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Lindian Resources has delivered very large gains over the past five years, yet the stock now screens as expensive on the broad valuation checks, which raises questions about how much of the rare earths story is already in the price.

The share price return over 5 years is about 27x, which sets a high bar for any new investor expecting further value from here.
Progress toward integrated rare earths production, including the Kangankunde project in Malawi and the SARECO processing facility in Kazakhstan, can support higher earnings expectations, while project execution and timing risks may weigh on how much investors are willing to pay today.
The value score is low, with Lindian Resources screening as undervalued in just 1 of 6 checks. This suggests the stock is not a clear bargain on the broader metrics.

For investors, the debate is whether Lindian Resources' recent share price strength already reflects the progress on its rare earths projects or if there is still room for further value to emerge.

Lindian Resources delivered 216.7% returns over the last year. See how this stacks up to the rest of the Metals and Mining industry.

Is Lindian Resources Getting Expensive on Book Value?

P/B can be useful for Lindian Resources because it is still in the build out phase and book value gives you a simple check on how highly the market prices its asset base. Lindian Resources currently trades at a P/B of about 9.3x, versus an industry average around 1.9x and a peer average near 17.4x. That places the stock well above the broader metals and mining group, although not at the very top end of its more focused peer set.

Despite the recent progress toward integrated rare earths production at Kangankunde and SARECO, this gap indicates that the market already assigns a rich value to Lindian Resources relative to its current equity on the balance sheet. Anyone looking at ASX:LIN through this lens is paying a high price for each A$1 of book value, with limited margin of safety if expectations around its projects or timelines change.

On the P/B multiple, Lindian Resources stock currently appears overvalued.

ASX:LIN P/B Ratio as at Aug 2026

See what the numbers say about this price — find out in our valuation breakdown.

The Lindian Resources Narrative: What Would Justify Today's Price?

Simply Wall St Narratives for Lindian Resources pick up from this valuation puzzle and set out the specific growth, margin and earnings paths that would need to occur for Lindian Resources' stock to be worth materially more or less than it is today on the market. Each narrative links its number to a clear view on how growth, profitability and risk might change over time, so you can revisit those assumptions as new information appears on the Community page.

Share a narrative on Lindian Resources to provide a clear, number-driven view on whether its push toward integrated rare earths production at Kangankunde and the SARECO facility really supports today's price, then track how that thesis holds up as new results and project updates arrive.

Do you think there's more to the story for Lindian Resources? Head over to our Community to see what others are saying!

The Bottom Line

Lindian Resources now trades on a rich set of market multiples, so the valuation case rests on whether its rare earths projects can justify that premium over time. The broad checks point to the stock being overvalued, which leaves less room for error if project timelines or funding needs change. The key question for you is whether the execution of Kangankunde and SARECO can progress smoothly enough to support today’s expectations, or whether the current price already reflects most of that potential.

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 LIN.AX.

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

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Sociedad Química y Minera de Chile (SQM) recently moved above its 50 day moving average, with the stock gaining 6.5% over the past month. Positive earnings estimate revisions have supported this technical shift.

See our latest analysis for Sociedad Química y Minera de Chile.

Zooming out, Sociedad Química y Minera de Chile’s recent 6.68% 30 day share price return and 3.12% 7 day move contrast with an 8.49% decline over 90 days, while the 1 year total shareholder return of 66.51% and 5 year total shareholder return of 68.56% point to strong longer term gains.

If SQM’s momentum has your attention, this could be a good moment to broaden your view and check out 28 best rare earth metal stocks.

Sociedad Química y Minera de Chile has a broad business across lithium, iodine and specialty fertilizers, and the stock has just pushed higher again. The key question now is whether that strength is already fully reflected in the price.

Most Popular Narrative: 12.2% Undervalued

On the latest close, Sociedad Química y Minera de Chile traded at $74.47 compared with a widely followed fair value estimate of $84.78. That gap sits on detailed assumptions about lithium and specialty chemicals.

Expansion of lithium production capacity in Australia (Mt. Holland and Kwinana refinery reaching full capacity) and Chile, along with investments in new projects like Salar Futuro, supports long-term volume growth and higher revenue potential for SQM over the next several years.

Read the complete narrative.

It raises the question of what earnings path needs to align with that capacity story. The narrative leans on faster profit growth, richer margins and a reset valuation multiple. The mix of revenue expansion and profitability assumptions is precise. The smallest shift in those inputs could change the $84.78 figure meaningfully.

Result: Fair Value of $84.78 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, investors also need to weigh concentration in volatile lithium markets, as well as the risk that regulatory or environmental hurdles slow Sociedad Química y Minera de Chile’s expansion plans.

Find out about the key risks to this Sociedad Química y Minera de Chile narrative.

Another View on Sociedad Química y Minera de Chile’s Valuation

Analysts see Sociedad Química y Minera de Chile as 12.2% undervalued against a fair value of $84.78, yet the current P/E of 26.1x is slightly above the fair ratio of 25.3x and above the 25.4x peer average. That points to some valuation stretch. Is this a reward for growth expectations, or a margin of risk?

See what the numbers say about this price — find out in our valuation breakdown.

NYSE:SQM P/E Ratio as at Aug 2026

Next Steps

With both optimism and concern in the mix around Sociedad Química y Minera de Chile, it makes sense to move quickly and review the underlying data for yourself so you can decide how the balance of opportunities and risks fits your approach. To help frame that view, take a closer look at the 3 key rewards and 1 important warning sign.

Looking for more investment ideas beyond Sociedad Química y Minera de Chile?

If Sociedad Química y Minera de Chile has sharpened your focus, do not stop here. Use the tools available and keep widening your opportunity set with purpose.

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Companies discussed in this article include SQM.

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

Highlights

SQM reported total revenues for the six months ended June 30, 2026 of US$4,228.5 million compared to total revenues of US$2,079.3 million for the same period last year.

Net income for the six months ended June 30, 2026 of US$1,024.7 million or US$3.59 per share, compared to US$225.9 million or US$0.79 per share for the same period last year.

In lithium: record-high quarterly sales volumes surpassing 84 thousand metric tons of Lithium Carbonate Equivalent (LCE).

In Iodine: record-high sales price and record quarterly revenue.

In Specialty Plant Nutrition: strong sales volumes and solid sales price.

During the first half of 2026, SQM and its subsidiaries accrued over US$1.6 billion in payments to the Chilean State.i

SQM will hold a conference call to discuss these results on Wednesday, August 19, 2026 at 12:00pm EDT (12:00pm Chile time).

Participant Call link: https://register-conf.media-server.com/register/BI3e9715a0ab7b4208a6ae898954f0797b

Webcast: https://edge.media-server.com/mmc/p/s7toz78m

SANTIAGO, Chile, Aug. 19, 2026 (GLOBE NEWSWIRE) — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net income for the six months ended June 30, 2026, of US$1,024.7 million or US$3.59 per share, an increase of 353.5% compared to US$225.9 million or US$0.79 per share reported for the same period last year.

Gross profit(1) reached US$2,038.6 million (48.2% of revenues) for the six months ended June 30, 2026, 267.2% higher than US$555.2 million (26.7% of revenues) recorded for the six months ended June 30, 2025. Revenues totaled US$4,228.5 million for the six months ended June 30, 2026, representing an increase of 103.4% compared to US$2,079.3 million reported for the six months ended June 30, 2025.

The Company also announced net income for the second quarter of 2026 of US$660.0 million or US$2.31 per share, an increase of 646.4% compared to US$88.4 million or US$0.31 per share for the second quarter of 2025. Gross profit for the second quarter of 2026 reached US$1,260.0 million, 398.1% higher than the US$253.0 million reported for the second quarter of 2025. Revenues totaled US$2,468.4 million for the second quarter of 2025, an increase of 136.7% compared to US$1,042.7 million for the second quarter of 2025.

SQM’s Chief Executive Officer, Ricardo Ramos, stated, “I am pleased to announce SQM’s second-quarter results. As we close the first half of the year and look ahead to the remainder of 2026, I am encouraged by the solid performance we have delivered across our main business lines.”

He added, “In lithium, we achieved record quarterly sales volumes of over 84 thousand metric tons of Lithium Carbonate Equivalent (LCE) from our lithium operations in Chile through Nova Andino Litioii and in Australia through Covalent Lithiumiii. As anticipated in our previous earnings report, prices increased during the second quarter, supported by stronger-than-expected market demand. We now expect global lithium demand to be over 2.1 million metric tons in 2026, further strengthening our confidence in the long-term fundamentals of the market.

To see full press release please visit: https://ir.sqm.com/

For media inquiries, contact:

Nova Andino Litio: Ignacia Lopez / ignacia.lopez@novandino.com International Lithium Division: Gonzalo Colazo / gonzalo.colazo@sqm.com Iodine & Plant Nutrition Division: Carolina Guzman / carolina.guzman@sqm.com

i Includes accrued corporate income taxes and mining taxes (part of which has already been paid), and payments related to the Corfo contracts such as the lease payment (paid quarterly), and other accrued payments to local governments (paid annually) in connection with said contracts. This amount also includes the dividend accrued to be paid to Codelco.ii Nova Andino Litio (or Novandino) is the joint company between SQM and Codelco.iii Covalent Lithium is a joint venture between SQM and Wesfarmers Limited.

Lindian Resources keeps Kangankunde on track for Q4 2026 rare earths production Proactive uses images sourced from Shutterstock

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) remains on schedule to deliver first rare earths monazite concentrate production from the Kangankunde Rare Earths Project in Malawi in Q4 2026, with mining ramping up and construction advancing toward front-end commissioning in late October.

Ore is now being mined and stockpiled ahead of commissioning, with production drill-and-blast underway and initial blasts completed. The haul road is finished, while grade control sampling and development of the run-of-mine pad and heavy mining equipment laydown areas are progressing.

Practical completion remains targeted for November 2026.

Kangankunde mine office.

Construction advances

Process plant construction is accelerating, with SAG mill civil works progressing and thickener civil and structural installation underway.

Plant cable racking has been delivered to site, while additional mechanical fitters, boilermakers, electricians, riggers and steel erectors are mobilising to increase execution capacity.

Tailings storage facility works are progressing toward completion by the end of October. Phase 1 of the 33kV high-voltage overhead powerline is complete, with electrical works continuing ahead of plant energisation.

Water infrastructure is also advancing, including borehole completion works, with remaining works targeted for completion by the end of October.

Executive director Zac Komur said the project was moving into a phase where construction, mining and operational readiness were progressing concurrently.

“The build-up of ore inventory, completion of key infrastructure and expansion of the operating team are all supporting Kangankunde’s transition from a construction project toward an operating rare earth mine.”\

Tailings Storage Facility at Kangankunde.

Operational readiness

Recruitment is underway for key metallurgy and plant operations roles, while standard operating procedures are targeted for completion by the end of October.

Lindian is also expanding capability around its SARECO mixed rare earth carbonate processing facility in Kazakhstan, where 25 existing personnel are transferring to the company.

The SARECO team is expected to grow to about 75 personnel as the facility moves toward MREC production in Q4 2026.

Next steps

Lindian’s immediate focus is completing remaining construction, electrical, water and tailings infrastructure ahead of front-end commissioning in October.

The company will also continue building ore stockpiles, recruiting operational personnel and completing commissioning procedures ahead of practical completion in November and first monazite concentrate production in Q4 2026.

Small Cap Watch: Lindian advances Kangankunde, Titan hits high-grade gold-silver and Emyria removes bottlenecks Proactive uses images sourced from Shutterstock

The S&P/ASX Small Ordinaries (ASX:XSO) closed at 3,500.90, down 0.38% or 13.40 points yesterday.

The small-cap benchmark has lost further ground over the past 5 trading days, declining 1.62% or 57.60 points over the period.

Against the softer index backdrop, several companies have delivered project, exploration and operational updates spanning rare earths, gold, copper and healthcare. You can read about the following and more throughout the day.

Lindian Resources keeps Kangankunde on track for Q4 production

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has maintained its timetable for first production from the Kangankunde Rare Earths Project in Malawi in Q4 2026, as construction, mining and operational readiness activities advance in parallel.

Front-end commissioning is targeted for late October 2026, with practical completion scheduled for November 2026.

The company said the project was transitioning towards commissioning and operations while it continued to build the technical, operational and commercial capabilities required to support Kangankunde.

Lindian is also expanding its operating capability across Malawi, Kazakhstan, Singapore and Perth as it develops an integrated rare earths business incorporating the recently acquired SARECO MREC Processing Facility in Kazakhstan.

Titan Minerals hits 33.5 metres at 6.6 g/t gold

Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has identified an extensive zone of shear and vein-hosted gold-silver mineralisation during its latest diamond drilling, including a significant intersection of 33.5 metres at 6.6 g/t gold and 55.5 g/t silver from 236.7 metres in hole CVDD26-199.

The northwest-trending mineralised zone was intersected outside the current resource and represents a potential addition to the mineral inventory at the Cerro Verde prospect.

Titan said the shear-hosted style of mineralisation may have been missed by previous drilling because of its orientation, highlighting the potential importance of the broader northwest-trending structural corridor as a conduit for mineralisation.

The company has now planned drilling to define possible repetitions and lateral extensions of the shear-hosted mineralisation, with work expected to begin within the coming fortnight.

Further extensional drilling is planned during 2026 across multiple resource growth targets at Cerro Verde, with results expected to feed into an update to the Dynasty resource in early 2027.

Artemis Resources receives heritage clearance for Cassowary drilling

Artemis Resources Ltd (ASX:ARV, AIM:ARV, OTCQB:ARTTF, FRA:ATY) has moved another step towards maiden drilling at its flagship Cassowary Copper-Gold target within the Madura Project, about 440 kilometres east of Kalgoorlie in Western Australia.

A heritage survey with the Pila Nguru Traditional Owners was underway on 26 June 2026, covering proposed drill sites and access tracks.

Artemis has now received the final heritage survey report, providing clearance for 4 planned drill sites, local access tracks and camp sites.

The clearance represents a key requirement for progressing the Cassowary exploration program towards its maiden drilling campaign.

Artemis is focused on gold, copper and lithium projects in Western Australia.

Emyria removes prescriber bottleneck and recruits 15 therapists

Emyria Ltd (ASX:EMD) has resolved Authorised Prescriber capacity constraints across its Perth and Queensland operations, shifting the focus to therapist availability as the next constraint on increasing treatment volumes.

Recent Authorised Prescriber approvals have removed what the company described as a key bottleneck to further clinical activity, while existing dosing capacity in Perth is now being constrained by Lead Therapist availability.

Emyria said current Lead Therapist capacity was substantially utilised and patient waitlists supported demand for additional treatment capacity.

The company has recruited 15 new therapists who are due to begin training in Perth this Friday, with the majority recruited for its Perth operations.

Of the new recruits, 13, or 87%, meet revised Therapeutic Goods Administration Lead Therapist eligibility requirements. The group comprises clinical psychologists, mental health occupational therapists and mental health nurses.

Emyria is targeting additional dosing availability in Perth during Q4 2026, subject to the new therapists completing training, clinical onboarding, integration and scheduling.

The company expects the enlarged therapist workforce to allow greater use of its existing prescribing capacity and clinical infrastructure, progressively increasing treatment volumes as the recruits complete their training and onboarding.

SQM (SQM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SQM broke out above the 50-day moving average, suggesting a short-term bullish trend.

One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down trend.

SQM has rallied 6.5% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests SQM could be on the verge of another move higher.

The bullish case solidifies once investors consider SQM's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 3 higher, while the consensus estimate has increased too.

Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on SQM for more gains in the near future.

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

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

Zacks Investment Research

For Immediate Release

Chicago, IL – August 17, 2026 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Albemarle Corporation ALB, Sociedad Quimica y Minera de Chile S.A. SQM and Rio Tinto Group RIO.

Here are highlights from Friday’s Analyst Blog:

Albemarle Stock Slides 28% in 3 Months: Should You Buy the Dip?

Albemarle Corporation’s shares have tumbled 27.7% in the past three months, underperforming the Zacks Chemical – Diversified industry decline of 8.3% and the S&P 500’s 3.2% increase.

Falling lithium market prices have been weighing on ALB stock. Lithium prices have pulled back amid slowing demand for electric vehicles (EVs) in China, elevated inventories and expectations for higher supply from mine restarts and capacity expansions. EV orders have moderated in China, the world’s largest lithium consumer, while demand from the energy storage market remains resilient.

Reflecting the retreat in lithium prices, ALB stock broke below its 50-day simple moving average (SMA) on May 15, 2026. It also slipped below its 200-day SMA on June 23, 2026. The 50-day SMA is reading lower than the 200-day SMA, following a death crossover on July 21, 2026, signaling a bearish trend.

Given the pullback in Albemarle’s shares, investors might be tempted to snap up the stock. But is this the right time to buy ALB? Let’s find out.

Growing Lithium Demand and Productivity Aid Albemarle

ALB expects lithium demand to witness a compound annual growth rate (CAGR) of 10-20% from 2025 to 2030. Stationary storage is expected to be a significant driver for lithium demand along with EVs. Albemarle expects demand to grow roughly 15-40% this year, with growth already trending near the higher end of the range.

The company is strategically executing its projects aimed at boosting its global lithium conversion capacity. It remains focused on investing in high-return projects to drive productivity. Healthy customer demand, capacity expansion and plant productivity improvements are supporting its volumes.

The Salar yield improvement project in Chile has achieved a 50-60% operating rate, and the ramp-up continues to deliver encouraging outcomes. Albemarle, in March 2026, submitted the environmental assessment permit for a commercial direct lithium extraction (DLE) project at Salar de Atacama. The DLE pilot plant supports future growth at Salar de Atacama and has demonstrated lithium recoveries of more than 90%. The CGP3 expansion at the Greenbushes spodumene mine in Australia is underway and is expected to reach full production in first-quarter 2027.

Albemarle is taking aggressive cost-saving and productivity actions. The company delivered roughly $450 million in cost and productivity improvements for full-year 2025, having surpassed its initial target of $300-$400 million. It expects additional cost and productivity improvements of $100-$150 million in 2026, with $100 million already delivered.

ALB is taking actions to maintain its competitive position, including the initiation of a comprehensive review of cost and operating structure, optimization of the conversion network and reduction of capital expenditure.

ALB’s Strong Financial Health Supports Capital Allocation

The company remains focused on maintaining its dividend payout. It has raised its quarterly dividend for the 30th straight year. ALB offers a dividend yield of 1.3% at the current stock price. Its peers, Sociedad Quimica y Minera de Chile S.A. and Rio Tinto Group, have a dividend yield of 3.7% and 5%, respectively.

Volume and Margin Pressure Weigh on ALB Stock

Some impacts of the lithium price retreat are also expected to reflect on the company’s performance in the third quarter. ALB expects sequentially lower prices and volumes to result in a decline in Energy Storage sales and margins compared with the second quarter.

ALB’s Earnings Estimates Southbound

The Zacks Consensus Estimate for 2026 for ALB has been revised downward over the past 60 days. The consensus estimate for third-quarter 2026 has been going down over the same time frame.

A Look at ALB’s Valuation

ALB is currently trading at a forward price-to-sales ratio of 2.38, above the industry’s 0.93. It is trading at a premium to Rio Tinto and in line with Sociedad Quimica. Albemarle has a Value Score of B. Rio Tinto and Sociedad Quimica currently have a Value Score of A and C, respectively.

Final Thoughts: Hold Onto ALB Shares

Albemarle is poised to benefit from project ramp-ups, ongoing efforts to expand its global lithium conversion capacity and productivity improvement initiatives. The company remains well-positioned to gain from the long-term expansion of the battery-grade lithium market. Near-term headwinds include lower Energy Storage volumes, weaker lithium prices and margin pressure. With shares below key moving averages and trading at a premium to the industry, immediate upside appears limited. Also, declining earnings estimates cast a pall on the company's prospects. Considering these factors, holding onto this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Rio Tinto PLC (RIO) : Free Stock Analysis Report

Albemarle Corporation (ALB) : Free Stock Analysis Report

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

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

Zacks Investment Research

Albemarle Corporation’s ALB shares have tumbled 27.7% in the past three months, underperforming the Zacks Chemical – Diversified industry decline of 8.3% and the S&P 500’s 3.2% increase. Falling lithium market prices have been weighing on ALB stock. Lithium prices have pulled back amid slowing demand for electric vehicles (EVs) in China, elevated inventories and expectations for higher supply from mine restarts and capacity expansions. EV orders have moderated in China, the world’s largest lithium consumer, while demand from the energy storage market remains resilient.

ALB’s 3-month Price Performance

Image Source: Zacks Investment Research

Albemarle Trades Below 50-Day SMA

Image Source: Zacks Investment Research

Given the pullback in Albemarle’s shares, investors might be tempted to snap up the stock. But is this the right time to buy ALB? Let’s find out.

Growing Lithium Demand and Productivity Aid Albemarle

Albemarle is well-placed to gain from long-term growth in the battery-grade lithium market. The market for lithium batteries and energy storage remains strong, offering significant opportunities for the company to develop innovative products and expand capacity. Lithium demand is expected to grow on the back of significant global EV penetration. ALB expects lithium demand to witness a compound annual growth rate (CAGR) of 10-20% from 2025 to 2030. Stationary storage is expected to be a significant driver for lithium demand along with EVs. Albemarle expects demand to grow roughly 15-40% this year, with growth already trending near the higher end of the range.The company is strategically executing its projects aimed at boosting its global lithium conversion capacity. It remains focused on investing in high-return projects to drive productivity. Healthy customer demand, capacity expansion and plant productivity improvements are supporting its volumes. The Salar yield improvement project in Chile has achieved a 50-60% operating rate, and the ramp-up continues to deliver encouraging outcomes. Albemarle, in March 2026, submitted the environmental assessment permit for a commercial direct lithium extraction (DLE) project at Salar de Atacama. The DLE pilot plant supports future growth at Salar de Atacama and has demonstrated lithium recoveries of more than 90%. The CGP3 expansion at the Greenbushes spodumene mine in Australia is underway and is expected to reach full production in first-quarter 2027. Albemarle is taking aggressive cost-saving and productivity actions. The company delivered roughly $450 million in cost and productivity improvements for full-year 2025, having surpassed its initial target of $300-$400 million. It expects additional cost and productivity improvements of $100-$150 million in 2026, with $100 million already delivered. ALB is taking actions to maintain its competitive position, including the initiation of a comprehensive review of cost and operating structure, optimization of the conversion network and reduction of capital expenditure.

ALB’s Strong Financial Health Supports Capital Allocation

Albemarle remains committed to driving shareholder value by leveraging healthy cash flows and strong liquidity. Its operating cash flow was around $1.3 billion in 2025, up roughly 86% from the prior year. At the end of the second quarter of 2026, it had liquidity of around $3.2 billion, including cash and cash equivalents of around $1.6 billion. The company generated an operating cash flow of $710 million and free cash flow of $638 million in the second quarter. Operating cash flow for the first half nearly doubled year over year to roughly $1.1 billion. The company remains focused on maintaining its dividend payout. It has raised its quarterly dividend for the 30th straight year. ALB offers a dividend yield of 1.3% at the current stock price. Its peers, Sociedad Quimica y Minera de Chile S.A. SQM and Rio Tinto Group RIO, have a dividend yield of 3.7% and 5%, respectively.

Volume and Margin Pressure Weigh on ALB Stock

ALB’s Energy Storage unit faces volume pressure in 2026, which may affect the segment’s sales. The company’s guidance reflects flat to 4% lower year-over-year Energy Storage sales volumes in 2026. Albemarle expects Energy Storage sales volumes of 225-235 kilotons (kt), compared with 235kt in 2025, as higher Wodgina output partly offsets a delay in the CGP3 ramp-up following the June 9, 2026 fire. Lower sales volumes are expected to result in a decline in Energy Storage sales in the third quarter.Some impacts of the lithium price retreat are also expected to reflect on the company’s performance in the third quarter. ALB expects sequentially lower prices and volumes to result in a decline in Energy Storage sales and margins compared with the second quarter.

ALB’s Earnings Estimates Southbound

The Zacks Consensus Estimate for 2026 for ALB has been revised downward over the past 60 days. The consensus estimate for third-quarter 2026 has been going down over the same time frame.

Image Source: Zacks Investment Research

A Look at ALB’s Valuation

ALB’s P/S F12M Vs. Industry, SQM and RIO

Image Source: Zacks Investment Research

Final Thoughts: Hold Onto ALB Shares

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Albemarle Corporation (ALB) : Free Stock Analysis Report

Rio Tinto PLC (RIO) : Free Stock Analysis Report

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

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

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Accelerating grower adoption of selective crop protection, expanding integrated pest management (IPM) frameworks, and mounting demand for effective resistance management solutions highlighted by selective chemistry developments across Corteva Agriscience, FMC Corporation, Syngenta AG, Bayer CropScience AG, UPL Limited, and ADAMA Ltd. are propelling the global methoxyfenozide and diamide insecticides market from $3 billion in 2025 to a projected $5.6 billion by 2035, growing at a 6.4% CAGR. This 210-page study delivers an in-depth evaluation across product categories (diamide chemistries holding primary volume, methoxyfenozide generating $145 million in 2025), key crop applications (fruits and vegetables leading with $1 billion or 33% share), and regional market forecasts anchored by North America ($645.2 million base growing at 6.7% CAGR).

Methoxyfenozide and Diamide Insecticides Market

Dublin, Aug. 14, 2026 (GLOBE NEWSWIRE) — The "Methoxyfenozide and Diamide Insecticides Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2026-2035" has been added to ResearchAndMarkets.com's offering.

The Global Methoxyfenozide & Diamide Insecticides Market was valued at USD 3 billion in 2025 and is estimated to grow at a CAGR of 6.4% to reach USD 5.6 billion by 2035.

The methoxyfenozide & diamide insecticides market is witnessing steady expansion as agricultural producers increasingly adopt selective crop protection products to address evolving pest resistance while improving productivity. Demand is shifting away from conventional broad-spectrum insecticides toward advanced formulations that offer targeted pest control and support sustainable farming practices. Growing implementation of integrated pest management programs across major agricultural economies is encouraging the use of selective chemistries based on pest population thresholds rather than routine spraying schedules. Regulatory developments and resistance management strategies are also influencing purchasing decisions, prompting growers to diversify insecticide programs and adopt products with different modes of action. In addition, broader product registrations across specialty crops and expanding usage in high-value agricultural production continue to strengthen market demand. Increasing emphasis on effective resistance management, improved crop protection efficiency, and sustainable agricultural practices is expected to reinforce long-term growth opportunities for the global methoxyfenozide & diamide insecticides market throughout the forecast period.

The methoxyfenozide segment was valued at USD 145 million in 2025 and accounted for a 4.8% share. Although methoxyfenozide remains an important product category within selective insecticide solutions, evolving regulatory frameworks in several regions are reshaping market dynamics and limiting new product approvals. These developments are influencing future growth opportunities while encouraging manufacturers to strengthen their portfolios through innovation and diversified product offerings.

The fruits and vegetables segment generated USD 1 billion in 2025, representing a 33% share. This application segment continues to lead the market due to the high crop protection requirements associated with horticultural production and the premium value of specialty crops. Demand for advanced insecticide formulations remains strong across fruit and vegetable cultivation as growers focus on improving crop quality, protecting yields, and minimizing pest-related losses. The high economic value of these crops continues to support the sustained adoption of selective insecticide technologies.

The North American methoxyfenozide & diamide insecticides market generated USD 645.2 million in 2025 and is projected to grow at a CAGR of 6.7% through 2035. The region's leadership reflects strong demand across both commercial agriculture and specialty crop production. Continued expansion of product registrations, increasing adoption of modern crop protection practices, and ongoing investments in agricultural productivity are supporting long-term market growth. The emphasis on resistance management and efficient pest control strategies further strengthens the outlook for the regional market.

Major companies operating in the global methoxyfenozide & diamide insecticides market include Syngenta AG, Bayer CropScience AG, FMC Corporation, Corteva Agriscience, UPL Limited, Adama Ltd., Nippon Soda Co., Ltd., ISK – Ishihara Sangyo Kaisha Ltd., Nihon Nohyaku Co., Ltd., Nufarm Limited, Kumiai Chemical Industry Co., Ltd., Jiangsu Yangnong Chemical Co., Ltd., Zhejiang Rayfull Chemicals Co., Ltd., Lier Chemical Co., Ltd., and Shandong Sino-Agri United Biotechnology. Companies operating in the methoxyfenozide & diamide insecticides market are strengthening their market presence by investing in product innovation, expanding regulatory approvals, and developing advanced insecticide formulations with improved efficacy and resistance management capabilities. Manufacturers are increasing research and development activities to introduce selective crop protection solutions that support sustainable farming practices and integrated pest management programs. Strategic collaborations with agricultural distributors, research institutions, and farming organizations are helping companies broaden product availability and improve customer outreach.

Comprehensive Market Analysis and Forecast

Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape

Competitive landscape with Porter's Five Forces and PESTEL analysis

Market size, segmentation, and regional forecasts

In-depth company profiles, business strategies, financial insights, and SWOT analysis

Key Attributes:

Report Attribute	Details
No. of Pages	210
Forecast Period	2025 – 2035
Estimated Market Value (USD) in 2025	$3 Billion
Forecasted Market Value (USD) by 2035	$5.6 Billion
Compound Annual Growth Rate	6.4%
Regions Covered	Global

Key Topics Covered: Chapter 1 Methodology & Scope1.1 Market scope and definition1.2 Research design1.2.1 Research approach1.2.2 Data collection methods1.3 Data mining sources1.3.1 Global1.3.2 Regional/Country1.4 Base estimates and calculations1.4.1 Base year calculation1.4.2 Key trends for market estimation1.5 Primary research and validation1.5.1 Primary sources1.6 Forecast model1.7 Research assumptions and limitationsChapter 2 Executive Summary2.1 Industry 360 synopsis2.2 Key market trends2.2.1 Category type2.2.2 Formulation type2.2.3 Crop Type2.2.4 Regional2.3 TAM Analysis, 2026-20352.4 CXO perspectives: Strategic imperatives2.5 Future outlook and strategic recommendationsChapter 3 Industry Insights3.1 Industry ecosystem analysis3.1.1 Supplier landscape3.1.2 Profit margin3.1.3 Value addition at each stage3.1.4 Factor affecting the value chain3.1.5 Disruptions3.2 Industry impact forces3.2.1 Growth drivers3.2.2 Industry pitfalls and challenges3.2.3 Market opportunities3.3 Growth potential analysis3.4 Regulatory landscape3.4.1 North America3.4.2 Europe3.4.3 Asia-Pacific3.4.4 Latin America3.4.5 Middle East & Africa3.5 Porter's analysis3.6 PESTEL analysis3.7 Technology and innovation landscape3.7.1 Current technological trends3.7.2 Emerging technologies3.8 Price trends3.8.1 by region3.8.2 by category type3.9 Future market trends3.10 Patent landscape3.11 Trade statistics (HS code)3.11.1 Major importing countries3.11.2 Major exporting countries3.12 Sustainability and environmental aspects3.12.1 Sustainable practices3.12.2 Waste reduction strategies3.12.3 Energy efficiency in production3.12.4 Eco-friendly initiativesChapter 4 Competitive Landscape, 20254.1 Introduction4.2 Company market share analysis4.2.1 by region4.2.1.1 North America4.2.1.2 Europe4.2.1.3 Asia-Pacific4.2.1.4 LATAM4.2.1.5 MEA4.3 Company matrix analysis4.4 Competitive analysis of major market players4.5 Competitive positioning matrix4.6 Key developments4.6.1 Mergers & acquisitions4.6.2 Partnerships & collaborations4.6.3 New product launches4.6.4 Expansion plansChapter 5 Market Estimates and Forecast, by Category Type, 2022-2035 (USD Million) (Kilo Tons)5.1 Key trends5.2 Methoxyfenozide5.3 Diamide Insecticides5.3.1 Chlorantraniliprole5.3.2 Cyantraniliprole5.3.3 Flubendiamide5.3.4 Other DiamidesChapter 6 Market Estimates and Forecast, by Formulation Type, 2022-2035 (USD Million) (Kilo Tons)6.1 Key trends6.2 Suspension Concentrate (SC)6.3 Wettable Powder / WDG6.4 Emulsifiable Concentrate (EC)6.5 Granules6.6 Seed Treatment Formulations6.7 Combination/Premix Products6.8 OthersChapter 7 Market Estimates and Forecast, by Crop Type, 2022-2035 (USD Million) (Kilo Tons)7.1 Key trends7.2 Fruits & Vegetables7.3 Cereals & Grains7.4 Oilseeds & Pulses7.5 Field Crops (Fiber & Row)7.6 Turf & Ornamentals7.7 OthersChapter 8 Market Estimates and Forecast, by Region, 2022-2035 (USD Million) (Kilo Tons)8.1 Key trends8.2 North America8.2.1 U.S.8.2.2 Canada8.3 Europe8.3.1 Germany8.3.2 UK8.3.3 France8.3.4 Spain8.3.5 Italy8.3.6 Rest of Europe8.4 Asia-Pacific8.4.1 China8.4.2 India8.4.3 Japan8.4.4 Australia8.4.5 South Korea8.4.6 Rest of Asia-Pacific8.5 Latin America8.5.1 Brazil8.5.2 Mexico8.5.3 Argentina8.5.4 Rest of Latin America8.6 Middle East and Africa8.6.1 Saudi Arabia8.6.2 South Africa8.6.3 UAE8.6.4 Rest of Middle East and AfricaChapter 9 Company Profiles9.1 Corteva Agriscience9.2 Nippon Soda Co., Ltd.9.3 Syngenta AG9.4 Bayer CropScience AG9.5 FMC Corporation9.6 UPL Limited9.7 ISK – Ishihara Sangyo Kaisha Ltd.9.8 Nihon Nohyaku Co., Ltd.9.9 Nufarm Limited9.10 Adama Ltd.9.11 Jiangsu Yangnong Chemical Co., Ltd.9.12 Zhejiang Rayfull Chemicals Co., Ltd.9.13 Kumiai Chemical Industry Co., Ltd.9.14 Lier Chemical Co., Ltd.9.15 Shandong Sino-Agri United BiotechnologyFor more information about this report visit https://www.researchandmarkets.com/r/smaakq

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Methoxyfenozide and Diamide Insecticides Market

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VANCOUVER, BC, Aug. 13, 2026 /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 six months ended June 30, 2026 and the corresponding management's discussion and analysis ("MD&A"). Below is a summary of the Company's financial results for the second quarter of 2026 ("Q2 2026") and for the six months ended June 30, 2026 ("YTD 2026") in comparison to the same respective period in 2025 ("Q2 2025" and "YTD 2025") (all amounts in USD unless specified):

Revenue for Q2 2026 decreased to $7.9 million (Q2 2025 – $10.7 million), representing a $2.8 million or -25.8% decrease. Revenue for YTD 2026 decreased to $21.7 million (YTD 2025 – $25.5 million), representing a $3.8 million or 14.8% decrease.
Mine operating income decreased by $4.6 million to -$4.2 million in Q2 2026 (Q2 2025 – $0.36 million) while gross margin decreased from 3% in Q2 2025 to -53% in Q2 2026. The decrease was mainly due to decrease in platinum-group-metal ("PGM") sales and higher production costs. Mine operating income in YTD 2026 increased by $0.7 million (or 17.2%) to mine operating loss of $3.6 million (YTD 2025 – $4.3 million), resulting from a increased gross margin of -16.4% in YTD 2026 from -16.9% in YTD 2025.
Operating loss was $7.9 million in Q2 2026 compared to a loss of $3 million in Q2 2025, primarily due to lower sales volume and higher production costs. Operating loss was $10.2 million in YTD 2026 compared to a loss of $11.1 million in YTD 2025.
Net loss attributable to equity shareholders was $6.1 million ($0.03 loss per share) in Q2 2026 versus net loss attributable to equity shareholders of $1.8 million ($0.01 loss per share) in Q2 2025. The increase in net loss was primarily due to the decrease in overall sales and higher production costs incurred at the CRM.
Net loss attributable to equity shareholders was $10.2 million ($0.05 loss per share) in YTD 2026 compared to net loss attributable to equity shareholders of $8.7 million ($0.04 loss per share) in YTD 2025. The decrease of YTD 2026 net income was mainly attributable to the same reasons as described above for the quarter.
The Company had a working capital deficit (current assets less current liabilities) of $67.9 million as at June 30, 2026 (December 31, 2025 – working capital deficit of $56.9 million) and short-term cash resources of $362,000 (consisting of cash and cash equivalents) (December 31, 2025 – $177,000).

Charlie Liu, Interim Chief Executive Officer and President of Eastplats commented, "We had a challenging second quarter as monthly run-of-mine processing tonnages at the Crocodile River Mine were lower than targeted. We will continue to focus on operational efficiencies to improve PGM and chrome production."

Operations

The Company derived revenue from the processing of PGM and chrome concentrates at the CRM. Eastplats' majority of revenue (approximately 78% and 80% for Q2 2026 and YTD 2026) is from PGM concentrate sales to Impala Platinum Limited under related offtake agreements. This is in line with the Company's expectations as it continues to ramp up production at the CRM.

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

Summary of chrome production from underground operations for the three and six months ended June 30, 2026 and 2025:

	Q2 2026	YTD 2026	Q2 2025	YTD 2025
Total ROM Feed (tons)	51,160	106,798	75,340	120,287
Average grade Cr concentrate	40.38 %	40.5 %	40.74 %	40.7 %
Tons of Cr concentrate	14,921	31,678	19,768	29,529

Summary of PGM production for the three and six months ended June 30, 2026 and 2025:

	Q2 2026	YTD 2026	Q2 2025	YTD 2025
Average 6E grade (grams per ton)*	167	158	151	150
Tons of PGM concentrate	810	1,826	1,401	2,072
PGM ounces produced (6E)*	4,356	9,146	6,781	9,961

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

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

Condensed interim consolidated financial statements for the three and six months ended June 30, 2026; and
Management's discussion and analysis for the three and six months ended June 30, 2026.

The condensed interim consolidated financial statements for the three and six months ended June 30, 2026 are available for download at:

https://www.eastplats.com/investors/quarterly-reports/F2026/ and are also available on the JSE's website at:

https://senspdf.jse.co.za/documents/2026/JSE/ISSE/EPS/Q226.pdf.

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

About Eastern Platinum Limited

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

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

Cautionary Statement Regarding Forward-Looking Information

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

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

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

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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/13/c3046.html

EASTERN PLATINUM LIMITED(Incorporated in Canada)(Canadian Registration number BC0722783)(South African Registration number 2007/006318/10)Share Code TSX: ELR ISIN: CA2768555096Share Code JSE: EPS ISIN: CA2768555096("Eastplats" or the "Company")

VANCOUVER, BC, Aug. 6, 2026 /CNW/ — Eastern Platinum Limited ("Eastplats" or the "Company") announces that Changyu Liu, currently Chairman of the Board of Directors of the Company (the "Board"), will be appointed as Interim President and Chief Executive Officer of the Company, effective August 13, 2026. Mr. Liu will succeed Wanjin Yang. The Company's operations continue in the ordinary course and are not expected to be affected by this leadership transition. The Board of Directors and management confirm that this transition is not related to the Company's operations or financial reporting and wish to thank Mr. Yang for his significant contributions, dedication, and support to Eastplats during his tenure and wish him well in his future endeavours. The Company is conducting a search for a new President and Chief Executive Officer. A further update will be provided in due course.

About Eastern Platinum Limited

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

Cautionary Statement Regarding Forward-Looking Information

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

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

06 August 2026

JSE SponsorPSG Capital

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/06/c7328.html

VANCOUVER, BC / ACCESS Newswire / August 5, 2026 / Apex Critical Metals Corp. ("Apex" or the "Company") (CSE:APXC)(OTCQX:APXCF)(FWB:KL9)(Euronext Access Paris:MLAPX) is pleased to announce the appointment of Mr. Trevor Hall to its Board of Directors, effective immediately.

Mr. Hall is a Nebraska native with longstanding ties to the state. He earned both bachelor's and master's degrees from the College of Journalism and Mass Communications at the University of Nebraska-Lincoln and has maintained a strong connection to Nebraska throughout his career. Mr. Hall is an experienced mining and commodities communications executive and currently serves as Chief Executive Officer of Clear Commodity Network and host of Mining Stock Daily. He previously led a communications consultancy focused on helping mining and exploration companies strengthen stakeholder engagement, community outreach and corporate communications.

Trevor Hall comments, "I am grateful to be a part of the Apex Critical Metals Board of Directors. The Rift Rare Earth Project is one of the most intriguing, rare earth oxide endowments in the United States and a compelling exploration story. Rift and the Apex Team are positioned to play an important role in resupplying American-produced rare earth minerals. I am honored to work in my home state of Nebraska and assist in Apex's continued success."

"We are pleased to welcome Trevor to the Board of Apex," said CEO Sean Charland. "His Nebraska roots and experience in mining-sector communications and community engagement will be valuable as we continue to advance the Rift Rare Earth Project. Trevor understands the importance of clear, transparent communication and building strong, long-term relationships with local communities and stakeholders."

About Apex Critical Metals Corp. (CSE:APXC)(OTCQX:APXCF)(FWB:KL9)(Euronext Access Paris:MLAPX)

Apex Critical Metals Corp. is a Canadian exploration company focused on advancing rare earth element (REE) and niobium projects that support the growing demand for critical and strategic metals across the United States and Canada. The Company's flagship Rift Project, located within the highly prospective Elk Creek Carbonatite Complex in Nebraska, U.S.A., hosts extensive rare earth rights surrounding one of North America's most advanced niobium deposits. Two historical drillholes located within the 700 m corridor of interest returned broad intervals of >2.00% REO, with higher grade (>3.00% REO) intervals within. The Company's 2026 drilling has continued to demonstrate this grade profile and have expanded the footprint of the high-grade mineralization over approximately 380 m from the historical drillholes. Additionally, drilling has delineated a new horizon ("Neo Zone") of strongly elevated NdPr beneath the high-grade material with NdPr distributions between 30-50%.

Find out more at www.apexcriticalmetals.com and watch our videos at https://apexcriticalmetals.com/apex-critical-metals-corporate-video/ and make sure to stay in touch by signing up for free news alerts at https://apexcriticalmetals.com/news/news-alerts/, or by following us on X (formerly Twitter), Facebook or LinkedIn.

On Behalf of the Board of DirectorsAPEX CRITICAL METALS CORP.,Sean CharlandChief Executive OfficerTel: 604.681.1568Email: info@apexcriticalmetals.comNeither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include (without limitation) statements regarding the Company's US-based prospective assets (more particularly described above), including the potential for additional acquisitions and the potential for exploration, and statements regarding the potential for future exploration and drilling to confirm the source of magnetic anomalies. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Risks that could change or prevent these events, activities or developments from coming to fruition include: the Company's properties are at an early stage of development and no current mineral resources or reserves have been identified by the Company thereof, that we may not be able to fully finance any additional exploration on the Company's properties; that even if we are able to 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 our properties 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 REE 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. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements herein are made as of the date hereof, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Apex Critical Metals Corp.

View the original press release on ACCESS Newswire

VANCOUVER, BC, Aug. 3, 2026 /CNW/ — Eastern Platinum Limited ("Eastplats" or the "Company") has secured a credit facility (the "New Credit Facility") with Ka An Development Co. Limited (the "Lender") for the value of up to C$2,000,000. This is separate facility in addition to the previously announced two credit facilities on February 6, 2026 and November 14, 2025 (together with the New Credit Facility, the "Credit Facilities"). As of the date of this news release, the total credit available to the Company taken into account three Credit Facilities is for the value of up to C$4,000,000. Eastplats intends to use the proceeds from the New Credit Facility as working capital to support the ramp-up of underground production tonnages at the Crocodile River Mine ("CRM").

Each advance under the New Credit Facility bears an annual interest rate of 10.25%, representing the current South African prime lending rate as of the date of this news release. Each such advance will mature 6 months from the date of issuance unless it is renewed or extended at the Lender's discretion. An interest rate of 15.375% will be applied on any overdue and unpaid debt amount.

Eastplats intends to ramp a up its Zandfontein underground mine to target 70,000 tonnes of run-of-mine ("RoM") ore per month by the end of 2026.

As the Lender is an insider of the Company, the New Credit Facility constitutes a "related party transaction" for the purpose of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation, as the fair market value of the consideration for the Credit Facilities to the Lender is significantly less than 25% of the market capitalization of the Company.

About Eastern Platinum Limited

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

Cautionary Statement Regarding Forward-Looking Information

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

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

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

03 August 2026

JSE SponsorPSG Capital

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/03/c9652.html

Lindian Resources advances Kangankunde toward Q4 production after milestone June quarter Proactive uses images sourced from Shutterstock

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) moved closer to becoming a rare earths producer during the June 2026 quarter, completing key construction and mining-readiness milestones at the Kangankunde Rare Earths Project in Malawi while strengthening its balance sheet and advancing a downstream processing strategy in Kazakhstan.

The company maintained its target for first concentrate production in the fourth quarter of 2026, with front-end commissioning scheduled for October and practical completion targeted for mid-November.

Mining operations began shortly after quarter-end following the first production blast on July 1, which fragmented about 13,100 tonnes of material, including an estimated 5,500 tonnes of ore. Ore haulage and stockpiling are now underway ahead of plant commissioning.

Kangankunde reaches mining-readiness milestones

During the quarter, Lindian completed the Stage 1 pit haul road, secured explosives import approvals and formally commissioned the onsite explosives magazine.

The production drill rig also completed the first blast pattern, while access was established to the top of the Stage 1 pit.

Around 27,000 tonnes of ore had been placed on the run-of-mine pad by quarter-end, providing early feed inventory to support commissioning and the ramp-up to commercial production.

Construction of the processing plant also progressed, with concrete pours completed across the shaking table, semi-autogenous grinding mill, multi-gravity separator, low-intensity magnetic separator, wet high-intensity magnetic separator and product shed areas.

The tailings storage facility reached about 50% completion and remained on track for completion in September 2026.

Supporting infrastructure also advanced, including completion of a 27-kilometre power corridor and installation of 269 poles connecting the project toward the Balaka ESCOM substation.

All 17 planned water boreholes were drilled and the required water permits were secured.

Lindian said all major equipment and infrastructure items had been procured, with mobilisation to site underway, reducing delivery risk ahead of commissioning.

Safety performance maintained during construction ramp-up

The Kangankunde workforce reached 3,318 personnel during the quarter, with the project recording 873,003 work hours without a lost-time injury.

The company said the result reflected strong safety discipline as construction and operational activity continued to increase.

Executive chair Robert Martin said the quarter demonstrated Lindian’s ability to deliver Kangankunde “on time, on budget and in a safe, efficient manner”.

“Production remains on target for Q4 2026,” he said.

Stage 2 study targets larger production profile

Alongside Stage 1 development, Lindian continued work on a Stage 2 feasibility study led by DRA Global.

The study is targeting completion in December 2026 and is assessing an expanded 4 million tonnes-per-annum development pathway.

Subject to the study and a final investment decision, the expansion could lift total concentrate production capacity to about 120,000 tonnes per annum.

The company completed 7,764 metres of Stage 2 infill drilling during the quarter, including 2,391 metres of existing reverse circulation holes extended with diamond core.

Pending assays will support an updated mineral resource estimate, mine planning, reserve conversion and the feasibility study.

Kazakhstan processing strategy progresses

Lindian also advanced due diligence on its proposed acquisition of the SARECO mixed rare earth carbonate processing facility in Stepnogorsk, Kazakhstan.

Technical, environmental, legal and commercial work assessed the plant’s flowsheet, processing capability, reagent and utilities supply, environmental compliance and ownership structure.

The company believes the existing facility offers a relatively low-capital pathway into higher-value mixed rare earth carbonate production using an operating plant, established permits and an experienced local workforce.

Lindian also confirmed access to sulphuric acid from the Stepnogorsk Sulphuric Acid Plant, a state-backed producer within Kazakhstan’s Samruk-Kazyna sovereign wealth fund.

Subsequent test work completed by the Australian Nuclear Science and Technology Organisation achieved 98% neodymium-praseodymium extraction and 96% total rare earth and yttrium extraction from Kangankunde concentrate.

Completion of the SARECO acquisition remains subject to definitive agreements and third-party approvals, with completion targeted during the September quarter.

Funding supports production and expansion plans

Lindian completed a A$100 million institutional placement during the quarter, leaving the company with A$108 million in cash at June 30.

The funding provides a debt-free pathway to first concentrate production and will also support the Stage 2 study, long-lead equipment and the proposed SARECO integration.

NBS Bank also approved an undrawn US$11.6 million, or about A$17 million, composite facility comprising asset finance and working capital support for Kangankunde.

The company spent A$24.7 million on property, plant and equipment during the quarter, primarily relating to processing plant construction, mine development and supporting infrastructure.

FMC (FMC) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +23.81%. A quarter ago, it was expected that this chemical producer would post a loss of $0.39 per share when it actually produced a loss of $0.23, delivering a surprise of +41.03%.

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

FMC, which belongs to the Zacks Agriculture – Operations industry, posted revenues of $841.4 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 7.03%. This compares to year-ago revenues of $1.05 billion. The company has topped consensus revenue estimates just once over the last four quarters.

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

FMC shares have lost about 21.1% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for FMC?

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

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

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

Ahead of this earnings release, the estimate revisions trend for FMC was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $940.28 million in revenues for the coming quarter and $1.61 on $3.7 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Agriculture – Operations is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Cibus (CBUS), is yet to report results for the quarter ended June 2026.

This developer and licensor of plant traits for seed companies is expected to post quarterly loss of $0.26 per share in its upcoming report, which represents a year-over-year change of +57.4%. The consensus EPS estimate for the quarter has been revised 18.6% higher over the last 30 days to the current level.

Cibus' revenues are expected to be $1.41 million, up 51.6% from the year-ago quarter.

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Toronto, Ontario–(Newsfile Corp. – July 29, 2026) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company"), an advanced development-stage gold company focused on the restart and the expansion of our 100% owned PL Gold Mine in central Manitoba is pleased to provide an update on the restart of the PL Gold Mine.

Resource Expansion and Infill Drilling Program

Between September 2025 and April 2026, the Company completed its largest-ever infill drill program on the PL Gold Mine property, with more than 13,500 metres completed in 131 holes. The program focused on resource expansion and infill drilling to support an update to the current 2017 NI 43-101 Mineral Resource Estimate (2017 MRE).

Results successfully demonstrated the deposit's resource expansion potential, with 18 holes targeting the PL North target area (PLN), interpreted as the on-strike extension of the main PL Deposit (PLD). PLN was discovered in 2017 through surface prospecting and sampling and was confirmed by subsequent drilling. Drilling completed at PLN between 2018 and 2026 is not included in the 2017 MRE. Results from PLN drilling are expected to be incorporated into the upcoming 2026 MRE. The target remains open along strike to the northwest and down dip, continuing to demonstrate further expansion potential.

This press release highlights high-grade results above 5 g/t Au, which continue to demonstrate the resource expansion potential of the PL Gold Mine property.

While high-grade mineralization is important and will be targeted in the early years of mining, lower-grade material is also expected to play a role in the updated 2026 MRE, particularly as it relates to the planned restart as an open-pit mine. The Company expects to provide an update on lower-grade results between 1.00 g/t Au and 4.99 g/t Au in subsequent releases.

Highlights of 2025-2026 PLN area drill program include:

Hole M-25-004 intersected PLN upper and lower mineralized structures returning 25 g/t over 0.50 m, 10.04 g/t over 1.4 m (see Table 1 below)
Hole M-25-018 targeting the down dip extension of the PLN structure intersected 7.96 g/t over 1.5 m at down hole depth of 110.4 m extending the down dip projection of the PLN by over 300 m from surface, demonstrating continued resource and exploration potential of the PL property (see Figure 1).
High grade mineralization was intercepted at shallow depths amenable to open-pit mining methods:

M-25-011 – 8.23 g/t over 0.5 m from 6.75 m
M-25-014 – 15.67 g/t over 1.4 m from 31.1 m
M-25-016 – 7.92 g/t over 1.2m from 20.5 m

The PLN target area remains open along strike and down dip, with future resource expansion drilling planned for fall and winter 2026.

Near-surface gold mineralization at PLN supports its inclusion in planned large open-pit development.

The balance of the drill program focused on infill and close-spaced drilling at the PLD to better define mineralized structures and achieve drill density appropriate for mine planning and scheduling ahead of initial open-pit mine development and future underground mining operations.

Infill drilling focused on delineating sub-cropping mineralized structures that comprise the existing PLD 2017 MRE. An area of approximately 150,000 m2 was targeted for infill drilling, with drill-hole spacing ranging from 50 m to 12.5 m and averaging approximately 21 m. This area of the PLD is targeted for future open-pit mine development.

PLD infill drilling results confirmed strong grades at shallow depths across a strike length of approximately 500 m. Shallow intercept highlights include:

Hole M-26-052 intersected 46.16 g/t over 1.50 m from 18.50 m
Hole M-26-048 intersected 55.12 g/t over 1.00 m from 18.30 m
Hole M-26-002 intersected 43.48 g/t over 1.50 m from 41.70 m

Deeper high-grade intercepts confirm down dip extension of shallow mineralization and expansion of an area of very high-grade mineralization (see Figure 1). Highlights of deeper drill results (-50m to -200m) include:

Hole M-25-020 intersected 156.10 g/t over 0.40 m from 127.60 m
Hole M-25-021 intersected 40.88 g/t over 0.50 m from 166.30 m
Hole M-25-022 intersected 35.6 g/t over 2.00 m from 150.50 m
Hole M-25-023 intersected 17.25 g/t over 1.20 m from 179.60 m

Mineral Resource Estimate Update

Results from the 2025-2026 resource expansion and infill drill program, along with all drilling completed since the 2017 MRE, will underpin an updated 2026 MRE, which will be the basis of an updated mine development plan focused on restarting as a lower-cost open-pit mining operation before transitioning to underground. The 2016 MRE and a Preliminary Economic Assessment (PEA) are nearing conclusion and will be followed by a Feasibility Study.

Figure 1: Location Map Highlighting Significant Gold Intercepts from the 2025 – 2026 Resource Expansion and Infill Drill ProgramTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/307156_beeb5d1154fc48c0_001full.jpg

Gorden Glenn President & CEO commented: "First some comments on gold as a strategic investment with an increasingly central role in the global financial system: i) one of China's largest exchange-traded funds (ETF) transformed from an equity-focused vehicle to a gold fund, aligned with the Peoples Bank of China (PBoC) which continues to aggressively accumulate gold reserves ii) China recently banned paper gold trade for retail investors across its major commercial banks, cutting off leveraged speculation and forcing traders to either liquidate their positions or take delivery of physical bullion and iii) globally, central banks continue to build gold reserves with June 2025 monthly gold purchases reaching second-highest of the year. Central banks classify gold as a Tier 1 reserve asset because it carries zero counterparty or default risk. Taken together these global market actions re-affirm our view that gold represents an essential investment class and the restart of the PL Gold Mine offers investors exposure to near term gold production.

The results of the 2025-2026 drill program were impressive, with high grades at shallow depths supporting planned open- pit mine development. In addition, we continue to extend mineralization down dip at the PLN target area (M-25-018) and expand areas of known high grade mineralization in the main PLD (M-25-019 through M-25-030)."

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/307156_minnova1.jpg

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/307156_minnova3.jpg

Notes: 1) Lengths reported in the table are down-hole core lengths. True widths are estimated to be 85% to 100% of the reported down-hole lengths depending on the dip of the mineralized zone, 2) Composite – length weighted average of two contiguous samples.

Development Plans and Strategic Readiness Planning

Site evaluations and technical review/audit by ABGM and other technical consultants support proposed process plant expansion from 1,000 tpd to 2,000 tpd Run of Mine (ROM) (see please release Minnova Announces Strategic Expansion Initiative to Target 2,000 TPD Mine Production at PL Gold Mine and Option Grant ). To achieve steady-state 2,000 tpd ROM throughput, tertiary crushing will be incorporated into the crusher process flowsheet. Pending the results of updated metallurgical test work, including gravity recovery and ore sorting, the process flowsheet will be updated and used to determine any additions required to the mill to achieve and maintain 2,000 tpd ROM throughput.

Overall development plan leverages existing 1,000 tpd process plant infrastructure and defers expansion capital spending to year 1 of commercial operations and funded from operating cash flows with production expansion to 2,000 tpd planned for year 2.

Preliminary mine planning indicates that an underground test-mining program could be initiated in year 1 by dewatering the existing portal and accessing relatively shallow resources from existing infrastructure. The program could be funded from year 1 cash flows and may accelerate the transition to underground mining operations.

Option Grant

Pursuant to the Company's LTIP the Company announces that its board of directors has approved an option grant of 2,600,000 options to purchase common shares of the Company exercisable at a price of $0.20 per common share for a period of 5 years, to certain directors, officers, employees, and consultants. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant. These stock options vest immediately.

QA/QC

All samples were sawn and separated with one half being returned to the core box for reference and the other being bagged in a plastic sample bag which was labeled, tagged, documented and sealed. All core samples were placed in labelled rice sacks and sealed with a security zip-tie. Samples were delivered to SRC Labs. in Saskatoon Saskatchewan. Receipt of the samples was signe. ff at the preparation lab and was tracked by the Company. Pulps of each sample were prepared and followed by fire assay and gravimetric analysis, if required. A QA/QC program including the regular insertion by the Company of duplicates, blanks and standards was instituted.

Sample lengths varied according to geology and mineralization with quartz veins regularly sampled.

Additional disclosure as per NI 43-101 3.3 (2f))

Type of Analytical or Testing Procedures Utilized

Primary Assay: Processing for gold analysis using a 30-gram fire assay with an atomic absorption finish.

Over-limits Assay: Any samples exceeding the 3,000 ppb are re-tested via Fire Assay with a gravimetric finish.

Specialized Testing: Select high-grade or complex samples are further analyzed using metallic screens to evaluate coarse gold ("nugget effect").

Sample Size

The company utilizes NQ and NQ2 size diamond drill core.

For the physical sample size sent to the lab, the core is systematically cut in half. One half is sent as the representative sample for laboratory analysis, and the remaining half is kept securely in the core box as a permanent physical record.

Name and Location of the Laboratory

Saskatchewan Research Council (commonly known as SRC Labs).

The sample preparation and subsequent analytical testing are executed locally at their facility in Saskatoon, Saskatchewan, Canada

Qualified Person

Nick King, BSc (Hons) Geology, GDE Mining Engineering, Pr.Sci Nat., is an independent consultant of the company and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

About Minnova Corp.

Minnova Corp. is a near term gold producer focused on the restart and expansion of its 100%-owned PL Gold Mine in the prolific Flin Flon Greenstone Belt of Central Manitoba. The project is situated on a past producing mine site and benefits from significant existing infrastructure, including a 1,000 tpd processing plant and valid underground mining permit (Environment Act License 1207E).

A positive 2017 Feasibility Study, based on an underground development plan and a gold price of US$1,250 per ounce, outlined a robust 5-year mine life with an annual production rate of 46,493 ounces. Given the current high gold price Minnova is revising the mine development plan to prioritize lower-cost open pit mining methods for the initial years of production before transitioning to underground methods.

A Preliminary Economic Assessment is advancing with a revised and optimized mine development plan leverages the existing 1,000 tpd process plant capacity, envisions an expansion to 2,000 tpd from open pit operations starting in year 2, underground test mining in year 1 and transition from open pit to underground operations in years 3 and 4. The revised development strategy targets reduced operating costs, lower initial capital costs and higher gold production than the previous underground-only model. The current global gold resource remains open to expansion, as does the reserve. The 2017 MRE will be updated in 2026, using current consensus gold price assumption and will incorporate all drilling conducted after the 2017 Feasibility Study, including the 13,500 meter 2025-2026 drill program

For more information please contact:

Minnova Corp.Gorden GlennPresident & Chief Executive Officer

For further information, please contact Investor Relations at: info@minnovacorp.ca

Visit our website at www.minnovacorp.ca

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Minnova has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Minnova does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307156

Updates full-year outlook to reflect more challenging macro environment; Company continues to focus on execution of operational priorities

Second Quarter 2026 Highlights

Revenue of $867 million, down 17 percent versus Q2 2025
- Revenue excluding India1 of $841 million, down 20 percent versus Q2 2025 (which included India)
- Organic revenue2 for the period declined 22 percent
Consolidated GAAP net loss of $187 million, a decline of $253 million versus Q2 2025
Adjusted EBITDA of $153 million, down 26 percent versus Q2 2025
Consolidated GAAP net loss of $1.49 per diluted share, down $2.02 versus Q2 2025
Adjusted earnings per diluted share of $0.26, down 62% versus Q2 2025
GAAP cash from operations of $363 million, an increase of $297 million versus Q2 2025

Full-Year Outlook1

Revenue excluding India lowered to a range of $3.50 billion to $3.70 billion, a decline of 7 percent at the midpoint versus 2025
- Excluding 2025 India contributions, the 2026 outlook represents a decline at the midpoint of 5 percent
Adjusted EBITDA lowered to a range of $620 million to $680 million, a decline of 23 percent at the midpoint
Adjusted earnings per diluted share lowered to a range of $1.19 to $1.49, a decline of 55 percent at the midpoint
Free cash flow, which now includes the upfront licensing payment for rimisoxafen of $200 million, increased to a range of $75 million to $225 million

PHILADELPHIA, July 29, 2026 /PRNewswire/ — FMC Corporation (NYSE: FMC) today reported second quarter 2026 revenue of $867 million, down 17 percent versus second quarter 2025. Second quarter 2026 revenue, excluding India, was $841 million, down 20 percent versus second quarter 2025, which included India. On a GAAP basis, the company reported a loss of $1.49 per diluted share in the second quarter, a decrease of $2.02 versus second quarter 2025. Second quarter adjusted earnings per diluted share of $0.26 was down 62 percent versus second quarter 2025.

"During the quarter, we completed several important actions that strengthened FMC's financial foundation and provide greater flexibility to execute our strategy," said Pierre Brondeau, chairman, chief executive officer and president. "With the strategic review now concluded, we have clarity on the path forward and remain focused on improving competitiveness, advancing our technology portfolio and positioning the company for long-term growth."

FMC Revenue	Q2 2026
Total Revenue Change (GAAP)	(17) %
Total Revenue Change (ex-India) (Non-GAAP)	(20) %
Less: 2025 revenue for India held for sale business	(5) %
Like-for-Like Revenue Change (Non-GAAP)	(15) %

Second quarter sales of $841 million, excluding India, were 20 percent lower than prior year. The removal of India represented a 5 percent sales headwind. Volumes declined 10 percent due to lower diamide partner orders and reduced demand for core legacy products, particularly in North America, as growers contend with strained margins. Price declined 7 percent, driven by pressure on the company's core legacy products and planned Rynaxypyr® active pricing actions. Foreign currency was a 2 percent tailwind. The growth portfolio grew mid-single digits as lower Plant Health sales were more than offset by strong performances from new active ingredients and Cyazypyr® active, reflecting continued demand for innovative solutions. Branded sales of Rynaxypyr® were essentially flat versus prior year, excluding India, with strong demand for new formulations.

FMC Regional Revenue ($M)	Q2 2026	Q2 2025
North America	$249	$321
Latin America	$278	$310
EMEA	$214	$260
Asia (excluding 2026 India)1	$101	$159
2026 India1	$26	—
Total Revenue (GAAP)	$867	$1,051
Totals may not sum due to rounding

GAAP net loss in the second quarter declined $253 million primarily due to lower sales, higher restructuring costs and higher interest expense. FMC second quarter Adjusted EBITDA was $153 million, a decrease of 26 percent from the prior-year period. Lower price and volume were partially offset by favorable costs and a moderate FX tailwind.

On a GAAP basis, cash from operations for the second quarter was $363 million, an increase of $297 million versus 2025, including a $200 million upfront payment related to the rimisoxafen active ingredient licensing agreement. Free cash flow was $357 million, an improvement of $318 million versus Q2 2025 primarily due to higher cash from operations.

Strategy Update

FMC continued to make progress on its four operational pillars during the second quarter: reducing debt, improving the competitiveness of its core portfolio, managing the post-patent transition for Rynaxypyr® and accelerating growth of new active ingredients. These pillars remain the foundation of the company's plan to improve earnings and cash generation, positioning FMC to take full advantage of its technology-driven growth potential.

During the quarter, FMC announced the key components of its targeted approximately $1 billion of proceeds to be used for debt reduction. These actions included signing a definitive agreement for the sale of its India commercial business for $252 million, closing on a licensing agreement for rimisoxafen with Corteva for an upfront payment of $200 million, signing a sale-leaseback agreement for its Newark, Delaware property for $114 million and reaching an agreement for a $400 million equity investment from Tessenderlo Group. With these actions and other minor asset sales to be completed this year, FMC expects to generate approximately $1 billion of proceeds to be used for debt paydown. The India commercial business sale, the Newark, Delaware property sale and the Tessenderlo Group investment are subject to various closing conditions, including regulatory approvals.

With these actions in place, the FMC Board of Directors has concluded the exploration of strategic options announced in February 2026. The company remains focused on executing its operational priorities and strengthening the foundation for future growth through its differentiated technology portfolio.

Full Year Outlook1

The company has updated its full-year 2026 revenue, Adjusted EBITDA, Adjusted EPS and free cash flow guidance ranges. Full year 2026 revenue guidance1 is now $3.50 billion to $3.70 billion, a decline of 7 percent at the midpoint versus prior year1. The updated guidance reflects a more challenging operating environment and incorporates the company's current view of customer purchasing patterns and market conditions. Price is expected to be lower by mid-to-high single digits mainly due to a challenging macro environment as well as planned pricing actions for Rynaxypyr®. Excluding India, volume is expected to be in line with prior year as reduced diamide partner orders are offset by growth in nearly all other parts of the portfolio. India represents a 2 percent headwind1. FX is expected to be a low-single digit tailwind.

Adjusted EBITDA is expected to be $620 million to $680 million, a decline of 23 percent versus prior year, as lower price and an FX headwind are partially offset by favorable costs. Adjusted EPS is expected to be $1.19 to $1.49, a decrease of 55 percent versus prior year, primarily due to lower Adjusted EBITDA and increased interest expense. Free cash flow is expected to be $75 million to $225 million. Free cash flow guidance now includes the $200 million upfront payment received for rimisoxafen licensing.

Third Quarter and Fourth Quarter Outlooks1

Third quarter revenue excluding India is expected to be in the range of $840 million to $900 million, down 9 percent at the midpoint versus third quarter 2025. Price is expected to be lower by mid-to-high single digits. FX is expected to be neutral. Volume is expected to be lower as distributors in North America shift orders from Q3 to Q4 to align purchases more closely with application timing and manage inventory levels. Adjusted EBITDA is forecasted to be in the range of $120 million to $140 million, a decrease of 45 percent at the midpoint versus the prior year as lower sales and an FX headwind are partially offset by favorable costs. FMC expects adjusted earnings per diluted share to be in the range of $0.05 to $0.13 in the third quarter, which represents a 90 percent decline at the midpoint versus third quarter 2025 driven mainly by lower adjusted EBITDA and higher interest expense.

The company expects a return to year-over-year growth in the fourth quarter. Fourth quarter revenue excluding India is expected to be in the range of $1.06 billion to $1.20 billion, an increase of 4 percent at the midpoint versus fourth quarter 2025. Volume is expected to show healthy growth driven by increased direct sales to growers in Brazil, new active ingredients and North America distributor orders that shifted from Q3 to Q4. Price is expected to decline by mid-to-high single digits. Adjusted EBITDA is forecasted to be in the range of $275 million to $315 million, an increase of 5 percent at the midpoint versus the prior year as lower price and an FX headwind are more than offset by higher volume and favorable costs. FMC expects adjusted earnings per diluted share to be in the range of $1.09 to $1.33 in the fourth quarter, which represents a 1 percent increase at the midpoint versus fourth quarter 2025.

	Full-Year 2026 Outlook1	H2 2026 Outlook1	Third Quarter Outlook1	Fourth Quarter Outlook1
Revenue Excl. India	$3.50 billion to $3.70 billion	$1.90 billion to $2.10 billion	$840 million to $900 million	$1.06 billion to $1.20 billion
Growth at midpoint vs. 2025*	(7) %	(2) %	(9) %	4 %
Adjusted EBITDA	$620 million to $680 million	$395 million to $455 million	$120 million to $140 million	$275 million to $315 million
Growth at midpoint vs. 2025*	(23) %	(18) %	(45) %	5 %
Adjusted EPS^	$1.19 to $1.49	$1.16 to $1.46	$0.05 to $0.13	$1.09 to $1.33
Growth at midpoint vs. 2025*	(55) %	(37) %	(90) %	1 %

^ EPS estimates assume 125.9 million diluted shares for full year, H2, Q3 and Q4

*Percentages are calculated using whole numbers. Minor differences may exist due to rounding. India excluded from 2026 guidance and H2 2025

Supplemental Information

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

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

About FMC

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

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

In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.

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

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

Although we provide forecasts for adjusted earnings per share, Adjusted EBITDA, and free cash flow (non-GAAP financial measures), we are not able to forecast the most directly comparable measures calculated and presented in accordance with GAAP. Certain elements of the composition of the GAAP amounts are not predictable, making it impractical for us to forecast. Such elements include, but are not limited to, restructuring, acquisition charges, our India held for sale business, and discontinued operations. As a result, no GAAP outlook is provided. Starting with the third quarter 2025 guidance, we provide forecasts for revenue excluding India (non-GAAP financial measure). We are not able to forecast the GAAP revenue due to potential actions we may take during the held for sale period to prepare the business for a potential buyer and other uncertainties, including customer reaction to the announcement of our intention to sell our India commercial business. In 2026, revenue, Adjusted EBITDA and Adjusted EPS outlooks provided exclude India results and variances are calculated versus 2025 results, which include India results in the first half of the year.

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

FMC CORPORATION CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions, except per share amounts)	2026	2025	2026	2025
Revenue	$ 867.1	$ 1,050.5	$ 1,625.7	$ 1,841.9
Costs of sales and services	525.0	644.2	1,037.0	1,118.9
Gross margin	$ 342.1	$ 406.3	$ 588.7	$ 723.0
Selling, general and administrative expenses	179.1	176.8	364.2	348.8
Research and development expenses	60.4	66.4	125.9	135.1
Restructuring and other charges (income)	222.3	36.7	299.3	54.5
Total costs and expenses	$ 986.8	$ 924.1	$ 1,826.4	$ 1,657.3
Income from continuing operations before non-operating pension, postretirement, and other charges (income), interest expense, net and income taxes	$ (119.7)	$ 126.4	$ (200.7)	$ 184.6
Non-operating pension, postretirement, and other charges (income)	3.3	6.6	6.7	9.8
Interest expense, net	71.3	61.0	136.1	111.1
Income (loss) from continuing operations before income taxes	$ (194.3)	$ 58.8	$ (343.5)	$ 63.7
Provision (benefit) for income taxes	(1.5)	14.4	110.6	27.9
Income (loss) from continuing operations	$ (192.8)	$ 44.4	$ (454.1)	$ 35.8
Discontinued operations, net of income taxes	6.5	23.4	(13.4)	16.4
Net income (loss)	$ (186.3)	$ 67.8	$ (467.5)	$ 52.2
Less: Net income (loss) attributable to noncontrolling interests	0.3	1.1	0.4	1.0
Net income (loss) attributable to FMC stockholders	$ (186.6)	$ 66.7	$ (467.9)	$ 51.2
Amounts attributable to FMC stockholders:
Income (loss) from continuing operations, net of tax	$ (193.1)	$ 43.3	$ (454.5)	$ 34.8
Discontinued operations, net of tax	6.5	23.4	(13.4)	16.4
Net income (loss)	$ (186.6)	$ 66.7	$ (467.9)	$ 51.2
Basic earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$ (1.54)	$ 0.34	$ (3.62)	$ 0.28
Discontinued operations	0.05	0.19	(0.11)	0.13
Basic earnings per common share	$ (1.49)	$ 0.53	$ (3.73)	$ 0.41
Average number of shares outstanding used in basic earnings per share computations	125.4	125.2	125.3	125.1
Diluted earnings (loss) per common share attributable to FMC stockholders:
Continuing operations	$ (1.54)	$ 0.34	$ (3.62)	$ 0.28
Discontinued operations	0.05	0.19	(0.11)	0.13
Diluted earnings per common share	$ (1.49)	$ 0.53	$ (3.73)	$ 0.41
Average number of shares outstanding used in diluted earnings per share computations	125.4	125.6	125.3	125.5

Other Data:
Capital additions and other investing activities	$ (6.5)	$ 9.8	$ 9.3	$ 47.2
Depreciation and amortization expense	$ 41.1	$ 43.4	$ 83.1	$ 87.1

FMC CORPORATION RECONCILIATION OF NON-GAAP FINANCIAL MEASURES RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP) TO ADJUSTED AFTER-TAX EARNINGS FROM CONTINUING OPERATIONS, ATTRIBUTABLE TO FMC STOCKHOLDERS (NON-GAAP) (1) (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions, except per share amounts)	2026	2025	2026	2025
Net income (loss) attributable to FMC stockholders (GAAP)	$ (186.6)	$ 66.7	$ (467.9)	$ 51.2
Corporate special charges (income):
Restructuring and other charges (income) (a)	148.0	36.7	242.7	54.5
Non-operating pension, postretirement, and other charges (income) (b)	3.3	6.6	6.7	9.8
India held for sale business (c)	83.2	—	99.6	—
Income tax expense (benefit) on Corporate special charges(income) (d)	(30.4)	(6.8)	(48.7)	(11.2)
Discontinued operations attributable to FMC stockholders, net of income taxes (e)	(6.5)	(23.4)	13.4	(16.4)
Tax adjustment (f)	22.1	6.9	158.4	21.2
Adjusted after-tax earnings (loss) from continuing operations attributable to FMC stockholders (non-GAAP) (1)	$ 33.1	$ 86.7	$ 4.2	$ 109.1

Diluted earnings (loss) per common share (GAAP)	$ (1.49)	$ 0.53	$ (3.73)	$ 0.41
Corporate special charges (income) per diluted share, before tax:
Restructuring and other charges (income)	1.17	0.29	1.94	0.43
Non-operating pension, postretirement, and other charges (income)	0.03	0.05	0.05	0.08
India held for sale business	0.66	—	0.79	—
Income tax expense (benefit) on Corporate special charges(income), per diluted share	(0.24)	(0.04)	(0.39)	(0.09)
Discontinued operations attributable to FMC stockholders, net of income taxes per diluted share	(0.05)	(0.19)	0.11	(0.13)
Tax adjustments per diluted share	0.18	0.05	1.26	0.17
Diluted adjusted after-tax earnings (loss) from continuing operations per share, attributable to FMC stockholders (non-GAAP)	$ 0.26	$ 0.69	$ 0.03	$ 0.87

Average number of shares outstanding used in diluted adjusted after-tax earnings (loss) from continuing operations per share computations(2)	126.0	125.6	125.8	125.5

____________________
(1)	Referred to as Adjusted earnings. The Company believes that Adjusted earnings, a non-GAAP financial measure, and its presentation on a per share basis provides useful information about the Company's operating results to management, investors, and securities analysts. Adjusted earnings excludes the effects of corporate special charges, the India held for sale business, tax-related adjustments and the results of our discontinued operations. The Company also believes that excluding the effects of these items from operating results allows management and investors to compare more easily the financial performance of its underlying business from period to period.
(2)	The average number of shares outstanding used in the three and six months ended June 30, 2026 diluted adjusted after-tax earnings from continuing operations per share computation (Non-GAAP) includes 0.6 million and 0.4 million diluted shares, respectively. This number of shares differs from the average number of shares outstanding used in diluted earnings per share computations (GAAP) as we had a net loss from continuing operations attributable to FMC stockholders.


(a)	Three Months Ended June 30, 2026:

	Restructuring and other charges (income) includes restructuring charges of $139.5 million primarily comprised of $136.5 million in charges related to Project Foundation, which is management's comprehensive plan to further optimize FMC's cost structure and organizational operations. The charges for Project Foundation include non-cash asset write-off and accelerated depreciation costs of $134.2 million primarily associated with the planned exit of certain production activities, which includes a write-off of $70.6 million for certain receivables due to a change in our commercial strategy in Latin America; severance and employee separation costs of $5.3 million; and, other miscellaneous income of $3.0 million, which includes cash proceeds from the sale of a legacy product line partially offset by professional service provider costs. During the three months ended June 30, 2026, we also recorded Project Focus-related costs of $2.9 million, primarily related to miscellaneous charges associated with previously implemented activities. Other charges (income) included $5.4 million of charges associated with our environmental sites and $3.1 million of other miscellaneous charges.

	Three Months Ended June 30, 2025:

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

	Six Months Ended June 30, 2026:

	Restructuring and other charges (income) includes restructuring charges of $234.0 million primarily comprised of $226.6 million in charges related to Project Foundation, which include non-cash asset write-off and accelerated depreciation costs of $198.9 million primarily associated with the planned exit of certain production activities, which includes a write-off of $70.6 million for certain receivables due to a change in our commercial strategy in Latin America; severance and employee separation costs of $11.5 million; and, other miscellaneous charges of $16.2 million, which includes contract exit costs and professional service provider costs partially offset by the cash proceeds from the sale of a legacy product line. During the six months ended June 30, 2026, we also recorded Project Focus-related costs of $7.2 million, primarily related to miscellaneous charges associated with previously implemented activities. Other charges (income) included $9.3 million of charges associated with our environmental sites and $0.6 million of other miscellaneous income.

	Six Months Ended June 30, 2025

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

(b)	Our non-operating pension, postretirement and other charges (income) includes those costs (benefits) related to interest, expected return on plan assets, amortized actuarial gains and losses and the impacts of any plan curtailments or settlements. These are excluded from our Adjusted earnings and are primarily related to changes in pension plan assets and liabilities which are tied to financial market performance and we consider these costs to be outside our operational performance. We continue to include the service cost and amortization of prior service cost in our Adjusted earnings results noted above. These elements reflect the current year operating costs to our businesses for the employment benefits provided to active employees.

(c)	In July 2025, the Board of Directors approved a plan to divest the Company's commercial business in India in response to ongoing challenges in the country. In May 2026, the Company announced that it has signed a definitive agreement to sell the India commercial business to Crystal Crop Protection Limited for consideration of $252 million, subject to customary adjustments for cash, debt and working capital. The Company will continue to receive all cash generated from the ongoing operation of the India business until closing, primarily through monetization of working capital, and the sale is expected to close during 2026. The assets related to this business have been classified as held for sale since the third quarter of 2025. The business does not qualify for recognition as discontinued operations and will continue to be presented in the Company's reported GAAP results until a transaction is completed. Beginning with the third quarter of 2025, we have excluded the impact of various activities associated with the anticipated sale from our operating results for non-GAAP purposes. Refer to the table below for the adjustments related to the India held for sale business for the three and six months ended June 30, 2026.

	Three Months Ended June 30,		Six Months Ended June 30,		Affected Line Item in the ConsolidatedStatements of Income (Loss)
(In millions)	2026	2025	2026	2025
Operating results	$ 8.9	$ —	$ 43.0	$ —	Revenue, Cost of sales and services, and Selling, general andadministrative expenses
Asset impairment	64.0	—	43.6	—	Restructuring and other charges (income)
Third party provider costs	10.3	—	13.0	—	Restructuring and other charges(income)
India held for sale business	$ 83.2	$ —	$ 99.6	$ —


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

(e)	Discontinued operations includes provisions, net of recoveries, for environmental liabilities and legal reserves and expenses related to previously discontinued operations and retained liabilities.

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

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2026	2025	2026	2025
Tax adjustments:
Revisions to valuation allowances of historical deferred tax assets (i)	$ —	$ —	$ 124.7	$ (1.2)
Net impact of Switzerland tax incentives	6.4	10.5	0.9	13.3
Foreign currency remeasurement and other discrete items	15.7	(3.6)	32.8	9.1
Total non-GAAP tax adjustments	$ 22.1	$ 6.9	$ 158.4	$ 21.2

____________________
(i)	As a result of changes in global earnings mix and ongoing tax planning implemented in March 2026, we reevaluated the realizability of our historical deferred tax assets and recorded an increase to our valuation allowance in Switzerland of approximately $123 million during the six months ended June 30, 2026.

RECONCILIATION OF NET INCOME (LOSS) (GAAP) TO ADJUSTED EARNINGS FROM CONTINUING OPERATIONS, BEFORE INTEREST, INCOME TAXES, DEPRECIATION AND AMORTIZATION, AND NONCONTROLLING INTERESTS (NON-GAAP) (3) (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2026	2025	2026	2025
Net income (loss) (GAAP)	$ (186.3)	$ 67.8	$ (467.5)	$ 52.2
Restructuring and other charges (income) (1)	148.0	36.7	242.7	54.5
Non-operating pension, postretirement, and other charges(income)	3.3	6.6	6.7	9.8
India held for sale business (2)	83.2	—	99.6	—
Discontinued operations, net of income taxes	(6.5)	(23.4)	13.4	(16.4)
Interest expense, net	71.3	61.0	136.1	111.1
Depreciation and amortization	41.1	43.4	83.1	87.1
Provision (benefit) for income taxes	(1.5)	14.4	110.6	27.9
Adjusted earnings from continuing operations, before interest,income taxes, depreciation and amortization, and noncontrolling interests (non-GAAP) (3)	$ 152.6	$ 206.5	$ 224.7	$ 326.2

___________________
(1)	In the reconciliation above, charges recorded in connection with the India held for sale business of $74.3 million and $56.6 million for the three and six months ended June 30, 2026, respectively, are presented in the India held for sale business line, as described in the reconciliation in note (c) above. On the consolidated statements of income (loss), these adjustments are recorded to "Restructuring and other charges (income)."
(2)	Beginning with the third quarter of 2025, we excluded the operating results of the India commercial business during the held for sale period for non-GAAP purposes. For further details on the charges and write-downs recorded in connection with the India held for sale business, refer to note (c) in the reconciliation above.
(3)	Referred to as Adjusted EBITDA. Defined as operating profit excluding restructuring and other charges (income), depreciation and amortization expense, and the India held for sale business.

RECONCILIATION OF CASH PROVIDED (REQUIRED) BY OPERATING ACTIVITIES OF CONTINUING OPERATIONS (GAAP) TO FREE CASH FLOW (NON-GAAP) (2) (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2026	2025	2026	2025
Cash provided (required) by operating activities of continuingoperations (GAAP) (1)	$ 363.0	$ 65.9	$ (237.9)	$ (479.1)

Capital expenditures	(5.3)	(15.0)	(21.9)	(46.6)
Other investing activities	11.8	5.2	12.6	(0.6)
Capital additions and other investing activities	$ 6.5	$ (9.8)	$ (9.3)	$ (47.2)

Cash provided (required) by operating activities of discontinued operations	(18.6)	(16.4)	(34.3)	(29.7)
Divestiture transaction costs (2)	6.5	—	10.8	—
Free cash flow (non-GAAP) (3)	$ 357.4	$ 39.7	$ (270.7)	$ (556.0)

___________________
(1)	The three and six months ended June 30, 2026 includes cash payments of $26.1 million and $92.5 million, respectively, for restructuring activities primarily related to the Project Focus and Project Foundation transformation programs. The three and six months ended June 30, 2025 includes cash payments of $14.9 million and $70.6 million, respectively, made in connection with Project Focus.
(2)	Represents third party provider costs associated with the expected sale of our India commercial business. Proceeds from the sale of our India commercial business anticipated in 2026 will be excluded from free cash flow when received. Therefore, we have also excluded the related transaction costs from free cash flow.
(3)	Free cash flow is defined as cash provided (required) by operating activities of continuing operations (GAAP) adjusted for spending for capital additions and other investing activities as well as cash provided (required) by discontinued operations and divestiture transaction costs associated with the sale of our GSS business. We believe that this non-GAAP financial measure provides a useful basis for investors and securities analysts to evaluate the cash generated by routine business operations, including to assess our ability to repay debt, fund acquisitions and return capital to shareholders through share repurchases and dividends. Our use of free cash flow has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of our results under U.S. GAAP.

RECONCILIATION OF REVENUE (GAAP) TO REVENUE EXCLUDING INDIA (NON-GAAP) (2) (Unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2026	2025	2026	2025
Revenue (GAAP)	$ 867.1	$ 1,050.5	$ 1,625.7	$ 1,841.9
Less: Revenue from India commercial business (1)	25.7	—	21.9	—
Revenue excluding India (non-GAAP) (2)	$ 841.4	$ 1,050.5	$ 1,603.8	$ 1,841.9

___________________
(1)	Beginning with the third quarter of 2025, revenue from the India commercial business is excluded from our adjusted results during the held for sale period for non-GAAP purposes. Refer to note (c) above for further details.
(2)	Although the India held for sale business does not qualify for recognition as discontinued operations, we believe Revenue excluding India (non-GAAP) provides management and investors with useful supplemental information regarding our ongoing revenue performance.

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

	Three Months Ended June 30, 2026vs. 2025	Six Months Ended June 30, 2026 vs. 2025
Total revenue (GAAP) change	(17) %	(12) %
Less: Revenue for India held for sale business for the three and six months ended June 30, 2026	3 %	1 %
Revenue excluding India (non-GAAP) change (1)	(20) %	(13) %
Less: Foreign currency impact	2 %	3 %
Organic revenue (non-GAAP) change (2)	(22) %	(16) %

___________________
(1)	Beginning with the third quarter of 2025, revenue from the India commercial business is excluded from our adjusted results during the held for sale period for non-GAAP purposes. Refer to note (c) above for further details.
(2)	We believe organic revenue growth (non-GAAP) provides management and investors with useful supplemental information regarding our ongoing revenue performance and trends by presenting revenue growth excluding the impact of fluctuations in foreign exchange rates and the India held for sale business.

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

	Twelve Months Ended
(In millions, except percentages)	June 30, 2026
Net income (loss) attributable to FMC stockholders (GAAP)	$ (2,758.0)
Interest expense, net, net of income taxes	225.4
Corporate special charges (income)	1,979.5
India held for sale business	621.3
Income tax expense (benefit) on Corporate special charges (income)	(195.6)
Discontinued operations attributable to FMC stockholders, net of incometaxes	66.4
Tax adjustments	553.5
ROIC numerator (non-GAAP)	$ 492.5

	June 30, 2026	June 30, 2025
Total debt	$ 4,280.6	$ 4,163.3
Total FMC stockholders' equity	1,636.8	4,397.0
Total debt and FMC stockholders' equity (GAAP)	$ 5,917.4	$ 8,560.3
ROIC denominator (2 yr average total debt and FMC stockholders' equity)	$ 7,238.9

ROIC (using Net income (loss) attributable to FMC stockholders (GAAP) as numerator)	(38.10) %
Adjusted ROIC (using non-GAAP numerator) (1)	6.80 %

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

FMC CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In millions)	June 30, 2026	December 31, 2025
Cash and cash equivalents	$ 476.6	$ 584.5
Trade receivables, net of allowance of $45.6 in 2026 and $43.3 in 2025	2,070.5	2,062.0
Inventories	1,209.3	1,219.6
Prepaid and other current assets	570.7	481.2
Assets held for sale (1)	401.6	611.7
Total current assets	$ 4,728.7	$ 4,959.0
Property, plant and equipment, net	554.7	707.4
Other intangibles, net	2,307.9	2,361.8
Deferred income taxes	1,134.3	1,215.6
Other long-term assets	419.2	443.4
Total assets	$ 9,144.8	$ 9,687.2
Short-term debt and current portion of long-term debt	$ 326.3	$ 1,305.1
Accounts payable, trade and other	657.8	771.0
Advanced payments from customers	35.5	453.1
Accrued and other liabilities	606.8	574.0
Accrued customer rebates	632.4	417.4
Guarantees of vendor financing	39.6	45.7
Accrued pensions and other postretirement benefits, current	3.3	3.3
Income taxes	43.1	24.0
Liabilities held for sale (1)	34.6	161.7
Total current liabilities	$ 2,379.4	$ 3,755.3
Long-term debt, less current portion	$ 3,954.3	$ 2,769.8
Long-term liabilities	1,150.0	1,063.2
Equity	1,661.1	2,098.9
Total liabilities and equity	$ 9,144.8	$ 9,687.2

___________________
(1)	The carrying value of the India held for sale business decreased from $450 million as of December 31, 2025 to $350 million as of June 30, 2026 primarily due to receivable collections during the period as well as an impairment charge of approximately $44 million. The carrying value of the held for sale business is comprised of $367 million of net assets held for sale as presented on the consolidated balance sheet and a gain of $17 million related to foreign currency translation in connection with the assets identified for disposal. The foreign currency translation gains are recorded in "Accumulated other comprehensive income (loss)" on the consolidated balance sheet and will be reclassified to the consolidated statement of income (loss) upon close of the sale.

FMC CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Six Months Ended June 30,
(In millions)	2026	2025
Cash provided (required) by operating activities of continuing operations	$ (237.9)	$ (479.1)

Cash provided (required) by operating activities of discontinued operations	(34.3)	(29.7)

Cash provided (required) by investing activities of continuing operations	(10.0)	(51.4)

Cash provided (required) by financing activities of continuing operations	178.9	628.7

Effect of exchange rate changes on cash	(4.6)	12.4

Increase (decrease) in cash and cash equivalents	$ (107.9)	$ 80.9

Cash and cash equivalents, beginning of period	$ 584.5	$ 357.3

Cash and cash equivalents, end of period	$ 476.6	$ 438.2

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Corteva, Inc. CTVA has drawn investor attention after a 32.7% year-to-date gain, helped by a sharp earnings beat and a firmer operating outlook.

The debate is less about whether momentum has improved and more about how much investors should pay for it. Strong demand, positive estimate revisions and a $102 price target support interest, while valuation, separation costs and Crop Protection pricing pressure leave less room for disappointment.

CTVA’s Earnings Momentum Supports the Bull Case

Corteva reported first-quarter 2026 operating earnings of $1.50 per share, up 32.7% year over year. The result topped the consensus mark by 27.1%, signaling that stronger Seed execution and Crop Protection volume growth are translating into earnings leverage.

Net sales rose 11% to $4.91 billion and beat expectations by 5.6%. Organic sales increased 7%, with volumes up across all regions and currency adding four percentage points to reported growth.

Margins also improved. Operating EBITDA advanced 21% to $1.44 billion, while the margin expanded roughly 240 basis points to more than 29%, helped by organic growth, productivity actions, lower input costs and favorable currency movements.

Corteva’s Valuation Leaves Less Room for Error

The rally has pushed valuation above several benchmarks. CTVA trades at 22.52X forward 12-month earnings, compared with 15.68X for the Zacks sub-industry, 17.28X for the Zacks sector and 20.11X for the S&P 500.

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The multiple is also above Corteva’s five-year median of 19.04X, though below the five-year high of 23.93X. That premium does not invalidate the earnings story, but it makes continued execution more important.

Bayer AG BAYRY remains a relevant comparison because its crop science operations also span seeds, traits and crop protection. FMC Corporation FMC offers another reference point for investors watching crop protection demand, pricing and innovation cycles.

CTVA’s Separation Creates Near-Term Cash Costs

Corteva remains on track to separate its Seed and Crop Protection businesses in the fourth quarter of 2026. The future advanced seed and genetics company will be named Vylor, while the Crop Protection business will retain the Corteva name.

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The transition carries cash costs. One-time separation costs are expected to total roughly $350 million, with most spending anticipated in the second half of 2026. Corteva has also included $50 million of net dis-synergies in its 2026 guidance.

The board approved an approximately $1.5 billion pretax contribution to the U.S. pension plan. That move is intended to support investment-grade credit profiles for both companies, but it could weigh on reported cash flow this year.

Corteva’s Pipeline Adds Long-Term Upside

Corteva’s innovation pipeline gives the bull case a longer runway. New Crop Protection products are expected to approach $2 billion in revenues in 2026, with Arylex and Rinskor still below peak sales potential.

The Seed pipeline adds another layer. Corteva plans to launch proprietary hybrid wheat in 2027, tied to an estimated $1 billion long-term opportunity, while next-generation traits are targeted around the start of the next decade.

The Bayer licensing agreement is expected to generate roughly $1 billion in incremental revenues over the next decade. These platforms could extend growth beyond the current agricultural cycle, although product development, adoption and commercialization carry execution risk.

CTVA’s Buy Rank Favors Momentum Over Value

The bottom line is that CTVA looks better suited for investors prioritizing earnings momentum than those looking for a discounted valuation. The operating backdrop has improved, but the stock’s premium multiple and separation-related cash burden raise the bar for delivery.

CTVA currently carries a Zacks Rank #2 (Buy). That rank supports a favorable near-term earnings view, reinforced by a 1.3% upward move in the current fiscal year earnings estimate over the past four weeks and a Momentum Score of A. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Style Scores are less supportive outside momentum. CTVA has a Value Score of D, Growth Score of D and VGM Score of D, indicating that the stock’s appeal is not broad-based across valuation and growth factors.

For now, investor interest remains justified by earnings delivery, estimate revision momentum and a clear innovation pipeline. The case is positive, but it depends more on execution than on valuation support.

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Corteva, Inc. CTVA gives investors exposure to two agriculture technology businesses with different earnings drivers. Seed accounts for 56.9% of total company net sales, while Crop Protection contributes 43.1%.

That balance matters as the company moves toward a planned fourth-quarter 2026 separation. The split could lead investors to value each business on its own growth, margin and risk profile.

Corteva’s Two Engines Support a Balanced Growth Story

Seed and Crop Protection address separate farmer needs. Seed focuses on germplasm and traits that support yield potential and resistance to weather, disease, pests and herbicides. Crop Protection supplies products that protect crops from weeds, insects, other pests and disease.

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Both segments are tied to the same farm economy. Crop acreage, commodity prices, farmer income, weather, seasonal planting patterns, currency moves and regional input demand all influence results. The mix can provide resilience when one business faces weaker pricing or seasonal pressure.

That context matters for peers, too. Bayer AG BAYRY competes across seed, crop protection and digital farming, making it a useful comparison for integrated agriculture technology exposure. FMC Corporation FMC, with its crop protection focus, offers a cleaner read on chemical demand and pricing conditions.

CTVA Seed Pricing Strengthens Revenue Quality

Corteva’s Seed business delivered 9% organic sales growth in the first quarter of 2026. Price and product mix improved 3%, with gains across all regions, reflecting demand for differentiated technologies and value-based pricing.

This is not simply an acreage story. Brevant retail brand growth, licensing momentum, productivity savings and lower royalty costs are improving revenue quality. Seed operating EBITDA increased 23%, and segment margin expanded about 310 basis points.

Royalty economics are becoming a clearer earnings lever. Corteva recorded a roughly $30 million reduction in net royalty expense in the quarter and now expects Seed to become royalty positive in 2026, ahead of its earlier royalty-neutral target.

Corteva’s Crop Protection Volumes Offset Price Pressure

Crop Protection showed a different pattern. First-quarter revenues rose 10%, while organic sales increased 4%. Volumes improved 6%, with gains in every region, supported by demand for new products and spinosyn insecticides.

Pricing remains the offset. Segment price declined 2%, mainly due to competitive market dynamics in Latin America and Asia Pacific. Management expects low-single-digit Crop Protection pricing pressure to continue through 2026.

The volume picture still supports the segment’s role in Corteva’s portfolio. Herbicide sales increased 19%, insecticide revenues rose 12% and fungicide sales improved 10% in the quarter. Sustained margin improvement will still depend on mix, productivity and cost control.

CTVA's Cost Savings Expand the Earnings Runway

Corteva’s cost actions are extending the earnings runway beyond volume recovery. Operating EBITDA increased 21% year over year to $1.44 billion in the first quarter, while operating EBITDA margin expanded about 240 basis points to more than 29%.

The company generated roughly $70 million of combined productivity and input-cost benefits across Seed and Crop Protection. Lower Seed royalty costs added another tailwind, helping offset higher selling, general and administrative expenses.

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Management reaffirmed its 2026 operating EBITDA outlook of $4.0 billion to $4.2 billion, representing growth of about 7% at the midpoint. The company is also running ahead of its prior three-year, $1 billion cost-reduction plan.

Corteva’s Buy Signal Meets Mixed Style Scores

The bottom line is that Corteva’s two-engine model gives investors both technology-led Seed growth and Crop Protection volume leverage. The planned separation may sharpen that view by allowing the market to evaluate Vylor and the future Corteva separately.

CTVA currently carries a Zacks Rank #2 (Buy), which points to favorable near-term earnings estimate trends. That is a constructive signal for investors who rely on earnings estimate revisions over the next one to three months. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Style Scores are more mixed. CTVA has a Value Score of D, Growth Score of D and VGM Score of D, suggesting the stock does not screen well across those factors. Its Momentum Score of A aligns with recent outperformance, but the weaker Value, Growth and VGM scores argue for a balanced view.

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FMC Corporation (FMC) : Free Stock Analysis Report

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PHILADELPHIA, July 23, 2026 /PRNewswire/ —

FMC Corporation (NYSE: FMC) announced today that its board of directors declared a regular quarterly dividend of 8 cents per share, payable on October 15, 2026, to shareholders of record as of the close of business on September 30, 2026.

About FMC

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

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The market expects Corteva, Inc. (CTVA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

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

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

Zacks Consensus Estimate

This agriculture is expected to post quarterly earnings of $2.22 per share in its upcoming report, which represents a year-over-year change of +0.9%.

Revenues are expected to be $6.61 billion, up 2.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 89.91% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

Earnings Whisper

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

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

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

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

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

How Have the Numbers Shaped Up for Corteva, Inc.?

For Corteva, Inc., the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.81%.

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

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

Does Earnings Surprise History Hold Any Clue?

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

For the last reported quarter, it was expected that Corteva, Inc. would post earnings of $1.18 per share when it actually produced earnings of $1.50, delivering a surprise of +27.12%.

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

Bottom Line

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

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

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

Expected Results of an Industry Player

Another stock from the Zacks Agriculture – Operations industry, FMC (FMC), is soon expected to post earnings of $0.21 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -69.6%. Revenues for the quarter are expected to be $905.01 million, down 13.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for FMC has been revised 4.7% down to the current level. Nevertheless, the company now has an Earnings ESP of -13.25%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #5 (Strong Sell), makes it difficult to conclusively predict that FMC will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

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

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FMC Corporation (FMC) : Free Stock Analysis Report

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

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FMC (FMC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

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

Zacks Consensus Estimate

This chemical producer is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -69.6%.

Revenues are expected to be $909.57 million, down 13.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 4.69% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

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

Price, Consensus and EPS Surprise

Earnings Whisper

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

How Have the Numbers Shaped Up for FMC?

For FMC, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -13.25%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that FMC will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that FMC would post a loss of$0.39 per share when it actually produced a loss of -$0.23, delivering a surprise of +41.03%.

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

Bottom Line

FMC doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

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

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FMC Corporation (FMC) : Free Stock Analysis Report

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

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ESTES PARK, CO / ACCESS Newswire / July 20, 2026 / Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) has commenced exploration activities on its 6,400 Ha Thor project, which covers a large portion of the past-producing Silver Cup Mining District.

With an increased focus on Critical Minerals in British Columbia, including Ottawa's investment of up to $400 Million in Teck's Trail Smelter (located less than 250km from Thor), Taranis is re-examining its existing NI 43-101 Mineral Resource for improved reporting of critical minerals in addition to the silver, gold, copper, lead, and zinc already incorporated into the Mineral Resource. Thor is already known to host several critical metals, including zinc, copper, indium and antimony, although the Mineral Resource database for these critical minerals is only partially complete. This is due to historically low demand for domestic polymetallic resources from domestic smelters, and incompatibility between precious metals analytical packages with other elements. Additional analytical work is now being undertaken on the stored drill core samples (pulps) for germanium. Thor is an unusual polymetallic deposit in that it characteristically contains many valuable recoverable metals that are only recoverable if they are mined as by-product metals.

As on ongoing part of the exploration review of geological and geophysical data at Thor, Taranis has also acquired an additional prospective geophysical target that has increased the size of the Thor Project to 6,613 Ha. Fieldwork is currently being undertaken to gain more insight into the four existing high-priority targets around Thor, and also the numerous old mines and prospects that occur within the 6,400 Ha expanded project.

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 the principal of John J. Gardiner & Associates, LLC which operates in British Columbia under Firm Permit Number 1002256. Mr. Gardiner is the President and CEO of Taranis Resources inc. and has reviewed and approved the comments contained within this News Release.

Taranis currently has 103,739,487 shares issued and outstanding (122,608,613 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: (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 ACCESS Newswire

Albemarle Corporation ALB is strategically executing its projects aimed at boosting its global lithium conversion capacity. The market for lithium batteries and energy storage remains strong, offering significant opportunities for the company to develop innovative products and expand capacity. ALB remains focused on investing in high-return projects to drive productivity. Healthy customer demand, capacity expansion and plant productivity improvements are supporting its volumes. ALB saw higher sales volumes (up 14% year over year) in its Energy Storage unit in the first quarter on the strength of its integrated conversion facilities. The Salar yield improvement project in Chile has achieved a 50% operating rate, and the ramp-up continues to deliver encouraging outcomes. ALB has started the environmental permitting process for a commercial direct lithium extraction project at Salar de Atacama. The ramp-up at the Meishan lithium conversion facility in China is also progressing ahead of schedule. The company’s volumes are expected to continue to be supported by these capacity expansion actions going forward. Among its peers, Sociedad Quimica y Minera de Chile S.A. SQM has a robust balance sheet and generates strong cash flows, which allow it to make investments in driving production capacity. SQM logged strong lithium sales volumes of 69,000 metric tons in the first quarter. The Nova Andino Litio business recorded roughly 19% higher volumes compared to the prior-year quarter, driven by capacity expansion actions. SQM is operating at full capacity at the Mt. Holland mine and concentrator in Australia and continues to ramp up the Kwinana refinery. Rio Tinto Group RIO is making progress with its high-value lithium projects. The fully owned Rincon Lithium Project in Argentina remains on track with commissioning of the starter plant already being completed and ramp-up currently in progress, with full capacity expected by the end of 2026. The Fénix expansion project and Sal de Vida in Argentina, with a capital cost of $0.7 billion each, are mechanically complete with first production expected in second-half 2026. The Nemaska Lithium project, in which Rio Tinto now holds a 53.9% stake with the Government of Québec retaining the balance, is a fully integrated spodumene-to-lithium hydroxide development project comprising the lithium hydroxide plant in Bécancour and the Whabouchi spodumene mine with a production capacity of 32,000 tons. RIO initially acquired a 50% interest in Nemaska Lithium through the buyout of Arcadium in March 2025.

ALB’s Price Performance, Valuation & Estimates

Albemarle has gained 64.7% in the past year compared with the Zacks Chemical – Diversified industry’s decline of 2.8%.

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ALB is currently trading at a forward price-to-sales ratio of 2.32, above the industry. It carries a Value Score of C.

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The Zacks Consensus Estimate for ALB’s 2026 earnings implies a year-over-year rise of 1,753.2%. The EPS estimates for 2026 have been trending higher over the past 60 days.

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ALB stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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CMIF-supported project with Thunder Bay Pulp and Paper and Queen's University to evaluate locally sourced crude tall oil as a potential flotation reagent for lithium processing

Ontario's Critical Minerals Innovation Fund has awarded Rock Tech $262,500 to evaluate and validate the use of locally-sourced crude tall oil, a by-product of Ontario's pulp and paper sector, as a potential flotation reagent for lithium processing, supporting supply chain development and cross-sector collaboration.
The project will be completed in collaboration with Thunder Bay Pulp and Paper and Queen's University, bringing together Ontario-based industrial supply, critical minerals development and research expertise.
The project aims to connect Ontario's forestry and critical minerals sectors by creating a potential new market for forestry-derived products in lithium processing.
The project is intended to evaluate whether locally sourced crude tall oil could support more localized reagent supply, provide data for future technical and economic optimization work and reduce reliance on imported or conventional processing inputs.
The project is intended to evaluate whether locally sourced crude tall oil could, if successfully validated, support more localized and potentially lower-emission battery and critical minerals supply chains, including supply chains relevant to advanced manufacturing and energy storage applications, support future technical and economic optimization work and reduce reliance on imported or conventional processing inputs.
The initiative supports Rock Tech's broader Ontario mine-to-converter strategy, including the Georgia Lake Lithium Project and the proposed Red Rock Lithium Converter, strengthening a made-in-Ontario critical minerals supply chain while creating new opportunities across multiple sectors of the provincial economy.
This marks Rock Tech's second CMIF-supported initiative, following its previously announced ore sorting program, which identified a potential pathway to reduce future crushing and concentrator capital costs by up to 50% based on preliminary test work on representative Georgia Lake material and subject to further engineering, validation and integration into future technical studies.
This project will also evaluate further opportunities to improve efficiency, reduce operating costs and strengthen the economics of the Georgia Lake Project.

TORONTO, July 13, 2026 /CNW/ – Rock Tech Lithium Inc. ("Rock Tech" or the "Company") (TSXV: RCK) (OTCQX: RCKTF) is pleased to announce that it has been awarded $262,500 through Ontario's Critical Minerals Innovation Fund ("CMIF") to evaluate the use of crude tall oil, a by-product of Ontario's pulp and paper industry, as potentially locally sourced flotation reagent for lithium processing.

Crude tall oil may have potential application in mineral flotation processes used during processing to separate lithium-bearing minerals from waste rock, with the objective of improving processing efficiency while supporting a more localized supply chain by leveraging a pulp and paper by-product. This by-product produced by Ontario's pulp and paper sector and could serve as a new way for Ontario's pulp and paper industry to monetize this output while enhancing the sustainability and affordability of lithium processing in Ontario, if successfully validated and incorporated into future project design. Similar to Rock Tech's recently announced completion of its CMIF-supported ore sorting program (refer to Press Release – Rock Tech Advances Georgia Lake Lithium Project, Identifies Potential Pathway to Reduce Processing CAPEX by Up to 50 per cent, dated May 19, 2026), this project is designed to evaluate whether locally sourced crude tall oil could support future processing efficiency, reduce reliance on imported or conventional reagents and inform future cost-optimization work for the Georgia Lake Project.Strengthening Ontario's Critical Minerals Supply Chain Through Innovation

The project arrives at an important moment for Ontario's critical minerals sector, as the Province of Ontario has identified the development of domestic critical minerals supply chains as a strategic priority, including supply chains supporting advanced manufacturing and energy storage.1

The use of crude tall oil as a flotation reagent represents an opportunity to connect two strategically important Ontario industries. By evaluating whether a by-product from the province's forestry sector can be utilized in lithium processing, the project seeks to improve the sustainability and competitiveness of domestic critical minerals production while creating additional value from existing industrial supply chains.

"We're proud to have the continued support of the Government of Ontario through this latest intake of the Critical Minerals Innovation Fund," said Mirco Wojnarowicz, CEO of Rock Tech. "The future of critical minerals competitiveness will be driven not only by what we mine, but by how we process and innovate. This project brings together Ontario's strengths in critical minerals, forestry, and research to evaluate a practical solution that could reduce emissions, strengthen project economics and create new opportunities for domestic industry. It demonstrates how innovation can help build a more resilient critical minerals supply chain – here in Canada and among allied countries."

__________________________1 https://news.ontario.ca/en/release/1007581/ontario-takes-action-to-build-critical-minerals-supply-chain

Government, Industry, and Research Working Together

With support from the Province of Ontario through the CMIF, Rock Tech and its project partners will evaluate a practical innovation with direct commercial application. The initiative brings together public investment, industrial expertise, and research capacity to explore technologies that may improve competitiveness while supporting the development of cleaner and more efficient processing methods.

"Northwestern Ontario has the people, resources, and expertise needed to lead the next generation of critical mineral development. This investment will help strengthen connections between our mining and forestry sectors while supporting innovation right here in our region," said Kevin Holland, MPP for Thunder Bay–Atikokan. "I'm pleased to see Rock Tech, Thunder Bay Pulp and Paper, and Queen's University working together on a project that has the potential to create new opportunities for local industry and strengthen Ontario's critical mineral supply chain. Investments through the Critical Minerals Innovation Fund are helping ensure that the economic benefits of resource development stay in Northern Ontario, creating jobs and supporting long-term growth for our communities."

"This CMIF investment supports an ongoing collaboration between the Critical Minerals Processing Lab at Queen's University and Rock Tech, advancing lithium process development in Ontario." said Charlotte Gibson, Assistant Professor and Associate Head at Queen's University's Robert M. Buchan Department of Mining. "We are excited to continue working with Rock Tech on this important initiative, which has the potential to establish local reagent supply chains, improving the sustainability and resilience of lithium production in the province."

The project also highlights the growing opportunity to strengthen ties between Ontario's natural resource sectors. By creating potential new demand for forestry-derived products within critical minerals processing, the initiative will support the province's industrial diversification, domestic supply chains, and economic prosperity.

Supporting Rock Tech's Ontario Mine-to-Converter Strategy

The project forms part of Rock Tech's broader Ontario strategy, which includes the Georgia Lake Project and the proposed Red Rock Converter in Northwestern Ontario.

Together, these projects are intended to support a vertically integrated, made-in-Ontario lithium supply chain linking domestic resource development with downstream processing capacity. As demand for battery materials continues to grow across North America and Europe, including supporting an expanding range of capabilities in the defence sector, innovative initiatives like this may help strengthen the competitiveness, sustainability and long-term resilience of Ontario's critical minerals sector and broader economy.

TECHNICAL DISCLOSURE

The scientific and technical information in this news release has been reviewed and approved by Cameron Andrews, P.Eng., General Manager, Canada for Rock Tech Lithium, a "qualified person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

The project described in this news release is intended to evaluate crude tall oil, a by-product of Ontario's pulp and paper industry, as a potential flotation reagent for lithium processing. No new mineral resource estimate, mineral reserve estimate, metallurgical test results, preliminary economic assessment, pre-feasibility study or feasibility study are being disclosed in this news release. The potential processing applications and benefits described herein are preliminary in nature and remain subject to completion of test work, validation and further engineering review.

The reference to the Company's previously announced ore-sorting program and the potential pathway to reduce future crushing and concentrator capital costs by up to 50% is based on the Company's prior disclosure dated May 19, 2026, and remains subject to the qualifications, assumptions and limitations described therein. No new ore-sorting test results or updated capital cost estimates are being disclosed in this news release.

About Rock Tech Lithium

Rock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The Company's goal is to ensure the supply of high-quality, locally produced lithium – supporting a resilient, sustainable, and transparent value chain from mine to battery-grade material.

Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The Company's lithium converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 32,000 tonnes LCE per year) form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a Strategic Project under the EU Critical Raw Materials Act.

The raw materials for Rock Tech's converter projects are intended to be sourced exclusively from verifiably ESG-compliant suppliers. In Canada, Rock Tech relies, among other sources, on its wholly-owned Georgia Lake Project, which ensures a stable and sustainable supply for the North American market and is being developed in close partnership with local Indigenous communities. By integrating recycled materials, the Company aims to close the local battery loop.

With its facilities, Rock Tech intends to contribute to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information relating to, among other things: the receipt and use of funding from Ontario's Critical Minerals Innovation Fund; the completion, timing, scope and results of the crude tall oil evaluation project; the Company's collaboration with Thunder Bay Pulp and Paper, Queen's University and other project partners; the potential use of crude tall oil as a flotation reagent in lithium processing; the potential benefits of crude tall oil for processing efficiency, reagent supply, emissions, supply-chain localization, cost reduction and future technical and economic optimization work; the potential integration of the project results into future technical studies, engineering work or development plans for the Georgia Lake Lithium Project; the Company's previously announced ore-sorting program and the potential benefits thereof; the Company's broader Ontario mine-to-converter strategy, including the Georgia Lake Project and the proposed Red Rock Lithium Converter; the Company's proposed Guben and Ontario converter projects; the development of domestic and North American critical minerals supply chains; and the potential contribution of the Company's projects and initiatives to Ontario's battery, critical minerals, and advanced manufacturing and energy storage chains.

Forward‑looking information is based on management's reasonable assumptions, estimates, expectations and opinions as of the date of this news release. Such assumptions include, without limitation: that the Company will receive and be able to apply the CMIF funding as anticipated; that the Company and its project partners will complete the planned test work as anticipated; that crude tall oil will be available in sufficient quantity and quality for testing; that crude tall oil may be capable of being evaluated as a potential reagent in lithium flotation applications; that test work results may be capable of being assessed for potential integration into future technical studies; that additional engineering, metallurgical and economic analysis will support continued development of the Georgia Lake Project; that required regulatory, environmental and other approvals will be obtained in a timely manner; that contractors, suppliers, equipment, project partners and technical personnel will be available on reasonable terms; that financing will be available to support the Company's development plans; and that market conditions, including lithium prices and demand for battery materials, will remain supportive of project development.

Neither the TSX venture exchange nor its regulation services provider (as that term is defined in policies of the TSX venture exchange) accepts responsibility for the adequacy or accuracy of this release.

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VANCOUVER, BC / ACCESS Newswire / July 9, 2026 / Apex Critical Metals Corp. (CSE:APXC)(OTCQX:APXCF)(Euronext Access Paris:MLAPX)(FWB:KL9) ("Apex" or the "Company"), a mineral exploration company focused on advancing its strategic 100%-controlled Rift Rare Earth Project (the "Rift Project") within the Elk Creek Carbonatite Complex in southeastern Nebraska, U.S.A., is pleased to announce that Euronext Paris has approved the admission of the Company's common shares (ISIN: CA03753D1042, CUSIP: 03753D104) (the "Common Shares") for trading on Euronext Access Paris. Trading of the Common Shares on Euronext Access Paris is expected to commence on July 9, 2026 under the symbol "MLAPX".

"We are pleased to achieve this important milestone in the Company's growth and capital markets strategy," said Sean Charland, President and CEO of Apex. "The admission of our Common Shares to trading on Euronext Access Paris expands our presence in European capital markets and is expected to increase awareness of Apex among a broader range of investors as we continue to advance our corporate objectives."

The Euronext Access Paris listing is expected to provide the Company with increased visibility among European investors, broaden its shareholder base and enhance liquidity for its Common Shares. The listing will complement the Company's existing listing on Canadian Securities Exchange (CSE) and Frankfurt Stock Exchange, providing investors in Europe with greater access to trading in the Common Shares. There is no offering being conducted with the listing of Common Shares on Euronext Access Paris and existing shareholders are not required to take any action in connection with the listing. The Common Shares will continue to trade on the CSE under the symbol "APXC", the OTCQX under the symbol "APXCF" and the Frankfurt Stock Exchange under the symbol "KL9". The admission of the Common Shares to trading on Euronext Access Paris is not expected to affect the Company's reporting obligations in Canada, and Apex will continue to comply with all applicable Canadian securities laws and the requirements of the CSE.

Sponsors and Advisors

In connection with the Euronext Access Paris listing, Armanext Asesores, S.L. acted as listing sponsor to the Company and assisted Apex throughout the admission process. Zeus Capital Ltd. served as an advisor to Apex in connection with the listing and related capital markets initiatives. Cozen O'Connor LLP acted as Canadian legal counsel to Apex, advising the Company on Canadian legal and securities law matters associated with the admission of its Common Shares to trading on Euronext Access Paris.

About Euronext Access Paris

Euronext Access Paris is a market operated by Euronext Paris designed to provide companies with access to European capital markets and increased exposure to international investors. Through its admission to trading on Euronext Access Paris, Apex expects to strengthen its profile within the European investment community and provide an additional trading venue for investors seeking exposure to the Company.

There is no offering of Common Shares under this news release, and this news release does not constitute an offer to sell or the solicitation of an offer to buy Common Shares or any securities of the Company, nor shall there be any sale by the Company of any of its securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Apex Critical Metals Corp. (CSE:APXC)(OTCQX:APXCF)(FWB:KL9)

Apex Critical Metals Corp. is a Canadian exploration company focused on advancing rare earth element (REE) and niobium projects that support the growing demand for critical and strategic metals across the United States and Canada. The Company's flagship Rift Project, located within the highly prospective Elk Creek Carbonatite Complex in Nebraska, U.S.A., hosts extensive rare earth rights surrounding one of North America's most advanced niobium deposits. Two historical drillholes located within the 700 m corridor of interest returned broad intervals of >2.00% REO, with higher grade (>3.00% REO) intervals within. The Company's 2026 drilling has continued to demonstrate this grade profile and have expanded the footprint of the high-grade mineralization ("Trinity Zone) over approximately 380 m from the historical drillholes to-date. Additionally, drilling has delineated a new deeper horizon ("Neo Zone") of strongly elevated NdPr beneath the high-grade material with NdPr distributions between 30-50%. For more information, please see the Company's news releases dated April 7, 2026, April 28, 2026, May 6, 2026 and May 15, 2026, which are available under the Company's issuer profile on SEDAR+ (available at www.sedarplus.ca).

In Canada, Apex continues to advance its 100%-owned Cap Project, located 85 kilometres northeast of Prince George, British Columbia. The 2025 drill program confirmed an emerging niobium discovery with 0.59% Nb₂O₅ over 36 metres, including 1.08% Nb₂O₅ over 10 metres, within a 1.8-kilometre-long niobium trend. The Cap Project continues to demonstrate strong potential for niobium mineralization within a large and previously unrecognized carbonatite system. For more information, please see the Company's news releases dated August 27, 2025, November 12, 2025, December 31, 2025 and June 30, 2026, which are available under the Company's issuer profile on SEDAR+ (available at www.sedarplus.ca).

With a growing portfolio of critical mineral projects in both Canada and the United States, Apex Critical Metals is strategically positioned to help strengthen domestic supply chains for the minerals essential to advanced technologies, clean energy, and national security. Apex is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC and quoted on the OTCQX market in the United States under the symbol APXCF, and in Germany on the Frankfurt Stock Exchange under the symbol KL9 and/or WKN: A40CCQ. Find out more at www.apexcriticalmetals.com and watch our videos at https://apexcriticalmetals.com/apex-critical-metals-corporate-video/ and make sure to stay in touch by signing up for free news alerts at https://apexcriticalmetals.com/news/news-alerts/, or by following us on X (formerly Twitter), Facebook or LinkedIn.

On Behalf of the Board of Directors of

APEX CRITICAL METALS CORP.

Sean CharlandChief Executive OfficerTel: 604.681.1568Email: info@apexcriticalmetals.com

Neither the Canadian Securities Exchange (CSE) nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release may contain "forward-looking information" as defined under applicable Canadian securities legislation and "forward-looking statements" as defined under applicable United States securities laws (collectively, "forward-looking statements"). Forward-looking statements are frequently identified by words such as "expects", "anticipates", "believes", "intends", "plans", "estimates", "may", "will", "would", "could", "should", "continue", "potential", "opportunity", and similar expressions.

Forward-looking statements in this news release include, without limitation, statements regarding: the admission of the Common Shares to trading on Euronext Access Paris; the anticipated commencement date of trading on Euronext Access Paris; the anticipated trading symbol for the Common Shares on Euronext Access Paris; the expected benefits of the Euronext Access Paris listing, including increased visibility, liquidity and access to European investors; the Company's ability to broaden its shareholder base; and the Company's future business plans, objectives and growth strategy.

Forward-looking statements are based on management's current expectations, estimates, projections and assumptions as of the date of this news release. Such assumptions include, among other things, that all conditions to the commencement of trading on Euronext Access Paris will be satisfied in a timely manner, that the Company will continue to comply with applicable listing and securities laws requirements, and that general business, economic, market and regulatory conditions will remain consistent with current expectations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation: delays in or failure to satisfy final conditions to the commencement of trading on Euronext Access Paris; changes in applicable laws, regulations or exchange requirements; adverse capital market conditions; fluctuations in equity markets; changes in investor demand or sentiment; risks relating to the Company's business and exploration activities; the availability of financing on acceptable terms or at all; and the other risks and uncertainties disclosed in the Company's public disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive and that undue reliance should not be placed on forward-looking statements.

Forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

SOURCE: Apex Critical Metals Corp.

View the original press release on ACCESS Newswire

VANCOUVER, BC / ACCESS Newswire / July 9, 2026 / Stillwater Critical Minerals Corp. (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company", or "Stillwater") is pleased to announce commencement of its largest exploration program to date at the Stillwater West critical minerals project in Montana, including the addition of a third drill rig, mobilization of field crews, and multiple technical initiatives supporting continued resource growth and project advancement.

In parallel, the Company's updated Mineral Resource Estimate ("2026 MRE") is in the final stages of resource estimation and independent review. The scope of work associated with the updated estimate has grown substantially from the January 2023 MRE through the incorporation of results from multiple drilling campaigns and expanded geological modelling across multiple deposits at Stillwater West.

The Company has engaged Fleet Space Technologies to conduct a passive seismic Ambient Noise Tomography (ANT) survey at the Stillwater West project, focused on imaging the lower stratigraphy and structural architecture of the Stillwater Igneous Complex. The Company has also engaged Simcoe Geoscience to infill surface Induced Polarization (IP) lines within the Chrome Mountain and Iron Mountain resource areas, as shown in Figure 1.

Primary objectives of the expanded 2026 field program include:

Expansion of existing near-surface resources at Chrome Mountain and Iron Mountain, the Company's primary resource growth areas, and other priority areas as shown in Figure 2;
Continued targeting of higher-grade nickel-copper-PGE sulphide and polymetallic mineralization within the existing resource footprint;
Follow-up drilling on priority geophysical and geological targets identified through the Company's district-scale targeting programs;
Completion of targeted ground geophysical surveys to refine existing deposit expansion targets and generate additional exploration drill targets across the project area;
Testing new zones of sulphide mineralization within the lower Stillwater Igneous Complex; and
Supporting future technical and economic studies through continued resource growth and geological de-risking.

Together, these initiatives are designed to advance the Company's understanding of the district while supporting continued resource growth and future project development.

Michael Rowley, President and CEO of Stillwater Critical Minerals, commented "We are pleased with the progress being made across multiple aspects of the project. The updated Mineral Resource Estimate represents a substantial body of technical work that incorporates several years of drilling, geological modelling and resource evaluation. The 2026 program integrates resource expansion drilling, advanced geophysics and geological modelling in support of the 2026 MRE and future technical studies. We believe this integrated approach positions Stillwater West well for continued resource growth and future technical studies."

Dr. Danie Grobler, Vice-President Exploration, commented "Our geoscientific exploration team is focused on expansion of the two near-surface large, mineralized zones discovered on the eastern side of Chrome Mountain (Bald Hills), and to follow-up on our 2025 success connecting the CZ-Central-HGR resource areas at Iron Mountain. Both areas contain shallow broad zones of magmatic sulfide-rich mineralization that is expected to further expand our soon-to-be released 2026 MRE. Our planned geophysical surveys include ground Induced Polarization (IP) and ground magnetics. The IP survey will infill previous surveys to constrain chargeable and conductive anomalies while the ground magnetic lines are orientated to identify high-grade structurally controlled N-structures. A large Ambient Noise Seismic Tomography survey is planned to cover large portions of our project area across Chrome Mountain and Iron Mountain. Stillwater has extensive geological, geophysical, geochemical and drilling datasets that will be integrated with Fleet's seismic-led workflow for exploration intelligence. The partnership will combine Stillwater's existing data with Fleet's ANT and ExoSphere Discovery's Machine Learning to deliver a 3D velocity-constrained, confidence-mapped exploration model. The program is designed to deliver a more complete picture and improved understanding of the subsurface to rapidly build a geological framework, prioritize prospective target volumes and quantify uncertainty predictions needed for confident capital allocation, drilling and development decisions."

Strategic Positioning

The Company believes that Stillwater West represents one of the largest undeveloped polymetallic critical mineral systems in the United States. The project hosts large-scale resources containing ten minerals identified as critical by the U.S. government and benefits from excellent infrastructure, access to power, water, rail and skilled labour within an established mining district. Results from the 2026 program are expected to contribute to ongoing resource growth, further definition of higher-grade mineralization, and the advancement of future development studies aimed at evaluating potential mining scenarios within the district.

Stillwater West hosts mineralization containing 1.6 billion pounds ("Blbs") of nickel, copper, and cobalt, 3.8 million ounces of platinum, palladium, rhodium, and gold, 2.3 Blbs of defined chromium plus undefined quantities of ruthenium and iridium. The project is located adjacent to Sibanye-Stillwater's producing operations in Montana's historic Stillwater mining district, providing access to established infrastructure, workforce, and mining expertise.

The Company expects to provide regular updates throughout the 2026 field season and looks forward to the release of the 2026 MRE in the near-term.

Upcoming Events

Company representatives will be attending the following events to discuss upcoming catalysts:

1)		Montana Mining Association Annual Meeting 2026 – Butte, MT, USA, July 13-15, 2026.
2)		Commodities Global Expo – Tempe, AZ, USA, September 18-20, 2026.
3)		Precious Metals Summit – Beaver Creek, CO, USA, September 22-25, 2026.

About Stillwater Critical Minerals Corp.

Stillwater Critical Minerals (TSXV:PGE)(OTCQB:PGEZF)(FSE:J0G) is a mineral exploration and development company advancing its 100%-owned Stillwater West Ni-PGE-Cu-Co-Cr + Au project in the Stillwater mining district of Montana, USA. Stillwater West is directly adjacent to Sibanye-Stillwater's operating Stillwater mines and processing infrastructure, the only primary platinum group element-producing complex in the United States. An NI 43-101 Mineral Resource Estimate released in January 2023 positions Stillwater West as one of the largest nickel and platinum group element resources in the United States and contains ten minerals currently listed as critical in the United States. With strategic investments by Glencore and an experienced technical team with expertise in Bushveld- and Platreef-style systems, the Company is advancing Stillwater West through ongoing resource expansion and technical studies.

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director – Stillwater Critical MineralsEmail: info@criticalminerals.com Phone: (604) 357 4790Web: http://criticalminerals.com Toll Free: (888) 432 0075

Forward-Looking Statements

This news release includes certain statements that may be deemed "forward-looking statements" or "forward-looking information". In particular, this press release contains forward-looking information relating to, among other things, the interpretation of exploration results, the potential for resource expansion, the timing and results of future resource estimates (including the targeted H1 2026 updated MRE), the timing and success of exploration activities, permitting timelines, and future plans and objectives of the Company. All statements in this release, other than statements of historical facts, are forward-looking statements that involve various risks and uncertainties. Although Stillwater Critical Minerals believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. For more information on Stillwater Critical Minerals and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedarplus.ca.

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

SOURCE: Stillwater Critical Minerals Corp.

View the original press release on ACCESS Newswire

Toronto, Ontario–(Newsfile Corp. – July 7, 2026) – Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending June 30, 2026.

Table 1: Olive's Investment Portfolio

Name	Ticker	Sector	Category	(Audited) Value	(Unaudited) Value	(Unaudited) Value
Name	Ticker	Sector	Category	Dec 31, 2025(1)	May 31, 2026(1)	June 30, 2026(1)
Omai Gold Mines Corp.(2)	OMG.v	Precious Metals	Public Equity	$3,504,200	$6,733,070	$5,531,630
Black Sheep Ventures Inc.	Private	Real Estate	Private Equity & Conv. Debenture	$1,527,912	$1,514,543	$1,517,831
Goldsky Resources Corp. (inc. Warrants)	GSKR.v	Precious Metals	Public Equity	$296,829	$864,280	$675,800
Sun Valley Minerals Inc.(2)	Private	Precious Metals	Private Equity	$375,000	$562,500	$562,500
West Point Gold Corp.(2)	WPG.v	Precious Metals	Public Equity	$515,551	$456,207	$526,678
GeoPark Ltd.	GPRK	Oil & Gas	Public Equity	$203,123	$523,289	$491,382
Bravo Mining Corp.	BRVO.v	Precious Metals	Public Equity	$601,250	$532,704	$452,600
Valhalla Metals Inc.	VMXX.v	Base Metals	Public Equity	–	$310,000	$408,700
Hudbay Minerals Inc.	HBM	Base Metals	Public Equity	–	–	$405,229
Freehold Royalties Ltd.	FRU	Royalty	Public Equity	$240,002	$403,172	$400,024
Other Public Equity Liquid Investments and Cash Equivalents (3)				$2,405,283	$4,119,171	$4,013,927
Other Public Equity Fundamental Investments Incl. Warrants (4)				$5,716,877	$4,069,647	$2,661,138
Other Private Equity, Loans, & Convertible Debenture Investments				$1,087,181	$1,162,449	$1,209,380
Total				$16,473,208(5)	$21,251,033(5)	$18,856,818(5)

For publicly listed investments traded on recognized exchanges, valuation is based on closing trading prices. For private equity investments, valuation is per the most recent financial statements. For Convertible Debentures, valuation is per the most recent financial statements, adjusted for interest accruals and convertibility value.

Derek Macpherson, Executive Chairman of Olive Resource Capital is a Director of this issuer (Omai; West Point). Samuel Pelaez, CEO of Olive Resource Capital is a Director of this issuer (Sun Valley).

Olive defines Liquid Investments as investments whose position can be liquidated in less than one day's average trading volume for that security. This measure also includes cash and cash equivalents; but does not include adjustments for working capital and liabilities. Olive invites the reader to refer to its most recent financial statements available on its website; www.olive-resource.com for details on the Company's liabilities.

Out of the Money Warrants are valued using Black Scholes with 35% volatility, and 3% interest rate. In the Money Warrants are valued at their intrinsic value.

The increase in value from December 31, 2025 is primarily as a result of stock price appreciation of the investments.

Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "Crude oil and copper were the best performing major commodities in the first half of 2026. Conversely, precious metals posted negative performance for the same period after strong gains in the 2025. Equities generally tracked their reference commodity prices. With the best seasonal period for natural resource equities already behind us, at Olive we continue to deploy capital cautiously, and in companies with tangible catalysts."

Derek Macpherson, the Company's Executive Chairman stated: "June was a challenging month for resource commodities and the related equities; however, Olvie's above average cash position, along with the strength of the portfolio reduced the impact on portfolio value. Reduced geopolitical risk, particularly with respect to energy, have stabilized the markets and risk appetites, resulting in strong performance in resource equities early in July."

Normal Course Issuer Bid ("NCIB")

During the month of June, the Company repurchased 16,000 common shares pursuant to the NCIB. As of the date of this release, the Company holds 4,016,000 common shares in treasury pending cancellation.

As of the date of this release Olive Resource Capital Inc. has 107,207,209 common shares outstanding inclusive of the shares in treasury pending cancellation.

About Olive Resource Capital Inc.:Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.

For further information, please contact:

Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com. Olive's website is located at www.olive-resource.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.

This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304218

Highlights also include 50m at 2.55 g/t PGM+Au 0.20% Ni, and 6m at 13.5 g/t PGM+Au + 0.21% Ni

TORONTO, July 6, 2026 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") is pleased to report drill assay results from twelve drill holes in the Central Sector and one from the Crescent Zone at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga deposit" or "Luanga PGM+Au+Ni deposit"), located in the Carajás Mineral Province, Pará State, Brazil.

"Further results from infill and extensional drilling in the Central Sector continue to demonstrate potential to expand and upgrade Luanga's mineral resource. The drill results reported herein consistently show grades and thicknesses that, for the most part, exceed those from shallower drilling. The sections presented in this release also illustrate the Central Sector's strong continuity and consistent thickness as we drill deeper toward the limits of open pit mining," said Luis Azevedo, Chairman and CEO. "We are also pleased to advise commencement of a 50-line Km Cu-Au induced polarization ("IP") geophysical program over numerous targets across Luanga."

Highlights Include:

The 2026 infill and extensional drill program continues to progress well and on schedule, with results from the Central Sector continuing to support the objectives of expanding mineralization at depth and increasing drill density with the objective of upgrading existing mineral resources from Inferred to Indicated categories.
Results reported demonstrate a continuing trend of deeper drilling encountering similar or greater mineralized thicknesses, with comparable or higher PGM+Au grades, commonly associated with increased Ni sulphide grades in the main sulphide zone ("MSZ").
These results extend the drill-defined mineralization from approximately 200m to approaching 300m below surface.
Cu-Au Exploration: To date approximately 3 line-km of IP surveying has been completed, with a further 17 line-km cleared and prepared for the Cu-Au focused IP geophysical survey, with approximately 50km planned overall. The geophysical contractor commenced the IP survey on June 16th.
Results are pending for additional drill holes along strike at the Cresent Zone, where further drilling is ongoing.

HOLE-ID	From (m)	To (m)	Thickness (m)	Au (g/t)	Pt (g/t)	Pd (g/t)	Rh (g/t)	PGM+Au (g/t)	Ni (%) Sulphide*	Cu (%) Sulphide	TYPE
DDH26LU312	259.25	310.25	51.00	0.07	0.84	2.61	0.140	3.67	0.33	0.04	FR
Including	285.25	308.25	23.00	0.06	1.29	4.04	0.210	5.59	0.44	0.04	FR
DDH26LU313	140.00	145.00	5.00	0.04	1.78	4.09	0.270	6.18	0.15	0.01	FR
DDH26LU314	168.20	197.20	29.00	0.02	0.74	1.23	0.130	2.12	0.12	0.01	FR
DDH26LU315	179.65	187.45	7.80	0.21	1.12	3.01	0.180	4.52	0.14	0.02	FR
And	192.00	198.00	6.00	0.36	3.44	9.14	0.570	13.50	0.21	0.01	FR
DDH26LU316	296.60	346.60	50.00	0.02	0.56	1.89	0.088	2.55	0.20	0.01	FR
And	37.86	69.20	31.34	0.08	1.13	1.76	0.227	3.20	0.15	0.01	FR
And	75.90	83.10	7.20	0.02	1.60	1.86	0.552	4.03	0.08	0.04	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 108% to 125% of true thickness in the Central Sector.
	Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
	* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel.

Luanga Drilling Update

Results from thirteen diamond drill holes have been received; twelve from the Central Sector and one from the Crescent Zone of the Luanga PGM+Au+Ni deposit. All drill holes reported herein are angled holes (-60 degrees), towards an azimuth of 330°, except for DDH26LU330 which is angled towards 090°. Together, this set of drill holes comprise a total of 3,594 metres of diamond drilling.

Section 1 (Figure 1) in the Central Sector shows results from extensional drilling in the Central Sector, extending the drill-defined portion of the MSZ mineralization from approximately 200m to closer to 300m below surface. Drilling on this section aims to support the potential upgrade a portion of the inferred mineral resources that exist below DDH24LU282 into indicated mineral resources, while simultaneously supporting the definition of potential new inferred mineral resources below hole DDH26LU312.

Results from DDH26LU312 continue the trend of deeper drilling intersecting similar or greater mineralized thicknesses, with comparable of higher PGM+Au grades and commonly increasing Ni sulphide grades, in the MSZ as compared to shallower drilling. In addition, the mineralized zone in DDH26LU312 also contains a well-defined high-grade core, returning 23m at 5.67 g/t PGM+Au (plus 0.44% Ni), consistent with other intercepts throughout the Central Sector. Mineralization remains open at depth.

Section 2 (Figure 2) in Central Sector is an infill drilling section, where all drill holes but DDH24LU289 are new. In this section, the MSZ mineralization is now defined to approximately 300m below surface. Drilling on this section also aims to support upgrading inferred resources to the indicated category while potentially adding new inferred resources at depth. Following the sequence of drilling from surface to depth (Figure 2), results also continue the trend of deeper drilling encountering comparable or higher PGM+Au grades, while mineralized thicknesses remain consistently similar across all five holes on the section.

Section 3 (Figure 3) in Central Sector shows an extensional drill section, where DDH26LU310 has been added, stepping back 100m behind earlier (2022-2023) Bravo drilling. The MSZ mineralization again continues in the same predictable fashion at depth. In this section, new drilling (DDH26LU310) extends the MSZ definition from a previously shallow depth of approximately 130m to approximately 200m below surface, with further potential to extend mineralization to depth, where it remains open. While the MSZ is slightly narrower than in drill holes DDH23LU186 and DDH23LU154 above, DDH26LU310 again demonstrates a significant increase in PGM+Au grades at depth.

Crescent Zone

Assay results received from a single hole (DDH26LU311) at the Crescent Zone did not intercept any significant mineralization. Results are pending for other drill hole further along strike at the Cresent Zone, and additional drilling is planned.

Cu-Au Exploration

To date, 3 line-km of IP surveying have been completed, and a further 17 line-km's have been prepared across selected prospective Cu-Au targets for the approximately 50 line-km IP geophysical survey. The geophysical contractor commenced the survey on June 16th.

Drill Results Status Update

In total, 417 drill holes have been completed by Bravo to date, for 90,105 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 377 Bravo drill holes to date. Assay results for 32 holes are currently outstanding (excluding the metallurgical holes), which mostly relate to exploration drilling outside the Luanga PGM+Au+Ni resource area. In total, 58 trenches have been completed to date (for 10,901 metres), with results from 6 trenches currently pending.

Complete Table of Recent Intercepts.

HOLE-ID	From (m)	To (m)	Thickness (m)	Au (g/t)	Pt (g/t)	Pd (g/t)	Rh (g/t)	PGM+Au (g/t)	Ni (%) Sulphide*	Cu (%) Sulphide	TYPE
DDH26LU301	23.00	34.90	11.90	0.08	0.24	0.65	0.030	1.01	0.29	0.18	FR
And	50.10	57.10	7.00	0.01	0.40	1.00	0.130	1.55	0.30	0.02	FR
And	78.10	86.10	8.00	0.04	0.68	1.79	0.110	2.62	0.28	0.03	FR
And	90.10	92.10	2.00	0.02	0.48	1.14	0.060	1.69	0.18	0.01	FR
And	106.10	110.10	4.00	0.02	0.39	0.82	0.250	1.48	0.19	0.02	FR
And	113.10	118.10	5.00	0.20	0.57	1.55	0.130	2.45	0.26	0.04	FR
And	128.80	147.10	18.30	0.05	0.23	0.69	0.030	1.01	0.15	0.02	FR
And	241.60	289.60	48.00	0.00	0.30	0.30	0.020	0.63	0.01	0.01	FR
DDH26LU310	71.90	73.90	2.00	0.08	0.36	0.83	0.000	1.28	0.07	0.04	FR
And	138.42	142.60	4.18	0.13	0.38	1.96	0.180	2.64	0.22	0.01	FR
And	191.20	216.20	25.00	0.04	0.66	0.94	0.110	1.75	0.11	0.01	FR
And	232.20	234.20	2.00	0.00	0.43	0.63	0.090	1.15	0.02	0.01	FR
And	245.20	249.20	4.00	0.00	0.29	0.45	0.020	0.77	0.13	0.03	FR
DDH26LU311	NSI**
DDH26LU312	245.25	255.25	10.00	0.08	0.23	0.68	0.030	1.02	0.16	0.06	FR
And	259.25	310.25	51.00	0.07	0.84	2.61	0.140	3.67	0.33	0.04	FR
Including	285.25	308.25	23.00	0.06	1.29	4.04	0.210	5.59	0.44	0.04	FR
And	314.25	324.25	10.00	0.01	0.29	0.24	0.010	0.55	0.01	0.03	FR
And	340.25	349.25	9.00	0.01	0.20	0.59	0.000	0.80	0.02	0.01	FR
DDH26LU313	16.55	24.38	7.83	0.01	0.25	0.60	0.000	0.86	NA*	NA*	OX
And	108.50	119.38	10.88	0.01	0.23	0.63	0.070	0.94	0.23	0.01	FR
And	128.88	132.38	3.50	0.02	0.43	1.16	0.070	1.69	0.19	0.01	FR
And	140.00	145.00	5.00	0.04	1.78	4.09	0.270	6.18	0.15	0.01	FR
DDH26LU314	56.60	59.30	2.70	0.16	0.29	0.78	0.000	1.23	0.20	0.03	FR
And	168.20	197.20	29.00	0.02	0.74	1.23	0.130	2.12	0.12	0.01	FR
And	207.20	211.20	4.00	0.02	0.58	0.73	0.090	1.42	0.05	0.01	FR
DDH26LU315	71.54	85.45	13.91	0.08	0.24	0.61	0.000	0.94	0.13	0.02	FR
And	140.86	152.83	11.97	0.07	0.24	0.64	0.030	0.98	0.12	0.04	FR
And	179.65	187.45	7.80	0.21	1.12	3.01	0.180	4.52	0.14	0.02	FR
And	192.00	198.00	6.00	0.36	3.44	9.14	0.570	13.50	0.21	0.01	FR
DDH26LU316	296.60	346.60	50.00	0.02	0.56	1.89	0.088	2.55	0.20	0.01	FR
And	369.60	386.60	17.00	0.00	0.34	0.40	0.006	0.75	0.02	0.01	FR
And	431.60	435.60	4.00	0.01	1.06	0.29	0.316	1.67	0.01	0.01	FR
DDH26LU317	15.00	26.70	11.70	0.67	0.12	0.32	0.001	1.11	NA*	NA*	OX
And	206.82	220.80	13.98	0.13	0.19	0.76	0.041	1.12	0.13	0.06	FR
And	275.70	279.70	4.00	0.01	0.39	0.54	0.078	1.02	0.05	0.01	FR
And	291.70	303.70	12.00	0.02	0.55	0.69	0.111	1.37	0.08	0.01	FR
DDH26LU318	15.00	20.00	5.00	0.06	0.24	0.57	0.008	0.87	NA*	NA*	OX
And	55.55	61.09	5.54	0.11	0.20	0.56	0.003	0.87	0.11	0.06	FR
And	94.10	97.10	3.00	0.23	0.38	1.05	0.004	1.66	0.23	0.17	FR
And	100.10	102.10	2.00	0.11	0.20	0.53	0.002	0.85	0.16	0.05	FR
And	223.12	266.05	42.93	0.01	0.24	0.75	0.043	1.05	0.19	0.01	FR
And	317.05	338.05	21.00	0.01	0.28	0.27	0.003	0.56	0.02	0.01	FR
DDH26LU319	63.90	73.90	10.00	0.01	0.35	0.21	0.038	0.60	0.10	0.01	FR
And	76.90	81.90	5.00	0.01	0.63	0.69	0.038	1.37	0.16	0.01	FR
And	111.00	112.00	1.00	0.02	0.00	0.01	0.001	0.03	1.08	2.04	FR
And	206.60	212.60	6.00	0.05	2.16	4.20	0.337	6.75	0.08	0.01	FR
DDH26LU320	30.30	34.30	4.00	0.03	0.29	0.38	0.061	0.76	0.09	0.04	FR
And	52.85	55.90	3.05	0.02	0.22	0.44	0.041	0.72	0.15	0.01	FR
And	63.90	66.90	3.00	0.07	0.72	1.33	0.153	2.28	0.12	0.01	FR
DDH26LU330	2.00	4.00	2.00	0.03	2.28	1.69	0.345	4.35	NA*	NA*	OX
And	37.86	69.20	31.34	0.08	1.13	1.76	0.227	3.20	0.15	0.01	FR
And	75.90	83.10	7.20	0.02	1.60	1.86	0.552	4.03	0.08	0.04	FR
And	89.10	101.10	12.00	0.01	0.39	0.49	0.037	0.93	0.04	0.01	FR
And	122.50	126.70	4.20	0.03	0.94	0.82	0.138	1.93	0.03	0.01	FR
And	139.85	151.85	12.00	0.03	0.64	0.69	0.107	1.47	0.03	0.01	FR
And	202.55	204.35	1.80	0.01	0.40	0.87	0.030	1.30	1.41	0.29	FR
And	215.33	220.30	4.97	0.03	0.25	0.98	0.027	1.28	1.00	0.37	FR
including	215.33	218.00	2.67	0.05	0.42	1.60	0.041	2.11	1.75	0.68	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 108% to 125% of true thickness in the Central Sector.
	Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
	* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel.
	** NSI = No significant intercept

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga Project in the Carajás Mineral Province, Pará State, Brazil. Bravo is one of the most active explorers in Carajás.

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

The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and hydroelectric grid power. Bravo's current Environmental, Social and Governance activities include planting more than 55,000 high-value trees in and around the project area and hiring and contracting locally.

Technical Disclosure

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

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

Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "aim", "expand", "upgrade", "consistently", "exceed", "robust", "continuous", "encourage", "improve", "potential", "high-grade", "better", "increase", "advance", "most active", "benefit", "significant", "consistent", "frequent", "comparable", "possibility", "prospective", "remains open", "objective", "appear", "define", "similar", "trend", "commonly", "plan", "demonstrate", "expectation", "well", "support", "greater", "open", 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 2026 drill program and the results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth; the potential for greater thicknesses and/or higher grades at depth; the existence of a higher grade core to the MSZ; the potential of the recently identified Crescent Zone; whether or not the infill drilling will confirm the continuity of the mineralization in the current mineral resource estimate; whether or not infill drilling and other factors will support upgrading mineral resources from the inferred category to the indicated category; the 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; the potential to encounter Cu-Au mineralization in the recently commenced IP survey; 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
DDH26LU301	Bravo	658693.43	9340790.59	252.240	SIRGAS2000_UTM_22S	315.55	330.00	-60.00	Central
DDH26LU310	Bravo	659419.63	9341134.50	218.670	SIRGAS2000_UTM_22S	270.35	330.00	-60.00	Central
DDH26LU311	Bravo	658630.39	9341196.43	210.770	SIRGAS2000_UTM_22S	180.40	330.00	-60.00	Crescent
DDH26LU312	Bravo	658455.06	9340402.84	267.550	SIRGAS2000_UTM_22S	380.80	330.00	-60.00	Central
DDH26LU313	Bravo	658780.34	9340840.97	241.750	SIRGAS2000_UTM_22S	190.80	330.00	-60.00	Central
DDH26LU314	Bravo	659485.67	9341216.55	213.280	SIRGAS2000_UTM_22S	230.50	330.00	-60.00	Central
DDH26LU315	Bravo	658805.39	9340797.96	252.400	SIRGAS2000_UTM_22S	240.90	330.00	-60.00	Central
DDH26LU316	Bravo	658403.280	9340292.320	259.620	SIRGAS2000_UTM_22S	461.00	330.00	-60.00	Central
DDH26LU317	Bravo	659541.67	9341120.12	203.640	SIRGAS2000_UTM_22S	312.90	330.00	-60.00	Central
DDH26LU318	Bravo	658558.40	9340623.13	282.120	SIRGAS2000_UTM_22S	360.40	330.00	-60.00	Central
DDH26LU319	Bravo	658884.98	9340850.78	257.850	SIRGAS2000_UTM_22S	250.25	330.00	-60.00	Central
DDH26LU320	Bravo	659515.51	9341368.51	213.850	SIRGAS2000_UTM_22S	125.10	330.00	-60.00	Central
DDH26LU330	Bravo	659950.37	9342025.01	267.360	SIRGAS2000_UTM_22S	274.80	90.00	-60.00	Central

Schedule 2: Assay Methodologies and QAQC

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

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

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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2026/06/c0772.html

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FMC stock is coming off a steep three year slide, with the share price down about 88% over that period, yet the company still screens as cheap on several valuation checks at a time when fresh capital and asset sales are aimed at shoring up the balance sheet.

The roughly 88% share price decline over three years puts FMC in a deep hole, which often signals either a severe reset in expectations or a potential value opportunity if fundamentals can support a turnaround.
The planned US$400 million equity investment from Tessenderlo Group and the agreed US$114 million property sale may support debt reduction and financial flexibility, but they also underline how dependent the equity story is on repairing the balance sheet.
FMC currently passes 5 of 6 valuation checks, suggesting that on Simply Wall St’s broader framework the stock leans cheap rather than expensive, even after a one year decline of 74.5% as shown here.

The stock’s next move may depend on whether these balance sheet actions and the current price fully reflect the risks and potential rewards baked into FMC’s valuation.

Find out why FMC’s -74.5% return over the last year is lagging behind its peers.

Is FMC a Bargain on Sales?

The P/S multiple is a useful cross check for FMC because revenue is still the key anchor for how the market is sizing the business. FMC currently trades on a P/S of about 0.4x, compared with an industry average of 1.0x and a peer group average of around 1.3x in the Chemicals sector.

The fair P/S ratio implied by Simply Wall St’s model is about 1.6x, which is higher than FMC’s current level. That gap indicates that FMC stock is pricing in softer expectations than the framework would imply based on its sector, size and risk profile. Despite the fresh US$400 million investment from Tessenderlo Group, the market is valuing each dollar of FMC’s sales below what peers command.

On this P/S yardstick, FMC stock appears undervalued relative to both its industry and the model’s tailored fair multiple.

NYSE:FMC P/S Ratio as at Jul 2026

See what the numbers say about this price — find out in our valuation breakdown.

The FMC Narrative: What Would Justify Today’s Price?

Simply Wall St Narratives for FMC pick up where the valuation puzzle leaves off by spelling out which assumptions about FMC’s revenue, margins and earnings would need to hold for the stock to be worth significantly more or less than the current price. Rather than centering on a single multiple or model line, each framework lays out the key inputs behind its view of fair value so you can compare those assumptions with FMC’s actual results as they are reported over time.

One of the top community narratives on FMC: 38% undervalued

“FMC’s focused geographic expansion, particularly via new direct sales strategies and co-op models in Latin America, is expected to diversify the revenue stream, reduce earnings volatility, and improve working capital efficiency…”

Read one of the top narratives on FMC

Do you think there’s more to the story for FMC? Head over to our Community to see what others are saying!

The Bottom Line

For FMC, the core question now is whether the current discount on sales and other market multiples reflects excessive pessimism or a fair cushion for balance sheet risk. The stock screens as undervalued on several checks, yet that gap is unlikely to close without clearer progress on debt reduction, cash generation and margins. From here, the main swing factor is whether FMC can turn its fresh capital and asset sales into a steadier, less leveraged business rather than a value trap that stays cheap for a reason.

Companies discussed in this article include FMC.

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

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