Tech Metals Archives - Page 16 of 71

We recently compiled a list of the 9 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where FMC Corporation (NYSE:FMC) stands against the other stocks on Jim Cramer's radar.

Jim Cramer, host of Mad Money, recently emphasized the importance of long-term investing, urging investors to focus on the growth prospects of certain pharmaceutical stocks while also answering callers’ questions about certain stocks. Cramer acknowledged that stocks often experience cyclical trends, with some sectors falling out of favor temporarily.

“Look, stocks go in and out of style in the Wall Street fashion show. Whole sectors wallow at times. Right now, healthcare’s in some sort of doghouse the likes of which I’ve never seen.”

Despite the industry’s struggles, Cramer reflected on his observations at the JPMorgan healthcare conference in San Francisco, where he saw many pharmaceutical companies that he believes are not being properly valued by Wall Street. While the present outlook for these companies may not be particularly stellar, he highlighted the strong and lucrative long-term potential they offer.

“Why am I so willing to focus on the so-called out years? Because the long-term possibilities for these companies, frankly, they're incredible and by the way, incredibly lucrative too, even as the present is good, but not great.”

He pointed to the ongoing progress in the healthcare sector, particularly with GLP-1 drugs, which have the potential to treat more conditions beyond diabetes and weight loss. Additionally, companies are working on developing oral versions of these treatments, which could offer patients more convenient options. Beyond GLP-1 drugs, healthcare companies are expanding their portfolios with new cancer therapies, treatments for eye care and asthma, and experimental drugs for COVID-19.

“The bottom line: Ask yourself what happens if things get better, please. What if the future is brighter than the past? If that’s the case, and I think it is, then you’ll have a lot of winners with these drug and medical device plays.”

Our Methodology

For this article, we compiled a list of 9 stocks that were discussed by Jim Cramer during the recent episode of Mad Money on January 14. We listed the stocks in ascending order of their hedge fund sentiment as of the third quarter, which was taken from Insider Monkey’s database of 900 hedge funds.

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

A laboratory technician carefully mixing chemicals in a laboratory.

FMC Corporation (NYSE:FMC)

Number of Hedge Fund Holders: 41

FMC Corporation (NYSE:FMC) is an agricultural sciences company that offers crop protection, plant health, and pest management products to improve crop yield and quality, as well as for pest control in non-agricultural sectors. When a caller asked Cramer about the stock, his response was:

“… I can only rate that one a hold because I don’t like the sector it is in, crop chemicals, fungicide. No, I’m not there for that. I'm sorry.”

FMC (NYSE:FMC) has faced significant challenges recently. It has seen declining sales volumes and destocking, which have hurt its financial performance. Over the past five years, FMC’s stock has dropped by over 45%.

However, it is noteworthy that on January 14, BofA analyst Steve Byrne raised FMC’s (NYSE:FMC) rating to Neutral from Underperform, setting a price target of $61, reduced from $63. The firm acknowledges that FMC’s recovery from the expected 2024 downturn will be difficult due to company-specific challenges, weak agricultural conditions, trade war concerns, and a strong dollar.

It also expects a significant EBITDA rebound in 2025 as volumes improve and earnings benefit from cost reductions and falling raw material prices. The analyst noted that the current valuation appropriately reflects these risks.

Overall FMC ranks 6th on our list of the stocks on Jim Cramer's radar. While we acknowledge the potential of FMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FMC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

We recently compiled a list of the 11 Best Potash Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Sociedad Química y Minera de Chile S.A. (NYSE:SQM) stands against other best potash stocks to buy according to hedge funds.

Potash is a group of minerals and chemicals that contain potassium, a vital nutrient for plants and animals. The term refers to compounds including potassium sulfate, potassium-magnesium sulfate, potassium nitrate, potassium carbonate, potassium oxide, and potassium chloride. Among these, potassium chloride (KCl), also known as muriate of potash (MOP), is the most commonly produced and used form of potash.

Potash is primarily used to produce fertilizers, which are essential for plant growth and development. Fertilizers containing potash help to support plant growth, increase crop yield, and enhance disease resistance. Additionally, potash helps to improve water preservation, making it an indispensable supplement to the natural nutrient content of soils. Soils often lack these essential nutrients, or growing crops have depleted them, making potash a necessary addition to maintain soil fertility. With approximately 95% of potash being used in fertilizers, its role in agriculture cannot be emphasized enough. The remaining 5% is used in the production of potassium-bearing chemicals, such as detergents, ceramics, pharmaceuticals, water conditioners, and alternatives to de-icing salt.

Potash is mined from underground deposits, either through conventional underground ore mining or by injecting water into the underground ore body and extracting the resulting brine. According to a report by the Canadian Government, potash production was estimated at 67.5 million tonnes globally in 2023, with Canada contributing 32.4% of the global supply. Canada, Russia, and Belarus dominate global potash production and accounted for 65.9% of the total in 2023. Canada is the world’s largest producer and exporter of potash, with 11 active mines in Saskatchewan, producing 21.9 million tonnes and exporting 22.8 million tonnes in 2023, which accounts for over 41% of global exports.

Potash prices have fluctuated over the years, declining from 2013 to 2016 and remaining relatively low until 2020. However, in 2021, prices rose sharply due to strong demand, and the surge continued into 2022, peaking at $1,202 per tonne in April, driven by geopolitical tensions and the Russian invasion of Ukraine. By June 2023, prices had fallen to $328 per tonne as global supply concerns subsided.

Potash is a vital nutrient for plants and animals, and its importance in fertilizers cannot be overstated. As the world’s population continues to grow, the demand for potash is likely to increase.

Is Sociedad Quimica y Minera (SQM) the Best Potash Stocks to Buy According to Hedge Funds?

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

Our Methodology

To compile our list of the 11 best potash stocks to buy according to hedge funds, we sifted through financial media reports and potash-related ETFs to find companies that are involved in the production and processing of potash. We then used Insider Monkey’s hedge fund database to rank 11 stocks with the largest number of hedge fund holders, as of Q3 2024. The list is sorted in ascending order of hedge fund sentiment.

Why do we care about what hedge funds do? 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)

Number of Hedge Fund Holders: 12

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) commonly referred to as SQM, is a Chilean chemical and mining company recognized for its role as one of the world’s largest producers of potash and lithium. The company’s potassium-based fertilizers are sold globally, with a significant presence in major agricultural markets, including North America, South America, Europe, and Asia.

To grow its potassium-based business, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) has been focusing on a large-scale mining operation in the Atacama Salt Flats in northern Chile. The Atacama Salt Flats are a unique geological formation and boast an abundance of potassium-rich minerals, including potassium chloride (KCl), potassium sulfate (K2SO4), potassium nitrate (KNO3), and other valuable resources. The company extracts these potassium-rich minerals from the salt flats, which are then processed and refined into high-quality potash products. Sociedad Quimica y Minera (NYSE:SQM) potash products are highly valued for their ability to improve crop yields, quality, and overall plant health.

Sociedad Quimica y Minera (NYSE:SQM) is working on expanding its production capacity and improving its operational efficiency. The company has been investing in various projects, including the “Adapting Pond Iris” project, which involves improving the hazardous substances pond facilities at its Iris plant, in accordance with the Adaptation Plan for Hazardous Substances Regulation DS 43.

Overall SQM ranks 7th on our list of the best potash stocks to buy according to hedge funds. While we acknowledge the potential of SQM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. 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 the cheapest AI stock.

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

The Canadian market has been experiencing shifts in bond yields, which have implications for future investment strategies, particularly with the potential for bonds to outperform cash as interest rates fluctuate. In this context, penny stocks—though somewhat of an outdated term—remain a relevant area of interest for investors seeking growth opportunities at lower price points. These smaller or newer companies can offer a unique blend of value and growth potential when backed by strong financials, making them attractive options for those looking to explore under-the-radar investments.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Pulse Seismic (TSX:PSD)	CA$2.39	CA$116.93M	★★★★★★
Silvercorp Metals (TSX:SVM)	CA$4.32	CA$913.76M	★★★★★★
Mandalay Resources (TSX:MND)	CA$3.94	CA$368.12M	★★★★★★
Findev (TSXV:FDI)	CA$0.53	CA$12.75M	★★★★★★
PetroTal (TSX:TAL)	CA$0.54	CA$501.61M	★★★★★★
Foraco International (TSX:FAR)	CA$2.41	CA$231.32M	★★★★★☆
East West Petroleum (TSXV:EW)	CA$0.04	CA$3.62M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.15	CA$33.85M	★★★★★★
Hemisphere Energy (TSXV:HME)	CA$1.83	CA$179.46M	★★★★★☆
Enterprise Group (TSX:E)	CA$1.89	CA$113.26M	★★★★☆☆

Click here to see the full list of 950 stocks from our TSX Penny Stocks screener.

Let’s dive into some prime choices out of the screener.

Forsys Metals

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

Overview: Forsys Metals Corp., with a market cap of CA$128.20 million, focuses on the acquisition, exploration, and development of mineral properties in Africa through its subsidiaries.

Operations: Forsys Metals Corp. currently does not report any revenue segments.

Market Cap: CA$128.2M

Forsys Metals Corp., with a market cap of CA$128.20 million, operates as a pre-revenue entity focused on mineral exploration in Africa. The company is debt-free and has no long-term liabilities, but it faces financial challenges with less than a year of cash runway and ongoing shareholder dilution. Recent earnings reports show reduced net losses compared to the previous year, yet profitability remains elusive with forecasts indicating further declines in earnings over the next three years. Despite these hurdles, Forsys benefits from an experienced management team and board of directors, providing some stability amidst its current volatility.

TSX:FSY Financial Position Analysis as at Jan 2025RTG Mining

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

Overview: RTG Mining Inc. is involved in the exploration and development of mineral properties, with a market capitalization of CA$33.86 million.

Operations: RTG Mining Inc. currently does not report any revenue segments as it is focused on the exploration and development of mineral properties.

Market Cap: CA$33.86M

RTG Mining Inc., with a market cap of CA$33.86 million, is pre-revenue and focused on mineral exploration. The company is debt-free, which mitigates financial risk, but faces challenges with less than a year of cash runway. Despite its unprofitability, RTG has reduced losses by 25% annually over the past five years and maintains strong short-term asset coverage over liabilities. The board and management team are experienced, providing strategic stability amidst high share price volatility. Shareholders have not faced significant dilution recently, offering some reassurance in this speculative investment space.

TSX:RTG Debt to Equity History and Analysis as at Jan 2025Rock Tech Lithium

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

Overview: Rock Tech Lithium Inc. is involved in the exploration and development of lithium properties, with a market cap of CA$107.22 million.

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

Market Cap: CA$107.22M

Rock Tech Lithium Inc., with a market cap of CA$107.22 million, is pre-revenue and focused on lithium exploration. The company has no debt and possesses short-term assets of CA$5.3 million, surpassing its liabilities, but only supports a three-month cash runway without additional funding. Recent private placements raised over CA$4.7 million, including government support from Canada’s Critical Minerals Infrastructure Fund, enhancing financial stability temporarily despite ongoing losses and shareholder dilution. Management is relatively inexperienced with an average tenure under one year; however, the board’s seasoned presence provides some strategic oversight in this speculative sector.

TSXV:RCK Financial Position Analysis as at Jan 2025Seize The Opportunity

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Seeking Other Investments?

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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 TSX:FSY TSX:RTG and TSXV:RCK.

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

Key Insights

Significant insider control over Bravo Mining implies vested interests in company growth
The top 2 shareholders own 58% of the company
Insiders have bought recently

If you want to know who really controls Bravo Mining Corp. (CVE:BRVO), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 53% to be precise, is individual insiders. Put another way, the group faces the maximum upside potential (or downside risk).

And looking at our data, we can see that insiders have bought shares recently. This might indicate that they expect share prices to rise in the near future.

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

Check out our latest analysis for Bravo Mining

TSXV:BRVO Ownership Breakdown December 30th 2024What Does The Institutional Ownership Tell Us About Bravo Mining?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

Bravo Mining already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Bravo Mining's earnings history below. Of course, the future is what really matters.

TSXV:BRVO Earnings and Revenue Growth December 30th 2024

Bravo Mining is not owned by hedge funds. The company's CEO Luis de Azevedo is the largest shareholder with 48% of shares outstanding. With 9.5% and 4.2% of the shares outstanding respectively, BlackRock, Inc. and Franklin Resources, Inc. are the second and third largest shareholders.

A more detailed study of the shareholder registry showed us that 2 of the top shareholders have a considerable amount of ownership in the company, via their 58% stake.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track.

Insider Ownership Of Bravo Mining

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

It seems that insiders own more than half the Bravo Mining Corp. stock. This gives them a lot of power. So they have a CA$97m stake in this CA$181m business. Most would be pleased to see the board is investing alongside them. You may wish todiscover (for free) if they have been buying or selling.

General Public Ownership

The general public, who are usually individual investors, hold a 33% stake in Bravo Mining. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Bravo Mining better, we need to consider many other factors. Be aware that Bravo Mining is showing 1 warning sign in our investment analysis , you should know about…

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

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

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

VANCOUVER, BC / ACCESSWIRE / December 23, 2024 / Commerce Resources Corp. (TSXv:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") announces a change to its Board of Directors.

Mr. Jody Dahrouge resigned as a Director of the Commerce Resources board, effective December 20, 2024. Mr. Dahrouge has been a Director since January 2000. The board and everyone involved with Commerce wish to express their gratitude to Mr. Dahrouge for his exceptional commitment and invaluable contributions during his tenure as a director.

Mr. Dahrouge played a pivotal role in the discovery of the Ashram Rare Earth and Fluorspar project and our recent Niobium exploration success. It was his team that discovered Ashram in 2008, and he has been instrumental in guiding the company's exploration and development programs.

"Jody has made an exceptional contribution both to the positioning of Commerce Resources and the development of the Ashram REE project based in Québec, Canada," said Ross Carroll, CEO of Commerce Resources. The Board of Directors would like to thank Jody for his contribution to the company and wish him well in his future endeavors.

ABOUT COMMERCE RESOURCES CORP.

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

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

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

On Behalf of the Board of Directors

COMMERCE RESOURCES CORP.

Ross CarrollCEO and PresidentPhone: 604.484.2700Email: rcarroll@commmerceresources.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; that Ashram's fluorspar component makes it one of the largest potential sources of fluorspar in the world; that the Ashram deposit 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: 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. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View the original press release on accesswire.com

Toronto, Ontario–(Newsfile Corp. – December 19, 2024) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), announces that, further to its press release of April 29, 2024, it intends to settle an aggregate of $800,000 of indebtedness 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").

The Company owes Mr. Gorden Glenn, the President and Chief Executive Officer of the Company an aggregate of $708,542 (the "Glenn Debt"). The Company and Mr. Glenn have agreed, subject to the receipt of shareholder approval and the approval of the TSX Venture Exchange (the "TSXV"), to allow for the conversion of the Glenn Debt into 14,170,835 Common Shares. In the event that the Glenn Debt is convert into Common Shares, Mr. Glenn's holdings, together with Mr. Glenn's current holdings, of Common Shares will be approximately 19,441,575 Common Shares, representing approximately 22.48% of the issued and outstanding Common Shares. The settlement of the Glenn Debt will result in the creation of a new "Control Person" (as such term is defined in the policies of the TSXV Corporate Finance Manual) and, is subject to shareholder approval pursuant to the policies of the TSXV.

The Debt Settlement remains subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSXV and disinterested shareholder approval which it will be seeking at its upcoming annual and special shareholder meeting being held on January 22, 2025.

All securities issued in connection with the Debt Settlement will be 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" as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as certain insiders of the Company will receive an aggregate of 14,299,999 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 securities of the Corporation are only listed on the TSXV. Completion of the Debt Settlement is subject to the minority approval requirement of MI 61-101 and will require the approval of shareholders, excluding any votes attached to the Common Shares held by Messrs. Glenn and Irwin (and any related parties of Messrs. Glenn and Irwin and any persons acting jointly or in concert with Messrs. Glenn and Irwin or related parties of Messrs. Glenn and Irwin)

The Debt Settlement was approved by the members of the board of directors of the Company who are independent for the purposes of the Debt Settlement, being all directors other than Mr. Gorden Glenn and Mr. Chris Irwin. No special committee was established in connection with the Debt Settlement, and no materially contrary view or abstention was expressed or made by any director of the Company in relation thereto.

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 Glenn President & 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

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/234562

PHILADELPHIA, Dec. 19, 2024 /PRNewswire/ —

FMC Corporation (NYSE: FMC) announced today it will release its fourth quarter 2024 earnings on Tuesday, February 4, 2025, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.

The company will host a webcast conference call on Tuesday, February 4, 2025, at 5:00 p.m. ET that is open to the public via internet broadcast and telephone. At this time, management will provide commentary on the results from the fourth quarter and full year 2024, guidance for the first quarter and full year 2025, as well as an update on the three-year outlook and the company's strategy. The call time has been extended to 90 minutes from the usual 60 minutes to accommodate the number of topics and Q&A adequately.

Conference Call Details:

Internet broadcast: https://investors.fmc.com

United States (Local): +1 404 975 4839United States (Toll-Free): +1 833 470 1428Global Dial-In Numbers: Global Dial-in NumberAccess Code: 338624

Pre-Registration Link: https://www.netroadshow.com/events/login?show=2f7e0221&confId=75596

A replay of the call will be available via the internet and telephone from 6:30 p.m. ET on February 4, 2025, until February 24, 2025.

Internet replay: https://investors.fmc.comUnited States (Local): 1 929 458 6194United States (Toll-Free): 1 866 813 9403Access Code: 793208

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. With approximately 5,800 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-announces-date-for-fourth-quarter-2024-earnings-release-and-webcast-conference-call-302336288.html

SOURCE FMC Corporation

Canada Carbon Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Toronto, ON, Canada, Dec. 17, 2024 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V : CCB) is pleased to announce the closing of a non-brokered private placement of: (i) 15,000,000 flow-through units (each, a “FT Unit”) at a price of $0.02 per FT Unit for aggregate gross proceeds of $300,000; and (ii) 12,500,000 flow-through shares in the capital of the Company (each, a “FT Share”) at a price of $0.02 per FT Share for aggregate gross proceeds of $250,000 (the “Offering”). Each FT Unit is comprised of one (1) FT Share and one (1) common share purchase warrant (each, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one (1) common share in the capital of the Company at a price of $0.07 per share for a period of 60 months from the date of issuance. The FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).

In connection with the Offering, the Company paid finders’ fees to certain finders, consisting of: (i) a cash fee equal to $44,000; and (ii) 2,200,000 common share purchase warrants (each, a “Finder’s Warrant”). Each Finder’s Warrant shall entitle the holder to acquire one common share at a price of $0.07 per share for a period of 60 months from the date of issuance.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

CANADA CARBON INC. “Ellerton Castor”

Chief Executive Officer and DirectorContact InformationE-mail inquiries: info@canadacarbon.comP: (905) 407-1212

FORWARD LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Offering and use of proceeds from the Offering. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

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.

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(Bloomberg) — Zimbabwe is planning to hold 26% of new mining projects on a free carry basis, and will also negotiate with existing operators to acquire a similar stake.

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Canada Carbon Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Toronto, ON, Canada, Dec. 10, 2024 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V : CCB) is pleased to announce a non-brokered private placement of up to 27,500,000 flow-through units (each, a “FT Unit”) at a price of $0.02 per FT Unit for aggregate gross proceeds of up to $550,000 (the “Offering”). Each FT Unit shall be comprised of one (1) flow-through share in the capital of the Company (each, a “FT Share”) and one (1) common share purchase warrant (each, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one (1) common share in the capital of the Company at a price of $0.07 per share for a period of 60 months from the date of issuance. The FT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada).

All securities issued pursuant to 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. The proceeds from the Offering will be used by the Company for eligible exploration expenditures. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

In connection with the Offering, the Company may pay a finder’s fee to eligible arm’s length parties. The finder’s fee may consist of a cash fee equal to up to 8% of the gross proceeds of the Offering and finder’s warrants (each, a “Finder’s Warrant”) equal to up to 8% of the FT Units issued pursuant to the Offering. Each Finder’s Warrant shall entitle the holder to acquire one (1) common share in the capital of the Company at a price of $0.07 per Common Share for a period of 60 months from the date of issuance.

CANADA CARBON INC. “Ellerton Castor”Chief Executive Officer and DirectorContact InformationE-mail inquiries: info@canadacarbon.comP: (905) 407-1212

FORWARD LOOKING STATEMENTS

62593204.1

FMC Corporation (NYSE:FMC), might not be a large cap stock, but it saw significant share price movement during recent months on the NYSE, rising to highs of US$66.62 and falling to the lows of US$54.39. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether FMC's current trading price of US$59.38 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at FMC’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

See our latest analysis for FMC

What's The Opportunity In FMC?

Great news for investors – FMC is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We’ve used the price-to-earnings ratio in this instance because there’s not enough visibility to forecast its cash flows. The stock’s ratio of 4.86x is currently well-below the industry average of 23.3x, meaning that it is trading at a cheaper price relative to its peers. Another thing to keep in mind is that FMC’s share price is quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its industry peers, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again.

What kind of growth will FMC generate?NYSE:FMC Earnings and Revenue Growth December 3rd 2024

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Though in the case of FMC, it is expected to deliver a highly negative earnings growth in the next few years, which doesn’t help build up its investment thesis. It appears that risk of future uncertainty is high, at least in the near term.

What This Means For You

Are you a shareholder? Although FMC is currently trading below the industry PE ratio, the negative profit outlook does bring on some uncertainty, which equates to higher risk. Consider whether you want to increase your portfolio exposure to FMC, or whether diversifying into another stock may be a better move for your total risk and return.

Are you a potential investor? If you’ve been keeping tabs on FMC for some time, but hesitant on making the leap, we recommend you research further into the stock. Given its current price multiple, now is a great time to make a decision. But keep in mind the risks that come with negative growth prospects in the future.

So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Case in point: We've spotted 3 warning signs for FMC you should be mindful of and 2 of these are a bit unpleasant.

If you are no longer interested in FMC, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

A little-known metal called Antimony rallied 300% this year, overtaking gold, silver, and even Bitcoin.

And there is something that the algorithm gods haven’t noticed.

You see, Western powers have embarked on a $100 billion spending spree to restock their armories.

Cruise missiles, artillery shells, javelins, bullets, and armored vehicles. They ALL contain antimony, and the worst news is that the U.S. doesn’t produce an ounce of it.

This huge price spike that followed China’s decision to cut antimony supply to the U.S. this summer was the final wake-up call, and under Trump, the U.S. will no longer stand idle.

Following the rally in gold earlier this year, gold miners are the first to pick up the slack as Western governments are backing billions of dollars in loans for the world’s most promising new sources of antimony supply.

Consider Australia’s Larvotto, which boasts the country’s largest antimony deposit and owns the Hillgrove gold-antimony project near Armidale, New South Wales. Year-to-date, the stock is up almost 600% since the start of 2024.

And it’s newcomers like Military Metals Corp. (CSE:MILI; OTCQB:MILIF) that could be the next big winners.

Reviving World-Class Antimony Properties

Military Metals has acquired two of the top ten Antimony projects in the world and is rapidly bringing onstream a new source of antimony supply.

One of their most significant acquisitions is the Trojarova project in Slovakia.

This historic antimony deposit, dating back to the Cold War, holds an estimated 60,998.4 tons of antimony – an in situ resource now valued at an astounding $2 billion.

Source: Military Metals Corp.

Discovered in the 1950s and explored further in the 80s and 90s, Trojarova's development was suddenly halted as the Cold War ended and antimony's strategic importance faded.

But the world has changed.

Geopolitical instability is the new normal, and with NATO countries spending tens of billions of dollars to re-stock their depleted arsenals, the demand for antimony is peaking.

Military Metals Corp. CEO Scott Eldridge believes the richest part of the deposit remains untouched.

For Slovakia, reviving Trojarova is a golden opportunity to become a key player in the European critical metals landscape. With tensions escalating with Russia and China, securing domestic antimony sources is crucial. Trojarova could be the solution, providing Slovakia with a strategic advantage and strengthening its position within the European Union.

Slovakia's existing mining infrastructure aligns perfectly with the EU's Critical Raw Materials Act. This opens doors for potential EU funding, including potential grants, further incentivizing Trojarova's development and positioning Military Metals Corp. as a vital partner in Europe's quest for critical mineral security.

But Military Metals (CSE:MILI; OTCQB:MILIF) isn’t concentrating all of its effects on a single continent: it’s also making huge moves back in North America, in Canada’s famous WWI antimony mine in Nova Scotia.

The redevelopment of the West Gore mine represents more than just a business venture; it’s a strategic initiative to bolster North America’s supply of antimony, a mineral deemed essential for national security.

The West Gore Antimony Project, recently acquired by Military Metals Corp., holds impressive historical resources, including drilling results of over 7 meters grading 10.6 g/t gold and 3.4% antimony. Building on this legacy, the company took another significant step on October 24, 2024, signing an LOI to acquire additional claims flanking West Gore to secure coverage over the entire mineralized system.

Is This The World’s Most Undervalued Antimony Pure-Play?

Military Metals Corp. is valued at only $12 million right now; but its new play in Slovakia is valued at $2 billion in situ of ore at today’s Antimony spot prices. And that’s only one of its new antimony acquisitions. When you add the potential of West Gore in Nova Scotia, valuations could get even more attractive.

This isn’t just speculation, the U.S. government has already started investing heavily in securing domestic sources of critical minerals, and is pushing to bring the production and refining of critical metals such as antimony back to North America. With billions of dollars being allocated to secure domestic mineral supplies, companies like Military Metals Corp. stand to gain substantial financial support.

Here are 5 reasons to keep an eye on Military Metals (CSE:MILI; OTCQB:MILIF)

Antimony prices have surged nearly 300% in 2024, rising from $11,000 per ton to over $40,000 per ton, with forecasts predicting $50,000+ per ton in 2025.

Rising Demand: The global push to replenish military stockpiles and advance green technologies is driving unprecedented demand for Antimony.

Military metals has aggressively acquired world-class antimony properties in Europe and North America, turning it into a potential key supplier to both NATO and North American defense industries.

Military Metals currently has a market cap of just $12 million, while it’s sitting on properties that could be worth more than $2 billion In situ at today’s Antimony prices.

Western governments are fast-tracking antimony mine developments and have been backing billion-dollar loans for similar mining projects.

Other resource companies to keep an eye on:

Piedmont Lithium (NASDAQ: PLL)

Piedmont Lithium is an American company working to become a major player in the electric vehicle battery industry. They're doing this by producing lithium hydroxide, a key ingredient in these batteries, right here in the US.

Why is this so important? Well, currently, the US relies heavily on imports for its lithium supply. This can be risky, as any disruptions to the global supply chain could affect the production of things like electric vehicles and even defense technologies like drones and communication systems. Piedmont Lithium wants to change that by providing a reliable, domestic source of lithium.

Their main operations are located in North Carolina, in an area known for its lithium deposits. What's really great about Piedmont Lithium is their commitment to doing things the right way. They are focused on responsible mining practices that are good for both the environment and the local community. This means they are working to minimize their impact on the environment and ensure their operations benefit the people in the area.

In short, Piedmont Lithium is working to strengthen the US battery industry, reduce reliance on foreign lithium, and do so in a way that is environmentally and socially responsible.

Lithium Americas (NYSE: LAC)

Lithium Americas is all about bringing more lithium production to the Americas. They're working on lithium projects in the United States, with a big focus on their Thacker Pass project in Nevada. This project has the potential to be a major source of lithium for North America, which is a big deal because lithium is essential for electric car batteries and renewable energy storage.

What makes Lithium Americas stand out is their commitment to doing things the right way. They're not just focused on digging up lithium; they're also focused on protecting the environment and working closely with local communities. They want to make sure their operations are sustainable and benefit everyone involved.

By producing lithium in North America, Lithium Americas is helping to create a more reliable and secure supply of this critical mineral. This is important because it reduces our dependence on lithium from other parts of the world and supports the growth of clean energy technologies.

Nucor (NYSE: NUE)

Nucor is a leading steel producer in the United States, and they're doing things differently. They're known for using a modern technology called electric arc furnaces, which allows them to create high-quality steel from recycled scrap metal. This not only makes them a leader in sustainable manufacturing but also reduces their environmental impact.

Nucor produces a wide variety of steel products used in many industries, from the cars we drive to the buildings we live and work in. This makes them a crucial player in the U.S. economy and ensures a reliable domestic supply of steel for essential infrastructure and defense needs.

One of the things that sets Nucor apart is its dedication to sustainability. By using recycled materials and innovative technology, they are minimizing their environmental footprint and contributing to a greener future. This commitment to responsible manufacturing makes them a valuable asset to both the economy and the environment.

Vale S.A. (NYSE: VALE)

Vale S.A. is a global mining giant and a major player in the production of iron ore and nickel. These materials are essential for a wide range of industries, from the cars we drive to the buildings we construct. In particular, nickel is crucial for high-performance applications, including those in the defense sector.

Vale's operations span the globe, with key sites in Brazil, Canada, and beyond. This makes them a vital part of the global supply chain for these important resources. By providing a reliable source of iron ore and nickel, Vale contributes to the manufacturing of critical equipment, infrastructure, and advanced technologies, including those used for national defense.

Beyond its size and production capacity, Vale stands out for its commitment to responsible mining. They are actively working to reduce their environmental impact, protect biodiversity, and support the communities where they operate. This dedication to sustainability ensures that the resources they provide are sourced ethically and with minimal environmental disruption, which is essential for the long-term health of our planet and industries that rely on their products.

Uranium Energy Corp (NYSE American: UEC)

Uranium Energy Corp is an American company focused on uranium mining. They operate primarily in Texas, Wyoming, and New Mexico, using a technique called in-situ recovery (ISR). This method is considered more environmentally friendly than traditional uranium mining, as it involves less disruption to the land.

Why is this company important? Well, they're playing a key role in reviving the uranium mining industry in the United States. For both energy and national security reasons, it's becoming increasingly important for the US to have its own source of uranium. Uranium Energy Corp is helping to make that happen in a way that is more sustainable and has less impact on the environment.

Another important aspect is that by producing uranium domestically, Uranium Energy Corp helps reduce reliance on foreign sources. This is crucial for national security because it ensures the US has a steady supply of uranium for its nuclear power needs and defense purposes, without having to rely on other countries.

Reliance Steel & Aluminum (NYSE: RS)

Reliance Steel & Aluminum is a major player in the metals industry. They don't just provide metal, they offer a whole range of services, from processing to distribution, making them a one-stop shop for businesses needing metal products. This is especially valuable for industries like aerospace and defense, where specialized metals are needed for things like aircraft and weapons systems.

With a vast network of service centers across North America, Reliance Steel & Aluminum ensures that its customers, including defense contractors, get the materials they need, when they need them. This reliability is crucial for keeping important defense projects on track and ensuring that the US military has the equipment it needs to operate effectively.

But Reliance Steel & Aluminum goes beyond just delivering metal. They also offer services that help their customers save time and money. They can cut, shape, and machine metal to exact specifications, which streamlines the manufacturing process for defense contractors and helps keep costs down.

By providing these essential services, Reliance Steel & Aluminum plays a critical role in supporting the US military and ensuring its readiness. They are a key partner in strengthening national security through their reliable supply chain and value-added services.

Compass Minerals International (NYSE: CMP) is a leading provider of essential minerals that touch various aspects of our daily lives. While they are well-known for their salt products, used to de-ice roads in winter and soften water in our homes, Compass Minerals plays a much broader role in various industries. Their magnesium chloride is used in dust control and agriculture, while their sulfate of potash serves as a valuable fertilizer ingredient. This diverse product portfolio highlights their commitment to providing essential resources for a variety of applications, contributing to infrastructure safety, agricultural productivity, and industrial processes.

What truly sets Compass Minerals apart is their forward-thinking approach to sustainability and innovation. Recognizing the growing importance of lithium in the transition to a cleaner energy future, they are strategically positioning themselves as a key player in the lithium market. Their focus on sustainable lithium extraction from brine resources, particularly at their Great Salt Lake facility in Utah, demonstrates their commitment to responsible sourcing and environmental stewardship. This initiative not only aligns with the increasing demand for electric vehicles and battery technology but also showcases their dedication to minimizing their environmental footprint while contributing to a more sustainable global economy.

Compass Minerals' commitment to sustainable practices extends beyond their lithium operations. They are actively engaged in reducing their environmental impact across all their operations by implementing water conservation measures, reducing greenhouse gas emissions, and promoting responsible land management.

By embracing innovation and investing in sustainable technologies, Compass Minerals is demonstrating its commitment to long-term growth and environmental responsibility. This approach ensures that they not only meet the current needs of various industries but also contribute to a more sustainable future for generations to come.

FMC Corporation (NYSE: FMC) is a global agricultural sciences company dedicated to helping farmers nourish the world. They develop and deliver innovative solutions to growers around the globe, focusing on crop protection, plant health, and professional pest and turf management. FMC's products and technologies help farmers increase yields, improve crop quality, and combat pests and diseases, ultimately contributing to a more sustainable and secure food supply.

While FMC may not be involved in traditional mining activities, they have a significant stake in the lithium market. Lithium is a critical component in rechargeable batteries, which are essential for electric vehicles, portable electronics, and renewable energy storage. FMC's lithium business, which they divested in 2018, played a crucial role in the development of the lithium industry. This history highlights their commitment to innovation and their involvement in key sectors driving technological advancements and sustainable solutions.

FMC's dedication to sustainability is evident in their agricultural practices. They are committed to developing products and technologies that minimize environmental impact while maximizing crop production. This includes a focus on integrated pest management solutions, which reduce reliance on traditional pesticides, and the development of biological products that promote plant health and soil fertility. By promoting sustainable agricultural practices, FMC is helping to address global food security challenges while minimizing the environmental footprint of agriculture.

By. Josh Owens

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication 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. The forward-looking statements in this publication are based on current expectations and assumptions about future events, geopolitical developments, trade policies, market conditions, the company’s strategic initiatives to address the critical shortage of antimony, and current expectations, estimates, and projections about the industry and markets in which the company operates. Factors that could change or prevent these statements from coming to fruition include, but are not limited to, the potential impact of the upcoming U.S. elections on various industries and specific companies, changes in government policies, market conditions, regulatory developments, geopolitical events and the company’s ability to successfully acquire and develop new antimony resources and fluctuations in antimony prices. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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ESTES PARK, CO / ACCESSWIRE / November 27, 2024 / Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) is providing an update on its Thor project located northeast of Trout Lake, British Columbia.

South and North Tusks

An Expert Geophysics MT and Magnetic survey completed in June of 2022 identified two major conductive features that collectively form an elliptical feature under the Thor epithermal deposit. Although these two features (South and North Tusks) are not exposed at surface, the South Tusk comes closest to surface in the Broadview Mine area where the top of the feature is found 500m below the surface. One of the objectives of the 2024 deep drilling program was to test this conductive feature owing to its large size, and the possibility that it could contain precious and base metals.

South Tusk Target

An initial drill hole (Thor-241) targeted on the South Tusk southeast of the Broadview Mine was lost at a depth of 105.5m, and a second drill hole was collared 60m uphill and was eventually drilled to a depth of 576m where it penetrated the top of the conductivity feature. Although not an objective of this drill hole, Thor-242 unexpectedly intersected a zinc-rich south continuation of the Broadview Mine:

From (m)	To (m)	Au (ppb)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)
54.89	56.00	< 5	59.4	0.04	2.26	1.77
56.00	57.00	< 5	0.6	0.01	0.02	0.79
57.00	58.00	< 5	3.4	0.07	0.03	2.08
58.00	58.89	150	5.6	0.05	0.02	5.87
58.89	59.62	45	62.0	0.57	1.90	13.60
Average over 4.73m
54.89	59.62	38	28.7	0.12	0.90	5.10

Two subsequent short holes (Thor-244,105m, -450) and Thor-245, 141m, -900) were drilled from the same drill pad as Thor-242 in an attempt to validate the intersection in Thor-242, but both failed to duplicate the results.

Discussion of Hole Thor-242

Thor-242 intersected a succession of intercalated metasedimentary and volcaniclastic rocks throughout the drill hole. At the bottom of the drill hole (516.05-576.00m), the succession changes over into a black schist metasedimentary unit that is characterized by ‘clasts' of pyrite up to 4 cm in size and white-colored altered fragments. This unit (like the metasediments and volcanics above it) has been subjected to intense folding and deformation. Three discrete rock units were quantitatively analyzed for Carbon (graphitic) and Calcite (CaCO3) systematically down the drill hole. Graphite is a conductive mineral and frequently is identified using geophysical methods that measure the conductivity/resistivity of the earth, and its presence particularly in the lower part of the Thor-242 explains the conductive South Tusk anomaly.

Type of Rock	Carbon (Graphite)	CaCO3 (Calcite)	SiO2
Metasediments (N=13)	3.55%	0.86%	57.3%
Volcaniclastics (N=11)	0.22%	1.93%	68.8%
Black Schist (Pyrite ‘Bombs') (N=5)	4.73%	0.07%	52.9%

Drill Hole Thor-242 did not contain appreciable amounts of quartz veining, and it did not contain elevated levels of precious or base metal mineralization in the lower parts of the drill hole in proximity to the South Tusk. Subsequent sampling of other drill holes east of Thor-242 for graphitic carbon in 2024 has shown that the formations under the epithermal deposit and east of the Ripper Fault are essentially devoid of graphitic carbon. The presence of such elevated levels of graphitic carbon in the South Tusk (and probably the North Tusk anomaly) are indicative of sedimentary rocks where organic matter has been converted into graphite by thermal metamorphism, and is a valuable alteration indicator that can be mapped using geophysical surveys that are able to identify elevated levels of conductivity. As such, the North and Sout Tusks are related to a large thermal alteration zone that underlies the Thor epithermal deposit.

About Taranis and Thor

Taranis Resources is a Canadian mineral exploration company. The Thor Project is in southeast British Columbia. Taranis has completed upwards of 250 drill holes, linking all previously known mines into a single, near-surface epithermal deposit that has been recently updated into an NI 43-101 Mineral Resource Estimate (see Taranis News Release dated April 11, 2024). In the summer of 2024, Taranis initiated deep drilling aimed at finding the source of the 2km long epithermal deposit. This exploration uses modern geological models and uses state-of-the-art exploration tools including airborne magnetotellurics, magnetics and geochemistry. The Company's approach is that many of the historic mines in the area are underlain by comparatively large mineral deposits that do not outcrop at surface, and have the potential to become much larger deposits that can be mined using modern mining methods.

Quality Control and Laboratory Methods

All samples for the Thor project were securely delivered to Actlabs in Kamloops, British Columbia. Analytical work was completed both at the Kamloops, and Ancaster, Ontario locations. Actlabs is ISO 17025 accredited. Taranis completed two types of geochemical analysis on the drill core.

The first of these was for major oxide geochemistry and quantitative graphite and carbonate determinations. This sampling was completed systematically on drill holes to determine alteration of rock units. Major oxides and trace elements were determined by lithium metaborate/tetraborate fusion and analysis by Inductively Coupled Plasma ("ICP"), Optical Emission Spectrometry ("OES") and Mass Spectrometry ("MS"). Graphite and Carbonate determinations were made using Infrared ("IR") Spectrometry.

Secondly, visibly (or potentially mineralized sections of core) were systematically sampled after sawing the core in half onsite. Samples were analyzed for 42 elements by 4-Acid Digestion / Inductively Coupled Plasma – Mass Spectrometry ("ICP-MS") and for gold by 30g Fire Assay / Atomic Absorption Spectrophotometry ("AAS")

Where overlimit values were encountered in the analysis of these samples, ‘ore-grade' determinations were made using subsequent ICP analysis and gravimetric methods. As a Quality Control ("QC") measure, Taranis also submitted analytical standards into the sample stream every tenth sample in addition to the laboratory's own quality control methods.

Qualified Person

Exploration activities at Thor were overseen by John Gardiner (P. Geo.), who is a Qualified Person under the meaning of Canadian National Instrument 43-101. John Gardiner is a principal of John J. Gardiner & Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner has reviewed and approved the comments contained within this News Release.

For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com

Taranis currently has 100,082,187 shares issued and outstanding (113,827,227 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geo.), President and CEO

For further information contact:

John J. Gardiner681 Conifer LaneEstes Park, Colorado 80517Phone: (303) 716-5922Cell: (720) 209-3049johnjgardiner@earthlink.net

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 NEWS RELEASE.

This News Release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from expected results.

SOURCE: Taranis Resources, Inc.

View the original press release on accesswire.com

Key Takeaways

SQM earnings per share in Q3 was 46 cents, far below the Zacks estimate of 64 cents
TSQM shares have lost 23.6% the past year compared with the Fertilizers industry decline of 13.1%.
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Sociedad Quimica y Minera de Chile S.A. SQM logged a profit of $131.4 million or 46 cents per share in third-quarter 2024. The figure marks a decline from a profit of $479.4 million or $1.68 per share registered in the year-ago quarter. Earnings per share also fell short of the Zacks Consensus Estimate of 64 cents per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.SQM generated revenues of $1,076.9 million in the quarter, down around 41% year over year. The figure missed the Zacks Consensus Estimate of $1,090.2 million. While SQM saw volume growth in almost all of its business lines, it faced headwinds from weaker year-over-year pricing in the quarter.

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

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

SQM’s Segment Highlights

Revenues from the Lithium and Derivatives segment fell around 61% year over year to $497.2 million in the reported quarter. Despite a roughly 18% increase in lithium sales volumes, the downside was caused by a sharp 67% reduction in average sales prices.The Specialty Plant Nutrients (SPN) segment generated revenues of $249.1 million, up around 12% year over year. This upside was driven by higher sales volumes, though it was partly tempered by lower average sales prices.The Iodine and Derivatives segment posted revenues of $233.5 million, up around 10% from the prior year’s levels, benefiting from higher sales volumes.Revenues from the Potassium business fell around 9% year over year to $68.2 million as higher sales volumes were more than offset by lower average sales prices.The Industrial Chemicals unit recorded sales of $18.6 million, down roughly 57% year over year. The downside was due to significantly lower sales volumes despite higher average sales prices.

SQM’s Financials

The company’s cash and cash equivalents were $1,565.4 million at the end of the quarter, up around 52% sequentially. Long-term debt was $3,784.4 million, up roughly 28% from the prior quarter.

SQM’s Outlook

SQM reaffirmed its lithium volume guidance, expecting between 190,000-195,000 thousand metric tons of product sold this year.For the SPN unit, the company expects its sales volumes to surpass its projected market growth of 17% for 2024. SQM sees its sales volumes grow around 20% year-over-year in 2024. The company also expects the average realized sales prices in the Iodine and Derivatives segment to be higher sequentially in the fourth quarter of 2024. It is seeing a strong demand growth in the iodine market mainly driven by X-ray contrast media and other industrial applications and expects the iodine market to grow roughly 7% year over year in 2024. SQM now expects its potassium sales volumes to reach 620,000 metric tons in 2024 factoring in the delay in the shipment of product rescheduled for 2025.

SQM Stock’s Price Performance

SQM’s shares have lost 23.6% over a year compared with the Zacks Fertilizers industry’s decline of 13.1%.

Zacks Investment Research

Image Source: Zacks Investment Research

SQM’s Zacks Rank & Other Basic Materials Releases

SQM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.DuPont de Nemours, Inc. DD logged adjusted earnings of $1.18 per share in the third quarter, topping the Zacks Consensus Estimate of $1.04. DD raised its full-year 2024 projections for operating EBITDA and adjusted earnings per share. The Chemours Company CC recorded adjusted earnings of 40 cents for the third quarter, topping the Zacks Consensus Estimate of 32 cents. CC expects consolidated net sales to decline in the mid to high-single digits sequentially in the fourth quarter. Consolidated adjusted EBITDA is forecast to be down in the high teens to low 20% range compared with third-quarter 2024 results. PPG Industries, Inc. PPG logged third-quarter adjusted earnings per share of $2.13, missing the Zacks Consensus Estimate of $2.15. PPG anticipates flat organic sales and adjusted earnings per share at the bottom end of the $8.15 to $8.30 range for full-year 2024.

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Zacks Investment Research

Specialty Plant Nutrition Volume Growth: More than 20% year-on-year increase.
Specialty Plant Nutrition Revenue Growth: Increased by more than 12% despite lower prices.
Lithium Sales Volume: Over 51,000 metric tonnes, an 18% growth year-on-year.
Lithium Average Realized Prices: 24% lower than the second quarter of this year.

Warning! GuruFocus has detected 7 Warning Sign with SQM.

Release Date: November 20, 2024

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

Positive Points

Sociedad Quimica Y Minera De Chile SA (NYSE:SQM) reported positive volume growth in almost all business lines compared to last year.
Specialty plant nutrition volumes increased by more than 20% year-on-year, boosting revenues by over 12%.
Iodine prices have shown a subtle but continued increase, with strong demand growth and limited supply potentially leading to further price rises.
The company posted its first revenue from Mount Holland and initiated its first spodumene concentrate bidding event, enhancing lithium market efficiency.
Lithium sales volumes grew by 18% year-on-year, demonstrating strong market demand despite price pressures.

Negative Points

Lithium prices continued a downward trend, with average realized prices 24% lower than the previous quarter.
The lithium market is experiencing temporary oversupply, pressuring prices despite strong demand growth.
There is a risk of negative profitability and start-up issues at the Kwinana refinery, similar to competitors’ experiences.
The company is under investigation by the SEC for potential violations of the Foreign Corruption Practices Act (FCPA).
SQM’s iodine demand growth is expected to moderate to 2.5% next year, with new supply potentially insufficient to meet demand.

Q & A Highlights

Q: Does SQM need to cut volume to support the lithium market given the current pricing trends? A: Felipe Smith, Commercial Vice President, SQM Salar, stated that SQM plans to maintain its sales volume target of 195,000 tonnes for the year and does not plan any curtailment. Instead, they aim to increase sales in line with production growth.

Q: What is the status of the Mount Holland project in Australia, and how does it impact SQM’s operations? A: Mark Fones, CEO of SQM International Lithium, explained that the Mount Holland project is ramping up, with expected production of 110,000 to 130,000 tonnes of spodumene concentrate this year. The Kwinana refinery is 91% complete, with commissioning underway, and first product expected by mid-2025. SQM remains flexible in selling either spodumene concentrate or lithium hydroxide.

Q: What is the outlook for the lithium market in 2025, and how does SQM view the market balance? A: Pablo Hernandez, Senior Director of Business Strategy and Development, noted that global lithium demand remains strong, driven by the EV market. They expect demand to grow by 16% to 18% annually over the next five years, with EV penetration increasing significantly. Supply is expected to grow in line with demand, though some projects may be disincentivized if prices remain low.

Q: Can you provide an update on the iodine market and expected new capacity? A: Juan Pablo Bellolio, Commercial Vice President of Iodine and Industrial Chemicals, stated that the iodine market is around 38,000 to 39,000 tonnes, with demand growing by 7% this year. New supply is expected in the second half of 2025 and 2026, but it may not meet demand growth, leading to strong prices.

Q: What is the status of the agreement with Codelco and the SEC investigation? A: Ricardo Ramos Rodriguez, CEO, mentioned that the agreement with Codelco is progressing as expected, with no specific issues to report. Gerardo Illanes, CFO, added that SQM is cooperating with an SEC inquiry related to potential FCPA violations, and the investigation is a nonpublic fact-finding inquiry with no conclusions reached yet.

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

This article first appeared on GuruFocus.

The single biggest threat to the U.S. military is war with China. A war that could start with Beijing blocking exports of one metal that is critical to the entire American military arsenal.

That metal is antimony (Sb), and it’s one of the top-performing commodities this year.

Which makes antimony miners in any Western-friendly country some of the hottest runners in the markets right now. And one company in particular has positioned itself to take advantage of supply shortages with a number of strategic acquisitions that could help reduce Noth America’s reliance on China and other non-friendly suppliers.

Antimony has already seen a 200% price increase this year, with publicly listed companies in the space seeing increases of more than 800%. And as more analysts wake up to the opportunity, there could be even larger gains in the near future.

China which currently controls nearly half of the total global output of this metal, and the lion’s share of its refined end-product has recently upset Washington by restricting antimony exports to the United States.

But one little-known miner could be set to tip the tides back in the West's favor.

Military Metals Corp. (CSE:MILI; OTCQB:MILIF) is a breakout player in the antimony space, that has a plan to bring new supply onstream with a string of antimony assets from central Europe all the way to North America. The company has been on a major acquisition binge, scooping up past-producing mines, initial discoveries and future opportunities from North America to Europe.

MILI's recent acquisitions are exactly what's needed to help keep Western defenses locked and loaded as Putin's nuclear saber rattling intensifies.

In Slovakia, Military Metals boasts two antimony projects, including one historically producing mine and one brownfield project with a large historical resource. In Canada, they are sitting on a historical antimony/gold play that serviced the needs of the Allies in WWI, the West Gore past-producing antimony project in Nova Scotia.

The Right Place at the Right Time

One of the companies that has already seen a large move is Perpetua Resources, who is finalizing a $1.86-billion government loan to develop their strategic resource including participation from the U.S. Department of Defense.

Perpetua is valued at around $700 million, with 90,000 tons of antimony.

By comparison, Military Metals recently announced that it has purchased one of Europe’s largest antimony deposits in Slovakia. The Slovakian Trojarovadeposit has 60,998 tons of antimony in a Historical Resource and is currently valued at $23 million, creating the opportunity for a potential run.

MMC

Source: Military Metals Corp.

"This definitive agreement strategically positions Military Metals as a leading explorer and developer of antimony," said CEO Scott Eldridge. "The Trojarova and Tienesgrund projects offer significant potential for rapid advancement, particularly given Slovakia's strong mining infrastructure and history. We see this as a perfect alignment with the European Union's Critical Raw Materials Act, opening the door to potential EU funding sources as we advance these projects toward production."

MMC

Figure 1 Military Metals Corp. (CSE:MILI; OTC:MILIF):

The above resource table shows the cut-off grade, tonnage, average grade and contained antimony in tonnes, with in situ value derived by multiplying the antimony tonnage (60,998) by the spot price ($38,700), for a in situ value of over ~$2 billion. The company’s next plan is to make Military Metals Historical Resource 43-101 compliant to westernized Standards. The table demonstrates this is a primary antimony project with a gold by-product, whereas most antimony production globally is a by-product of some gold mines.

But the acquisition spree has not stopped there …

On October 24, 2024, Military Metals (CSE:MILI; OTCQB:MILIF) signed a binding letter of intent to acquire further claims surrounding its West Gore Antimony Project in Nova Scotia. This was a strategic consolidation move. This past-producing brownfield project has historical drilling results showing over seven meters of 10.6 gpt gold and 3.4% antimony, with investors likely eyeing the fact that this was historically Canada’s biggest producing antimony mine at one time.

MMC

The move to consolidate territory surrounding West Gore—one of the biggest heroes of WWI—is a strategic move that could tie the junior mining company directly to North American defense at a time when prices are skyrocketing.

This is Commodity Warfare, and Antimony is the Latest Ammunition

In July 2023, China targeted rare earth metals Germanium and Gallium–both of which are used in semiconductors–restricting exports to the U.S. On December 1, 2023, China tightened graphite export controls, causing exports to plunge this year.

Now, it is targeting antimony, which is used in semiconductors, batteries, paints, flame-retardant materials, solar, and as an alloy to improve the strength of other metals. For the military, most urgently, it is used for everything for armor-piercing bullets and night vision goggles laser sighting, explosive formulations, nuclear weapons production, infrared sensors to military-grade electronics and a whole laundry list of other military needs.

What Beijing is now taking advantage of is the fact that it controls 48% of the antimony raw material and about 65% of the refining and processing. Yet, the United States gets over 60% of its antimony from China. On a technical level, the U.S. could refine its own antimony, but it does not have any mines, so it still relies on the supply of third-party raw material.

Even before China implemented antimony restrictions, supply-side troubles were brewing, making Beijing’s decision two-pronged: (1) a shot at the U.S. military-industrial complex; and (2) a failsafe to ensure domestic supply. Russia has also seen disruption to its antimony exports due to Western sanctions, which is a significant disruption when considering the country accounts for 24% of global supply (as of 2023).

“Given we are still at record prices, it’s likely that prices will go even higher with this announcement,” Exiger quoted Chetan Soni, an analyst at London-based consultancy CRU, as saying last month.

The U.S. military is vulnerable on the critical metals battlefield, and the company is hoping to fill some antimony gaps.

Military Metals (CSE:MILI; OTCQB:MILIF), is rushing the antimony playing field, moving at breakneck speed to acquire critical assets at the same time China is tightening the reins on the rarest components of its national defense machine.

In late September, European Defense Commissioner Andrius Kubilius called for a mandatory stockpiling of ammunition and other supplies in preparation for a Russian attack within a few years. That means Europe is much more likely to get its hands on antimony from China or elsewhere, particularly due to the new Chinese restrictions.

This confluence of events and Military Metals strategically timed acquisitions could turn Slovakia into a significant hub for European arms development and national defense, and Washington will likely be eyeing the company’s movements both across the Atlantic and closer to home in Nova Scotia, Canada.

Other companies to keep an eye on:

United States Steel (NYSE: X)

United States Steel is an integrated steel producer with major operations in the United States and Central Europe. As a major supplier of steel to various industries, including the automotive, appliance, construction, and energy sectors, U.S. Steel plays a vital role in supporting the overall health of the U.S. economy. A strong domestic steel industry is essential for maintaining a robust manufacturing base, which in turn contributes to national security by ensuring the ability to produce critical equipment and infrastructure in times of need.

U.S. Steel's production capacity and its focus on research and development are crucial for meeting the evolving demands of the defense industry. The company's ability to produce advanced high-strength steels and other specialized steel products is essential for the construction of modern military vehicles, ships, and infrastructure. By providing these critical materials, U.S. Steel contributes to the technological advancement and readiness of the U.S. military.

Moreover, U.S. Steel's commitment to investing in its workforce and communities is important for maintaining a skilled labor pool and supporting the domestic manufacturing base. By providing good-paying jobs and contributing to the economic well-being of communities, U.S. Steel helps to ensure the long-term viability of the U.S. steel industry and its ability to support national security needs.

SQM (NYSE: SQM)

SQM is a Chilean chemical company and one of the world's largest producers of lithium, a critical component in batteries used in electric vehicles, consumer electronics, and increasingly, military applications. From powering advanced communication systems to enabling the operation of unmanned vehicles and drones, lithium-ion batteries are essential to modern military operations. SQM's production capacity and access to vast lithium reserves in the Atacama Desert make it a strategically important player in the global lithium supply chain.

Securing a reliable and stable supply of lithium is crucial for countries like the United States that are heavily reliant on advanced technology for their defense capabilities. By sourcing lithium from SQM, nations can reduce their dependence on potentially unstable or adversarial nations for this critical material. This reduces supply chain vulnerabilities and ensures that defense industries have the necessary resources to produce the equipment and weapons systems required for national security.

Furthermore, SQM's commitment to sustainable lithium extraction practices aligns with the growing emphasis on responsible sourcing of critical minerals. As nations strive to reduce their environmental impact and promote ethical supply chains, SQM's efforts to minimize its footprint in the Atacama Desert become increasingly important. This ensures that the production of lithium for defense applications is conducted in a manner that is both environmentally responsible and socially conscious.

Vale S.A. (NYSE: VALE)

Vale S.A. is a Brazilian multinational corporation and one of the world's largest producers of iron ore and nickel. Iron ore is a key ingredient in steelmaking, while nickel is a crucial component in stainless steel and various alloys used in aerospace, defense, and other high-performance applications. Vale operates globally, with significant mining and production facilities in Brazil, Canada, and other countries.

This company is important because they are a major player in the global mining and metals industry, providing essential raw materials for various sectors, including the defense industry. Vale's production of iron ore and nickel contributes to the global supply of these critical minerals, which are essential for the manufacturing of military equipment, infrastructure, and advanced technologies.

Vale's commitment to sustainable mining practices and social responsibility is also noteworthy. The company has implemented various initiatives to reduce its environmental impact, promote biodiversity, and support local communities. This commitment is crucial for ensuring the responsible sourcing of critical minerals and minimizing the environmental footprint of mining operations, which is particularly important for national security and the long-term sustainability of the defense industrial base.

Piedmont Lithium (NASDAQ: PLL)

Piedmont Lithium is a development-stage company focused on establishing a fully integrated lithium hydroxide business in the United States. Their core operation centers around the Carolina Tin-Spodumene Belt in North Carolina, a region with a history of lithium production. Piedmont aims to be a key supplier of lithium hydroxide, a crucial component in electric vehicle batteries and energy storage systems, to the burgeoning U.S. market.

This company matters because they are addressing a critical need for domestically sourced lithium. The U.S. currently relies heavily on imports for its lithium supply, creating potential vulnerabilities in the supply chain. Piedmont's operations contribute to a more secure and resilient domestic supply of this essential mineral, which is vital for the production of advanced batteries used in defense applications such as electric vehicles, drones, and communication systems.

Furthermore, Piedmont Lithium's commitment to responsible mining and environmental sustainability aligns with the growing emphasis on ethical sourcing of critical minerals. By adhering to high environmental standards and engaging with local communities, Piedmont contributes to a more sustainable and socially responsible domestic lithium supply chain, which is crucial for ensuring that the production of lithium for defense applications is conducted in an ethical and environmentally conscious manner.

Leidos (NYSE: LDOS)

Leidos is a significant player in the national security arena, providing innovative solutions to the Department of Defense and intelligence agencies. The company's work in areas such as artificial intelligence, machine learning, and big data analytics is helping to transform the way these agencies operate and make critical decisions.

Leidos is also a leader in the civil market, providing a wide range of services to government agencies and commercial customers. The company's expertise in areas such as transportation, energy, and healthcare is helping to improve the lives of people around the world.

Leidos is a company with a strong commitment to its employees and the communities in which it operates. The company is also focused on sustainability and environmental stewardship. Leidos is a responsible corporate citizen and a valuable partner to its customers.

Kratos Defense & Security Solutions (NASDAQ: KTOS)

Kratos is a relatively small company compared to some of the other defense giants on this list. However, the company has a strong focus on innovation and is developing cutting-edge technologies that are disrupting the defense industry. Kratos is also committed to providing affordable solutions to its customers, which is a key differentiator in the market.

Kratos operates in a highly competitive market. The company faces competition from larger, more established defense contractors. Kratos must continue to innovate and develop new technologies to maintain its competitive edge.

Despite these challenges, Kratos is well-positioned for future growth. The company's focus on innovation, affordability, and customer service makes it a valuable partner to the U.S. government and its allies.

Uranium Energy Corp (NYSE American: UEC)

Uranium Energy Corp is a U.S.-based uranium mining and exploration company with a focus on in-situ recovery (ISR) mining projects in Texas, Wyoming, and New Mexico. ISR mining is a less invasive and more environmentally friendly method of uranium extraction compared to traditional open-pit mining. Uranium Energy Corp has a portfolio of permitted and development-stage ISR projects, positioning them to be a significant contributor to the U.S. uranium supply.

This company is important because they are contributing to the revitalization of the U.S. uranium mining industry. After a period of decline, the U.S. is increasingly recognizing the importance of securing a domestic supply of uranium for both energy security and national security purposes. Uranium Energy Corp's ISR projects offer a more sustainable and environmentally responsible approach to uranium mining, which is crucial for ensuring the long-term viability of the industry and minimizing the environmental impact of uranium production.

Furthermore, Uranium Energy Corp's focus on U.S. uranium production helps to reduce dependence on foreign sources of this strategically important material. This is crucial for national security, as it ensures that the U.S. has access to a reliable supply of uranium for its nuclear power plants and its nuclear deterrent, without being subject to the geopolitical dynamics or potential disruptions associated with relying on foreign suppliers.

Compass Minerals International (NYSE: CMP)

Compass Minerals International based in Overland Park, Kansas, is a leading provider of essential minerals, including salt, sulfate of potash, magnesium chloride, and even sustainable lithium. The company's diversified product mix serves a wide range of markets, including agriculture, consumer deicing, water conditioning, and various industrial applications.

Beyond its current offerings, Compass Minerals is investing in new technologies and methods to enhance the efficiency and environmental sustainability of its operations. The company's focus on innovation is particularly evident in its approach to lithium extraction, where it aims to capitalize on the growing demand in the electric vehicle market. This strategic direction not only diversifies their portfolio but also positions Compass Minerals as a key player in the transition to a more sustainable global economy.

Freeport-McMoRan Inc. (NYSE: FCX)

Freeport-McMoRan Inc. based in Phoenix, Arizona, is one of the world's leading mining companies, with significant reserves of copper, gold, and molybdenum. The company's sizeable asset base includes the Grasberg minerals district in Indonesia, one of the world's largest copper and gold deposits, and significant mining operations in the Americas. With copper being a critical material in renewable energy and electric vehicle technologies, Freeport-McMoRan stands to benefit from the global push towards greener economies.

Freeport-McMoRan is also actively involved in community engagement and environmental stewardship. The company has implemented various initiatives aimed at reducing its environmental footprint and promoting sustainable mining practices. These efforts include water management, biodiversity conservation, and emission reduction strategies. By focusing on responsible mining, Freeport-McMoRan is not only ensuring compliance with environmental standards but is also contributing to the broader goal of sustainable development in the regions it operates.

FMC Corporation (NYSE: FMC)

FMC Corporation based in Philadelphia, Pennsylvania, is a global agricultural sciences company that delivers innovative technology to growers around the world. While not a mining company in the traditional sense, FMC has a significant stake in lithium, a critical component in rechargeable batteries and other high-tech applications.

FMC's commitment to innovation and sustainability is noteworthy, and the company's agricultural products contribute to increased crop yield and quality, making it a significant player in addressing global food security issues. In recent years, FMC has benefited from robust demand for its crop protection products, driven by higher commodity prices and strong agricultural market fundamentals.

By. Michael Kern

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication 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. The forward-looking statements in this publication are based on current expectations and assumptions about future events, including, but not limited to, geopolitical developments, trade policies, and market conditions. Factors that could change or prevent these statements from coming to fruition include, but are not limited to, the potential impact of the upcoming U.S. elections on various industries and specific companies, changes in government policies, market conditions, and geopolitical events. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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Read this article on OilPrice.com

We recently compiled a list of the 8 Best Fertilizer Stocks To Buy Now. 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 fertilizer stocks.

An Overview of the Fertilizer Industry

The fertilizer industry is a crucial sector in agriculture that focuses on the production and distribution of substances that enhance plant growth. By supplying necessary nutrients, fertilizers help improve crop yields and quality, which are essential for feeding the growing global population.

The industry has evolved significantly over time, with modern practices relying heavily on chemically manufactured fertilizers to support large-scale farming and meet the global demand for food. According to Mordor Intelligence, the global fertilizer market is estimated to have reached a value of $381.7 billion in 2024. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 5.99% during 2024-2030 to reach $541.2 billion by the end of the forecast period.

There is a strong sense of optimism within the industry. The Fertilizer Institute’s 2023 Industry Trends Survey highlighted a positive outlook within the fertilizer sector, with many respondents expressing confidence in future growth. About 40% of those surveyed believe that market conditions have improved over the past five years, despite challenges like the COVID-19 pandemic and supply chain disruptions. Companies attribute their resilience to strategic practices such as precommitment purchases and careful planning. Nearly 80% of participants are optimistic about their businesses being equally or more profitable in the next five years.

The fertilizer industry is currently experiencing several key trends that are shaping its future. Advances in technology are transforming how fertilizers are produced and applied. Innovations such as precision agriculture, which uses data analytics and sensors, help farmers optimize fertilizer usage based on specific soil conditions and crop needs.

Additionally, there is a growing demand for fertilizers that offer more nutrients while reducing their environmental impact. The emphasis on maximizing the efficiency of fertilizer application to promote sustainable farming practices is increasing, which is driving the development of new and innovative solutions.

On August 13, CNBC reported that Windfall Bio, a California-based startup, is addressing methane emissions using "mems," or methane-eating microbes. These microbes naturally consume methane and convert it into fertilizer. This innovative approach helps reduce harmful methane from sources like agriculture, landfills, and oil production. Farmers can use the fertilizer produced, while companies generating waste methane can sell it back to Windfall, creating a new revenue stream.

These trends indicate a dynamic shift in the fertilizer industry, balancing the need for increased food production with environmental sustainability and innovation.

Methodology

To compile our list of the 8 best fertilizer stocks to buy now, we used the Finviz and Yahoo stock screeners to find the largest fertilizer companies. We also reviewed our own rankings and consulted various online resources to compile a list of the best fertilizer stocks.

We carefully verified our list to remove any companies that can not be classified as fertilizer stocks. From an initial pool of over 15 fertilizer stocks, we focused on the stocks that analysts believe possess the greatest potential for growth. Finally, we ranked the 8 best fertilizer stocks to buy now based on their average price target upside potential according to analysts, as of November 18, 2024.

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

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

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

Average Upside Potential According to Analysts: 34.23%

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is a Chilean company that offers a variety of products for different industries, including agriculture, health, nutrition, and renewable energy. The company is well-known for its fertilizers, particularly potassium nitrate and sodium nitrate, which are essential for enhancing crop yields. Sociedad Química y Minera de Chile S.A. (NYSE:SQM) also produces lithium and iodine.

In the first half of 2024, SQM reported revenues of $2.37 billion, a decrease from $4.31 billion in the same quarter last year. Despite this drop, the company experienced strong sales growth in its lithium, iodine, and fertilizer segments, with fertilizer demand increasing by over 20% compared to last year.

Although Sociedad Química y Minera de Chile S.A.’s (NYSE:SQM) performance in its recent quarter was less than ideal, it has demonstrated resilience with a compound annual growth rate of 10% in revenue over the past decade.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the best fertilizer stocks to buy now. Analysts are optimistic about SQM’s future. The 12-month median price target for the stock set by analysts indicates a potential upside of 34% from the current stock price.

With ongoing demand for both lithium and fertilizers expected to rise, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) presents a compelling investment opportunity.

Overall SQM ranks 2nd on our list of the best fertilizer stocks to buy. While we acknowledge the potential of SQM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. 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 the cheapest AI stock.

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

SANTIAGO CHILE, Chile (AP) — SANTIAGO CHILE, Chile (AP) — Sociedad Quimica y Minera de Chile SA (SQM) on Wednesday reported third-quarter earnings of $131.4 million.

On a per-share basis, the Santiago Chile, Chile-based company said it had net income of 46 cents.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The chemicals company posted revenue of $1.08 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.09 billion.

_____

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

Highlights

SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of US$6,155.9 million for the same period last year.

Net loss(1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income(2) of US$1,809.5 million or US$6.33 per share for the same period last year.

Solid sales volumes in lithium, iodine, and fertilizer businesses.

SPN and Potassium businesses posted healthy growth showing market recovery.

Slight increase in iodine prices, due to strong market demand and limited supply.

First lithium sales from the SQM International lithium division.

SQM will hold a conference call to discuss these results on Wednesday, November 20, 2024 at 10:00am ET (12:00pm Chile time).

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

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

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

SANTIAGO, Chile, Nov. 20, 2024 /PRNewswire/ — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net loss([1]),(2) for the nine months ended September 30, 2024, of (US$524.5) million or (US$1.84) per share, compared to US$1,809.5 million or US$6.33 per share reported for the same period last year.

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

Gross profit(3) reached US$1,033.3 million (29.9% of revenues) for the nine months ended September 30, 2024, lower than US$2,674.3 million (43.4% of revenues) recorded for the nine months ended September 30, 2023. Revenues totaled US$3,455.0 million for the nine months ended September 30, 2024, representing a decrease of 43.9% compared to US$6,155.9 million reported for the nine months ended September 30, 2023.

The Company also announced net income for the third quarter of 2024 of US$131.4 million or US$0.46 per share, a decrease of 72.6% compared to US$479.4 million or US$1.68 per share for the third quarter of 2023. Gross profit for the third quarter of 2024 reached US$280.8 million, 62.7% lower than the US$753.6 million reported for the third quarter of 2023. Revenues totaled US$1,076.9 million for the third quarter of 2024, a decrease of 41.5% compared to US$1,840.3 million for the third quarter of 2023.

SQM's Chief Executive Officer, Ricardo Ramos, stated, "We are publishing our third quarter 2024 financial results with positive volume growth in almost all of our business lines compared to last year. Fertilizer markets have shown solid market dynamics with a market size recovery. Our Specialty Plant Nutrition volumes grew more than 20% year-on-year while our revenues in this business line increased close to 12%."

He continued, "Iodine demand continued to be strong, leading to an increase in our sales volumes and revenues compared to last year. Prices continued to move up slightly quarter over quarter since the beginning of this year and we have used part of our inventories to answer market needs."

Mr. Ramos further stated, "In lithium, we reported sales volumes of more than 51 thousand metric tons of lithium products, an 18% growth year-on-year, demonstrating strong demand in the market. As anticipated, prices during the third quarter continued their downward trend, with average realized prices 24% lower than the second quarter this year. Although demand continues to grow at a strong pace, mainly driven by strong EV sales growth in China, we continue to see the prices pressured by an oversupply that persists despite the curtailment announcement we have seen over the past few weeks."

Mr. Ramos closed by saying, "Our more than 30-year track record in the lithium market has proved that we have a long-term view in this business. Despite current market prices, we strongly believe in the lithium market and its fundamentals which are highly related to the clean energy transition. SQM is in a strong competitive position and well prepared to continue developing our projects in Chile and abroad to harvest the benefits of this transition."

About SQM

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

For further information, contact:

Gerardo Illanes / gerardo.illanes@sqm.comIsabel Bendeck / isabel.bendeck@sqm.com

For media inquiries, contact:

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

Cautionary Note Regarding Forward-Looking Statements

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

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

1 Includes the net effect of accounting adjustments for the payments of the specific tax on mining activities for the exploitation of lithium for the nine months ended September 30, 2024, in a total amount of US$1.303,3 million. For more detail, please refer to Note (1) to this Earnings release.

Cision

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

We recently compiled a list of the 8 Best Fertilizer Stocks To Buy Now. In this article, we are going to take a look at where FMC Corporation (NYSE:FMC) stands against the other fertilizer stocks.

An Overview of the Fertilizer Industry

These trends indicate a dynamic shift in the fertilizer industry, balancing the need for increased food production with environmental sustainability and innovation.

Methodology

A laboratory technician carefully mixing chemicals in a laboratory.

FMC Corporation (NYSE:FMC)

Average Upside Potential According to Analysts: 26.74%

FMC Corporation (NYSE:FMC) is a prominent American agricultural sciences company that specializes in producing a variety of products, including herbicides, insecticides, and fungicides. The company also has a strong biological portfolio featuring biopesticides, biostimulants, biofertilizers, and pheromones.

The company is committed to innovation and has introduced several new products to the fertilizer and agriculture market. For instance, the Accudo biostimulant was first registered in South Korea as a bio-fertilizer for fruits and vegetables, improving root development and providing anti-fungal benefits. Another notable product is the Furagro Legend biofertilizer, which contains organic potash and is designed to enhance gene activation and expression and overall crop quality.

In the third quarter of 2024, FMC Corporation (NYSE:FMC) reported revenues of $1.07 billion, a 9% increase from Q3 2023. The company turned around from a net loss of $4 million in Q3 2023 to a net income of $66 million in the third quarter of 2024. This growth was driven by higher sales and cost reductions from restructuring efforts. New products like the fluindapyr-based fungicide also contributed significantly to this positive performance.

Analysts also have a positive outlook on FMC. The 12-month median price target set by analysts indicates a potential increase of 26% from the stock’s current price.

With strong revenue growth and effective cost management strategies, FMC Corporation (NYSE:FMC) presents an attractive investment opportunity.

Overall FMC ranks 4th on our list of the best fertilizer stocks to buy. While we acknowledge the potential of FMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FMC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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

Canada Carbon Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Toronto, ON, Canada, Nov. 19, 2024 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V: CCB) is pleased to announce the closing of the first tranche of a non-brokered private placement of 7,333,333 units (each, a “Unit”) at a price of $0.015 per Unit for aggregate gross proceeds of $110,000 (the “Offering”). Each Unit is comprised of one (1) common share (each, a “Share”) in the capital of the Company and one (1) common share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at a price of $0.06 per share for a period of 60 months from the closing of the Offering.

All securities issued pursuant to 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 proceeds of the Offering will be used by the Company for general working capital purposes.

Ellerton Castor, Chief Executive Officer of the Company, purchased 666,666 Units pursuant to the Offering. The insider private placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to Mr. Castor does not exceed 25% of its market capitalization.

CANADA CARBON INC.

“Ellerton Castor”Chief Executive Officer and DirectorContact InformationE-mail inquiries: info@canadacarbon.comP: (905) 407-1212

FORWARD LOOKING STATEMENTS

TORONTO, Nov. 14, 2024 (GLOBE NEWSWIRE) — McChip Resources Inc. (“McChip” or the “Company”) (TSX-V:MCS) announces that, on November 13, 2024 it acquired units consisting of 227,273 flow-through shares and 227,273 flow-through warrants resulting in McChip’s collective holdings of 14,046,000 shares and 660,606 warrants in the capital of Taranis Resources Inc. (the “Reporting Issuer”), a TSX-V listed company. These warrants entitle McChip to purchase flow-through shares of the Reporting Issuer as follows:

(a) 227,273 warrants are exercisable at $0.50 per share until November 13, 2026,

Immediately prior to the acquisition, McChip owned 13,818,727 Shares representing approximately 14.26% of the then issued and outstanding Shares. The recent acquisition increases McChip’s position in the Shares of the Reporting Issuer by 660,606 Shares to 14,046,000 Shares or approximately 14.26% of the current issued and outstanding Shares of the Reporting Issuer.

The securities were acquired by means of a private placement. McChip has acquired the shares for investment purposes, and may acquire further Shares, or dispose of its holding of the Shares, both as investment conditions warrant. The reporting issuer is listed on the TSX Venture Exchange under the symbol “TRO”.

About McChip McChip has had continual business operations since 1935. Prior to a name change in 1981 the company operated as Madsen Red Lake Gold Mines Limited. The company is listed on the TSX Venture Exchange , trades under the symbol MCS and has 5,710,096 common shares issued and outstanding.

For further information contact:

Edward G. Dumond Corporate Secretary McChip Resources Inc. 289 231 4765

Neither the TSX 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 news release.

Certain statements in this news release constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information contained in forward-looking statements can be identified by the use of words such as “are expected”, “is forecast”, “is targeted”, “approximately”, “plans”, “anticipates”, “projects”, “continue”, “estimate”, “believe” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. This news release contains forward-looking information regarding: (i) the expectations relating to whether a transaction will be consummated, including, without limitation, whether conditions to the consummation of the transaction will be satisfied, or the timing for completing the transaction; and (ii) expectations for the effects of the transaction or the ability of the Company to successfully achieve business objectives, including the effects of unexpected costs, liabilities or delays, and if the transaction is completed, the ability of the Company to allocate the net proceeds as stated above. Forward-looking information involves a number of known and unknown risks and uncertainties, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company, including, without limitation, the risks that the transaction as described in the Agreement may not be completed and the parties may be unable to realize on the anticipated benefits of the transaction. Accordingly, readers should not place undue reliance on forward-looking information.

For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent management's discussion and analysis, as well as other public disclosure documents that can be accessed under the issuer profile of “McChip Resources Inc.” on SEDAR at www.sedar.com. The forward-looking information set forth herein reflects the Company’s reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Highlights

Locked-cycle testing of the Ashram Deposit's flotation-only flowsheet has resulted in high-grade rare earth mineral concentrate at strong recovery.
- 36 to 37% REO1 at overall recoveries of 65 to 68%.
Mineral concentrate grades compare favourably to historical and current hard rock global rare earth producers, of which 30% REO is the typical lowest grade concentrate produced.
Results will be incorporated into a pending Preliminary Economic Assessment on the Ashram Rare Earth and Fluorspar Deposit on schedule for Q2-2025.
Variability testing and pilot plant testing scheduled for the first half of 2025 as next steps.
Fluorite recovery from rare earth flotation tailings to be evaluated.

Ross Carroll, Director and CEO of the Company comments: "The results of the locked-cycle tests confirm the robustness of the simplified, flotation-only, continuous recovery process for the Ashram Deposit. The strong recoveries will ensure we maximize returns from the high-value in-situ mineralization, and the high-grade mineral concentrate produced will reduce the scale of the downstream processing resulting in lower capital and operating expense. We are thrilled with these outcomes and are grateful for the innovative attention to maximizing the potential of one of the world's largest rare earth resources by the technical team, many of whom have remained engaged with advancing the Project since its discovery over a decade ago."

Rare Earth Oxide ("REO") includes the sum of the lanthanides plus yttrium.

VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce that it has successfully completed flotation locked-cycle testing on whole rock material from the Ashram Rare Earth and Fluorspar Deposit (the "Ashram Deposit"). The Ashram Deposit is located central to the Eldor Property, is unencumbered (royalty free), is wholly owned by the Company, and one of the largest undeveloped rare earth deposits in the world.

The locked-cycle test ("LCT") program was completed on the Ashram Deposit's simplified flotation-only beneficiation flowsheet (see news release dated March 4, 2024) and has demonstrated improved grade and recovery compared to the prior bench-scale test program. Monazite dominate rare earth mineral concentrates grading 35.8 to 36.8% REO at 65 to 68% overall recovery were achieved through the LCT test work on the flotation-only beneficiation flowsheet. The locked-cycle test was carried out by SGS Canada at their Lakefield, ON, facility and utilized bulk sample material (~2.1% REO head grade) collected from an outcrop of the Ashram Deposit.

A locked-cycle test is an iterative laboratory-scale batch flotation test which recycles the tailings material between flotation stages to best simulate a continuous closed-circuit operating process plant. The test evaluates the influence of re-circulation on flotation recovery and is a laboratory test which provides more relevant data of anticipated commercial operation performance compared to a bench-scale test. The locked-cycle test also provides insight on potential buildup of reagents within a circuit and optimizes reagent dose rates. The locked-cycle test on Ashram whole rock was performed with nine (9) cycles using 1 kg of feed material stage-ground to 80% passing 25 μm (Figure 1, Figure 2, and Figure 3).

The LCT results (i.e., the high-grades of rare earth mineral concentrate) will be incorporated into a pending updated Preliminary Economic Assessment ("PEA") on the Ashram Rare Earth and Fluorspar Deposit, which remains on schedule for Q2-2025. The historical PEA completed in 2012 was based on a rare earth mineral concentrate grade of only 10% REO. Therefore, the simplified flotation-only flowsheet with more than triple the mineral concentrate grade is anticipated to have a significant positive impact on the pending PEA update.

A higher-grade mineral concentrate has the benefit of resulting in a smaller downstream hydromet plant size, smaller footprint, reduced reagent consumption, reduced shipping requirements, simpler logistics, and reduced overall technical and project risk. Further, Ashram's flotation-only mineral processing flowsheet will permit an operator to leverage the size of the deposit and optimize mining for effective recovery into a high-grade monazite dominant concentrate in order to significantly simplify and thereby reduce Project mineral processing and downstream hydromet capital and operating expenditures.

Variability testing and pilot plant testing is scheduled for the first half of 2025 as next steps. Additionally, following the positive LCT results, which further confirm the robustness of the flotation-only beneficiation flowsheet, the Company has initiated a program to evaluate fluorite recovery from the rare earth mineral concentrate tailings. Fluorspar (or fluorine) is recognized as a critical/strategic mineral by Canada, Europe, Japan, and the United States, and is also a key input into lithium-ion batteries.

Figure 1: The flotation locked-cycle test flowsheet. Each cycle consisted of a rougher flotation stage, three (3) cleaner flotation stages, and a 1st cleaner-scavenger stage. The three streams shown in red were recirculated from one cycle to the next (e.g. the 3rd cleaner concentrate from cycle A was fed to the 2nd cleaner of Cycle B).

Figure 2: Flotation of Ashram whole rock sample material in a 2-litre Denver cell.

Figure 3: Combined final locked-cycle test high-grade (>35% REO) rare earth flotation mineral concentrate

NI 43-101 Disclosure

Jordan Zampini, P.Eng., Process Manager – Montreal for DRA Americas Inc., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information, and verified the data, contained in this news release.

About The Ashram Deposit

The Ashram Deposit ranks as one of the largest REE deposits globally, consisting of a monazite-dominated, single mineralized body outcropping at surface, and has a footprint approximately 700 m along strike, over 300 m across, and 600 m deep, remaining open in several directions. Therefore, the deposit is envisioned to be an open-pit extraction operation at production, with a very low strip ratio. Coupled with a monazite rare earth mineralogy and strong NdPr distributions (>20%), these attributes allow for flexibility in flowsheet design, whereby a 60+% overall recovery of the NdPr into saleable product is significant.

About Commerce Resources Corp.

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

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

On Behalf of the Board of DirectorsCOMMERCE RESOURCES CORP.

"Ross Carroll"

Ross CarrollPresident and DirectorTel: 604-484-2700Email: rcarroll@commerceresources.comWeb: http://www.commerceresources.com

Forward-Looking Statements

This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward-looking statements in this news release include that the results of the locked-cycle testing will be incorporated into a pending Preliminary Economic Assessment on the Ashram Project scheduled for Q2 of 2025; that variability testing and pilot plant testing is scheduled for the first half of 2025; that the Ashram Deposit is envisioned to be an open-pit extraction operation; ; that Ashram has the potential to become one of the largest fluorspar deposit and a long-term supplier to the met-spar and acid-spar markets; that the Company is positioning to be one of the lowest cost rare earth element producers globally; and that the Company is exploring the potential of other high-value commodities on the Ashram Deposit such as niobium and phosphate minerals. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these events, activities or developments from coming to fruition include: that we may not be able to fully finance any additional exploration on the Ashram Deposit; that even if we are able raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; 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 Deposit may not all yield positive results, such as the possibility that future metallurgical variability testing is not guaranteed to confirm that the entirety of the deposit responds as has been demonstrated on the sample reported in this news release, and even if such tests are successful or initial sample results are positive, the economic and other outcomes 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 Deposit, conditions changing such that even if metals or minerals are discovered on the Ashram Deposit, the project may not be commercially viable; The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

SOURCE: Commerce Resources Corp.

View the original press release on accesswire.com

ESTES PARK, CO / ACCESSWIRE / November 14, 2024 / Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) announces that it has closed the private placement announced on October 29, 2024 which consisted of the sale of 454,546 flow-through units (the "FT Units") at a price of $0.55 per FT Unit for gross proceeds of $250,000. Each FT Unit consisted of one flow-through common share and one share purchase warrant (each a "Warrant"), with each Warrant entitling the holder to purchase one additional common share at a price of $0.50 until November 13, 2026. All of the securities issued pursuant to this private placement, including any shares that may be issued pursuant to the exercises of the Warrants, are subject to a hold period in Canada until March 14, 2025.

Insiders subscribed for all of the FT Units. The participation of insiders in the private placement constituted a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 – "Protection of Minority Security Holders in Special Transactions" ("MI 61-101"). Taranis relied on exemptions from the formal valuation and minority shareholder approval requirements provided for under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the private placement did not exceed 25% of Taranis's market capitalization.

About Taranis and Thor

Taranis Resources Inc. is a Canadian mineral exploration company. The Thor Project is in southeast British Columbia. Taranis has completed upwards of 250 drill holes, linking all previously known mines into a single, near-surface epithermal deposit that has been recently updated into an NI 43-101 Mineral Resource Estimate (see Taranis News Release dated April 11, 2024). In the summer of 2024, Taranis initiated deep drilling aimed at finding the source of the 2km long epithermal deposit. This exploration uses modern geological models and state-of-the-art exploration tools including airborne magnetotellurics, magnetics and drill hole alteration geochemistry. The Company's exploration approach in the Silver Cup Mining District is that historic mines in the area are potentially underlain by comparatively large mineral deposits that do not outcrop at surface.

Qualified Person

For additional information on Taranis or its 100%-owned Thor project in British Columbia, visit www.taranisresources.com

Taranis currently has 100,082,187 shares issued and outstanding (113,827,227 shares on a fully-diluted basis).

TARANIS RESOURCES INC.

Per: John J. Gardiner (P. Geo.), President and CEO

For further information contact:

John J. Gardiner681 Conifer LaneEstes Park, Colorado 80517Phone: (303) 716-5922 Cell: (720) 209-3049johnjgardiner@earthlink.net

SOURCE: Taranis Resources, Inc.

View the original press release on accesswire.com

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

Revenue: US$11.0m (down 50% from 3Q 2023).
Net loss: US$3.39m (down by 209% from US$3.13m profit in 3Q 2023).
US$0.017 loss per share (down from US$0.015 profit in 3Q 2023).

TSX:ELR Earnings and Revenue History November 9th 2024

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

Eastern Platinum shares are down 10% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Eastern Platinum you should be aware of.

VANCOUVER, BC, Nov. 8, 2024 /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 and nine months ended September 30, 2024 and the corresponding management's discussion and analysis ("MD&A"). Below is a summary of the Company's financial results for the third quarter of 2024 ("Q3 2024") and for the nine months ended September 30, 2024 ("YTD 2024") in comparison to the same respective period in in 2023 ("Q3 2023" and "YTD 2023") (all amounts in USD unless specified):

Revenue for Q3 2024 decreased to $11.0 million (Q3 2023 – $21.8 million), representing a $10.8 million or 49.5% decrease. Revenue for YTD 2024 decreased to $45.5 million (YTD 2023 – $76.5 million), representing a $31.0 million or 40.5% decrease.
Mine operating income decreased by $8.0 million (or -114.3%) to a mine operating loss of $1.0 million in Q3 2024 (Q3 2023 – mine operating income of $7.0 million) as gross margin declined to -9.4% in Q3 2024 from 32.1% in Q3 2023. Mine operating income in YTD 2024 decreased by $15.1 million (or -63.4%) to $8.7 million (YTD 2023 – $23.8 million), resulting from a reduced gross margin of 19.1% in YTD 2024 from 31.1% in YTD 2023.
Eastplats incurred an operating loss of $5.7 million in Q3 2024 compared to operating income of $3.6 million in Q3 2023. Operating loss was $4.1 million in YTD 2024 compared to operating income of $15.8 million in YTD 2023.
Net loss attributable to equity shareholders was $3.4 million ($0.02 loss per share) in Q3 2024 versus net income attributable to equity shareholders of $3.1 million ($0.02 earnings per share) in Q3 2023. The decrease in Q3 2024 net income was largely attributable to lower chrome sales in the quarter offset by a decrease in finance costs and a foreign exchange gain in the period due to the strengthening of the South African Rand.
Net loss attributable to equity shareholders was $0.8 million ($0.00 loss per share) in YTD 2024 compared to net income attributable to equity shareholders of $10.4 million ($0.06 earnings per share) in YTD 2023. The decrease of YTD 2024 net income was mainly attributable to lower gross margins earned on year-to-date chrome sales offset by a decrease in finance costs and a foreign exchange gain in the period due to the strengthening of the South Africa Rand.

The Company had a working capital deficit (current assets less current liabilities) of $26.6 million as at September 30, 2024 (December 31, 2023 – working capital deficit of $15.5 million) and short-term cash resources of $8.5 million (consisting of cash, cash equivalents and short-term investments) (December 31, 2023 – $21.3 million).

Wanjin Yang, Chief Executive Officer and President of Eastplats commented, "We continue to ramp up tonnages at the Zandfontein underground section at the Crocodile River Mine to produce high grade PGM and metallurgical chrome concentrate. As we approach the end of 2024 and plan for 2025, we are focussed on improving recoveries and operating efficiently."

Operations

The Company derived revenue from the processing of PGM and chrome concentrates at the Crocodile River Mine ("CRM"). Eastplats' majority of revenue (approximately 84% and 92% for Q3 2024 and YTD 2024, respectively) is from chrome concentrate sales.

Retreatment Project – Chrome recovery

Summary of chrome production for the three and nine months ended September 30, 2024 and 2023:

	Q3 2024	Q3 2023	YTD 2024	YTD 2023
Total Tailings Feed (Tons)	294,246	519,914	961,412	1,766,928
Average grade Cr concentrate	38.1 %	38.6 %	38.4 %	38.7 %
Tons of Cr concentrate	45,988	102,898	198,175	377,110

The Company continues the tailings storage facility ("TSF") wall building program, utilizing waste rock and paddocking, to raise the wall to facilitate continued depositing of reprocessed tailings. The reprocessing of the original CRM tailings (the "Retreatment Project") is expected to be completed by early 2025.

PGM Circuits

Summary of PGM production from processing historic tailings resource through the PGM circuits for the three and nine months ended September 30, 2024 and 2023:

	Q3 2024	Q3 2023	YTD 2024	YTD 2023
Tons of PGM concentrate	223	854	1,976	2,969
PGM ounces produced (6E)*	273	1,187	2,827	5,294

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

Year-over-year production decreased between Q3 2023 and Q3 2024 due to operational challenges in the current period, as lower grade sections of the TSF, containing vegetation and other impediments, were being processed.

Underground Operations

In Q3 2024, while commissioning of the processing plant continued, the Company began processing run-of-mine ("ROM") UG2 ore produced from the Zandfontein underground section at the CRM. A total of 75,000 tons of ROM ore was blasted up to October 1, 2024, with approximately 22,000 tons of the ROM ore processed in September.

Summary of PGM and chrome production from underground operations for the three and nine months ended September 30, 2024:

	Q3 2024	YTD 2024
Tons of chrome concentrate	4,354	4,354
Tons of PGM concentrate	242	242
PGM ounces produced (6E)*	1,211	1,211

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

Prior Period Restatement of Comparatives

Certain 2023 comparative numbers in the condensed interim consolidated financial statements and corresponding MD&A have been restated to show the impact of an error that was identified and reported during the 2023 year end process, as discussed below.

As discussed in the previous news release of May 3, 2024, in connection with the preparation of the Company's consolidated financial statements for the year ended December 31, 2023, an error was identified in the recognition of revenue related to a chrome concentrate sales transaction in the fourth quarter of 2022 which impacted the Company's previously filed audited consolidated financial statements for the year ended December 31, 2022 and its unaudited condensed interim consolidated financial statements up to and including the three and nine months ended September 30, 2023.

A sales transaction that was included in deferred revenue at the end of 2022 and recognized as revenue in the first quarter of 2023 should have been recognized in the fourth quarter of 2022 based on the fact that the Company had met all of its required performance obligations at the time, as supported by the underlying contract and bill of lading. Previously reported revenue for the first quarter of 2023 was overstated by $4.0 million, with associated adjustments in production costs, accumulated other comprehensive loss and deficit. These adjustments carried forward into the year-to-date figures reported as comparatives in the Company's quarterly financial statements.

The following table presents the effects of the restatement on the individual line items within the Company's unaudited Condensed Interim Consolidated Statement of Income, Condensed Interim Statement of Comprehensive Income, Condensed Interim Statement of Financial Position and Condensed Interim Consolidated Statements of Cash Flow, expressed in thousands of U.S. dollars, except for per share amounts.

	Nine months ended September 30, 2023
	As previously reported	Adjustment	As restated
	$	$	$
Revenue	80,501	(4,021)	76,480
Production costs	(50,197)	2,324	(47,873)
Mine operating income	25,490	(1,697)	23,793
Operating income	17,474	(1,697)	15,777
Net income for the period	12,125	(1,697)	10,428
Net income attributable to equity shareholders of the Company	12,134	(1,697)	10,437
Earnings per share, basic and diluted	0.07	(0.01)	0.06
Comprehensive income for the period	3,890	(1,766)	2,124

	As at September 30, 2023
	As previously reported	Adjustment	As restated
	$	$	$
Accumulated other comprehensive loss	(326,032)	(13)	(326,045)
Deficit	(840,110)	13	(840,097)

	Nine months ended September 30, 2023
	As previously reported	Adjustment	As restated
	$	$	$
Net changes in non-cash working capital items
Inventories	2,092	(2,324)	(232)
Deferred revenue	(4,677)	4,021	(656)

The Company's audited consolidated financial statements for the year ended December 31, 2023 reflected these changes. The unaudited interim consolidated financial statements and related financial information for the affected period contained in the Company's unaudited interim filings prior to August 12, 2024 should no longer be relied upon.

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

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 and nine months ended September 30, 2024; and
Management's discussion and analysis for the three and nine months ended September 30, 2024.

The condensed interim consolidated financial statements for the three and nine months ended September 30, 2024 are available for download at https://www.eastplats.com/investors/quarterly-reports/F2024/ and are also available on the JSE's website at:

https://senspdf.jse.co.za/documents/2024/JSE/ISSE/EPS/Q324.pdf.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of platinum group metals ("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 re-mining and processing its tailings resource from the Barplats Zandfontein tailings dam and mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates.

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: completion of the original CRM tailings and improvement of PGM and chrome recoveries and operations. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

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

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

SOURCE Eastern Platinum Ltd.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/08/c4232.html

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think Zimplats Holdings (ASX:ZIM) has the makings of a multi-bagger going forward, but let's have a look at why that may be.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. To calculate this metric for Zimplats Holdings, this is the formula:

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

0.033 = US$75m ÷ (US$2.5b – US$245m) (Based on the trailing twelve months to June 2024).

Therefore, Zimplats Holdings has an ROCE of 3.3%. Ultimately, that's a low return and it under-performs the Metals and Mining industry average of 10%.

See our latest analysis for Zimplats Holdings

ASX:ZIM Return on Capital Employed November 8th 2024

Historical performance is a great place to start when researching a stock so above you can see the gauge for Zimplats Holdings' ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Zimplats Holdings.

The Trend Of ROCE

On the surface, the trend of ROCE at Zimplats Holdings doesn't inspire confidence. Over the last five years, returns on capital have decreased to 3.3% from 13% five years ago. And considering revenue has dropped while employing more capital, we'd be cautious. If this were to continue, you might be looking at a company that is trying to reinvest for growth but is actually losing market share since sales haven't increased.

The Bottom Line On Zimplats Holdings' ROCE

From the above analysis, we find it rather worrisome that returns on capital and sales for Zimplats Holdings have fallen, meanwhile the business is employing more capital than it was five years ago. Yet despite these concerning fundamentals, the stock has performed strongly with a 99% return over the last five years, so investors appear very optimistic. Regardless, we don't feel too comfortable with the fundamentals so we'd be steering clear of this stock for now.

On a final note, we found 2 warning signs for Zimplats Holdings (1 is potentially serious) you should be aware of.

If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity.

Toronto, Ontario–(Newsfile Corp. – November 8, 2024) – CEO.CA Technologies Ltd. ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.

Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally – with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.

Meet the Executives Shaping the Junior Landscape

'Inside the Boardroom' is more than just an interview series – it's a chance to gain firsthand knowledge from industry leaders, understanding their vision, challenges, and strategy.

This week, CEO.CA had the opportunity to sit down with Michael Rowley, President & CEO of Stillwater Critical Minerals to discuss their latest results at Stillwater West.Stillwater Critical Minerals(TSXV: PGE) (OTCQB: PGEZF)

Cannot view this video? Visit:https://www.youtube.com/watch?v=VeDmgLt1DpQ

Tune in to 'Inside the Boardroom' each week and be part of the conversation that's shaping the business landscape. Visit CEO.CA or our YouTube page for hundreds more executive interviews from CEO.CA here.

Interested in showcasing your company on 'Inside the Boardroom'? Get in touch with our team at james@ceo.ca for further details and opportunities.About CEO.CA

The leading community for investors & traders in junior resource & venture stocks. CEO.CA is one of the most popular free financial websites and apps in Canada and for small-cap investors globally — with industry leading audience engagement and mobile functionality. Since 2012, CEO.CA has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at CEO.CA to set up your free account.

CEO.CA is a wholly owned subsidiary of EarthLabs, Inc.

For further information please contact:

CEO.CAEmail: james@ceo.caWebsite: CEO.CA

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

Cautionary Statement

The information regarding any issuer contained or referred to in any interviews conducted by CEO.CA has been furnished by such issuer directly, and neither CEO.CA nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the CEO.CA platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. CEO.CA disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229260

Investors in FMC Corporation FMC need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $40.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

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

What do the Analysts Think?

Clearly, options traders are pricing in a big move for FMC shares, but what is the fundamental picture for the company? Currently, FMC is a Zacks Rank #3 (Hold) in the Agriculture – Operations industry that ranks in the Bottom 43% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimates for the current quarter, while three have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of $1.71 per share to $1.67 in that period.Given the way analysts feel about FMC right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Zacks Investment Research

Highlights include 21m at 9.34g/t PGM+Au, 116m at 1.59g/t PGM+Au,5m at 16.40g/t PGM+Au, and 42m at 2.41g/t PGM+Au, 0.12% Ni

VANCOUVER, BC, Nov. 5, 2024 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") received assay results from twenty-five diamond drill holes ("DDH") from its 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga deposit" or "Luanga PGM+Au+Ni deposit"), located in the Carajás Mineral Province, state of Pará, Brazil.

"Today's drilling results mark another step forward as Bravo progresses towards completing the 2024 PGM definition drilling program to support future MRE updates. These results continue to intercept high grades over thick intersections, including those in the Oxide and Low Sulphide zones that have high platinum to palladium ratios.", said Luis Azevedo, Chairman and CEO. "The Luanga Project's consistent delivery of robust results and advancements across various potential development tracks solidify its position as a leading candidate to become a major new Western supplier of these essential metals through market cycles and away from sources affected by geopolitical risks and deep operational challenges. The Project's potential benefits from the substantial infrastructure of the Carajás District, including cost-effective hydro power as well as ready access to power lines, highways, rail, water, labour, and suppliers."

Highlights Include:

Infill and extensional drilling in the Central Sector continue to reveal improved mineralized grades and thicknesses as compared to previous 100m spaced sections.
Much of the mineralization intersected in the new drilling lies within 150m of surface and remains open for further extension to depth.
Drilling in the North Sector of the Luanga deposit continues to demonstrate high-grade supergene mineralization in the oxide zone (e.g. 21m at 9.34g/t PGM+Au in DDH24LU264) and wide zones of mineralization in the fresh rock (e.g. 116m at 1.59g/t PGM+Au in DDH24LU266).
Drilling at T5 target continues to extend mineralization eastward. Testing of the Bore Hole Electromagnetic ("BHEM") anomaly at T1 will commence soon, as well as drill testing of a new copper/gold target west of T5.

HOLE-ID	From (m)	To (m)	Thickness (m)	Pd	Pt	Rh	Au	PGM + Au	Ni* (%) Sulphide	TYPE	Sector
HOLE-ID	From (m)	To (m)	Thickness (m)	(g/t)	(g/t)	(g/t)	(g/t)	(g/t)	Ni* (%) Sulphide	TYPE	Sector
DDH24LU264	0.00	21.00	21.00	1.05	8.14	0.08	0.07	9.34	NA	Ox	North
DDH24LU265	128.30	164.60	36.30	0.45	1.36	0.04	0.01	1.87	0.01	FR/LS	North
And	201.60	228.60	27.00	1.64	0.93	0.18	0.04	2.78	0.07	FR	North
DDH24LU266	29.70	146.00	116.30	0.54	1.01	0.03	0.01	1.59	0.02	FR	North
DDH24LU269	49.65	54.65	5.00	10.46	5.09	0.77	0.08	16.40	0.04	FR	Central
DDH24LU271	69.20	81.20	12.00	2.09	0.92	0.14	0.01	3.16	0.12	FR	Central
DDH24LU275	25.80	46.90	21.10	2.34	0.81	0.15	0.03	3.33	0.10	FR	Central
DDH24LU277	86.90	89.90	3.00	22.13	8.56	1.01	0.06	31.65	0.03	FR	Central
And	175.90	179.90	4.00	3.21	13.93	0.62	0.01	17.77	0.02	FR/LS	Central
DDH24LU278	23.00	27.00	4.00	4.13	2.18	0.31	0.03	6.64	0.02	FR	Central
DDH24LU280	150.50	184.50	34.00	1.71	0.56	0.08	0.17	2.52	0.29	FR	Central
DDH24LU281	102.80	142.80	40.00	1.43	0.51	0.07	0.14	2.16	0.23	FR	Central
DDH24LU282	170.65	213.30	42.65	1.67	0.61	0.09	0.04	2.41	0.28	FR	Central

Notes: All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material. Given the orientation of drilling and mineralization, intercepts are estimated at 115% to 135% of true thickness in the Central Sector, and 135% to 155% of true thickness in the North Sector. Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization. * Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays.

Luanga Drilling Update

Results from twenty-five diamond drill holes have been received, eight from the North Sector and seventeen from the Central Sector of the Luanga PGM+Au+Ni deposit. All the drill holes reported herein are angled holes (-60 degrees), towards an azimuth of 090° in the North Sector and 330° in the Central sector. Together, this set of drill holes comprise a total of 4,994.6 metres of diamond drilling.

Section 1 (Figure 1) in the Central Sector shows an infill section, with DDH24LU282 being the deepest drill hole on the section, exhibiting a wide zone of mineralization, open at depth, within 150m from surface, and consistently increasing in grade from DDH23LU230 to DDH24LU237 to DDH24LU282. These results continue to support the mineralization defined on Bravo's earlier 100m spaced sections. This work continues to bode well for potential future project studies.

Figure 1: Central Sector (Section 1 on Figure 4). Mineralized Grades and thicknesses continue to increase with depth. (CNW Group/Bravo Mining Corp.)

Section 2 (Figure 2) shows infill hole DDH24LU280, in the Central Sector, aimed at increasing classification confidence in the next MRE update. Drilling also shows mineralized grades and thicknesses that are similar to, or better than, drilling from earlier Bravo phases on either side of this drill hole (DDH23LU058 and DDH23LU136). Trenching (TRC24LU031A/B) on this section also demonstrates the more significant volume of near surface oxide mineralization (due to dispersion) compared to more discrete thicknesses intersected by drilling in the fresh rock below. These results will support future Mineral Resource Estimate ("MRE") updates.

Figure 2: Central Sector (Section 2 on Figure 4). Infill drilling continues to support previous drilling results by Bravo. (CNW Group/Bravo Mining Corp.)

Section 3 (Figure 3) is an infill section in the Central Sector. Drilling (DDH24LU275, and DDH22LU059) also shows clear evidence of better mineralized grades and thicknesses compared to historic drilling (PPT-LUAN-FD0121) between the Bravo drill holes, again with mineralization defined to date less to ~150m from surface and still open at depth.

Figure 3: Central Sector (Section 3 on Figure 4). Better mineralized grades and thicknesses compared to historic drilling. (CNW Group/Bravo Mining Corp.)

HeliTEM (Helicopter borne EM) and Copper/Gold Exploration Update

Exploration is progressing on both BHEM targets and HeliTEM targets. Drilling continues at T5, the previously reported massive sulphide Cu-Ni discovery (see news release dated May 28, 2024), expanding mineralization to the east. Drilling to follow up BHEM at T1 will commence soon, along with drill testing of a new copper target located west of T5.

Drill Results Status Update

A total of 338 drill holes have been completed by Bravo to date, for 72,006 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 297 Bravo drill holes to date. Assay results for 33 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). A total of 42 trenches have been completed to date (for 8,317 metres), with results for 37 trenches reported and results for 5 trenches pending.

Complete Table of Recent Intercepts.

HOLE-ID	From	To	Thickness (m)	Pd	Pt	Rh	Au	PGM + Au	Ni* (%) Sulphide	TYPE
HOLE-ID	(m)	(m)	Thickness (m)	(g/t)	(g/t)	(g/t)	(g/t)	(g/t)	Ni* (%) Sulphide	TYPE
DDH24LU260	119.90	123.90	4.00	2.68	4.24	2.22	0.52	9.66	0.01	FR/LS
DDH24LU261	0.00	41.50	41.50	0.44	0.77	0.03	0.01	1.24	NA	Ox
And	53.90	73.90	20.00	0.27	0.59	0.08	<0.01	0.94	0.02	FR/LS
And	88.90	90.90	2.00	0.31	0.89	0.13	0.01	1.34	0.02	FR/LS
And	111.90	113.90	2.00	0.95	2.53	0.49	0.02	4.00	0.02	FR/LS
And	181.90	192.90	11.00	0.39	0.23	0.04	0.01	0.66	0.03	FR
DDH24LU262	0.00	35.00	35.00	0.33	0.68	0.03	0.01	1.05	NA	Ox
And	35.00	49.00	14.00	0.16	0.46	0.05	0.01	0.66	0.01	FR/LS
And	58.00	63.00	5.00	1.16	4.61	0.92	0.03	6.71	0.02	FR/LS
And	146.00	152.00	6.00	0.91	2.62	0.42	0.15	3.96	0.15	FR
DDH24LU263	0.00	29.90	29.90	0.64	0.68	0.02	<0.01	1.34	NA	Ox
And	62.50	68.55	6.05	0.35	0.76	0.03	0.01	1.15	0.01	FR/LS
And	72.55	104.60	32.05	0.27	0.60	0.04	<0.01	0.91	0.01	FR/LS
And	147.60	151.60	4.00	0.64	0.63	0.11	0.03	1.40	0.14	FR
And	177.60	192.60	15.00	0.39	0.18	0.02	0.05	0.64	0.09	FR
DDH24LU264	0.00	21.00	21.00	1.05	8.14	0.08	0.07	9.34	NA	Ox
And	31.25	85.30	54.05	0.37	0.71	0.02	<0.01	1.10	0.01	FR/LS
DDH24LU265	128.30	164.60	36.30	0.45	1.36	0.04	0.01	1.87	0.01	FR/LS
And	201.60	228.60	27.00	1.64	0.93	0.18	0.04	2.78	0.07	FR
DDH24LU266	0.00	7.85	7.85	0.30	1.01	0.04	0.01	1.35	NA	Ox
And	29.70	146.00	116.30	0.54	1.01	0.03	0.01	1.59	0.02	FR
And	186.00	194.00	8.00	0.59	0.42	0.08	0.01	1.10	0.10	FR
DDH24LU267	67.00	92.00	25.00	0.21	0.49	0.03	<0.01	0.73	0.01	FR
And	236.80	242.80	6.00	0.54	0.37	0.05	<0.01	0.97	0.06	FR
And	269.80	277.80	8.00	0.23	0.10	0.04	<0.01	0.37	0.21	FR
DDH24LU268	0.00	12.00	12.00	0.31	0.62	0.07	0.01	1.02	NA	Ox
DDH24LU269	49.65	54.65	5.00	10.46	5.09	0.77	0.08	16.40	0.04	FR
And	107.30	149.30	42.00	0.31	0.25	<0.01	<0.01	0.57	0.03	FR
DDH24LU270	47.00	88.00	41.00	0.27	0.22	0.01	<0.01	0.51	0.02	FR
DDH24LU271	0.00	5.15	5.15	0.84	0.33	0.03	0.03	1.25	NA	FR
And	69.20	81.20	12.00	2.09	0.92	0.14	0.01	3.16	0.12	FR
And	181.20	249.20	68.00	0.31	0.29	0.01	<0.01	0.61	0.02	FR
DDH24LU272	0.00	2.70	2.70	0.49	0.29	0.06	0.02	0.87	NA	Ox
And	20.10	28.35	8.25	0.44	0.18	0.03	0.02	0.67	NA	Ox
And	31.00	38.00	7.00	1.01	0.41	0.08	0.03	1.54	0.19	FR
And	48.00	58.00	10.00	1.48	0.54	0.09	0.18	2.29	0.21	FR
And	136.00	191.00	55.00	0.34	0.31	0.01	<0.01	0.66	0.01	FR
DDH24LU273	0.00	12.75	12.75	1.21	0.49	0.08	0.02	1.80	NA	Ox
And	86.60	110.60	24.00	0.29	0.24	0.01	<0.01	0.53	0.01	FR
And	122.60	125.60	3.00	0.20	0.61	0.10	<0.01	0.92	0.01	FR/LS
DDH24LU274	0.00	6.00	6.00	0.33	0.21	0.01	0.01	0.56	NA	Ox
And	20.50	52.70	32.20	0.32	0.26	0.01	<0.01	0.59	0.01	FR
DDH24LU275	0.00	5.80	5.80	0.50	0.34	0.05	0.03	0.92	NA	Ox
And	25.80	46.90	21.10	2.34	0.81	0.15	0.03	3.33	0.10	FR
And	131.90	174.90	43.00	0.31	0.24	0.01	<0.01	0.57	0.02	FR
DDH24LU276	0.00	4.00	4.00	0.60	0.26	0.03	0.01	0.89	NA	Ox
And	84.50	96.50	12.00	0.33	0.20	0.01	<0.01	0.54	0.02	FR
DDH24LU277	0.00	1.79	1.79	0.49	0.22	0.28	0.02	1.01	NA	FR
And	75.90	80.90	5.00	0.67	0.39	0.04	0.02	1.11	0.05	FR
And	86.90	89.90	3.00	22.13	8.56	1.01	0.06	31.65	0.03	FR
And	149.90	161.90	12.00	0.18	0.38	0.01	0.01	0.58	0.01	FR/LS
And	175.90	179.90	4.00	3.21	13.93	0.62	0.01	17.77	0.02	FR/LS
DDH24LU278	14.00	17.00	3.00	2.28	0.93	0.16	0.02	3.38	NA	Ox
And	23.00	27.00	4.00	4.13	2.18	0.31	0.03	6.64	0.02	FR
And	120.50	126.77	6.27	0.20	0.33	0.01	0.01	0.54	0.01	FR
DDH24LU279	39.50	44.50	5.00	0.35	0.33	0.01	0.01	0.69	0.02	FR
DDH24LU280	107.95	112.75	4.80	0.59	0.20	0.03	0.06	0.88	0.31	FR
And	150.50	184.50	34.00	1.71	0.56	0.08	0.17	2.52	0.29	FR
And	206.50	237.50	31.00	0.25	0.24	<0.01	0.01	0.51	0.02	FR
DDH24LU281	15.90	19.60	3.70	0.60	0.26	<0.01	0.32	1.18	NA	Ox
And	56.80	60.80	4.00	0.45	0.15	<0.01	0.09	0.68	0.19	FR
And	63.80	66.80	3.00	0.61	0.24	<0.01	0.11	0.97	0.12	FR
And	79.80	87.80	8.00	0.29	0.11	0.01	0.10	0.50	0.11	FR
And	93.80	96.80	3.00	0.23	0.10	0.01	0.02	0.36	0.20	FR
And	102.80	142.80	40.00	1.43	0.51	0.07	0.14	2.16	0.23	FR
And	146.80	171.80	25.00	0.24	0.22	0.02	0.01	0.47	0.02	FR
DDH24LU282	170.65	213.30	42.65	1.67	0.61	0.09	0.04	2.41	0.28	FR
And	218.30	252.30	34.00	0.32	0.23	0.01	0.01	0.57	0.01	FR
And	295.30	299.30	4.00	1.80	1.75	0.27	0.14	3.97	0.04	FR
And	306.30	310.30	4.00	0.15	0.40	0.02	<0.01	0.61	0.02	FR
DDH24LU283	22.10	27.80	5.70	0.60	0.23	0.02	0.01	0.86	0.01	FR
DDH24LU284	109.38	113.97	4.59	0.25	0.31	0.01	<0.01	0.57	0.01	FR

Notes:	All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.
	Given the orientation of drilling and mineralization, intercepts are estimated at 115% to 135% of true thickness in the Central Sector, and 135% to 155% of true thickness in the North Sector.
	Type: Ox = Oxide. FR = Fresh Rock. LS = Low Sulphide. Recovery methods and results will differ based on the type of mineralization.
	* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel, unlike historical total nickel assays

Figure 4: Location of Bravo Drilling and Sections Reported in this News Release (CNW Group/Bravo Mining Corp.)

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.

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

Technical Disclosure

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

For further information about Bravo, please visit www.bravomining.com

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "continues", "significant", "critical", "undoubtedly", "robust", "potential", "solidify", "essential", "substantial", "improved", "further extension", "high-grade", "consistently increasing", "better", "wide", "bode well", variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. This news release contains forward-looking information pertaining to the Company's ongoing drill program and the results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth; the potential for greater thicknesses and/or higher grades at depth; the impact of current and future drilling on future mineral resource estimates, after taking into account other modifying factors; whether or not the mineralization is amenable to open pit mining and, if so, to what extent; potential economic outcomes, including strip ratios, in future economic studies; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted mineralization contains significant values of nickel, PGMs and Au; that the mineralization remains open to depth, that PGM and/or Ni grades and mineralized thicknesses are improving to depth; that final drill and assay results will be in line with management's expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Schedule 1: Drill Hole Collar Details

HOLE-ID	Company	East (m)	North (m)	RL (m)	Datum	Depth (m)	Azimuth	Dip	Sector
DDH24LU260	Bravo	659449.835	9343124.194	258.596	SIRGAS2000_UTM_22S	165.25	90.00	-60.00	North
DDH24LU261	Bravo	659398.590	9343123.961	255.949	SIRGAS2000_UTM_22S	245.40	90.00	-60.00	North
DDH24LU262	Bravo	659539.417	9342814.041	273.110	SIRGAS2000_UTM_22S	190.60	90.00	-60.00	North
DDH24LU263	Bravo	659451.586	9342974.382	267.848	SIRGAS2000_UTM_22S	260.55	90.00	-60.00	North
DDH24LU264	Bravo	659387.575	9343074.446	252.390	SIRGAS2000_UTM_22S	160.35	90.00	-60.00	North
DDH24LU265	Bravo	659297.480	9343074.500	237.800	SIRGAS2000_UTM_22S	260.30	90.00	-60.00	North
DDH24LU266	Bravo	659356.430	9343124.000	249.810	SIRGAS2000_UTM_22S	245.75	90.00	-60.00	North
DDH24LU267	Bravo	659655.160	9342616.070	254.510	SIRGAS2000_UTM_22S	350.35	90.00	-60.00	North
DDH24LU268	Bravo	658508.010	9340906.000	235.950	SIRGAS2000_UTM_22S	105.70	330.00	-60.00	Central
DDH24LU269	Bravo	658730.170	9340927.830	237.050	SIRGAS2000_UTM_22S	165.80	330.00	-60.00	Central
DDH24LU270	Bravo	658731.530	9341015.780	229.700	SIRGAS2000_UTM_22S	100.45	330.00	-60.00	Central
DDH24LU271	Bravo	658755.370	9340883.910	238.040	SIRGAS2000_UTM_22S	250.20	330.00	-60.00	Central
DDH24LU272	Bravo	658655.830	9340855.020	245.410	SIRGAS2000_UTM_22S	205.45	330.00	-60.00	Central
DDH24LU273	Bravo	658630.870	9340898.340	242.680	SIRGAS2000_UTM_22S	150.15	330.00	-60.00	Central
DDH24LU274	Bravo	658604.230	9340944.550	238.180	SIRGAS2000_UTM_22S	100.10	330.00	-60.00	Central
DDH24LU275	Bravo	658693.880	9340890.480	239.010	SIRGAS2000_UTM_22S	185.35	330.00	-60.00	Central
DDH24LU276	Bravo	658700.910	9340978.290	237.550	SIRGAS2000_UTM_22S	105.55	330.00	-60.00	Central
DDH24LU277	Bravo	658830.010	9340945.250	239.620	SIRGAS2000_UTM_22S	220.75	330.00	-60.00	Central
DDH24LU278	Bravo	658802.200	9340993.410	230.410	SIRGAS2000_UTM_22S	150.25	330.00	-60.00	Central
DDH24LU279	Bravo	658774.840	9341040.260	221.600	SIRGAS2000_UTM_22S	85.10	330.00	-60.00	Central
DDH24LU280	Bravo	658485.620	9340648.530	283.830	SIRGAS2000_UTM_22S	295.10	330.00	-60.00	Central
DDH24LU281	Bravo	658333.870	9340511.980	280.550	SIRGAS2000_UTM_22S	275.20	330.00	-60.00	Central
DDH24LU282	Bravo	658405.280	9340488.590	285.330	SIRGAS2000_UTM_22S	340.25	330.00	-60.00	Central
DDH24LU283	Bravo	658090.780	9340435.240	232.570	SIRGAS2000_UTM_22S	180.45	330.00	-60.00	Central
DDH24LU284	Bravo	658051.730	9340402.830	245.820	SIRGAS2000_UTM_22S	200.20	330.00	-60.00	Central

Schedule 2: Assay Methodologies and QAQC

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

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

Bravo SGS Geosol
Preparation	Method	Method	Method	Method
For All Elements	Pt, Pd, Au	Rh	Sulphide Ni, Cu	Trace Elements
PRPCLI (85% at 200#)	FAI515	FAI30V	AA04B	ICP40B

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

SOURCE Bravo Mining Corp.

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/05/c7866.html

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