Zimplats Holdings has seen its share price fall sharply this year, which naturally puts the spotlight on whether the current A$14.24 level still lines up with what the business earns. With sentiment under pressure, the key issue for investors is how the stock's valuation stacks up against its earnings power rather than its recent share price history alone.
- The share price is down 38.1% year to date, so the current valuation puts a lot of weight on how reliable and repeatable Zimplats Holdings' earnings base really is.
- The group relies heavily on converting its mining operations into consistent profits, which can shape how investors weigh its earnings against the industry average.
- Before you settle on a price for Zimplats Holdings, see what its peers cost. See how Zimplats Holdings's 3.9x P/E compares with its peers.
The stock's next move may depend on whether Zimplats Holdings' current price is justified by its earnings when compared with the broader industry average.
If you want a quick sense of how Zimplats Holdings compares with other value candidates on earnings and price, run the same check across 3 high quality undervalued stocks.
Does Zimplats Holdings Look Undervalued on Earnings?
P/E works well for Zimplats Holdings because the market is clearly anchoring the share price to reported earnings. On this measure, the stock trades on a P/E of 3.9x, which is far below the Metals and Mining industry average of about 11.4x and also beneath a broader peer group closer to 14.8x. For a reader, that gap means the market is currently paying much less for each dollar of Zimplats Holdings earnings than it is for many sector peers.
Such a steep discount often points to an undervalued share price on this metric. However, you still need to weigh it against factors like the quality and stability of those earnings, the company specific risks in its mining operations, and where the wider commodity cycle sits. If you are weighing whether that low multiple reflects opportunity or caution from other investors, it helps to see how Zimplats Holdings screens alongside other low P/E ideas. Explore the numbers behind Zimplats Holdings's P/E valuation.
ASX:ZIM P/E Ratio as at Oct 2026 The Zimplats Holdings Narrative: What Would Justify Today's Price?
Narratives on Simply Wall St pick up where this valuation puzzle for Zimplats Holdings leaves off by spelling out what would need to happen to future growth, margins and earnings for the current share price to look materially higher or lower. Each one turns fair value into a clear, testable idea about Zimplats Holdings' business that you can track over time on the Community page rather than treating it as a single frozen snapshot.
A clear, number driven narrative on Zimplats Holdings makes the trade off between its earnings base and current share price explicit so you can judge whether the low P/E reflects temporary pressure or a more durable reset. Putting those assumptions down in one place also gives you a simple yardstick to track as Zimplats Holdings' growth, margins and execution play out over time.
Share your own Narrative for Zimplats Holdings and set out the assumptions behind your valuation.
One more lens for Zimplats Holdings that sits beyond today's P/E check
Price and current earnings only tell you what the market is paying today, while analyst expectations a few years out give you a separate benchmark to compare against this valuation story. Explore where analysts expect Zimplats Holdings to be in a few years.
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 ZIM.AX.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
PERTH, Australia, Oct. 15, 2026 /PRNewswire/ — Lindian Resources Limited (ASX: LIN) ("Lindian") is pleased to provide an update on construction, mining activities and commissioning readiness at its Kangankunde Rare Earths Project in Malawi, as construction advances towards commissioning and first monazite concentrate production in December 2026. With key processing equipment installed, electrical works progressing and ore inventories growing, the Project remains on schedule for first production.
The full ASX announcement is available at: https://asx.api.cmfyapp.com/asx-research/1.0/file/2924-03149014-6A1349511&v=undefined
Highlights
- First monazite concentrate on target for December 2026, with construction and operational readiness activities advancing towards commissioning.
- Ore stockpiles increased to approximately 149,000 tonnes*, up approximately 24,000 tonnes, or 19%, from September 2026.
- Key power milestones achieved, with the 33kV overhead line commissioned to the transformer yard and both 1,250 kVA plant transformers returned to site following successful factory acceptance testing. Site energisation is targeted for the first week of November 2026.
- Separation circuits taking shape, with structural steel in the WHIMS and MGS areas approximately 90% complete and shaking tables approximately 80% complete. Installation of the regrind mill is complete.
- Transition to operations under way, with initial operating personnel on board, operator training commenced and outbound concentrate logistics contracts nearing finalisation.
Lindian's Executive Director, Zac Komur, commented: "Kangankunde is in the final stretch of construction. Our target is clear: first monazite concentrate in December. The plant is taking shape, ore stockpiles are growing and our focus is on completing the remaining work and commissioning safely. Every milestone brings us closer to becoming a rare earths producer."
* The ore stockpile tonnage is derived from the existing Ore Reserve estimates.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lindian-resources-kangankunde-rare-earths-project-advances-towards-december-first-production-302910733.html
Investing.com — Shares of FMC Corporation (NYSE: FMC) plunged 35% after the agricultural sciences company drastically cut its third-quarter 2026 guidance, citing weaker-than-anticipated demand and bloated inventory values among its channel partners.
The company now projects Q3 revenue to land between $65 million and $125 million, accompanied by an adjusted EBITDA loss of $510 million to $565 million. These stark revisions account for a severe $625 million to $675 million impact stemming from aggressive commercial actions. These interventions include targeted price reductions on select products currently held by channel customers across key markets, alongside a fundamental restructuring of FMC’s U.S. pricing and sales model.
“Third-quarter demand was weaker than we expected, driven by challenging market conditions and elevated levels of higher-priced FMC products held in inventory by certain channel customers, which are limiting product movement and replenishment demand,” said Pierre Brondeau, FMC’s Chairman, CEO, and President.
While FMC successfully reduced overall channel inventory volumes in 2025—leaving distributors operating with historically low physical inventory levels—the remaining stock consists largely of older, higher-priced products. This dynamic has artificially inflated the monetary value of the inventory held by customers. Furthermore, rapid market price declines, fueled in part by intensifying generic competition, have created a widening gap between the booked value of this affected inventory and current market realities.
To resolve this bottleneck, FMC is executing comprehensive commercial interventions across Brazil, Argentina, the United States, and Canada to mark down select products held in the channel. Concurrently, the company is overhauling its U.S. strategy, transitioning away from a high-gross-price, high-rebate model to significantly narrow the disparity between gross and net pricing.
Looking ahead to its balance sheet, FMC anticipates remaining in compliance with its financial covenants as of September 30, 2026. However, management plans to proactively initiate discussions with its banking syndicate to secure potential covenant modifications, ensuring the company retains adequate financial flexibility while it navigates these strategic commercial shifts.
FMC is scheduled to release its full third-quarter earnings report on October 29, 2026.
Original Article
FMC tumbles 35% after slashing Q3 outlook over weak demand and inventory issues
Premarket movers: CoreWeave tumbles; Penske Automotive surges
CarMax stock climbs after BofA upgrades to Buy on improving outlook
Vancouver, British Columbia–(Newsfile Corp. – October 15, 2026) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that drill sites have been located for a fully funded 2,000 metre diamond drill program scheduled to start mid-October 2026. If figures are not shown in the News Release please go to www.segoresources.com to view the graphics.
The analysis of 3 D inversion of the IP (induced polarization) Volterra diamond array program has defined several deep IP chargeability targets beneath or near known mineralization at both Cuba and the South Gold Zones. (News Release, September 2, 2026).
The 500 m level plan of chargeability patterns below the Cuba area and 300 m level plan near the South Gold Zone area are displayed in Figure 1 with horizontal projections of completed diamond drill holes. The proposed diamond drill holes are normally inclined to 55 degrees and are projected to surface. The planned drill holes may vary to steeper inclinations to cross the chargeability anomalies and to explore the copper plus gold potential associated with the chargeability anomalies and near surface zones of mineralization.
The chargeability highs or anomalies are more than 12 ms (milli seconds) beneath the southern part of the Cuba zone measures about 500 m east-west and up to 200 m north-south. The high strengthens from about 425 m to 500m level plans. This is the maximum depth of the Volterra survey that was completed earlier this year.
The chargeability high at the 300m level plan occurs north and deeper than the South Gold Zone mineralization and both have similar size and geometry (Figure 1). The proposed hole will cross sporadic copper and gold mineralization noted in previously excavated trenches is expected to intersect the chargeability at depths well below the South Gold Zone mineralization to the south.
Figure 1: Proposed Diamond Drill Holes; the 2 holes in the Cuba Zones target chargeability highs (more than 12 ms) at 500 m depth while the 1 hole in the South Gold Zone targets a chargeability high (more than 12 ms) at 300 m.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/319200_c5c5dd7224a6b850_002full.jpg
Cuba Zone:
Two holes are planned to intersect the large deep (>12 ms) chargeability anomaly.
Hole CG1 is collared in the west and north of the Cuba Zone and drilled south towards the chargeability high (Figures 1 and 2). The hole will drill beneath several high-grade drill intersections reported earlier (See News Releases May 25, 2010, March 12, 2012, January 3, 2018).
- DDH 10-19: 0.23% copper & 0.13 g/t gold over 24.4 m (66.14 m to 90.53 m & End of Hole)
- DDH 12-21: 0.96% copper & 0.55 g/t gold over 100.4 m (10.06 m to 110.45 m)
- DDH 17-29: 0.93% copper & 0.26 g/t gold over 27.0 m (8.0 m to 35.0 m) plus 0.16% copper and 0.51 g/t gold over 21.0 m (77.0 m to 98.0 m)
The hole will be drilled south into the western end of the deep chargeability high at about 440 m and continue within the chargeability high for an estimated total length of more than 690 m to reach below the model chargeability high at 500 m below surface.
Hole C2 will be collared south of the southeast portion of the Cuba zone drilled toward the northeast to drill the deep chargeability target below the Cuba mineralization. A wide zone of strong albite-sericite-pyrite alteration and potassic alteration assemblages was intersected in DDH 71 at more than 180m depth below surface and may be spatially related to the deeper large chargeability anomaly.
Hole C2 will be drilled well below and beneath several intersection previously reportoward the northeast underneath several long mineralized intersections previously reported (See News Releases March 12, 2012, September 17, 2018).
- DDH 12-27: 0.23% copper & 0.21 g/t gold over 76.2 m (20.4 m to 96.6 m)
- DDH 18-31: 0.06% copper & 0.11 g/t gold over 62.0 m (21.0 m to 83.0 m) & 0.011% copper and 0.07 g/t gold over 99.0 m (122.0 m to 221.0 m)
- DDH 18-32: 0.14% copper & 0.15 g/t gold over 129.0 m (14.0 m to 3143 m)
- DDH 18-33: 0.36% copper & 0.07 g/t gold over 45.0 m (14.0 m to 3143 m)
Hole C2 is expected to intersect the chargeability high at about 600 m or about 500 m vertical below surface.
Figure 2: Proposed Cuba Zone Diamond Drill Holes DDH-CG1 and DDH-C2 plotted in relation to the completed DDH and the chargeability high (more than12 ms), all projected to a west viewing section.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/319200_c5c5dd7224a6b850_003full.jpg
South Gold Zone
Hole A is collared northwest of the South Gold Zone directed southeast toward a medium depth chargeability high. Based on copper mineralization identified in trench sampling and historic DDH holes dating back to 1963 (several samples >0.1% copper) it is suspected that the chargeability high might be associated with deeper porphyry copper mineralization.
The hole will pass in the vicinity of several mineralized holes previously reported (See News Releases August 11, 2021and January 31, 2022):
- DDH 21-49: 0.61 g/t gold, 0.41 g/t silver & 0.02% copper & over 56.9 m (23.0 m to 79.9 m)
- DDH 21-53: 0.16 g/t gold, 0.27 g/t silver & 0.01% copper & over 82.2 m (3.1 m to 85.3 m)
- DDH 21-56: 0.13 g/t gold, 0.27 g/t silver & 0.01% copper & over 53.7 m (5.5 m to 59.2 m)
- DDH 21-57: 0.34 g/t gold, 0.35 g/t silver & 0.01% copper & over 59.65m (42.65 m to 102.30 m))
Figure 3: Proposed South Gold Zone Diamond Drill Hole-A in relation to the completed DDH and the chargeability high (more than 12 ms), all projected to an east viewing section.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/319200_c5c5dd7224a6b850_004full.jpg
Quality Assurance / Quality Control
Control samples comprising certified reference samples, duplicates, and blank samples are systematically inserted into the sample stream and analyzed as part of the Company's quality assurance / quality control protocol for the fall-winter drilling exploration program. The Company also regularly sends for check assays to another laboratory as part of the quality assurance and quality control protocol.
This news release was reviewed and approved by Tor Bruland, P.Geo., who is a Qualified Person under the definitions established by NI 43-101, and is a Non-Independent Consulting Geologist commissioned by Sego Resources Inc.
About the Project:
Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The Miner Mountain Project combines alkalic porphyry copper-gold mineralization in the Cuba Zone and the elevated gold with variable copper content mineralization in the Southern Gold Zone (considered a distal alkalic copper-gold porphyry mineralization).
The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of Excellence for its reclamation work at Miner Mountain.
For further information please contact:
J. Paul Stevenson, CEO (604) 682-2933ceo@segoresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319200
Global policymakers are zeroing in on critical minerals, with the US Treasury urging the World Bank to boost support for deep sea mining projects. That spotlight on supply security puts Australian rare earth producers in a powerful position as clean energy and defense demand stays in focus. This article walks through three Australian rare earth metal stocks from our screener that could help you build targeted exposure to this theme.
The three rare earth metal stocks below are just a sample, with our full screen surfacing 11 more Australian and global producers that carry equally interesting narratives around supply chains, technology exposure and policy risks. To identify and analyze the highest conviction rare earth ideas for your watchlist, head straight to the Rare Earth Metal Stocks screener.
Arafura Rare Earths is a pure-play developer on the rare earth metals theme, with the Nolans project aimed at supplying NdPr and other key oxides into high-tech, defense, and EV supply chains. The business currently has no operating revenue and carries a market cap of about A$911 million.
Arafura Rare Earths gives you direct exposure to the race for independent magnet metals, with Nolans designed to produce NdPr and other rare earth oxides that feed into clean energy and defense technologies rather than broad commodity markets.
Global efforts to diversify rare earth supply away from China, which currently provides nearly 90% of supply, are supporting interest in ex-China projects and can influence long-term NdPr pricing and revenue potential.
What happens to future margins if one key input to Arafura Rare Earths’ long-term pricing assumptions shifts in the wrong direction?
If that pricing pressure is on your mind, read the full narrative for Arafura Rare Earths to see how supply risk, capital needs, and execution could be accelerating or stalling the story.
ASX:ARU Earnings & Revenue Growth as at Oct 2026 Lindian Resources (ASX:LIN)
Lindian Resources is a Perth based explorer focused on gold, bauxite, and rare earths, with its 100% owned Kangankunde Rare Earths project in Malawi giving direct exposure to REE concentrates. The business has no current operating revenue and carries a market cap of about A$786 million.
Lindian Resources plugs directly into the rare earth metals story through Kangankunde, targeting REE concentrates used in high tech devices, defense systems, and EV motors. The company is currently in an early, loss making development phase with tight funding that could shift quickly if one unseen pressure breaks the wrong way.
If that unseen pressure worries you, take a look at the 1 key reward and 3 important warning signs (2 are major!) to see where Lindian Resources could be masking both fragility and upside potential.
ASX:LIN Earnings & Revenue Growth as at Oct 2026 Lynas Rare Earths (ASX:LYC)
Lynas Rare Earths is already a key operator in the magnet metals race, mining and processing rare earths for EV motors, wind turbines, and defense applications from its Mt Weld hub and associated plants, with A$978 million in Rare Earth Operations revenue and a market value around A$11.6b.
For rare earth exposure anchored in an existing production base rather than early stage exploration, Lynas Rare Earths provides direct access to NdPr and other key oxides that are central to the clean energy and defense supply push.
Advancing the acquisition of the Caldeira ionic clay project in Brazil, which roughly doubles the mineral resource base and adds significant NdPr and DyTb feedstock, is intended to position Lynas Rare Earths to increase future ex China supply of both light and heavy rare earths.
What happens to future pricing power and profitability if one crucial assumption behind that enlarged resource and processing rollout shifts in the wrong direction?
That hinges on whether Lynas Rare Earths is accelerating a durable moat or masking new vulnerabilities, and the full narrative for Lynas Rare Earths explains how those forces could reshape the thesis.
ASX:LYC Earnings & Revenue Growth as at Oct 2026 Seeking Fresh Alternatives Before They Fly
Some of the most interesting themes move quietly at first, then momentum can build and prices may rise while many investors arrive late. Scan new ideas before the crowd catches on so you can review them earlier in the process.
- Look for earlier movers with solid balance sheets by running the list of solid balance sheet and fundamentals (12 results) to identify financially resilient businesses before short-term traders take notice.
- Explore potential income-oriented candidates by checking the 3 dividend fortresses to find higher-yielding payers that may still be less widely followed.
- Monitor developments in tech infrastructure by using the 92 AI infrastructure stocks to focus on companies that support AI capacity as that area evolves.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Low-capital restart using the existing PL mill: US$53 million pre-production capital, 0.7-year payback and 622,000 ounces of gold over a 10-year mine life, with first gold in 2028
PEA Highlights (base case US$3,000/oz gold; all figures in US dollars, after tax unless stated)
- Robust economics at a conservative base-case gold price: after-tax net present value at a 5% discount rate ("NPV5%") of US$180.6 million, after-tax internal rate of return ("IRR") of 111% and payback of 0.7 years from the start of production at US$3,000/oz gold, the same price used for the 2026 Mineral Resource Estimate.
- Strong leverage to gold price: after-tax NPV5% of US$310.8 million (IRR 152%) at US$3,500/oz and US$438.9 million (IRR 187%) at a US$4,000/oz long-term price.
- Low pre-production capital of US$53.4 million (2026-2027, including a 15% contingency), reflecting the refurbishment of the existing PL mill and site infrastructure; total LOM capital of US$120.9 million including sustaining capital and closure.
- 621.5 thousand ounces ("koz") of recovered gold over a 10-year mine life (2028-2037), averaging 62.2 koz per year, with 165.4 koz in the first two years from high-grade open pits (plant head grade 4.9 g/t Au in 2028-2029) and peak production of 91.6 koz in 2029.
- LOM all-in sustaining cost ("AISC")¹ of US$2,288/oz and total cash cost¹ of US$2,183/oz.
- LOM after-tax free cash flow¹ of US$247.6 million at US$3,000/oz, US$427.7 million at US$3,500/oz and US$604.9 million at US$4,000/oz.
- Phased development: open-pit mining in 2028-2030 followed by underground mining from mid-2028, with the underground supplying all mill feed from 2031.
¹ Non-GAAP measure – see "Non-GAAP Financial Measures" below.
Toronto, Ontario–(Newsfile Corp. – October 14, 2026) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), an advanced development-stage gold company focused on the restart and expansion of its 100%-owned PL Gold Mine in central Manitoba, is pleased to announce the results of the Preliminary Economic Assessment ("PEA") for the restart of the PL Gold Mine (the "Project"). The PEA was prepared by A&B Global Mining (Pty) Ltd. ("ABGM") under the supervision of Nicholas Ross King, BSc (Hons) Geology, GDE (Mining Engineering), Pr.Sci Nat. in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and is based on the 2026 Mineral Resource Estimate ("2026 MRE") announced on September 10, 2026. Unless otherwise stated, all currencies in this news release are in United States dollars and all results are after tax at a 5% real discount rate.
The PEA outlines a combined open-pit and underground operation that re-uses the existing processing plant at the past-producing PL mine site. Initial production is sourced from the high-grade open pits, with processing increasing from 492,000 tonnes in 2028 to 720,000 tonnes per year (approximately 2,000 tonnes per day) from 2029, followed by a transition to underground mining. Readers are cautioned that no production decision has been made. Any such decision would depend on further work, including the completion of a feasibility study, and on financing and permitting.
Gord Glenn, President and CEO of Minnova, commented: "This PEA confirms what we have believed about the PL Gold Mine: a high-grade open pit start, an existing mill and infrastructure, and a modest capital requirement combine to deliver a short payback and strong returns at a conservative US$3,000 gold price. With an after-tax NPV of US$181 million at US$3,000/oz, rising to US$439 million at US$4,000/oz, the PEA demonstrates the project's current value proposition, while drilling continues to grow the resource beneath the pits and at the satellite Nokomis deposit. The restart of the PL Gold Mine aligns with Premiere Wab Kinew's goals to triple mine production in the province of Manitoba. We believe its planned restart will create significant long-term economic opportunities for local communities and, the Northwest Territories and Canada. With 124.65 million shares outstanding and 163.78 million shares fully diluted, Minnova's tight capital structure offers substantial leverage to the Project's after-tax NPV of US$181 million at US$3,000/oz gold and US$439 million at US$4,000/oz gold."
Project Economics
Table 1 summarises the key results for the base case (US$3,000/oz) and two alternative gold price cases (US$3,500/oz and a long-term US$4,000/oz). Physical quantities, operating costs and capital costs are the same in all three cases.
Table 1 – Key economic results by gold price case
| Parameter | Base CaseUS$3,000/oz | Alternative CaseUS$3,500/oz | Higher Price Sensitivity CaseUS$4,000/oz |
| Valuation (after tax unless stated) | |||
| After-tax NPV @ 5% (US$M) | 180.6 | 310.8 | 438.9 |
| After-tax NPV @ 8% (US$M) | 151.4 | 260.1 | 367.2 |
| After-tax IRR | 111.0% | 151.6% | 187.5% |
| After-tax payback from start of production (years) | 0.68 | 0.54 | 0.45 |
| Pre-tax NPV @ 5% (US$M) | 283.4 | 500.2 | 717.0 |
| Pre-tax IRR | 143.1% | 201.8% | 254.6% |
| LOM after-tax free cash flow¹ (US$M) | 247.6 | 427.7 | 604.9 |
| LOM taxes (US$M) | 139.6 | 259.4 | 382.1 |
| Production and cost | |||
| LOM recovered gold (koz) | 621.5 | 621.5 | 621.5 |
| LOM total operating cost (US$M) | 1,280.8 | 1,280.8 | 1,280.8 |
| Total cash cost¹ (US$/oz) | 2,183 | n/r | n/r |
| AISC¹ (US$/oz) | 2,288 | 2,305 | 2,323 |
| Pre-production capital, 2026-2027 (US$M) | 53.4 | 53.4 | 53.4 |
| Total LOM capital incl. sustaining and closure (US$M) | 120.9 | 120.9 | 120.9 |
All values real (unescalated) US$, 100% equity basis, CAD:USD 0.74. NPV discounted to the start of 2026 using end-of-year discounting. Payback measured from the start of production in 2028. AISC rises slightly with gold price because the 3% royalty is revenue-linked. n/r = not reported. ¹ Non-GAAP measure.
Note on IRR: the after-tax IRR exceeds 100% in all three price cases. This reflects the low pre-production capital of US$53.4 million – the Project re-uses and refurbishes the existing PL mill and site infrastructure – relative to the cash flow of the high-grade open-pit years. With a small, short initial investment, IRR is very sensitive to the timing of pre-production spending and should be read together with NPV.
Figure 1: After-tax NPV5%, IRR and LOM free cash flow by gold price case
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/319014_0a4eaeb564451948_001full.jpg
Production Profile
Table 2 – Production summary
| Parameter | Open pit | Underground | Total LOM |
| Ore mined and processed (Mt) | 1.76 | 4.74 | 6.50 |
| Waste mined (Mt) | 36.9 | 3.42 | 40.3 |
| Strip ratio (waste : ore) | 21:1 | – | – |
| Recovered gold (koz) | 212.0 | 409.4 | 621.5 |
| Mining period | 2028-2030 | 2028-2037 | 2028-2037 |
| Average plant head grade (g/t Au) | 4.68 | 2.80 | 3.30 |
| Metallurgical recovery (design) | 90% | 90% | 90% |
| Average annual gold production, 2028-2037 (koz) | – | – | 62.2 |
Source: PEA financial model (Production Schedule, Economic Summary rows 76-82). Head grade is for combined plant feed.
The Project is planned to commence production in 2028, with initial mill feed sourced from high-grade open-pit mining. Underground mining is expected to commence in mid-2028 and operate concurrently with open-pit mining through 2030. From 2031, underground mining is planned to supply all mill feed through the end of the current LOM production schedule in 2037.
Figure 2: Annual recovered gold by source (koz) and plant head grade (g/t Au)
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/319014_0a4eaeb564451948_002full.jpg
Figure 3: Annual and cumulative free cash flow, base case US$3,000/oz (US$M)
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/319014_0a4eaeb564451948_003full.jpg
Capital Costs
Pre-production capital is estimated at US$53.4 million over 2026-2027, including a 15% contingency of US$7.0 million. The main items are refurbishment of the mill electrical and mechanical systems (US$20.0 million), open-pit pre-strip (US$9.4 million), camp construction, water handling, tailings construction and the 2 MW genset. Sustaining capital of US$62.9 million includes the 2028 mill upgrade (tertiary crushing, mills and gravity, US$10.0 million), 5 MW and 9 MW gensets for site power before grid connection, the 2030 ventilation shafts and fans (US$15.0 million), and a 3% annual sustaining allowance. Mining is by contractors, so no owner mining fleet capital is required.
Table 3 – Capital cost summary (US$M)
| Category | Pre-production 2026-2027 | 2028 | 2029-2038 | LOM total |
| Initial – direct (incl. open-pit pre-strip) | 40.9 | 2.0 | – | 42.9 |
| Initial – contingency (15%) | 7.0 | – | – | 7.0 |
| Pre-production studies, owner's costs, approvals | 5.5 | – | – | 5.5 |
| Total initial (non-sustaining) capital | 53.4 | 2.0 | – | 55.4 |
| Sustaining capital | – | 29.9 | 18.0 | 47.9 |
| Sustaining – 3% annual allowance | – | 1.5 | 13.5 | 15.0 |
| Closure and reclamation | – | – | 2.6 | 2.6 |
| Total capital | 53.4 | 33.4 | 34.1 | 120.9 |
Totals may not add due to rounding.
Operating Costs
Open-pit mining costs are based on the pit optimisation (US$5.48/t waste and US$6.70/t ore, including diesel). Underground mining is by contractor at US$82.05/t ore and US$72.44/t development waste, with diesel supplied by the owner. Processing is costed at US$28.13/t milled including power and G&A at US$10.60/t milled. Site power is provided by LNG-fuelled gensets for the first three years and by grid power from 2031.
Table 4 – LOM operating costs
| Area | US$M | US$/t | US$/oz recovered from source |
| Open pit (direct) | 217.1 | 123.58 /t OP ore | 1,024 |
| Underground (direct) | 726.5 | 153.18 /t UG ore | 1,774 |
| Processing (incl. mill power) | 182.8 | 28.13 /t milled | – |
| Shared site, G&A, camp, community and other | 154.4 | 23.76 /t milled | – |
| Total operating cost | 1,280.8 | 197.08 /t milled | 2,061 |
Table 5 – LOM cash costs and AISC, base case (US$/oz sold)
| Component | US$/oz |
| Total operating cost | 2,061 |
| Refining, transport and selling | 32 |
| Royalty (3% of gross revenue) | 90 |
| Total cash cost¹ | 2,183 |
| Sustaining capital and closure | 105 |
| AISC¹ | 2,288 |
| Non-sustaining capital | 89 |
| All-in cost (AIC)¹ | 2,377 |
Per ounce sold, World Gold Council basis. No corporate G&A allocated; no by-product credits. ¹ Non-GAAP measure.
Taxes
The economic analysis includes Manitoba mining tax (graduated rates of 10% to 17% on mining profit, with a new-mine holiday until capital is recovered) and federal (15%) and Manitoba (12%) corporate income tax, using the Company's existing tax pools (C$16.4 million CEE/CCA pool and C$4.9 million non-capital losses). LOM taxes total US$139.6 million at US$3,000/oz (Manitoba mining tax US$53.0 million; federal and Manitoba income tax US$86.6 million), US$259.4 million at US$3,500/oz and US$382.1 million at US$4,000/oz.
Sensitivity Analysis
The after-tax NPV5% and IRR were tested for changes of ±10% and ±20% in gold price, recovered gold (head grade/recovery), operating costs and capital costs, one variable at a time. The Project is most sensitive to gold price and recovered grade, followed by operating cost, and is relatively insensitive to capital cost.
Table 6 – After-tax sensitivity to key variables (change from base case)
| Variable | -20% | -10% | Base | +10% | +20% |
| After-tax NPV @ 5% (US$M) | |||||
| Gold price | 5.0 | 96.7 | 180.6 | 257.2 | 336.3 |
| Recovered gold (grade / recovery) | 7.3 | 97.6 | 180.6 | 256.3 | 334.8 |
| Operating cost | 288.0 | 234.0 | 180.6 | 122.1 | 60.5 |
| Capital cost | 192.6 | 186.3 | 180.6 | 173.8 | 167.0 |
| After-tax IRR | |||||
| Gold price | 28% | 79% | 111% | 136% | 159% |
| Recovered gold (grade / recovery) | 30% | 80% | 111% | 135% | 159% |
| Operating cost | 136% | 123% | 111% | 95% | 75% |
| Capital cost | 141% | 124% | 111% | 99% | 88% |
For cost variables, "+" is a cost increase. The +10% and +20% recovered-gold cases are a head-grade proxy.
Figure 4: After-tax NPV5% sensitivity (US$M)
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/319014_0a4eaeb564451948_004full.jpg
Table 7 – After-tax sensitivity to gold price
| Gold price (US$/oz) | 2,500 | 2,750 | 3,000 (base) | 3,250 | 3,500 | 3,750 | 4,000 | 4,250 | 4,500 |
| After-tax NPV @ 5% (US$M) | 39 | 111 | 181 | 244 | 311 | 374 | 439 | 504 | 569 |
| After-tax IRR | 52% | 85% | 111% | 131% | 152% | 169% | 187% | 205% | 222% |
| Payback (years) | 1.09 | 0.81 | 0.68 | 0.61 | 0.54 | 0.49 | 0.45 | 0.41 | 0.38 |
| LOM after-tax FCF (US$M) | 52 | 151 | 248 | 335 | 428 | 515 | 605 | 695 | 784 |
Figure 5: After-tax NPV and IRR versus gold price
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/319014_0a4eaeb564451948_005full.jpg
Mineral Resource Estimate
The PEA is based on the 2026 MRE for the PL Gold Mine prepared by A&B Global Mining ("ABGM") under the supervision of Nicholas Ross King, BSc (Hons) Geology, GDE (Mining Engineering), Pr.Sci.Nat., as announced on September 10, 2026 and summarised in Table 8. The 2026 MRE uses a gold price of US$3,000/oz.
Table 8 – PL Gold Deposit Mineral Resource Estimate (effective date September 10, 2026)
| Category | Tonnes | Au grade (g/t) | Contained Au (oz) |
| PL Deposit – Open Pit: cut-off grade 0.60 g/t Au | |||
| Measured | 1,288,360 | 5.35 | 221,575 |
| Indicated | 289,750 | 4.99 | 46,516 |
| Measured & Indicated | 1,578,110 | 5.28 | 268,091 |
| Inferred | 118,689 | 5.75 | 21,955 |
| PL Deposit – Underground: cut-off grades 1.92 g/t and 1.43 g/t Au | |||
| Measured | 1,343,678 | 5.06 | 218,603 |
| Indicated | 835,239 | 4.26 | 114,464 |
| Measured & Indicated | 2,178,916 | 4.75 | 333,066 |
| Inferred | 1,548,443 | 3.63 | 180,855 |
| PL Deposit – Open Pit and Underground: cut-off grades 0.60 g/t, 1.92 g/t and 1.43 g/t Au | |||
| Measured | 2,632,038 | 5.20 | 440,178 |
| Indicated | 1,124,989 | 4.45 | 160,980 |
| Measured & Indicated | 3,757,026 | 4.98 | 601,158 |
| Inferred | 1,667,132 | 3.78 | 202,810 |
1. Mineral Resources are reported in accordance with the 2014 CIM Definition Standards. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.2. Open-pit Mineral Resources: cut-off grade of 0.60 g/t Au based on mining costs of US$6.70/t ore and US$5.48/t waste, processing costs of US$29.25/t, G&A of US$12.60/t, metallurgical recovery of 90% and a gold price of US$3,000/oz, constrained by an optimised pit shell to demonstrate reasonable prospects for eventual economic extraction (RPEEE).3. Underground Mineral Resources: cut-off grade of 1.92 g/t Au for economic mineralisation within MSO shapes and 1.43 g/t Au for marginal mineralisation, based on mining costs of US$78/t, processing costs of US$29.25/t, G&A of US$12.60/t, metallurgical recovery of 90% and a gold price of US$3,000/oz.4. Mineral Resources are in-situ, incorporate a 3% geological loss and exclude mining recovery and dilution factors.5. The effective date of the 2026 MRE is September 10, 2026. The QPs are Nicholas Ross King for the Mineral Resource Estimate and Ettienne Jaques Oosthuizen for the geological model. Numbers may not sum due to rounding.
The PEA plant feed and recovered gold are derived from Measured, Indicated and Inferred Mineral Resources in the proportions specified in the PEA, after accounting for the applicable mining dilution and mining recovery assumptions.
PEA Cautionary Statement: The PEA is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The PEA is not a pre-feasibility or feasibility study, and no Mineral Reserves have been estimated. No production decision has been made, and any such decision would be made only after further studies, including a feasibility study, and financing and permitting.
Key Assumptions and Basis of the PEA
- Gold price: US$3,000/oz base case; US$3,500/oz and US$4,000/oz alternative cases (flat, real).
- Exchange rate CAD:USD 0.74; real (unescalated) US dollars; cost base date is 14 October 2026.
- Royalty 3% of gross revenue, refining, transport and selling US$31.68/oz;
- Pre-production 2026-2027; production 2028-2037; closure 2038. 100% equity; no working capital or salvage value modelled.
- Capital and operating cost estimates are at the PEA level, with an expected accuracy range of approximately ±30% to ±50%.
Next Steps
- Update the 2026 MRE with outstanding assays from the 2025-2026 drill program and resampling, as part of the planned Pre-Feasibility Study.
- Advance metallurgical test work, including ore sorting of lower-grade material and modern gravity recovery.
- Obtain firm contractor pricing for open-pit and underground mining; advance power supply (LNG and grid connection) arrangements.
- Prepare a costed closure plan and complete a detailed tax review.
- Continue drilling of the down-dip extensions below 200 m and at the Nokomis satellite deposit.
- Advance permitting activities and continue engagement with local communities in support of the Project's ongoing development.
NI 43-101 Technical Report
A technical report prepared in accordance with NI 43-101 supporting the PEA will be filed on SEDAR+ (www.sedarplus.ca) and on the Company's website within 45 days of the date of this news release.
Qualified Persons
The scientific and technical information in this news release relating to the Preliminary Economic Assessment (PEA) has been reviewed and approved by the following independent Qualified Persons of A&B Global (Pty) Ltd., South Africa, as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Each Qualified Person is responsible for the corresponding sections of the PEA:
- Ettienne Jaques Oosthuizen, Principal Mining Consultant, B. Tech. (Mining Engineering) – mining methods, mine plan, capital and operating costs
- Ettienne Jaques Oosthuizen, Principal Mining Consultant – economic analysis
- Gordon Ian Cunningham, Associate Principal Process Engineer, B. Eng. (Chemical Engineering) – metallurgy and recovery methods
- Nicholas Ross King, BSc (Hons) Geology, GDE (Mining Engineering) – 2026 Mineral Resource Estimate
Non-GAAP Financial Measures
This news release refers to total cash cost, AISC, all-in cost (AIC) and free cash flow, which are non-GAAP financial measures or ratios. These measures have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Total cash cost per ounce comprises on-site mining, processing, G&A and community costs, refining, transport and selling costs and royalties, divided by payable ounces. AISC adds sustaining capital and closure costs; AIC adds non-sustaining capital. Free cash flow is net revenue, less operating costs, capital expenditures and taxes. As the Project is not in production, the prospective non-GAAP measures cannot be reconciled to the nearest comparable IFRS measures.
About Minnova Corp.
Minnova Corp. is a near-term gold producer focused on the restart and expansion of its 100%-owned PL Gold Mine in the prolific Flin Flon Greenstone Belt of central Manitoba. The Project is situated on a past-producing mine site and benefits from significant existing infrastructure, including a 1,000 tpd processing plant and a valid underground mining permit (Environment Act Licence 1207E). The 2026 Mineral Resource Estimate defines 601,158 ounces of Measured and Indicated gold resources at 4.98 g/t and 202,810 ounces of Inferred gold resources at 3.78 g/t, including one of Canada's highest-grade open-pit resources at over 5 g/t. The property is underexplored, with resource expansion potential at depth, along strike and at the Nokomis satellite deposit 7 km northeast of the PL mine site.
For more information please contact:
Minnova Corp.Gord Glenn, President & Chief Executive OfficerFor further information, please contact Investor Relations at: info@minnovacorp.caVisit our website at www.minnovacorp.ca
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the results of the PEA, including NPV, IRR, payback, production, grades, recoveries, capital and operating costs, AISC, cash flows and taxes; the timing of first production in 2028 and of the mine plan; the planned processing rate; the filing of the technical report; the planned Pre-Feasibility Study, drilling, test work and resource updates; and management's assessment of future plans and operations. Forward-looking information is based on assumptions, including gold prices, exchange rates, costs, the availability of financing, permits, power, labour and contractors, and the accuracy of Mineral Resource estimates and PEA assumptions, and involves risks associated with mining exploration and development, volatility of prices, currency fluctuations, uncertainties inherent in Mineral Resource estimates and preliminary economic assessments, environmental and permitting risks, access to labour and services, competition from other companies and the ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated. A feasibility study has not been completed and there is no certainty that the development objectives will be achieved or that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION INTO THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319014
Albemarle Corporation ALB remains committed to paying down debt and strengthening its balance sheet. The company paid down $1.3 billion of outstanding debt in March 2026, reducing annual interest expense by roughly $60 million. This followed the successful divestments of the controlling stake in Ketjen and its 50% interest in the Eurecat joint venture, which together generated $670 million in pre-tax proceeds. ALB’s total long-term debt was roughly $1.88 billion at the end of the second quarter, down from $3.19 billion at the end of 2025. The company ended the quarter with a net debt-to-EBITDA leverage ratio of 0.5x compared with 1x at the end of the sequentially prior quarter. It has no major maturities due until late 2028. At the end of the second quarter, ALB had liquidity of around $3.2 billion, including cash and cash equivalents of around $1.6 billion. Its deleveraging efforts are expected to continue to result in improved balance sheet and financial flexibility while reducing interest expenses. Factoring in the debt reduction actions completed in the first quarter of 2026, ALB sees interest and financing expense to be in the band of $120-$140 million for 2026. Among its peers, Sociedad Quimica y Minera de Chile S.A. SQM exited the second quarter with long-term debt of around $4.79 billion. It had strong liquidity, with cash and cash equivalents of around $3.4 billion. Sociedad Quimica, in early December 2025, issued a hybrid bond for roughly $430 million to refinance debt and fund its investment plan. ICL Group Ltd. ICL ended the second quarter with outstanding net debt of roughly $2.64 billion, up $375 million from the end of 2025. Including unutilized revolving credit facility and securitization, ICL Group had cash resources of $2.2 billion at the end of the quarter. ICL completed a private offering of $800 million senior notes due 2036 and plans to use part of the net proceeds from the offering for the repayment, in part or in full, of outstanding borrowings under its revolving credit facility maturing in April 2030, and to repay other debt.
ALB’s Price Performance, Valuation & Estimates
Albemarle has gained 15.3% over a year compared with the Zacks Chemical – Diversified industry’s decline of 3.3%.
Image Source: Zacks Investment Research
ALB is currently trading at a forward price-to-sales ratio of 1.96, above the industry. It carries a Value Score of B.
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The Zacks Consensus Estimate for ALB’s 2026 earnings implies a year-over-year rise of 1,541.8%. The EPS estimates for 2026 have been trending lower over the past 60 days.
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ALB stock currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Albemarle Corporation (ALB) : Free Stock Analysis Report
Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
Toronto, Ontario–(Newsfile Corp. – October 6, 2026) – Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending September 30, 2026.
Table 1: Olive's Investment Portfolio
| Name | Ticker | Sector | Category | (Audited) Value | (Unaudited) Value | (Unaudited) Value |
| Dec 31, 2025(1) | Aug 31, 2026(1) | Sep 30, 2026(1) | ||||
| Omai Gold Mines Corp.(2) | OMG.v | Precious Metals | Public Equity | $3,504,200 | $6,657,980 | $5,556,660 |
| Black Sheep Ventures Inc. | Private | Real Estate | Private Equity & Conv. Debenture | $1,527,912 | $1,524,625 | $1,527,913 |
| Cotec Holdings Corp. | CTH.v | Technology | Public Equity & Conv. Debenture | $402,454 | $819,809 | $815,679 |
| Canex Metals Inc. | CANX.v | Precious Metals | Public Equity | $264,450 | $399,900 | $690,800 |
| GeoPark Ltd. | GPRK | Oil & Gas | Public Equity | $203,123 | $640,609 | $667,191 |
| Goldsky Resources Corp. (inc. Warrants) | GSKR.v | Precious Metals | Public Equity | $296,829 | $726,360 | $629,250 |
| ERO Copper Corp. | ERO | Base Metals | Public Equity | $248,155 | $577,584 | $585,536 |
| Bravo Mining Corp. | BRVO.v | Precious Metals | Public Equity | $601,250 | $633,080 | $573,270 |
| Sun Valley Minerals Inc.(2) | Private | Precious Metals | Private Equity | $375,000 | $562,500 | $562,500 |
| Aquitaine Metals Corp. | Private | Precious Metals | Private Equity | $318,198 | $510,752 | $510,752 |
| Other Public Equity Liquid Investments and Cash Equivalents (3) | $2,397,130 | $5,578,891 | $5,220,554 | |||
| Other Public Equity Fundamental Investments Incl. Warrants (4) | $5,565,524 | $3,625,308 | $3,309,549 | |||
| Other Private Equity, Loans, & Conv. Debenture Investments | $768,983 | $1,038,356 | $749,850 | |||
| Total | $16,473,208(5) | $23,295,754(5) | $21,399,503(5) | |||
Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "September was a complete reversal of the performance posted by the sector in August. The U.S. dollar rallied as yields on U.S. debt increased. Commodities were volatile, with some posting advances while others declined. The natural resources equities, however, declined across the board as negative investor sentiment and increased volatility decreased risk appetite. At Olive we continue to be active in deploying capital in companies we consider having near-term tangible catalysts."
Derek Macpherson, the Company's Executive Chairman stated: "September was a challenging month for gold equities with some of the best performing stocks from the past year, seeing some of the largest declines. Management's longer-term view for commodities and the underlying equities remains intact and views this shorter-term volatility as an opportunity. Olive's above average cash position has it well positioned to take advantage of this weakness and to strengthen the portfolio."
Normal Course Issuer Bid ("NCIB")
During the month of September, the Company's NCIB expired. The Company cancelled 4,046,000 common shares previously held in treasury.
As of the date of this release Olive Resource Capital Inc. has 132,417,754 common shares outstanding inclusive of the shares in treasury pending cancellation.
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive 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. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/317624
DENVER, CO / ACCESS Newswire / October 5, 2026 / Solitario Resources Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to report President and CEO Chris Herald will provide a live webcast presentation at the John Tumazos Very Independent Research, LLC virtual conference on Tuesday, October 6th, 2026, at 12:15 pm EST. Mr. Herald plans to review Solitario's property portfolio, including its Golden Crest gold project, Florida Canyon and Lik advanced zinc projects, and its two critical metals projects, Cat Creek (Cu/Mo/Re) and Bright Angel (Au/Cu). Chris Herald stated: "I enjoy presenting at John Tumazos's virtual conference as it provides an extended time format to go deeper into our property portfolio than is typical at most conferences." To access the live presentation, please register in advance here.
About SolitarioSolitario is a natural resource exploration company focused on high-potential Tier-1 gold, copper, zinc and critical metals (molybdenum and rhenium) projects. Solitario's 100%-owned Golden Crest properties in South Dakota constitute strategic land holdings (25,150 acres) along the western and southwestern extensions of the Homestake-Wharf mining district that has produced approximately 52 million ounces of gold.
In addition to its Golden Crest project, Solitario holds a 100% interest in the Cat Creek copper-molybdenum-rhenium project where drilling is being conducted; and the Bright Angel copper-gold project where drillhole permitting is nearing completion. Both projects are located in Colorado. Solitario also has a 50% joint venture interest (Teck Resources 50%) in the high-grade Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources 61%) in the high-grade Florida Canyon zinc project in Peru. Both Florida Canyon and Lik represent advanced exploration projects with over $110 million spent collectively on the properties. Solitario is carried to production on its Florida Canyon project through its joint venture arrangement with Nexa.
The Company is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario's Management and Directors hold approximately 7.7% interest in the Company (excluding options) and Newmont Corporation, Solitario's largest shareholder, owns 9.4% of the Company's 94.6 million shares outstanding. Solitario's cash position stands at approximately US$7.0 million. Additional information about Solitario is available online at www.solitarioresources.com.
For More Information Please Contact:Chris HeraldPresident & CEO303-534-1030; ext. 1
SOURCE: Solitario Resources Corp.
View the original press release on ACCESS Newswire
Australia’s inflation rate recently reached 4% in August, with higher housing and transport costs reminding investors how tightly resource security and prices are linked. Rare earth miners sit in the crosshairs of this debate, feeding everything from electric vehicles to advanced defence systems. This article walks through three Australian rare earth metal stocks from our screener that give you direct exposure to this theme in a clear, stock by stock format.
The three rare earth metal stocks highlighted below are a useful starting sample, but the full screen surfaced 13 more companies with equally compelling narratives that are not covered in this article.
If you want to identify potential high-conviction opportunities across the wider rare earth space, head straight to the Rare Earth Metal Stocks screener.
Minerals 260 is a Perth based explorer focusing on gold, palladium, nickel, copper and rare earth elements, with its Moora project in Western Australia giving direct exposure to the rare earth theme. The group has a market value of about A$1.99b.
Minerals 260 gives direct leverage to rare earth exploration through the Moora project in the Julimar province, which ties neatly into the race to secure supplies for electric vehicles, defence gear and other high tech uses. Investors are effectively backing how this early stage rare earth search reshapes the value of a business already funded for broader resource growth, depending on how one unseen pressure plays out.
That hidden variable is exactly what you will see unpacked in the 2 key rewards and 1 important major warning sign, including what might accelerate or stall the Minerals 260 story.
ASX:MI6 1-Year Stock Price Chart Arafura Rare Earths (ASX:ARU)
Arafura Rare Earths is a Perth headquartered developer working on the Nolans rare earths project in Australia’s Northern Territory, targeting future production of neodymium praseodymium and other rare earth oxides for electric vehicles, magnets and advanced tech, with a market value of about A$1.06b.
Arafura Rare Earths gives you exposure to the race for secure rare earth supply through Nolans, a project aimed at producing the magnet metals that clean energy and defence supply chains increasingly rely on.
"Growing electric vehicle adoption and the push for diversified magnet supply chains outside China are supporting long-term NdPr demand, which could help Arafura Rare Earths secure pricing that supports revenue and cash flow visibility over future contract periods."
What ultimately matters for investors is how one unresolved funding and execution hurdle shapes those future pricing and cash flow outcomes.
That funding unknown is exactly what the full narrative for Arafura Rare Earths unpacks, revealing how Nolans economics, contracts and execution risk could be decoupling from the headline demand story.
ARU Discounted Cash Flow as at Oct 2026 Lynas Rare Earths (ASX:LYC)
Lynas Rare Earths is a Perth based producer focused on mining and processing rare earths from its Mt Weld operation and downstream plants in Kalgoorlie and Malaysia, generating about A$978 million from Rare Earth Operations and carrying a market value near A$13.9b.
Lynas Rare Earths gives you direct exposure to rare earth mining and processing that feeds magnets for EVs, renewables and defence hardware. The real tension for investors is how durable that demand and policy support prove to be.
"Investors appear to expect sustained above-trend pricing and demand, largely based on the belief that Western governments' ongoing support for supply chain diversification and critical mineral security will continue to provide Lynas with long-term government-backed offtake agreements and pricing floors, driving higher future revenue and valuation multiples."
Everything comes down to how one future shift shapes the balance between pricing power, profit margins and the market’s patience with that premium.
When that shift hits, the full narrative for Lynas Rare Earths shows whether Lynas Rare Earths is quietly building resilience or letting policy support mask growing execution risk.
ASX:LYC 1-Year Stock Price Chart Seeking Alternatives Before The Crowd
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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.
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Vancouver, British Columbia–(Newsfile Corp. – September 29, 2026) – Stillwater Critical Minerals (TSXV: PGE) (OTCQB: PGEZF) – Stillwater Critical Minerals is advancing a large-scale Montana resource containing 10 minerals identified as critical by the United States. Its latest resource includes approximately 5 billion pounds of nickel, copper and cobalt and 7.7 million ounces of palladium, platinum, rhodium and gold, alongside continued support from strategic investor Glencore.
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Stillwater Critical Minerals (TSXV: PGE) (OTCQB: PGEZF)
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Reports the results of a third-stage satellite-based exploration at its Spor Mountain fluorspar project in Utah. Maps prepared for Ares by XMTS Resources show recurring interpreted anomalies across surveyed portions of the range and identify 49 preliminary target locations for follow-up work, including a cluster near existing mine infrastructure. Ares Strategic Mining Inc shares C.ARS are trading up one cent at $0.29.
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- Rock Tech broadens investor outreach and increases awareness of its growth strategy
- Rock Tech addresses previously underserved Canadian investor audience
TORONTO, Sept. 24, 2026 /CNW/ — Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce its participation in the Muskoka Capital Event, hosted by CEM (Capital Event Management Ltd.), taking place September 25–27, 2026 at the JW Marriott The Rosseau Muskoka Resort & Spa in Muskoka, Ontario.
The Muskoka Capital Event brings together companies from a diverse range of sectors and stages of development with a select group of institutional investors, portfolio managers, investment advisors, family offices, and high-net-worth investors from across North America. The event is structured around a series of pre-scheduled one-to-one meetings designed to facilitate direct dialogue and support the development of long-term capital relationships.
Rock Tech will participate in 18 scheduled, 20-minute meetings throughout the event, joining approximately 47 companies and over 55 investors for CEM's final Capital Event of 2026.
Rock Tech's participation in the upcoming conference is part of its continued efforts to engage with Canadian investor base and strengthen awareness of the Company's growth strategy. During the conference, Rock Tech will provide an update on the advancement of its Canadian mining project and processing plant, highlighting key development milestones, upcoming catalysts and initiatives aimed at further de-risking and advancing these projects, while outlining the Company's near- and medium-term priorities and potential value-creation opportunities.
For more information on the event, please visit cem.ca.
On behalf of the Company,Mirco WojnarowiczCEO
About Rock Tech Lithium
Rock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The Company's goal is to ensure the supply of high-quality, locally produced lithium – supporting a resilient, sustainable, and transparent value chain from mine to battery-grade material.
Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The Company's lithium converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 32,000 tonnes LCE per year) form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a Strategic Project under the EU Critical Raw Materials Act.
The raw materials for Rock Tech's converter projects are intended to be sourced exclusively from verifiably ESG-compliant suppliers. In Canada, Rock Tech relies, among other sources, on its wholly-owned Georgia Lake Project, which is intended to provide a stable and sustainable supply for the North American market and is being developed in close partnership with local Indigenous communities. By integrating recycled materials, the Company aims to close the local battery loop.
With its facilities, Rock Tech intends to contribute to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards. With its facilities, Rock Tech makes a central contribution to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards.
About CEM (Capital Event Management Ltd.)
Capital Event Management Ltd. connects high-quality public companies with a curated network of institutional and high-conviction investors through weekend events and structured one-to-one virtual meetings. Founded in 2010 and based in Vancouver, CEM supports more efficient capital formation and helps companies build meaningful, long-term relationships.
CEM also provides strategic advisory services and invests through its Partners' Fund, backing select opportunities emerging from its network.
For more information, visit cem.ca.LinkedIn | Instagram | X
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements.
In particular, this press release contains forward-looking information pertaining to Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects; and plans and objectives of management for the Company's operations and properties.
The forward-looking information in this news release is based on several key assumptions and material factors. The forward-looking information also assumes favorable market conditions for lithium. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements, including general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; changes in project plans; the risk that regulatory approvals may not be obtained on the anticipated timeline or at all; and risks, uncertainties and other factors discussed in the Company's public disclosure documents available under its profile on SEDAR+. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.
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- Siemens to develop a Digital Process Twin for Rock Tech's planned Red Rock Converter using results from ongoing Definitive Feasibility Study (DFS)
- Siemens to provide Rock Tech's DFS Project Team with specialized support for process control, instrumentation and automation architecture
- The Rock Tech–Siemens collaboration provides a concrete industrial example of how German engineering expertise and Canadian resources can jointly build resilient lithium supply chains for the G7
TORONTO, Sept. 22, 2026 /CNW/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it has signed agreements with Siemens Canada to advance the development of a Digital Twin and for Siemens to support Rock Tech's project team with the ongoing Definitive Feasibility Study ("DFS") for the planned Red Rock Lithium Converter in Ontario.
The agreements represent the first implementation phase under the strategic Memorandum of Understanding ("MOU") signed by the parties in March 2026. The MOU established a roadmap to bring advanced German lithium conversion expertise and industrial digitalization technology to Rock Tech's planned Red Rock Converter in Ontario.
The MoU includes the development and integration of Siemens Digital Twin technology, as well as the evaluation of additional Siemens solutions, services, and engineering support, with the goal of positioning the Red Rock Converter as a blueprint for future converters in Canada and allied markets. Siemens' Digital Twin technology creates a virtual, physics-based model of the plant's processes, energy flows, and material streams, enabling Rock Tech to test, optimize, and validate design choices, efficiency, emissions, and operational reliability before major capital is committed. While the first step is to implement a digital process twin, the Digital Twin technology will cover the entire project lifecycle: from the feasibility study through engineering and construction to operations. The parties will also evaluate the potential application of the cooperation to future projects in other G7 countries.
Siemens Canada will also support Rock Tech's project team by providing specialized support in Process Control, Instrumentation and Automation Architecture as part of the ongoing DFS for the Red Rock Converter. The DFS was launched at the end of June 2026 and is expected to be finalized by mid-December 2026.
The partnership with Siemens strengthens German-Canadian cooperation and supports Rock Tech's objective of establishing the Red Rock Converter as a strategic contributor to resilient G7 critical minerals supply chains. The Rock Tech–Siemens collaboration provides a concrete industrial example of how German engineering expertise and Canadian resources can jointly build resilient lithium supply chains for the G7.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
On behalf of the Company,Mirco WojnarowiczCEO
About Rock Tech Lithium
Rock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The Company's goal is to ensure the supply of high-quality, locally produced lithium – supporting a resilient, sustainable, and transparent value chain from mine to battery-grade material.
Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The Company's lithium converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 32,000 tonnes LCE per year) form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a Strategic Project under the EU Critical Raw Materials Act.
The raw materials for Rock Tech's converter projects are intended to be sourced exclusively from verifiably ESG-compliant suppliers. In Canada, Rock Tech relies, among other sources, on its wholly-owned Georgia Lake Project, which is intended to provide a stable and sustainable supply for the North American market and is being developed in close partnership with local Indigenous communities. By integrating recycled materials, the Company aims to close the local battery loop.
With its facilities, Rock Tech intends to contribute to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards. With its facilities, Rock Tech makes a central contribution to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements include, without limitation, statements regarding: the anticipated benefits of the agreements with Siemens Canada; the development and implementation of Digital Twin technology for the planned Red Rock Lithium Converter; Siemens' support of the Company's ongoing DFS; the timing, completion and outcome of the DFS; the development, permitting, financing, construction, commissioning and operation of the Red Rock Lithium Converter; the potential application of the parties' collaboration to future projects; and the anticipated contribution of the Red Rock Lithium Converter to critical minerals supply chains.
Forward-looking statements are based on a number of assumptions, including that: the Company's development plans will proceed as currently anticipated; the DFS will be completed within the expected timeframe; Siemens will provide the contemplated services and support; required approvals, permits and financing will be obtained on acceptable terms; and the anticipated benefits of the collaboration with Siemens will be realized.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements, including: the risk that the DFS is not completed on the expected timeline or produces results different from those anticipated; the risk that the anticipated benefits of the Siemens collaboration are not realized; risks relating to financing, permitting, engineering, construction and commissioning of the Red Rock Lithium Converter; cost increases, schedule delays, supply chain disruptions, technological, operational, regulatory and market risks; and the other risks described in the Company's public filings available on SEDAR+ at www.sedarplus.ca.
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Two RNA-based biomolecule candidates move into field development across the U.S., Brazil and Asia, marking a major milestone in the companies' multi-year collaboration targeting some of the world's most damaging lepidopteran pests
PHILADELPHIA & CHARLOTTESVILLE, Va., September 17, 2026–(BUSINESS WIRE)–AgroSpheres, a biotechnology company pioneering breakthroughs in sustainable crop protection and FMC Corporation (NYSE: FMC), a global leader in agricultural sciences, today announced a significant advancement in its ongoing collaboration. Two proprietary RNA-based biomolecule candidates from AgroSpheres' pipeline are now entering global field trial development, marking the transition from discovery into real-world testing across three continents.
"Moving these candidates into the field is an important moment for this partnership," said Payam Pourtaheri, Co-Founder and CEO of AgroSpheres. "It's where the science we've rigorously validated against the industry standard in the lab meets the complexity of real growing conditions, across very different climates and crop systems. That's the true test of a biological product, and we're looking forward to running it side-by-side with FMC."
The candidates, developed under the companies' collaboration first announced in 2024, represent a new category of bioinsecticide aimed at some of the most persistent and economically damaging lepidopteran pests in global agriculture. Just a handful of major moth and caterpillar species, including the fall armyworm and diamondback moth, cause nearly $14 billion in global crop losses and control costs annually, underscoring the scale of the commercial opportunity. Field trials will span key growing regions in the United States, Brazil and Asia, reflecting both the global reach of FMC's commercial footprint and the breadth of the pest pressure growers face across these markets.
The advancement follows a multi-year progression through laboratory, greenhouse and small-scale field-plot testing, where biomolecules were benchmarked directly against industry-standard chemistries and consistently met or exceeded that performance bar before earning advancement to full-scale global trials.
"Innovation in crop protection is about finding new ways to help growers manage pests safely, effectively and sustainably," said Dr. Seva Rostovtsev, Executive Vice President and Chief Technology Officer at FMC Corporation. "Field trials are where promising technologies begin to demonstrate their real-world potential across different crops, climates and pest pressures. We're encouraged by the progress to date and look forward to continuing the evaluation of these candidates."
A new approach to pest control: precision through biomodality
At the center of AgroSpheres' pipeline is its biomodality platform, an approach that allows the company to design biomolecules that act on specific, targeted biological pathways within a pest, rather than relying on the broad chemical action of conventional insecticides. In practical terms, this means each product can be tailored to disrupt a pest's biology with a high degree of precision, reducing the chance that pests develop resistance and limiting impact on beneficial insects and the surrounding environment.
Each biomolecule is manufactured through fermentation and delivered using AgroSpheres' proprietary AgriCell platform, the technology that underpins the company's product pipeline spanning multiple pest categories and product types. AgriCell encapsulates the active biomolecule in a way that protects it from the elements that typically degrade biological products in the field, including UV exposure, heat and moisture, allowing it to remain stable and effective long after application. Just as importantly, the encapsulation is engineered for targeted, controlled release, delivering the active ingredient where and when it's needed most for the pest, rather than all at once. It's this combination of durability and precision that is needed to commercialize biologicals reliably, and it's the problem AgriCell was built to solve.
AgriCell's flexibility is also opening new possibilities for how biological actives can work alongside existing crop protection chemistries, creating potential resistance-management strategies that extend the useful life of both new and established active ingredients.
About AgroSpheres:
AgroSpheres is a pioneering agricultural technology company committed to addressing the most pressing challenges in global agriculture. By harnessing the power of cutting-edge science and technology, AgroSpheres is developing innovative solutions to promote sustainable and efficient farming practices on its proprietary AgriCell platform. The company's mission is to revolutionize agriculture, making it more productive, eco-friendly, and capable of feeding the growing global population.
About FMC Corporation:
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®.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260917231608/en/
Contacts
AgroSpheres Media Contact: Valerie MartinEmail: valerie@agrospheres.com Phone: 612-743-4013
FMC Media Contact: Nicole CanningEmail: media@fmc.com
Albemarle Corporation ALB is strategically executing its projects aimed at boosting its global lithium conversion capacity. The market for lithium batteries and energy storage remains strong, offering significant opportunities for the company to develop innovative products and expand capacity. ALB remains focused on investing in high-return projects to drive productivity. Healthy customer demand, capacity expansion and plant productivity improvements are supporting its volumes. ALB saw higher sales volumes (up 11% year over year) in its Energy Storage unit in the second quarter on the strength of its integrated conversion facilities. The Salar yield improvement project in Chile has achieved a 50-60% operating rate, and the ramp-up continues to deliver encouraging outcomes. Albemarle, in March 2026, submitted the environmental assessment permit for a commercial direct lithium extraction (DLE) project at Salar de Atacama. The DLE pilot plant supports future growth at Salar de Atacama and has demonstrated lithium recoveries of more than 90%. The CGP3 expansion at the Greenbushes spodumene mine in Australia is underway and is expected to reach full production in first-quarter 2027. Among its peers, Sociedad Quimica y Minera de Chile S.A. SQM has a robust balance sheet and generates strong cash flows, which allow it to make investments in driving production capacity. Sociedad Quimica logged record lithium sales volumes of more than 84,000 metric tons of lithium carbonate equivalent in the second quarter on strong market demand. The Nova Andino Litio business recorded roughly 47% higher volumes in the second quarter compared to the prior-year quarter, driven by demand strength in battery energy storage systems and capacity expansion actions. Nova Andino achieved a key milestone with the submission of the environmental and technical documentation for the Salar Futuro project. The project represents a major part of SQM’s long-term growth strategy in the Salar de Atacama. Rio Tinto Group RIO is making progress with its high-value lithium projects. The fully owned Rincon Lithium Project in Argentina remains on track, with commissioning of the starter plant already completed and ramp-up currently in progress, with planned first production in 2028. RIO has achieved first production at the Fénix expansion and Sal de Vida projects in Argentina ahead of plan in the second quarter. The Nemaska Lithium project, in which Rio Tinto now holds a 53.9% stake with the Government of Québec retaining the balance, is a fully integrated spodumene-to-lithium hydroxide development project comprising the lithium hydroxide plant in Bécancour and the Whabouchi spodumene mine. First production is planned in 2028.
ALB’s Price Performance, Valuation & Estimates
Albemarle has gained 41.5% in the past year compared with the Zacks Chemical – Diversified industry’s decline of 4.2%.
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ALB is currently trading at a forward price-to-sales ratio of 2.13, above the industry. It carries a Value Score of B.
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The Zacks Consensus Estimate for ALB’s 2026 earnings implies a year-over-year rise of 1,541.8%. The EPS estimates for 2026 have been trending lower over the past 60 days.
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ALB stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).
Albemarle Corporation’s ALB shares have tumbled 29.1% in the past six months, underperforming the Zacks Chemical – Diversified industry decline of 7.8% and the S&P 500’s 13.9% increase. A pullback in lithium prices has weighed on ALB stock. Lithium prices have declined amid softer electric vehicle (EV) demand in China, elevated inventory levels and expectations of increased supply from mine restarts and capacity expansions. EV orders have moderated in China, the world’s largest lithium consumer, while demand from the energy storage market remains resilient. Incremental production from Australian mines has contributed to the added supply. In May 2026, Mineral Resources announced the restart of operations at its fully owned Bald Hill lithium mine in Western Australia. The mine was placed on care and maintenance in November 2024 amid weak lithium market conditions.
ALB’s Six-month Price Performance
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ALB stock broke below its 50-day simple moving average (SMA) on Aug. 9, 2026. It also slipped below its 200-day SMA on June 23, 2026. The 50-day SMA is reading lower than the 200-day SMA, following a death crossover on July 21, 2026, signaling a bearish trend.
Albemarle Trades Below 50-Day SMA
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Let’s take a look at ALB’s fundamentals to analyze the stock better.
Growing Lithium Demand and Productivity Aid Albemarle
ALB is poised to benefit from long-term growth in the battery-grade lithium market. The market for lithium batteries and energy storage remains strong, offering significant opportunities for the company to develop innovative products and expand capacity. Lithium demand is expected to grow on the back of significant global EV penetration. Albemarle projects lithium demand to witness a CAGR of 10-20% from 2025 to 2030. Stationary storage is expected to be a significant driver for lithium demand along with EVs. Albemarle expects demand to grow roughly 15-40% this year, with growth already trending near the higher end of the range.ALB is strategically executing its projects to boost its global lithium conversion capacity. It remains focused on investing in high-return projects to drive productivity. Healthy customer demand, capacity expansion and plant productivity improvements are supporting its volumes. The Salar yield improvement project in Chile has achieved a 50-60% operating rate, and the ramp-up continues to deliver encouraging outcomes. Albemarle, in March 2026, submitted the environmental assessment permit for a commercial direct lithium extraction (DLE) project at Salar de Atacama. The DLE pilot plant supports future growth at Salar de Atacama and has demonstrated lithium recoveries of more than 90%. The CGP3 expansion at the Greenbushes spodumene mine in Australia is underway and is expected to reach full production in first-quarter 2027. Albemarle is taking aggressive cost-saving and productivity actions. The company delivered roughly $450 million in cost and productivity improvements for full-year 2025, having surpassed its initial target of $300-$400 million. It expects additional cost and productivity improvements of $100-$150 million in 2026, with $100 million already delivered.
Robust Financial Health Supports ALB’s Capital Allocation
Albemarle remains committed to driving shareholder value by leveraging healthy cash flows and strong liquidity. Its operating cash flow was around $1.3 billion in 2025, up roughly 86% from the prior year. At the end of the second quarter of 2026, it had liquidity of around $3.2 billion, including cash and cash equivalents of around $1.6 billion. The company generated an operating cash flow of $710 million and free cash flow of $638 million. Operating cash flow for the first half nearly doubled year over year to roughly $1.1 billion. Free cash flow in 2026 is expected to be supported by strong cash conversion and productivity measures. ALB achieved an operating cash flow conversion of 83% in the second quarter. First-half 2026 conversion was at the high end of its long-term target range of 60-70%.The company remains focused on maintaining its dividend payout. It has raised its quarterly dividend for the 30th straight year. ALB offers a dividend yield of 1.4% at the current stock price. Its peers, Sociedad Quimica y Minera de Chile S.A. SQM and Rio Tinto Group RIO, have a dividend yield of 2.5% and 4.2%, respectively.
Volume and Margin Pressure Weigh on ALB Stock
ALB’s Energy Storage unit faces volume pressure in 2026, which may affect the segment’s sales. The company’s guidance reflects flat to 4% lower year-over-year Energy Storage sales volumes in 2026. Albemarle expects Energy Storage sales volumes of 225-235 kilotons (kt) compared with 235kt in 2025, as higher Wodgina output partly offsets a delay in the CGP3 ramp-up following the June 9, 2026 fire. Lower sales volumes are expected to result in a decline in Energy Storage sales in the third quarter.Some impacts of the lithium price retreat are also expected to reflect on the company’s performance in the third quarter. ALB expects sequentially lower prices and volumes to result in a decline in Energy Storage sales and margins compared with the second quarter.
ALB’s Earnings Estimates Moving Lower
The Zacks Consensus Estimate for 2026 for ALB has been revised downward over the past 60 days. The consensus estimate for third-quarter 2026 has been going down over the same time frame.
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A Look at ALB’s Valuation
ALB is currently trading at a forward price-to-sales ratio of 2.16, above the industry’s 0.88. It is trading at a premium to Rio Tinto and at a discount to Sociedad Quimica. Albemarle has a Value Score of B. Rio Tinto and Sociedad Quimica currently have a Value Score of A and C, respectively.
ALB’s P/S F12M Vs. Industry, SQM and RIO
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How Should Investors Play ALB Stock?
Albemarle is poised to benefit from project ramp-ups, ongoing efforts to expand its global lithium conversion capacity and productivity improvement initiatives. The company remains well-positioned to gain from the long-term expansion of the battery-grade lithium market. Near-term headwinds include lower Energy Storage volumes, weaker lithium prices and margin pressure. With shares below key moving averages and trading at a premium to the industry, immediate upside appears limited. Also, declining earnings estimates cast a pall on the company's prospects. Considering these factors, holding onto this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).
Highlights also include 40m at 3.0 g/t PGM+Au + 0.32% Ni, 52m at 2.1 g/t PGM+Au + 0.11% Ni, and 16m at 3.1 g/t PGM+Au + 0.23% Ni, including 5m at 7.5 g/t PGM+Au + 0.32% Ni
TORONTO, Sept. 14, 2026 /CNW/ — Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") is pleased to report assay results from seven infill and step-out drill holes in the Central Sector and one from the North Sector at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga deposit" or "Luanga PGM+Au+Ni deposit"), located in the Carajás Mineral Province, Pará State, Brazil.
"These results from infill and extensional drilling in the Central Sector continue to demonstrate potential to expand and upgrade Luanga's mineral resource. The results reported herein consistently show grades and/or thicknesses that, for the most part, are equal or better than those recorded in shallower drilling. The sections presented in this release illustrate the Central Sector's continuity and consistent thickness as we drill deeper," said Luis Azevedo, Chairman and CEO. "The results of the ongoing drill program will form part of an updated Mineral Resource Estimate targeted for Q1 2027 following the planned publication of the Luanga PFS in Q3 2026. Concurrently, our Copper-Gold Team continues the geophysical program and drill target selection work. The team is also evaluating a number of opportunities that have the potential to expand the company's copper-gold footprint in the Carajás".
Highlights Include:
- The 2026 infill and extensional drill program continues to progress well and on schedule, with results from the Central Sector targeting expansion of the mineralization at depth and increasing drill density with the objective of supporting an upgrade of the Inferred component of the existing Mineral Resource Estimate ("MRE") to the Indicated category.
- Results reported herein continue to demonstrate similar or better mineralized thicknesses and/or PGM+Au grades, commonly associated with increased Ni sulphide grades in the main sulphide zone ("MSZ").
- Sections 1 and 2 (Figures 1 and 2) are infill sections, where drilling aims to support the upgrading of shallow Inferred resources to the Indicated category. The Company believes results to date support the objective.
- Section 3 (Figure 3) shows that extensional drilling (i.e. Hole DDH26LU342) continues to demonstrate mineralization continuity at depths exceeding 300m below surface, highlighting the potential for additional Inferred mineral resources to be reflected in next MRE update, planned to Q1 2027.
|
|
From (m) |
To (m) |
Thickness (m) |
Pd (g/t) |
Pt (g/t) |
Rh (g/t) |
Au (g/t) |
PGM+Au (g/t) |
Ni (%) Sulphide* |
Cu (%) Sulphide |
TYPE |
|
DDH26LU321 |
310.35 |
350.10 |
39.75 |
2.22 |
0.66 |
0.125 |
0.01 |
3.02 |
0.32 |
0.02 |
FR |
|
And |
423.66 |
425.87 |
2.21 |
3.51 |
4.28 |
0.651 |
0.02 |
8.47 |
0.03 |
0.01 |
FR |
|
DDH26LU322 |
206.75 |
223.10 |
16.35 |
2.05 |
0.82 |
0.156 |
0.02 |
3.05 |
0.23 |
0.01 |
FR |
|
Including |
216.48 |
221.10 |
4.62 |
5.05 |
2.08 |
0.348 |
0.06 |
7.54 |
0.32 |
0.01 |
FR |
|
DDH26LU323 |
131.85 |
184.30 |
52.45 |
1.26 |
0.65 |
0.130 |
0.02 |
2.06 |
0.11 |
0.01 |
FR |
|
DDH26LU325 |
263.40 |
285.40 |
22.00 |
1.21 |
0.71 |
0.132 |
0.01 |
2.07 |
0.09 |
0.01 |
FR |
|
DDH26LU327 |
302.85 |
326.80 |
23.95 |
1.45 |
0.49 |
0.073 |
0.10 |
2.11 |
0.24 |
0.04 |
FR |
|
DDH26LU336 |
90.20 |
144.05 |
53.85 |
1.21 |
1.31 |
0.190 |
0.12 |
2.83 |
0.16 |
0.04 |
FR |
|
Including |
104.04 |
109.05 |
5.01 |
3.51 |
6.07 |
0.761 |
0.33 |
10.68 |
0.40 |
0.13 |
FR |
|
DDH26LU342 |
374.70 |
411.35 |
36.65 |
2.16 |
0.71 |
0.138 |
0.03 |
3.05 |
0.32 |
0.03 |
FR |
|
Notes: |
All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.Given the orientation of drilling and mineralization, intercepts are estimated at 110% to 120% of true thickness in the Central Sector, and 105% to 115% in the North Sector. | Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization and mining activities. |* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel. |
Luanga Drilling Update
Results from eight diamond drill holes have been received; seven from the Central Sector and one from the North Sector of the Luanga PGM+Au+Ni deposit. All drill holes reported herein are angled holes (-60°, except for DDH26LU321 at -55°), towards an azimuth of 330° (except for DDH26LU336 which is angled towards 090°). Together, this set of drill holes comprises a total of 2,655 metres of diamond drilling.
Section 1 (Figure 1) in the Central Sector is an infill section, where drilling on this section aims to support upgrading deeper nferred mineral resources to the Indicated category. On this section the MSZ mineralization is defined to approximately 250m below surface, with DDH24LU322 placed to support upgrading of the Inferred mineral resources to this depth. Results continue to track the trend of deeper drilling encountering comparable mineralized grades. Mineralized thicknesses remain consistent across the section.
Section 2 (Figure 2) in the Central Sector is an infill section, where drilling on this section aims to support upgrading the deeper Inferred mineral resources to the Indicated category. On this section, the MSZ mineralization is defined to approximately 450m below surface, with DDH26LU321 placed to support upgrading of Inferred mineral resources to a depth of approximately 350m.
Results continue to track as expected, confirming the trend of deeper drilling encountering comparable or better PGM+Au grades, as shown from DDH23LU162 to DDH26LU321 and then to DDH23LU204 below that. Mineralized thicknesses remain consistent across the drill holes on the section.
Section 3 (Figure 3) in Central Sector shows an extensional drill section, where drill hole DDH26LU342 has been added, stepping back approximately 75m behind previously reported 2026 Bravo drill hole DDH26LU312. Drilling on this section aims to support the potential definition of new Inferred mineral resources at depths that are still relatively shallow. The MSZ mineralization continues at depth, with similar grades and mineralized thicknesses to those previously seen up dip.
In this section, new drilling in 2026 (DDH26LU312 and DDH26LU342) extends the MSZ definition from a previously shallow depth of less than 200m, to approximately 350m below surface. Further potential exists to extend mineralization at depth, where it remains open.
Drill Results Status Update
In total, 447 drill holes have been completed by Bravo to date, for 98,180 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 404 Bravo drill holes to date. Assay results for 35 holes are currently outstanding (excluding the metallurgical holes), which mostly relate to exploration drilling outside the Luanga PGM+Au+Ni resource area. In total, 58 trenches have been completed to date (for 10,901 metres), with results from 6 trenches currently pending.
Complete Table of Recent Intercepts.
|
HOLE-ID |
From (m) |
To (m) |
Thickness (m) |
Pd (g/t) |
Pt (g/t) |
Rh (g/t) |
Au (g/t) |
PGM+Au (g/t) |
Ni (%) Sulphide* |
Cu (%) Sulphide |
TYPE |
|
DDH26LU321 |
206.00 |
219.80 |
13.80 |
0.31 |
0.14 |
0.022 |
0.01 |
0.48 |
0.22 |
0.01 |
FR |
|
And |
278.75 |
282.18 |
3.43 |
0.86 |
0.27 |
0.080 |
0.16 |
1.37 |
0.42 |
0.10 |
FR |
|
And |
310.35 |
350.10 |
39.75 |
2.22 |
0.66 |
0.125 |
0.01 |
3.02 |
0.32 |
0.02 |
FR |
|
And |
369.30 |
404.30 |
35.00 |
0.31 |
0.27 |
0.003 |
0.00 |
0.59 |
0.01 |
0.01 |
FR |
|
And |
423.66 |
425.87 |
2.21 |
3.51 |
4.28 |
0.651 |
0.02 |
8.47 |
0.03 |
0.01 |
FR |
|
DDH26LU322 |
171.05 |
173.15 |
2.10 |
0.90 |
0.31 |
0.039 |
0.02 |
1.27 |
0.28 |
0.01 |
FR |
|
And |
178.46 |
185.90 |
7.44 |
1.13 |
0.33 |
0.521 |
0.00 |
1.98 |
1.09 |
0.16 |
FR |
|
And |
206.75 |
223.10 |
16.35 |
2.05 |
0.82 |
0.156 |
0.02 |
3.05 |
0.23 |
0.01 |
FR |
|
Including |
216.48 |
221.10 |
4.62 |
5.05 |
2.08 |
0.348 |
0.06 |
7.54 |
0.32 |
0.01 |
FR |
|
DDH26LU323 |
47.40 |
52.65 |
5.25 |
0.39 |
0.15 |
0.001 |
0.07 |
0.61 |
0.03 |
0.02 |
FR |
|
And |
98.65 |
101.80 |
3.15 |
1.57 |
0.31 |
0.058 |
0.07 |
2.01 |
0.25 |
0.05 |
FR |
|
And |
118.85 |
122.85 |
4.00 |
0.66 |
0.35 |
0.042 |
0.01 |
1.05 |
0.23 |
0.07 |
FR |
|
And |
131.85 |
184.30 |
52.45 |
1.26 |
0.65 |
0.130 |
0.02 |
2.06 |
0.11 |
0.01 |
FR |
|
DDH26LU325 |
28.00 |
30.00 |
2.00 |
1.23 |
0.49 |
0.002 |
0.38 |
2.11 |
0.10 |
0.15 |
FR |
|
And |
49.00 |
51.00 |
2.00 |
0.68 |
0.25 |
0.002 |
0.21 |
1.14 |
0.13 |
0.07 |
FR |
|
And |
118.00 |
122.00 |
4.00 |
0.52 |
0.18 |
0.003 |
0.10 |
0.80 |
0.05 |
0.06 |
FR |
|
And |
186.00 |
198.00 |
12.00 |
0.66 |
0.24 |
0.024 |
0.19 |
1.11 |
0.13 |
0.07 |
FR |
|
And |
231.37 |
237.40 |
6.03 |
1.04 |
0.95 |
0.027 |
0.13 |
2.16 |
0.20 |
0.10 |
FR |
|
And |
263.40 |
285.40 |
22.00 |
1.21 |
0.71 |
0.132 |
0.01 |
2.07 |
0.09 |
0.01 |
FR |
|
DDH26LU326 |
0.00 |
5.00 |
5.00 |
0.07 |
0.04 |
0.002 |
0.92 |
1.03 |
NA |
NA |
OX |
|
And |
71.55 |
94.65 |
23.10 |
1.04 |
0.36 |
0.063 |
0.01 |
1.47 |
0.20 |
0.01 |
FR |
|
DDH26LU327 |
84.80 |
87.80 |
3.00 |
0.50 |
0.21 |
0.001 |
0.12 |
0.82 |
0.06 |
0.01 |
FR |
|
And |
235.14 |
237.91 |
2.77 |
0.48 |
0.12 |
0.166 |
0.01 |
0.78 |
0.37 |
0.03 |
FR |
|
And |
293.75 |
298.85 |
5.10 |
0.74 |
0.26 |
0.034 |
0.08 |
1.11 |
0.19 |
0.02 |
FR |
|
And |
302.85 |
326.80 |
23.95 |
1.45 |
0.49 |
0.073 |
0.10 |
2.11 |
0.24 |
0.04 |
FR |
|
And |
385.80 |
424.80 |
39.00 |
0.26 |
0.27 |
0.006 |
0.01 |
0.55 |
0.02 |
0.01 |
FR |
|
And |
432.80 |
436.80 |
4.00 |
0.20 |
0.70 |
0.124 |
0.00 |
1.03 |
0.02 |
0.01 |
FR |
|
DDH26LU336 |
90.20 |
144.05 |
53.85 |
1.21 |
1.31 |
0.190 |
0.12 |
2.83 |
0.16 |
0.04 |
FR |
|
Including |
104.04 |
109.05 |
5.01 |
3.51 |
6.07 |
0.761 |
0.33 |
10.68 |
0.40 |
0.13 |
FR |
|
DDH26LU342 |
243.95 |
247.10 |
3.15 |
0.99 |
0.19 |
0.021 |
0.08 |
1.29 |
0.08 |
0.05 |
FR |
|
And |
304.70 |
307.70 |
3.00 |
0.69 |
0.23 |
0.049 |
0.02 |
0.99 |
0.31 |
0.00 |
FR |
|
And |
374.70 |
411.35 |
36.65 |
2.16 |
0.71 |
0.138 |
0.03 |
3.05 |
0.32 |
0.03 |
FR |
|
And |
426.35 |
429.35 |
3.00 |
1.54 |
1.31 |
0.029 |
0.03 |
2.91 |
0.07 |
0.01 |
FR |
|
And |
433.35 |
471.35 |
38.00 |
0.35 |
0.28 |
0.006 |
0.02 |
0.65 |
0.01 |
0.01 |
FR |
|
Notes: |
All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.Given the orientation of drilling and mineralization, intercepts are estimated at 110 to 120%% of true thickness in the Central Sector and at 105 to 115% in the North Sector. Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel. |
About Bravo Mining Corp.
Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM, nickel and copper-gold Luanga Project in the Carajás Mineral Province, Pará State, Brazil. Bravo is one of the most active explorers in Carajás.
The team, comprising of local and international geologists, has a proven track record of PGM, nickel, and copper discoveries in the region. They have successfully taken a past IOCG greenfield project from discovery to development and production in the Carajás.
The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and hydroelectric grid power. Bravo's current Environmental, Social and Governance activities include planting more than 56,000 high-value trees in and around the project area and hiring and contracting locally.
Technical Disclosure
Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australian Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.
For further information about Bravo, please visit www.bravomining.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 information which is not comprised of historical facts. Forward-looking information is characterized by words such as "aim", "expand", "upgrade", "expected", "targeted", "continue", "exceed", "potential", "better", "increase", "advance", "most active", "benefit", "consistent", "comparable", "prospective", "remains open", "objective", "define", "similar", "trend", "commonly", "plan", "demonstrate", "expectation", "well", "support", "confirm", "reflect", "opportunity", variants of these words and other similar words, phrases, or statements that certain events or conditions "could", "may" or "will" occur. This news release contains forward-looking information pertaining to the Company's 2026 drill program and the results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth; the potential comparable or better grades and/or mineralized thicknesses at depth; the existence of a higher grade core to the MSZ; whether or not the infill drilling will confirm the continuity of the mineralization in the current mineral resource estimate; whether or not infill drilling and other factors will support upgrading mineral resources from the Inferred category to the Indicated category; the potential to add new Inferred resources and the impact of current and future drilling on future mineral resource estimates, after taking into account other modifying factors; the timing and completion of an updated Mineral Resource Estimate targeted for Q1 2027; whether or not the mineralization is amenable to open-pit mining and, if so, to what extent; the timing, completion and results of the Luanga PFS targeted for the end of Q3 2026; the results of Company's Copper-Gold geophysical program and target selection work; the evaluation of regional exploration opportunities in Carajás; potential economic outcomes, including strip ratios, in future economic studies; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to the assumption that the assay results will continue to support management's interpretation of the mineralization; that the mineralization remains open to depth, that PGM and/or Ni grades and mineralized thicknesses are improving to depth; that final drill and assay results will be in line with management's expectations; that the current drill program will support an updated Mineral Resource Estimate targeted for Q1 2027; that the Luanga PFS will advance as scheduled; that the Company's Copper-Gold geophysical program, target selection work and evaluation of regional opportunities will progress as planned; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or health and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
Schedule 1: Drill Hole Collar Details
|
HOLE-ID |
Company |
East (m) |
North (m) |
RL (m) |
Datum |
Depth (m) |
Azimuth |
Dip |
Sector |
|
DDH26LU321 |
Bravo |
658448.19 |
9340315.96 |
260.750 |
SIRGAS2000_UTM_22S |
430.20 |
330.00 |
-55.00 |
Central |
|
DDH26LU322 |
Bravo |
658769.05 |
9340757.88 |
255.910 |
SIRGAS2000_UTM_22S |
270.35 |
330.00 |
-60.00 |
Central |
|
DDH26LU323 |
Bravo |
659564.04 |
9341284.96 |
210.170 |
SIRGAS2000_UTM_22S |
220.20 |
330.00 |
-60.00 |
Central |
|
DDH26LU325 |
Bravo |
659615.72 |
9341196.23 |
196.480 |
SIRGAS2000_UTM_22S |
312.60 |
330.00 |
-60.00 |
Central |
|
DDH26LU326 |
Bravo |
658199.10 |
9340447.73 |
258.530 |
SIRGAS2000_UTM_22S |
151.15 |
330.00 |
-60.00 |
Central |
|
DDH26LU327 |
Bravo |
658608.36 |
9340537.17 |
271.610 |
SIRGAS2000_UTM_22S |
450.25 |
330.00 |
-60.00 |
Central |
|
DDH26LU336 |
Bravo |
659950.43 |
9342124.98 |
262.050 |
SIRGAS2000_UTM_22S |
320.35 |
90.00 |
-60.00 |
North |
|
DDH26LU342 |
Bravo |
658505.23 |
9340316.57 |
265.101 |
SIRGAS2000_UTM_22S |
500.35 |
330.00 |
-60.00 |
Central |
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing, and delivery to the SGS Geosol laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS Geosol laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.
Quality Assurance and Quality Control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.
|
Bravo SGS Geosol |
||||
|
Preparation |
Method |
Method |
Method |
Method |
|
For All Elements |
Pt, Pd, Au |
Rh |
Sulphide Ni, Cu |
Trace Elements |
|
PRPCLI (85% at 200#) |
FAI515 |
FAI30V |
AA04B |
ICP40B |
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2026/14/c2281.html
Mineral Resource Estimate Supports High Grade Open Pit Restart
PL Gold Mine Resource Highlights:
- Measured & Indicated 601,158 Ounces Gold and Inferred 202,810 Ounces Gold
- One of Canada's Highest Grade Open Pit Resources at Over 5 g/t
- Open Pit and Underground Resource Expansion Potential
Toronto, Ontario–(Newsfile Corp. – September 10, 2026) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), an advanced development-stage gold company focused on the restart and the expansion of our 100% owned PL Gold Mine in central Manitoba, is pleased to provide an update on the planned restart of the PL Gold Mine. The 2026 Mineral Resource Estimate (2026 MRE) was prepared by A&B Global Mining ("ABGM") under the supervision of Nicholas Ross King, BSc (Hons) Geology, GDE (Mining Engineering), Pr.Sci Nat., an independent consultant to the company and a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Unless otherwise stated, all currencies reported in this press release are in United States dollars.
2026 Mineral Resource Estimate for the PL Gold Mine
The 2026 Mineral Resource Estimate defines 601,158 Measured & Indicated gold ounces at 4.98 g/t, including 268,091 open-pit ounces at 5.28 g/t and 202,810 Inferred gold ounces at 3.78 g/t. Additional drilling offers significant resource-growth potential.
The 2026 MRE uses a US$3,000/oz gold price; cut-off grades, costs, recoveries, dilution, and mining-loss assumptions are detailed in the Table 1 notes.
With one of Canada's highest-grade Measured and Indicated gold resources, the PL Gold Mine is positioned for restart at 1,000 tpd, expanding to 2,000 tpd in year two.
The high-grade open-pit resource materially improves restart economics. At 1,000 tpd, Minnova expects initial annual production of approximately 45,000 ounces, increasing to approximately 90,000 ounces after the planned 2,000 tpd plant expansion until the pit is depleted.
Highlights of the PL Gold Mine Project Resource
Open Pit (OP)
- Grade: 5.28 g/t gold
- Measured & Indicated Resources: 268,091 gold ounces (1,578,110 tonnes @ 5.28 g/t)
- Inferred Resources: 21,955 gold ounces (118,689 tonnes @ 5.75 g/t)
Underground (UG)
- Grade: 4.75 g/t gold
- Measured & Indicated Resources: 333,066 gold ounces (2,178,916 tonnes @ 4.75 g/t)
- Inferred Resources: 180,855 gold ounces (1,548,443 tonnes @ 3.63 g/t)
Total Resource
- Measured & Indicated Resources: 601,158 gold ounces (3,757,026 tonnes @ 4.98 g/t)
- Inferred Resources: 202,810 gold ounces (1,667,132 tonnes @ 3.78 g/t)
Table 1. PL Gold Deposit Mineral Resource Estimate as of September 11, 2026
| Category | Tonnes | Au Grade(g/t) | Contained Au(oz) |
| PL Deposit – Open Pit: Cut-Off Grade 0.60 g/t | |||
| Measured | 1,288,360 | 5.35 | 221,575 |
| Indicated | 289,750 | 4.99 | 46,516 |
| Measured & Indicated | 1,578,110 | 5.28 | 268,091 |
| Inferred | 118,689 | 5.75 | 21,955 |
| PL Deposit – Underground: Cut-Off Grade 1.92 g/t and 1.43 g/t | |||
| Measured | 1,343,678 | 5.06 | 218,603 |
| Indicated | 835,239 | 4.26 | 114,464 |
| Measured & Indicated | 2,178,916 | 4.75 | 333,066 |
| Inferred | 1,548,443 | 3.63 | 180,855 |
| PL Deposit – Open Pit and Underground: Cut-Off Grade 0.06 g/t, 1.92 g/t and 1.43 g/t | |||
| Measured | 2,632,038 | 5.20 | 440,178 |
| Indicated | 1,124,989 | 4.45 | 160,980 |
| Measured & Indicated | 3,757,026 | 4.98 | 601,158 |
| Inferred | 1,667,132 | 3.78 | 202,810 |
Notes:
Comparison to 2017 Mineral Resource Estimate
The previous NI 43-101 resource estimate for the PL Gold Mine, published in November 2017, is now considered historical and should not be relied upon.
A direct, like-for-like comparison between the 2017 MRE and the 2026 MRE is not considered appropriate, primarily due to the lower reporting cut-off grade applied in the 2026 MRE and the updated mining constraints used to establish the open-pit and underground reporting limits. Open-pit optimization and underground MSO shapes were used to support the assessment of RPEEE.
The increase in Measured and Indicated Mineral Resources is generally associated with increased drill density and the resulting improvement in geological confidence. The classification strategy applied in the 2026 MRE is broadly consistent with the previous approach and does not represent a significant departure from the historical classification methodology.
PL Gold Mine Development Update
Minnova proposes to develop the PL Gold Mine as a combined open-pit and underground mining operation, utilizing the existing processing plant with a nominal capacity of 1,000 tpd. Initial production is expected to be sourced from open-pit mining, with a planned transition to underground mining as the project develops.
The 2026 MRE will be further updated to incorporate outstanding assay results from the 2025–2026 drilling program and subsequent resampling program as part of the planned Pre-Feasibility Study. The Company is also evaluating process flowsheet optimization opportunities, including ore sorting for lower-grade mineralization and the application of modern gravity recovery technologies, supported by updated metallurgical test work.
Aggressive Growth Strategy: Resource Expansion and Hub-and-Spoke Development
Our 2025-2026 infill drill program focused on the open pit resource was a great success. Drilling, which targeted multiple high-grade mineralized structures at shallow depths amenable to open-pit mining methods, was intentionally limited to a maximum depth of approximately 200m. This drill program was successful in significantly increasing both measured and indicated gold resources and positions the project as one of Canada's highest grade open pit resources.
The next phase of drilling will continue the trend of resource expansion and infill drilling with an emphasis on resource conversion to Measured & Indicated categories of the down dip extension of the mineralized structures below 200m.
Future drilling programs will also include the Nokomis satellite deposit, located 7km northeast of PL mine site, to further expand that historical resource. Nokomis hosts an Indicated resource of 41,000 ounces (371,000 tonnes @3.41 g/t) and an Inferred resource of 19,000 ounces (247,000 tonnes @2.41 g/t) (see https://minnovacorp.ca/2014-04-17_NR.pdf).
Nokomis has not been drilled since 2012 as we focused on de-risking the PL Gold deposit. It now represents a future development opportunity as part of a property wide hub and spoke model.
The PL Gold Mine property is underexplored. Numerous untested surface showings have been identified along strike from the main PL deposit including shear hosted gold mineralization and iron formation targets. Considering the open pit development plan a number of condemnation holes are planned to confirm that no economically viable mineralization exists beneath the proposed waste pile locations before material is placed there.
Qualified Persons – Technical Information
Technical information pertaining to the PL Gold Mine resource estimate contained in this news release has been prepared under the supervision of Nicholas Ross King, BSc (Hons) Geology, GDE (Mining Engineering), Pr.Sci Nat., 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 news release.
About Minnova Corp.
Minnova Corp. is a near term gold producer focused on the restart and expansion of its 100%-owned PL Gold Mine in the prolific Flin Flon Greenstone Belt of Central Manitoba. The project is situated on a past producing mine site and benefits from significant existing infrastructure, including a 1,000 tpd processing plant and valid underground mining permit (Environment Act License 1207E).
A positive 2017 Feasibility Study, based on an underground development plan and a gold price of US$1,250 per ounce, outlined a robust 5-year mine life with an annual production rate of 46,493 ounces. Given the current high gold price Minnova is revising the mine development plan to prioritize lower-cost open pit mining methods for the initial years of production before transitioning to underground methods.
A Preliminary Economic Assessment is advancing with a revised and optimized mine development plan leverages the existing 1,000 tpd process plant capacity, envisions an expansion to 2,000 tpd from open pit operations starting in year 2, underground test mining in year 1 and transition from open pit to underground operations in years 3 and 4. The revised development strategy targets reduced operating costs, lower initial capital costs and higher gold production than the previous underground-only model. The current global gold resource remains open to expansion, as does the reserve. The 2017 MRE will be updated in 2026, using current consensus gold price assumption and will incorporate all drilling conducted after the 2017 Feasibility Study, including the 13,500 meter 2025-2026 drill program.
For more information please contact:
Minnova Corp.Gorden Glenn President & Chief Executive Officer
For further information, please contact Investor Relations at: info@minnovacorp.ca
Visit our website at www.minnovacorp.ca.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, uncertainties inherent in Mineral Resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the development objectives will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISSEMINATION INTO THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313908
DENVER, CO / ACCESS Newswire / September 10, 2026 / Solitario Resources Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to report CEO Chris Herald will provide a live presentation at the 28th Annual Global Investment Conference hosted by H.C. Wainwright & Co. The presentation is scheduled for Tuesday, September 15, 2026, at 2:30 pm Eastern Time. Mr. Herald will also be participating in one-on-one investor meetings on Monday and Tuesday, September 14 and 15, providing updates on the Company's activities on its five resource and exploration projects.
For more information on the conference, please click HC Wainwright.
About Solitario
Solitario is a natural resource exploration company focused on high-potential Tier-1 gold, copper, zinc and critical metals (molybdenum and rhenium) projects. Solitario's 100%-owned Golden Crest properties in South Dakota constitute strategic land holdings (25,150 acres) along the western and southwestern extensions of the Homestake-Wharf mining district that has produced approximately 52 million ounces of gold.
In addition to its Golden Crest project, Solitario holds a 100% interest in the Cat Creek molybdenum-rhenium project where drilling is being conducted; and the Bright Angel copper-gold project where drillhole permitting is nearing completion. Both projects are located in Colorado. Solitario also has a 50% joint venture interest (Teck Resources 50%) in the high-grade Lik zinc deposit in Alaska and a 39% joint venture interest (Nexa Resources 61%) in the high-grade Florida Canyon zinc project in Peru. Both Florida Canyon and Lik represent advanced exploration projects with over $110 million spent collectively on the properties. Solitario is carried to production on its Florida Canyon project through its joint venture arrangement with Nexa.
The Company is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario's Management and Directors hold approximately 7.7% interest in the Company (excluding options) and Newmont Corporation, Solitario's largest shareholder, owns 9.4% of the Company's 94.6 million shares outstanding. Solitario's cash position stands at approximately US$7.3 million. Additional information about Solitario is available online at www.solitarioresources.com.
For More Information Please Contact:
Chris HeraldPresident & CEO303-534-1030; ext. 1
SOURCE: Solitario Resources Corp.
View the original press release on ACCESS Newswire
This article first appeared on GuruFocus.
- Cash Position: Held cash and term deposits of AUD723 million at year-end, including the second tranche of the May placement that settled in July.
- Equity Raised: Raised over AUD930 million through three private placements and shareholder purchase plans during the year.
- Pro Forma Cash: On a pro forma basis, the company would have held cash of greater than AUD900 million.
- Convertible Notes: Executed long-form documentation for AUD200 million of convertible notes with NROC in May 2026.
- Strategic Equity Subscriptions: Entered binding subscription agreements for a total of AUD230 million with KfW (German Raw Materials Fund) and Export Finance Australia in March 2026.
- Offtake Agreements: Secured a binding offtake term sheet with Traxys North America for 500 tons of NdPr and 700 tons of Dy and Tb, and a term sheet with an Indian group for an additional 500 tons of NdPr and 7 tons per annum of Dy and Tb.
- Warning! GuruFocus has detected 1 Warning Sign with ARAFF.
- Is ARAFF fairly valued? Test your thesis with our free DCF calculator.
Release Date: September 04, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Arafura Rare Earths Ltd (ARAFF) has secured offtake agreements into five countries and ECA-covered debt from five countries, demonstrating strong multi-government and international support.
- The company has successfully raised over AUD 930 million in equity, including strategic investments from the NRF, EFA, and the German Raw Materials Fund, fully funding the Nolans Project.
- NdPr prices have seen a sustained lift, with the introduction of US and Japan pricing floors stabilizing the market and supporting a more transparent pricing environment.
- The Nolans Project is uniquely positioned as the only ore-to-oxide rare earth project in construction globally, offering a strategic advantage to bypass Chinese supply chains.
- The company has identified potential capital cost reductions of over AUD 200 million through design optimizations, helping to offset inflationary pressures on the project.
- Arafura Rare Earths Ltd (ARAFF) has secured binding offtake term sheets for its heavy rare earths (DyTb), with pricing mechanisms linked to independent, transparent seaborne indices.
- Construction is on track to commence in September 2026, with a clear 37-month schedule and a de-risked execution plan following early works completed in 2022.
Negative Points
- The company's share price performance has not met expectations, trading near its cash value, which management acknowledges is a significant concern for shareholders.
- Arafura Rare Earths Ltd (ARAFF) faces substantial project execution risks due to the complexity and remote location of the Nolans Project, which could lead to schedule delays or budget overruns.
- The company's market valuation is significantly lower than peers like Lynas Rare Earths and MP Materials, despite similar production levels, indicating a lack of investor confidence.
- China remains structurally dominant in the rare earths market, and its export controls and policy actions continue to pose a significant geopolitical risk to the rest-of-world supply chain.
- The company has experienced significant dilution from multiple capital raisings, which has impacted existing shareholders despite being necessary to fund the project.
- Arafura Rare Earths Ltd (ARAFF) is still awaiting final credit approvals from a small number of lenders to achieve contractual close on its project financing, creating uncertainty.
- The ramp-up to nameplate production is forecast to take two to three years after practical completion, which is a long period before the project can generate significant revenue.
Q & A Highlights
Q: Can you provide more clarification on the physical start date of major construction works and the timeline for key milestones?A: Darryl Cuzzubbo (CEO & Managing Director) confirmed that construction will start in September as planned, with access works beginning in about two weeks. The next large contract, bulk earthworks, is expected to be released in the middle of next quarter, with a goal to complete them by the middle of next year to allow concrete works to begin. This outlines the high-level critical path for the next six months.
Q: What is the Nolans' expected annual DyTb output, what percentage is locked into binding offtake agreements, and what is the plan for selling the remainder? Are these contracts index priced or do they have floor mechanisms?A: Peter Sherrington (CFO) stated that the project recovers roughly 40 tons of DyTb annually. They have already contracted approximately 15 tons with Traxys North America and an Indian counterparty. The remaining product will be matched with customers who require NdPr, particularly EV automakers needing high-performance magnets. Regarding pricing, they are unlikely to put a floor in but will negotiate annual prices or use mechanisms reflecting the tightness in the marketplace, though specific pricing regimes are commercial in confidence.
Q: Can you elaborate on the studies underway to increase recoveries of heavy rare earths and/or separate them further?A: Darryl Cuzzubbo (CEO & Managing Director) explained that they are looking at a separate project to process additional heavies, potentially recovering additional DyTb from the waste stream to increase output from 40 tons to 50-55 tons. This would also involve processing it into a separate DyTb oxide. This is a separate project subject to a separate decision that will be brought to the market at a later point.
Q: How will the ore-to-oxide refining process be conducted more safely and environmentally responsibly in Australia compared to China?A: Darryl Cuzzubbo (CEO & Managing Director) noted that with nine lenders across five countries, they must meet international standards. The process is similar to hydrometallurgical solvent extraction used at Olympic Dam and can be done responsibly. Peter Sherrington (CFO) added that a key differentiator is that all waste material is handled on a single site under one residue storage facility with one regulator, unlike in China where processing is often done at separate sites. Tommie van der Walt (Chief Projects Officer) added that environmental impact is part of the design criteria.
Q: How long after commencement of construction until you have product to sell, and what is the timeline to mechanical completion?A: Darryl Cuzzubbo (CEO & Managing Director) outlined a 37-month construction schedule from the start of construction in September. Practical completion is expected towards the end of 2029, followed by a two-year commissioning and ramp-up process. This would see first production at the end of 2029, with production reaching nameplate capacity at the end of 2031 or early 2032.
Q: Will the debt be finalized and binding prior to your departure, and what are the conditions around the US government $300 million debt facility? Will it be executed as part of the full debt stack?A: Peter Sherrington (CFO) confirmed that reaching contractual close is one of his main objectives before leaving. He clarified that the $775 million of senior debt facilities excludes the letter of support from US EXIM. The US EXIM facility is not considered part of the initial senior debt stack but is an opportunity to be pursued alongside any project expansion, such as for heavy rare earths or a stage 2.
Q: The share price performance has not met expectations. What are we doing as a company to improve the share price going forward?A: Darryl Cuzzubbo (CEO & Managing Director) acknowledged the situation, noting the company's cash balance is not much different from its market cap. He outlined two key actions: continuing to get in front of investors to highlight their unique position as the only ore-to-oxide project in construction that can bypass China, and delivering on construction milestones. He noted that other rare earths projects have also pulled back, but expects a re-rating as they progress and deliver on their commitments.
Q: Does the current board composition have the right people to successfully deliver the Nolans Project and support the executive team?A: Darryl Cuzzubbo (CEO & Managing Director) explained that over the last two years, they have deliberately built out both the management team and the board with execution capability for the construction phase. He highlighted recent board appointments including Mike Spreadborough with operational expertise from Olympic Dam, Roger Higgins with large project experience, and Ian Murray with financial and CEO experience. He stated they are well-positioned from both a board and management perspective for the current phase.
Q: What are the specific initiatives and capital market communication plans in place to protect the company's standing in the S&P/ASX 300 and MSCI indexes?A: Darryl Cuzzubbo (CEO & Managing Director) stated they continue to engage with investors in Australia, Asia, and North America, highlighting their position as an alternative to China. He pointed out the discrepancy between their market cap and that of peers like Lynas and MP Materials, despite similar production levels. A company representative added that they recognize the need for broader research coverage and are working on an engagement program including institutional meetings, analyst briefings, and targeted outreach. Angela Bigg (new CFO) emphasized the importance of demonstrating credibility by delivering on milestones.
Q: Following FID, what are the remaining conditions to be satisfied to achieve financial close and senior debt drawdown?A: Peter Sherrington (CFO) explained that FID has been called, and the next critical milestones are contractual close, which requires closing out a couple of final credit approvals. Most lenders are complete and ready to go, but the whole group must be ready to execute. Following that, the settlement of strategic investments from EFA and the German Raw Materials Fund is critical for construction to commence.
Q: Are there any expectations that further capital will be required, and what about potential future dilution?A: Darryl Cuzzubbo (CEO & Managing Director) stated clearly that the company is currently fully funded and focused on construction. There is no work on any capital raises at this time.
Q:
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Global demand tied to AI related investment is shaping trade and capital flows, and that is putting growth companies with clear earnings ambitions back in focus. Investors are searching for businesses that can convert this demand into real revenue, and management teams that are confident enough to back their own outlook with meaningful share ownership. This article walks through three fast growing stocks with high insider ownership that fit that brief.
The three stocks below are just a starting sample, and the full screen on Simply Wall St surfaces 102 more companies with similarly compelling growth and insider ownership stories that are not covered here. To identify and analyze the opportunities that best fit your own criteria, head straight to the Fast Growing Stocks With High Insider Ownership screener.
PDI Gold is a West Africa focused gold company developing and operating mines, with the Kiniéro Gold Project in Guinea as its flagship 398 km² exploration to development asset. The company also has interests in the Bankan Gold Project in Guinea and the Nampala Gold Mine in Mali, which add further optionality if development and operations progress as planned. PDI Gold currently has a market cap of about A$4.4b.
Investors watching the Fast Growing Stocks With High Insider Ownership theme may see PDI Gold as a pure play on the Kiniéro build out, where ramping production, a large resource and active exploration all sit behind analyst forecasts for future revenue and earnings. At the same time, the story involves meaningful risk. The company is still loss making, has less than a year of cash runway and relies on external funding while it waits on key permits in Guinea and manages country risk in Mali. If execution, financing and permitting are successfully managed, the combination of growth potential and insider alignment at PDI Gold may appeal to investors who are comfortable with higher risk, development stage exposure.
High risk growth at PDI Gold can look exciting when insiders are heavily invested and a flagship project anchors the story. Before taking a view, it helps to see the 2 key rewards and 3 important warning signs investors often miss in the 2 key rewards and 3 important warning signs (2 are major!)
ASX:PDI Earnings & Revenue Growth as at Aug 2026 Telix Pharmaceuticals (ASX:TLX)
Telix Pharmaceuticals develops and sells radiopharmaceutical products that help doctors image and treat cancers. Its Precision Medicine and Therapeutics pipeline, including TLX591 for advanced prostate cancer, ties it closely to the fast growing theme in this screener. The business is already commercial, with about US$704.7 million of revenue from Precision Medicine and US$277.1 million from Manufacturing Solutions, and additional internal adjustments between segments. Telix Pharmaceuticals currently has a market cap of about A$5.3b.
Investors watching fast growing stocks with high insider commitment may view Telix Pharmaceuticals as a way to get exposure to cancer imaging and treatment products that are already generating revenue, while still having a pipeline that could change the scale of the business if key trials and approvals progress as expected. H1 2026 revenue of US$477 million, Q2 revenue growth of 22% and EBITDA of US$52 million show that Illuccix, Gozellix and manufacturing are already meaningful, and recent trial progress on TLX591 and TLX250 plus the Regeneron partnership add further optionality. The flip side is real risk around high R&D spend, debt and cash flow pressure, regulatory reviews and pricing competition. This combination means Telix can potentially reward patient investors if things go right, but also demands a high tolerance for volatility and clinical setbacks.
Telix Pharmaceuticals is already generating hundreds of millions in revenue, yet the real inflection might still be ahead. Get the full story, including key trial and balance sheet pressure risks, in the analysis report for Telix Pharmaceuticals
ASX:TLX Earnings & Revenue Growth as at Aug 2026 Lindian Resources (ASX:LIN)
Lindian Resources is a Perth based explorer focused on gold, bauxite and rare earth elements across Tanzania, Guinea, Malawi, Australia and Singapore, with the Kangankunde Rare Earths project in Malawi as its flagship and clearest link to fast growing demand for rare earths in clean energy and tech supply chains. As an exploration and development stage company, Lindian is not yet reporting segment level revenue, so the investment story is built around future production potential rather than current sales. The stock currently has a market cap of about A$1.4b.
Lindian Resources gives you pure exposure to a rare earths story that is already moving from drill results toward planned production, with Kangankunde in Malawi and a processing route through the SARECO facility in Kazakhstan both targeting Q4 2026. Forecast revenue growth of around 138.8% a year and an expected shift into profitability within three years show why the market is paying up for this growth profile, even with a rich P/B multiple. The trade off is real. The company is still loss making, relies on external funding, has diluted shareholders recently and faces execution risk on commissioning, processing and sales. For investors comfortable with higher risk growth stories, that mix of potential and uncertainty is exactly where deeper research on Lindian may start to get interesting.
Accelerating rare earths potential at Lindian Resources is only half the picture. The real question is how that growth profile lines up against what analysts expect next. See how the story stacks up in the analyst forecasts for Lindian Resources
ASX:LIN Earnings & Revenue Growth as at Aug 2026 Seeking Alternatives Before The Crowd Moves
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VANCOUVER, BC / ACCESS Newswire / August 27, 2026 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) ("Stillwater" or the "Company") is pleased to announce an updated and expanded Mineral Resource estimate (the "2026 MRE") for its flagship Stillwater West critical minerals project in Montana, USA. The updated estimate includes 805.1 million tonnes of Inferred Mineral Resources grading 0.34% total nickel equivalent ("NiTEq") (see Tables 1 and 2) containing 4.8 billion pounds ("Blbs") of nickel, copper and cobalt, and 7.4 million ounces ("Moz") of platinum, palladium, gold and rhodium in a base-case model using a 0.20% NiTEq cut-off grade. The resource also includes a further 29.4 million tonnes of Indicated Mineral Resources grading 0.38% NiTEq containing 190 million pounds ("Mlbs") of nickel, copper and cobalt, and 0.359 Moz of platinum, palladium, gold and rhodium. Higher cut-off grades at 0.35% and 0.50% NiTEq are also presented as a sensitivity representing higher-grade zones.
The 2026 MRE reflects a substantial advancement in the Company's understanding of the Stillwater West mineral system, incorporating additional drilling, robust verification of historical data, refined geological and structural interpretations supported by comprehensive geophysical survey coverage, and an updated geologic and resource model. The updated estimate provides a stronger technical foundation for continued resource expansion, planned metallurgical testing and mining studies to support the advancement of one of North America's largest undeveloped polymetallic critical mineral systems.
2026 Mineral Resource Estimate Highlights
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Resource estimate comprises 29.4 million tonnes of Indicated and 805.1 million tonnes of Inferred Mineral Resources containing 3.01 Blbs nickel, 1.52 Blbs copper, 283 Mlbs cobalt, 2.28 Moz platinum, 3.97 Moz palladium, 864 thousand ounces ("Koz") gold, and 310 Koz rhodium at 0.20% NiTEq cut-off (see Tables 1 and 2 for grades and additional details).
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First definition of an Indicated Mineral Resource, marking an important milestone in the advancement of the Stillwater West project and reflecting substantially increased geological confidence.
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Significantly expanded resource estimate for priority critical minerals including nickel, copper, cobalt, and rhodium, making Stillwater West the largest known rhodium deposit in North America and the largest nickel and cobalt deposit in an active US mining district.
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Expansion of Inferred chromium resource to 6.6 Blbs confirming the Stillwater complex as one of the only past producing and current significant resources in the United States. No economic or recovery assumptions have been made about chromium which co-occurs with the other metals, and it is not included in the NiTEq calculations.
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Four zones are modeled across the central 10-kilometers of the project area, with the updated geological modelcombining the previously separate CZ and Central deposits at Iron Mountain.
Michael Rowley, President and CEO of Stillwater Critical Minerals, commented: "This updated Mineral Resource estimate marks an important step forward for Stillwater West. Beyond the substantial increase in the estimated tonnage and contained metal, the establishment of our first Indicated Mineral Resource and the continued refinement of our geological model significantly enhance our understanding of this large and evolving mineral system. The 2026 resource estimate provides a stronger technical foundation for advancing metallurgical studies, engineering and future economic evaluation, while reinforcing our belief that Stillwater West ranks among North America's most significant undeveloped polymetallic critical mineral projects."
Dr. Danie Grobler, Vice-President Exploration, commented: "The 2026 resource estimate reflects the integration of new drill results, historical data, structural interpretation, and geophysical information into an increasingly robust geological model. That work has significantly improved our understanding of the continuity and geometry of mineralization across the district, supporting the classification of the Company's first Indicated Mineral Resource and providing a stronger framework for potential future resource expansion, resource confidence category upgrades, and technical studies."
2026 Mineral Resource Estimate
TABLE 1 – Grade at Three NiTEq Cut-off Grades
Stillwater West Indicated and Inferred Mineral Resource Estimates, August 27, 2026
TABLE 2 – Contained Metal at Three NiTEq Cut-off Grades
Stillwater West Indicated and Inferred Mineral Resource Estimates, August 27, 2026
Notes to accompany Mineral Resources Estimates presented in Tables 1 and 2:
Mineral Resources are reported within a constraining pit shell using the 2014 CIM Definition Standards.
Mineral Resources have an effective date of August 27, 2026. The Qualified Person for the estimate is Mr. Timothy O. Kuhl, RM SME, of Mine Technical Services.
A NiTEq is used for reporting Mineral Resources. NiTEq base case cutoff is 0.20%. The NiTEq is determined based on metal prices of US$8.00/lb for Ni, US$4.50/lb for Cu, US$11.00/lb for Co, US$1250.00/oz for Pt, US$1250.00/oz for Pd, US$3000.00/oz for Au and US$6500/oz for Rh. Recoveries of 80% were used for Ni, Co, Pt, Pd, Au, Rh and the Cu recovery used was 85%. NiTEq% is calculated based on the above metal prices and recoveries, resulting in NiTEq = Ni% + (Cu% × 0.598) + (Co% × 1.375) + (Pt g/t × 0.228) + (Pd g/t × 0.228) + (Au g/t × 0.547) + (Rh g/t × 1.185).
Open pit mining is assumed. Assumptions used to develop pit shell include: mining cost of $2.50/t and a processing cost of $18/t of ore. The processing cost includes costs for G&A, smelter and shipping charges. A 50° pit slope is assumed.
Tonnage and grade estimates are in metric units.
Mineral Resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate, and numbers may not add due to rounding.
Equivalent contained metal and grades do not include Cr.
There are no legal, political, environmental or other risks known to the Qualified Persons consider would materially affect the Mineral Resource estimates.
The 2026 MRE incorporates new drilling, selected historical drilling, refined geological interpretation and structural modelling. The estimate was prepared by Mr. Tim Kuhl of Mine Technical Services ("MTS"), an independent Qualified Person, in accordance with National Instrument 43-101. Mr. Kuhl and his team gained significant experience with Platreef-style mineralization during their time at Wood, AMEC Foster Wheeler, and AMEC and over the past two decades working under the late Dr. Harry Parker. This experience informed the approach applied to the thick mineralized zones of the Stillwater West project, where dynamic anisotropy search geostatistical techniques using locally varying anisotropy were applied across the different structural domains identified in the updated geological model. This is the first time this approach has been used at Stillwater West. There are no known legal, political, environmental or other risks that the Qualified Persons consider could materially affect the potential development of the Mineral Resources.
The updated estimate incorporates 14 new drill holes (5,781 meters) from the 2023 and 2025 drilling campaigns as well as historic drillholes not included in the previous Mineral Resource estimate as a result of detailed QA/QC review. Dr. Ted Eggleston, P.Geo., of MTS, a Qualified Person who is also independent of the Company, verified the current and historical assay and geological data through a detailed review of QA/QC information and original laboratory certificates. The Qualified Persons also conducted two field visits to the Stillwater drill sites and core facility. The Qualified Persons reviewed the historical metallurgical data and benchmarking information provided by the Company on analogue deposit metallurgical performance, and reviewed information provided by the Company on aspects of mineral claims, surface rights, royalties, permitting and environmental considerations. The Qualified Persons identified no material limitations in the data verification process that would affect the Mineral Resource estimate.
The results of the 2026 MRE show separate resource areas at Chrome Mountain and Iron Mountain, with the latter comprising the CZ-Central-HGR-Crescent mineralized system. Together, Chrome Mountain and Iron Mountain represent two large, polymetallic areas of mineralization that begin at surface. Figures 2 through 7 illustrate the extensive mineralization in these areas including areas with higher-grade zones. The 2026 drilling campaign is focused on extending the Chrome Mountain mineralization extent (see Figures 2, 3, 4, and 5) and joining the CZ-Central deposits with the HGR deposit at Iron Mountain (see Figures 2, 3, 4, and 6).
Advancing the Geological Model
The 2026 MRE represents the culmination of multiple exploration campaigns and a significantly improved understanding of the Stillwater West mineral system. The Company's technical team has progressively refined its geological model through the integration of tens of thousands of meters of drilling, detailed geological mapping, geophysical surveys and ongoing data validation and interpretation. The resulting model provides greater confidence in the continuity and geometry of mineralization across the district, supporting the estimate of the Company's first Indicated Mineral Resource and providing a stronger framework for future exploration, resource conversion and technical studies.
Key information used in the 2026 MRE includes:
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Results from the 2023 and 2025 drill campaigns.
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Validation and refinement of the Company's district-scale geological model.
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Updated structural interpretation improving mineralized domain continuity supported by new drilling and multiple property wide geophysical surveys.
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Metallurgical recovery assumptions based on historical testwork and benchmarked comparable deposit types.
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Expanded rhodium sample database, updated estimation methodology and resource modelling.
Foundation for Future Development
The 2026 MRE also establishes the detailed grade-block model that will support the next phase of technical studies, including:
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Future drill targeting and potential resource confidence category upgrades.
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Implementation of metallurgical testing programs.
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Mine planning and development scenario evaluations.
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Continued community relations and engagement.
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Evaluation of potential mid- to higher-grade zones that might be sequenced earlier in future economic studies.
As the Company advances Stillwater West toward development, this technical framework is expected to improve exploration efficiency while supporting the continued de-risking of one of North America's largest undeveloped polymetallic critical mineral systems.
Development Optionality
The 2026 MRE includes a substantial increase in higher-grade nickel-PGE-copper-cobalt-chromium mineralization, providing greater flexibility as the Company evaluates future potential development scenarios.
The enhanced higher-grade component broadens the range of engineering and mine planning alternatives available for evaluation, including the assessment of potential staged development approaches and early higher-grade sequencing opportunities within a larger district-scale development strategy.
Rhodium Resource Expansion
Recent drilling identified widespread rhodium mineralization at both Chrome Mountain and Iron Mountain. The 2026 MRE expands the project's contained rhodium metal content estimates, reinforcing Stillwater West as the largest known rhodium deposit in North America.
Rhodium is one of the world's rarest platinum group metals and is used in high-performance catalytic and industrial applications. In addition to rhodium, assay results at Stillwater West indicate co-occurrence of the rare platinum group metals iridium, osmium and ruthenium.
District-Scale Potential
While the 2026 MRE significantly expands the mineralization at Stillwater West, the area estimated occupies only a 10-kilometer portion of the Company's 32-kilometer-wide land position across the Stillwater Igneous Complex. Multiple large-scale geophysical and geological targets identified through recent exploration programs remain untested, providing substantial opportunities for future resource growth.
Priority exploration areas include:
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Chrome Mountain expansion
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Iron Mountain expansion, including the CZ-Central, HGR and Crescent deposits.
These areas provide opportunities to expand and upgrade known mineralized systems while also testing potential additional mineralized centers elsewhere across the district.
Stillwater West is located immediately adjacent to Sibanye-Stillwater's operating PGE mines and processing infrastructure in Montana and benefits from excellent access to transportation, power, a skilled workforce and other advantages associated with a long-established mining district. The project also aligns with growing U.S. initiatives to secure domestic supplies of nickel, copper, cobalt and platinum group metals that are increasingly important for energy, electrification and national security.
Upcoming Events
Company representatives will be attending the following events and look forward to discussing the 2026 resource estimate and upcoming catalysts:
Commodities Global Expo – Phoenix, AZ, USA, September 18-20, 2026.
Precious Metals Summit – Beaver Creek, CO, USA, September 22-25, 2026.
Better in Our Backyard – Minneapolis, MN, USA, September 29 – October 2, 2026.
AEMA Annual Meeting – Sparks, NV, USA, December 6-11, 2026.
Montana Mining Association Winter Meeting 2026 – Billings, MT, USA, December 8-9, 2026.
About Stillwater Critical Minerals Corp.
Stillwater Critical Minerals (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) is a mineral exploration and development company advancing its 100%-owned Stillwater West Ni-PGE-Cu-Co-Cr + Au project in the Stillwater mining district of Montana, USA. Stillwater West is directly adjacent to Sibanye-Stillwater's operating Stillwater mines and processing infrastructure, the only primary platinum group element-producing complex in the United States. An NI 43-101 Mineral Resource estimate released in August 2026 positions Stillwater West as one of the largest nickel and platinum group element resources in the United States and includes ten metals currently listed as critical. With strategic investments by Glencore and an experienced technical team with expertise in Bushveld- and Platreef-style systems, the Company is advancing Stillwater West through ongoing resource expansion, resource upgrades and technical studies.
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
Qualified Persons
The Stillwater West Ni-PGE-Cu-Co + Au project 2026 Mineral Resource estimate was prepared by Timothy O. Kuhl, RM SME, and Dr. Ted Eggleston, Ph.D., RM SME, of Mine Technical Services, who are independent Qualified Persons, in accordance with the guidelines of the Canadian Securities Administrators' National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") with an effective date of August 27, 2026. Dr. Eggleston and Mr. Kuhl most recently visited the property on September 16, 2025. Dr. Eggleston and Mr. Kuhl reviewed and approved the technical content of this news release with respect to the 2026 Mineral Resource estimate. A technical report will be filed on SEDAR+ within 45 days of this news release.
Mr. Mike Ostenson, P.Geo., is the Company's Qualified Person for the purposes of National Instrument 43-101, and he has reviewed and approved the technical disclosure outside of the 2026 Mineral Resource estimate that is contained in this news release.
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 timelines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, statements about expected results of operations, royalties, cash flows, financial position and future dividends, prospects, 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, unsuccessful operations, 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 Company with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration, development of mines and mining operations 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 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
View the original press release on ACCESS Newswire
OTTAWA, ON, Aug. 26, 2026 /CNW/ — Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to report results of the 3D induced polarization ("IP") geophysical survey completed at the Company's flagship Root & Cellar Property ("Root & Cellar" or the "Property") on the Burin Peninsula of eastern Newfoundland. The Property is being explored for porphyry copper ± molybdenum, gold and tellurium, and for epithermal gold-silver-tellurium.
A review of the first 3D inversion modelling of chargeability and resistivity over a 4.6 km² grid covering the Creston copper porphyry target has been completed with four priority targets defined (Figure 1a and b). Three, IP-1, IP-2 and IP-3, appear to be connected, lying in the same zone of elevated chargeability. The fourth, IP-4, is a separate target to the north and possibly related to the Conquest gold zone.
Target IP-1
IP-1 is a near-surface chargeability response of approximately 9.5 mV/V coinciding with a bornite / possible chalcocite occurrence found during ground truthing of the target. It plunges shallowly to the SE into the IP-2 anomaly.
Targets IP-2 & 3
IP-2 extends from near surface to approximately 450 m depth with chargeability responses from 9.8 to 12.5 mV/V, and resistivity averaging approximately 6,875 ohm-m – the strongest combined response in the survey and the highest-priority target from the survey. IP-3 has a modelled chargeability of 9 to 11.2 mV/V at depths between 245 and 570 m and lies on the southern flank of a magnetic high that is interpreted as the porphyry intrusion that is driving the system (Figure 2). IP-2 and -3 combined, have a strike-length of approximately 1,000 m with a trend parallel to both the diatreme breccia complex and the copper (lead-zinc) mineralization in the neighbouring quarries. These anomalies are on the edge of the grid and hence their geometry and magnitude cannot be fully determined. They also lie outside the area of Northern Shield's soil geochemical sampling in an area that has not been evaluated by prior exploration.
Target IP-4
IP-4 measures approximately 240 m by 300 m in plan extending from near surface to approximately 400 m depth. It is characterised by chargeability of 8.5 to 9.0 mV/V coincident with resistivity averaging approximately 9,350 ohm-m, the most resistive area in the survey. This combination of elevated chargeability with strongly elevated resistivity is typical of disseminated sulphides hosted in quartz veins or silicified alteration.
Interpretation
The magnitude of the chargeability responses at Root & Cellar is consistent with expectations for the core of an alkalic porphyry system. Induced polarization responds to the surface area of sulphide rather than to copper grade, and alkalic mineralization is typically sulphide-poor and dominated by high-tenor copper minerals such as bornite and chalcocite. Higher chargeabilities in porphyry systems are usually attributed to the alteration cap that contains abundant disseminated pyrite and not the mineralized core.
"This survey has done exactly what we asked of it. It has taken a copper showing we could stand on and shown us that it is the near-surface expression of something considerably larger, extending several hundred metres to depth, to the southeast and still open. We now have a clear, prioritised basis for drilling. Also, beyond defining the copper target, the survey has identified an untested target that may be part of the Conquest Zone."
– Ian Bliss, President and CEO, Northern Shield
Next Steps
Ground truthing of the targets continues and a permit for 15 new drill hole collars has just been received, in addition to the 14 that remain permitted from last year. Nine of these new drill hole collar locations are in the main Conquest Zone.
The DasVision® 3D IP survey was completed by Abitibi Geophysics Inc. of Val-d'Or, Quebec. The survey used a distributed receiver array employing IRIS Instruments FullWaver technology in a pole-dipole configuration, with 100 m receiver dipole separations and current injections every 100 m over approximately 4.6 km². A total of 148 of 150 planned current injections were completed and 9,464 data points collected.
The technical information in this news release has been reviewed and approved by Mike Muggridge, P. Geo., an independent consultant and "Qualified Person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company, a leader in generating high-quality exploration targets, which views greenfield exploration as an opportunity to find a mineable, near surface deposit 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 copper mineralization, and then to its advancement to the large gold-silver-tellurium and porphyry copper system that it has become.
Forward-Looking Statements Advisory
This news release contains statements concerning the exploration plans, results and potential for porphyry copper, epithermal gold, nickel-copper-cobalt and other mineralization at the Company's Root & Cellar and Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.
The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/26/c4383.html
OTTAWA, ON, Aug. 26, 2026 /CNW/ — Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to report results of the 3D induced polarization ("IP") geophysical survey completed at the Company's flagship Root & Cellar Property ("Root & Cellar" or the "Property") on the Burin Peninsula of eastern Newfoundland. The Property is being explored for porphyry copper ± molybdenum, gold and tellurium, and for epithermal gold-silver-tellurium.
A review of the first 3D inversion modelling of chargeability and resistivity over a 4.6 km² grid covering the Creston copper porphyry target has been completed with four priority targets defined (Figure 1a and b). Three, IP-1, IP-2 and IP-3, appear to be connected, lying in the same zone of elevated chargeability. The fourth, IP-4, is a separate target to the north and possibly related to the Conquest gold zone.
Target IP-1
IP-1 is a near-surface chargeability response of approximately 9.5 mV/V coinciding with a bornite / possible chalcocite occurrence found during ground truthing of the target. It plunges shallowly to the SE into the IP-2 anomaly.
Targets IP-2 & 3
IP-2 extends from near surface to approximately 450 m depth with chargeability responses from 9.8 to 12.5 mV/V, and resistivity averaging approximately 6,875 ohm-m – the strongest combined response in the survey and the highest-priority target from the survey. IP-3 has a modelled chargeability of 9 to 11.2 mV/V at depths between 245 and 570 m and lies on the southern flank of a magnetic high that is interpreted as the porphyry intrusion that is driving the system (Figure 2). IP-2 and -3 combined, have a strike-length of approximately 1,000 m with a trend parallel to both the diatreme breccia complex and the copper (lead-zinc) mineralization in the neighbouring quarries. These anomalies are on the edge of the grid and hence their geometry and magnitude cannot be fully determined. They also lie outside the area of Northern Shield's soil geochemical sampling in an area that has not been evaluated by prior exploration.
Target IP-4
IP-4 measures approximately 240 m by 300 m in plan extending from near surface to approximately 400 m depth. It is characterised by chargeability of 8.5 to 9.0 mV/V coincident with resistivity averaging approximately 9,350 ohm-m, the most resistive area in the survey. This combination of elevated chargeability with strongly elevated resistivity is typical of disseminated sulphides hosted in quartz veins or silicified alteration.
Interpretation
The magnitude of the chargeability responses at Root & Cellar is consistent with expectations for the core of an alkalic porphyry system. Induced polarization responds to the surface area of sulphide rather than to copper grade, and alkalic mineralization is typically sulphide-poor and dominated by high-tenor copper minerals such as bornite and chalcocite. Higher chargeabilities in porphyry systems are usually attributed to the alteration cap that contains abundant disseminated pyrite and not the mineralized core.
"This survey has done exactly what we asked of it. It has taken a copper showing we could stand on and shown us that it is the near-surface expression of something considerably larger, extending several hundred metres to depth, to the southeast and still open. We now have a clear, prioritised basis for drilling. Also, beyond defining the copper target, the survey has identified an untested target that may be part of the Conquest Zone."
– Ian Bliss, President and CEO, Northern Shield
Next Steps
Ground truthing of the targets continues and a permit for 15 new drill hole collars has just been received, in addition to the 14 that remain permitted from last year. Nine of these new drill hole collar locations are in the main Conquest Zone.
The DasVision® 3D IP survey was completed by Abitibi Geophysics Inc. of Val-d'Or, Quebec. The survey used a distributed receiver array employing IRIS Instruments FullWaver technology in a pole-dipole configuration, with 100 m receiver dipole separations and current injections every 100 m over approximately 4.6 km². A total of 148 of 150 planned current injections were completed and 9,464 data points collected.
The technical information in this news release has been reviewed and approved by Mike Muggridge, P. Geo., an independent consultant and "Qualified Person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company, a leader in generating high-quality exploration targets, which views greenfield exploration as an opportunity to find a mineable, near surface deposit 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 copper mineralization, and then to its advancement to the large gold-silver-tellurium and porphyry copper system that it has become.
Forward-Looking Statements Advisory
This news release contains statements concerning the exploration plans, results and potential for porphyry copper, epithermal gold, nickel-copper-cobalt and other mineralization at the Company's Root & Cellar and Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.
The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/26/c4383.html
VANCOUVER, B.C. – August 25, 2026 (NEWMEDIAWIRE) – Ares Strategic Mining Inc. (CSE: ARS) (OTCQX: ARSMF) (FRA: N8I1) ("Ares" or the "Company") is pleased to announce that it has taken the necessary steps and completed key planning to pursue an uplist of its securities to the Nasdaq Capital Market. The Company is targeting completion of the uplist in 2026.
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Company Targets NASDAQ Capital Market Listing in 2026, Enhancing Accessibility for U.S. Institutional and Retail Investors and Avoiding Rollbacks for Canadian Shareholders
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This initiative responds directly to feedback from potential institutional investors whose brokerages currently restrict trading in OTC securities, as well as the practical challenges some existing U.S. shareholders have experienced when seeking to exercise warrants. By moving to Nasdaq, Ares expects to unlock meaningfully higher trading volume, broaden its investor base, and deliver improved accessibility and liquidity for both current and future shareholders.
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Sponsored American Depositary Share Program with BNY
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To facilitate the Nasdaq listing, Ares is establishing a sponsored American Depositary Share ("ADS") program with The Bank of New York Mellon ("BNY") acting as depositary. On July 17, 2026, Ares and BNY entered into an agreement addressing the establishment, administration, and maintenance of the program.
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The securities intended to be publicly offered and listed on the Nasdaq Capital Market will be American Depositary Shares. Each ADS will represent a fixed number of common shares of the Company. The final ADS-to-common-share ratio will be determined in consultation with BNY, the underwriters, Nasdaq, and the Company's legal and financial advisers. The ratio will be selected with regard to the expected offering price, the prevailing Canadian trading price, foreign-exchange rates, the anticipated number of ADSs to be offered and outstanding, and the applicable Nasdaq distribution and bid-price requirements.
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The common shares underlying the ADSs will be deposited with BNY or its Canadian custodian. As the Depositary Bank for the Ares ADS program, BNY will administer the program, including, but not limited to, the issuance and cancellation of ADSs, recordkeeping, settlements, distributions, and shareholder communications, in accordance with the registration statement to be filed and subject to applicable law, fees and taxes.
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Capital will be raised when Ares issues the underlying common shares in the public offering and BNY issues the corresponding ADSs to the underwriters. Subsequent exchanges of outstanding common shares for ADSs, or ADSs for common shares, will generally change only the form in which the securities are held, without altering the Company's total outstanding share capital.
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Conditions to Completion
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Completion of the establishment of Ares' ADS program remains subject to finalization and execution of the Form F-6 Registration Statement which includes the Deposit Agreement, establishment of the ADS ratio completion of the Company's Form F-10 and prospectus-supplement process, DTC and CUSIP arrangements, Nasdaq approval, and satisfaction of the conditions to closing of the underwritten offering. Accordingly, the execution of the BNY agreement should not be interpreted as confirmation that the ADS facility is already effective or that Nasdaq has approved the listing.
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Looking Ahead
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James Walker, President and Chief Executive Officer of Ares Strategic Mining, commented: "Moving to Nasdaq is a natural and exciting next step for Ares. We have built a fully permitted domestic fluorspar operation in Utah, and secured meaningful U.S. government relationships and contracts. The U.S. listing on Nasdaq supported by a sponsored ADS program with BNY, is designed to open the door for a broader universe of institutional and retail investors who have told us they want to participate but currently face brokerage or warrant-exercise barriers on the OTC market. We are targeting September 30th, 2026, as our completion date and are working diligently with our advisers, underwriters, and BNY to bring this milestone across the finish line. This is about making Ares more accessible, more liquid, and better positioned for the growth chapter that lies ahead."
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ABOUT ARES STRATEGIC MINING
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Ares Strategic Mining Inc. is the only domestic fluorspar producer in the United States and is developing a vertically integrated critical minerals platform through its Lost Sheep Mine and processing facilities in Utah. The Company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.
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Lost Sheep Fluorspar Project – Delta, Utah
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100% owned – 5,982 acres – 302 Claims
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Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.
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Fully Permitted – including mining permits.
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NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.
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Mining plan approved by BLM.
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ON BEHALF OF THE BOARD OF DIRECTORS OF ARES STRATEGIC MINING INC.James WalkerChief Executive Officer and PresidentFor further information, please contact James Walker by email at info@aresmining.com
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DISCLOSURE AND FORWARD-LOOKING STATEMENTS:
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Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Historically, situations where the issuer decides to put a mineral project into production without first establishing mineral reserves supported by a technical report and completing a feasibility study have a higher risk of economic or technical failure, though some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of its Utah asset.
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Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the relevant securities exchange(s), the failure to complete the ADS program or Nasdaq listing on the expected timeline or at all, market conditions, regulatory approvals, and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
View the original release on www.newmediawire.com
Highlights include 13.4m @ 1.55% Ni, 0.33% Cu and 2.02 g/t PGM+Au, including 6.7m @ 2.25% Ni, 0.55% Cu and 3.14 g/t PGM+Au, and 6.0m @ 6.81 g/t PGM+Au
TORONTO, Aug. 24, 2026 /CNW/ — Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") is pleased to report assay results from the Babylon target area, located adjacent to the North Sector of its 100%-owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga Deposit" or "Luanga PGM+Au+Ni Deposit"), located in the Carajás Mineral Province, Pará State, Brazil.
"Follow up drilling to the magmatic Ni/Cu-rich mineralization in the Babylon region continues to show encouragement, with higher grades and mineralized thicknesses than reported in May 2026. These results continue to suggest potential for additional mineralization below the existing Luanga PGM+Au+Ni Deposit," said Luís Azevedo, Chairman and CEO. "The preliminary interpretation from the recently completed Deep IP survey line that also covers Babylon appears to support the rational for deeper testing below the known mineralization we have defined to date as well as following up on the high grade PGM+Au mineralization also intersected in this drill hole. Meanwhile, our fully funded Cu/Au-focused exploration activities continue to ramp up, with approximately 7.6km (3 lines) of IP completed to date, out of a planned 50km IP survey program".
Highlights Include
- DDH26LU347 tested an anomaly generated from Bore Hole Electromagnetics ("BHEM") on previously reported drill hole, DDH26LU330, successfully intercepting a massive to semi-massive sulphide zone from 205.58m downhole.
- The sulphide zone is associated with a chromitite interval hosted in orthopyroxenites of the Luanga Transition Zone, and consists of pyrrhotite (gangue), pentlandite (primary Ni sulphide mineral) and chalcopyrite (primary Cu sulphide mineral), as shown in polished thin section (Figure 2).
- DDH26LU347 also intersected a separate 6.0m interval grading 6.81 g/t PGM+Au from 122.70m downhole, with low sulphide values.
- BHEM surveying is planned to assist in further follow-up drilling.
- Furthermore, the Deep Induced Polarization ("IP") survey associated with ongoing Cu-Au exploration, which also covers the Babylon target, has identified a significant IP anomaly (Figures 5 and 6) at depth, which warrants priority drill testing.
Drilling Highlights
|
HOLE-ID |
From (m) |
To (m) |
Thickness (m) |
Au (g/t) |
Pt (g/t) |
Pd (g/t) |
Rh |(g/t) |
Ni *(%) Sulphide |
Cu (%) Sulphide |
PGM+Au (g/t) |
TYPE |
|
DDH26LU347 |
122.70 |
128.70 |
6.00 |
0.02 |
3.84 |
2.30 |
0.64 |
0.01 |
0.01 |
6.81 |
FR/LS |
|
And |
205.58 |
219.02 |
13.44 |
0.02 |
0.77 |
1.21 |
0.02 |
1.55 |
0.33 |
2.02 |
FR |
|
Including |
205.58 |
212.30 |
6.72 |
0.03 |
1.34 |
1.73 |
0.04 |
2.25 |
0.55 |
3.14 |
FR |
|
Notes: |
All 'From', 'To' depths, and 'Thicknesses' are downhole. Intercepts are estimated at 102% of true thickness. |
|
Type: FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization. |
|
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* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel. |
Luanga Ni/Cu Exploration
The most recent drill hole targeting Ni/Cu sulphides proximal to the Luanga Deposit, DDH26LU347, is in the North Sector, approximately 300m south of the Babylon target (Figure 7) and stratigraphically below and immediately east of the main PGM+Au+Ni mineral resource.
DDH26LU347 was designed to test an Electromagnetic ("EM") plate generated from the BHEM survey conducted on nearby previous hole DDH26LU330 (reported May 19, 2026) drilled in this area. EM data was processed and interpreted by Bravo's geophysical consultants, delineating a high conductivity plate model, dipping 40 degrees at approximately a 270-dip direction.
DDH26LU347 successfully intercepted a massive to semi-massive sulphide zone starting at 205.58m downhole (Figure 1). The sulphide mineralization is associated with a chromitite interval hosted in an orthopyroxenite layer of Luanga's Transition Zone, and consists of pyrrhotite ("Po"), pentlandite ("Pn") and minor chalcopyrite ("Ccp"). Pentlandite is mainly present as fine- to medium-grained crystals, with minor exsolution lamellae in pyrrhotite.
The well-preserved mineral textures and close association of chromite with the sulphide mineralization (figures 3 and 4), indicates that a sulphide liquid pool was segregated and concentrated at this portion of the Luanga Mafic-Ultramafic ("MUM") intrusion. Euhedral chromite crystals with enclosed sulphide blebs and partially corroded faces indicate the coexistence of chromite and the immiscible Ni-PGE bearing sulphide liquid. This supports a magmatic origin to the mineralization, thus clearly related to the Luanga MUM intrusion.
Deep IP Survey (Cu-Au Exploration)
To date, three lines of IP surveying have been completed as part of the ongoing Cu-Au exploration program. One of these survey lines covers the Babylon target (Figure 7), along an East-West 2km long traverse.
The sections and preliminary interpretations of the IP data at Babylon (Figures 5 and 6) highlight strong chargeability and a low-resistivity anomalies that appear to correspond to the Babylon sulphide mineralization, likely extending deeper and potentially at a higher angle than the current drilling.
Based on this encouraging outcome, the IP data will be integrated with the existing Babylon datasets (geology, drilling and EM) to drill test the deep target.
Drilling & Trenching Status Update
A total of 442 drill holes has been completed by Bravo to date, for 96,887 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 396 Bravo drill holes to date. Assay results for 46 holes are currently pending (excluding the metallurgical holes), some of which relate to exploration drilling outside the Luanga PGM+Au+Ni resource area. In total, 58 trenches have been completed to date (for 10,901 metres), with results from 6 trenches currently pending.
Complete Table of Recent Intercepts
|
HOLE-ID |
From (m) |
To (m) |
Thickness (m) |
Au (g/t) |
Pt (g/t) |
Pd (g/t) |
Rh (g/t) |
Ni *(%) Sulphide |
Cu (%) Sulphide |
PGM+Au (g/t) |
TYPE |
|
DDH26LU347 |
22.55 |
27.55 |
5.00 |
0.15 |
1.49 |
1.00 |
0.32 |
NA |
NA |
2.95 |
Ox |
|
And |
38.70 |
41.80 |
3.10 |
0.45 |
0.17 |
0.21 |
0.02 |
0.18 |
0.11 |
0.85 |
FR |
|
And |
122.70 |
128.70 |
6.00 |
0.02 |
3.84 |
2.30 |
0.64 |
0.01 |
0.01 |
6.81 |
FR/LS |
|
And |
205.58 |
219.02 |
13.44 |
0.02 |
0.77 |
1.21 |
0.02 |
1.55 |
0.33 |
2,02 |
FR |
|
Including |
205.58 |
212.30 |
6.72 |
0.03 |
1.34 |
1.73 |
0.04 |
2.25 |
0.55 |
3,14 |
FR |
|
Notes: |
All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material. |
|
Given the orientation of drilling and mineralization, intercepts are estimated at 102% of true thickness. |
|
|
Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization. |
|
|
* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel. |
About Bravo Mining Corp.
Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM+Au+Ni deposit while also exploring for IOCG-style Cu+Au and magmatic-style Ni+Cu+/-PGM+/-Au mineralization within its Luanga Project in the Carajás Mineral Province, Pará State, Brazil. Bravo is one of the most active explorers in Carajás.
The team, comprising of local and international geologists, has a proven track record of PGM, nickel, and copper discoveries in the region. They have successfully taken a past IOCG greenfield project from discovery to development and production in the Carajás while defining other significant deposit types in the region.
The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and hydroelectric grid power. Bravo's current Environmental, Social and Governance activities include planting more than 56,000 high-value trees in and around the project area and hiring and contracting locally.
Technical Disclosure
Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australian Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements.
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "potential", "greater", "significant", "high-grade", "encouraging", "planned", "target", "interpretation", "appears", "likely", variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. This news release contains forward-looking information and interpretations pertaining to the Company's ongoing drill programs and the results thereof; the potential for new and/or different styles of mineralization in some areas, including magmatic Ni/Cu (+/- PGM) mineralization and IOCG style, the presence of which is publicly well documented in the Carajás mineral province; whether or not, were a magmatic sulphide mineral reserve to be defined, such magmatic sulphides could be processed in the same flotation plant as the PGM+Au+Ni sulphides comprising the mineral resource, and the recoveries, and capital and operating cost of such; the potential continuity of mineralization between holes and across target areas; the potential for economically significant Ni/Cu (+/- PGM), PGM+Au+Ni and/or Cu/Au mineralization; the interpretation of sulphide mineralization, visual mineral identification, geological observations and geophysical responses, including magnetic, EM, IP, gravity and BHEM survey results, and whether such observations are indicative of mineralization; whether mineralization identified as magmatic is indeed so, or some other style of mineralization, whether the mineralization identified is open to expansion or not; whether the other anomalies are related to mineralization; whether current and future interpreted geophysical anomalies point to or represent economically significant mineralization; the prospectivity of the Babylon target and other Luanga-related exploration targets; the Company's ability to identify, prioritize and advance additional exploration prospects beyond the current Luanga PGM+Au+Ni deposit; whether the planned IP program will identify mineralization and, of so, whether such mineralization will be of economic interest; the commencement, execution, timing, scope, cost and results of current and future exploration programs, including the IP survey, BHEM surveying and Cu/Au focused exploration activities, and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted along strike and up and down dip; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
Schedule 1: Drill Hole Location Details
|
HOLE-ID |
Company |
East (m) |
North (m) |
RL (m) |
Datum |
Depth (m) |
Azimuth |
Dip |
Sector |
|
DDH26LU347 |
Bravo |
659969.10 |
9342029.00 |
270.880 |
SIRGAS2000_UTM_22S |
290.75 |
90.00 |
-60.00 |
North |
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing, and delivery to the SGS laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.
Quality Assurance and Quality Control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.
|
Bravo SGS Geosol |
||||
|
Preparation |
Method |
Method |
Method |
Method |
|
For All Elements |
Pt, Pd, Au |
Rh |
Sulphide Ni, Cu |
Trace Elements |
|
PRPCLI (85% at 200#) |
FAI515, FAI34V |
FAI30V |
AA04B |
ICP40B |
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/24/c9477.html
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Lindian Resources (ASX:LIN) is in focus after reaffirming that its Kangankunde Rare Earths Project in Malawi remains on track for initial production by Q4 2026, supported by advancing construction, mining and processing expansion in Kazakhstan.
See our latest analysis for Lindian Resources.
The reaffirmed timetable for Kangankunde and the Kazakhstan processing expansion come after a sharp re-rating, with Lindian Resources posting a 90.36% year to date share price return and a very large 5 year total shareholder return of 3,060%.
If this rare earths story has caught your attention, it can be useful to compare it with other producers and developers through our rare earths stock screener, starting with 28 best rare earth metal stocks.
Lindian Resources has already delivered very large gains and now trades close to its A$0.75 price target. After the latest project progress updates, does the current valuation still offer an appealing balance between risk and reward for new buyers?
Preferred Price-to-Book Multiple of 9.7x: Is It Justified?
Lindian Resources now trades around A$0.79, which implies a P/B ratio of 9.7x. That is significantly above the wider Australian Metals and Mining industry average and reflects very strong expectations already priced into the stock.
The P/B ratio compares the company’s market value to its book value, which is the net asset value on the balance sheet. For a pre revenue rare earths developer like Lindian Resources, a high P/B often signals that investors are assigning considerable value to future project cash flows that are not yet reflected in current accounting assets.
According to Simply Wall St data, Lindian Resources is described as expensive on this measure versus the Australian Metals and Mining industry average P/B of 1.9x. At the same time, the 9.7x multiple is indicated as better value than a peer group average P/B of 16.9x. This suggests the market is optimistic about Kangankunde and the Kazakhstan expansion, but not assigning as high a multiple as some direct peers. If sentiment or project progress shifts, the P/B multiple is one of the levers the market could move towards levels closer to the broader industry.
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price-to-book of 9.7x (OVERVALUED).
However, Lindian Resources still carries key risks, including execution challenges at Kangankunde and Kazakhstan, as well as the potential for sentiment to reverse after very large recent gains.
Find out about the key risks to this Lindian Resources narrative.
Next Steps
If this mix of enthusiasm and caution around Lindian Resources feels familiar, take a moment to review the numbers yourself and decide quickly where you stand on the balance of 1 key reward and 3 important warning signs.
Looking for more investment ideas beyond Lindian Resources?
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Albemarle Corporation ALB remains committed to driving shareholder value by leveraging solid liquidity and healthy cash flows. At the end of the second quarter of 2026, it had liquidity of around $3.2 billion, including cash and cash equivalents of around $1.6 billion. ALB generated an operating cash flow of $710 million and free cash flow of $638 million in the second quarter. Operating cash flow for the first half nearly doubled year over year to roughly $1.1 billion. Free cash flow in 2026 is expected to be supported by strong cash conversion and productivity measures. ALB delivered $100 million in cost and productivity improvements in the first half of 2026 and expects to attain the top end of its $100-$150 million target for 2026. It achieved an operating cash flow conversion of 83% in the second quarter. First-half 2026 conversion was at the high end of its long-term target range of 60-70%.Albemarle’s ability to convert improving operating performance into free cash is likely to result in incremental returns to shareholders. The company remains focused on maintaining its dividend payout. It has raised its quarterly dividend for the 30th straight year. ALB offers a dividend yield of 1.2% at the current stock price. Backed by healthy cash flows and sound financial health, the company's dividend is perceived to be safe and reliable.Among its peers, Sociedad Quimica y Minera de Chile S.A. SQM exited the second quarter with strong liquidity, with cash and cash equivalents being around $3.4 billion. Sociedad Quimica’s solid cash position supports its capital investment in growth projects and shareholder-friendly actions. Sociedad Quimica projects total capital expenditure of roughly $3 billion for the 2026-2028 period, which includes investment in the Salar Futuro project in Chile. ICL Group Ltd. ICL ended the second quarter with cash and cash equivalents, and short-term investments and deposits of $662 million. Including unutilized revolving credit facility and securitization, ICL Group had cash resources of roughly $2.2 billion at the end of the quarter. ICL generated an operating cash flow of $290 million in the second quarter.
ALB’s Price Performance, Valuation & Estimates
Albemarle has gained 70.1% in over a year compared with the Zacks Chemical – Diversified industry’s rise of 4.2%.
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ALB is currently trading at a forward price-to-sales ratio of 2.44, above the industry. It carries a Value Score of B.
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The Zacks Consensus Estimate for ALB’s 2026 earnings implies a year-over-year rise of 1,607.6%. The EPS estimates for 2026 have been trending lower over the past 60 days.
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ALB stock currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).
This article first appeared on GuruFocus.
- Revenue: Not explicitly quantified in the provided transcript excerpt.
- Earnings: Not explicitly quantified in the provided transcript excerpt.
- Lithium Sales Volume: Record quarterly sales volumes of more than 84,000 metric tons of lithium carbonate equivalent from operations in Chile and Australia.
- Lithium Production Guidance (Chile): Expects Novandino and Dinolithio to produce between 280,000 and 290,000 metric tons of lithium carbonate equivalent in 2026.
- Lithium Production Capacity (Chile): Approximately 300,000 metric tons of production capacity expected by next year.
- Lithium Market Demand: Global lithium demand expected to exceed 2.1 million metric tons in 2026.
- Iodine Production: Total iodine production expected to reach approximately 15,500 metric tons this year.
- Specialty Plant Nutrition Sales Volume: Full-year sales volumes expected to increase by approximately 10% compared to 2025.
- Capital Expenditures: Approximately $3 billion expected over the 2026-2028 period.
- Payments to Chilean Government: More than $1.6 billion accrued in the first half of the year, including taxes, contributions to local governments, and payments to Corfu.
- Warning! GuruFocus has detected 6 Warning Signs with SQM.
- Is SQM fairly valued? Test your thesis with our free DCF calculator.
Release Date: August 19, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Record quarterly lithium sales volumes of over 84,000 metric tons LCE, driven by strong demand and higher prices.
- Raised 2026 global lithium demand forecast to exceed 2.1 million metric tons, reflecting robust market fundamentals.
- Successful submission of environmental and technical documentation for the Salar Futuro project, a key milestone for future growth.
- Strong performance in iodine and specialty plant nutrition, with SPN sales volumes expected to grow ~10% year-over-year.
- Continued cost improvements in lithium production, with Q3 costs expected to remain in line with Q2 and lower than last year.
Negative Points
- Lithium prices remain volatile and difficult to predict, with Q3 prices expected to be roughly flat versus the first half.
- International lithium sales prices lagged the spodumene price increase due to shipment timing, creating a temporary gap.
- Iodine sales volumes are expected to remain flat year-over-year as new supply from a Chilean project enters the market.
- Potential slowdown in battery storage deployment could cap lithium demand growth in the near term.
- Mount Holland expansion first production is not expected until 2030, with construction starting only in mid-2027.
Q & A Highlights
Q: Can you talk about Q3 for the lithium segment? You're guiding to prices about flat and volumes about flat, and costs kept down a lot in Q2. Should we expect Q3 lithium earnings gross margin to be about the same as Q2?A: Felipe Smith (Commercial Vice President of Lithium Chile Division) confirmed that Q3 2026 sales volumes are expected to remain strong and in line with Q2. Regarding pricing, he noted that based on index-linked contracts, the average price for Q3 should be more or less in line with the first semester average, though he cautioned that the market remains volatile and difficult to predict. Carlos Diaz (CEO of the SQM Lithium Division, Chile) added that costs in Q3 are expected to be similar to Q2, benefiting from continued efficiency improvements and economies of scale, with full-year 2026 costs expected to be lower than 2025.
Q: You raised your lithium demand expectations for the full year by 200,000 tons. Where is the extra 200,000 tons of supply coming from this year to meet the growing demand?A: Pablo Hernandez (Vice President of Strategy and Development of the Lithium Chile Division) stated that the increased supply is expected to come mainly from China, both from spodumene and brine operations, as well as ramp-up projects in Africa and Argentina. He also noted that due to the current price scenario, there are some restarts in Australia coming into the market as well.
Q: You're ramping up production in Novandino faster than initially expected. You mentioned about 300,000 tons next year, but beyond that, what could be a feasible production level when the new concession starts?A: Carlos Diaz (CEO of the SQM Lithium Division, Chile) explained that this year production is expected to be between 280,000 and 290,000 metric tons, with production close to 300,000 expected next year. For the coming years, he noted that growth will initially be more moderated as the company continues reducing brine extraction. He stated that they are still studying different initiatives to keep and slightly increase production, but they are not ready to share specifics yet, potentially providing an update in the next conference call.
Q: Can you break down the expected production capacity increase to 300,000 in 2027? How much is coming from Chile, given that you're converting the hydroxide plant, and how much is coming from tolling contracts?A: Carlos Diaz (CEO of the SQM Lithium Division, Chile) clarified that production comes from the Salar de Atacama in two ways: lithium chloride refined in Chile and lithium sulfate refined in China. For next year's expected 300,000 tons, approximately 80,000 tons will come from lithium sulfate, with the remaining 220,000 tons from lithium chloride at the Antofagasta chemical plant. He also noted that only about 10% of total production (20,000-30,000 tons) will be hydroxide, with the remainder being carbonate.
Q: On Mount Holland, you recently approved the expansion of the mine and concentrator. Are you planning a potential extension in the refinery? How are you thinking about the mix between hydroxide and spodumene sales going into 2027?A: Mark Fones (CEO of the SQM International Lithium Division) stated that the decision on expanding the refinery remains open and will be subject to continued analysis by Covalent and with Wesfarmers as partner, depending on reaching full ramp-up by the second semester of next year. He noted that next year is expected to have higher hydroxide production than this year based on the ramp-up curve, which means spodumene concentrate sales should probably be lower than this year.
Q: Regarding the tolling process in China for sulfate production, how long are these tolling contracts? Do you see any risk of having to give some away or find new partners at different costs?A: Carlos Diaz (CEO of the SQM Lithium Division, Chile) confirmed that they have been increasing sulfate production very strongly over the last three to four years, expecting to produce 80,000 to 90,000 tons LCE equivalent next year. He noted that their own plant in China (Qin plant) will produce close to 24,000-25,000 tons, expanding to reach 30,000 tons. The difference is done through tolling with different suppliers, and while they don't disclose the contract details, they are very happy with the current contracts and expect to continue working with those suppliers in the coming years.
Q: The Mount Holland expansion has first production expected in 2030, which seems like an extended period for a brownfield project. What are the next big milestones and main challenges?A: Mark Fones (CEO of the SQM International Lithium Division) explained that the timeline reflects normal sequencing for a project of this scale, with the goal of de-risking rather than rushing. The next relevant milestone is the start of construction in mid-next year, with construction taking 18-24 months, followed by commissioning in 2029 to reach first product by early 2030. He noted there are opportunities to compress the schedule that Covalent and technical teams are actively analyzing, but emphasized that as a brownfield expansion, there are both opportunities and increased challenges that require careful management of mining and safety considerations.
Q: You said Q3 volumes will be in line with Q2. How do we think about Q4? Normally Q4 is your highest quarter on seasonality. Do you expect Q4 to be high 70 to 80 kilotons LCE, or a strong Q3 followed by a softer Q4?A: Felipe Smith (Commercial Vice President of Lithium Chile Division) said Q4 is too far away to predict, but expressed hope that they can at least maintain the volume of Q2 and Q3 levels, with a minimum expectation of similar volumes in Q4 and hope for more. Andres Fontannaz (Commercial Vice President of International Lithium Division) added that international sales are expected to be around 27,000 to 30,000 tons LCE for the full year.
Q: Can you talk about what happens after 2030-2031? We know Codelco will probably be much more in charge. How should we think about strategic decisions and CapEx?A: Ricardo Ramos (CEO) stated that while it's difficult to predict that far out, the agreement with Codelco has been working better than expected in terms of coordination and cooperation. He noted that the Salar Futuro project submission was made in July
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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