Sociedad Quimica y Minera de Chile S.A. SQM posted a profit of $213.6 million or 75 cents per share in second-quarter 2024. The figure marks a decline from the $580.2 million or $2.03 per share registered in the year-ago quarter. Quarterly earnings also fell short of the Zacks Consensus Estimate of 99 cents per share.

SQM generated revenues of $1,293.6 million in the quarter, down around 37% year over year. The figure beat the Zacks Consensus Estimate of $1,260.7 million.

Sociedad Quimica y Minera S.A. Price, Consensus and EPS Surprise

 

Sociedad Quimica y Minera S.A. Price, Consensus and EPS Surprise

Sociedad Quimica y Minera S.A. price-consensus-eps-surprise-chart | Sociedad Quimica y Minera S.A. Quote

 Segment Highlights

Revenues from the Lithium and Derivatives segment fell nearly 55% year over year to $664.7 million in the reported quarter. Despite a near 21% increase in sales volumes, the downside was caused by a sharp 63% reduction in average sales prices.

The Specialty Plant Nutrients (SPN) segment generated revenues of $260.5 million, up 5% year over year. This upside was primarily driven by higher sales volumes, though it was tempered by lower average sales prices.

The Iodine and Derivatives segment posted revenues of $269.2 million, up around 22% from the prior year’s levels, benefiting from higher sales volumes and increased sales prices.

Revenues from the Potassium business rose 10% year over year to $73.1 million, supported by higher sales volumes, though partially offset by lower average sales prices.

The Industrial Chemicals unit recorded sales of $20.5 million, down around 56% year over year. The figure was partially dented by significantly lower sales volumes despite higher average sales prices.

Financials

The company’s cash and cash equivalents were $1,033.1 million at the end of the quarter, down around 22% sequentially. Long-term debt was $2,946.2 million, flat sequentially.

Outlook

SQM’s production guidance remains unchanged from earlier this year, with expectations to produce approximately 210,000 metric tons of lithium carbonate equivalent from its production facilities. Sales volumes in the second half of the year are anticipated to be similar to those reported in the first half of 2024.

Positive trends have been observed in the potassium nitrate market during the first half of this year, driven by strong demand growth and stable market prices. The firm projects that total market demand for potassium nitrate could rise by nearly 13% compared with 2023 levels. As a result, its sales volumes are expected to outpace this demand growth, increasing by close to 20% in 2024 from the previous year’s tally. Price stability seen in the first half of 2024 is expected to continue through the remainder of the year, assuming market conditions remain consistent.

In the iodine market, stronger-than-anticipated demand growth was seen in the first half of the year, a trend the company believes could extend into the second half. Total iodine demand growth in 2024 is projected to reach approximately 7% year over year, primarily driven by applications in X-ray contrast media and LCD/LED screen segments. Given these favorable trends, SQM expects its iodine sales volumes in 2024 to exceed 14,500 metric tons, surpassing the levels reported for 2023. Iodine prices have shown a slight increase since the first quarter, with the potential for further price gains in the second half due to robust demand and limited supply.

Global demand growth for potassium remained robust in the first half of 2024, with total demand projected to exceed 70 million metric tons by the year-end. The company expects its sales volumes to reach 650,000 metric tons in 2024.

Quarterly sales volumes for industrial chemicals are anticipated to remain steady throughout the year, with market prices likely to stay stable for the remainder of 2024.

Price Performance

SQM’s shares have plunged 41.8% over a year compared with the industry’s decline of 22.1%.

Zacks Investment Research

Image Source: Zacks Investment Research

Zacks Rank & Key Picks

SQM currently carries a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the Basic Materials space are Newmont Corporation NEM, Element Solutions Inc ESI and Barrick Gold Corporation GOLD. Newmont and ElementSolutionssport a Zacks Rank #1 (Strong Buy), while Barrick Gold carries a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Newmont’s current-year earnings is pegged at $2.82, indicating a rise of 75% from the year-ago levels. The consensus for NEM’s earnings has increased 16% in the past 60 days.The stock has gained nearly 34.4% in the past year.

The Zacks Consensus Estimate for ESI’s current-year earnings is pegged at $1.42, indicating a rise of 10% from the year-ago levels. ESI beat the consensus estimate in three of the last four quarters, with the average earnings surprise being 3.8%. The stock has rallied nearly 36.8% in the past year.

The Zacks Consensus Estimate for GOLD’s current year earnings is pegged at $1.21, indicating a year-over-year rise of 44%. GOLD’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average earnings surprise being 21.2%. The company’s shares have increased 30.2% in the past year.

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Zacks Investment Research

As the S&P 500 approaches a new record, buoyed by optimism surrounding potential interest rate cuts and strong earnings reports, investors are keenly watching for opportunities in an increasingly bullish market. In this environment, identifying undervalued stocks can be particularly rewarding, as these equities may offer significant upside potential when their intrinsic value is recognized.

Top 10 Undervalued Stocks Based On Cash Flows In The United States

Name

Current Price

Fair Value (Est)

Discount (Est)

Kaspi.kz (NasdaqGS:KSPI)

$127.08

$252.16

49.6%

Owens Corning (NYSE:OC)

$163.36

$316.48

48.4%

Sociedad Química y Minera de Chile (NYSE:SQM)

$38.45

$76.18

49.5%

Fluence Energy (NasdaqGS:FLNC)

$18.32

$35.79

48.8%

American Superconductor (NasdaqGS:AMSC)

$20.65

$40.94

49.6%

Vitesse Energy (NYSE:VTS)

$24.58

$48.59

49.4%

MaxLinear (NasdaqGS:MXL)

$12.79

$24.91

48.7%

QuinStreet (NasdaqGS:QNST)

$17.45

$34.44

49.3%

Cytek Biosciences (NasdaqGS:CTKB)

$5.38

$10.61

49.3%

Zillow Group (NasdaqGS:ZG)

$53.11

$104.15

49%

Click here to see the full list of 176 stocks from our Undervalued US Stocks Based On Cash Flows screener.

Here we highlight a subset of our preferred stocks from the screener.

Corning

Overview: Corning Incorporated operates in display technologies, optical communications, environmental technologies, specialty materials, and life sciences sectors across the United States and internationally, with a market cap of approximately $34.85 billion.

Operations: Corning’s revenue segments include $3.86 billion from Optical Communications, $3.73 billion from Display Technologies, $1.99 billion from Specialty Materials, $1.76 billion from Environmental Technologies, and $957 million from Life Sciences.

Estimated Discount To Fair Value: 19.1%

Corning, trading at US$42.08, is undervalued based on discounted cash flow analysis with a fair value estimate of US$52. Despite significant insider selling and a high level of debt, Corning’s earnings are forecast to grow significantly at 27.8% annually, outpacing the market average. Recent strategic moves include an extended distribution agreement with Axion BioSystems and substantial share buybacks totaling 5.57% for US$1.81 billion since July 2019, indicating confidence in its financial position and future growth prospects.

NYSE:GLW Discounted Cash Flow as at Aug 2024Palantir Technologies

Overview: Palantir Technologies Inc. develops and implements software platforms for intelligence and counterterrorism operations across the United States, the United Kingdom, and globally, with a market cap of $72.38 billion.

Operations: Palantir’s revenue segments include $1.14 billion from commercial operations and $1.34 billion from government contracts.

Estimated Discount To Fair Value: 37.7%

Palantir Technologies, trading at US$32.54, is significantly undervalued based on discounted cash flow analysis with a fair value estimate of US$52.24. The company recently became profitable and forecasts earnings growth of 22.78% per year, outpacing the market average. Despite past shareholder dilution, Palantir’s strategic partnerships with Microsoft and Wendy’s QSCC highlight its expanding AI capabilities and potential for future revenue growth in various sectors including defense and supply chain management.

NYSE:PLTR Discounted Cash Flow as at Aug 2024Sociedad Química y Minera de Chile

Overview: Sociedad Química y Minera de Chile S.A. is a global mining company with a market cap of $10.65 billion.

Operations: The company’s revenue segments include Potassium ($255.75 million), Industrial Chemicals ($131.14 million), Iodine and Derivatives ($892.61 million), Lithium and Derivatives ($4.08 billion), and Specialty Plant Nutrition ($900.72 million).

Estimated Discount To Fair Value: 49.5%

Sociedad Química y Minera de Chile (SQM), trading at US$38.45, is highly undervalued based on discounted cash flow analysis with a fair value estimate of US$76.18. Despite recent declines in revenue and net income, SQM’s earnings are forecast to grow significantly at 36% per year over the next three years, outpacing the US market average. However, its debt is not well covered by operating cash flow and its dividend yield of 28.45% is unsustainable based on free cash flows.

NYSE:SQM Discounted Cash Flow as at Aug 2024Seize The Opportunity

Searching for a Fresh Perspective?

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

Companies discussed in this article include NYSE:GLW NYSE:PLTR and NYSE:SQM.

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

Goliath Resources Limited

TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce it has closed the $2,000,000 order from a strategic global commodity group based in Singapore, plus additional orders for gross proceeds of $5,406,080 in the first tranche. The second tranche up to a total of $6,500,000 is expected to close early September 2024.

The non-brokered private placement is a combination of: (i) Non-Flow-Through shares (NFT) to be sold at a price of $1.11 each and Flow-Through shares (FT) to be sold at a price of $1.28 that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The first tranche consisted of 2,782,410 NFT shares for gross proceeds of $3,088,475 and 1,810,629 FT shares for proceeds of $2,317,605 for aggregate proceeds of $5,406,080.

The Company intends to use the proceeds for general operating expenses and exploration related programs on its properties located in and around the Golden Triangle of northwestern British Columbia.

The proceeds from the FT offering will be used for Canadian exploration expenses as such term is defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act, flow-through mining expenditures as defined in Subsection 127(9) of the tax act that will qualify as flow-through mining expenditures, and B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2025, and renounced with an effective date no later than Dec. 31, 2024. British Columbia Super Flow – the B.C. mining flow-through share (B.C. MFTS) tax credit allows BC Residents who invest in flow-through shares to claim a provincial non-refundable tax credit of 20% of their B.C. flow-through mining expenditures. B.C. flow-through mining expenditures are specific exploration expenses incurred by a PBC and renounced by a corporation issuing the flow-through shares.

Goliath paid finders' fees composed of 6% cash totaling $67,342.26 and 6% finder warrants totaling 59,382 on certain orders in connection with the first tranche of the placement, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, Mr. Rob McEwen and Mr. Eric Sprott.

For more information please contact:

Goliath Resources Limited Mr. Roger Rosmus Founder and CEO Tel: +1.416.488.2887roger@goliathresources.com www.goliathresourcesltd.com

Other

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.The securities referred to herein have not been and will not be 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 account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Highlights

 

•          SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year. 

•          Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of  US$1,330.1 million or US$4.66 per share for the same period last year.

•          Strong sales volumes growth in lithium, iodine and fertilizer businesses.

•          Record-high quarterly sales volumes in lithium and iodine businesses, surpassing 52,000 metric tons and 4,000 metric tons, respectively.

•          Signed definitive partnership agreement with Codelco to jointly develop and operate lithium assets in the Salar de Atacama until 2060.

•          Signed a long-term agreement with Hyundai Motors Co. Ltd. and Kia Corporation.

•          Launched SQM International Lithium to develop our lithium business outside of Chile.

SQM will hold a conference call to discuss these results on Wednesday, August 21, 2024 at 12:00pm ET (12:00pm Chile time).

Participant Dial-In (Toll Free): 1-844-282-4852

Participant International Dial-In: 1-412-317-5626

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=FRfGBEBZ

SANTIAGO, Chile, Aug. 21, 2024 /PRNewswire/ — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net loss(1) for the six months ended June 30, 2024, of (US$655.9) million or (US$2.30) per share, compared to US$1,330.1 million or US$4.66 per share reported for the same period last year.

(PRNewsfoto/Sociedad Quimica y Minera de Chile, S.A. (SQM))

Gross profit reached US$752.5 million (31.6% of revenues) for the six months ended June 30, 2024, lower than US$1,920.7 million (44.5% of revenues) recorded for the six months ended June 30, 2023. Revenues totaled US$2,378.1 million for the six months ended June 30, 2024, representing a decrease of 44.9% compared to US$4,315.6 million reported for the six months ended June 30, 2023.

The Company also announced net income for the second quarter of 2024 of US$213.6 million or US$0.75 per share, a decrease of 63.2% compared to US$580.2 million or US$2.03 per share for the second quarter of 2023. Gross profit for the second quarter of 2024 reached US$383.9 million, 55.1% lower than the US$855.1 million reported for the second quarter of 2023. Revenues totaled US$1,293.6 million for the second quarter of 2024, a decrease of 37.0% compared to US$2,051.7 million for the second quarter of 2023.

SQM's Chief Executive Officer, Ricardo Ramos, stated, "We are very pleased to highlight that during the second quarter, we entered into a partnership agreement with Codelco to extend our operations in the Salar de Atacama until 2060. Together with Codelco, we are working to fulfill the remaining conditions for the partnership to take effect in 2025. The most pivotal of these is the consultation process with the communities surrounding the Salar de Atacama. We are committed to reaching a mutually beneficial agreement with the Atacameño communities founded upon the most rigorous standards, transparency and promotion of the human rights of these communities."

He continued by saying, "In the second quarter, we continued to see positive sales volumes growth in the lithium, iodine and fertilizer businesses. While sales volumes in the lithium and iodine businesses again reached record levels, increasing by more than 20% and 11%, respectively, compared to the same period last year, sales volumes in the fertilizer business confirmed the strong demand recovery trends anticipated since the beginning of the year, increasing by more than 20% compared to the same period last year."

Mr. Ramos further stated, "The strong sales volumes growth in the lithium business in the second quarter was offset by significantly lower average realized lithium prices, as a result of lower market prices when compared to the same period last year. We see this pricing trend continuing in the second half of this year, with current lithium price indices in China nearly 20% lower than the average lithium price indices in the second quarter of 2024. This trend could have a negative impact on our realized prices, which reflect the prevailing market price trends, in the second half of the year. Given current price levels, we anticipate that some lithium producers may reduce their output, as many projects, especially greenfield, are not economically viable at these prices. In our situation, while we continue to advance our previously announced expansions, we are currently reevaluating specific markets and initiatives that may be less attractive in the near term under these conditions."

Mr. Ramos closed by saying, "In light of our confidence in the long-term growth of the lithium industry, we launched SQM International Lithium to focus on developing SQM's lithium business outside of Chile. Leveraging our expertise in exploration, project development, M&A and innovation, SQM International Lithium's objective is to expand the portfolio of lithium assets we have with various partners outside of Chile, allowing us to increase SQM's production volumes by at least 100,000 metric tons of LCE per year by the end of this decade."

About SQM

SQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world position in the lithium, potassium nitrate, iodine and thermo-solar salts markets.

For further information, contact:

Gerardo Illanes / gerardo.illanes@sqm.comIrina Axenova  / irina.axenova@sqm.comIsabel Bendeck / isabel.bendeck@sqm.com

For media inquiries, contact:

Maria Ignacia Lopez / ignacia.lopez@sqm.comPablo Pisani / pablo.pisani@sqm.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "plan," "believe," "estimate," "expect," "strategy," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make concerning the completion and implementation of the proposed partnership with Codelco, the development of Salar Futuro Project, Company's capital expenditures, financing sources, Sustainable Development Plan, business and demand outlook, future economic performance, anticipated sales volumes and sales prices, profitability, revenues, expenses, or other financial items, anticipated cost synergies and product or service line growth.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are estimates that reflect the best judgment of SQM management based on currently available information. Because forward-looking statements relate to the future, they involve a number of risks, uncertainties and other factors that are outside of our control and could cause actual results to differ materially from those stated in such statements, including our ability to successfully implement the Sustainable Development Plan. Therefore, you should not rely on any of these forward-looking statements. Readers are referred to the documents filed by SQM with the United States Securities and Exchange Commission, including the most recent annual report on Form 20-F, which identifies other important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to SQM on the date hereof and SQM assumes no obligation to update such statements, whether as a result of new information, future developments or otherwise, except as required by law.

(1) Includes the net effect of accounting adjustments for the payments of the specific tax on mining activities for the exploitation of lithium for the six months ended June 30, 2024, in a total amount of US$1,106.9 million. For more detail, please refer to Note (1) to this Earnings release.

 

Cision

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SOURCE Sociedad Quimica y Minera de Chile, S.A. (SQM)

FMC Corporation FMC recently filed regulatory applications for the Dodhylex active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the Philippines, the United States, Colombia, South Korea, Peru and Taiwan, accounting for roughly 35% of the estimated 165 million hectares of planted rice worldwide. Dodhylex active regulatory filings are planned for a number of other significant global markets.The Herbicide Resistance Action Committee and the Weed Science Society of America have categorized Dodhylex active, FMC's brand name, as tetflupyrolimet, which is a Group 28 herbicide, thereby making it the first novel mode of action herbicide globally in more than three decades. Dodhylex active will be a significant new rotational tool for farmers to manage herbicide resistance, which is becoming an increasingly difficult concern for growers around the world.Dodhylex active is a key improvement for the agriculture industry because it combats resistant grass weeds. According to studies, this proprietary molecule provides season-long control of resistant grass weeds in rice, irrespective of cultivation method. FMC is continuing to evaluate the application of Dodhylex active in other crops such as sugarcane, wheat, soybeans and corn.FMC's innovation and methodical approach to develop novel molecules to facilitate food security for an expanding population and fight resistance are demonstrated by the discovery and development of Dodhylex active at the Stine Research Centre. Subject to regulatory decisions, FMC expects the first launches of Dodhylex in 2026.Shares of FMC have lost 28.5% over the past year compared with its industry’s 6.5% decline.

Image Source: Zacks Investment Research

FMC, on its second-quarter call, updated its revenue outlook for full-year 2024 and now expects revenues to be between $4.30 billion and $4.50 billion, indicating a 2% decline at the midpoint from 2023. Adjusted EBITDA is now expected to be in the range of $880- $940 million, indicating a 7% decline at the midpoint from the prior year. Adjusted earnings per share are now forecast to be between $3.02 and $3.64, implying a 12% year-over-year decline at the midpoint. Full-year free cash flow is anticipated to be in the band of $400-$500 million.FMC also forecasts third-quarter revenues to be between $1 billion and $1.09 billion, indicating a 6% increase at the midpoint from the third quarter of 2023. Adjusted EBITDA is forecast to be in the band of $165-$195 million, indicating a 3% rise from the prior-year level. Adjusted earnings per share are expected to be in the range of 39-67 cents, indicating a 20% rise at the midpoint from the third-quarter 2023 level.

FMC Corporation Price and Consensus

FMC Corporation price-consensus-chart | FMC Corporation Quote

Zacks Rank & Key Picks

FMC currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space are Carpenter Technology Corporation CRS, Eldorado Gold Corporation EGO and Agnico Eagle Mines Limited AEM. CRS beat the Zacks Consensus Estimate in the last four quarters, with the average earnings surprise being 15.9%. The company's shares have gained 154.7% in the past year.  Carpenter Technology currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Eldorado’s current-year earnings is pegged at $1.32 per share, indicating a year-over-year rise of 131.6%. The consensus estimate for EGO's current-year earnings has gone up in the past 30 days. EGO, which currently sports a Zacks Rank of 1, beat the consensus estimate in the last four quarters, with the average earnings surprise being 430.3%. The company's shares have gained roughly 107.3% in the past year.Agnico Eagle Mines currently carries a Zacks Rank #2 (Buy). AEM beat the Zacks Consensus Estimate in the last four quarters, with the average earnings surprise being 15.7%. The company's shares have gained 73.5% in the past year.

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Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – August 21, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel") is pleased to announce, pursuant to the previously announced binding letter of intent with Norway House Cree Nation ("NHCN") dated July 21, 2024 (the "LOI"), that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with NHCN and 10197729 Manitoba Inc., a wholly owned subsidiary of NHCN, (the "Purchaser"), pursuant to which Flying Nickel proposes to sell its Minago Nickel project and its related assets located in the Thompson Nickel Belt of Manitoba, Canada (the "Minago Assets") to the Purchaser in consideration for $8,000,000 in cash and the surrender of 17,561,862 common shares in the capital of Flying Nickel ("Flying Nickel Shares") held by NHCN (the "Transaction") , by way of a statutory plan of arrangement under Section 288 of the Business Corporations Act (British Columbia) (the "Arrangement"). The Flying Nickel Shares held by NHCN represent approximately 11.4% of the total issued and outstanding Flying Nickel Shares. The Purchaser has deposited $500,000 in escrow in connection with the Arrangement (the "Deposit").

Information Regarding the Proposed Arrangement

Pursuant to the Arrangement Agreement, the parties have agreed to close the Transaction by no later than December 15, 2024 (the "Outside Date") and expect to close the Transaction by October 16, 2024. As NHCN holds greater than 10% of the issued and outstanding Flying Nickel Shares, the Transaction is a "related party transaction" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") and Policy 5.9 – Protection of Minority Security Holders in Special Transactions ("Policy 5.9") of the TSX Venture Exchange (the "TSXV"). In accordance with the provisions of MI 61-101, Flying Nickel is exempt from the formal valuation requirements under MI 61-101 and Policy 5.9 pursuant to section 4.4(a) of MI 61-101 as an issuer not listed on a specified market. However, the Arrangement requires majority of the minority shareholder approval ("Disinterested Shareholder Approval") under MI 61-101. For the purposes of Disinterested Shareholder Approval, the Arrangement must be approved at the Meeting (as defined below) by at least a majority of the votes cast on the resolution to approve the Arrangement by Flying Nickel shareholders present in person or represented by proxy and entitled to vote at the Meeting excluding all Flying Nickel Shares held by persons noted in Section 8.1(2) of MI 61-101. Therefore, Flying Nickel Shares held by NHCN will be excluded from the Disinterested Shareholder Approval. There has not been a formal valuation or prior valuation in respect of the subject matter of or relevant to the Arrangement in the prior 24 months. The Arrangement also requires approval of a special majority of 66 2/3% of the Flying Nickel shareholders present in person or represented by proxy at the Meeting. The Transaction is further subject to approvals from the TSXV and the Supreme Court of British Columbia.

The Arrangement Agreement is subject to termination in certain instances, including if the shareholders of Flying Nickel do not approve the Arrangement at the Meeting, if Flying Nickel receives a superior proposal and complies with its requirements under the Arrangement Agreement, or at the option of either party if the Arrangement is not completed before the Outside Date. For certain termination events, such as pursuant to the acceptance of a superior proposal, Flying Nickel has agreed to pay a termination fee of $400,000 (the "Termination Fee").

Details of the Arrangement (including full details of the Deposit, termination conditions, and the Termination Fee discussed herein) and the special meeting to approve the Arrangement (the "Meeting") will be set out in Flying Nickel's management information circular and proxy statement which will be mailed to Flying Nickel shareholders. The Meeting is scheduled to be held on October 7, 2024, at the offices of MLT Aikins LLP located at 2600-1066 West Hastings Street, Vancouver, British Columbia, at 10:30 a.m. (Pacific Time).

Blackstone Minerals Limited, Sparta AG, Oracle Commodity Holding Corp., and each of the directors and officers of Flying Nickel (together, the "Supporting Shareholders") have entered into voting support agreements in connection with the Arrangement. The Supporting Shareholders and NHCN collectively hold approximately 52% of the issued and outstanding Flying Nickel Shares on a non-diluted basis and the Supporting Shareholders represent approximately 45% of the Disinterested Shareholder Approval.

Completion of the Arrangement is subject to customary conditions as set out in the Arrangement Agreement and receipt of all necessary court and regulatory approvals. The Arrangement Agreement includes customary representations, warranties, and indemnities of each party.

Full details of the Arrangement will be included in the meeting materials with respect to the Meeting, which will be available on the Sedar+ profile of Flying Nickel at sedarplus.ca.

No finder's fee is expected to be paid by any of Flying Nickel, NHCN or the Purchaser to any party in connection with the Arrangement.

The Arrangement is also not expected to constitute an Arm's Length Transaction as defined in the policies of the TSXV for Flying Nickel, due to the shareholding of NHCN as described herein.

Name Change

The Company is also proposing to be renamed to "CleanTech Vanadium Mining Corp.", or such other name as the Board in its sole discretion may determine, upon the Transaction closing (the "Name Change"). The Name Change requires approval of a special majority of 66 2/3% of the Flying Nickel shareholders present in person or represented by proxy at the Meeting. Additionally, the Name Change and the particular name chosen both remain subject to TSXV and regulatory approval.

Board Recommendation

Flying Nickel confirms that after careful consideration, including a thorough review of the Arrangement Agreement, the plan of arrangement, receiving the oral fairness opinion of Evans & Evans, Inc. (which will be followed by a written option), and conducting a thorough review of other matters, the board of directors of Flying Nickel (with Neil Duboff, NHCN's nominee, having recused himself) has determined in consultation with its legal and financial advisors, and based in part on the fairness opinion, that the Arrangement is in the best interests of Flying Nickel and its shareholders, and unanimously recommends (with Neil Duboff, NHCN's nominee, having recused himself) that shareholders vote FOR the resolutions to approve the Arrangement at the upcoming Meeting. Further information regarding the reasons for the board recommendation will be set forth in the management information circular to be prepared in connection with the Meeting.

Additionally, after careful consideration, including a thorough review of the proposed Name Change, the board of directors of Flying Nickel has determined that the Name Change is in the best interests of the Company and its Shareholders, and recommends that Shareholders vote FOR the resolutions to approve the Name Change at the upcoming Meeting. Further information regarding the reasons for the board recommendation will be set forth in the management information circular to be prepared in connection with the Meeting.

About Flying Nickel Mining Corp.

Flying Nickel is an exploration-stage mining company focused on vanadium and nickel resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States and a 100% interest in the Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on Flying Nickel can be found at www.flynickel.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John LeeChief Executive Officer

For more information about Flying Nickel, please contact: Suite 1610 – 409 Granville StreetVancouver, BC V6C 1T2Phone: 1.877.664.2535 / 1.877.6NICKELEmail: info@flynickel.com

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

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Arrangement and has neither approved nor disapproved the contents of this news release.

Forward-Looking Statements and Cautionary Disclaimers

References to $ herein refer to the lawful currency of Canada.

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Completion of the Arrangement and the Name Change is subject to a number of conditions, including but not limited to the standard closing conditions contained in the Arrangement Agreement, TSXV acceptance, court and shareholder approval. Where applicable, the Arrangement cannot close until the required approvals are obtained.

There can be no assurance that the Arrangement will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Arrangement, any information released or received with respect to the Arrangement may not be accurate or complete and should not be relied upon. Trading in the securities of Flying Nickel should be considered highly speculative.

This news release is not an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the Arrangement including timing, closing and terms of the Arrangement, the number of Flying Nickel Shares owned and expected to be owned by certain parties who have executed voting support agreements, and the ability of Flying Nickel to obtain the requisite TSXV, shareholder, court and other approvals in connection with the Arrangement, as well as statements with respect to the Name Change including timing, the proposed name (CleanTech Vanadium Mining Corp.) and the ability of Flying Nickel to obtain the requisite TSXV, shareholder, court and other approvals in connection with the Name Change. Except for statements of historical fact relating to Flying Nickel, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur, including, without limitation, that all conditions precedent to the Arrangement will be met and the realization of the anticipated benefits derived therefrom for shareholders of Flying Nickel and perception of (i) the quality and the potential of Flying Nickel's assets, (ii) the consideration offered to Flying Nickel, and (iii) the potential of Flying Nickel's business following completion of the Arrangement. Forward-looking statements are based on the opinions and estimates of management of Flying Nickel at the date the statements are made, and are based on a number of assumptions and 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 statements. Many of these assumptions are based on factors and events that are not within the control of Flying Nickel, there is no assurance they will prove to be correct and are not guarantees of future performance and actual results may differ materially from those in the forward- looking statements.

Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include changes in market conditions; cash flow and availability of financing; the ability of Flying Nickel to obtain the requisite court, shareholder, TSXV and other third party approvals in respect of the Arrangement and the Name Change; exercise of any dissent rights, trades in the market, issuances of securities or exercises of convertible securities and other factors that could alter the share capital of Flying Nickel or other parties; risks relating to the availability and timeliness of permitting and governmental consents and approvals; and other risks of the mining industry.

These factors are discussed in greater detail in Flying Nickel's most recent MD&A filed on SEDAR+ at www.sedarplus.ca, which also provides additional general assumptions in connection with these statements. Flying Nickel cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements contained herein should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Flying Nickel believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.

Although Flying Nickel has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Flying Nickel undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Further, Flying Nickel may make changes to its business plans that could affect results.

Not for distribution to United States newswire services or for dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220654

BHP Group Limited

REGINA, Saskatchewan, Aug. 21, 2024 (GLOBE NEWSWIRE) — The Regina Food Bank and BHP are pleased to announce a partnership to ensure the financial sustainability and programming impact of the recently created BMO ASAHTOWIKAMIK Food Hub. Through the partnership BHP will invest $350,000, designating BHP as the reconciliation partner. Funds will go towards the food sovereignty programme and a mural in the Food Hub created by local Indigenous artist Chantel Yuzicappi, from Standing Buffalo First Nation in Treaty 4 Territory.

The Regina Food Bank feeds over 17,000 people per-month, of which 23% are of self-identified Indigenous decent. Food insecurity is linked to lower education, health and economic outcomes; and addressing it is in-line with the Truth & Reconciliation Calls to Action, particularly those aligned with youth programming, language, education and health.

The Food Hub is a national first, providing food bank services with a grocery store feel. The new approach means that for the first time in 40 years, client’s will be able to choose the food their family needs from a culturally diverse, nutritious selection. The food sovereignty programme plays an important role in this, supporting initiatives such as buffalo harvests and Indigenous urban agriculture.

The space has been purposefully created as a vibrant gathering place for the community with a focus on making it a welcoming environment for Indigenous community members with the inclusion of Indigenous languages, a reconciliation room to host programming, and the art created by Ms.Yuzicappi.

The name ASAHTOWIKAMIK is the Cree meaning for a “feeding lodge”. The name was gifted through ceremony by Elder Murray Ironchild of Piapot First Nation to the Regina Food Bank for their new location. Elder Ironchild and local Indigenous community members asked that the new Food Hub do more than provide food by focusing on partnerships, programming and giving a hand-up.

BHP’s investment will do just that according to John Bailey, CEO, Regina Food Bank, “We want to thank BHP for helping us advance food sovereignty programming and create a culturally friendly and respectful environment for all. Together, and with BHP’s help, we are providing a new model for reconciliation and feeding our community”.

“At BHP we are very pleased to support the growing need for food bank services and important efforts towards reconciliation in the community in a way that touches on day-to-day experiences and builds stronger, more dignified engagements,” said Karina Gistelinck, BHP Potash Asset President. “Partnering with the Food Bank in this way was a natural fit. We recently released our Canada Indigenous Partnerships Plan. This investment is the first reconciliation-focused investment under the new Plan; and one that we hope will be the start of many new partnerships. We applaud the Regina Food Bank for their innovation approach.”

The BMO ASAHTOWIKAMIK Community Food Hub opened to clients on August 16th. To learn more visit https://www.reginafoodbank.ca/food-hub-campaign.

About the Regina Food Bank

The Regina Food Bank is a charitable community-based organization working to fight food insecurity through nutritious food distribution, education, and support programs.

For over 40 years we have worked to restore dignity, health and hope for our clients. We also build community – rallying the community to make Regina a more fair, caring, and dynamic city. The Food Bank feeds over 15,000 people a month, making it the largest food security organization in Southern Saskatchewan.

About BHP BHP is a global resources company with its Canadian operational headquarters in Saskatoon, Saskatchewan and global business development headquarters in Toronto. BHP has a global workforce of approximately 80,000 people working in locations across Canada, Australia, Asia, the UK, US and Latin America. BHP produces commodities essential for global decarbonization, economic development and food security including copper, nickel, iron ore, metallurgical coal and is developing the Jansen potash project in Saskatchewan, Canada. BHP recently released it's Canada Indigenous Partnerships Plan which outlines how it’s global Indigenous Peoples Policy Statement will be operationalised in Canada and the ongoing work to advance existing and new relationships with Indigenous peoples in Canada. Further information on BHP can be found at: bhp.com.

For media inquiries, please contact:

Regina Food BankDavid Froh, Vice PresidentRegina Food Bank 306-550-4823 dfroh@reginafoodbank.ca

BHPMegan HjulforsMedia Relations403-605-2314

Halifax, Nova Scotia and Perth, Australia–(Newsfile Corp. – August 20, 2024) – Meteoric Resources NL (ASX: MEI) ("Meteoric") and Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore") announce the August 2024 execution of a memorandum of understanding ("MOU") for the supply of 3,000 metric tonnes ("MT") of total rare earth oxide ("TREO") from Meteoric's forthcoming Caldeira Rare Earth Ionic Clay Project ("Caldeira") in the Minas Gerais State of Brazil to Ucore's developing Alexandria, Louisiana, USA, rare earth oxide ("REO") production facility, the Louisiana Strategic Metals Complex ("SMC").

Meteoric is an Australian public company headquartered in Perth, Western Australia. The TREO identified across its Caldeira Project represents an enriched heavy REO basket with strongly enriched Magnet REOs – terbium, dysprosium, neodymium, and praseodymium. Caldeira has been identified as one of the world's lowest-cost sources of rare earths with outstanding financial metrics (refer ASX release 8 July 2024).

Ucore is a Canadian public company headquartered in Halifax, Nova Scotia, with a transformational rare earth separation technology, RapidSX™. Ucore is currently undertaking heavy and light rare earth element ("REE") separation at demonstration scale at its RapidSX™ Commercialization and Demonstration Facility ("CDF") in Kingston, Ontario. Participants include the US Department of Defense and the Canadian Government as Ucore implements its technology transfer plan from demonstration scale to commercial scale at its prospective Louisiana SMC.

Key Provisions of the MOU:

  • During the term of the MOU, the Parties will work toward establishing a binding definitive agreement for the supply of mixed rare earth carbonate ("MREC") from Caldeira to the Louisiana SMC.

  • Once the Parties are in production they envision that Ucore will purchase a minimum quantity of 3,000MT of TREO annually from Caldeira.

    • This could represent over 900MT of NdPr, approximately 6MT of Tb and 24MT of Dy.

  • Both Parties will support each other in the pursuit of funding and business development for their respective projects.

  • Ucore's initial production of REO in Louisiana is forecast to start commissioning by Q4-2025 and commence commercial operations in the first half of 2026.

  • Meteoric expects to obtain a construction permit by Q4-2025 and aims to commence MREC production during the second half of 2027.

Pat Ryan, P.Eng., Chairman and Chief Executive Officer of Ucore, stated: "Ucore is delighted to have the opportunity to work with Meteoric and its world-class Caldeira Project as we continue to engage with like-minded partners in establishing a Western supply chain made up of diverse global projects. The proximity of South America, particularly Brazil, to the Port of New Orleans and onto our Alexandria, Louisiana facility is ideally situated as we establish rare earth manufacturing in the Southeast United States."

Nick Holthouse, Chief Executive Officer of Meteoric stated: "We are very pleased to be bringing this important agreement with Ucore to market. This builds on Meteoric's MREC offtake strategy,and we are delighted to support Ucore in their march towards becoming an alternative separating option for a Western Rare Earth supply chain. Ucore's interest signals strong external market confidence in the Caldeira Project`s ability to progress to an FID and into production. We look forward to working with Ucore and having the benefit of their technical support and US Government relationships as we continue to pursue and develop our own downstream capabilities and progress to a binding commercial arrangement."

# # #

 

About Ucore Rare Metals Inc.

Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana and subsequent Strategic Metal Complexes in Canada and Alaska, USA.

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

CONTACTS

Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the Ucore content in this news release and may be contacted at 1.902.482.5214.

For additional information, please contact:

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

About Meteoric Resources

Meteoric Resources NL (ASX: MEI) is a Perth based rare earth company that is progressing its flagship Caldeira Project in Minas Gerais, Brazil and aims to become Brazil's next rare earth producer. The Caldeira Project is an advanced stage exploration project with a true Ionic adsorbed Clay (IAC) deposit with above industry TREO grades and excellent metallurgical recoveries using a standard Ammonium Sulphate (AMSUL) wash flowsheet. These grade and recovery characteristics allow a simple flowsheet to be developed to produce a Mixed Rare Earth Carbonate (MREC) with an anticipated low capital and operating costs. Meteoric aims to become a significant volume, low-cost producer and is committed to supporting and integrating into Western supply chain opportunities.

The announcement has been authorised for release by the Board.

For further information, please contact:

Nick HolthouseChief Executive OfficerMeteoric Resources NLE nholthouse@meteoric.com.auT +61 428 964 276

Michael VaughanInvestor and Media RelationsFivemark PartnersE michael.vaughan@fivemark.com.auT + 61 422 602 720

Forward-Looking Statements and Cautionary Notes

This press release includes certain statements that may be deemed "forward-looking statements" by either Meteoric or Ucore (the "Companies"). All statements in this release (other than statements of historical facts) that address future business development and/or acquisition activities (including any related commercial production activities), timelines, events or developments that the Companies expect, are forward looking statements. Although the Companies believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results and actual results or developments may differ materially from those in forward-looking statements.

For additional risks and uncertainties regarding Ucore, its CDF, its planned commercial activities, and its ongoing Programs (generally), see the risk disclosure in Ucore's MD&A for Q1-2024 (filed on SEDAR on May 28, 2024) (www.sedarplus.ca).

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

Meteoric confirms that all forecast financial information derived from the production target in the initial ASX release dated 8 July 2024 continue to apply and have not materially changed.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220620

Emerging Growth

MIAMI, Aug. 21, 2024 (GLOBE NEWSWIRE) — EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 74th Emerging Growth Conference on August 21 – 22, 2024.

The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

Register for the Conference here.

Submit Questions for any of the presenting companies to: Questions@EmergingGrowth.com

For updates, follow us on Twitter

Sponsors:QuoteMedia – Keep Investors Informed with Dynamic Plug and Play IR Solutions(844) 485-8200Sales@QuoteMedia.comQuoteMedia.com

ProCore Advisory – Unleashing the power of strategic investor relations for public and pre-IPO companies(832)-847-1327pierre@procoreadvisory.comwww.procoreadvisory.com

Day 2 – TomorrowAugust 22, 2024

8:45Virtual Lobby opens.Register for the Conference. If you already registered, go back to the registration link and click “Already registered” and enter your email.

9:00Introduction

9:05 – 9:35SunCar Technology Group, Inc. (NASDAQ: SDA)Keynote speakers: Breaux Walker, GM, International

9:40 – 10:10Bioxytran, Inc. (OTCQB: BIXT) Keynote speakers: Mike Sheikh, Executive Vice President Business Development

10:50 – 11:20Citizens, Inc. (NYSE: CIA)Keynote speakers: Jon Stenberg, President / CEO, and Jeff Conklin, CFO

11:25 – 11:55Interstellar Communication HoldingsKeynote speakers: Seda Hewitt, Space Ambassador, Harri Laitinen, CEO of Planix Oy., and Lijie Zhu, Founder and managing director of Dragon Gate Investment Partners

12:00 – 12:30Gossamer Bio, Inc. (NASDAQ: GOSS)Keynote speaker: Bryan Giraudo, CFO & COO

1:10 – 1:40Regen BioPharma Inc. (OTC Pink: RGBP) Keynote speakers: David Koos, President / CEO, and Harry M. Lander, Ph.D. Senior Scientific Consultant

1:45 – 2:15Nature’s Miracle Holding, Inc. (NASDAQ: NMHI)Keynote speakers: James Li, CEO, and George Yutuc, CFO

2:55 – 3:05Unusual Machines, Inc. (NYSE American: UMAC)Keynote speaker: Allan Evans, CEO

3:10 – 3:20Peninsula Energy Limited (OTCQB: PENMF) (ASX: PEN)Keynote speaker: Wayne W. Heili, MD, CEO & Director

3:25 – 3:35Sucro Limited (OTCQB: SUGRF) (TSXV: SUG)Keynote speaker: Don Hill, Chairman

3:40 – 3:50Immuron Limited (NASDAQ: IMRN)Keynote speaker: Steve Lydeamore, CEO

3:55 – 4:05LeddarTech Holdings, Inc. (NASDAQ: LDTC) Keynote speakers: Frantz Saintellemy – CEO, and Chris Stewart, CFO

4:10 – 4:20Cyios Corp. (OTC Pink: CYIO) Keynote speaker: John O’Shea, Chairman

4:25 – 4:35Targa Exploration Corp. (CSE: TEX) (OTCQB: TRGEF)Keynote speaker: Cameron Tymstra, President & CEO

4:40 – 4:50Stillwater Critical Minerals (TSXV:PGE) (OTCQB:PGEZF) Keynote speaker: Michael Rowley, President & CEO

Day 1 – TodayAugust 21, 2024

8:45Virtual Lobby opens.Register for the Conference. If you already registered, go back to the registration link and click “Already registered” and enter your email.

9:00Introduction

9:05 – 9:35EUDA Health Holdings Limited, (NASDAQ: EUDA)Keynote speaker: Kelvin Chen, CEO

10:50 – 11:20BlueRush, Inc. (OTCQB: BTVRF) (TSXV: BTV)Keynote speaker: Steve Taylor, CEO

11:25 – 11:55iQSTEL Inc. (OTCQX: IQST)Keynote speaker: Leandro Jose Iglesias, Co-Founder, Chairman, President & CEO

1:10 – 1:40Nova Minerals Limited (NASDAQ: NVA) (OTC Pink: NVAAF) (ASX: NVA)Keynote speakers: Christopher Gerteisen – CEO & Executive Director

1:45 – 2:15Pure Cycle Corporation (NASDAQ: PCYO)Keynote speaker: Mark Harding, President

2:20 – 2:50Peraso Inc. (NASDAQ: PRSO) Keynote speaker: Ronald Glibbery, Co-Founder, CEO & Director

2:55 – 3:05Elutia, Inc. (NASDAQ: ELUT)Keynote speaker: Dr. Randy Mills, President & CEO

3:10 – 3:20Ascend Wellness Holdings Inc. (OTCQX: AAWH) Keynote speaker: John Hartman, CEO

3:25 – 3:35AseptiScope, Inc.Keynote speaker: Scott W Mader – Founder & CEO

3:40 – 3:50BlockchainK2 Corp. (OTCQB: BIDCF) (TSXV: BITK) Keynote speaker: Scott Brooks, CEO of RealBlocks

3:55 – 4:05Cadrenal Therapeutics, Inc. (NASDAQ: CVKD)Keynote speaker: Mr. Quang X. Pham, Chairman & CEO

4:10 – 4:20GeoVax Labs, Inc. (NASDAQ: GOVX)Keynote speaker: David Dodd, Chairman, President / CEO

4:25 – 4:3522nd Century Group, Inc. (NASDAQ: XXII)Keynote speaker: Lawrence D. Firestone, Chairman & CEO

4:40 – 4:50Sigyn Therapeutics, Inc. (OTCQB: SIGY)Keynote speaker: James Allen Joyce, CEO

4:55 – 5:05CytoMed Therapeutics, Ltd. (NASDAQ: GDTC)Keynote speaker: Peter Choo, Chairman

Visit the following link to register. You will then receive an email containing the link and time to sign into the conference.

Register for the Conference here.

Submit Questions for any of the presenting companies to: Questions@EmergingGrowth.com

Replays: Subscribe to our YouTube Channel

About EmergingGrowth.com

Founded in 2009, Emerging Growth.com quickly became a leader in its space and has developed an extensive history of identifying emerging growth companies that can be overlooked by the investment community.

About the Emerging Growth ConferenceThe Emerging Growth Conference is an effective way for public companies to engage with the investment community regarding their Company, new products, services and other major announcements from anywhere, in an effective and time efficient manner.

All sessions are conducted through video webcasts. Our conference serves as a vehicle for Emerging Growth to build relationships with our existing and potential clients. Accordingly, a certain number of the presenting companies are our current clients, and some may become our clients in the future. In exchange for services we provide, our clients pay us fees in the form of cash and securities, and we may currently have, or in the future may have investments in the securities of certain of the presenting companies. Finally, certain of the presenting companies have paid us a fee to secure a presentation time slot or to present generally. The presentations to be delivered by the presenting companies (including any virtual handouts of written materials) have not been approved, endorsed by or otherwise reviewed by EmergingGrowth.com nor should they in any way be construed to have been made in connection with an offer to sell or a solicitation of an offer to buy securities. Please consult an investment professional before investing in anything viewed on the Emerging Growth Conference or on EmergingGrowth.com.

If you believe or know of a company that might fit our audience, contact us here.

Thank you for your interest in our conference, and we look forward to your participation in future conferences.

Contact:Emerging GrowthPhone: 1-305-330-1985Email: Conference@EmergingGrowth.com

It might be of some concern to shareholders to see the Alphamin Resources Corp. (CVE:AFM) share price down 11% in the last month. But that doesn't undermine the fantastic longer term performance (measured over five years). In that time, the share price has soared some 335% higher! Arguably, the recent fall is to be expected after such a strong rise. But the real question is whether the business fundamentals can improve over the long term.

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

View our latest analysis for Alphamin Resources

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

During the last half decade, Alphamin Resources became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. Indeed, the Alphamin Resources share price has gained 37% in three years. In the same period, EPS is up 170% per year. This EPS growth is higher than the 11% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days.

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

earnings-per-share-growth

It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on Alphamin Resources' earnings, revenue and cash flow.

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. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Alphamin Resources' TSR for the last 5 years was 409%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

A Different Perspective

Alphamin Resources shareholders gained a total return of 10% during the year. But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 38% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Alphamin Resources , and understanding them should be part of your investment process.

We will like Alphamin Resources better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.

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

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.

This first new mode of action herbicide in over 30 years will be an important tool for managing resistance

PHILADELPHIA, Aug. 20, 2024 /PRNewswire/ — FMC Corporation (NYSE: FMC), a leading agricultural sciences company, recently submitted regulatory applications for Dodhylex™ active herbicide in eight rice-growing countries. Registration dossiers were submitted in India, Brazil, the Philippines, the United States, Colombia, South Korea, Peru and Taiwan, which account for approximately 35% of the estimated 165 million hectares of planted rice globally. Regulatory submissions for Dodhylex™ active are planned in additional key global markets.

Dodhylex™ active, FMC's brand name for tetflupyrolimet, has been classified by the Herbicide Resistance Action Committee (HRAC) and the Weed Science Society of America (WSSA) as a Group 28 herbicide, making it the first new mode of action herbicide globally in over three decades. Dodhylex™ active will be an important new rotational tool for growers to manage herbicide resistance, which poses an increasing challenge for growers worldwide.

"Dodhylex™ active is a significant advancement for the agriculture industry as it will help combat resistant grass weeds," said Dr. Seva Rostovtsev, FMC executive vice president and chief technology officer. "This is particularly remarkable because rice is a grass, and controlling grass weeds in a grass crop is challenging."

Studies show this proprietary molecule will offer season-long control of resistant grass weeds in rice, regardless of the cultivation method. FMC continues to research the use of Dodhylex™ active in additional crops, including sugarcane, wheat, soybean and corn.

"Dodhylex™ active is one of many new active ingredients in our robust development pipeline that will contribute to FMC's near and long-term growth," said Brian P. Angeli, FMC executive vice president and chief marketing officer. "There are opportunities to control resistant grass weeds in other crops, and we are exploring additional markets for Dodhylex™ active outside of rice. We believe this will expand our global addressable market in the future."

Dodhylex™ active, which was discovered and developed at FMC's Stine Research Center, is a testament to FMC's commitment to innovation and disciplined approach to advancing new molecules to help combat resistance and support food security for a growing population. Pending regulatory decisions, FMC anticipates the first launches of Dodhylex™ active in 2026.

For more information, please visit www.fmc.com/dodhylexactive

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 5,800 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.

Dodhylex is a trademark of FMC Corporation and/or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Dodhylex™ active is not registered for sale or use in any country. No offer for sale, sale, or use of this product is permitted prior to the issuance of the required registrations by the relevant regulatory entity.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: FMC and its representatives may from time to time make written or oral statements that are "forward-looking" and provide other than historical information, including statements contained in this press release, in FMC's other filings with the SEC, and in presentations, reports or letters to FMC stockholders.

In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2023 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.

We specifically decline to undertake any obligation, and specifically disclaims any duty, to publicly update or revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.

Dodhylex™ active

 

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-submits-regulatory-applications-in-eight-countries-for-dodhylex-active-302226844.html

SOURCE FMC Corporation

Investing.com — Gold prices rose Tuesday, climbing to new record highs, helped by dollar weakness as traders grew more convinced that the Federal Reserve will begin cutting interest rates in September.

At 08:15 ET (12:15 GMT), spot gold rose 0.9% to $2,526.43 an ounce, while gold futures climbed 0.9% to $2,564.95 an ounce.

Gold hits record highs on rate cut bets

Spot prices have hit new highs amid growing conviction that the Fed will begin cutting rates from September.

Traders are pricing in a 76% chance the Fed will cut rates by 25 basis points at the next Fed meeting, and a 24% chance for a 50 bps cut, CME Fedwatch showed.

Lower rates bode well for gold, given that they reduce the opportunity cost of investing in non-yielding assets.

An address from Fed Chair Powell, on Friday, is expected to offer more cues on the bank’s plans to cut rates.

"Gold prices are up 22% so far this year amid geopolitical uncertainties, expectations of interest rate cuts from the Fed and strong buying appetite from central banks," said analysts at ING, in a note.

"Looking ahead, we expect gold to stay near record highs on expectations that the U.S. Fed is getting closer to an interest rate cut. We believe that gold’s focus will remain firmly on the scope and timing of the Fed’s likely move to cut rates, with Jackson Hole later this week potentially providing some further clarity on the path the Fed may take."

Other precious metals also climbed higher, with platinum futures rose 0.6% to $968.65 an ounce, while silver futures rose 1.8% to $29.823 an ounce.

Copper dips as Escondida strike averted

Among industrial metals, copper prices edged higher Tuesday, with the benchmark copper futures on the London Metal Exchange climbed 0.2% to $9,268.50 a ton, while one-month copper futures rose 0.4% to $4.1980 a pound.

BHP reached an agreement with labor unions at the Escondida mine on Sunday, averting a potential strike that stood to severely limit global copper supplies.

Escondida accounts for 5% of global copper supplies, with a 40-day strike at the mine in 2017 having greatly boosted copper prices then.

Beyond supply disruptions, however, copper prices were nursing steep losses through August amid growing anxiety over weakening demand, especially in top importer China.

(Ambar Warrick contributed to this article.)

Markets are now awaiting more cues on interest rates from the Federal Reserve, with Chair Jerome Powell set to speak at the Jackson Hole Symposium on Friday.

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Santiago (Reuters) -The union at Chile's Escondida copper mine, the world's largest, signed a deal on Sunday with BHP, ending a strike that could have threatened global supplies of the red metal.

The three-year deal included changes in labour conditions such as "initiatives to optimize shift changes, increase equipment utilization and compliance with the 40-hour law," BHP said in a statement announcing the deal.

An internal union message, reviewed by Reuters, asked members to return to work.

The mine's powerful union had gone on strike on Tuesday over payment disputes and then come to a preliminary agreement on Friday that had suspended the strike.

Earlier in the day the union had sent a memo to members warning it might re-start the strike if the company did not "rectify its position" over contract talks.

BHP's statement didn't provide any further details on the deal with the union. But earlier in the week, sources at the company and the union told Reuters that BHP offered workers around $32,000 as a bonus and an additional $2,000 in soft loans.

BHP had previously offered a $28,900 bonus per worker, compared with the union's demand of 1% of shareholder dividends from the mine, or roughly $35,000 to $36,000 per member.

LME copper prices traded up 1 percent at $9,211 on Monday amid a firmer tone across metals.

(Reporting by Fabian Cambero; Writing by Sarah Kinosian; Editing by Tom Hogue and Shri Navaratnam)

Vancouver, British Columbia–(Newsfile Corp. – August 16, 2024) – Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB:ORLCF) ("Oracle") , a shareholder of Flying Nickel Mining Corp. (the "Company"), announces the filing of an early warning report pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues ("NI 62-103"). Oracle directly acquired an aggregate of 33,957,143 common shares in the capital of the Company (the "Shares") in connection with the Company's statutory plan of arrangement pursuant to Section 288 of the Business Corporations Act (British Columbia) with Nevada Vanadium Mining Corp. (the "Arrangement").

Oracle acquired the 33,957,143 Shares in exchange for the 33,957,143 commons shares it held in the capital of Nevada Vanadium Mining Corp. pursuant to the Arrangement. The price per Share the day before the Arrangement closed was $0.06, representing aggregate consideration of $2,037,429 paid to Oracle pursuant to the Arrangement.

Following the Arrangement, Oracle owns and controls 42,799,502 Shares and 1,737,587 warrants for purchasing Shares, representing approximately 28.93% of the Shares (calculated on a partially diluted basis after giving effect to the warrants held by Oracle). Prior to the Arrangement, Oracle owned 8,842,359 Shares which represented 10.04% of the Common Shares outstanding prior to completion of the Arrangement.

Oracle acquired the securities of the Issuer for investment purposes. In pursuing such purposes, Oracle takes a long-term view of its investment and reserves the right to formulate other plans or make other proposals, and take such actions with respect to its investment in the Issuer. Depending on market conditions and other factors, Oracle may acquire additional securities of the Issuer as Oracle may deem appropriate, whether in open market purchases, privately negotiated transactions or otherwise. Oracle may dispose of some or all of such securities. Oracle may also reconsider and change its plans or proposals relating to the foregoing.

Oracle is not relying on any exemptions from requirements in securities legislation applicable to formal bids. An early warning report pursuant to the requirements of applicable securities laws will be issued by the Oracle and will be posted to SEDAR+ at www.sedarplus.ca and available on request at the number below.

A copy of the early warning report has been filed on www.sedarplus.ca.

About Oracle Commodity Holding Corp.

Oracle Commodity Holding Corp. is a mining royalty company spun out from Silver Elephant Mining Corp. (TSX: ELEF) in 2022.

Further information on Oracle Commodity can be found at www.oracleholding.com.

ORACLE COMMODITY HOLDING CORP.

ON BEHALF OF THE BOARD

"Anthony Garson"CEO

For more information about Oracle Commodity, please contact:

Email: info@oracleholding.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220308

Vancouver, British Columbia–(Newsfile Corp. – August 16, 2024) – Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") and Nevada Vanadium Mining Corp. ("Nevada Vanadium") are pleased to announce the successful completion of the previously announced plan of arrangement (the "Arrangement" or the "Merger") effective August 16, 2024 whereby Flying Nickel has acquired 100% of the issued and outstanding common shares of Nevada Vanadium (the "NVMC Shares") and Nevada Vanadium has become a wholly owned subsidiary of Flying Nickel.

Pursuant to the Arrangement, Nevada Vanadium shareholders (the "NVMC Shareholders") received one common share of Flying Nickel (each whole share, a "Flying Nickel Share") for each NVMC Share held. In aggregate, Flying Nickel issued approximately 65,893,359 Flying Nickel Shares under the Arrangement.

Board of Directors and Management

Flying Nickel's board of directors post-Merger consists of four directors, including Greg Hall, Masa Igata, Neil Duboff, and John Lee.

The senior management team of Flying Nickel post-Merger includes John Lee as Chief Executive Officer, Ron Espell as President, Robert Van Drunen as Chief Operating Officer, Andrew Yau as Chief Financial Officer, and Marion McGrath as Corporate Secretary.

Nevada Vanadium's board of directors now consists of one director, being Greg Hall. No officers have been appointed for Nevada Vanadium.

Full details of the Merger and certain other matters are set out in the joint management information circular of Flying Nickel and Nevada Vanadium dated May 24, 2024 (the "Circular") and can be found under Nevada Vanadium or Flying Nickel's issuer profile on SEDAR+ at www.sedarplus.ca. A copy of the early warning report of Flying Nickel in connection with its acquisition of the NVMC Shares will be filed under Nevada Vanadium's issuer profile on SEDAR+ and can be obtained by contacting Flying Nickel as set out below.

About Flying Nickel

Flying Nickel is a nickel sulphide and vanadium exploration-stage mining company. The Company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada and Gibellini vanadium project in Nevada, USA.

For more information visit www.flynickel.com.

For more information, please contact:

John LeeChief Executive Officer and Executive ChairmanEmail: info@flynickel.comPhone: 1.877.664.2535 / 1.877.6NICKEL

Logos

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8602/220292_image1.png

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

None of the securities to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issuable in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements or information may relate to the anticipated results of the Arrangement and the Company and Nevada Vanadium's ongoing business plans, exploration and work programs.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management of the Company at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions regarding expectations and assumptions concerning the Arrangement, and that general business and economic conditions will not change in a material adverse manner. Although the Company and Nevada Vanadium have 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 or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current views of the Company and Nevada Vanadium with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: the inability of the Company and Nevada Vanadium to realize the benefits anticipated from the Arrangement and the timing to realize such benefits; unanticipated changes in market price for the Flying Nickel Shares; changes to the Company's and/or Nevada Vanadium's current and future business plans and the strategic alternatives available thereto; treatment of the Arrangement under applicable laws; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for minerals produced by the Company and Nevada Vanadium; and general economic and political conditions in Canada and other jurisdictions where the applicable party conducts business. Other factors which could materially affect such forward-looking information are described in the risk factors in the Circular, the Company's management's discussion and analyses and other filings with the Canadian securities regulators which are available under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company and Nevada Vanadium do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220292

(Bloomberg) — BHP Group and union leaders in Chile reached a preliminary wage agreement on Friday, setting the stage for a resumption of normal production at the world’s biggest copper mine. Prices dipped.

Most Read from Bloomberg

If ratified, the accord will end a stoppage that has disrupted production at a site accounting for about 5% of the world’s mined copper at a time of tightness in the supply of concentrate — the raw material used to feed smelters.

Leaders of the main union at the Escondida operation agreed to temporarily lift a strike in order to present the new proposal to their 2,400 members, according to company and union statements. If they accept, the two sides will sign a new labor contract. If they don’t, the strike will resume at 8 p.m on Sunday.

Escondida churns out more than 1 million metric tons a year, making it by far the biggest supplier of copper. The preliminary accord will come as a relief given the mine has been the scene of lengthy stoppages in the past, including a 44-day strike in 2017.

Workers downed tools Tuesday after failing to reach a wage deal with management in the obligatory phase of collective bargaining. Since then, the two sides have been engaged in on-again, off-again discussions. Negotiations dragged into the early hours of Friday before finally yielding a breakthrough. The proposal includes an immediate signing bonus of about $32,000 each, plus a more than $2,000 soft loan, according to people briefed on the matter.

Supply risks at Escondida have supported copper futures in recent days, but a modest decline in prices after the wage deal signaled that investors have not been betting heavily on a protracted stoppage.

“Strikes usually don’t tend to be long-lasting in Chile, and so the market may have been reluctant to react to it too much in the early stages,” Michael Widmer, head of metals research at Bank of America, said by phone. “The bigger issue right now is how we’re doing on the demand side, and that’s probably why the market hasn’t focused on it so much.”

Copper prices fell as much as 1.1% on the London Metal Exchange after the announcement, before paring declines to 0.4%. Still, the metal capped a weekly gain of 2.8%, breaking a five-week run of losses. Resilient US data this week helped to allay fears about a downturn in the world’s top economy.

–With assistance from Mark Burton and Paul-Alain Hunt.

(Adds details of deal in fifth paragraph)

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

By Fabian Cambero

SANTIAGO (Reuters) -The main union at BHP's Escondida copper mine in Chile agreed to management's sweetened wage offer on Friday, leading the union to suspend its strike and easing concerns about global supplies of the metal.

The union, which represents about 2,400 workers, began striking on Tuesday at Escondida, the world's largest copper mine, after failing to reach a deal over pay. The strike had started to push up global copper prices.

But on Friday, BHP said the two sides reached an agreement after resuming talks. Sources at the company and the union told Reuters that BHP offered workers around $32,000 as a bonus and an additional $2,000 in soft loans.

BHP had previously offered a $28,900 bonus per worker, compared with the union's demand of 1% of shareholder dividends from the mine, or roughly $35,000 to $36,000 per member.

"BHP and Union No. 1 have come to an agreement for a collective contract proposal. Along with that, it was agreed to suspend the strike," BHP said.

In a statement, the union said the contract offer had overwhelming support from its members and the deal would be signed.

"I feel this is the greatest recent union victory in terms of results," said Marco Lopez, a lawyer for the union.

"Not just because of the economic part, but substantial improvements in historic demands we hadn't been able to achieve (before)."

Andres Gonzalez, head of mining analysis at Plusmining consultancy in Santiago, said the deal could have an impact beyond Escondida.

"The large sums in this negotiation could mark a precedent not just for Escondida, but for all of Chile's mining industry," Gonzalez said, adding that the industry will have to think strategically about how to conduct future negotiations.

Gonzalez said, however, that the strike's suspension was a good sign not just for global markets, but also for Chile's economy since Escondida represents about 3% of the country's GDP and around 5% of the world's copper supply.

Copper prices initially fell after the news before recovering and were up 0.3% at $9,177.5 per metric ton after hitting a session low of $9,047. The metal, used in power and construction, headed to its first weekly gain in six weeks – of 3.5% – as the strike had sparked concerns about supply disruptions.

(Reporting by Fabian Cambero in SantiagoAdditional reporting by Polina Devitt in LondonWriting by Daina Beth Solomon and Alexander VillegasEditing by Frances Kerry and Rod Nickel)

OVERLAND PARK, Kan., August 16, 2024–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, received written notice on August 15, 2024 from the New York Stock Exchange (NYSE) that, because the company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the Report) with the Securities and Exchange Commission (SEC), the company is not in compliance with the continued listing requirements under Section 802.01E of the NYSE Listed Company Manual (Section 802.01E), which requires NYSE-listed companies to timely file all periodic reports with the SEC.

The company’s noncompliance with Section 802.01E has no immediate effect on the listing of the company’s securities on the NYSE. Compass Minerals plans to avail itself of the process provided by the NYSE to regain compliance. The company is working diligently to file the Report as soon as possible.

As previously reported by Compass Minerals in its Notification of Late Filing on Form 12b-25, filed with the SEC on Aug. 9, 2024, the company was unable to file the Report within the prescribed time period without unreasonable effort or expense as a result of pending restatements of its (i) unaudited financial statements included in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023, (ii) audited financial statements included in its Annual Report on Form 10-K for the period ended Sept. 30, 2023, (iii) unaudited financial statements included in its Quarterly Report on Form 10-Q for the quarterly period ended Dec. 31, 2023 and (iv) unaudited financial statements included in its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024.

About Compass Minerals

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, it is working to develop a long-term fire-retardant business. Compass Minerals operates 12 production and packaging facilities with nearly 2,000 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240816857932/en/

Contacts

Media Contact Rick AxthelmChief Public Affairs and Sustainability Officer+1.913.344.9198MediaRelations@compassminerals.com

Investor Contact Brent CollinsVice President, Investor Relations+1.913.344.9111InvestorRelations@compassminerals.com

Harmony Gold (HMY) closed the latest trading day at $10.13, indicating a +1.3% change from the previous session's end. The stock lagged the S&P 500's daily gain of 1.61%. Meanwhile, the Dow experienced a rise of 1.39%, and the technology-dominated Nasdaq saw an increase of 2.34%.

Coming into today, shares of the gold miner had lost 5.12% in the past month. In that same time, the Basic Materials sector lost 5.56%, while the S&P 500 lost 2.88%.

Analysts and investors alike will be keeping a close eye on the performance of Harmony Gold in its upcoming earnings disclosure. The company's earnings report is set to go public on August 28, 2024.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.20 per share and revenue of $3.7 billion. These totals would mark changes of +166.67% and +33.15%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Harmony Gold. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Harmony Gold holds a Zacks Rank of #5 (Strong Sell).

Digging into valuation, Harmony Gold currently has a Forward P/E ratio of 8.33. This indicates a discount in contrast to its industry's Forward P/E of 15.8.

The Mining – Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% 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.

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

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

To read this article on Zacks.com click here.

Zacks Investment Research

Vancouver, British Columbia–(Newsfile Corp. – August 15, 2024) – Pacific Bay Minerals Ltd (TSXV: PBM) ("Pacific Bay" or the "Company"), is pleased to announce that the Company has appointed Brazilian geologist Elton L.S. Pereira as Vice President Exploration, effective immediately.

Mr. Pereira brings to Pacific Bay a wealth of international success in the mining exploration industry.

Mr. Pereira led the development of Brazauro Resources Corp.'s Tocantinzinho Gold Project, which was the first major discovery in the now prolific Tapajós Mineral Province in Brazil. Tocantinzinho was subsequently sold to Eldorado Gold Corp. in 2010, which is currently under construction by G Mining Ventures.

Following this achievement, Mr. Pereira spearheaded the discovery and development of the Castelo de Sonhos gold project, owned by TriStar Gold Inc. More recently, he has contributed to the development of multiple nickel-copper-cobalt deposits in Bahia State, Brazil, through his work with Appian Capital Advisory and Bahia Nickel Mineração.

Mr. Pereira earned a M.Sc. in Geology from the University of Ouro Preto, Minas Gerais, Brazil.

"Management of the Company has decided to direct attention to the acquisition of precious metal and critical mineral exploration projects in Brazil, and Mr. Pereira brings with him a remarkable track record of success and a wealth of experience that will help Pacific Bay achieve this objective," said Reagan Glazier, President & CEO. "Elton's leadership in developing high value assets, such as the Tocantinzinho and the Castelo de Sonhos gold projects, has not only set new standards in the industry, but also significantly contributed to the advancement of mineral exploration in Brazil. I'm excited for the opportunity to include him in our endeavors."

As part of his compensation, the Company will grant 500,000 incentive stock options to Mr. Pereira at an exercise price of $0.05 per share, expiring 3 years after issuing.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Mr. David Bridge, P.Geo., a consultant of the Company, who is a "Qualified Person" as defined in NI 43-101.

For more Information please contact:

Reagan Glazier, CEO, President and DirectorE-mail: reagan@pacificbayminerals.comTelephone:+1 403-815-6663

About Pacific Bay Minerals Ltd.

Pacific Bay currently has a portfolio of properties in British Columbia including the Haskins Reed, 30km East of the Cassiar townsite and the newly added Sphinx Mountain Rare Earth Project.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are based on certain expectations and assumptions, including future plans and objectives of Neotech Metals Corp. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those anticipated in such statements. The Company undertakes no obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220011

Eastern Platinum (TSE:ELR) Second Quarter 2024 ResultsKey Financial Results

  • Revenue: US$18.8m (down 49% from 2Q 2023).

  • Net income: US$3.48m (down 55% from 2Q 2023).

  • Profit margin: 19% (down from 21% in 2Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$0.017 (down from US$0.044 in 2Q 2023).

earnings-and-revenue-history

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

Eastern Platinum shares are down 12% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Eastern Platinum that you should be aware of.

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.

By Fabian Cambero

SANTIAGO (Reuters) – A strike at mining giant BHP's huge Escondida mine in Chile entered its third day on Thursday, bolstering global copper prices as an ongoing standoff between the company and workers starts to spread worries about supply of the red metal.

BHP and the worker union held an initial meeting on Wednesday in a bid to defuse the strike but failed to make a breakthrough that would allow the restart of formal talks, with miners digging in as they seek a larger share of profits.

Benchmark three-month copper on the London Metal Exchange was up over 2.2% to $9,169 per metric ton on Thursday, and various mining shares like Rio Tinto, Southern Copper and Freeport-McMoRan rose as well.

Escondida is the world's largest copper mine, accounting for nearly 5% of global supply in 2023, and the union on strike has in past years forced the firm to halt operations and declare force majeure, meaning it can't fulfill its contracts.

On Wednesday, BHP said operations were continuing under a contingency plan while the union said the strike was keeping the Los Colorados concentration and electrowinning plants offline.

The two sides have both signaled a willingness to returning to formal talks but remain at loggerheads over the conditions. BHP had asked the union to pause its strike to resume negotiations, a demand the union refused.

Hundreds of workers have also set up camp at Puerto Coloso, BHP's exclusive port, which also houses its desalination plants.

(Reporting by Fabian Cambero; writing by Alexander Villegas; editing by Jonathan Oatis)

(Bloomberg) — Copper rose for a second day as traders weighed bearish Chinese economic data against labor disruptions at the world’s biggest mine.

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Prices rose by roughly 2% in London, building on Wednesday’s advance. China’s economic malaise extended into the third quarter, while attempts to resolve a conflict between workers and BHP Group at the world’s biggest copper mine, Escondida in Chile, faltered.

“The risk of unplanned disruptions remains high,” ANZ Group Holdings Ltd. analysts including Daniel Hynes said in a note. “Several mines in Chile, representing approximately 900 kilotons of copper or 4% of global supply, have yet to finalize wage discussions,” he said.

The bank sees the market deficit increase in the coming months, balancing out potentially weaker demand.

China’s industrial output rose 5.1% in July, down from June’s 5.3%. Retail sales climbed 2.7%, government data showed on Thursday, broadly in line with forecasts.

The country’s home-price downturn abated in July with new-home prices falling less, as the government’s most forceful effort to revive the market begins to have an effect. The property crisis has been a major drag on metals demand.

Thursday’s data also showed Chinese aluminum output hit a record high for a third month as smelters ramped up production after more power and new capacity came online.

Copper rose 2% to $9,150.50 a ton on the London Metal Exchange at 3:18 p.m. local time. Prices hit $8,714 a ton on Aug. 5, the lowest since March. All metals gained on the LME, with aluminum up 1% to $2,359 and nickel up 0.8%.

–With assistance from Sana Pashankar.

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©2024 Bloomberg L.P.

Provided further interim drilling results from its 2024 Resource Extension and Exploration drilling program from Valencia (ML 149), at the Company’s Norasa Uranium project. The ~10,000 m drilling program currently underway is designed to expand and upgrade the Valencia resources adjacent to the current main pit. Positive results, such as 210 ppm U3O8 over a 253 m interval, including 16m at 655 ppm U3O8 (VA24-022), indicated there is significant potential to further increase the resources and grades around the Valencia orebody. Forsys Metals Corp. shares T.FSY are trading unchanged at $0.51.

Read:

We recently compiled a list of the 15 Best Data Center Stocks To Buy According to Jefferies, Citi and Wall Street Analysts. In this article, we are going to take a look at where Freeport-McMoRan Inc. (NYSE:FCX) stands against the other data center stocks.

The boom in the interest surrounding artificial intelligence has not only affected semiconductor stocks, even though they're the biggest beneficiaries. While the chips that these companies make are indispensable for running AI workloads, they have to be housed somewhere, and this is where data centers come into play.

In fact, for the data center space, AI has only accelerated the growing demand this industry is seeing. Prior to AI GPUs and accelerators, enterprise computing chips made by the same companies that are now making AI chips were seeing hefty demand. This demand led to gaming GPU companies effectively being transformed into enterprise computing firms, with sectors such as the SaaS and cloud computing industries relying on these products. For some SaaS stocks, you should check out 10 Best SaaS Stocks To Buy Now.

This pre AI demand for data centers is visible in statistics too. Data from Jefferies shows that the demand growth for data centers has jumped by between 10% to 20% for the last 15 years, or before AI GPUs hit the market. As expected, AI has accelerated this demand, with the demand for data center space outpacing 30% in most markets for the past two years. This growth in real estate requirements also means that while the computing industry might be able to scale up by providing products like networking gear and cables, tertiary industries like energy generation will take some time to catch up.

If you're a believer in AI, then the optimistic line of thought would suggest that these tertiary firms will only grow in the future as they scale up their operations to meet the growth in AI data centers. After all, data from Goldman shows that a query made to ChatGPT consumes ten times as much energy as a Google search query – understandable since ChatGPT is parsing through data and drawing insights to generate a response. By 2030, AI is expected to grow data center power demand by as much as 160%, as data centers potentially account for 4% of global energy consumption and Europe in particular needs more than $1 trillion to power its AI grid.

Naturally, since the US is responsible for ushering in AI, AI energy consumption in America is higher than that in other countries. According to the Boston Consulting Group, by 2030, AI power consumption will account for 16% of all of America's energy use. It is expected to grow by 15% to 20% annually and touch as much as 130 GW, or the amount of electricity that's used by 100 million homes. AI chip companies are also aware of these trends, with the latest AI chips promising to improve energy efficiency by 25x. Improving AI performance at the semiconductor level is important especially since some areas where data centers are growing are being forced to turn to coal power to reduce the power gap.

Nowhere is this clearer than in Northern Virginia, where data centers process 70% of the world's internet traffic. With more than 300 data centers that churn out more than $700 million in taxes annually, the region's computing centers are expected to require a whopping 11,000 megawatts of electricity annually by 2035 according to estimates by the local regulator. This demand has also spurred a $5.2 billion effort to lay down new transmission lines and keep coal power plants open for longer than initially planned.

Not only does AI need real estate and power, but it also needs water. Since energy can neither be created nor destroyed, all the megawatts of power that AI chips need have to go somewhere. For the chips, it is dissipated in the form of heat, and cooling this requires copious amounts of water. Estimates show that not only does training GPT-3 evaporate a whopping 700,000 liters of drinkable water, but global AI demand by 2027 could end up using anywhere between 4.2 billion to 6.6 billion cubic meters of water.

Coming back to real estate, it might be the easiest way for the AI savvy investor to cash in on the world's thirst for computing. Citi believes that the "development and construction of hyper-scale data center capacity will grow meaningfully over the next 7 years," as global industrial giants expand into the data center space. Not only are industrial firms actually converting their warehouses into data centers, but Citi adds that the associated power demand for these computing facilities will grow between the mid teens annually until 2030.

So, as these Wall Street firms lay out a maze of industries that will profit from AI, we decided to look at the top data center stocks to buy according to analysts.

Our Methodology

To make our list of the top data center stocks to buy, we ranked the US listed holdings of Global X's data center ETF and the stocks chosen by Jefferies and Citi by the average analyst share price target percentage upside and picked out the stocks with the highest upside.

For these stocks, we also mentioned the number of hedge funds that had bought the shares in Q1 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

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

Freeport-McMoRan Inc. (NYSE:FCX)

Average Analyst Share Price Target Upside: 25%

Average Analyst Share Price Target: $50.62

Number of Hedge Fund Investors  in Q1 2024: 86

Freeport-McMoRan Inc. (NYSE:FCX) is one of the more interesting Jefferies data center stock plays since it's a mining company. It produced a whopping 1.1 billion pounds of copper in 2023, and the metal is why the investment firm believes that Freeport-McMoRan Inc. (NYSE:FCX) is a great data center play. Copper is the dominant metal when it comes to data centers and computers, and the shares have received a Buy rating from Jefferies. Freeport-McMoRan Inc. (NYSE:FCX)  is quoted by several sources to be one of the biggest, if not the biggest copper producers in America. This lends it a significant competitive advantage since expanding production in the mining industry often comes with hefty capital expenditure, making it difficult for rivals to catch up in the short term. However, it also leaves the stock vulnerable to economic downturns, as the demand for the metal drops in a slow economy as evidenced by the sluggish demand in China. Conversely, any pickup in economic activity as indicated by lower interest rates tends to be beneficial for the shares.

Freeport-McMoRan Inc. (NYSE:FCX)'s management commented on its future outlook during the Q2 2024 earnings call where it shared:

"We’ve discussed on prior calls, the impact of macro sentiment and investor positioning that can drive large moves in pricing. Richard referred to the domestic economic challenges in China, the ongoing weakness in the Chinese property market, destocking and working capital management and increase in copper exchange inventories and delays in actions to stimulate economic growth, which have all weighed on the market. In the U.S., we’re seeing — continuing to see strong demand for copper from a broad range of sectors. And globally, we favorable demand drivers for the future associated with copper’s increasingly important role in the global economy. Copper is a foundational essential metal when it comes to electrification, and the world is becoming more and more focused on copper-intensive energy applications.

The facts are its physical characteristics and superior conductivity make it the metal of electrification. New massive investment in the power grid, renewable generation, technology infrastructure and transportation are driving increased demand for copper and forecast call for above-trend growth and demand for the foreseeable future. As we review the fundamentals and match the demand side up with supply, we look at the limitations of existing supply growth, the challenges and extended time frames required to build new supplies and projections for peak mine supply over the next couple of years. These factors, combined with secular demand trends point to tight market conditions as we go forward. With Freeport’s leading position in the industry, large-scale current operations and future growth pipeline, we’re very well positioned to benefit from this fundamental outlook in the future."

Overall FCX ranks 14th on our list of the best data center stocks to buy. While we acknowledge the potential of FCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

 

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

The fact that multiple Freeport-McMoRan Inc. (NYSE:FCX) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Freeport-McMoRan

Freeport-McMoRan Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Chairman, Richard Adkerson, sold US$2.8m worth of shares at a price of US$50.78 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$41.89. So it may not tell us anything about how insiders feel about the current share price.

In the last year Freeport-McMoRan insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Freeport-McMoRan insiders own 0.5% of the company, worth about US$308m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Freeport-McMoRan Insiders?

There haven't been any insider transactions in the last three months — that doesn't mean much. While we feel good about high insider ownership of Freeport-McMoRan, we can't say the same about the selling of shares. Of course, the future is what matters most. So if you are interested in Freeport-McMoRan, you should check out this free report on analyst forecasts for the company.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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.

(Bloomberg) — The latest attempt to resume negotiations between BHP Group and striking Chilean copper miners broke down as the two sides failed to agree on conditions, according to the union.

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With a strike at world No. 1 copper mine Escondida in its second day, union leaders and company representatives sat down for a voluntary mediation session in northern Chile on Wednesday.

One of BHP’s conditions for continuing the talks was a suspension of the strike involving about 2,400 workers. To do so, leaders required approval by members, a process that couldn’t have been completed by BHP’s deadline of 2 p.m. local time, the union said. “We regret the position of the company, which has refused to talk without conditions,” it said.

In response, BHP said union leaders didn’t agree to suspend the strike: “The company maintains its willingness to dialog and complete this process in a manner satisfactory.”

The stoppage has disrupted production at a site that accounts for about 5% of the world’s mined copper at a time of tightness in the supply of concentrate — the raw material used to feed smelters. Copper futures were little changed in London on Wednesday.

While BHP says operations at Escondida continue, the Melbourne-based firm hasn’t quantified the impact on output. The mine has been the scene of lengthy stoppages in the past, including a 44-day strike in 2017. In February of that year, production plunged to less than a quarter of normal levels, government data show.

Wednesday’s impasse is the latest in a dramatic chain of events over the past three days at Escondida.

On Monday, the final day of mandatory mediation, the union accused BHP of bad faith by going public with a new offer before it had been discussed. The company said it did so after union negotiators failed to show up for talks. The ensuing all-night, last ditch effort to reach a deal proved unsuccessful, prompting workers to down tools.

People with knowledge of the matter told Bloomberg that the two sides held discussions on Tuesday, although publicly BHP and the union said late in the day that there were no official negotiations.

In the meantime, BHP said it removed striking employees from the mine site as the company set in place a contingency plan, using workers that are not part of the collective bargaining process as it is entitled to do.

In a statement earlier Wednesday, the union accused BHP of engaging in “serious anti-union practices” by resorting to replacement personnel to help ship out copper and process ore. Members have access to enough funding to sustain the stoppage for “a very long period,” the union said.

–With assistance from Paul-Alain Hunt.

(Adds company comment in fourth paragraph)

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©2024 Bloomberg L.P.

By Fabian Cambero

SANTIAGO/ANTOFAGASTA (Reuters) -A striking union at BHP's huge Escondida copper mine in Chile has rejected a company request to pause its action and come back to the negotiation table, with workers digging in as they seek a larger slice of profits in contract talks.

The union began a strike on Tuesday at Escondida, the world's largest copper mine, after contract negotiations collapsed, a move which could affect production at the mine and global prices if no quick resolution is found.

BHP and the union held a preliminary meeting on Wednesday to try to close the gap between the two sides and get back to formal talks, but the attempt failed, both sides said.

"The company suggested to the union the option to pause its strike until 8pm today, to resume talks," BHP said in a statement, indicating it was open to boosting its offer. "The union did not agree to the temporary suspension of the strike."

The union in its own statement accused the company of "anti-union" practices by replacing workers and said that BHP had imposed too many conditions on restarting talks.

"The demands and conditions of the company made it impossible to open talks," it said, citing a tight deadline from the company which didn't give enough time to consult its members.

The union added that the strike was keeping the Los Colorados concentration and electrowinning plants fully offline. BHP said the mine continued operating under a contingency plan.

"The strike is only effective for workers who are part of the collective bargaining payroll, not workers from other groups, unions, collaborating companies and minimum services approved by the authority," it said.

A few hundred workers began building an encampment at Puerto Coloso in the northern city of Antofagasta on Wednesday, BHP's exclusive port for shipments, which also houses its desalination plants, according to a Reuters witness.

A report by BTG Pactual, a Brazilian investment bank, said that BHP could lose between $25 million and $30 million a day if the strike goes on like the 2017 strike that lasted 44 days. It added that the strike hurt Chile's GDP.

(Reporting by Fabian Cambero in Santiago; Cristian Rudolffi in Antofagasta; Writing by Daina Beth Solomon and Alexander Villegas; Editing by Jonathan Oatis and David Holmes)

Goliath Resources Limited

TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce it has received a $2,000,000 order from a strategic global commodity group based in Singapore. Goliath is increasing its non-brokered private placement from $3,000,000 up to $6,500,000.

Goliath intends to raise up to $6,500,000 through a non-brokered private placement in a combination of: (i) Non-Flow-Through shares (NFT) to be sold at a price of $1.11 each and Flow-Through shares (FT) to be sold at a price of $1.28 that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

The Company intends to use the proceeds for general operating expenses and exploration related programs on its properties located in and around the Golden Triangle of northwestern British Columbia.

The proceeds from the FT offering will be used for Canadian exploration expenses as such term is defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act, flow-through mining expenditures as defined in Subsection 127(9) of the tax act that will qualify as flow-through mining expenditures, and B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2025, and renounced with an effective date no later than Dec. 31, 2024. British Columbia Super Flow – the B.C. mining flow-through share (B.C. MFTS) tax credit allows BC Residents who invest in flow-through shares to claim a provincial non-refundable tax credit of 20% of their B.C. flow-through mining expenditures. B.C. flow-through mining expenditures are specific exploration expenses incurred by a PBC and renounced by a corporation issuing the flow-through shares.

Goliath may pay finders' fees composed of cash and warrants on certain orders in connection with the placement, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, Mr. Rob McEwen and Mr. Eric Sprott.

For more information please contact:

Goliath Resources Limited Mr. Roger Rosmus Founder and CEO Tel: +1.416.488.2887roger@goliathresources.com www.goliathresourcesltd.com

Other

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.Portable XRF (X-Ray Fluorescence) readings are semi-quantitative measurements and calibrations of the equipment in the field not always allow to compare results to certified reference materials but are used as guideline to augment the understanding of the mineralization observed. These measurements are not intended to be representative of the geochemical composition of the material measured. XRF readings are carried out using a handheld device and could be influenced by external factors.

Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area, and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the ALS labs facilities in North Vancouver. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric, and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.

Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: AuEq metal values are calculated using: Au 1924.79 USD/oz, Ag 22.76 USD/oz, Cu 3.75 USD/lbs, Pb 2128.75 USD/ton and Zn 2468.50 USD/ton on December 23, 2023. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.The securities referred to herein have not been and will not be 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 account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Investors in Sociedad Quimica y Minera de Chile S.A. SQM need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $125 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?

Clearly, options traders are pricing in a big move for Sociedad Quimica y Minera shares, but what is the fundamental picture for the company? Currently, Sociedad Quimica y Minerais a Zacks Rank #5 (Strong Sell) in the Fertilizers industry that ranks in the Bottom 35% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased its earnings estimate for the current quarter, while no analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 96 cents per share to $1.01 per share in that period.

Given the way analysts feel about Sociedad Quimica y Mineraright now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report

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