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The board of FMC Corporation (NYSE:FMC) has announced that it will pay a dividend of $0.58 per share on the 16th of October. The dividend yield will be 5.9% based on this payment which is still above the industry average.

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FMC's Future Dividend Projections Appear Well Covered By Earnings

We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Before this announcement, FMC was paying out 113% of what it was earning, and not generating any free cash flows either. Paying out such a large dividend compared to earnings while also not generating any free cash flow would definitely be difficult to keep up.

According to analysts, EPS should be several times higher next year. If the dividend continues along recent trends, we estimate the payout ratio will be 59%, which would make us comfortable with the dividend's sustainability, despite the levels currently being elevated.

NYSE:FMC Historic Dividend August 1st 2025

Check out our latest analysis for FMC

FMC Has A Solid Track Record

The company has a sustained record of paying dividends with very little fluctuation. The annual payment during the last 10 years was $0.60 in 2015, and the most recent fiscal year payment was $2.32. This works out to be a compound annual growth rate (CAGR) of approximately 14% a year over that time. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time.

The Dividend Has Limited Growth Potential

Investors could be attracted to the stock based on the quality of its payment history. Unfortunately things aren't as good as they seem. Earnings per share has been sinking by 25% over the last five years. Dividend payments are likely to come under some pressure unless EPS can pull out of the nosedive it is in. However, the next year is actually looking up, with earnings set to rise. We would just wait until it becomes a pattern before getting too excited.

FMC's Dividend Doesn't Look Sustainable

Overall, it's nice to see a consistent dividend payment, but we think that longer term, the current level of payment might be unsustainable. Although they have been consistent in the past, we think the payments are a little high to be sustained. This company is not in the top tier of income providing stocks.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Just as an example, we've come across 3 warning signs for FMC you should be aware of, and 2 of them shouldn't be ignored. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks.

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

Revenue Growth: Second quarter sales increased by 1% year-over-year, driven by a 6% volume growth.
Adjusted EBITDA: $207 million, a 2% increase from the prior year.
Adjusted Earnings Per Share (EPS): $0.69, $0.10 higher than the previous year.
Price Impact: Prices decreased by 3%, with over half of the decline due to pricing adjustments to diamide partners.
FX Impact: A mild headwind of 1% on revenue growth.
Regional Performance: Strongest growth in EMEA; slight revenue increase in Latin America; 5% sales decline in North America; decrease in Asia due to India.
Interest Expense: $61 million, down over $2 million compared to the prior year.
Effective Tax Rate: 14% for the second quarter.
Free Cash Flow: $40 million in the second quarter, $241 million lower than the prior year period.
Debt Levels: Gross debt approximately $4.2 billion; net debt approximately $3.7 billion.
Leverage Ratios: Gross debt to EBITDA at 4.8 times; net debt to EBITDA at 4.3 times.
Full Year Guidance: Revenue excluding India expected to be down 2%; adjusted EBITDA expected to be 1% higher; adjusted EPS expected to be flat at the midpoint.

Warning! GuruFocus has detected 7 Warning Signs with FMC.

Release Date: July 31, 2025

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

Positive Points

FMC Corp (NYSE:FMC) achieved second quarter results at the higher end of expectations, with EBITDA and EPS slightly exceeding guidance.
The company reported a 6% volume growth in sales, indicating strong demand for its products.
FMC Corp (NYSE:FMC) has successfully normalized product levels in distribution channels, setting a solid foundation for future growth.
The company has received registration for fluindapyr herbicide containing Isoflex active in Great Britain, with sales anticipated to begin in August.
FMC Corp (NYSE:FMC) is implementing a new direct sales route in Brazil, targeting large corn and soybean growers, which is expected to show results starting in the third quarter.

Negative Points

FMC Corp (NYSE:FMC) faced a 3% decline in pricing during the second quarter, partly due to pricing adjustments with diamide partners.
The company is experiencing ongoing challenges in India, including a fragmented distribution channel and intense generic competition.
FMC Corp (NYSE:FMC) has decided to divest its commercial business in India due to limited EBITDA generation and substantial working capital requirements.
The company anticipates a mid-single-digit price decline and flat to low single-digit FX headwinds for the full year, impacting revenue.
Free cash flow for the second quarter was significantly lower than the prior year, primarily due to the absence of a significant inventory reduction seen previously.

Q & A Highlights

Q: Pierre, you mentioned this quarter as an inflection point. Can you elaborate on the growth expectations for 2026 and 2027, and remind us of the 2027 targets? A: Our targets for 2026 and 2027 remain unchanged, aiming for an EBITDA of $1.2 billion in 2027. Growth will be driven by our growth portfolio, including branded Cyazypyr and new active ingredients like fluindapyr and Isoflex. We also expect Rynaxypyr to contribute positively due to lower manufacturing costs and a more competitive strategy against generics.

Q: Can you break down the cost savings for Q2 and what to expect in the second half? A: The cost savings in Q2 were primarily driven by lower raw material costs, improved fixed cost absorption, and restructuring actions. These factors will continue to contribute to cost tailwinds in Q3 and Q4, with Q3 seeing a stronger impact due to better fixed cost absorption.

Q: Regarding the India business divestment, can you provide details on its financial impact and the sale process? A: We have not officially started marketing the India business, but preparations are underway. In H2 2024, India contributed $140 million in sales, and we forecast $70 million for H2 2025. The divestment will allow us to focus on a business-to-business model in India, supplying products with FMC-owned registrations and favorable manufacturing costs.

Q: How is the order book shaping up for Brazil, and what is the current farmer economic situation there? A: We have secured 35% to 40% of the orders needed for the second half in Brazil, which is higher than in previous years. Farmer economics are stable, with strong corn harvests and expected planting for the next season. Margins are tighter but not affecting planting decisions.

Q: What is the expected impact of the new direct sales program in Brazil, and how long will the diamide partner pricing headwinds last? A: The new direct sales program in Brazil is expected to show results in Q3, with growth continuing in subsequent years. The significant pricing adjustments with diamide partners have mostly occurred, and future adjustments will be minor, leading to more stable pricing.

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

This article first appeared on GuruFocus.

FMC (FMC) reported $1.05 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 1.2%. EPS of $0.69 for the same period compares to $0.63 a year ago.

The reported revenue represents a surprise of +8.82% over the Zacks Consensus Estimate of $965.4 million. With the consensus EPS estimate being $0.59, the EPS surprise was +16.95%.

While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how FMC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenue- Latin America: $310 million versus $296.12 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
Geographic Revenue- Europe, Middle East and Africa (EMEA): $260 million compared to the $223.58 million average estimate based on two analysts. The reported number represents a change of +29.2% year over year.
Geographic Revenue- Asia: $159 million versus the two-analyst average estimate of $163.72 million. The reported number represents a year-over-year change of -16.8%.
Geographic Revenue- North America: $321 million versus $294.07 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
Revenue by Product- Insecticides: $525.3 million versus $487.74 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.7% change.
Revenue by Product- Fungicides: $80.4 million compared to the $67.79 million average estimate based on two analysts. The reported number represents a change of +7.9% year over year.
Revenue by Product- Herbicides: $376 million versus the two-analyst average estimate of $323.09 million. The reported number represents a year-over-year change of +11.7%.

View all Key Company Metrics for FMC here>>>

Shares of FMC have returned -7% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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FMC Corporation (FMC) : Free Stock Analysis Report

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With upside potential and strong hedge fund interest, FMC Corporation (NYSE:FMC) is included in our list of the 7 Best Potash Stocks to Buy According to Analysts.

Photo by onur ozkardes on Unsplash

On July 14, 2025, KeyBanc increased its price target for FMC Corporation (NYSE:FMC) from $53 to $61, maintaining an ‘Overweight’ rating. With FMC’s shares trading around $42, as of the time of writing, this price target represents an upside potential of 45%. This price revision comes amid FMC’s sustainability push, as detailed in its May 21 report. In its 2024 sustainability report, FMC Corporation (NYSE:FMC) reported a 27% reduction in greenhouse gas emissions and $6 million in operating cost savings.

Furthermore, the company strengthened its future outlook with its strategic agreement with Corteva Agriscience on June 3, 2025. With this alliance, FMC Corporation (NYSE:FMC) aims to expand fluindapyr fungicide use in U.S. corn and soybean markets, translating into 175 million acres of opportunity. The fungicide is an active ingredient that is already commercialized in several key agricultural regions worldwide.

At the same time, FMC Corporation (NYSE:FMC) demonstrated its commitment to shareholders with the July 12 announcement of a quarterly dividend of $0.58 per share, payable on October 16, 2025.

With its innovative and sustainable strategy, FMC Corporation (NYSE:FMC), a global agricultural sciences company, produces crop protection solutions for farmers. The company also offers potash-based fertilizers. It is included in our list of the best potash stocks.

While we acknowledge the potential of FMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is included in our list of the 7 Best Potash Stocks to Buy According to Analysts.

Pixabay/Public Domain

On July 28, 2025, JPMorgan reiterated its ‘Neutral’ rating, raising the price target for Sociedad Química y Minera de Chile S.A. (NYSE:SQM) from $39 to $41. This price revision comes just a month after the analyst reduced its target for the company amid softer lithium price forecasts and weaker Q1 performance of SQM.

In Q1, while electric vehicle demand rebounded, the analyst remains wary of trade tensions and over-supply concerns in the lithium market. The analyst reduced SQM’s 2025 EBITDA forecast to $1.407 billion, which is 4% below consensus. Furthermore, the analyst noted that Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is burning $77 million in cash, with a valuation of 9x forward EV/EBITDA. Thus, the analyst sees limited room for a rerating in the short term. The analyst attributed the price target increase to the lithium market recovery.

Catering to global agriculture, energy, and technology sectors, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) produces lithium, iodine, potassium, and industrial chemicals. The company also produces potash-based fertilizers. It is included in our list of the best potash stocks.

While we acknowledge the potential of SQM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None.

PHILADELPHIA, July 31, 2025 /PRNewswire/ — FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced it has received registration for Fundatis® herbicide powered by Isoflex® active in Great Britain for use in winter wheat and winter barley. Isoflex® active is a novel herbicide when used in cereals and is classified by the Herbicide Resistance Action Committee (HRAC) as a Group 13 herbicide. Fundatis® herbicide provides growers with a new tool to help manage herbicide resistance across a wide range of agronomic practices.

"Fundatis® herbicide introduces a new solution featuring two active ingredients previously unavailable in Great Britain," said Sebastià Pons, vice president, president FMC EMEA. "This registration underscores FMC's commitment and dedication to bringing innovative crop protection technologies to growers. By providing growers with solutions to overcome resistance challenges, they are empowered to enhance their farming practices and achieve greater success."

Fundatis® herbicide combines FMC's innovative molecule Isoflex® active with beflubutamid, providing growers with a new tool for resistance management. Fundatis® herbicide provides a strong foundation as part of an integrated weed management program, effectively contributing to the control of key annual grass weeds, including Blackgrass (Alopecurus myosuroides) and Italian Ryegrass (Lolium multiflorum). It also offers control of key broadleaf weeds such as Groundsel (Senecio vulgaris) and Speedwell (Veronica spp.). Fundatis® herbicide will be available to growers during the fall growing season in Great Britain.

The registration in Great Britain marks another significant regulatory approval for FMC and Isoflex® active, which has already been registered and commercialized in Argentina, Australia, Brazil, Chile, China, Pakistan, Uruguay and India. FMC has also submitted a regulatory application for Isoflex® active in the European Union.

Products containing Isoflex® active have exhibited pre-plant, pre-emergence and early post-emergence selectivity in major crops across the globe, including canola, cereals, oilseed rape and pulses. Research on the use of Isoflex® active in additional crops and segments is ongoing.

To learn more about Isoflex® active, please visit FMC.com/isoflexactive.

About FMCFMC 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®.

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

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

In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (the "2024 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2024 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.

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

FMC Corporation received registration for Fundatis® herbicide powered by Isoflex® active in Great Britain for use in winter wheat and winter barley.Cision

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SOURCE FMC Corporation

FMC Corporation FMC reported earnings of 53 cents per share for second-quarter 2025, down from $2.35 in the year-ago quarter.Barring one-time items, adjusted earnings per share were 69 cents, beating the Zacks Consensus Estimate of 59 cents.Revenues were $1,050.5 million in the quarter, up around 1.2% from the year-ago quarter’s levels. The top line surpassed the Zacks Consensus Estimate of $965.4 million.Second-quarter revenues increased primarily due to a 6% rise in volume, as customers in most countries seemed to have reached their desired inventory levels for FMC products. Prices fell 3%, with more than half of the decline linked to price reductions in specific "cost-plus" contracts with certain diamide partners, reflecting lower manufacturing costs. Foreign exchange rates negatively impacted results by 1%. Sales from the company’s growth portfolio rose by a high single-digit percentage, while sales from the core portfolio remained largely unchanged.

FMC Corporation Price, Consensus and EPS Surprise

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

FMC’s Regional Sales Performance

In North America, sales declined 5% year over year to $321 million in the quarter. Sales in North America decreased, as strong growth in branded products in the United States was outweighed by reduced volumes in Canada due to anticipated inventory destocking. It topped the consensus estimate of $294.1 million.Latin American sales saw a 1% year-over-year increase to $310 million in the reported quarter. Sales in Latin America benefited from the strong growth of the new active ingredients, fluindapyr and Isoflex active. It beat the consensus estimate of $296.1 million.In Asia, revenues declined 17% from the previous year to $159 million. Sales in Asia declined due to lower pricing as well as reduced volume driven by ongoing destocking activity in India. It missed the consensus estimate of $163.7 million.EMEA experienced a 29% year-over-year sales increase to $260 million in the reported quarter. The growth was fueled by significant volume increases, especially in herbicides, products from diamide partners and branded Cyazypyr offerings. The Plant Health segment also expanded, supported by growth in biological products. It beat the consensus estimate of $223.6 million.

FMC’s Financials

The company had cash and cash equivalents of $438.2 million at the end of the quarter. Long-term debt was $3,270 million.

FMC’s Guidance

FMC expects full-year revenues (excluding India) to range between $4.08 billion and $4.28 billion, implying a 2% decline at the midpoint compared to 2024. Adjusted EBITDA is forecasted between $870 million and $950 million, indicating 1% growth at the midpoint. Adjusted earnings per share (EPS) are projected to be $3.26 to $3.70, indicating year-over-year no change at the midpoint.

FMC’s Price Performance

FMC’s shares have lost 29.2% in the past year against a 1.7% upside of the industry.

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FMC’s Zacks Rank & Key Picks

FMC currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. RGLD, Avino Silver & Gold Mines Ltd. ASM and Barrick Mining Corporation B.Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Avino Silver is scheduled to report second-quarter results on Aug 13. The Zacks Consensus Estimate for ASM’s second-quarter earnings is pegged at 3 cents. ASM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 104.2%. ASM currently carries a Zacks Rank #1.Barrick Mining is slated to report second-quarter results on Aug 11. The consensus estimate for Barrick’s earnings is pegged at 47 cents. Barrick, carrying a Zacks Rank #1, beat the consensus estimate in three of the last four quarters, with the average earnings surprise being 12.5%.

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FMC Corporation (FMC) : Free Stock Analysis Report

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

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FMC (FMC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +16.95%. A quarter ago, it was expected that this chemical producer would post earnings of $0.08 per share when it actually produced earnings of $0.18, delivering a surprise of +125%.

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

FMC, which belongs to the Zacks Agriculture – Operations industry, posted revenues of $1.05 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 8.82%. This compares to year-ago revenues of $1.04 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

FMC shares have lost about 13.5% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for FMC?

While FMC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for FMC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $1.09 billion in revenues for the coming quarter and $3.34 on $4.17 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Agriculture – Operations is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Alico (ALCO), has yet to report results for the quarter ended June 2025.

This agribusiness and land management company is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -29.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Alico's revenues are expected to be $16.9 million, up 24.2% from the year-ago quarter.

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PHILADELPHIA (AP) — PHILADELPHIA (AP) — FMC Corp. (FMC) on Wednesday reported second-quarter profit of $66.7 million.

On a per-share basis, the Philadelphia-based company said it had profit of 53 cents. Earnings, adjusted for one-time gains and costs, came to 69 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The chemical producer posted revenue of $1.05 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $965.4 million.

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

Maintains full year adjusted EBITDA and adjusted EPS guidance; announces sale of India commercial business

Second Quarter 2025 Highlights

Revenue of $1.05 billion, up 1 percent versus Q2 2024, up 2 percent organically1
Consolidated GAAP net income of $67 million, a decline of 77 percent versus Q2 2024
Adjusted EBITDA of $207 million, up 2 percent versus Q2 2024
Consolidated GAAP net income of $0.53 per diluted share, down 77 percent versus Q2 2024
Adjusted earnings per diluted share of $0.69, an increase of 10 percent versus Q2 2024

Full-Year Outlook2

Revenue outlook of $4.08 billion to $4.28 billion, excluding India, down 2 percent at the midpoint versus 2024 reported results, which included India
Maintains adjusted EBITDA outlook of $870 million to $950 million, an increase of 1 percent versus prior year at the midpoint
Adjusted earnings per diluted share outlook unchanged at $3.26 to $3.70, flat at the midpoint to prior year
Free cash flow forecast remains $200 million to $400 million, reflecting a decline of 51 percent at the midpoint from prior year

PHILADELPHIA, July 30, 2025 /PRNewswire/ —

FMC Corporation Logo. (PRNewsFoto/FMC Corporation)

FMC Corporation (NYSE:FMC) today reported second quarter 2025 revenue of $1.05 billion, up 1 percent versus second quarter 2024, and up 2 percent organically. On a GAAP basis, the company reported net income of $0.53 per diluted share in the second quarter, a decrease of 77 percent versus second quarter 2024 due to gains related to tax incentives recorded in the prior year. Second quarter adjusted earnings were $0.69 per diluted share, up 10 percent versus second quarter 2024.

Higher second quarter revenue was driven by volume growth of 6 percent as customers in most countries appear to have reached target channel inventory levels for FMC products. Price declined 3 percent, over half of which was attributed to price adjustments in certain "cost-plus" contracts with specific diamide partners as a result of lower manufacturing costs. Foreign currency was a headwind of 1 percent3. The company's growth portfolio increased by high-single digits while core portfolio sales were essentially flat.

Sales in North America declined 5 percent as solid branded growth in the U.S. was more than offset by lower volume from expected destocking in Canada. Latin America sales were 1 percent higher than prior year, 5 percent higher excluding currency impacts, aided by solid growth of new active ingredients fluindapyr and Isoflex™ active. In Asia, sales were lower by 17 percent, down 15 percent excluding currency impacts, due to lower pricing as well as reduced volume driven by ongoing destocking activity in India. EMEA sales increased 29 percent, 27 percent excluding currency impacts. Growth was driven by strong volume gains particularly for herbicides, diamide partners, and branded Cyazypyr® products. The Plant Health business grew 3 percent driven by gains in biologicals.

FMC Revenue	Q2 2025
Total Revenue Change (GAAP)	1 %
Less FX Impact	(1) %
Organic1 Revenue Change (Non-GAAP)	2 %

GAAP net income in the second quarter declined 77 percent due to gains related to tax incentives recorded in the prior year. FMC second quarter adjusted EBITDA was $207 million, an increase of 2 percent from the prior-year period as favorable costs were partially offset by price and FX headwinds. Adjusted EPS grew 10 percent driven mainly by higher adjusted EBITDA and lower interest expense.

On a GAAP basis, cash from operations was $66 million, a decline of $226 million versus 2024 due primarily to a smaller reduction in inventory levels than in the prior year. Free cash flow was $40 million, a decline of $241 million versus Q2 2024 primarily due to lower cash from operations.

Intention to Divest India Commercial Business

In response to challenges in India, the FMC Board of Directors has approved divesting the company's commercial business in the country. FMC plans to continue to actively participate in the India market through a supply agreement with the eventual buyer of the business for its patented and data-protected portfolio, ranging from new diamide technologies to active ingredients and biologicals. The company will continue its active ingredient manufacturing operations in India. The sale process is underway and is expected to conclude within the next year.

Outlook2

The India commercial business will be classified as held for sale beginning in the third quarter. Revenue generated by the India commercial business will be included in reported revenue, while revenue guidance for the company will exclude India. Earnings of the India commercial business will be excluded from adjusted EBITDA and adjusted EPS. The company reaffirms its full-year 2025 adjusted EBITDA, adjusted EPS and free cash flow guidance ranges. Revenue excluding India is expected to be $4.08 billion to $4.28 billion, down 2 percent at the midpoint versus prior year reported revenue. Other than the exclusion of India revenue, there is no change to revenue guidance.

Third quarter revenue excluding India is expected to be in the range of $1.00 billion to $1.10 billion, down 1 percent at the midpoint versus reported third quarter 2024. Volume growth and a minor FX tailwind are expected to be more than offset by a mid-single digit price headwind, in part driven by diamide partner contract adjustments and higher rebates as customers purchase higher volumes. The India exclusion is a negative 6 percent impact. Adjusted EBITDA is forecasted to be in the range of $210 million to $250 million, an increase of 14 percent at the midpoint versus the prior year as lower costs and volume growth more than offset headwinds from pricing and FX. Lower costs are driven by COGS tailwinds from improved fixed cost absorption, lower raw material costs and restructuring benefits. FMC expects adjusted earnings per diluted share to be in the range of $0.78 to $0.98 in the third quarter, which represents a 28 percent increase at the midpoint versus third quarter 2024 driven mainly by higher adjusted EBITDA.

Fourth quarter revenue excluding India is expected to be in the range of $1.24 billion to $1.34 billion, an increase of 5 percent at the midpoint versus reported fourth quarter 2024. The company expects strong volume growth driven by sales of new products as well as contributions from the additional route to market recently put in place in Brazil. Pricing is expected to be a low-single digit headwind, while FX is forecasted to be a minor tailwind. The India exclusion is negative 6 percent. Adjusted EBITDA is forecasted to be in the range of $334 million to $374 million, an increase of 4 percent at the midpoint versus the prior year as favorable costs and higher volumes are partially offset by lower price. FMC expects adjusted earnings per diluted share to be in the range of $1.62 to $1.84 in the fourth quarter, which represents a 3 percent decrease at the midpoint versus fourth quarter 2024. The unfavorable variance is mainly driven by an exceptionally low tax rate in the prior year.

	Full-Year 2025 Outlook2	Second-Half Outlook2 (excludes India in Q3 and Q4)	Third Quarter Outlook2 (excludes India)	Fourth Quarter Outlook2 (excludes India)
Revenue	$4.08 billion to $4.28 billion	$2.24 billion to $2.44 billion	$1.00 billion to $1.10 billion	$1.24 billion to $1.34 billion
Growth at midpoint vs. 2024	(2) %	2 %	(1) %	5 %
Adjusted EBITDA	$870 million to $950 million	$544 million to $624 million	$210 million to $250 million	$334 million to $374 million
Growth at midpoint vs. 2024	1 %	8 %	14 %	4 %
Adjusted EPS^	$3.26 to $3.70	$2.40 to $2.82	$0.78 to $0.98	$1.62 to $1.84
Growth at midpoint vs. 2024	0 %	5 %	28 %	(3) %

^ EPS estimates assume 125.6 million diluted shares for full year and 125.6 million diluted shares for Q3 and Q4.

Note that percentages are calculated using whole numbers. Minor differences may exist due to rounding. India has been excluded from second half, third quarter and fourth quarter outlooks. Variances are calculated versus 2024 results which include India.

Supplemental Information

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

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

About FMC

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

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

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

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

Although we provide forecasts for adjusted earnings per share, adjusted EBITDA, and free cash flow (non-GAAP financial measures), we are not able to forecast the most directly comparable measures calculated and presented in accordance with GAAP. Certain elements of the composition of the GAAP amounts are not predictable, making it impractical for us to forecast. Such elements include, but are not limited to, restructuring, acquisition charges, our India held for sale business, and discontinued operations. As a result, no GAAP outlook is provided. Starting with the third quarter 2025 guidance, we provide forecasts for revenue excluding India (non-GAAP financial measure). We are not able to forecast the GAAP revenue due to potential actions we may take during the held for sale period to prepare the business for a potential buyer and other uncertainties, including customer reaction to the announcement of our intention to sell our India commercial business. For all outlooks provided, variances are calculated versus 2024 results which include India.

In certain instances, parts included in the variance explanations in the discussion may not sum to the total variance for the financial statement line item due to rounding.

FMC CORPORATION CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited and in millions, except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Revenue	$ 1,050.5	$ 1,038.4	$ 1,841.9	$ 1,956.4
Costs of sales and services	644.2	640.3	1,118.9	1,218.6
Gross margin	$ 406.3	$ 398.1	$ 723.0	$ 737.8
Selling, general and administrative expenses	176.8	164.8	348.8	328.7
Research and development expenses	66.4	75.9	135.1	136.8
Restructuring and other charges (income)	36.7	95.1	54.5	136.0
Total costs and expenses	$ 924.1	$ 976.1	$ 1,657.3	$ 1,820.1
Income from continuing operations before non-operating pension, postretirement, and other charges (income), interest expense, net and income taxes	$ 126.4	$ 62.3	$ 184.6	$ 136.3
Non-operating pension, postretirement, and other charges (income)	6.6	4.2	9.8	8.5
Interest expense, net	61.0	63.6	111.1	125.3
Income (loss) from continuing operations before income taxes	$ 58.8	$ (5.5)	$ 63.7	$ 2.5
Provision (benefit) for income taxes	14.4	(303.5)	27.9	(304.9)
Income (loss) from continuing operations	$ 44.4	$ 298.0	$ 35.8	$ 307.4
Discontinued operations, net of income taxes	23.4	(2.8)	16.4	(15.3)
Net income (loss)	$ 67.8	$ 295.2	$ 52.2	$ 292.1
Less: Net income (loss) attributable to noncontrolling interests	1.1	0.1	1.0	(0.3)
Net income (loss) attributable to FMC stockholders	$ 66.7	$ 295.1	$ 51.2	$ 292.4
Amounts attributable to FMC stockholders:
Income (loss) from continuing operations	$ 43.3	$ 297.9	$ 34.8	$ 307.7
Discontinued operations, net of tax	23.4	(2.8)	16.4	(15.3)
Net income (loss)	$ 66.7	$ 295.1	$ 51.2	$ 292.4
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$ 0.34	$ 2.37	$ 0.28	$ 2.45
Discontinued operations	0.19	(0.02)	0.13	(0.12)
Basic earnings per common share	$ 0.53	$ 2.35	$ 0.41	$ 2.33
Average number of shares outstanding used in basic earnings per share computations	125.2	125.0	125.1	125.0
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$ 0.34	$ 2.37	$ 0.28	$ 2.45
Discontinued operations	0.19	(0.02)	0.13	(0.12)
Diluted earnings per common share	$ 0.53	$ 2.35	$ 0.41	$ 2.33
Average number of shares outstanding used in diluted earnings per share computations	125.6	125.4	125.5	125.3

Other Data:
Capital additions and other investing activities	$ 9.8	$ 14.4	$ 47.2	$ 37.8
Depreciation and amortization expense	43.4	44.3	87.1	90.0

FMC CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP) TO ADJUSTED AFTER-TAX EARNINGS FROM CONTINUING OPERATIONS, ATTRIBUTABLE TO FMC STOCKHOLDERS (NON-GAAP) (Unaudited and in millions, except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Net income (loss) attributable to FMC stockholders (GAAP)	$ 66.7	$ 295.1	$ 51.2	$ 292.4
Corporate special charges (income):
Restructuring and other charges (income) (a)	36.7	95.1	54.5	136.0
Non-operating pension, postretirement, and other charges (income) (b)	6.6	4.2	9.8	8.5
Income tax expense (benefit) on Corporate special charges (income) (c)	(6.8)	(13.8)	(11.2)	(23.4)
Discontinued operations attributable to FMC stockholders, net of income taxes (d)	(23.4)	2.8	(16.4)	15.3
Tax adjustment (e)	6.9	(304.3)	21.2	(304.3)
Adjusted after-tax earnings from continuing operations attributable to FMC stockholders (Non-GAAP) (1)	$ 86.7	$ 79.1	$ 109.1	$ 124.5

Diluted earnings per common share (GAAP)	$ 0.53	$ 2.35	$ 0.41	$ 2.33
Corporate special charges (income) per diluted share, before tax:
Restructuring and other charges (income)	0.29	0.76	0.43	1.09
Non-operating pension, postretirement, and other charges (income)	0.05	0.03	0.08	0.07
Income tax expense (benefit) on Corporate special charges (income), per diluted share	(0.04)	(0.11)	(0.09)	(0.19)
Discontinued operations attributable to FMC stockholders, net of income taxes per diluted share	(0.19)	0.02	(0.13)	0.12
Tax adjustments per diluted share	0.05	(2.42)	0.17	(2.43)
Diluted adjusted after-tax earnings from continuing operations per share, attributable to FMC stockholders (Non-GAAP)	$ 0.69	$ 0.63	$ 0.87	$ 0.99

Average number of shares outstanding used in diluted adjusted after-tax earnings from continuing operations per share computations	125.6	125.4	125.5	125.3

____________________
(1)	Referred to as Adjusted earnings. The Company believes that Adjusted earnings, a Non-GAAP financial measure, and its presentation on a per share basis provides useful information about the Company's operating results to management, investors, and securities analysts. Adjusted earnings excludes the effects of corporate special charges, tax-related adjustments and the results of our discontinued operations. The Company also believes that excluding the effects of these items from operating results allows management and investors to compare more easily the financial performance of its underlying business from period to period.

(a)	Three Months Ended June 30, 2025:

	Restructuring and other charges (income) includes restructuring charges of $13.0 million primarily related to the previously announced global restructuring plan, referred to as "Project Focus." Charges incurred related to Project Focus consist of $4.9 million of professional service provider costs and other miscellaneous charges, $5.4 million of severance and employee separation costs, and accelerated depreciation of $2.5 million on assets identified for disposal in connection with the restructuring initiative. Other charges (income) of $23.7 million is comprised of $7.4 million of charges associated with our environmental sites, a charge of $11.9 million due to changes in our estimate for Furadan disposal costs at our Middleport site, and $4.4 million of other miscellaneous charges.

	Three Months Ended June 30, 2024:

	Restructuring and other charges (income) includes restructuring charges of $83.8 million primarily related to Project Focus. Charges incurred related to Project Focus consist of $53.3 million of non-cash asset write-off charges resulting from the contract termination with one of our third-party manufacturers, $18.6 million of severance and employee separation costs, including costs associated with the CEO transition, $6.5 million of professional service provider costs and other miscellaneous charges, and accelerated depreciation of $5.9 million on assets identified for disposal in connection with the restructuring initiative. Other charges (income) of $11.3 million is comprised of $5.7 million of charges associated with our environmental sites and $5.6 million of other miscellaneous charges.

	Six Months Ended June 30, 2025:

	Restructuring and other charges (income) includes restructuring charges of $26.6 million primarily related to the previously announced global restructuring plan, referred to as "Project Focus." Charges incurred related to Project Focus consist of $11.5 million of professional service provider costs and other miscellaneous charges, $9.6 million of severance and employee separation costs, and accelerated depreciation of $5.6 million on assets identified for disposal in connection with the restructuring initiative. Other charges (income) of $27.9 million is comprised of $10.9 million of charges associated with our environmental sites, a charge of $11.9 million due to changes in our estimate for Furadan disposal costs at our Middleport site, and $5.1 million of other miscellaneous charges.

	Six Months Ended June 30, 2024:

	Restructuring and other charges (income) includes restructuring charges of $117.5 million primarily related Project Focus. Charges incurred in connection with Project Focus consist of $53.3 million of non-cash asset write off charges resulting from the contract termination with one of our third-party manufacturers, $37.5 million of severance and employee separation costs, including costs associated with the CEO transition, $18.7 million of professional service provider costs and other miscellaneous charges, and accelerated depreciation of $8.2 million on assets identified for disposal in connection with the restructuring initiative. Other charges (income) of $18.5 million is comprised of $9.0 million of charges associated with our environmental sites and $9.5 million of other miscellaneous charges.

(b)	Our non-operating pension, postretirement and other charges (income) includes those costs (benefits) related to interest, expected return on plan assets, amortized actuarial gains and losses and the impacts of any plan curtailments or settlements. These are excluded from our Adjusted Earnings and are primarily related to changes in pension plan assets and liabilities which are tied to financial market performance and we consider these costs to be outside our operational performance. We continue to include the service cost and amortization of prior service cost in our Adjusted Earnings results noted above. These elements reflect the current year operating costs to our businesses for the employment benefits provided to active employees. The three and six months ended June 30, 2025 also includes other charges of $3.3 million incurred as a make-whole premium in connection with the early redemption of $500 million of the Senior Notes due May 18, 2026.

(c)	The income tax expense (benefit) on Corporate special charges (income) is determined using the applicable rates in the taxing jurisdictions in which the corporate special charge or income occurred and includes both current and deferred income tax expense (benefit) based on the nature of the non-GAAP performance measure.

(d)	Discontinued operations includes provisions, net of recoveries, for environmental liabilities and legal reserves and expenses related to previously discontinued operations and retained liabilities. We recorded a $34.5 million reduction in our legal reserve in discontinued operations for the three and six months ended June 30, 2025 as a result of a decrease in outstanding cases.

(e)	We exclude the GAAP tax provision, including discrete items, from the Non-GAAP measure of income, and include a Non-GAAP tax provision based upon the projected annual Non-GAAP effective tax rate. The GAAP tax provision includes certain discrete tax items including, but are not limited to: income tax expenses or benefits that are not related to continuing operating results in the current year; tax adjustments associated with fluctuations in foreign currency remeasurement of certain foreign operations; certain changes in estimates of tax matters related to prior fiscal years; certain changes in the realizability of deferred tax assets and related interim accounting impacts; and changes in tax law. In 2024 and 2023, we recorded significant deferred tax assets due to various tax incentives granted to the Company's Swiss subsidiaries (the "Swiss Tax Incentives"). The initial recognition of these Swiss Tax Incentives did not impact our adjusted non-GAAP effective tax rate but will be considered annually as we realize the benefits. Management believes excluding these discrete tax items, as well as the impacts of the Swiss Tax Incentives annually as the related benefits are realized, assists investors and securities analysts in understanding the tax provision and the effective tax rate related to continuing operating results thereby providing investors with useful supplemental information about FMC's operational performance.

	Three Months Ended June 30,		Six Months Ended June 30,
(in Millions)	2025	2024	2025	2024
Tax adjustments:
Revisions to valuation allowances of historical deferred tax assets	$ —	$ —	$ (1.2)	$ (1.6)
Net impact of Switzerland tax incentives	10.5	(300.0)	13.3	(300.0)
Foreign currency remeasurement and other discrete items	(3.6)	(4.3)	9.1	(2.7)
Total Non-GAAP tax adjustments	$ 6.9	$ (304.3)	$ 21.2	$ (304.3)

RECONCILIATION OF NET INCOME (LOSS) (GAAP) TO ADJUSTED EARNINGS FROM CONTINUING OPERATIONS, BEFORE INTEREST, INCOME TAXES, DEPRECIATION AND AMORTIZATION, AND NONCONTROLLING INTERESTS (NON-GAAP)
(Unaudited, in millions)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Net income (loss) (GAAP)	$ 67.8	$ 295.2	$ 52.2	$ 292.1
Restructuring and other charges (income)	36.7	95.1	54.5	136.0
Non-operating pension, postretirement, and other charges (income)	6.6	4.2	9.8	8.5
Discontinued operations, net of income taxes	(23.4)	2.8	(16.4)	15.3
Interest expense, net	61.0	63.6	111.1	125.3
Depreciation and amortization	43.4	44.3	87.1	90.0
Provision (benefit) for income taxes	14.4	(303.5)	27.9	(304.9)
Adjusted earnings from continuing operations, before interest, income taxes, depreciation and amortization, and noncontrolling interests (Non-GAAP) (1)	$ 206.5	$ 201.7	$ 326.2	$ 362.3

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

RECONCILIATION OF CASH PROVIDED (REQUIRED) BY OPERATING ACTIVITIES OF CONTINUING OPERATIONS (GAAP) TO FREE CASH FLOW (NON-GAAP)
(Unaudited, in millions)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Cash provided (required) by operating activities of continuing operations (GAAP) (1)	$ 65.9	$ 292.2	$ (479.1)	$ 149.3

Capital expenditures	(15.0)	(9.9)	(46.6)	(30.6)
Other investing activities	5.2	(4.5)	(0.6)	(7.2)
Capital additions and other investing activities	$ (9.8)	$ (14.4)	$ (47.2)	$ (37.8)

Cash provided (required) by operating activities of discontinued operations	(16.4)	2.6	(29.7)	(18.9)
Free cash flow (Non-GAAP) (2)	$ 39.7	$ 280.4	$ (556.0)	$ 92.6

___________________
(1)	Includes cash payments made in connection with our Project Focus transformation program of $14.9 million and $23.6 million for the three months ended June 30, 2025 and 2024, respectively, and $70.6 million and $63.5 million for the six months ended June 30, 2025 and 2024, respectively.
(2)	Free cash flow is defined as cash provided (required) by operating activities of continuing operations (GAAP) adjusted for spending for capital additions and other investing activities as well as cash provided (required) by discontinued operations and divestiture transaction costs associated with the sale of our GSS business. We believe that this Non-GAAP financial measure provides a useful basis for investors and securities analysts to evaluate the cash generated by routine business operations, including to assess our our ability to repay debt, fund acquisitions and return capital to shareholders through share repurchases and dividends. Our use of free cash flow has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of our results under U.S. GAAP.

RECONCILIATION OF REVENUE CHANGE (GAAP) TO ORGANIC REVENUE CHANGE (NON-GAAP) (1) (Unaudited)

	Three Months Ended June 30, 2025 vs. 2024	Six Months Ended June 30, 2025 vs. 2024
Total Revenue Change (GAAP)	1 %	(6) %
Less: Foreign Currency Impact	(1) %	(2) %
Organic Revenue Change (Non-GAAP)	2 %	(4) %

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

RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP) TO RETURN ON INVESTED CAPITAL ("ROIC") NUMERATOR (NON-GAAP) AND ADJUSTED ROIC (USING NON-GAAP NUMERATOR)(1) (Unaudited)

	Twelve Months Ended
	June 30, 2025
Net income (loss) attributable to FMC stockholders (GAAP)	$ 99.9
Interest expense, net, net of income taxes	195.2
Corporate special charges (income)	157.8
Income tax expense (benefit) on Corporate special charges (income)	(24.9)
Discontinued operations attributable to FMC stockholders, net of income taxes	30.1
Tax adjustments	158.0
ROIC numerator (Non-GAAP)	$ 616.1

	June 30, 2025	June 30, 2024
Total debt	$ 4,163.3	$ 4,179.1
Total FMC stockholders' equity	4,397.0	4,559.4
Total debt and FMC stockholders' equity (GAAP)	$ 8,560.3	$ 8,738.5
ROIC denominator (2 yr average total debt and FMC stockholders' equity)	$ 8,649.4

ROIC (using Net income (loss) attributable to FMC stockholders (GAAP) as numerator)	1.15 %
Adjusted ROIC (using Non-GAAP numerator)	7.12 %

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

FMC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in millions)

	June 30, 2025	December 31, 2024
Cash and cash equivalents	$ 438.2	$ 357.3
Trade receivables, net of allowance of $42.8 in 2025 and $39.4 in 2024	3,076.3	2,903.2
Inventories	1,395.7	1,201.6
Prepaid and other current assets	557.1	496.2
Total current assets	$ 5,467.3	$ 4,958.3
Property, plant and equipment, net	890.7	849.7
Goodwill	1,527.0	1,507.0
Other intangibles, net	2,401.4	2,360.7
Deferred income taxes	1,549.5	1,523.8
Other long-term assets	461.2	453.8
Total assets	$ 12,297.1	$ 11,653.3
Short-term debt and current portion of long-term debt	$ 893.3	$ 337.4
Accounts payable, trade and other	906.0	768.5
Advanced payments from customers	—	453.8
Accrued and other liabilities	819.8	755.2
Accrued customer rebates	812.0	489.9
Guarantees of vendor financing	61.5	85.5
Accrued pensions and other postretirement benefits, current	3.0	6.4
Income taxes	77.5	122.5
Total current liabilities	$ 3,573.1	$ 3,019.2
Long-term debt, less current portion	$ 3,270.0	$ 3,027.9
Long-term liabilities	1,025.9	1,097.4
Equity	4,428.1	4,508.8
Total liabilities and equity	$ 12,297.1	$ 11,653.3

FMC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions)

	Six Months Ended June 30,
	2025	2024
Cash provided (required) by operating activities of continuing operations	$ (479.1)	$ 149.3

Cash provided (required) by operating activities of discontinued operations	(29.7)	(18.9)

Cash provided (required) by investing activities of continuing operations	(51.4)	(39.6)

Cash provided (required) by financing activities of continuing operations	628.7	84.7

Effect of exchange rate changes on cash	12.4	(6.4)

Increase (decrease) in cash and cash equivalents	$ 80.9	$ 169.1

Cash and cash equivalents, beginning of period	$ 357.3	$ 302.4

Cash and cash equivalents, end of period	$ 438.2	$ 471.5

Cision

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SOURCE FMC Corporation

Toronto, Ontario–(Newsfile Corp. – July 28, 2025) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), announces that further to its press releases of May 7, 2025, June 19, 2025, July 14, 2025 and July 22, 2025, it has completed the final tranche of its non-brokered private placement financing for gross proceeds of $150,000 through the issuance of 3,000,000 units (the "Units") at a price of $0.05 per Unit (the "Offering").

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

Gross proceeds raised from the Offering will be used for the Company's PL Mine including; permitting, resource expansion and exploration drill program planning, as well as for general working capital purposes. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

The Offering constituted a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") as an insider of the Company subscribed for 1,000,000 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by the insider does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

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

About Minnova Corp.

Minnova Corp. is focused on the restart of its PL Gold Mine, which included completion of a Positive Feasibility Study in 2018 using a long-term gold price of US$1,250 per ounce. The study concluded the restart of the PL Mine, at an average annual production rate of 46,493 ounces over a minimum 5-year mine life, was economically robust. Importantly the global resource remains open to expansion, as does the reserve. The PL Gold Mine benefits from a short pre-production timeline forecast at 15 months, a valid underground mining permit (Environment Act 1207E), an existing 1,000 tpd processing plant, over 7,000 meters of developed underground ramp to -135 metres depth. The project is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon Greenstone Belt of Central Manitoba.

For more information please contact:

Minnova Corp.Gorden GlennPresident & Chief Executive OfficerTel: 647-985-2785

Investor Relations: info@minnovacorp.ca

Website: www.minnovacorp.ca

Forward-Looking Statements

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

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

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

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260412

FMC Corporation (NYSE:FMC), a cheaply priced stock popular among hedge funds and offering upside potential, is included in our list of the 10 Cheap Lithium Stocks to Buy According to Hedge Funds.

A person inspecting a lithium-ion battery that is being recycled.

On July 14, 2025, KeyBanc increased its price target on FMC Corporation (NYSE:FMC) from $53 to $61, maintaining an ‘Overweight’ rating. For a stock that is trading at $43.21 as of the time of writing, representing a 41.17% upside, per the analyst. The analyst signals growing optimism around the company’s growth potential.

Meanwhile, two days later, FMC Corporation (NYSE:FMC)’s board declared a regular quarterly dividend of $0.58 per share, payable on October 16, 2025. Amid the volatile market environment, this points to the company’s commitment to shareholder returns and operational resilience.

With decades of experience in developing and producing lithium amides, lithium alkoxides, lithium metal hydrides, alkyllithiums, and aryllithiums, FMC Corporation (NYSE:FMC) has enabled the production of agricultural and pharmaceutical intermediates. It is included in our list of cheap lithium stocks.

FMC Corporation (NYSE:FMC), a global agricultural sciences company, offers sustainable crop protection and precision agriculture solutions. It is included in our list of cheap lithium stocks.

Disclosure: None.

Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.

Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.

2 Stocks to Add to Your Watchlist

The Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.

Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Vital Farms (VITL) earns a Zacks Rank #1 right now and its Most Accurate Estimate sits at $0.29 a share, just 13 days from its upcoming earnings release on August 7, 2025.

VITL has an Earnings ESP figure of +2.35%, which, as explained above, is calculated by taking the percentage difference between the $0.29 Most Accurate Estimate and the Zacks Consensus Estimate of $0.28.

VITL is part of a big group of Consumer Staples stocks that boast a positive ESP, and investors may want to take a look at FMC (FMC) as well.

FMC, which is readying to report earnings on July 30, 2025, sits at a Zacks Rank #3 (Hold) right now. Its Most Accurate Estimate is currently $0.61 a share, and FMC is five days out from its next earnings report.

FMC's Earnings ESP figure currently stands at +2.89% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.59.

VITL and FMC's positive ESP metrics may signal that a positive earnings surprise for both stocks is on the horizon.

Find Stocks to Buy or Sell Before They're Reported

Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>

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Vital Farms, Inc. (VITL) : Free Stock Analysis Report

FMC Corporation (FMC) : Free Stock Analysis Report

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

Zacks Investment Research

Toronto, Ontario–(Newsfile Corp. – July 24, 2025) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), announces that, further to its press releases of April 29, 2024 and December 19, 2024, it has settled an aggregate of $800,000 of indebtedness owed to certain creditors of the Company through the issuance of an aggregate of 15,999,999 common shares in the capital of the Company (the "Common Shares") at a price of $0.05 per Common Share (the "Debt Settlement").

All securities issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The Debt Settlement is constituted "related party transactions" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as certain insiders of the Company received an aggregate of 8,299,999 Common Shares. The Company is relying on the exemptions from the valuation approval requirements of MI 61-101 contained in section 5.5(b) of MI 61-101, as the Company's securities are not listed on one of the markets specified in section 5.5(b) of MI 61-101. The Company did not rely on an exemption the minority shareholder approval under MI 61-101, as minority shareholder approval for the Debt Settlement was received at the annual and special meeting of shareholders held on January 22, 2025.

Prior to the completion of the Debt Settlement, Mr. Gorden Glenn held, directly or indirectly, an aggregate of 5,270,740 Common Shares and 2,791,436 stock options, representing approximately 6.68% of the issued and outstanding Common Shares on an undiluted basis and approximately 9.86% on a partially diluted basis. Upon completion of the Debt Settlement, Mr. Glenn holds an aggregate of 13,570,739 Common Shares and 2,791,436 stock options, representing approximately 14.29% of the then issued and outstanding Common Shares on an undiluted basis and approximately 16.74% on a partially diluted basis. Depending on market and other conditions, or as future circumstances may dictate, Mr. Glenn may from time to time increase or decrease its holdings of Common Shares or other securities of the Company. A copy of the early warning report will be available on the Company's issuer profile on SEDAR+ at www.sedarplus.ca.

About Minnova Corp.

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

For more information, please contact:

Minnova Corp.Gorden GlennPresident & Chief Executive Officer

For further information, please contact Investor Relations at 647-985-2785 or info@minnovacorp.ca.

Visit our website at www.minnovacorp.ca.

Forward-Looking Statements

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259987

The market expects FMC (FMC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus Estimate

This chemical producer is expected to post quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of -6.4%.

Revenues are expected to be $965.4 million, down 7% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 1.32% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

Price, Consensus and EPS Surprise Chart for FMCEarnings Whisper

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

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

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

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

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

How Have the Numbers Shaped Up for FMC?

For FMC, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.89%.

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

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

Does Earnings Surprise History Hold Any Clue?

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

For the last reported quarter, it was expected that FMC would post earnings of $0.08 per share when it actually produced earnings of $0.18, delivering a surprise of +125.00%.

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

Bottom Line

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

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

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

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

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FMC Corporation (FMC) : Free Stock Analysis Report

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

Zacks Investment Research

Toronto, Ontario–(Newsfile Corp. – July 22, 2025) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company") announces that further to its press releases of May 7, 2025, June 19, 2025 and July 14, 2025, the Company has applied to the TSX Venture Exchange for an extension of its price protection for an additional ten (10) days in order to complete the previously announced non-brokered private placement of up to 16,000,000 units at a price of $0.05 per unit for aggregate gross proceeds of up to $800,000 (the "Offering").

The Company closed the initial tranche of the Offering on July 14, 2025, through the issuance of 8,510,000 Units for gross proceeds of $425,00. For further details on the Offering, please refer to the Company's press release of May 7, 2025.

About Minnova Corp.

For more information, please contact:

Minnova Corp.Gorden Glenn President & Chief Executive Officer

Investor Relations: info@minnovacorp.ca

Website: www.minnovacorp.ca

Forward-Looking Statements

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

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

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259719

UK (UKEF) and Finish (FINNVERA) export credit agencies have expressed their interest to support the Guben Lithium Converter project with up to EUR 150 million in credit guarantees.
In addition to the proposed senior debt tranche from the European Investment Bank (EIB), Export Credit Agency (ECA) support represents a vital component of the debt financing structure for large-scale infrastructure projects like the Guben Converter.
Amidst market turmoil and Lithium price uncertainty Rock Tech's Guben Converter – a strategic project under the EU's Critical Raw Materials Act – remains the largest committed stand-alone Lithium refinery project in Europe.

TORONTO, May 21, 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce it has received up to EUR 150m in government-backed support from export credit agencies via conditional, non-binding expressions of interest. Specifically, UK Export Finance (UKEF) and the Finnish export credit agency (Finnvera) have expressed their interest to support the Guben Converter. In addition, discussions with further export credit agencies from Europe, Australia and China are ongoing to support the procurement of key equipment items from these countries. ECA support will be additional to the proposed European Investment Banks's (EIB) senior debt tranche of EUR 150 million (as announced by the Company in a previous press release).

RCK announces ECA support. (CNW Group/Rock Tech Lithium Inc.)

"We welcome the strong backing from Export Credit Agencies in supporting the Guben Converter project. Their engagement reflects confidence in our vision, the business case and the strategic importance of this facility for Europe's green energy transition," says Chris Wright, Rock Tech's CFO.

In detail, the debt financing will benefit from the project's European sourcing scheme, making the project eligible for credit guarantees from major European export credit agencies. Large packages for supplies and services are to be contracted with business & procurement partners based in United Kingdom and Finland, and other EU countries. Subject to the due diligence being completed concurrently in accordance with their policies and applicable OECD consensus guidelines by the lending consortium and the ECAs, UKEF and Finnvera have expressed their initial interest in supporting the project via guarantees towards the lenders.

About the Guben Converter

The Guben Lithium Converter is a pioneering facility in Guben, Brandenburg, Germany, by the German-Canadian company Rock Tech Lithium Inc. This plant is set to become Europe's first commercial lithium hydroxide refinery, aiming to produce 24,000 tonnes of battery-grade lithium hydroxide annually—enough to supply over 500,000 electric vehicles per year.

Strategically located near major automotive and battery manufacturing hubs the Guben Converter is designed to strengthen Europe's battery supply chain by processing spodumene concentrate secured via leading trading partner C&D Logistics (Qingdao) Co., Ltd. The Converter will utilize advanced crystallization technologies, supplied by GEA Group AG, to ensure high-purity lithium production with minimal environmental impact. The leading international engineering firm Worley Ltd. has been selected as construction partner (EPCM) for the plant.

Recognized as a strategic project under the EU's Critical Raw Materials Act, the Guben Converter underscores Europe's commitment to securing essential materials for the energy transition. The project is expected to create approximately 200 jobs and represents a significant step toward regionalizing and decarbonizing the lithium supply chain in Europe.

On behalf of the Management

Mirco WojnarowiczCEO, Rock Tech Lithium Inc.

ABOUT ROCK TECH

Rock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the intended use of proceeds from the Offering and allocation thereof; listing of the Unit Shares on the TSX-V, including obtaining the final acceptance of the TSX-V; the results of the due diligence and decision of the ECA and EIB; discussions with strategic and financial investors to explore potential opportunities for investments directly at the project level, including the Company's converter projects in Germany and Canada and the Georgia Lake Project; and Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company's operations and properties. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things: the satisfaction of the conditions to obtain final acceptance of the TSX-V approval for the listing of the Unit Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; Rock Tech's ability to procure supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

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.

Cision

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SOURCE Rock Tech Lithium Inc.

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

OTTAWA, ON, May 16, 2025 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce that it has closed its previously announced (April 23, 2025) non-brokered, private placement of 7,500,000 units for total proceeds of $300,000 (the "Offering").

The Offering was comprised of 7,500,000 units ("Units") at $0.04 per Unit, with each Unit consisting of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant") for aggregate gross proceeds of $300,000. Each Warrant is exercisable for one Common Share at a price of $0.10 per share within 24 months of closing.

Proceeds from the Offering, together with the $500,500 in proceeds from the Company's previously completed offering of flow-through and non-flow through units that closed on April 22, 2025, will be used for exploration expenses at the Root & Cellar Property focussed on a diamond drill program at the Conquest Zone to commence on or around June 10, 2025. A drill contract has been signed with MCL Drilling of Deer Lake, Newfoundland.

We are excited to be starting this, pivotal, 3,000m drill program, on the Conquest Zone at Root & Cellar. This drilling program follows up on the 2023 program that identified the sinter and outflow zone, marking the top of an epithermal gold / silver system. It is unusual to see significant gold mineralization at the sinter level, and the visible gold found in the 2023 drilling and trenching programs, bodes well for what may exist at greater depth in the boiling zone where higher grades that are characteristic of low sulphidation systems, are expected. 3D modelling of the magnetic low underlying the Conquest Zone shows a compelling visualization of the epithermal system, with the sinter coinciding with the top of a "branch" that extends to approximately 800m depth"

"Epithermal gold systems are renowned for their high grades of gold and silver grades but a select few of them are also very large. Grab samples with values up to 111 g/t Au, 1,385 g/t Ag, 700 ppm Te and 10.5% Cu, (see Company news release, May 21, 2019, and September 7, 2022) show the high-grade potential at Root & Cellar, however the multiple datasets generated are also suggestive of a very large system."

What makes the Root & Cellar property even more attractive is its location on the Burin Peninsula, 10-minute drive from a paved highway and deep-water port and accessible by car. When geologists think of large-scale epithermal gold and porphyry copper systems, Newfoundland is not top of mind; however, "out of the box" thinking and innovation have led us to a significant Au-Ag-Te discovery at Root & Cellar. When it comes to greenfield exploration for large, blind, epithermal systems, we don't believe the evidence or location gets better than this."

– Ian Bliss, President and CEO, Northern Shield

Closing of the Offering is subject to certain customary conditions, including, without limitation, final approval of the TSX Venture Exchange ("TSXV"), and all of the securities issued under the Offering will be subject to a four-month and one-day statutory hold period.

Technical information in this news release was reviewed and approved by Christine Vaillancourt, P.Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101.

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

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

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

Cautionary Statement Regarding Forward-Looking Statements

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

3D image of the magnetic low that underlies the Conquest Zone, Root & Cellar Property (CNW Group/Northern Shield Resources Inc.)

SOURCE Northern Shield Resources Inc.

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

Revenue for Q1 2025 decreased to $14.8 million (Q1 2024 – $15.7 million), representing a $0.9 million or -5.7% decrease.
Mine operating loss increased by $10.0 million to $4.7 million in Q1 2025 (Q1 2024 – mine operating income of $5.3 million) while gross margin decreased from 33.7% in Q1 2024 to -31.6% in Q1 2025.
Operating loss was $8.1 million in Q1 2025 compared to $0.03 million in Q1 2024.
Net loss attributable to equity shareholders was $6.9 million ($0.03 loss per share) in Q1 2025 versus net loss attributable to equity shareholders of $0.9 million ($0.00 loss per share) in Q1 2024. The increase in Q1 2025 net loss was largely attributable due to the restart of underground operations, resulting in increased production costs and site services costs incurred at the Crocodile River Mine ("CRM") in South Africa.
The Company had a working capital deficit (current assets less current liabilities) of $47.4 million as at March 31, 2025 (December 31, 2024 – working capital deficit of $38.7 million) and short-term cash resources of $4.7 million (consisting of cash and cash equivalents) (December 31, 2024 – $3.1 million)

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

Operations

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

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

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

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

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

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

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

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

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

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

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

Condensed interim consolidated financial statements for the three months ended March 31, 2025; and
Management's discussion and analysis for the three months ended March 31, 2025.

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

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

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

About Eastern Platinum Limited

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

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

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

SOURCE Eastern Platinum Ltd.

Cision

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

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

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

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

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

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

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

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

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

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

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

About Commerce Resources Corp.

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

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

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

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

On Behalf of the Board of Directors COMMERCE RESOURCES CORP.

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

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

Forward-Looking Statements

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

SOURCE: Commerce Resources Corp.

View the original press release on ACCESS Newswire

Mirco Wojnarowicz appointed CEO; Christopher Wright named CFO; Kerstin Wedemann continues as Chief Legal & Corporate Officer.
Dirk Harbecke to focus on the Chairman position.
Leadership transition follows successful internal succession planning and growth initiatives.

TORONTO, May 12, 2025 /PRNewswire/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce a change in its executive leadership team, effective immediately. This transition marks a significant step in Rock Tech's strategic evolution as the Company advances toward its goal of becoming a leading supplier of lithium for the European and North American battery supply chains.

Dirk Harbecke (left) hands over CEO responsibilities to Mirco Wojnarowicz (right). (CNW Group/Rock Tech Lithium Inc.)

The Company has appointed Mirco Wojnarowicz as Chief Executive Officer (CEO) and Christopher Wright as Chief Financial Officer (CFO). Kerstin Wedemann will continue as Chief Legal & Corporate Officer. Mirco has been with Rock Tech for three years and Chris was an external hire in 2024 with the intention to transition him into the CFO role in 2025.

Dirk Harbecke, who has served as interim CEO since 2022, will remain Chairman of the Board and as Rock Tech's largest shareholder, also ensure ongoing leadership continuity and strategic oversight. Under his leadership, the Company strengthened its internal talent pool and implemented formal succession planning. This leadership transition reflects that long-term approach to sustainable growth.

"For Rock Tech, these appointments mark an important milestone on the path of our ambitious execution strategy. We are delighted that Mirco has accepted our offer to become CEO. He is an exceptional individual who has already delivered key milestones as VP Business Development over the past 3 years. He is a very inclusive leader with significant global lithium industry experience, a profound understanding of our operations and strategy, as well as the core values of Rock Tech. Mirco is going to be an exceptional CEO and will lead the company into its next phase of growth as a key player in the European and North American battery materials supply chain," said Dirk Harbecke, Chairman of the Board. "Together with Chris as our new CFO, whose extensive experience in mining and finance will bring significant value to Rock Tech, and Kerstin with her strong background in legal and corporate matters continuing in her leadership role, we have the right team in place for Rock Tech's exciting next chapter."

Mirco Wojnarowicz brings over 15 years of international leadership experience in the industrial and energy sectors. Since joining Rock Tech in 2022 as Vice President of Business Development, he has successfully driven strategic initiatives, including securing offtake and feedstock agreements and establishing Rock Tech's lithium joint-venture with Transamine SA in Switzerland. Prior to Rock Tech, he held senior divisional leadership roles at Mitsubishi Power Europe, where he led international teams and oversaw major commercial and risk management programs.

Chris Wright has 15+ years of experience in finance and mining. This most recently includes a role at Liontown Resources where he helped deliver project financing for the Australian based lithium producer. Prior to this, Chris provided corporate advice to mining companies, managed natural resource investments for ultra-high net worth clients, and led assessments of project financing at the Australian Treasury. He holds a Master's degree in Applied Finance from the Australian National University and a Master's degree in Mining Engineering from the University of New South Wales.

"I am honoured to take on the role of CEO at such an exciting and pivotal time in Rock Tech's journey," said Mirco Wojnarowicz, CEO Rock Tech Lithium. "We have a clear mission, a strong team, and a strategy focused on execution to deliver high-quality lithium products and build fully functional, local battery supply chains. I look forward to working with our talented colleagues, the board and partners to unlock the full potential of our business."

The Company has accepted the resignation of Mr. Dirk Harbecke and Mr. Derek Sobel from their interim positions (the latter as CFO) and would like to extend its sincere thanks to both for their services and contributions. Mr. Sobel will continue his work at Rock Tech as the Company's Group Financial Controller.

On behalf of the Board of Directors,

Dirk HarbeckeChairman

ABOUT ROCK TECHRock Tech's vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. To ensure resilient supply chains, the company plans to build lithium converters at the doorstep of its customers, beginning with the Company's proposed Lithium Hydroxide Converter in Guben, Brandenburg, Germany. The second Converter is planned to be built in Red Rock, Ontario, Canada. Rock Tech Lithium plans to source raw material from its own Georgia Lake spodumene project in the Thunder Bay Mining District of Ontario, Canada, and procure from other ESG-compliant mines. Ultimately, Rock Tech's goal is to create a closed-loop lithium production system. Rock Tech has gathered one of the strongest teams in the industry to close the most pressing gap in the clean mobility story. The Company has adopted strict environmental, social and governance standards and is developing a proprietary refining process to increase efficiency and sustainability further.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATIONCertain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the intended use of proceeds from the Offering and allocation thereof; listing of the Unit Shares on the TSX-V, including obtaining the final acceptance of the TSX-V; discussions with strategic and financial investors to explore potential opportunities for investments directly at the project level, including the Company's converter projects in Germany and Canada and the Georgia Lake Project; and Rock Tech's opinions, beliefs and expectations regarding the Company's business strategy, development and exploration opportunities and projects, and plans and objectives of management for the Company's operations and properties. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things: the satisfaction of the conditions to obtain final acceptance of the TSX-V approval for the listing of the Unit Shares on the TSX-V; the supply and demand for, deliveries of, and the level and volatility of prices of, feedstock and intermediate and final lithium products; that all required regulatory approvals and permits can be obtained on the necessary terms in a timely manner; expected growth, performance and business operations; future commodity prices and exchange rates; prospects, growth opportunities and financing available to the Company; general business and economic conditions; the costs and results of exploration, development and operating activities; Rock Tech's ability to procure supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

Cision

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SOURCE Rock Tech Lithium Inc.

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

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FMC's Payment Could Potentially Have Solid Earnings Coverage

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

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

NYSE:FMC Historic Dividend May 7th 2025

See our latest analysis for FMC

FMC Has A Solid Track Record

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

Dividend Growth Is Doubtful

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

The Dividend Could Prove To Be Unreliable

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

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

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

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

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

About Minnova Corp.

For more information please contact:

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

Forward Looking Statements

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

NOT FOR DISSEMINATION INTO THE UNITED STATES

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

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

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

NYSE:FMC Earnings Per Share Growth as at May 2025

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

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

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

Our valuation report here indicates FMC may be undervalued.

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

Companies discussed in this article include NYSE:FMC.

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

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

Top 10 Penny Stocks In Canada

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

Click here to see the full list of 928 stocks from our TSX Penny Stocks screener.

We’ll examine a selection from our screener results.

Eskay Mining

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

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

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

Market Cap: CA$52.39M

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

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

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

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

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

Market Cap: CA$196.71M

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

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

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

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

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

Market Cap: CA$46.58M

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

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

Click this link to deep-dive into the 928 companies within our TSX Penny Stocks screener.
Interested In Other Possibilities? Outshine the giants: these 28 early-stage AI stocks could fund your retirement.

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

This article was originally published by Simply Wall St.

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

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

Revenue: US$791.4m (down 14% from 1Q 2024).
Net loss: US$8.50m (down by 187% from US$9.80m profit in 1Q 2024).
US$0.068 loss per share (down from US$0.078 profit in 1Q 2024).

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

NYSE:FMC Earnings and Revenue Growth May 2nd 2025

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

FMC Earnings Insights

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

Performance of the American Chemicals industry.

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

Risk Analysis

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

Revenue: Declined 14% versus the prior year.
Pricing: Down 9%, with over half of the decline due to adjustments in certain cost-plus contracts.
FX Headwind: 4% impact on revenue growth, largely driven by the Brazilian real and European currencies.
Volume: Down 1% versus the prior year, with growth in Latin America offsetting declines elsewhere.
North America Sales: Declined 28% due to lower volume and cautious ordering by retailers and growers.
Latin America Sales: Grew 17%, excluding FX headwinds.
Asia Sales: Declined 21%, excluding currency impacts.
EMEA Sales: Declined 7%, excluding currency impacts.
EBITDA: Declined 25% due to lower price, FX headwinds, and reduced volume.
Interest Expense: $50.1 million, down over $11 million compared to the prior year period.
Effective Tax Rate: 14% in the first quarter.
Gross Debt: Approximately $4 billion, up $640 million from the prior quarter.
Net Debt: Approximately $3.7 billion.
Free Cash Flow: Negative $596 million, $408 million lower than the prior year period.
Full-Year Guidance: Sales expected to be flat, adjusted EBITDA to grow 1%, and adjusted earnings per share to be flat at the midpoint.

Warning! GuruFocus has detected 6 Warning Signs with FMC.

Release Date: May 01, 2025

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

Positive Points

FMC Corp (NYSE:FMC) has made strong progress in reducing channel inventory levels, particularly in regions outside Asia, positioning the company well for the second half of the year.
The company has successfully implemented its Rynaxypyr strategy, offering both lower-priced solo formulations and higher-value patented mixtures, which is expected to drive sales growth.
FMC Corp (NYSE:FMC) has established a new route to market in Brazil, selling directly to large corn and soybean growers, which is anticipated to provide a significant growth opportunity.
The company’s growth portfolio, including new active ingredients like fluindapyr and Isoflex, is well-positioned to deliver strong results, with recent product registrations supporting future sales.
FMC Corp (NYSE:FMC) has demonstrated resilience against tariff impacts by leveraging supply chain flexibility and cost-saving measures, minimizing the financial impact on the company.

Negative Points

FMC Corp (NYSE:FMC) experienced a 14% decline in sales in Q1 compared to the previous year, driven by lower pricing and FX headwinds.
The company faced a 25% decline in EBITDA in Q1 due to lower prices, FX headwinds, and reduced volume.
North American sales declined by 28% due to cautious purchasing behavior from retailers and growers, impacting overall performance.
The company anticipates a $15 million to $20 million cost headwind from tariffs, which could affect profitability if not managed effectively.
FMC Corp (NYSE:FMC) continues to face challenges in Asia and EMEA, with sales declines due to prudent selling strategies and loss of product registrations.

Q & A Highlights

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

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

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

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

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

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

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

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

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

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

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

This article first appeared on GuruFocus.

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

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

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

About Eastern Platinum Limited

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

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

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/02/c3964.html

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

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

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

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

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

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

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

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

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

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

12 Most Promising EV Battery Stocks According to Wall Street Analysts

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

Our Methodology

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

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

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

Analysts’ Upside Potential as of April 22: 30.84%

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

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

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

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

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

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

FMC Corporation Price, Consensus and EPS Surprise

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

FMC’s Regional Sales Performance

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

FMC’s Financials

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

FMC’s Guidance

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

FMC’s Price Performance

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

Zacks Investment Research

Image Source: Zacks Investment Research

FMC’s Zacks Rank & Key Picks

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

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

FMC Corporation (FMC) : Free Stock Analysis Report

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

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

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

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

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