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

• Revenue for Q1 2025 decreased to $14.8 million (Q1 2024 – $15.7 million), representing a $0.9 million or -5.7% decrease.

• Mine operating loss increased by $10.0 million to $4.7 million in Q1 2025 (Q1 2024 – mine operating income of $5.3 million) while gross margin decreased from 33.7% in Q1 2024 to -31.6% in Q1 2025.

• Operating loss was $8.1 million in Q1 2025 compared to $0.03 million in Q1 2024.

• Net loss attributable to equity shareholders was $6.9 million ($0.03 loss per share) in Q1 2025 versus net loss attributable to equity shareholders of $0.9 million ($0.00 loss per share) in Q1 2024. The increase in Q1 2025 net loss was largely attributable due to the restart of underground operations, resulting in increased production costs and site services costs incurred at the Crocodile River Mine ("CRM") in South Africa.

• The Company had a working capital deficit (current assets less current liabilities) of $47.4 million as at March 31, 2025 (December 31, 2024 – working capital deficit of $38.7 million) and short-term cash resources of $4.7 million (consisting of cash and cash equivalents) (December 31, 2024 – $3.1 million)

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

Operations

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

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

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

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

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

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

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

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

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

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

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

• Condensed interim consolidated financial statements for the three months ended March 31, 2025; and

• Management's discussion and analysis for the three months ended March 31, 2025.

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

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

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

About Eastern Platinum Limited

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

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

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

SOURCE Eastern Platinum Ltd.

Cision

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

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

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

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

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

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

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

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

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

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

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

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

About Commerce Resources Corp.

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

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

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

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

On Behalf of the Board of Directors COMMERCE RESOURCES CORP.

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

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

Forward-Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include statements regarding the proposed Transaction and the terms thereof; the intended use of proceeds of the Offering; the conversion of the Notes and the Obligations, as applicable; the continued advancement of the Ashram Project to development; that Ashram's fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide; and that the Company may explore the potential of other high-value commodities on the Ashram Property. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these events, activities or developments from coming to fruition include: the ability to obtain approvals in respect of the Transaction and to consummate the Transaction, ability to consummate any equity financing in connection with the Transaction, actual results of current and future exploration activities; that the Company may not be able to fully finance any additional exploration on the Ashram Project; that even if the Company is able raise capital, costs for exploration activities may increase such that the Company may not have sufficient funds to pay for such exploration or processing activities; the timing and content of the proposed drill program and any future work programs may not be completed as proposed or at all; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for rare earth elements and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable, or other risks detailed herein and from time to time in the filings made by the Company with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. These forward-looking statements are based on our current expectations, estimates, forecasts and projections about our business and the industry in which we operate and management's beliefs and assumptions, including the non-occurrence of the risks and uncertainties that are described above and in the filings made with the applicable Canadian securities regulators or other events occurring outside of our normal course of business, and are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View the original press release on ACCESS Newswire

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

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FMC's Payment Could Potentially Have Solid Earnings Coverage

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

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

NYSE:FMC Historic Dividend May 7th 2025

See our latest analysis for FMC

FMC Has A Solid Track Record

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

Dividend Growth Is Doubtful

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

The Dividend Could Prove To Be Unreliable

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

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

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.

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

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

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

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

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Minnova Corp.

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

For more information please contact:

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

Forward Looking Statements

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

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

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

NOT FOR DISSEMINATION INTO THE UNITED STATES

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

FMC recently reported a challenging first quarter with a sales decline and a net loss, alongside the affirmation of a regular quarterly dividend. The election of Steven Merkt to the Board and the appointment of Sara Velazquez Ponessa were key organizational changes. The regulatory approval for the Keenali herbicide in Peru highlights product innovation efforts. Despite these developments, FMC’s 1.33% price move aligns broadly with market trends, experiencing a similar movement amidst market fluctuations driven by tariff talks and a decline in key indices like the S&P 500 and Dow Jones. These factors collectively present a stable outlook.

FMC has 4 warning signs (and 1 which is potentially serious) we think you should know about.

NYSE:FMC Earnings Per Share Growth as at May 2025

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In light of recent developments at FMC, the organizational changes, including the board election and regulatory approvals, may bolster investor confidence but have yet to significantly impact revenue or earnings forecasts. Despite these strategic shifts, FMC’s total shareholder return over the past year stands at 38.41%, underscoring the volatility faced by the company amidst a complex operating environment.

In contrast to the broader market and the US Chemicals industry, which saw returns of 8.2% and a decline of 8.9% respectively over the same one-year period, FMC’s challenges in managing inventory and currency risks have contributed to this decline. Analysts continue to hold a consensus price target of US$47.56, which is 12.24% above the current share price of US$41.74, suggesting potential upside if the company can align its cost optimization and market expansion efforts with analysts’ expectations.

While the company’s ongoing initiatives aim to capitalize on new market opportunities, any delays in these implementations could affect projected revenue growth of 5% per year. Similarly, profit margins, expected to rise from 9.5% to 11.2% in three years, remain contingent upon effective cost management and competitive positioning. The near-term share price performance, coupled with the discrepancy between current valuation and analyst price targets, accentuates the importance of FMC’s ability to execute its strategy amidst current challenges.

Our valuation report here indicates FMC may be undervalued.

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:FMC.

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

With Canada’s election now behind it, a source of uncertainty has been removed, allowing policymakers to focus on trade and economic issues. As the Canadian market navigates these changes, investors are increasingly looking at diverse opportunities that may benefit from fiscal stimulus and potential interest rate cuts. Penny stocks, though an older term, continue to offer intriguing prospects for growth when backed by strong financials. These smaller or newer companies can provide unique opportunities for investors seeking value and growth outside the mainstream indices.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Westbridge Renewable Energy (TSXV:WEB)	CA$0.74	CA$74.85M	★★★★★★
NTG Clarity Networks (TSXV:NCI)	CA$1.73	CA$73.2M	★★★★★★
Silvercorp Metals (TSX:SVM)	CA$4.83	CA$1.05B	★★★★★☆
Orezone Gold (TSX:ORE)	CA$1.10	CA$576.02M	★★★★★☆
Amerigo Resources (TSX:ARG)	CA$1.71	CA$280.6M	★★★★★☆
PetroTal (TSX:TAL)	CA$0.55	CA$503.51M	★★★★★☆
Pulse Seismic (TSX:PSD)	CA$2.53	CA$128.51M	★★★★★★
McCoy Global (TSX:MCB)	CA$3.15	CA$84.74M	★★★★★★
Findev (TSXV:FDI)	CA$0.49	CA$14.04M	★★★★★★
Enterprise Group (TSX:E)	CA$1.50	CA$116.3M	★★★★★☆

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We’ll examine a selection from our screener results.

Eskay Mining

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

Overview: Eskay Mining Corp. is a natural resource company focused on the acquisition and exploration of mineral properties in British Columbia, Canada, with a market cap of CA$52.39 million.

Operations: Eskay Mining Corp. does not have any reported revenue segments as it is primarily engaged in the acquisition and exploration of mineral properties in British Columbia, Canada.

Market Cap: CA$52.39M

Eskay Mining Corp., with a market cap of CA$52.39 million, remains pre-revenue as it focuses on mineral exploration in British Columbia. The company has no debt and maintains a solid cash runway exceeding three years, despite being unprofitable. Recent developments include promising assay results from the C10-Vermillion-Ted Morris trend, revealing high-grade gold and silver prospects that could lead to significant discoveries. This area is strategically located near Newmont’s Valley of the Kings mine, enhancing its potential appeal. Eskay’s experienced management and board are steering efforts towards further exploration at these promising sites this season.

• Unlock comprehensive insights into our analysis of Eskay Mining stock in this financial health report.

• Review our historical performance report to gain insights into Eskay Mining’s track record.

TSXV:ESK Debt to Equity History and Analysis as at May 2025Mayfair Gold

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

Overview: Mayfair Gold Corp. is an exploration-stage company focused on acquiring, exploring, evaluating, and developing mineral properties with a market cap of CA$196.71 million.

Operations: Mayfair Gold Corp. does not report any revenue segments as it is currently in the exploration stage, focusing on mineral property development.

Market Cap: CA$196.71M

Mayfair Gold Corp., with a market cap of CA$196.71 million, is pre-revenue and focused on advancing its Fenn-Gib gold project in Northern Ontario. The company is progressing towards a Pre-Feasibility Study (PFS) for a 4,800 tpd open pit scenario, aiming to complete it by the end of 2025. Recent efforts include metallurgical testing, environmental data review, and community engagement to support provincial permitting activities. Despite having only four months of cash runway as per last reports, Mayfair has raised additional capital recently. Leadership changes include appointing Drew Anwyll as COO to leverage his extensive mining experience for project advancement.

• Get an in-depth perspective on Mayfair Gold’s performance by reading our balance sheet health report here.

• Evaluate Mayfair Gold’s historical performance by accessing our past performance report.

TSXV:MFG Financial Position Analysis as at May 2025Stillwater Critical Minerals

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

Overview: Stillwater Critical Minerals Corp. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Canada and the United States, with a market cap of CA$46.58 million.

Operations: Stillwater Critical Minerals Corp. does not report any specific revenue segments as it is focused on the exploration and development of mineral properties in Canada and the United States.

Market Cap: CA$46.58M

Stillwater Critical Minerals Corp., with a market cap of CA$46.58 million, is pre-revenue and focused on mineral exploration in North America. Recent geophysical surveys at its Stillwater West project have identified multiple large-scale magmatic sulphide targets, enhancing the 3D geological model from 9.5 to 20 kilometers and providing new drill targets for mid- and high-grade mineralization expansion. Despite a highly volatile share price recently, the company remains debt-free with short-term assets exceeding liabilities. Recent capital raises have extended its cash runway beyond two months, supporting ongoing exploration efforts without significant shareholder dilution over the past year.

• Click to explore a detailed breakdown of our findings in Stillwater Critical Minerals’ financial health report.

• Gain insights into Stillwater Critical Minerals’ past trends and performance with our report on the company’s historical track record.

TSXV:PGE Revenue & Expenses Breakdown as at May 2025Where To Now?

• Click this link to deep-dive into the 928 companies within our TSX Penny Stocks screener.

• Interested In Other Possibilities? Outshine the giants: these 28 early-stage AI stocks could fund your retirement.

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

Companies discussed in this article include TSXV:ESK TSXV:MFG and TSXV:PGE.

This article was originally published by Simply Wall St.

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

FMC (NYSE:FMC) First Quarter 2025 ResultsKey Financial Results

• Revenue: US$791.4m (down 14% from 1Q 2024).

• Net loss: US$8.50m (down by 187% from US$9.80m profit in 1Q 2024).

• US$0.068 loss per share (down from US$0.078 profit in 1Q 2024).

We've discovered 5 warning signs about FMC. View them for free.

NYSE:FMC Earnings and Revenue Growth May 2nd 2025

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

FMC Earnings Insights

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with FMC (including 1 which is a bit unpleasant).

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.

• Revenue: Declined 14% versus the prior year.

• Pricing: Down 9%, with over half of the decline due to adjustments in certain cost-plus contracts.

• FX Headwind: 4% impact on revenue growth, largely driven by the Brazilian real and European currencies.

• Volume: Down 1% versus the prior year, with growth in Latin America offsetting declines elsewhere.

• North America Sales: Declined 28% due to lower volume and cautious ordering by retailers and growers.

• Latin America Sales: Grew 17%, excluding FX headwinds.

• Asia Sales: Declined 21%, excluding currency impacts.

• EMEA Sales: Declined 7%, excluding currency impacts.

• EBITDA: Declined 25% due to lower price, FX headwinds, and reduced volume.

• Interest Expense: $50.1 million, down over $11 million compared to the prior year period.

• Effective Tax Rate: 14% in the first quarter.

• Gross Debt: Approximately $4 billion, up $640 million from the prior quarter.

• Net Debt: Approximately $3.7 billion.

• Free Cash Flow: Negative $596 million, $408 million lower than the prior year period.

• Full-Year Guidance: Sales expected to be flat, adjusted EBITDA to grow 1%, and adjusted earnings per share to be flat at the midpoint.

• Warning! GuruFocus has detected 6 Warning Signs with FMC.

Release Date: May 01, 2025

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

Positive Points

• FMC Corp (NYSE:FMC) has made strong progress in reducing channel inventory levels, particularly in regions outside Asia, positioning the company well for the second half of the year.

• The company has successfully implemented its Rynaxypyr strategy, offering both lower-priced solo formulations and higher-value patented mixtures, which is expected to drive sales growth.

• FMC Corp (NYSE:FMC) has established a new route to market in Brazil, selling directly to large corn and soybean growers, which is anticipated to provide a significant growth opportunity.

• The company’s growth portfolio, including new active ingredients like fluindapyr and Isoflex, is well-positioned to deliver strong results, with recent product registrations supporting future sales.

• FMC Corp (NYSE:FMC) has demonstrated resilience against tariff impacts by leveraging supply chain flexibility and cost-saving measures, minimizing the financial impact on the company.

Negative Points

• FMC Corp (NYSE:FMC) experienced a 14% decline in sales in Q1 compared to the previous year, driven by lower pricing and FX headwinds.

• The company faced a 25% decline in EBITDA in Q1 due to lower prices, FX headwinds, and reduced volume.

• North American sales declined by 28% due to cautious purchasing behavior from retailers and growers, impacting overall performance.

• The company anticipates a $15 million to $20 million cost headwind from tariffs, which could affect profitability if not managed effectively.

• FMC Corp (NYSE:FMC) continues to face challenges in Asia and EMEA, with sales declines due to prudent selling strategies and loss of product registrations.

Q & A Highlights

Q: Can you describe the price trends in the crop production market outside of diamide? Has the pricing bottomed? What would you expect from price going forward this year? A: Pierre Brondeau, Chairman and CEO, explained that FMC’s pricing in Q1 was in the high single digits, influenced by lower pricing to diamide partners and a competitive market in Brazil. He expects pricing comparisons to ease in the second half of the year due to more stable conditions and easier year-on-year comparisons.

Q: Can you give guidance on why you expect strong growth in the second half of the year? A: Pierre Brondeau expressed high confidence in H2 growth, driven by strong demand for new products like fluindapyr and Isoflex, a new route to market in Brazil, and a healthier channel inventory situation. He also mentioned a $50 million automatic growth at the EBITDA level due to the absence of negative impacts from 2024.

Q: How are you offsetting the $15 million to $20 million tariff headwind? A: Pierre Brondeau stated that the cost savings actions were not specifically due to tariffs but were part of their ongoing plans. The company is focusing on creating demand from growers to pull products from retailers, which helps manage channel inventory and supports growth.

Q: Does reducing channel inventories involve giving significant rebates or discounts to customers? A: Pierre Brondeau clarified that FMC shifted its focus to promoting products directly to growers, creating demand without needing to offer rebates or discounts. This strategy helps manage inventory levels without financial incentives.

Q: Can you talk about the diamide strategy and your confidence in growth post-patent? A: Pierre Brondeau explained that FMC is lowering manufacturing costs to compete with generics and is introducing new products to maintain and grow market share. The strategy aims to protect current earnings from Rynaxypyr while introducing new formulations to address resistance and expand market reach.

Q: What are the alternatives for sourcing raw materials impacted by tariffs? A: Andrew Sandifer, CFO, highlighted FMC’s flexible supply chain with multiple sources for critical raw materials. The company is prepared to adjust sourcing and pricing strategies as tariffs evolve, aiming to minimize impacts through exemptions, duty drawbacks, and potential price adjustments.

Q: Can you share more about customer order patterns, especially in North America? A: Pierre Brondeau noted that customers were buying closer to planting time, leading to slower order patterns in Q1. However, demand is picking up in Q2, with a faster speed of purchase observed in Europe, indicating a positive trend.

Q: How does selling directly to farmers compare to selling through the channel? A: Pierre Brondeau and Ronaldo Pereira explained that the net contribution is similar whether selling directly or through the channel. Direct sales require dedicated personnel but offer similar terms and profitability, with no significant difference in cash conversion.

Q: Can you explain the second half EBITDA bridge and the impact of price and FX? A: Andrew Sandifer stated that the price and FX headwinds are interconnected, especially in European markets. The second half is expected to have a lower price headwind than the first half, with FX impacts dropping through more heavily than historical averages.

Q: How will the new route to market in Brazil impact results? A: Pierre Brondeau and Ronaldo Pereira expressed confidence in the new route to market in Brazil, which is expected to become positive in Q3. The organization is in place, and new technologies are driving demand, positioning FMC for growth in the second half of 2025.

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

This article first appeared on GuruFocus.

VANCOUVER, BC, May 2, 2025 /CNW/ – Eastern Platinum Limited (TSX: ELR)(JSE: EPS)("Eastplats" or the "Company") is pleased to announce that Eason Cong Chen has joined the board of directors of Eastplats effective May 1, 2025.

Mr. Chen is a Canadian Chartered Professional Accountant ("CPA") with over 20 years of experience in accounting, finance, operations, mergers and acquisitions, and management reporting, with a strong focus on the mining industry. He served on the board and audit committee of a Canadian copper producer for over 10 years, including more than one year as Chief Financial Officer. Mr. Chen is currently a partner at a U.S. CPA firm that specializes in the audit of publicly listed companies in both Canada and the United States. His areas of expertise include IFRS and U.S. GAAP financial reporting, internal controls over financial reporting, and corporate governance. Mr. Chen brings a strong combination of technical knowledge and executive leadership to the board, with a proven track record of driving financial performance and strategic execution in the resource sector.

Wanjin Yang, CEO and President of Eastplats commented, "The Company is pleased to welcome Eason to our board and I look forward to working with him as he joins our team."

About Eastern Platinum Limited

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

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

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

 

SOURCE Eastern Platinum Ltd.

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We recently compiled a list of the 12 Most Promising EV Battery Stocks According to Wall Street Analysts. In this article, we are going to take a look at where Sociedad Química y Minera de Chile S.A. (NYSE:SQM) stands against the other EV Battery stocks.

The term “EV battery stocks” describes businesses producing and developing electric vehicle batteries. This includes firms that provide energy storage solutions, supply battery components, and produce EV batteries.

There is a market for reasonably priced electric cars. Investors can look into the companies making EV batteries, the most crucial and expensive components for EVs, to stay ahead of that demand. The need for EV batteries will rise sharply if the manufacturing of electric vehicles rises dramatically during the next ten years.

To satisfy the need for batteries with greater capacity and cheaper costs, major manufacturers are making significant investments. New energy storage solutions being developed by battery technology start-ups, some of which are coming public through mergers with special purpose acquisition companies, have the potential to completely transform the market. EV battery stocks are a great investment option right now.

The EV battery market is booming. As per a research report, the market for electric vehicle batteries was estimated to be worth $59.06 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2032, from $67.78 billion to $111.20 billion. Asia Pacific held the largest regional share of the global EV battery market in 2023, with a valuation of $28.44 billion, and is anticipated to continue to do so for the duration of the forecast period. One of the main factors propelling the region’s market expansion is China’s soaring EV sales. As per the International Energy Agency, China accounted for the largest global sales of electric vehicles in 2023, with 8.4 million units sold.

While the EV battery market is growing, the cost of EV batteries has dropped significantly in recent years, as per S&P Global, mostly due to declining prices for essential components like nickel, cobalt, and lithium. However, over the coming years, prices are anticipated to stabilize. For instance, the price of lithium carbonate dropped from around $70,000 per metric ton to less than $15,000 in 2024, while the price of cobalt dipped from $70,000 per metric ton in 2022 to about $30,000. While the global average price is predicted to increase somewhat in the second part of the decade, S&P Global Mobility forecasts that nickel cobalt manganese (NCM811) cell prices in Europe will decline by more than 7% between 2024 and 2030. This is caused by a strained raw material supply chain and unsustainable low profit margins for certain suppliers. NCM811 cells are currently cheaper in Greater China due to increased local production, while they are more expensive in Europe.

In contrast, the average cost of lithium iron phosphate (LFP) cells in 2024 will be about $60/kWh, which is 20% less than that of NCM cells. Although LFP production is currently dominated by Greater China, Europe is growing its capacity. However, higher production costs in non-Chinese countries will probably result in a medium-term increase in LFP pricing. While NCM811 packs continue to average $103/kWh in the region, LFP packs in Greater China have achieved the goal of cost parity with internal combustion engine vehicles at $100/kWh. The cost of battery metal may increase, but economies of scale and efficiency improvements should keep costs largely constant.

Analysts anticipate lithium prices to stabilize in 2025 as mine closures and robust EV sales in China lessen the global lithium supply glut. China’s state-owned commodity data source Antaike estimates the glut will decrease by half to 80,000 tons of lithium carbonate, while Cameron Hughes of CRU Group stated that 2024 curtailments and possible additional reductions will substantially relieve the surplus. Over 5 million cars have already benefited from China’s improved EV subsidies, which have driven up demand and helped fuel a late-2024 lithium rally. A buyer of cathode materials attested that the price rise was caused by subsidies, and analysts predict that policy assistance will keep prices rising in 2025, strengthening a bullish outlook.

David Merriman, research director at metals research company Project Blue, stated:

“Any improvement in prices is likely to be felt towards the end of 2025 as inventories are used up and buyers return to the spot market.”

12 Most Promising EV Battery Stocks According to Wall Street Analysts

A laboratory technician pouring a specialty blend of industrial chemicals into a beaker.

Our Methodology

For this list, we compiled an initial list of 20 EV Battery stocks. Then we selected the 12 stocks that had the highest upside potential as of April 29, 2025. We have only included stocks in our list with an upside potential of 20% or higher. The stocks are ranked in ascending order of the upside potential.

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).

Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Analysts’ Upside Potential as of April 22: 30.84%

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a Chilean commodity producer with major activities in lithium (mainly used in batteries for electric vehicles and energy storage systems). The company uses its caliche ore and premium salt brine reserves to extract these products. It is growing its lithium refining assets in China and working on a hard rock lithium project in Australia. It is among the Most Promising Stocks as its analysts’ upside potential as of April 22 is 30.84%.

Despite declining lithium prices during 2024, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) recorded full-year revenues of about $4.5 billion with a gross profit of almost $1.3 billion. However, its net income was impacted by a one-time $1.1 billion charge related to a tax dispute over its mining operations.

The firm is a major, reasonably priced producer of lithium, iodine, and nitrates used in specialty fertilizers because of its access to excellent mineral reserves. The geologically advantageous lithium and caliche ore resources of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) are its crown jewels. Its low-cost lithium deposit in the Salar de Atacama has the world’s most significant concentration of lithium and benefits from high evaporation rates in the Chilean desert. Morningstar analysts anticipate double-digit yearly growth in global lithium demand, one of the greatest growth profiles among commodities, as the use of electric vehicles rises.

Overall, SQM ranks 11th on our list of the 12 Most Promising EV Battery Stocks According to Wall Street Analysts. While we acknowledge the potential of EV Battery companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SQM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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

FMC Corporation FMC reported a loss of 12 cents per share for first-quarter 2025. This compares unfavorably to loss of 2 cents incurred in the year-ago quarter.Barring one-time items, adjusted earnings per share were 18 cents, beating the Zacks Consensus Estimate of 8 cents.Revenues were $791.4 million in the quarter, down around 13.8% from the year-ago quarter’s levels. The top line beat the Zacks Consensus Estimate of $779 million.The top line fell due to a price decline of 9%, more than half of which was related to price adjustments in certain contracts with specific diamide partners.(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

FMC Corporation Price, Consensus and EPS Surprise

FMC Corporation price-consensus-eps-surprise-chart | FMC Corporation Quote

FMC’s Regional Sales Performance

In North America, sales tumbled 28% year over year to $186 million in the quarter on reduced volumes. The figure missed the consensus estimate of $224.2 million. The decline was primarily due to lower volumes as customers in the United States delayed purchases as anticipated, which was exacerbated by international trade dynamics.Latin American sales saw a 10% year-over-year rise to $207 million in the reported quarter. It beat the consensus estimate of $137.9 million. Volume grew due to increasing direct sales to cotton growers in Brazil, as well as product-on-the-ground sales surpassing FMC sales into the channel. In Asia, revenues declined 24% from the prior-year quarter to $125 million. It lagged the consensus estimate of $144.8 million. Prudent selling to allow channel destocking led to lower volumes.EMEA sales fell 11% year over year to $273 million in the reported quarter. It missed the consensus estimate of $278.5 million. EMEA sales are being adversely impacted by lower volumes, including the expected loss of registration for triflusulfuron.

FMC’s Financials

The company had cash and cash equivalents of $315.3 million at the end of the quarter, down roughly 11.8% sequentially. Long-term debt was $3,027.7 million, flat sequentially.

FMC’s Guidance

The company has maintained its revenue outlook for the year at $4.15 billion to $4.35 billion, which is essentially flat compared to the prior year at the midpoint. The adjusted EBITDA forecast also remains unchanged at $870 million to $950 million, implying a 1% increase at the midpoint from the prior year, or a 4% increase when excluding the GSS divestiture impact. This guidance includes estimated incremental tariff costs of $15 million to $20 million, based on the latest government guidelines. The company has also reiterated its adjusted earnings per diluted share outlook of $3.26 to $3.70, which is flat at the midpoint compared to the previous year. Additionally, the free cash flow forecast remains at $200 million to $400 million.

FMC’s Price Performance

FMC’s shares have lost 30.8% in the past year compared with a 9.6% decline of the industry.

Zacks Investment Research

Image Source: Zacks Investment Research

FMC’s Zacks Rank & Key Picks

FMC currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth a look in the basic materials space include Hawkins, Inc. HWKN, SSR Mining Inc. SSRM and Intrepid Potash, Inc. IPI. While HWKN carries a Zacks Rank #1 (Strong Buy), SSRM and IPI carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Hawkins is expected to report fiscal fourth-quarter results on May 21. The consensus estimate for Hawkins’ earnings is pegged at 74 cents. HWKN beat the consensus estimate in one of the last four quarters while missing thrice, with the average earnings surprise being 6.1%. SSRM is scheduled to release first-quarter results on May 6. The Zacks Consensus Estimate for SSRM’s first-quarter earnings is pegged at 8 cents. SSRM has a trailing four-quarter earnings surprise of 155.7%, on average.  Intrepid Potash is slated to release first-quarter results on May 5. The consensus estimate for IPI’s first-quarter loss is 12 cents, stable over the past 60 days.

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

FMC Corporation (FMC) : Free Stock Analysis Report

Intrepid Potash, Inc (IPI) : Free Stock Analysis Report

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

Hawkins, Inc. (HWKN) : Free Stock Analysis Report

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

Zacks Investment Research

PHILADELPHIA, April 30, 2025 /PRNewswire/ —

FMC Corporation (NYSE: FMC) announced today that its board of directors declared a regular quarterly dividend of 58 cents per share, payable on July 17, 2025, to shareholders of record as of the close of business on June 30, 2025.

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 and crop advisers to address their toughest challenges economically while protecting the environment. 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®.

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, 2024 (the "2024 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2024 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.

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SOURCE FMC Corporation

PHILADELPHIA (AP) — PHILADELPHIA (AP) — FMC Corp. (FMC) on Wednesday reported a loss of $15.5 million in its first quarter.

On a per-share basis, the Philadelphia-based company said it had a loss of 12 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The chemical producer posted revenue of $791.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $779 million.

For the current quarter ending in June, FMC expects its per-share earnings to range from 52 cents to 68 cents.

The company said it expects revenue in the range of $940 million to $1.1 billion for the fiscal second quarter.

FMC expects full-year earnings in the range of $3.26 to $3.70 per share, with revenue ranging from $4.15 billion to $4.35 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMC at https://www.zacks.com/ap/FMC

 

Order patterns in Q1 largely in line with Company expectations as customer inventory of FMC products reaches targeted levels in most countries

First Quarter 2025 Highlights

• Revenue of $791 million, down 14 percent versus Q1 2024, down 10 percent organically1

• Consolidated GAAP net loss of $16 million, a decline of $13 million versus Q1 2024

• Adjusted EBITDA of $120 million, down 25 percent versus Q1 2024

• Consolidated GAAP loss of $0.12 per diluted share, down 10 cents versus Q1 2024

• Adjusted earnings per diluted share of $0.18, down 50 percent versus Q1 2024

Full-Year Outlook2

• Maintains revenue outlook of $4.15 billion to $4.35 billion, essentially flat to prior year at the midpoint; growth of 3 percent, excluding the impact of the Global Specialty Solutions (GSS) business divestiture

• Maintains adjusted EBITDA outlook of $870 million to $950 million, an increase of 1 percent versus prior year at the midpoint and an increase of 4 percent excluding the impact from the GSS divestiture

• Embedded in adjusted EBITDA guidance are estimated incremental tariff costs of $15 million to $20 million based on most recent government guidelines

• Adjusted earnings per diluted share outlook unchanged at $3.26 to $3.70, flat at the midpoint to prior year

• Free cash flow forecast remains $200 million to $400 million, reflecting a decline of 51 percent at the midpoint from prior year

PHILADELPHIA, April 30, 2025 /PRNewswire/ — FMC Corporation (NYSE:FMC) today reported first quarter 2025 revenue of $791 million, down 14 percent versus first quarter 2024, and down 10 percent organically.  On a GAAP basis, the company reported a loss of $0.12 per diluted share in the first quarter, a decrease of 10 cents versus first quarter 2024.  First quarter adjusted earnings were $0.18 per diluted share, down 50 percent versus first quarter 2024.

"First quarter sales were largely in line with our expectations," said Pierre Brondeau, FMC chairman and chief executive officer.  "Our strong focus on increasing product-on-the-ground3 while controlling sales into the channel allowed us to decrease the level of FMC inventory at our distribution partners and more closely align with customer targets in most countries.  A continued prudent approach through Q2 will position us to deliver substantial growth in the second half."

Lower first quarter revenue was driven by a price decline of 9 percent, over half of which was attributed to price adjustments in certain "cost-plus" contracts with specific diamide partners as a result of lower manufacturing costs.  Foreign currency was a headwind of 4 percent.  Volume declined 1 percent versus a weak prior year.

Sales in North America declined 28 percent, attributed mainly to lower volumes as customers in the U.S. delayed purchases as expected and was compounded by international trade dynamics.  Latin America sales grew 10 percent, 17 percent excluding currency impacts.  Volume improved due to increased direct sales to cotton growers in Brazil, in addition to product-on-the-ground3 significantly outpacing FMC sales into the channel.  In Asia, first quarter revenue was lower by 24 percent, down 21 percent excluding FX.  Lower volumes were driven by prudent selling to enable channel destocking.  EMEA sales declined 11 percent, 7 percent excluding currency impacts, due to lower volumes, including the expected loss of registration for triflusulfuron.  The Plant Health business outperformed the overall portfolio with sales growth of 1 percent, driven by growth in biologicals.

FMC Revenue	Q1 2025
Total Revenue Change (GAAP)	(14) %
Less FX Impact	(4) %
Organic1 Revenue Change (Non-GAAP)	(10) %

GAAP net income in the first quarter declined $13 million as lower sales and a higher GAAP effective tax rate were partially offset by net cost favorability as well as lower interest and restructuring charges.  FMC first quarter adjusted EBITDA was $120 million, a decrease of 25 percent from the prior-year period, driven by lower pricing, reduced volume and an FX headwind.  Costs were a tailwind as favorability in COGS more than offset increased investment in selling and R&D.

On a GAAP basis, cash from operations was negative $545 million, a decline of $402 million versus 2024 due primarily to a smaller reduction in inventory levels as compared to the prior year period.  Free cash flow was negative $596 million, a decline of $408 million versus Q1 2024 primarily due to lower cash from operations.

Outlook2

The company reaffirms its full-year 2025 revenue, adjusted EBITDA, adjusted EPS and free cash flow guidance ranges. Embedded in the adjusted EBITDA guidance range is a cost headwind of $15 million to $20 million for expected incremental tariff charges that are planned to be offset by additional cost savings and volume.

Second quarter revenue is expected to be in the range of $940 million to $1.10 billion, a decline of 2 percent at the midpoint compared to second quarter 2024. The Company will continue to prudently sell into the channel while maintaining focus on driving product-on-the-ground3. Modest volume growth is expected to be more than offset by a low-to-mid single digit price decline as well as a low single digit FX headwind. Adjusted EBITDA is forecasted to be in the range of $175 million to $205 million, a decline of 6 percent versus the prior year as lower pricing and FX headwinds are partially offset by favorable costs and a modest volume increase.  FMC expects adjusted earnings per diluted share to be in the range of $0.52 to $0.68 in the second quarter, which represents a 5 percent decrease at the midpoint versus second quarter 2024.

The midpoint of first-half guidance implies a 7 percent increase in second-half sales, an 11 percent increase in second-half adjusted EBITDA and a 9 percent increase in adjusted second-half EPS compared to the same period last year.  Sales growth in the second half is expected to come mainly from the company's growth portfolio as well as from an additional route to market in Brazil put in place during the first half.  Lower costs and increased sales volumes are expected to drive the increase in adjusted EBITDA, partially offset by price and FX headwinds.

	Full-Year 2025Outlook2	Q2 2025Outlook2	First-HalfOutlook2	Second-HalfOutlook2
Revenue	$4.15 billion to $4.35 billion	$940 million to $1.10 billion	$1.73 billion to $1.89 billion	$2.42 billion to $2.46 billion
Growth at midpoint vs. 2024	0 %	(2) %	(7) %	7 %
Adjusted EBITDA	$870 million to $950 million	$175 million to $205 million	$295 million to $325 million	$575 million to $625 million
Growth at midpoint vs. 2024	1 %	(6) %	(15) %	11 %
Adjusted EPS^	$3.26 to $3.70	$0.52 to $0.68	$0.70 to $0.86	$2.56 to $2.84
Growth at midpoint vs. 2024	0 %	(5) %	(21) %	9 %

^ EPS estimates assume 125.6 million diluted shares for full year and 125.6 million diluted shares for Q2.

Supplemental Information

The company will post supplemental information on the web at https://investors.fmc.com, including its webcast slides for tomorrow's earnings call, definitions of non-GAAP terms and reconciliations of non-GAAP figures to the nearest available GAAP term.

Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions. FMC and the FMC logo are trademarks of FMC Corporation or an affiliate.

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 and crop advisers to address their toughest challenges economically while protecting the environment. 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®.

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, 2024 (the "2024 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2024 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 disclaim 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.

This press release contains certain "non-GAAP financial terms" which are defined on our website www.fmc.com/investors. Such terms include adjusted EBITDA, adjusted earnings, free cash flow and organic revenue growth. In addition, we have also provided on our website reconciliations of non-GAAP terms to the most directly comparable GAAP terms.

Organic revenue growth (non-GAAP) excludes the impact of foreign currency changes.

Although we provide forecasts for adjusted earnings per share, adjusted EBITDA, and free cash flow (non-GAAP financial measures), we are not able to forecast the most directly comparable measures calculated and presented in accordance with GAAP. Certain elements of the composition of the GAAP amounts are not predictable, making it impractical for us to forecast. Such elements include, but are not limited to, restructuring, acquisition charges, and discontinued operations. As a result, no GAAP outlook is provided.

Product-on-the-ground refers to crop protection product currently at farm level expected to be applied.

 

FMC CORPORATION CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited and in millions, except per share amounts)
	Three Months Ended March 31,
	2025		2024
Revenue	$            791.4		$            918.0
Costs of sales and services	474.7		578.3
Gross margin	$            316.7		$            339.7
Selling, general and administrative expenses	172.0		163.9
Research and development expenses	68.7		60.9
Restructuring and other charges (income)	17.8		40.9
Total costs and expenses	$            733.2		$            844.0
Income from continuing operations before non-operating pension and postretirement charges (income), interest expense, net and income taxes	$              58.2		$              74.0
Non-operating pension and postretirement charges (income)	3.2		4.3
Interest expense, net	50.1		61.7
Income (loss) from continuing operations before income taxes	$                4.9		$                8.0
Provision (benefit) for income taxes	13.5		(1.4)
Income (loss) from continuing operations	$               (8.6)		$                9.4
Discontinued operations, net of income taxes	(7.0)		(12.5)
Net income (loss)	$             (15.6)		$               (3.1)
Less: Net income (loss) attributable to noncontrolling interests	(0.1)		(0.4)
Net income (loss) attributable to FMC stockholders	$             (15.5)		$               (2.7)
Amounts attributable to FMC stockholders:
Income (loss) from continuing operations	$               (8.5)		$                9.8
Discontinued operations, net of tax	(7.0)		(12.5)
Net income (loss)	$             (15.5)		$               (2.7)
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$             (0.06)		$              0.08
Discontinued operations	(0.06)		(0.10)
Basic earnings per common share	$             (0.12)		$             (0.02)
Average number of shares outstanding used in basic earnings per share computations	125.1		124.9
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$             (0.06)		$              0.08
Discontinued operations	(0.06)		(0.10)
Diluted earnings per common share	$             (0.12)		$             (0.02)
Average number of shares outstanding used in diluted earnings per share computations	125.1		125.2
Other Data:
Capital additions and other investing activities	$              37.4		$              23.4
Depreciation and amortization expense	43.7		45.7

 

FMC CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES   RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP) TOADJUSTED AFTER-TAX EARNINGS FROM CONTINUING OPERATIONS, ATTRIBUTABLE TO FMCSTOCKHOLDERS (NON-GAAP) (Unaudited and in millions, except per share amounts)
	Three Months Ended March 31,
	2025		2024
Net income (loss) attributable to FMC stockholders (GAAP)	$          (15.5)		$            (2.7)
Corporate special charges (income):
Restructuring and other charges (income) (a)	17.8		40.9
Non-operating pension and postretirement charges (income) (b)	3.2		4.3
Income tax expense (benefit) on Corporate special charges (income) (c)	(4.4)		(9.6)
Discontinued operations attributable to FMC stockholders, net of income taxes (d)	7.0		12.5
Tax adjustment (e)	14.3		—
Adjusted after-tax earnings from continuing operations attributable to FMC stockholders (Non-GAAP) (1)	$            22.4		$            45.4
Diluted earnings per common share (GAAP)	$          (0.12)		$          (0.02)
Corporate special charges (income) per diluted share, before tax:
Restructuring and other charges (income)	0.14		0.33
Non-operating pension and postretirement charges (income)	0.03		0.03
Income tax expense (benefit) on Corporate special charges (income), per diluted share	(0.04)		(0.08)
Discontinued operations attributable to FMC stockholders, net of income taxes per diluted share	0.06		0.10
Tax adjustments per diluted share	0.11		—
Diluted adjusted after-tax earnings from continuing operations per share, attributable to FMC stockholders (Non-GAAP)	$            0.18		$            0.36
Average number of shares outstanding used in diluted adjusted after-tax earnings from continuing operations per share computations (2)	125.5		125.2

____________________
(1)	Referred to as Adjusted earnings. The Company believes that Adjusted earnings, a Non-GAAP financial measure, and its presentation on a per share basis provides useful information about the Company's operating results to management, investors, and securities analysts. Adjusted earnings excludes the effects of corporate special charges, tax-related adjustments and the results of our discontinued operations. The Company also believes that excluding the effects of these items from operating results allows management and investors to compare more easily the financial performance of its underlying business from period to period.
(2)	The average number of shares outstanding used in the three months ended March 31, 2025 diluted adjusted after-tax earnings from continuing operations per share computation (Non-GAAP) includes 0.4 million diluted shares. This number of shares differs from the average number of shares outstanding used in diluted earnings per share computations (GAAP) as we had a net loss from continuing operations attributable to FMC stockholders.
(a)	Three Months Ended March 31, 2025:
	Restructuring and other charges (income) includes restructuring charges of $13.6 million primarily related to the previously announced global restructuring plan, referred to as "Project Focus." Charges incurred related to Project Focus consist of $6.6 million of professional service provider costs and other miscellaneous charges, $4.2 million of severance and employee separation costs, and accelerated depreciation of $3.1 million on assets identified for disposal in connection with the restructuring initiative. Other charges (income) of $4.2 million is comprised of $3.5 million of charges associated with our environmental sites and $0.7 million of other miscellaneous charges.
	Three Months Ended March 31, 2024:
	Restructuring and other charges (income) includes restructuring charges of $33.7 million. Charges incurred are primarily related to Project Focus and include $18.9 million of severance and employee separation costs in connection with various global workforce reduction actions, $11.7 million of professional service provider costs associated with the project, accelerated depreciation of $2.3 million on assets identified for disposal in connection with the restructuring initiative, and $0.5 million of other miscellaneous charges. Other charges (income) of $7.2 million is comprised of $3.3 million of charges associated with our environmental sites and $3.9 million of other miscellaneous charges.
(b)	Our non-operating pension and postretirement charges (income) are defined as those costs (benefits) related to interest, expected return on plan assets, amortized actuarial gains and losses and the impacts of any plan curtailments or settlements. These are excluded from our Adjusted Earnings and are primarily related to changes in pension plan assets and liabilities which are tied to financial market performance and we consider these costs to be outside our operational performance. We continue to include the service cost and amortization of prior service cost in our Adjusted Earnings results noted above. These elements reflect the current year operating costs to our businesses for the employment benefits provided to active employees.
(c)	The income tax expense (benefit) on Corporate special charges (income) is determined using the applicable rates in the taxing jurisdictions in which the corporate special charge or income occurred and includes both current and deferred income tax expense (benefit) based on the nature of the non-GAAP performance measure.
(d)	Discontinued operations includes provisions, net of recoveries, for environmental liabilities and legal reserves and expenses related to previously discontinued operations and retained liabilities.
(e)	We exclude the GAAP tax provision, including discrete items, from the Non-GAAP measure of income, and include a Non-GAAP tax provision based upon the projected annual Non-GAAP effective tax rate. The GAAP tax provision includes certain discrete tax items including, but are not limited to: income tax expenses or benefits that are not related to continuing operating results in the current year; tax adjustments associated with fluctuations in foreign currency remeasurement of certain foreign operations; certain changes in estimates of tax matters related to prior fiscal years; certain changes in the realizability of deferred tax assets and related interim accounting impacts; and changes in tax law. In 2024 and 2023, we recorded significant deferred tax assets due to various tax incentives granted to the Company's Swiss subsidiaries (the "Swiss Tax Incentives"). The initial recognition of these Swiss Tax Incentives did not impact our adjusted non-GAAP effective tax rate but will be considered annually as we realize the benefits. Management believes excluding these discrete tax items, as well as the impacts of the Swiss Tax Incentives annually as the related benefits are realized, assists investors and securities analysts in understanding the tax provision and the effective tax rate related to continuing operating results thereby providing investors with useful supplemental information about FMC's operational performance.

 

	Three Months Ended March 31,
(in Millions)	2025		2024
Tax adjustments:
Revisions to valuation allowances of historical deferred tax assets	$              (1.2)		$               (1.6)
Net impact of Switzerland tax incentives	2.8		—
Foreign currency remeasurement and other discrete items	12.7		1.6
Total Non-GAAP tax adjustments	$              14.3		$                  —

 

RECONCILIATION OF NET INCOME (LOSS) (GAAP) TO ADJUSTED EARNINGS FROM CONTINUINGOPERATIONS, BEFORE INTEREST, INCOME TAXES, DEPRECIATION AND AMORTIZATION,AND NONCONTROLLING INTERESTS (NON-GAAP) (Unaudited, in millions)
	Three Months Ended March 31,
	2025		2024
Net income (loss) (GAAP)	$           (15.6)		$             (3.1)
Restructuring and other charges (income)	17.8		40.9
Non-operating pension and postretirement charges (income)	3.2		4.3
Discontinued operations, net of income taxes	7.0		12.5
Interest expense, net	50.1		61.7
Depreciation and amortization	43.7		45.7
Provision (benefit) for income taxes	13.5		(1.4)
Adjusted earnings from continuing operations, before interest, income taxes, depreciation and amortization, and noncontrolling interests (Non-GAAP) (1)	$          119.7		$          160.6

___________________
(1)	Referred to as Adjusted EBITDA. Defined as operating profit excluding restructuring and other charges (income) and depreciation and amortization expense.

 

RECONCILIATION OF CASH PROVIDED (REQUIRED) BY OPERATING ACTIVITIES OFCONTINUING OPERATIONS (GAAP) TO FREE CASH FLOW (NON-GAAP) (Unaudited, in millions)
	Three Months Ended March 31,
	2025		2024
Cash provided (required) by operating activities of continuing operations (GAAP) (1)	$        (545.0)		$        (142.9)
Capital expenditures	(31.6)		(20.7)
Other investing activities	(5.8)		(2.7)
Capital additions and other investing activities	$          (37.4)		$          (23.4)
Cash provided (required) by operating activities of discontinued operations	(13.3)		(21.5)
Free cash flow (Non-GAAP) (2)	$        (595.7)		$        (187.8)

__________________
(1)	Includes cash payments made in connection with our Project Focus transformation program of $55.7 million and $39.9 million for the three months ended March 31, 2025 and 2024, respectively.
(2)	Free cash flow is defined as cash provided (required) by operating activities of continuing operations (GAAP) adjusted for spending for capital additions and other investing activities as well as cash provided (required) by discontinued operations and divestiture transaction costs associated with the sale of our GSS business. We believe that this Non-GAAP financial measure provides a useful basis for investors and securities analysts to evaluate the cash generated by routine business operations, including to assess our our ability to repay debt, fund acquisitions and return capital to shareholders through share repurchases and dividends. Our use of free cash flow has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of our results under U.S. GAAP.

 

RECONCILIATION OF REVENUE CHANGE (GAAP) TO ORGANIC REVENUE CHANGE (NON-GAAP) (1) (Unaudited)
	Three Months EndedMarch 31, 2025 vs. 2024
Total Revenue Change (GAAP)	(14) %
Less: Foreign Currency Impact	(4) %
Organic Revenue Change (Non-GAAP)	(10) %

___________________
(1)	We believe organic revenue growth (non-GAAP) provides management and investors with useful supplemental information regarding our ongoing revenue performance and trends by presenting revenue growth excluding the impact of fluctuations in foreign exchange rates.

 

RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP) TO RETURN ON INVESTED CAPITAL ("ROIC") NUMERATOR (NON-GAAP) AND ADJUSTED ROIC (USING NON-GAAP NUMERATOR)(1) (Unaudited)
	Twelve Months Ended
	March 31, 2025
Net income (loss) attributable to FMC stockholders (GAAP)	$                   328.3
Interest expense, net, net of income taxes	196.4
Corporate special charges (income)	213.8
Income tax expense (benefit) on Corporate special charges (income)	(31.9)
Discontinued operations attributable to FMC stockholders, net of income taxes	56.3
Tax adjustments	(153.2)
ROIC numerator (Non-GAAP)	$                   609.7
	March 31, 2025		March 31, 2024
Total debt	$                4,003.5		$                   4,335.7
Total FMC stockholders' equity	4,382.0		4,311.5
Total debt and FMC stockholders' equity (GAAP)	$                8,385.5		$                   8,647.2
ROIC denominator (2 yr average total debt and FMC stockholders' equity)	$                8,516.4
ROIC (using Net income (loss) attributable to FMC stockholders (GAAP) as numerator)	3.85 %
Adjusted ROIC (using Non-GAAP numerator)	7.16 %

___________________
(1)	We believe Adjusted ROIC (non-GAAP) provides management and investors with useful supplemental information regarding our utilization of capital provided by both equity and debt as well as our working capital and free cash flow management. Additionally, vesting of certain restricted stock awards granted to officers is connected to Adjusted ROIC as a performance metric.

 

FMC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in millions)
	March 31, 2025		December 31, 2024
Cash and cash equivalents	$                315.3		$                357.3
Trade receivables, net of allowance of $40.4 in 2025 and $39.4 in 2024	2,900.1		2,903.2
Inventories	1,374.4		1,201.6
Prepaid and other current assets	487.8		496.2
Total current assets	$             5,077.6		$             4,958.3
Property, plant and equipment, net	858.7		849.7
Goodwill	1,515.1		1,507.0
Other intangibles, net	2,366.6		2,360.7
Deferred income taxes	1,527.2		1,523.8
Other long-term assets	455.7		453.8
Total assets	$           11,800.9		$           11,653.3
Short-term debt and current portion of long-term debt	$                975.8		$                337.4
Accounts payable, trade and other	801.8		768.5
Advanced payments from customers	1.8		453.8
Accrued and other liabilities	776.6		755.2
Accrued customer rebates	570.1		489.9
Guarantees of vendor financing	73.4		85.5
Accrued pensions and other postretirement benefits, current	3.0		6.4
Income taxes	102.8		122.5
Total current liabilities	$             3,305.3		$             3,019.2
Long-term debt, less current portion	$             3,027.7		$             3,027.9
Long-term liabilities	1,056.3		1,097.4
Equity	4,411.6		4,508.8
Total liabilities and equity	$           11,800.9		$           11,653.3

 

FMC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions)
	Three Months Ended March 31,
	2025		2024
Cash provided (required) by operating activities of continuing operations	$              (545.0)		$              (142.9)
Cash provided (required) by operating activities of discontinued operations	(13.3)		(21.5)
Cash provided (required) by investing activities of continuing operations	(38.0)		(23.7)
Cash provided (required) by financing activities of continuing operations	552.1		305.7
Effect of exchange rate changes on cash	2.2		(2.2)
Increase (decrease) in cash and cash equivalents	$                (42.0)		$                115.4
Cash and cash equivalents, beginning of period	$                357.3		$                302.4
Cash and cash equivalents, end of period	$                315.3		$                417.8

 

 

Cision

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SOURCE FMC Corporation

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. In light of that, when we looked at FMC (NYSE:FMC) and its ROCE trend, we weren't exactly thrilled.

We've discovered 4 warning signs about FMC. View them for free.

What Is Return On Capital Employed (ROCE)?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for FMC:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.074 = US$635m ÷ (US$12b – US$3.0b) (Based on the trailing twelve months to December 2024).

Therefore, FMC has an ROCE of 7.4%. On its own, that's a low figure but it's around the 8.4% average generated by the Chemicals industry.

Check out our latest analysis for FMC

NYSE:FMC Return on Capital Employed April 30th 2025

In the above chart we have measured FMC's prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for FMC .

What Does the ROCE Trend For FMC Tell Us?

When we looked at the ROCE trend at FMC, we didn't gain much confidence. To be more specific, ROCE has fallen from 15% over the last five years. On the other hand, the company has been employing more capital without a corresponding improvement in sales in the last year, which could suggest these investments are longer term plays. It may take some time before the company starts to see any change in earnings from these investments.

Our Take On FMC's ROCE

To conclude, we've found that FMC is reinvesting in the business, but returns have been falling. Since the stock has declined 47% over the last five years, investors may not be too optimistic on this trend improving either. All in all, the inherent trends aren't typical of multi-baggers, so if that's what you're after, we think you might have more luck elsewhere.

One final note, you should learn about the 4 warning signs we've spotted with FMC (including 1 which doesn't sit too well with us) .

While FMC isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

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.

Toronto, Ontario–(Newsfile Corp. – April 29, 2025) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), is pleased to provide an update on the Company's 100%-owned PL Gold Mine and our plans for 2025 and 2026 that could lead to the restart of gold mining operations.

The PL Gold Mine is an advanced development stage gold project. The Company published results of a positive Feasibility Study in 2018 that forecast an average annual production rate of 46,493 ounces over a minimum 5-year mine life. Using a then long-term gold price of US$1,250/oz the study forecast the majority of gold production from underground mining operations with contributions from shallow open pits over the mine life. With current gold price over US$3,000/oz the Company is working with consultants to optimize the mine development plan, including: a) restart the mine with initial production from open pit operations before transitioning to underground mining, b) drilling programs to further expand and define the existing mineral resource estimates, c) metallurgical programs to improve gold recovery and optimize the process flow sheet and d) test property wide exploration potential including the satellite Nokomis Deposit located 7km north east of the PL Mine site. The last phase of drilling at Nokomis was in 2011 which consisted of 11 holes totaling 1,823 m. The results of the program, press released March 1 2012, returned impressive high grade gold mineralization including1;

• 125.08 g/t over 7.6 m (incl. 1,830 g/t over 0.5 m);

• 12.27 g/t over 5.2 m;

• 5.1 g/t over 6.43 m;

• 9.62 g/t over 5.6 m (incl. 62.23 g/t over 0.53 m)

Table 1: Summary of PL Gold Mine Restart Programs Planned for 2025 and 2026.

Deposit	Activity	Objective	Impact
PL Deposit	Resource expansion drilling.	Further delineate and expand the PL North mineralized structures and update deposit-scale geological model	Potential to expand gold mineralization. PL North not currently included in the 2017 Mineral Resource Estimate (MRE).
	Resource infill drilling	Tighter drill spacing to better delineate existing mineralized structures. Focused on near surface future open pits.	Update and define mineralized domains, update MRE and open pit and underground mine plans
	Update and Amend Permits	Amend current underground mining license (Environment Act License 1207E) to include open pit mining methods.	Update mine plan from 2017 Feasibility Study to consider expanded open pit production starting in year 1
Nokomis Deposit	Resource infill and expansion drilling.	Expand and delineate Nokomis mineralized structures.	Update MRE and analyse contribution to overall PL development plan as potential satellite open pit / underground mine.
PL and Nokomis Deposits	Submit Application for an Advanced Exploration Permits ("AEP").	Consider two 10,000 tonne open pit bulk samples. One on the PL deposit and one at the satellite Nokomis deposit.	The PL bulk sample will be used for updated metallurgical test work including ore sorting and gravity recovery. At Nokomis the bulk sample will be used for initial metallurgical test work and to develop logistics solutions for future satellite mine operations.
	Updated metallurgical test work.	Reduced tonnage to mill at higher grade can result in higher gold recoveries, reduced consumables and lower processing costs.	Enhance gold recovery and optimize overall processing costs.
Property Wide Exploration	Review surface showings and historical drill results outside of PL and Nokomis deposits.	Identify and prioritize targets for follow-up drill testing.	Demonstrate exploration potential of property.

Gorden Glenn, CEO commented, "The planned 2025 and 2026 programs will build on the considerable existing technical database and prior studies. This work will inform an updated Feasibility Study that will include a new optimized mine plan using a much higher gold price than the US$1,250/oz used in the 2018 Feasibility Study."

Qualified Person

Mr. Chris Buchanan, M. Sc., P. Geo., is an independent consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Minnova Corp.

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

For more information please contact:

Minnova Corp.Gorden GlennPresident & Chief Executive Officer

Investor Relations: info@minnovacorp.ca

Website: www.minnovacorp.ca

Forward-Looking Statements

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

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

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

[1] https://www.globenewswire.com/news-release/2012/03/01/1477373/0/en/Auriga-Gold-Reports-High-Grade-Gold-Intersections-from-Nokomis-Deposit-Maverick-Gold-Project-Manitoba-Including-Uncut-Values-Up-to-1-830-g-t-Over-0-5-m.html

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250155

PHILADELPHIA, April 29, 2025 /PRNewswire/ —

FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced the election of Steven Merkt to the company's Board of Directors, effective April 29, 2025. Merkt will serve on the Audit and Nominating and Corporate Governance Committees.

"We are pleased to welcome Steven to FMC's Board of Directors," said Pierre Brondeau, FMC chairman and chief executive officer. "His proven track record of driving growth and operational excellence for global manufacturing companies will be invaluable as we execute our strategy to return to growth. We look forward to benefiting from his insights and leadership as we continue to strengthen our position as a global leader in agricultural sciences."

Merkt brings over 30 years of experience in international manufacturing, operational excellence, cybersecurity and corporate governance. He most recently served as president of the Transportation Solutions segment at TE Connectivity from 2012 to 2024, where he drove significant profitability growth. During his tenure, Merkt was instrumental in developing a robust innovation pipeline and oversaw manufacturing operations in more than 20 countries.

Merkt was a member of the Board of Directors of Arcadium Lithium plc before its recent acquisition by Rio Tinto and was a member of the Board of Directors of one of Arcadium Lithium plc's predecessor companies, Livent Corporation, where he provided experience on successfully managing complex Board governance issues. Earlier in his career, he held multiple senior leadership roles, including president of TE Connectivity's global Automotive business, based in Germany, and vice president of the company's Asia Pacific Automotive business, based in China.

Merkt expressed enthusiasm about his new role, stating, "I'm honored to join FMC's Board and work alongside my fellow Board members and the management team. I look forward to accelerating FMC's mission, driving growth and ensuring operational excellence while building on FMC's impressive legacy of innovation."

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 and crop advisers to address their toughest challenges economically while protecting the environment. 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®.

 

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SOURCE FMC Corporation

FMC Corporation FMC is set to release first-quarter 2025 results after the closing bell on April 30.The company beat the Zacks Consensus Estimate for earnings in each of the last four quarters. On average, FMC has a trailing four-quarter earnings surprise of around 20.2%. The company reported an earnings surprise of 11.1% in the last reported quarter.FMC is likely to have faced challenges from de-stocking and pricing pressures in the first quarter. The company's cost actions and new product launches are expected to have contributed to its performance.FMC’s shares have lost 29.5% in the past year compared with the Zacks Agriculture – Operations industry’s 6.7% decline.

Image Source: Zacks Investment Research

Let’s see how things are shaping up for this announcement.

What Our Model Unveils for FMC Stock

Our proven model predicts an earnings beat for FMC this time around. The combination of a positive Earnings ESP  and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat.Earnings ESP: Earnings ESP for FMC is +34.04%. The Zacks Consensus Estimate for the first quarter is currently pegged at 8 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: FMC currently carries a Zacks Rank #3.(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)

What Do FMC’s Revenue Estimates Say?

The Zacks Consensus Estimate for first-quarter sales for FMC is currently pegged at $779 million, suggesting a 15.1% year-over-year decline.The consensus estimate for North America’s revenues is currently pegged at $224.2 million, suggesting a 13.4% year-over-year decline.The Zacks Consensus Estimate for Latin America sales is pegged at $137.9 million, indicating a 26.6% year-over-year decrease.The consensus estimates for Europe, the Middle East and Africa (EMEA) sales are pegged at $278.5 million, calling for a 9.2% year-over-year decline.The same for Asia is pinned at $144.8 million, indicating a 11.8% decline on a year-over-year basis.

Factors at Play for FMC Stock

FMC is expected to have gained from efforts to expand its product portfolio through new product launches and restructuring actions in the first quarter. FMC is committed to strengthening its product portfolio by investing in new technologies and launching new products, which are gaining significant traction in Europe, North America and Asia. These initiatives are expected to have supported the company's results.  The company is seeing strong performance of its growth portfolio, including Cyazypyr active and new active ingredients fluindapyr and Isoflex Active, which are generating higher sales. FMC is also expected to have benefited from reduced input costs, a favorable product mix and cost-control actions. It is making progress with its global restructuring and cost-reduction program. It saw benefits from restructuring of $165 million on full-year 2024 adjusted EBITDA, with more than $225 million run rate savings expected by the end of 2025. The benefits of restructuring actions are expected to be reflected in the company's margins in the quarter to be reported.The company is likely to have faced headwinds from inventory de-stocking. Continued active inventory management is expected to have weighed on its volumes. The company is seeing channel de-stocking in India and Latin America. FMC projects revenues for the first quarter to be in the $750-$800 million range, indicating a 16% decrease at the midpoint from the same period in 2024. Volume is projected to fall as customers in various countries continue to cut inventories and retailers and growers make cautious purchases in an environment of low commodity prices.Weaker prices are also likely to weigh on the company’s revenues in the first quarter. It faced headwinds from weaker prices in the fourth quarter. The pricing headwind is expected to have continued in the first quarter. FMC sees mid-to-high-single digit price decline in the first quarter mainly due to the price adjustments for diamide partner contracts.

FMC Corporation Price and EPS SurpriseFMC Corporation Price and EPS Surprise

FMC Corporation price-eps-surprise | FMC Corporation Quote

Basic Materials Stocks That Warrant a Look

Here are some companies in the basic materials space you may want to consider as our model shows they too have the right combination of elements to post an earnings beat this quarter:CF Industries Holdings, Inc. CF, scheduled to release earnings on May 7, has an Earnings ESP of +3.67% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for CF’s earnings for the first quarter is currently pegged at $1.47.ATI Inc. ATI, slated to release earnings on May 1, has an Earnings ESP of +2.46% and carries a Zacks Rank #3 at present.

The consensus mark for ATI’s first-quarter earnings is currently pegged at 58 cents.Kinross Gold Corporation KGC, scheduled to release earnings on May 6, has an Earnings ESP of +11.07%.The Zacks Consensus Estimate for Kinross Gold's earnings for the first quarter is currently pegged at 22 cents. KGC currently carries a Zacks Rank #2.

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

ATI Inc. (ATI) : Free Stock Analysis Report

CF Industries Holdings, Inc. (CF) : Free Stock Analysis Report

Kinross Gold Corporation (KGC) : Free Stock Analysis Report

FMC Corporation (FMC) : Free Stock Analysis Report

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

Zacks Investment Research

VANCOUVER, BC, April 28, 2025 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") is pleased to announce the appointment of Ms. Margot Naudie to the Board of Directors, effective immediately.

Ms. Naudie is a seasoned capital markets professional with over 25 years of global investment experience managing long/short and global natural resource portfolios. She held senior roles at leading multi-billion asset management firms including TD Asset Management, Marret Asset Management and CPP Investment Board.  Margot was cited as a Brendan Wood Top Gun (Platinum) for five consecutive years.

Ms. Margot serves as an Independent Director on public and private boards and has a broad range of experience across board roles. This includes serving as Audit Chair, Compensation Committee Chair, Lead Independent Director, HR and ESG Committees, and Chair of a Special Committee. Margot graduated with degrees in Political Science and Economics from McGill University and an MBA from the Ivey School of Business. She is a Chartered Financial Analyst charterholder. Margot will chair Bravo's audit committee.

The Company also announces that, at Bravo's upcoming 2025 Annual General and Special Meeting of Shareholders ("AGSM"), Mr. Stuart Comline is to retire and therefore will not stand for re-election. Mr. Comline has been a director of the Company since inception and has played a significant role in its creation, growth and success. Stuart will continue with Bravo in a technical advisory capacity.

"We are very pleased to welcome Margot to the Board. She brings a wealth of knowledge and experience in capital markets, and her strong track record in natural resource investment and governance will be invaluable to Bravo as we continue to unlock the potential of our Luanga Project," said Luis Azevedo, Chairman and CEO. "On behalf of the Board and management, I would also like to express our sincere appreciation to Stuart for his significant contributions since the Company's inception. With a successful track record in the development of platinum group metal (PGM) deposits, Stuart played a critical role in technically vetting the Luanga Project for acquisition by Bravo and developing our team's knowledge of PGM systems. His insight, dedication, and thoughtful guidance have been instrumental to our success, and we are pleased that his expertise will remain close to us in an advisory capacity."

Ms. Naudie stated: "Having spent my career assessing mining investments around the world, I recognize how rare it is to find a project like Luanga – an asset with scale, grade, growth, and discovery potential in critical metals, located in a top-tier jurisdiction. Bravo's highly experienced team, with a proven track record of successful local execution and a solid financial position, has the Company exceptionally well-placed for success. I am excited to join the Board and support Bravo as it advances this outstanding opportunity."

Stock Options

The Company's board of directors has approved the granting of 150,000 incentive stock options pursuant to the Company's Stock Option Plan to Margot Naudie. Such Options are exercisable into common shares of the Company at an exercise price of C$2.58 per common share, and vest as to 25% one year from the date of grant followed by 25% annually thereafter until fully vested.

2025 Director Nominees

In connection with the AGSM, the Company is pleased to announce that the Environment, Social and Governance Committee has recommended, and the Board of Directors (the "Board") has approved, four director nominees, including new independent director nominee Ms. Margot Naudie. In addition to Ms. Naudie, Luis Azevedo, Tony Polglase and Stephen Quin will stand for re-election.

2025 Annual General and Special Meeting of Shareholders

The Company invites shareholders to attend the virtual AGSM being held at 10:00 a.m. PT on Thursday, June 5, 2025. Shareholders of record as of the close of business on April 23, 2025, being the record date, will be eligible to vote in advance of the meeting.

Complete details of the AGSM are contained in the Company's 2025 Management Information Circular, which will be available on the Company's website and on SEDAR+ at www.sedarplus.ca on April 30, 2025.

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM+Au+Ni Luanga Project, as well as our Cu-Au +/- Ni exploration opportunities in the world-class Carajás Mineral Province, Para State, Brazil.

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

The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, ports, and hydroelectric grid power. Bravo's current Environmental, Social and Governance activities includes planting more than 35,000 high-value trees in and around the project area, while hiring and contracting locally.

In 2025, the Luanga Project was granted a preliminary licence (see news release dated March 3, 2025) for the development of the project. Combined with the recently updated Mineral Resource Estimate which increased both tonnes and grade (see news release dated February 18, 2025), this places Luanga at the forefront of potential future PGM+Au+Ni projects globally, while benefitting from extensive infrastructure (including road, rail and low cost, reliable hydro power), an experienced work force, shallow depths amenable to potential open pit extraction, and in a geopolitically favourable location close to end-user markets.

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

SOURCE Bravo Mining Corp.

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When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Taranis Resources Inc.'s (CVE:TRO) instance, it's good news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

We've discovered 4 warning signs about Taranis Resources. View them for free.

The Last 12 Months Of Insider Transactions At Taranis Resources

Over the last year, we can see that the biggest insider purchase was by insider James Stuckert for CA$153k worth of shares, at about CA$0.51 per share. That means that an insider was happy to buy shares at above the current price of CA$0.20. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Taranis Resources insiders may have bought shares in the last year, but they didn't sell any. The average buy price was around CA$0.42. This is nice to see since it implies that insiders might see value around current prices. 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!

See our latest analysis for Taranis Resources

TSXV:TRO Insider Trading Volume April 26th 2025

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Are Taranis Resources Insiders Buying Or Selling?

We saw some Taranis Resources insider buying shares in the last three months. insider James Stuckert bought CA$11k worth of shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. However, in this case the amount invested recently is quite small.

Does Taranis Resources Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Taranis Resources insiders own about CA$5.2m worth of shares. That equates to 26% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Taranis Resources Insider Transactions Indicate?

Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in Taranis Resources and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Taranis Resources. At Simply Wall St, we've found that Taranis Resources has 4 warning signs (3 can't be ignored!) that deserve your attention before going any further with your analysis.

But note: Taranis Resources may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

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

  OTTAWA, ON, April 23, 2025 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it intends to undertake a non-brokered private placement financing for aggregate gross proceeds of $300,000 (the "Offering").

The Offering will be comprised of up to 7,500,000 units through the sale and issuance of any combination of:  i) common shares units ("Units") at $0.04 per Unit with each Unit consisting of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"); and/or ii) flow-through units ("Flow-Through Units") at a price of $0.05 per Flow-Through Unit with each Flow-Through Unit consisting of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) and one-half of one Common Share purchase warrant (a "FT Warrant").  Each whole FT Warrant is exercisable for one Common Share at a price of $0.11 per share within 24 months of closing and each Warrant is exercisable for one Common Share at a price of $0.10 per share within 24 months of closing.

Proceeds from the Offering will be used primarily to up-size a 2,000 m diamond drill program at the Company's Root & Cellar Property to 3,000 m and for general working capital purposes. Preparation for the drill program will commence next week with a planned start date in early June.

The Units and Flow-Through Units will be sold to "accredited investors" and other exempt parties pursuant to exemptions from prospectus requirements under Canadian securities laws, and the Company has been authorized to pay up to 6% cash finders fees and up to 6% Warrants or Flow-Through Warrants (as the case may be) to certain registered brokers and dealers in respect of investors introduced to the Company who purchase securities.

Securities issued under the Offering are subject to restrictions on resale for a period of four months and a day from the date of closing. The Offering is subject to final approval of the TSX Venture Exchange.  The Company anticipates closing on May 7, 2025

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

About Northern Shield Resources

Northern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity to find a Tier 1 asset, near surface, and at relatively low cost. We implement a model driven exploration approach to reduce the risk associated with early-stage projects for ourselves, our shareholders, and the environment. This approach led us to option the Root & Cellar Property from a Newfoundland prospector, who discovered the mineralization, and then its advancement to a large gold-silver-tellurium and copper porphyry system.

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

Cautionary Statement Regarding Forward-Looking Statements

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

SOURCE Northern Shield Resources Inc.

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The ASX200 is set to open around 2% higher, reflecting a positive shift in investor sentiment following hopeful signs of easing tensions in the U.S.-China trade war. For those considering investments in smaller or emerging companies, penny stocks—despite their somewhat outdated moniker—continue to offer intriguing opportunities. These stocks can combine affordability with growth potential, especially when backed by solid financial foundations, and this article will explore several that stand out for their financial strength.

Top 10 Penny Stocks In Australia

Name	Share Price	Market Cap	Financial Health Rating
CTI Logistics (ASX:CLX)	A$1.66	A$133.7M	★★★★☆☆
MotorCycle Holdings (ASX:MTO)	A$2.11	A$155.73M	★★★★★★
EZZ Life Science Holdings (ASX:EZZ)	A$1.58	A$74.53M	★★★★★★
IVE Group (ASX:IGL)	A$2.43	A$374.66M	★★★★★☆
GTN (ASX:GTN)	A$0.605	A$116.34M	★★★★★★
Bisalloy Steel Group (ASX:BIS)	A$3.30	A$156.59M	★★★★★★
Regal Partners (ASX:RPL)	A$1.69	A$568.12M	★★★★★★
SHAPE Australia (ASX:SHA)	A$2.94	A$243.25M	★★★★★★
NRW Holdings (ASX:NWH)	A$2.45	A$1.12B	★★★★★☆
LaserBond (ASX:LBL)	A$0.375	A$44M	★★★★★★

Click here to see the full list of 988 stocks from our ASX Penny Stocks screener.

Here’s a peek at a few of the choices from the screener.

Arafura Rare Earths

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

Overview: Arafura Rare Earths Limited focuses on the exploration and development of mineral properties in Australia, with a market cap of A$517.51 million.

Operations: Currently, there are no reported revenue segments for this company.

Market Cap: A$517.51M

Arafura Rare Earths, with a market cap of A$517.51 million, remains pre-revenue and unprofitable, having reported a net loss of A$18.85 million for the half-year ended December 2024. Despite being debt-free and having short-term assets exceeding liabilities, the company faces challenges due to its inexperienced management and board teams. While it was recently added to the S&P/ASX Emerging Companies Index, it was dropped from several others like the S&P/ASX 300 Index in March 2025. The company’s cash runway is limited but has been extended through additional capital raising efforts.

• Click here and access our complete financial health analysis report to understand the dynamics of Arafura Rare Earths.

• Evaluate Arafura Rare Earths’ prospects by accessing our earnings growth report.

ASX:ARU Debt to Equity History and Analysis as at Apr 2025CTI Logistics

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

Overview: CTI Logistics Limited, along with its subsidiaries, offers transport and logistics services across Australia and has a market cap of A$133.70 million.

Operations: The company’s revenue is primarily derived from its Transport segment, contributing A$228.92 million, followed by the Logistics segment at A$124.18 million, and Property at A$8.13 million.

Market Cap: A$133.7M

CTI Logistics, with a market cap of A$133.70 million, has shown stable performance in the penny stock sector. The company reported half-year sales of A$165.9 million, slightly up from the previous year, though net income decreased to A$7.11 million. Despite a low return on equity at 12.3%, CTI’s debt is well-managed with a satisfactory net debt to equity ratio of 36.5%. Although short-term assets do not cover liabilities, earnings growth has outpaced industry averages and is forecasted to accelerate by 23.25% annually, suggesting potential for future profitability improvements despite current dividend sustainability concerns.

• Unlock comprehensive insights into our analysis of CTI Logistics stock in this financial health report.

• Review our growth performance report to gain insights into CTI Logistics’ future.

ASX:CLX Debt to Equity History and Analysis as at Apr 2025Diversified United Investment

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

Overview: Diversified United Investment Limited is a publicly owned investment manager with a market cap of A$1.08 billion.

Operations: The company generates revenue primarily from its investment activities, totaling A$46.41 million.

Market Cap: A$1.08B

Diversified United Investment Limited, with a market cap of A$1.08 billion, has demonstrated stable financial management despite recent negative earnings growth. The company’s debt is well-managed, with cash exceeding total debt and interest payments covered 12.2 times by EBIT. While the return on equity is low at 3.4%, the firm maintains high-quality past earnings and improved net profit margins year-over-year to 79.3%. However, its dividend yield of 3.21% isn’t fully supported by earnings, raising sustainability concerns despite recent dividend affirmations indicating continued shareholder returns amidst seasoned board oversight averaging a tenure of 15 years.

• Take a closer look at Diversified United Investment’s potential here in our financial health report.

• Understand Diversified United Investment’s track record by examining our performance history report.

ASX:DUI Financial Position Analysis as at Apr 2025Summing It All Up

• Explore the 988 names from our ASX Penny Stocks screener here.

• Searching for a Fresh Perspective? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 24 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.

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

Companies discussed in this article include ASX:ARU ASX:CLX and ASX:DUI.

This article was originally published by Simply Wall St.

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

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

OTTAWA, ON, April 22, 2025 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSX-V: NRN) is pleased to announce that, in order to address regulatory timing requirements, it has closed the final tranche of a non-brokered, private placement of 5,400,000 units for total proceeds of $258,000 (the "Tranche") bringing the total raised across both tranches to $500,500 (the "Offering").

The Tranche was comprised of: i) 1,200,000 units ("Units") at $0.04 per Unit with each Unit consisting of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant") for aggregate gross proceeds of $48,000; and ii) 4,200,000 flow-through units ("Flow-Through Units") at a price of $0.05 per Flow-Through Unit with each Flow-Through Unit consisting of one Common Share issued on a flow-through basis within the meaning of the Income Tax Act (Canada) and one-half of one Common Share purchase warrant (a "FT Warrant") for aggregate gross proceeds of $210,000.  Each whole FT Warrant is exercisable for one Common Share at a price of $0.11 per share within 24 months of closing and each Warrant is exercisable for one Common Share at a price of $0.10 per share within 24 months of closing.

Proceeds from the Offering will be used for working capital and to incur eligible exploration expenses at the Root & Cellar Property focussed on a diamond drill program to commence in early June. The Company paid $11,280 and issued 237,000 warrants in finders fees in connection with the Offering.

"This financing allows us to contract for a 2,000m drill program at Root & Cellar which will likely be expanded to 3,000 m in the coming days as further financing is attained. The drilling will focus on the Conquest Zone where remnant silica sinter and geyser sediments mark the upper most portion of an up-flow zone of an epithermal system. It is unusual to see significant gold mineralization in the sinter and its abundance bodes well for high-grade gold mineralization, that is characteristic of epithermal system at slightly greater depth. 3D modelling of the magnetic low that underlies the Conquest Zone shows a compelling visualization of the epithermal system with the sinter coinciding with the top of one "branch" of the model that extends to approximately 800m depth"

– Ian Bliss, President and CEO, Northern Shield

Securities issued under the Tranche are subject to restrictions on resale for a period of four months and a day from the date of closing. The Offering is subject to final approval of the TSX Venture Exchange.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Northern Shield Resources

Northern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-quality exploration targets that views greenfield exploration as an opportunity to find a Tier 1 asset, near surface, and at relatively low cost. We implement a model driven exploration approach to reduce the risk associated with early-stage projects for ourselves, our shareholders, and the environment. This approach led us to option the Root & Cellar Property from a Newfoundland prospector, who discovered the mineralization, and then its advancement to a large gold-silver-tellurium system.

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

Cautionary Statement Regarding Forward-Looking Statements

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

SOURCE Northern Shield Resources Inc.

Cision

View original content: http://www.newswire.ca/en/releases/archive/April2025/22/c5357.html

VANCOUVER, BC / ACCESS Newswire / April 21, 2025 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to announce that, subject to the approval of the TSX Venture Exchange ("TSXV"), it has granted 2,940,000 stock options (each, an "Option") and restricted share units (each, an "RSU") to certain directors and officers of the Company in accordance with the Company's Long-Term Performance Incentive Plan ("LTIP").

Each Option and RSU is exercisable into one common share in the capital of the Company ("Share") at a price of $0.16 per share, based on the five-day moving average volume weighted price of the Shares on the TSXV on April 17, 2025.

The Options will vest over a period of five years from the date of grant and the RSUs will vest on the one-year anniversary of the grant. All vesting is in accordance with the shareholder approved LTIP.

Upcoming Events

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

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

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

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

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

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

About Stillwater Critical Minerals Corp.

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

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

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

Email: info@criticalminerals.com Phone: (604) 357 4790

Web: http://criticalminerals.com Toll Free: (888) 432 0075.

Forward-Looking Statements

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

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

SOURCE: Stillwater Critical Minerals Corp.

View the original press release on ACCESS Newswire

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Zimplats Holdings (ASX:ZIM), we don't think it's current trends fit the mold of a multi-bagger.

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

What Is Return On Capital Employed (ROCE)?

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Zimplats Holdings:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.03 = US$69m ÷ (US$2.5b – US$269m) (Based on the trailing twelve months to December 2024).

So, Zimplats Holdings has an ROCE of 3.0%. Ultimately, that's a low return and it under-performs the Metals and Mining industry average of 8.3%.

Check out our latest analysis for Zimplats Holdings

ASX:ZIM Return on Capital Employed April 17th 2025

Historical performance is a great place to start when researching a stock so above you can see the gauge for Zimplats Holdings' ROCE against it's prior returns. If you'd like to look at how Zimplats Holdings has performed in the past in other metrics, you can view this free graph of Zimplats Holdings' past earnings, revenue and cash flow.

What Does the ROCE Trend For Zimplats Holdings Tell Us?

On the surface, the trend of ROCE at Zimplats Holdings doesn't inspire confidence. Over the last five years, returns on capital have decreased to 3.0% from 18% five years ago. Meanwhile, the business is utilizing more capital but this hasn't moved the needle much in terms of sales in the past 12 months, so this could reflect longer term investments. It may take some time before the company starts to see any change in earnings from these investments.

The Bottom Line

To conclude, we've found that Zimplats Holdings is reinvesting in the business, but returns have been falling. Since the stock has gained an impressive 57% over the last five years, investors must think there's better things to come. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward.

Since virtually every company faces some risks, it's worth knowing what they are, and we've spotted 2 warning signs for Zimplats Holdings (of which 1 shouldn't be ignored!) that you should know about.

While Zimplats Holdings may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

FMC Corporation FMC has received its first product registration in Brazil for Sofero Fall pheromone. It is the first in its lineup of distinctive pheromone products for row crops, offering growers sustainable pest control methods, managing resistance and boosting productivity. Sofero Fall pheromone targets fall armyworms (Spodoptera frugiperda).

The successful registration of Sofero Fall in Brazil will bring high-performance, sustainable crop protection solutions to growers and help fight against fall armyworms. It is focused on prevention rather than treatment, as it uses an innovative mating disruption technique. Sofero is a sprayable formulation combined with synthetics, biologicals and precision technologies to improve operational efficiency.

FMC is also awaiting registration of Sofero Frugi pheromone, which also targets fall armyworms, in Mexico and is anticipated in 2027. The company plans to extend its portfolio with sustainable pest management programs and strengthen its global reach.

FMC stock has lost 36.1% over the past year compared with the 12.9% decline in the industry.

Zacks Investment Research

Image Source: Zacks Investment Research

FMC expects revenues for the first quarter to be in the range of $750 million to $800 million, a 16% decrease at the midpoint from the same period in 2024. Volume is likely to fall as customers in various countries continue to cut inventories, and retailers and growers make cautious purchases in an environment of low commodity prices. Adjusted EPS is projected to be in the range of 5 cents to 15 cents, representing a 72% fall at the midpoint against the first quarter of 2024 due to the reduction in adjusted EBITDA.

FMC’s Zacks Rank and Key Picks

FMC currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Basic Materials space are DRDGOLD Limited DRD, Idaho Strategic Resources, Inc. IDR and Carpenter Technology Corporation CRS. DRD, IDR and CRS have a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for DRD’s current-year earnings is pegged at $1.06 per share, indicating a 29.3% year-over-year rise. Its shares have soared 80.5% in the past year.

The Zacks Consensus Estimate for IDR’s 2025 earnings is pegged at 78 cents per share, indicating a rise of 16.4% from year-ago levels. IDR’s earnings beat the consensus estimate in three of the trailing four quarters while missing once, with the average surprise being roughly 77.5%.

The Zacks Consensus Estimate for Carpenter Technology’s current fiscal-year earnings is pegged at $6.95 per share. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 15.7%. CRS’ shares have soared 116.5% in the past year.

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Carpenter Technology Corporation (CRS) : Free Stock Analysis Report

FMC Corporation (FMC) : Free Stock Analysis Report

DRDGOLD Limited (DRD) : Free Stock Analysis Report

Idaho Strategic Resources, Inc. (IDR) : Free Stock Analysis Report

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

Zacks Investment Research

Commerce Resources (CCE.V) on Friday struck a merger agreement under which Australia-listed Mont Roy

Commerce Resources (CCE.V) on Friday struck a merger agreement under which Australia-listed Mont Roy

MONTREAL, April 11, 2025 /CNW/ — Commerce Resources Corp. (TSXV: CCE, FSE: D7H0) ("Commerce") is pleased to announce it has entered into a definitive agreement with Mont Royal Resources Limited (ASX: MRZ) ("Mont Royal") to merge the two companies. Under the agreement, Mont Royal will acquire 100% of Commerce's issued and outstanding shares through a court-approved plan of arrangement under the Business Corporations Act (British Columbia).

The merger will create a Québec-focused critical minerals explorer and developer, combining Commerce's Ashram Rare Earth and Fluorspar Project and Eldor Niobium Project with Mont Royal's Northern Lights Lithium Project.

The newly combined entity will be dual-listed on the TSX Venture Exchange (TSXV) and the Australian Securities Exchange (ASX), enhancing access to capital and liquidity. The merger also unites experienced leadership teams with strong track records in capital markets, project development, and operations.

To view full announcement: https://www.accessnewswire.com/newsroom/en/metals-and-mining/commerce-resources-and-mont-royal-resources-enter-into-arrangement-agreement-to-c-1012730

More Information: https://commerceresources.com/

SOURCE Commerce Resources Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2025/11/c5333.html

FMC's portfolio of distinctive pheromone products for row crops leads a new era in crop protection and pest management 

PHILADELPHIA, April 10, 2025 /PRNewswire/ —

FMC Corporation Logo. (PRNewsFoto/FMC Corporation)

FMC Corporation (NYSE: FMC), a leading agricultural sciences company, today announced it has received registration in Brazil for Sofero™ Fall pheromone targeting fall armyworm (Spodoptera frugiperda). Sofero™ Fall is the first in the company's lineup of distinctive pheromone products for row crops offering growers a novel approach to sustainably control pests, manage resistance and boost productivity.

"The registration of Sofero™ Fall in Brazil marks a significant milestone in our efforts to bring high-performance, sustainable crop protection solutions to growers," said Ronaldo Pereira, FMC president. "We are excited to provide growers with a powerful new tool in the battle against fall armyworm. Fall armyworm has developed resistance to many traditional insecticides, and growers are seeking alternative solutions to complement their existing practices. Sofero™ Fall offers an efficient and sustainable way to overcome mounting resistance challenges and enhance the performance of their pest management programs."

Sofero™ Fall features an innovative mode of action based on mating disruption. This breakthrough technology harnesses the powerful signals of pheromones to naturally disrupt the mating cycles of fall armyworm, preventing it from reproducing. By breaking the pest cycle before the next generation can emerge, Sofero™ Fall protects crops in the early stages of development, reducing damage and supporting healthy growth. The unique, sprayable formulation leverages FMC's proprietary microencapsulation technology to improve stability and extend its effectiveness, optimizing performance and providing growers with longer-lasting protection.

Sofero™ Fall is the first product to launch under FMC's global Sofero™ pheromone solutions brand. The Sofero™ portfolio of products will target destructive pests in key crops including rice, corn, cotton and soybeans. Sofero™ pheromone solutions are designed to be used as part of an integrated program, combined with synthetics, biologicals and precision technologies to improve operational efficiency.

"Sofero™ pheromone solutions inspire a new way to think about crop protection – one that is focused on prevention over treatment," continued Pereira. "With our extensive portfolio and global reach, FMC is uniquely positioned to bring these game-changing solutions to growers around the world, creating a more sustainable future for agriculture while solving real problems in the field."

Registration for Sofero™ Frugi pheromone, which also targets fall armyworm, is pending in Mexico and anticipated in 2027.

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 and crop advisers to address their toughest challenges economically while protecting the environment. 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®.

Sofero™ is a trademark of FMC Corporation and/or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions.

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, 2024 (the "2024 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2024 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.

Sofero™ pheromone solutions inspire a new way to think about crop protection.Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-receives-first-product-registration-in-brazil-for-sofero-fall-pheromone-302426066.html

SOURCE FMC Corporation