American Airlines (AAL)

Bank OZK (OZK)

Friday 18 October

Volvo (VOLV-B.ST)

American Express (AXP)

Schlumberger (SLB)

Fifth Third Bancorp (FITBP)

Autoliv (ALV)

Download the Yahoo Finance app, available for Apple and Android.

The long-suffering lithium sector is enjoying a rare boom after mining giant Rio Tinto Group (NYSE:RIO) announced an all-cash $6.7 billion deal for Arcadium Lithium Plc (NYSE:ALTM), good for a hefty 90% premium to the Oct. 4 closing price. Both company boards unanimously approved the merger, with the deal expected to close mid-2025. Arcadium Lithium was formed in January 2024 following the US$10.6 billion merger of equals between U.S.-based Livent and Australia’s Alkem.

Arcadium Lithium’s shares have nearly doubled since the merger was announced; Albemarle Corp. (NYSE:ALB), the world’s largest lithium producer, gained 9.4%, SQM (NYSE: SQM) went up 7.9%%, Standard Lithium (TSXV: SLI, NYSE: SLI) gained 39.2% while Lithium Americas Corp. (TSX: LAC, NYSE:LAC) was up 6.7%.

The acquisition is seen as a major win for Rio Tinto, with the company having struggled to get traction in the lithium market after its Jadar project in Serbia ran into local opposition. This means that Rio Tinto now owns the world’s third-largest lithium reserves, behind only Corporacion Minera de Bolivia, also known as COMIBOL, and SQM.

But it’s Albemarle that the markets will be looking at much more closely now. Its strong Q2 performance was impressive, given the extremely fragile nature of the lithium market. Despite these conditions, ALB managed to increase lithium sales volumes and the outlook has been highly optimistic, with ALB forecasting $15-per-kilogram prices. Under pressure from falling lithium prices, a weakening EV market and Chinese oversupply, ALB has taken a beating, shedding 45% year-to-date. That makes this stock a potential buy-on-the-dip opportunity, particularly in the wake of the Rio Tinto developments.

We could be in the middle of a lithium turning point here, and if that is the case, Albemarle has its ducks lined up in a neat row.

Turning Point

That said, the broad-based lithium rally kicked in well before the Rio Tinto merger. The Global X Lithium & Battery Tech ETF (NYSEARCA:LIT) has jumped nearly 30% after sinking to a 3-year low exactly 30 days ago.

The rebound coincides with growing predictions that lithium prices could have bottomed out. A month ago, Citi analysts raised their near-term price target for lithium carbonate to $14K/metric ton and for lithium hydroxide to $14.2K/ton, from a prior forecast of $10K/ton for both products, predicting a near-term rally in lithium prices as investors cover their short positions. However, Citi added that over the next 6-12 months "does not expect the rally to have 'follow through' as higher prices could very well trigger a supply response, potentially leading to loosening of lithium balances."

Lithium carbonate edged higher to CNY 75,500 ($10.663) per tonne after steadying at the three-year low of CNY 71,500 ($10,098) through September, as economic stimulus from the Chinese government momentarily countered persistent oversupply concerns. Lithium carbonate prices have declined 21% in the year-to-date, adding to an 80% plunge in 2023 driven by the flood of new supply relative to dwindling demand for new electric vehicles, the main use for lithium. Still, market players expect global supply to soar by nearly 50% this year, as hopes of eventual balance in the market drove the race to secure battery metals drove China to expand projects in Africa while Chile signaled it would aim to double output over the next decade.

Adding to the bearish pressure are growing tariffs on China’s renewable energy products. Recently, the Office of the U.S. Trade Representative (USTR) finalized its plan to raise tariffs on a slew of Chinese goods, largely adopting hikes it first proposed in May. The expanded tariffs mainly target strategic product categories, including electric vehicles, batteries, solar cells, semiconductors and critical minerals.

The final tariff structure covers thousands of items under 14 product categories, with the first tariff hikes set to go into effect on Sept. 27 and the rest over the next two years. And, they are just as punitive as those of the Trump era: Chinese EVs have been slapped with a hefty 100% tariff; a 25% tariff on lithium-ion EV batteries, and a 50% tariff on photovoltaic solar cells. Meanwhile, a 50% tariff on China-made semiconductors will go into effect in 2025.

However, other lithium bulls are hanging on. BMI, a Fitch Solutions research unit, has predicted a lithium shortage could hit as early as 2025 largely due to China’s lithium demand exceeding supply.

“We expect an average of 20.4% year-on-year annual growth for China’s lithium demand for EVs alone over 2023-2032,” the report stated. In contrast, BMI sees China’s lithium supply growing at a much slower 6% annual clip over the same period, pointing out that that rate is not enough to meet even one-third of forecast demand.

BMI is not the only lithium bull here. “We do fundamentally believe in a shortage for the lithium industry. We forecast supply growth of course, but demand is set to grow at a much faster pace,” Corinne Blanchard, Deutsche Bank’s director of lithium and clean tech equity research, has told CNBC. Blanchard sees a “modest deficit” of around 40,000 to 60,000 tonnes of lithium carbonate equivalent by the end of 2025, but has forecast a much wider deficit to the tune of 768,000 tonnes by the end of 2030.

By Alex Kimani for Oilprice.com

And here are a number of other miners to keep an eye on this autumn:

BHP Group (NYSE:BHP), a global resources giant, showcases a diversified portfolio encompassing iron ore, copper, coal, nickel, and energy operations. With a substantial presence in Australia and the Americas, BHP’s operational scale is impressive. The company’s commitment to sustainable practices, including environmental impact reduction and community engagement, further solidifies its position as a responsible and forward-thinking leader in the global resources sector.

FMC Corporation (NYSE: FMC) Based in Philadelphia, FMC Corporation is a global agricultural sciences company delivering innovative technology to growers worldwide and has a significant stake in lithium for rechargeable batteries and other high-tech applications. The company’s agricultural products contribute to increased crop yield and quality, addressing global food security issues. FMC’s commitment to innovation and sustainability has driven robust demand for its crop protection products, supported by higher commodity prices and strong agricultural market fundamentals.

Lithium Americas (NYSE:LAC) has emerged as a significant player in the lithium market, driven by the growing demand for lithium-ion batteries in electric vehicles and renewable energy. The company’s Thacker Pass project in Nevada holds the potential to be one of the world’s largest lithium sources, positioning Lithium Americas as a major contributor to the global lithium supply chain. Strategic investments and partnerships with established industry players further enhance the company’s prospects for growth and expansion.

Albemarle Corporation (NYSE:ALB) stands as a global specialty chemicals leader, distinguished by its position as the world’s largest lithium producer. This prominence in the lithium market aligns with the surging demand for electric vehicle batteries, a key growth driver for the company. Albemarle’s diversified portfolio, encompassing bromine, catalysts, and pharmaceuticals, showcases its adaptability and commitment to innovation across various sectors.

Piedmont Lithium Limited (NASDAQ:PLL) is an Australian mining company focused on developing lithium resources in the United States. Its flagship Piedmont Lithium Project in North Carolina is projected to produce a substantial amount of lithium hydroxide annually, catering to the increasing demand for lithium-based products. Piedmont Lithium’s strategic partnerships with industry leaders like LG Chem highlight its commitment to building a robust supply chain for the burgeoning electric vehicle market.

MP Materials Corp. (NYSE:MP) holds a unique position as the sole operator of a fully integrated rare earth mining and processing facility in the United States. The company’s focus on producing rare earth oxides and metals, critical components in various technologies, is particularly significant given the growing demand for these materials in emerging sectors like renewable energy and electronics. MP Materials’ vertical integration model ensures quality and consistency in its products, further strengthening its market position.

Rare Element Resources Ltd. (TSX:RES) is dedicated to the exploration and development of rare earth elements (REEs), crucial components in clean energy technologies. The company’s flagship Bear Lodge project in Wyoming, recognized as one of the world’s largest undeveloped REE deposits, holds immense potential to contribute to the global supply of REEs. REE’s commitment to sustainable and responsible mining practices underscores its dedication to ethical resource extraction and environmental stewardship.

Avalon Advanced Materials Inc. (TSX:AVL) is a Canadian company specializing in developing and manufacturing specialty materials for diverse industries. With expertise in high-purity metals and alloys used in electronics, aerospace, and biomedical applications, Avalon plays a vital role in advancing various technological fields. The company’s focus on developing materials for energy storage solutions, particularly lithium-ion and solid-state batteries, demonstrates its commitment to innovation and addressing the evolving needs of the market.

First Quantum Minerals Ltd. (TSX:FM) is a Canadian mining and metals company with a diverse global portfolio. The company’s operations span multiple countries and encompass the production of copper, nickel, gold, and zinc. First Quantum’s commitment to responsible mining practices and community engagement is evident in its efforts to create economic opportunities and minimize environmental impact in the regions where it operates.

Allkem Limited (TSX:AKE), an Australian mining company, is a significant player in the lithium market. Its diverse portfolio of lithium projects in Australia, Argentina, and Canada, including a substantial presence in the lithium-rich Salar de Atacama, positions it as a major contributor to the global lithium supply chain. Allkem’s integrated approach to lithium production, spanning exploration, production, and refining, solidifies its role in meeting the growing demand for lithium in the electric vehicle and renewable energy sectors.

Teck Resources Limited (TSX:TECK), a Canadian mining powerhouse, is a leading producer of zinc and copper. Its extensive operations in Canada, the United States, Chile, and Peru contribute significantly to the global supply of these essential metals. Teck’s zinc production is particularly noteworthy due to its critical role in various battery technologies, aligning with the increasing demand for energy storage solutions across multiple industries.

Read this article on OilPrice.com

FMC Corporation FMC is benefiting from efforts to expand its product portfolio through new product launches and its restructuring actions. FMC, which is among the prominent players in the chemical space along with Dow Inc. DOW, Celanese Corporation CE and Air Products and Chemicals, Inc. APD, delivered better-than-expected results in the second quarter on the back of higher volumes. It saw improved demand in the quarter, leading to an increase in sales volumes, especially in the United States and Brazil.The company is investing in technologies as well as new product launches to enhance value to the farmers. New products launched in Europe, North America and Asia are gaining significant traction. Product introductions are expected to support FMC’s results this year.FMC generated $590 million in sales in 2023 from new products launched in the past five years. It sees revenues from new products to grow by roughly $200 million in 2024. It expects a significant amount of volume growth to come from new products in the second half of 2024. FMC is seeing strong gains in new products including Coragen eVo and Premio Star insecticides and the Onsuva fungicide in Latin America.The acquisition of BioPhero ApS, a Denmark-based pheromone research and production company, also adds biologically produced state-of-the-art pheromone insect control technology to the company’s product portfolio and R&D pipeline, highlighting FMC's role as a leader in delivering innovative and sustainable crop protection solutions.FMC is also expected to benefit from reduced input costs, a favorable product mix and its cost-control actions. It benefited from favorable input costs in the second quarter of 2024. FMC is also making progress with its global restructuring and cost-reduction program. It sees benefits from restructuring to contribute $75-$100 million to full-year 2024 adjusted EBITDA, net of inflation.FMC, on its second-quarter call, updated its revenue outlook for full-year 2024. It now sees revenues between $4.30 billion to $4.50 billion, indicating a 2% decline at the midpoint compared to 2023. Adjusted EBITDA is now expected in the range of $880 million and $940 million, suggesting a 7% decline at the midpoint compared to the prior year. Adjusted earnings are now forecast between $3.02-$3.64 per share, reflecting a 12% year-over-year decline at the midpoint. Another prominent chemical maker, Dow updated its third-quarter 2024 earnings guidance last month. It sees revenues of roughly $10.6 billion and operating EBITDA of about $1.3 billion. DOW stated that its revised outlook is mainly prompted by a major unexpected incident in late July at one of its ethylene crackers in Texas. The company is also dealing with higher input costs and margin pressures in Europe.Celanese expects adjusted earnings in the range of $2.75-$3 per share for the third quarter of 2024. Based on the impact of the second-quarter force majeure and ongoing demand issues, CE forecasts full-year adjusted earnings per share in the range of $10.25 to $10.75.Air Products, on its fiscal third-quarter call, maintained its fiscal 2024 full-year adjusted earnings per share projection of $12.20 to $12.50, suggesting a 6-9% increase from the previous year. The company’s adjusted earnings per share guidance for the fiscal fourth quarter is $3.33-$3.63.

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Zacks Investment Research

As an investor its worth striving to ensure your overall portfolio beats the market average. But the risk of stock picking is that you will likely buy under-performing companies. Unfortunately, that's been the case for longer term FMC Corporation (NYSE:FMC) shareholders, since the share price is down 30% in the last three years, falling well short of the market return of around 26%. On top of that, the share price is down 6.1% in the last week.

With the stock having lost 6.1% in the past week, it's worth taking a look at business performance and seeing if there's any red flags.

Check out our latest analysis for FMC

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the unfortunate three years of share price decline, FMC actually saw its earnings per share (EPS) improve by 38% per year. This is quite a puzzle, and suggests there might be something temporarily buoying the share price. Alternatively, growth expectations may have been unreasonable in the past.

Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics.

We think that the revenue decline over three years, at a rate of 4.4% per year, probably had some shareholders looking to sell. And that's not surprising, since it seems unlikely that EPS growth can continue for long in the absence of revenue growth.

The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).

earnings-and-revenue-growth

We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of FMC, it has a TSR of -25% for the last 3 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments!

A Different Perspective

FMC provided a TSR of 1.7% over the last twelve months. Unfortunately this falls short of the market return. On the bright side, that's still a gain, and it is certainly better than the yearly loss of about 3% endured over half a decade. It could well be that the business is stabilizing. It's always interesting to track share price performance over the longer term. But to understand FMC better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 3 warning signs for FMC (of which 2 make us uncomfortable!) you should know about.

FMC is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket.

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

(Bloomberg) — Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the risk.

Most Read from Bloomberg Businessweek

Highlights:

Commerce Resources confirms significant niobium mineralization with 122.5m at 0.62% Nb2O5 from near surface at the Mallard Prospect, Eldor Property, located within 2 km of the Company's globally significant Ashram Rare-Earth and Fluorspar Deposit, Quebec, Canada.
Core assay results from the first seven (7) drill holes of the 2024 program, which targeted the Mallard Prospect and Spoke Target, are reported herein:

Mallard Prospect:

122.5 m at0.62% Nb2O5and 6.4% P2O5 (EC24-208), including,
- 12.0 m at 0.82% Nb2O5and 7.5% P2O5
- 7.5 m at 1.01% Nb2O5and 12.3% P2O5
- 15.5 m at 0.62%Nb2O5, 360 ppm Ta2O5, and 6.6% P2O5 (EC24-211), including,
  - 8.1 m at 0.79% Nb2O5, 439 ppm Ta2O5, and 7.7% P2O5
- 42.9 m at 0.60% Nb2O5and 7.1% P2O5 (EC24-211), including,
  - 2.9 m at 1.13% Nb2O5and 12.7% P2O5
- 24.0 m at 0.69% Nb2O5and6.2% P2O5 (EC24-210)

Spoke Target:

27.5 m at 0.60% Nb2O5and 8.7% P2O5 (EC24-212)
17.9 m at 0.66% Nb2O5and 5.2% P2O5 (EC24-213)
21.3 m at 0.60% Nb2O5and 5.8% P2O5 (EC24-213)
The 2024 drill program of twenty-nine (29) NQ-size drill holes totalling 8,253 m has now concluded, with remaining drill core assays anticipated within Q4 of 2024.

VANCOUVER, BC / ACCESSWIRE / October 10, 2024 / Commerce Resources Corp. (TSXv:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to confirm a significant niobium intercept of 122.5 m at 0.62% Nb2O5 from near surface at the Eldor Property, located within 2 km of the globally significant Ashram Deposit in Quebec, Canada. The 2024 summer-fall drill program at the Eldor Property has concluded, with a total of twenty-nine (29) NQ-size diamond drill holes, for approximately 8,253 m completed between early-July to mid-September 2024. The program had two main objectives; 1) follow-up on the known niobium (±tantalum & phosphate) mineralized carbonatites at the Mallard and Miranna Prospects, and 2) initial drill testing of several geophysical anomalies characteristic of niobium-mineralized occurrences at the Property (Figure 1). Assay results from the first seven drill holes, which targeted the Mallard Prospect and Spoke, returned strong niobium mineralization. This adds to Commerce's portfolio of critical element occurrences at the Eldor Property, including the globally significant rare-earth Ashram Deposit, which has 73.2 million tonnes (Mt) at 1.89% TREO (total rare-earth oxide) (indicated), and 131.1 Mt at 1.91% TREO (inferred) (see MRE news release dated May 22, 2024).

Ross Carroll, President and CEO of Commerce, comments: "The Company remains focused on the development of the Ashram Deposit and its pending Preliminary Economic Assessment. However, the potential for the Property to hold a significant mineral resource of niobium is something that has been recognized by the Company for many years. Thanks to our experienced exploration team, we continue to deliver highly successful niobium drilling results at the Property, with impressive grades and widths of mineralization providing confidence that a stand-alone niobium project is possible. Additional drilling in support of a maiden mineral resource estimate and subsequent studies for the niobium at Eldor are the logical next steps to unlock the value of this potential, which is situated proximal to Ashram."

Patrik Schmidt, Vice President of Exploration of Commerce, comments: "The 2024 drill program was highly successful in accomplishing both of our primary objectives. All drill holes testing the geophysical anomalies intersected carbonatite, confirming that Nb-mineralization exists beyond the known targets. Additionally, we are also very pleased with the first batch of results that followed up on known targets. The assays continue to deliver very strong results with substantial intersections of 0.5 to 0.7% Nb2O5 at Mallard and Spoke".

The niobium (±tantalum & phosphate) targets at the Eldor Property are situated proximal (typically < 2 km) to the Company's Ashram Rare Earth and Fluorspar Deposit. Therefore, the discovery of a substantial niobium deposit in this area would present a significant opportunity for joint infrastructure development and use.

Figure 1. 2024 drill assay highlights from drill holes EC24-208 to EC24-214

One of the main objectives for the 2024 drill program was to focus on completing several follow-up drill holes at the Mallard Prospect to further delineate along-strike mineralization potential of carbonatite in this target area. The first drill hole of the 2021 drill program at Mallard – EC21-175 – returned the best niobium intercept to-date from the Property at 1.00% Nb2O5 over 17.1 m (and 136 ppm Ta2O5), within a larger interval of 0.82% Nb2O5 over 42.3 m (and 153 ppm Ta2O5; see news release dated November 1st, 2021). The first drill hole of the 2024 campaign (EC24-208) was therefore aimed at testing the extent of down-dip mineralization adjacent to hole EC21-175, and the nearby EC19-174A, which returned similar niobium-mineralized carbonatite intercepts during the 2019 drill program (0.80% Nb2O5 over 31.5 m, including 1.36% Nb2O5 over 4.5 m; see news release dated June 11th, 2019). Drill hole EC24-208 successfully demonstrated the down-dip continuity of niobium-enrichment within carbonatite intersected at Mallard, with notable high-grade intercepts of 0.82% Nb2O5 over 12.0 m and 1.01% Nb2O5 over 7.5 m, all within a broad interval of 122.5 m of 0.62% Nb2O5 (Table 1; Figure 1). Subsequent drill holes at Mallard (EC24-209 to EC24-211) were designed as step-outs both to the northwest and southwest of previously drill-tested areas of the Mallard Prospect (Figure 1).

The Company also followed-up on the initial drill testing that targeted an anomalous magnetic high known as "Spoke" during the Company's inaugural drilling campaign at the Property in 2008. Two (2) holes drilled at the Spoke Target (EC24-212 and EC24-213) returned promising results with niobium-mineralized intercepts, including an interval of 27.5 m at 0.60% Nb2O5 starting from 133 m depth in EC24-212 and two intervals in EC24-213 of 17.9 m at 0.66% Nb2O5 starting from 247.7 m in addition to a wider interval of 21.3 m at 0.60% Nb2O5 starting at 278.5 m depth. Although further drill-testing is required at Spoke, these deeper mineralized intercepts could indicate a continuation of the Mallard niobium-enrichment trend in carbonatites, extending the mineralization trend to the northwest beyond Mallard.

The geological team has completed all core processing for the 2024 drill program, and all core samples for the program have now been received by Activation Laboratories Ltd. located in Ancaster, ON, for preparation and analyses. Core assay results for twenty-one (21) drill holes from the 2024 drill program are still pending (Table 2).

Table 1. 2024 initial drilling assay highlights from Mallard and Spoke Target AreasTable 2. Summary of 2024 drill hole attributes for results reported and results pending

Quality Assurance / Quality Control (QAQC)

A Quality Assurance & Quality Control protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches at a rate of approximately 5%. All core samples collected were shipped to Activation Laboratories Ltd. in Ancaster, ON, Canada, for sample preparation (code RX1) which includes crushing up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm. The samples were homogenized and subsequently analyzed for multi-element using fusion with lithium metaborate /tetraborate in platinum crucibles and analysis by fusion XRF (codes 8-Nb-Ta, Majors + REE). Fluorine (F) assay was requested based on visual presence of fluorspar by lithium metaborate/tetraborate fusion and acid dissolution with analysis by Ion Selective Electrode (ISE) with a detection limit of 0.01%

NI 43-101 Disclosure

Patrik T. Schmidt, M.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About Commerce Resources Corp.

Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located within their Eldor Property, in northern Quebec, Canada. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (more than 30 – 45% TREO) mineral concentrates at high recovery (more than 60 – 75%) in line with active global producers. The Ashram Deposit also has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. Additionally, Commerce is committed to exploring the potential of other high-value commodities on the Property such as niobium and phosphate minerals, which may help advance Ashram by reducing costs through shared development.

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

On Behalf of the Board of DirectorsCOMMERCE RESOURCES CORP."Ross Carroll"Ross CarrollCEO and PresidentTel: 604.484.2700Email: rcarroll@commerceresources.comWeb: http://www.commerceresources.com

Forward Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include statements regarding Eldor's potential to hold significant mineral resources of niobium; statements regarding the confidence that Eldor possesses a stand-alone niobium project with a reasonable potential for development; that Ashram has the potential to become one of the largest fluorspar sources in the world and a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Eldor property. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these events, activities or developments from coming to fruition include: that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Eldor Property, the project may not be commercially viable. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View the original press release on accesswire.com

SQM's Role in Global Markets

Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM), based in Chile, has established itself as one of the world's leading producers of lithium, iodine, and potassium derivatives. Their global sales and production presence is spanned across multiple continents, with numerous Commercial Offices, Joint Ventures, Production Plants, and Mining Operations across North America, Europe, South America, with the bulk of sales being generated from Asia, and Oceania.

Warning! GuruFocus has detected 8 Warning Sign with SQM.