Even if it's not a huge purchase, we think it was good to see that Alexius Chan, the Non-Executive Director of Vital Metals Limited (ASX:VML) recently shelled out AU$84k to buy stock, at AU$0.10 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 32%.

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10bn in marketcap – there is still time to get in early.

The Last 12 Months Of Insider Transactions At Vital Metals

Notably, that recent purchase by Alexius Chan is the biggest insider purchase of Vital Metals shares that we've seen in the last year. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.17. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In the last twelve months Vital Metals insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Vital Metals

ASX:VML Insider Trading Volume December 31st 2025

Vital Metals is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Vital Metals

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From our data, it seems that Vital Metals insiders own 8.8% of the company, worth about AU$2.2m. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Vital Metals Insiders?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Vital Metals stock. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To that end, you should learn about the 5 warning signs we've spotted with Vital Metals (including 3 which shouldn't be ignored).

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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

As the Australian market approaches the end of the year, it appears to be winding down with a slight dip, likely due to profit-taking ahead of the holiday season. Despite this temporary lull, small-cap stocks continue to attract attention for their potential growth opportunities, especially in sectors like mining and technology where recent developments have shown promising signs.

Top 10 Undiscovered Gems With Strong Fundamentals In Australia

Name	Debt To Equity	Revenue Growth	Earnings Growth	Health Rating
Fiducian Group	NA	10.00%	9.57%	★★★★★★
Joyce	NA	9.93%	17.54%	★★★★★★
Hearts and Minds Investments	NA	56.27%	59.19%	★★★★★★
Euroz Hartleys Group	NA	1.82%	-25.32%	★★★★★★
Argosy Minerals	NA	-12.81%	-19.89%	★★★★★★
Focus Minerals	NA	75.35%	51.34%	★★★★★★
Djerriwarrh Investments	2.39%	8.18%	7.91%	★★★★★★
Energy World	NA	-47.50%	-44.86%	★★★★★☆
Zimplats Holdings	5.44%	-9.79%	-42.03%	★★★★★☆
Australian United Investment	1.90%	5.23%	4.56%	★★★★☆☆

Click here to see the full list of 59 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

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

Cogstate

Simply Wall St Value Rating: ★★★★★★

Overview: Cogstate Limited is a neuroscience solutions company that develops and commercializes digital brain health assessments globally, with a market capitalization of A$387.87 million.

Operations: Cogstate generates revenue primarily from its Clinical Trials segment, contributing $50.58 million, while the Healthcare segment adds $2.51 million.

Cogstate, a neuroscience tech firm focusing on digital brain health assessments, is capitalizing on strategic partnerships and AI innovation to broaden its market presence. With no debt compared to five years ago when the debt-to-equity ratio was 16.4%, Cogstate’s financial health seems robust. The company’s earnings growth of 86% over the past year surpasses the industry average of 20%. Analysts forecast an annual revenue increase of 7.6% over three years and project profit margins rising from 19.1% to 21.5%. Trading at A$1.69, with a target price of A$2.19, suggests potential upside amid competitive pressures and regulatory challenges.

• Cogstate’s strategic partnership with Medidata enhances its market reach and revenue potential. Click here to explore the full narrative on Cogstate’s growth strategy.

ASX:CGS Debt to Equity as at Dec 2025GenusPlus Group

Simply Wall St Value Rating: ★★★★★★

Overview: GenusPlus Group Ltd specializes in the installation, construction, and maintenance of power and communication systems in Australia, with a market capitalization of A$1.14 billion.

Operations: GenusPlus Group generates revenue through three primary segments: Infrastructure (A$405.10 million), Energy & Engineering (A$224.06 million), and Services (A$122.11 million).

With a strong foothold in Australia’s renewable energy sector, GenusPlus Group is poised to benefit from the country’s grid upgrades and diverse project pipeline that reduces geographic risks. The company has strategically reduced its debt to equity ratio from 7% to 6.3% over five years, while maintaining profitability with more cash than total debt. Earnings growth of 83.6% last year outpaced the industry average by a significant margin, showcasing high-quality earnings potential. However, challenges such as integration issues from acquisitions and reliance on government infrastructure spending could impact future performance despite projected annual revenue growth of 14.2%.

• GenusPlus Group is strategically expanding into higher-margin segments like battery energy storage. Explore the full narrative on GenusPlus Group’s strategic expansion and market positioning.

ASX:GNP Debt to Equity as at Dec 2025Tasmea

Simply Wall St Value Rating: ★★★★★☆

Overview: Tasmea Limited specializes in providing shutdown, maintenance, emergency breakdown, and capital upgrade services across Australia with a market capitalization of A$1.10 billion.

Operations: Tasmea generates revenue primarily from Electrical Services (A$212.71 million), Civil Services (A$103.07 million), and Mechanical Services (A$144.87 million). Water & Fluid services contribute A$87.06 million to the total revenue.

Tasmea, a smaller player in the construction sector, showcases impressive earnings growth of 74.9% over the past year, significantly outpacing the industry average of 6.5%. Despite its high net debt to equity ratio at 59.8%, Tasmea’s interest payments are well-covered by EBIT at 10.5 times, indicating robust financial health in this regard. The company recently completed a follow-on equity offering worth A$27.5 million and announced an acquisition of WorkPac, suggesting strategic expansion plans. Trading nearly half below its estimated fair value and with forecasted earnings growth of 15.96% annually, Tasmea seems poised for further development despite its debt concerns.

• Dive into the specifics of Tasmea here with our thorough health report.

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

ASX:TEA Debt to Equity as at Dec 2025Summing It All Up

• Gain an insight into the universe of 59 ASX Undiscovered Gems With Strong Fundamentals by clicking here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio’s performance.
• Discover a world of investment opportunities with Simply Wall St’s free app and access unparalleled stock analysis across all markets.

Looking For Alternative Opportunities?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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

Companies discussed in this article include ASX:CGS ASX:GNP and ASX:TEA.

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

VANCOUVER, BC / ACCESS Newswire / December 31, 2025 / Apex Critical Metals Corp. (CSE:APXC)(OTCQX:APXCF)(FWB:KL9) ("Apex" or the "Company"), a Canadian mineral exploration company focused on the identification and development of critical and strategic metals, is pleased to provide a summary of all analytical results from its 2025 regional exploration drilling program and 2026 outlook at the 100%-owned Cap Critical Minerals Project ("Cap" or the "Project") in central British Columbia.

Highlights

• Expanded mineralization from CAP25-006, which returned 124.5 m of 0.27% Nb₂O₅, encompassing the previously announced 36 m of 0.59% Nb₂O₅ that included 10 m at 1.08% Nb₂O₅.

• The additional drill holes in 2025 were designed to test regional target areas. The niobium enriched discovery in CAP25-006 remains open in multiple directions and a priority area for follow-up drilling in 2026 (see Figure 1).

• Multiple REE-enriched intervals were returned across the 2025 drilling, including two significant zones grading between 1.08% and 1.33% REO over 3.0 m and 3.4 m in CAP25-005 and CAP25-006, respectively, demonstrating strong rare earth potential within the carbonatite system.

• Significant phosphate mineralization occurs in both high-grade and broad intervals, with P₂O₅ grades up to 16.2% over 3.8m (CAP25-007) and several intervals exceeding 5% P₂O₅; including 6.2% P₂O₅ over 45 m (CAP25-007) and 4.5% P₂O₅ over 97.2 m (CAP25-012)

• The new geophysical survey results (see News Release dated November 12, 2025) show a massive buried magnetic anomaly that has yet to be tested at depth (see Figure 2). Testing this high-priority target and following up on the new near-surface niobium discovery will be the dual focus for 2026 drilling.

Sean Charland, CEO of Apex Critical Metals, stated: "The drilling highlight of the 2025 program remains the near-surface, high-grade niobium discovery, with the additional assay results showing a broader interval in CAP25-006 and further niobium, phosphate and REE mineralization in other regional target areas, which reinforces our interpretation of a large, fertile carbonatite system. We are equally excited by the intensity and scale of the untested magnetic anomaly to the southeast of our 2025 regional program, underscoring the opportunity and exploration upside at Cap."

The 2025 exploration program consisted of nine (9) helicopter-supported NQ diamond drillholes totaling 2,323 m (Table 2). The remaining results confirm widespread niobium, rare earth element and phosphate mineralization across multiple drillholes and substantially expand the mineralized interval previously reported from discovery hole CAP25-006. Collectively, the results demonstrate that Cap hosts potential for a large, fertile, multi-phase carbonatite system that remains open and underexplored.

Previously released rush assays from CAP25-006 reported 36 m averaging 0.59% Nb₂O₅, including 10 m at 1.08% Nb₂O₅, beginning at only 33.5 m downhole (see News Release dated August 27, 2025). Complete assays now show that this zone is part of a much broader mineralized interval totaling 124.5 m averaging 0.27% Nb₂O₅, confirming continuity and scale. This niobium enriched zone was not directly followed up on during the 2025 first pass regional drilling campaign and remains open both laterally (see Figure 1 below) and at depth.

Figure 1: Map showing location of 2025 drillholes over total magnetic intensity from 2025 airborne survey

The assay results also demonstrate meaningful rare earth element potential at Cap. As outlined in Table 1, multiple REE-bearing intervals were intersected across the 2025 drilling, including intervals grading between 1.08% and 1.33% REO over 3.0 m and 3.4 m in CAP25-005 and CAP25-006, respectively. Localized samples exceeding 2% REO indicate enrichment and support a broader critical-metal signature within the carbonatite system (Table 1).

Phosphate mineralization is well developed across the Project, with assay results returning both high-grade and broad continuous intervals. Results reach up to 16.2% P₂O₅, over 3.8 m with intervals including 45.0 m at 6.22% from CAP25-007 and 58.2 m at 5.63% from CAP25-012 (Table 1). The distribution of these phosphate-rich zones across multiple drillholes further supports the interpretation of a large carbonatite system.

The Company completed a geophysical survey near the end of the exploration season concurrent to its final drill holes to better detail andto further refine subsurface targeting. The survey outlined a large magnetic anomaly interpreted to represent a buried intrusive body (Figure 2). To date, this anomaly has only been tested by a single historical (2017) drill hole that did not reach the interpreted target depth. The size, strength, and limited drill testing of this feature present a compelling opportunity for follow-up, with several well-positioned drill holes planned for the 2026 exploration season.

Figure 2: Map showing 2025 drilling location and significant untested magnetic anomaly to the southeast, outlined from 2025 airborne geophysical survey

Table 1 Drillhole Assay Summary

The Company will now incorporate the full 2025 assay dataset and newly acquired airborne magnetic survey results into an updated geological model. This work will support the design of the 2026 drill program, which is expected to focus on step-out drilling around the CAP25-006 niobium discovery and initial testing of high-priority targets generated from the 2025 airborne geophysical survey. The 2025 exploration program was a success in advancing the Company's understanding of the carbonatite system at Cap and refining the focus for the year ahead.

The near-term focus remains on the Company's flagship Rift Rare Earth Project in Nebraska, USA, where significant progress is being made towards a fully funded drill program, which is expected to commence in early Q1/2026.

Table 2 Drillhole Locations and Attributes

Quality Assurance / Quality Control

All drilling was completed using a helicopter supported diamond drill rig with NQ size core and all drill core samples have been or will be shipped to Activation Laboratories Ltd. preparation facility in Kamloops, British Columbia, for standard sample preparation (code RX1) which includes drying, crush (< 7 kg) up to 80% passing 2 mm, riffle split (250 g) and pulverize (mild steel) to 95% passing 105 µm. The samples were subsequently analyzed using Code 8 by XRF Nb₂O₅, ZrO2 and Ta2O5 (0.003%), Code 8 – REE Assay (lithium metaborate/tetraborate fusion with subsequent analysis by ICP and ICP/MS). Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box onsite.

A Quality Assurance/Quality Control protocol was incorporated into the program and included the insertion of certified reference material and silica blanks at a rate of approximately 5% and 5%, respectively.

Qualified Person

The technical content of this news release has been reviewed and approved by Nathan Schmidt, P. Geo., a Qualified Person under NI 43-101 on standards of disclosure for mineral projects (EGBC Licence 48336). Mr. Schmidt is a Geologist with Dahrouge Geological Consulting Ltd. (EGBC Permit to Practice 1003035), the consulting firm engaged by Apex Critical Metals Corp. to conduct and oversee all of the Company's exploration work, including the 2025 drill program.

Mr. Schmidt has verified all scientific and technical data disclosed in this news release including the sampling and QA/QC results, and certified analytical data underlying the technical information disclosed. Mr. Schmidt noted no errors or omissions during the data verification process. The Company and Mr. Schmidt do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release.

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-REE deposits. Historical drilling across the complex has reported broad intervals of high-grade REE mineralization, including intercepts such as 155.5 m of 2.70% REO and 68.2 m of 3.32% REO.

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 a significant 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.

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 Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at www.apexcriticalmetals.com and to sign up for free news alerts please go to https://apexcriticalmetals.com/news/news-alerts/, or follow us on X (formerly Twitter), Facebook or LinkedIn.

On Behalf of the Board of Directors

APEX CRITICAL METALS CORP.,

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

Neither 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 with respect to follow-up drilling on the Cap Project in 2026, the potential for the Cap Project to host a large, fertile multi-phase carbonatite system, statements regarding the Company's growing portfolio of critical mineral projects in Canada and the United States and the potential for exploration. 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

As the Australian market approaches the holiday season, it is witnessing a slight downturn, with the ASX experiencing a 0.2% drop amidst profit-taking activities and early closures for Christmas. Despite this lull, small-cap stocks continue to capture interest due to their potential for growth in sectors like precious metals and defense technologies. In this context, identifying undervalued companies with strong fundamentals and innovative strategies can offer promising opportunities for investors seeking to uncover hidden gems in Australia’s vibrant market landscape.

Top 10 Undiscovered Gems With Strong Fundamentals In Australia

Name	Debt To Equity	Revenue Growth	Earnings Growth	Health Rating
Fiducian Group	NA	10.00%	9.57%	★★★★★★
Joyce	NA	9.93%	17.54%	★★★★★★
Hearts and Minds Investments	NA	56.27%	59.19%	★★★★★★
Spheria Emerging Companies	NA	-1.31%	0.28%	★★★★★★
Euroz Hartleys Group	NA	1.82%	-25.32%	★★★★★★
Argosy Minerals	NA	-12.81%	-19.89%	★★★★★★
Focus Minerals	NA	75.35%	51.34%	★★★★★★
Energy World	NA	-47.50%	-44.86%	★★★★★☆
Zimplats Holdings	5.44%	-9.79%	-42.03%	★★★★★☆
Australian United Investment	1.90%	5.23%	4.56%	★★★★☆☆

Click here to see the full list of 59 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Australian United Investment

Simply Wall St Value Rating: ★★★★☆☆

Overview: Australian United Investment Company Limited is a publicly owned investment manager with a market cap of A$1.41 billion.

Operations: The company generates revenue primarily from investments, amounting to A$57 million. It has a market cap of approximately A$1.41 billion.

Australian United Investment (AUI) showcases a strong financial foundation with its net debt to equity ratio at a satisfactory 1.5%, reflecting prudent financial management. Over the past five years, AUI has reduced its debt to equity from 9.1% to 1.9%, indicating effective debt reduction strategies. The company’s high-quality earnings are complemented by robust interest coverage, with EBIT covering interest payments 22.8 times over, ensuring financial stability and resilience in challenging market conditions. Despite a modest annual earnings growth of 4.6% over the last five years, AUI remains profitable with positive free cash flow and no immediate cash runway concerns.

• Click here and access our complete health analysis report to understand the dynamics of Australian United Investment.

• Assess Australian United Investment’s past performance with our detailed historical performance reports.

ASX:AUI Debt to Equity as at Dec 2025Fiducian Group

Simply Wall St Value Rating: ★★★★★★

Overview: Fiducian Group Ltd operates in Australia offering a range of financial services through its subsidiaries and has a market cap of approximately A$378.81 million.

Operations: The company’s primary revenue streams include financial planning (A$29.66 million), funds management (A$25.59 million), corporate services (A$17.67 million), and platform administration (A$16.45 million).

Fiducian Group, a nimble player in the financial landscape, stands out with its debt-free status over the past five years. This lack of debt removes any concerns about interest coverage and highlights its robust financial health. The company has demonstrated impressive earnings growth of 23.5% over the last year, significantly outpacing the broader Capital Markets industry growth of 6%. With high-quality earnings and a favorable price-to-earnings ratio of 20.4x compared to the Australian market’s 21.7x, Fiducian seems well-positioned for continued success in its sector.

• Unlock comprehensive insights into our analysis of Fiducian Group stock in this health report.

• Gain insights into Fiducian Group’s historical performance by reviewing our past performance report.

ASX:FID Debt to Equity as at Dec 2025Omni Bridgeway

Simply Wall St Value Rating: ★★★★★☆

Overview: Omni Bridgeway Limited operates as a global provider of dispute and litigation finance services across multiple regions including Australia, the United States, and Europe, with a market capitalization of A$432.40 million.

Operations: Omni Bridgeway generates revenue primarily from funding and providing services related to legal dispute resolution, amounting to A$87.77 million.

Omni Bridgeway, a promising player in the Australian market, recently turned profitable, making it stand out in the financial sector. The company’s price-to-earnings ratio of 1.2x positions it attractively against the broader Australian market at 21.7x. Despite a forecasted earnings decline averaging 148% annually over three years, revenue is expected to grow by nearly 24% per year. Omni Bridgeway’s debt management shines with a reduction in its debt-to-equity ratio from 18.7% to just 2.3% over five years and having more cash than total debt ensures financial stability moving forward into potential growth opportunities.

• Click to explore a detailed breakdown of our findings in Omni Bridgeway’s health report.

• Learn about Omni Bridgeway’s historical performance.

ASX:OBL Earnings and Revenue Growth as at Dec 2025Seize The Opportunity

• Reveal the 59 hidden gems among our ASX Undiscovered Gems With Strong Fundamentals screener with a single click here.

• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.

• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Ready For A Different Approach?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

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

Companies discussed in this article include ASX:AUI ASX:FID and ASX:OBL.

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

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / December 30, 2025 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company", or "Stillwater") is pleased to announce the closing of its previously announced "bought deal" private placement (the "Offering") for gross proceeds of C$17,000,220, which includes the exercise in full of an over-allotment option. Pursuant to the Offering, the Company sold 36,957,000 units of the Company (each, a "Unit") at a price of C$0.46 per Unit (the "Offering Price"). Under the Offering, Red Cloud Securities Inc. acted as co-lead underwriter and sole bookrunner along with Research Capital Corporation (collectively, the "Underwriters") as co-lead underwriter.

Each Unit consists of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share (a "Warrant Share") at a price of C$0.64 at any time on or before December 30, 2028.

The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company's flagship Stillwater West Ni-PGE-Cu-Co+Au project in the Stillwater mining district in Montana, U.S., as well as for general corporate purposes and working capital, as is more fully described in the Amended Offering Document (as defined herein).

In accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares and the Warrant Shares underlying the Units are immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units were also sold to purchasers in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended(the "U.S. Securities Act"). All securities not issued pursuant to the Listed Issuer Financing Exemption are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date.

"As a result of strong support demonstrated in this placement, we are ending 2025 with funds in place for a robust 2026 season" said Michael Rowley, President and CEO. "We look forward to near-term catalysts including drill results and updates on government initiatives as well as the planned update to our mineral resource estimate as we advance Stillwater West as a primary source of ten minerals designated as critical in the U.S."

As consideration for their services in the Offering, the Underwriters received aggregate cash fees of C$987,114 and 2,145,900 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant is exercisable into one Common Share at the Offering Price for a period of thirty-six (36) months from the date of issuance. The Broker Warrants are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being May 1, 2026.

There is an amended and restated offering document (the "Amended Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.criticalminerals.com.

The closing of the Offering remains subject to the final approval of the TSX Venture Exchange (the "TSXV").

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined under the U.S. Securities Act) absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.About Stillwater Critical Minerals Corp.

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

Stillwater also holds a 49% interest in the high-grade Drayton-Black Lake-gold project adjacent to Nexgold

Mining's development-stage Goliath Gold Complex in northwest Ontario, currently under an earn-in agreement with Heritage Mining, and the Kluane PGE-Ni-Cu-Co critical minerals project on trend with Nickel Creek Platinum‘s Wellgreen deposit in Canada‘s Yukon Territory. The Company also holds the Duke Island Cu-Ni-PGE property in Alaska and maintains a back-in right on the high-grade past-producing Yankee-Dundee in BC, following its sale in 2013.FOR FURTHER INFORMATION, PLEASE CONTACT:

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

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

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

SOURCE: Stillwater Critical Minerals

View the original press release on ACCESS Newswire

Toronto, Ontario–(Newsfile Corp. – December 29, 2025) – Minnova Corp. (TSXV: MCI) ("Minnova" or the "Company") is pleased to announce it has directed A&B Global Mining, lead engineer on the Preliminary Economic Assessment, to evaluate and design a significant expansion of the PL Gold Mine's current 1,000 tonnes per day ("tpd") nameplate processing capacity. The current plan involves recommencing mining operations through open pit mining methods, with run-of-mine ("ROM") throughput aligned to process plant's nameplate capacity. On going work related to process plant refurbishment has recognized that the existing "front-end" crushing plant infrastructure potentially possesses capacity well in excess of 1,000 tpd.

Preliminary assessments of the primary Traylor Jaw and secondary Symons Short Head Cone crushers indicate that these robust components can support significantly higher volumes. Initial work on an expansion plan will consist of a Technical Audit & Capacity Analysis ("TACA"), including;

• Crushing Audit – verify existing crushers can sustain a crushing rate to achieve minimum 2,000 tpd.
• Motor/Drive Review – assess existing 100 HP motor on jaw crusher and 150 HP motor on the cone crusher to handle ore at increased throughput.
• Choke Point Identification – assess existing dust collection, ore chutes and transfer point capacities.
• Power Requirements – assess motor control center and transformer requirements at increased throughput rate.

Photo 1: Crushing and Screening Building and Mill Feed Infrastructure

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/279121_986ddcfdd4a5583c_001full.jpg

Photo 2: Crushing and Screening Building and Mill Feed Infrastructure

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/279121_986ddcfdd4a5583c_002full.jpg

Should the TACA assessment confirm the current crushing capacity exceeds 2,000 tpd, the expansion initiative will proceed to the Design & Engineering phase, with a target minimum ROM mill feed rate of 2,000 tpd. Achieving this goal will necessitate a comprehensive redesign of specific crusher plant processes, as well as the duplication of the following components: a) fine ore storage capacity, b) ore conveyor systems, and c) milling, gravity, flotation and concentrate leaching processes along with the existing Merrill-Crowe gold recovery circuit. All new equipment will be installed in parallel with the established infrastructure.

By doubling the processing plant ROM throughput capacity, Minnova aims to leverage existing infrastructure and dramatically enhance the project's economics in the current high gold price environment. This expansion initiative reflects the Company's commitment to maximizing the value of its existing infrastructure. The successful restart of the PL Gold Mine at a targeted 2,000 tpd throughput rate from open mining operations will position Minnova as a more significant gold producer, providing a robust operational foundation for the eventual 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 2,500,000 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.

Qualified Person

Chris Buchanan, MSc, PGeo, 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 2018 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. Considering 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 revised mine development plan that leverages the full 1,000 tpd process plant capacity and targets reduced operating costs compared to the previous underground-only model is underway and will be the subject of a Preliminary Economic Assessment and Feasibility Study to be completed in 2026. The current global gold resource remains open to expansion, as does the reserve. The Mineral Resource Estimate will be revised in 2026, using current consensus gold price assumption and will incorporate all drilling conducted after the 2018 Feasibility Study, including a 15,000-meter drill program currently in progress.

For more information please contact:

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

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

Visit our website at www.minnovacorp.ca.

Forward Looking Statements

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

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

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

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279121

As the Australian market winds down for the holiday season with a slight dip, largely due to profit-taking and in anticipation of Wall Street’s highs, investors are turning their attention to commodities like gold and copper which have recently seen notable gains. In this environment, identifying promising small-cap stocks requires a keen eye for companies that can capitalize on these sector trends while navigating broader market sentiment.

Top 10 Undiscovered Gems With Strong Fundamentals In Australia

Name	Debt To Equity	Revenue Growth	Earnings Growth	Health Rating
Fiducian Group	NA	10.00%	9.57%	★★★★★★
Joyce	NA	9.93%	17.54%	★★★★★★
Hearts and Minds Investments	NA	56.27%	59.19%	★★★★★★
Spheria Emerging Companies	NA	-1.31%	0.28%	★★★★★★
Euroz Hartleys Group	NA	1.82%	-25.32%	★★★★★★
Argosy Minerals	NA	-12.81%	-19.89%	★★★★★★
Focus Minerals	NA	75.35%	51.34%	★★★★★★
Energy World	NA	-47.50%	-44.86%	★★★★★☆
Zimplats Holdings	5.44%	-9.79%	-42.03%	★★★★★☆
Australian United Investment	1.90%	5.23%	4.56%	★★★★☆☆

Click here to see the full list of 59 stocks from our ASX Undiscovered Gems With Strong Fundamentals screener.

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

Carlton Investments

Simply Wall St Value Rating: ★★★★★☆

Overview: Carlton Investments Limited is a publicly owned asset management holding company with a market capitalization of A$911.96 million.

Operations: Carlton Investments generates revenue primarily through the acquisition and long-term holding of shares and units, amounting to A$41.60 million.

Carlton Investments, a relatively small player in the market, has shown a steady earnings growth of 8.7% annually over the past five years. Despite its modest size, it boasts high-quality earnings and maintains an impressive interest coverage ratio of 3390 times through EBIT. The company has effectively managed its debt levels, reducing the debt-to-equity ratio from 0.03% to 0.02% over five years, indicating prudent financial management. While recent earnings growth at 0.09% lagged behind industry standards of 6%, Carlton remains free cash flow positive with A$39 million recorded recently, suggesting solid operational health and potential for future stability.

• Click here to discover the nuances of Carlton Investments with our detailed analytical health report.

• Evaluate Carlton Investments’ historical performance by accessing our past performance report.

ASX:CIN Debt to Equity as at Dec 2025Metals X

Simply Wall St Value Rating: ★★★★★★

Overview: Metals X Limited is an Australian company focused on tin production, with a market capitalization of A$975.03 million.

Operations: The primary revenue stream for Metals X Limited is its 50% stake in the Renison Tin Operation, generating A$271.38 million. The company focuses on tin production in Australia.

Metals X, a nimble player in the mining sector, boasts a remarkable earnings growth of 708% over the past year, outpacing the industry average of 10%. This performance is bolstered by its debt-free status, contrasting with a debt-to-equity ratio of 58% five years ago. With a price-to-earnings ratio at just 6.9x, it offers compelling value against the broader Australian market’s 21.7x. However, recent financials include a significant A$38M one-off gain that might skew perceptions of ongoing profitability. Despite these fluctuations and forecasts suggesting declining earnings ahead, Metals X remains financially sound with positive free cash flow and no debt concerns.

• Take a closer look at Metals X’s potential here in our health report.

• Explore historical data to track Metals X’s performance over time in our Past section.

ASX:MLX Debt to Equity as at Dec 2025Wagners Holding

Simply Wall St Value Rating: ★★★★★☆

Overview: Wagners Holding Company Limited is involved in the production and sale of construction and related building materials across several countries, including Australia, the United States, and New Zealand, with a market capitalization of A$703.03 million.

Operations: Wagners generates revenue primarily from Construction Materials (A$257.69 million), Project Services (A$105.71 million), and Composite Fibre Technology (A$68.45 million). The company’s net profit margin reflects its financial performance, influenced by its diverse revenue streams across multiple regions.

Wagners Holding, a small Australian player in the construction sector, is making waves with its focus on sustainable materials and infrastructure. Over the past year, earnings surged by 121%, outpacing industry growth of 3%. The company has reduced its debt to equity ratio from 66% to 28% over five years, showcasing financial prudence. With a net debt to equity ratio at a satisfactory 13%, Wagners seems well-positioned for future expansion. Analysts forecast an annual revenue growth of 6% for the next three years, although capital expenditure and raw material costs could impact earnings stability. Current share price sits at A$2.57 with an anticipated target of A$2.75.

• Wagners Holding’s growth is driven by expanding concrete operations and sustainable material demand. Click here to explore the full narrative on Wagners Holding.

ASX:WGN Debt to Equity as at Dec 2025Make It Happen

• Reveal the 59 hidden gems among our ASX Undiscovered Gems With Strong Fundamentals screener with a single click here.
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Seeking Other Investments?

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• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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

Companies discussed in this article include ASX:CIN ASX:MLX and ASX:WGN.

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

Zimplats Holdings' (ASX:ZIM) stock is up by a considerable 41% over the past month. However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. Specifically, we decided to study Zimplats Holdings' ROE in this article.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

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How Is ROE Calculated?

The formula for ROE is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Zimplats Holdings is:

2.2% = US$40m ÷ US$1.8b (Based on the trailing twelve months to June 2025).

The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each A$1 of shareholders' capital it has, the company made A$0.02 in profit.

View our latest analysis for Zimplats Holdings

Why Is ROE Important For Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

A Side By Side comparison of Zimplats Holdings' Earnings Growth And 2.2% ROE

It is quite clear that Zimplats Holdings' ROE is rather low. Even when compared to the industry average of 9.2%, the ROE figure is pretty disappointing. Given the circumstances, the significant decline in net income by 42% seen by Zimplats Holdings over the last five years is not surprising. However, there could also be other factors causing the earnings to decline. For example, the business has allocated capital poorly, or that the company has a very high payout ratio.

However, when we compared Zimplats Holdings' growth with the industry we found that while the company's earnings have been shrinking, the industry has seen an earnings growth of 12% in the same period. This is quite worrisome.

ASX:ZIM Past Earnings Growth December 27th 2025

Earnings growth is a huge factor in stock valuation. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). Doing so will help them establish if the stock's future looks promising or ominous. Is Zimplats Holdings fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is Zimplats Holdings Using Its Retained Earnings Effectively?

While the company did payout a portion of its dividend in the past, it currently doesn't pay a regular dividend. This implies that potentially all of its profits are being reinvested in the business.

Summary

In total, we're a bit ambivalent about Zimplats Holdings' performance. While the company does have a high rate of profit retention, its low rate of return is probably hampering its earnings growth. Up till now, we've only made a short study of the company's growth data. You can do your own research on Zimplats Holdings and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.

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

As the U.S. stock market continues to reach new heights, with the S&P 500 setting all-time records, investors are increasingly interested in exploring opportunities beyond large-cap stocks. Amidst this backdrop of strong market performance and economic indicators, identifying promising small-cap stocks can offer potential for growth, particularly when these companies demonstrate solid fundamentals and insider confidence through recent buying activity.

Top 10 Undervalued Small Caps With Insider Buying In The United States

Name	PE	PS	Discount to Fair Value	Value Rating
Merchants Bancorp	7.8x	2.6x	48.74%	★★★★★★
First United	10.2x	3.1x	42.96%	★★★★★☆
Shore Bancshares	10.6x	2.8x	39.92%	★★★★☆☆
Union Bankshares	9.5x	2.1x	21.74%	★★★★☆☆
Angel Oak Mortgage REIT	12.4x	6.2x	43.79%	★★★★☆☆
Farmland Partners	6.4x	7.9x	-90.27%	★★★★☆☆
Stock Yards Bancorp	14.6x	5.2x	34.92%	★★★☆☆☆
MVB Financial	10.3x	2.0x	-10.87%	★★★☆☆☆
Omega Flex	18.4x	3.0x	0.99%	★★★☆☆☆
Vestis	NA	0.3x	-9.73%	★★★☆☆☆

Click here to see the full list of 80 stocks from our Undervalued US Small Caps With Insider Buying screener.

We’ll examine a selection from our screener results.

FMC

Simply Wall St Value Rating: ★★★★★☆

Overview: FMC is a global agricultural sciences company that provides innovative solutions for crop protection, with a market cap of $13.22 billion.

Operations: FMC’s revenue is primarily derived from its Innovative Solutions segment, which amounted to $3.61 billion. The company’s cost of goods sold (COGS) was $2.23 billion, resulting in a gross profit of $1.38 billion and a gross profit margin of 38.15%. Operating expenses include R&D costs, with recent figures showing an allocation of approximately $270.6 million towards research and development activities.

PE: -3.5x

FMC, a smaller player in the market, has seen its share price fluctuate significantly over the past three months. Despite this volatility, insider confidence is evident with recent purchases indicating potential value recognition. However, financial challenges persist as interest payments aren’t well covered by earnings and liabilities are entirely funded through external borrowing. Recent amendments to their credit agreement aim to manage leverage and dividend constraints until December 2028. With projected earnings growth of 65.93% annually, FMC’s future prospects remain intriguing despite current setbacks.

• Navigate through the intricacies of FMC with our comprehensive valuation report here.

• Learn about FMC’s historical performance.

FMC Share price vs Value as at Dec 2025Granite Ridge Resources

Simply Wall St Value Rating: ★★★☆☆☆

Overview: Granite Ridge Resources is engaged in the development, exploration, and production of oil and natural gas with a market capitalization of $1.52 billion.

Operations: Granite Ridge Resources generates revenue primarily from oil and natural gas development, exploration, and production, with recent quarterly revenue reaching $427.83 million. The company’s cost of goods sold (COGS) has increased to $80.33 million in the latest quarter, impacting its gross profit margin which stands at 81.22%. Operating expenses are substantial at $230.93 million, contributing to a net income of $37.49 million for the same period.

PE: 16.3x

Granite Ridge Resources, a small-cap company in the U.S., exhibits potential for value with insider confidence shown through recent share purchases. Despite facing financial challenges like high debt and reliance on external borrowing, Granite’s earnings have improved, reporting US$14.52 million net income for Q3 2025 versus US$9.05 million a year ago. Their involvement in Conduit Power’s natural gas project highlights strategic growth opportunities in Texas’ energy sector, aiming to enhance grid reliability by 2026.

• Get an in-depth perspective on Granite Ridge Resources’ performance by reading our valuation report here.

• Assess Granite Ridge Resources’ past performance with our detailed historical performance reports.

GRNT Share price vs Value as at Dec 2025Herbalife

Simply Wall St Value Rating: ★★★★★☆

Overview: Herbalife is a global nutrition company that develops and sells dietary supplements, personal care products, and weight management solutions, with a market capitalization of approximately $1.27 billion.

Operations: India and the United States are key markets, contributing $857.70 million and $1.01 billion respectively to revenue, while Mexico adds $534 million. The gross profit margin has shown a range from 43.92% to 53.32% over recent periods, indicating variability in cost management relative to revenue generation. Operating expenses are primarily driven by general and administrative costs, with fluctuations impacting net income margins which have varied between 1.63% and 9.28%.

PE: 4.6x

Herbalife, a player in the nutrition industry, has seen insider confidence with recent share purchases. Despite a challenging financial position where interest payments aren’t well-covered by earnings and forecasts suggest declining earnings over the next three years, the company continues to innovate. Their Liftoff energy line expansion taps into a growing US$41.4 billion energy drink market projected for 2033. Recent investments include a US$7 million Center of Excellence in California to bolster product development and quality assurance efforts.

• Delve into the full analysis valuation report here for a deeper understanding of Herbalife.

• Gain insights into Herbalife’s past trends and performance with our Past report.

HLF Share price vs Value as at Dec 2025Make It Happen

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Want To Explore Some Alternatives?

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

Companies discussed in this article include FMC GRNT and HLF.

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

FMC Corporation's (NYSE:FMC) dividend is being reduced from last year's payment covering the same period to $0.08 on the 15th of January. Despite the cut, the dividend yield of 2.4% will still be comparable to other companies in the industry.

While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. FMC's stock price has reduced by 62% in the last 3 months, which is not ideal for investors and can explain a sharp increase in the dividend yield.

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FMC's Future Dividend Projections Seem Positive

We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue. Even though FMC is not generating a profit, it is still paying a dividend. Along with this, it is also not generating free cash flows, which raises concerns about the sustainability of the dividend.

According to analysts, EPS should be several times higher next year. Assuming the dividend continues along recent trends, we think the payout ratio will be 21%, which makes us pretty comfortable with the sustainability of the dividend.

NYSE:FMC Historic Dividend December 23rd 2025

View our latest analysis for FMC

Dividend Volatility

The company's dividend history has been marked by instability, with at least one cut in the last 10 years. Since 2015, the annual payment back then was $0.66, compared to the most recent full-year payment of $0.32. Doing the maths, this is a decline of about 7.0% per year. Declining dividends isn't generally what we look for as they can indicate that the company is running into some challenges.

Dividend Growth May Be Hard To Achieve

Given that the track record hasn't been stellar, we really want to see earnings per share growing over time. Over the past five years, it looks as though FMC's EPS has declined at around 3.0% a year. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. However, the next year is actually looking up, with earnings set to rise. We would just wait until it becomes a pattern before getting too excited.

We're Not Big Fans Of FMC's Dividend

Overall, the dividend looks like it may have been a bit high, which explains why it has now been cut. The company seems to be stretching itself a bit to make such big payments, but it doesn't appear they can be consistent over time. The dividend doesn't inspire confidence that it will provide solid income in the future.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. For example, we've identified 3 warning signs for FMC (2 make us uncomfortable!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.

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

Toronto, Ontario–(Newsfile Corp. – December 22, 2025) – Minnova Corp. (TSXV: MCI) ("Minnova" or the "Company") is pleased to announce it has engaged Amps Powerline Inc. ("AMPS"), a Manitoba based industrial power contractor specializing in the construction, maintenance, and design of high voltage industrial systems. AMPS will work closely with ABGM, lead engineer and mine development consultant overseeing planned Preliminary Economic Assessment ("PEA") and updated Feasibility Studies ("FS") in 2026 for the re-start of the Company's PL Gold Mine located in Manitoba, Canada.

This engagement marks another significant step in advancing the PL Gold Mine towards production. AMPS will provide input into:

Reconnection and energization of the PL Mine site to the MB Hydro grid utilizing the Company's existing twenty-two kilometer power line infrastructure connecting the PL Gold Mine to MB Hydro grid power.

Site power distribution and refurbishment of crushing and process plant electrical power systems.

The power line infrastructure consists of a partially refurbished twenty-two kilometer, 3-phase 25kVa power line that connects the mine sites electric distribution grid to the Manitoba Hydro electric grid at a sub-station located at Sherridon MB.

Figure 1: Photos of Existing Power Line Infrastructure

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3654/278858_minnova.jpg

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 2018 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. Considering 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. The new mine plan leverages the full 1,000 tpd mill capacity and targets reduced operating costs compared to the previous underground-only model. A revised mine development plan is underway and will be the subject of a Preliminary Economic Assessment and Feasibility Study to be completed in 2026.

The current global gold resource remains open to expansion, as does the reserve. The Mineral Resource Estimate will be revised in 2026, using current consensus gold price assumption and will incorporate all drilling conducted after the 2018 Feasibility Study, including the upcoming 15,000-meter drill program scheduled for 2025 and 2026.

For more information please contact:

Minnova Corp.Gorden GlennPresident & Chief Executive OfficerTel: (647) 985-2775

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

Visit our website at www.minnovacorp.ca

Forward-Looking Statements

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

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

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

NOT FOR DISSEMINATION INTO THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278858

PHILADELPHIA, Dec. 22, 2025 /PRNewswire/ — FMC Corporation (NYSE: FMC) announced today it will release its fourth quarter 2025 earnings on Wednesday, February 4, 2026, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.

The company will host a webcast conference call on Thursday, February 5, 2026, at 9:00 a.m. ET that is open to the public via internet broadcast and telephone.

Conference Call Details:

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

United States (Local): +1 646 844 6383United States (Toll-Free): +1 833 470 1428Global Dial-In Numbers: Global Dial-in NumberAccess Code: 827087

Pre-Registration Link: https://www.netroadshow.com/events/login/LE9zwo3lV0qrfzM9J1hL1dXMDtQBlK3ULBt

Webcast Details:https://events.q4inc.com/attendee/999618604

A replay of the call will be available via the internet and telephone from 11:00 a.m. ET on February 5, 2026, until February 12, 2026.

Internet replay: https://investors.fmc.comUnited States (Local): +1 929 458 6194United States (Toll-Free): +1 866 813 9403Access Code: 497154

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®.

 

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-announces-date-for-fourth-quarter-2025-earnings-release-and-webcast-conference-call-302648177.html

In recent market developments, the S&P 500 and Dow Jones Industrial Average have experienced declines following a surprising rise in unemployment, while the Nasdaq managed to tick higher, breaking its losing streak. Amid these mixed signals from major indices and economic indicators, investors may find opportunities in stocks that are perceived to be undervalued relative to their intrinsic value. Identifying such stocks requires careful analysis of financial health and growth potential within the context of current market conditions.

Top 10 Undervalued Stocks Based On Cash Flows In The United States

Name	Current Price	Fair Value (Est)	Discount (Est)
UMB Financial (UMBF)	$118.98	$233.99	49.2%
Perfect (PERF)	$1.72	$3.43	49.9%
Krystal Biotech (KRYS)	$235.80	$469.93	49.8%
Freshworks (FRSH)	$12.39	$23.62	47.6%
FirstSun Capital Bancorp (FSUN)	$38.82	$73.56	47.2%
First Solar (FSLR)	$254.03	$482.71	47.4%
Dingdong (Cayman) (DDL)	$2.82	$5.45	48.3%
DexCom (DXCM)	$65.75	$127.60	48.5%
Columbia Banking System (COLB)	$28.95	$57.33	49.5%
Bloom Energy (BE)	$76.97	$148.02	48%

Click here to see the full list of 206 stocks from our Undervalued US Stocks Based On Cash Flows screener.

We’re going to check out a few of the best picks from our screener tool.

Ligand Pharmaceuticals

Overview: Ligand Pharmaceuticals Incorporated is a biopharmaceutical company that develops and licenses biopharmaceutical assets globally, with a market cap of approximately $3.83 billion.

Operations: The company’s revenue primarily comes from the development and licensing of biopharmaceutical assets, totaling $251.23 million.

Estimated Discount To Fair Value: 15.1%

Ligand Pharmaceuticals appears undervalued based on discounted cash flow analysis, trading at US$194.59 against an estimated fair value of US$229.31. Recent earnings showed a substantial improvement, with third-quarter revenue rising to US$115.46 million and net income reaching US$117.27 million from a loss previously. The company forecasts 2026 revenue between $245 million and $285 million, driven by royalty and Captisol sales, supporting its growth trajectory above the market average.

• The growth report we’ve compiled suggests that Ligand Pharmaceuticals’ future prospects could be on the up.

• Click here to discover the nuances of Ligand Pharmaceuticals with our detailed financial health report.

LGND Discounted Cash Flow as at Dec 2025Kroger

Overview: The Kroger Co. operates as a food and drug retailer in the United States with a market cap of approximately $40.38 billion.

Operations: The company’s revenue is primarily derived from its retail operations, which generate $147.23 billion.

Estimated Discount To Fair Value: 15.1%

Kroger, trading at US$63.81, is undervalued based on discounted cash flow analysis with a fair value estimate of US$75.14. Despite a forecasted significant earnings growth rate of 30.4% annually over the next three years, recent financials reveal challenges including a net loss of US$1.32 billion in Q3 2025 and declining profit margins from last year. Additionally, Kroger faces regulatory scrutiny due to infant formula recalls impacting store operations and legal issues related to patent infringement claims.

• Insights from our recent growth report point to a promising forecast for Kroger’s business outlook.

• Take a closer look at Kroger’s balance sheet health here in our report.

KR Discounted Cash Flow as at Dec 2025Sociedad Química y Minera de Chile

Overview: Sociedad Química y Minera de Chile S.A. is a global producer and seller of specialty plant nutrients and iodine derivatives, with a market cap of approximately $18.83 billion.

Operations: The company’s revenue segments include Lithium and Derivatives ($2.08 billion), Iodine and Derivatives ($996.40 million), Specialty Plant Nutrition ($957.03 million), Potassium ($182.60 million), and Industrial Chemicals ($74.26 million).

Estimated Discount To Fair Value: 36.7%

Sociedad Química y Minera de Chile, trading at US$65.92, is undervalued with a fair value estimate of US$104.17 based on discounted cash flow analysis. Recent earnings show strong performance with Q3 sales of US$1.17 billion and net income rising to US$178.42 million from last year’s figures. Despite high debt levels, the company benefits from robust growth forecasts in revenue and profit, supported by strategic partnerships like the one approved with Codelco in China’s lithium market.

• Upon reviewing our latest growth report, Sociedad Química y Minera de Chile’s projected financial performance appears quite optimistic.

• Navigate through the intricacies of Sociedad Química y Minera de Chile with our comprehensive financial health report here.

SQM Discounted Cash Flow as at Dec 2025Summing It All Up

• Get an in-depth perspective on all 206 Undervalued US Stocks Based On Cash Flows by using our screener here.

• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.

• Streamline your investment strategy with Simply Wall St’s app for free and benefit from extensive research on stocks across all corners of the world.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

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 LGND KR and SQM.

This article was originally published by Simply Wall St.

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

Passive investing in index funds can generate returns that roughly match the overall market. But you can significantly boost your returns by picking above-average stocks. To wit, the Sociedad Química y Minera de Chile S.A. (NYSE:SQM) share price is 75% higher than it was a year ago, much better than the market return of around 14% (not including dividends) in the same period. So that should have shareholders smiling. On the other hand, longer term shareholders have had a tougher run, with the stock falling 20% in three years.

So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.

AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10bn in marketcap – there is still time to get in early.

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Sociedad Química y Minera de Chile went from making a loss to reporting a profit, in the last year.

When a company has just transitioned to profitability, earnings per share growth is not always the best way to look at the share price action.

Unfortunately Sociedad Química y Minera de Chile's fell 9.2% over twelve months. So using a snapshot of key business metrics doesn't give us a good picture of why the market is bidding up the stock.

You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).

NYSE:SQM Earnings and Revenue Growth December 18th 2025

Sociedad Química y Minera de Chile is a well known stock, with plenty of analyst coverage, suggesting some visibility into future growth. If you are thinking of buying or selling Sociedad Química y Minera de Chile stock, you should check out this free report showing analyst consensus estimates for future profits.

A Different Perspective

We're pleased to report that Sociedad Química y Minera de Chile shareholders have received a total shareholder return of 75% over one year. That's including the dividend. That's better than the annualised return of 10% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Sociedad Química y Minera de Chile better, we need to consider many other factors. For instance, we've identified 2 warning signs for Sociedad Química y Minera de Chile (1 is a bit concerning) that you should be aware of.

But note: Sociedad Química y Minera de Chile may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

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

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / December 15, 2025 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company", or "Stillwater") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "bought deal" private placement (the "Underwritten Offering") from gross proceeds of C$10,000,400 to gross proceeds of C$15,000,140. Pursuant to the upsized Underwritten Offering, Red Cloud Securities Inc. ("Red Cloud"), as co-lead underwriter and sole bookrunner, and Research Capital Corporation (collectively with Red Cloud, the "Underwriters"), as co-lead underwriter, will purchase for resale 32,609,000 units of the Company (each, a "Unit") at a price of C$0.46 per Unit (the "Offering Price").

Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (a "Warrant Share") at a price of C$0.64 at any time on or before that date which is 36 months following the Closing Date (as herein defined).

The Company will grant to the Underwriters an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 4,348,000 Units at the Offering Price for additional gross proceeds of up to C$2,000,080 (the "Over-Allotment Option"). The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the "Offering".

The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company's flagship Stillwater West Ni-PGE-Cu-Co+Au project in the Stillwater mining district in Montana, U.S., as well as for general corporate purposes and working capital, as is more fully described in the Amended Offering Document (as defined herein).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers in certain of the provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares and the Warrant Shares underlying the Units are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended(the "U.S. Securities Act"). All securities not issued pursuant to the Listed Issuer Financing Exemption will be subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the Closing Date.

There is an amended and restated offering document (the "Amended Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: www.criticalminerals.com. Prospective investors should read this Amended Offering Document before making an investment decision.

The Offering is scheduled to close on or about December 30, 2025 or such other date as the Company and Red Cloud may agree (the "Closing Date"). Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV").

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Securities to be issued pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Stillwater Critical Minerals Corp.

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

Stillwater also holds a 49% interest in the high-grade Drayton-Black Lake-gold project adjacent to Nexgold

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

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

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

SOURCE: Stillwater Critical Minerals Corp.

View the original press release on ACCESS Newswire

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESS Newswire / December 15, 2025 / Stillwater Critical Minerals Corp. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:J0G) (the "Company" or "Stillwater") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud"), as co-lead underwriter and sole bookrunner, pursuant to which Red Cloud and Research Capital Corporation (collectively with Red Cloud, the "Underwriters"), as co-lead underwriter, will purchase for resale 21,740,000 units of the Company (each, a "Unit") at a price of C$0.46 per Unit (the "Offering Price") on a "bought deal" basis in a private placement for gross proceeds of C$10,000,400 (the "Underwritten Offering").

Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (a "Warrant Share") at a price of C$0.64 at any time on or before that date which is 36 months following the Closing Date (as herein defined).

The Company will grant to the Underwriters an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to purchase for resale up to an additional 4,348,000 Units at the Offering Price for additional gross proceeds of up to C$2,000,080 (the "Over-Allotment Option"). The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the "Offering".

The Company intends to use the net proceeds of the Offering for the exploration and advancement of the Company's flagship Stillwater West Ni-PGE-Cu-Co+Au project in the Stillwater mining district in Montana, U.S., as well as for general corporate purposes and working capital, as is more fully described in the Offering Document (as defined herein).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers in certain of the provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares and the Warrant Shares underlying the Units are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended(the "U.S. Securities Act"). All securities not issued pursuant to the Listed Issuer Financing Exemption will be subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the Closing Date.

There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: www.criticalminerals.com. Prospective investors should read this Offering Document before making an investment decision.

The Offering is scheduled to close on or about December 30, 2025 or such other date as the Company and Red Cloud may agree (the "Closing Date"). Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV").

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities to be issued pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

About Stillwater Critical Minerals Corp.

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

Stillwater also holds a 49% interest in the high-grade Drayton-Black Lake-gold project adjacent to Nexgold

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

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

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

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

Forward-Looking Statements

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

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

SOURCE: Stillwater Critical Minerals

View the original press release on ACCESS Newswire

TORONTO, Dec. 15, 2025 /CNW/ – Mirco Wojnarowicz, the CEO of Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce:

Rock Tech Lithium Inc. ("Rock Tech" or the "Company") welcomes the Province of Ontario's approval and launch of the CAD $500 million Critical Minerals Processing Fund ("CMPF"), a milestone initiative designed to accelerate the province's critical minerals processing capacity and strengthen Ontario's position in the global battery materials supply chain.

Rock Tech's proposed Lithium Conversion Facility (the "Converter") in Red Rock, Ontario directly aligns with the CMPF's mandate to support midstream critical minerals processing projects in the province. The Converter is designed to deliver domestic lithium conversion capacity for battery-grade products, reduce reliance on offshore processing, and anchor downstream investment in Ontario's electric vehicle and energy storage supply chain.

The CMPF represents a clear signal to global markets that Ontario is committed to scaling up processing capacity needed to support the energy transition. By enabling new critical mineral projects and midstream processing facilities, the fund will help catalyze investment, create jobs, and anchor long-term economic benefits across the province.

As a technology company advancing its Georgia Lake lithium mining project and a lithium conversion facility in Ontario, located only about 60 kilometers apart, Rock Tech sees the CMPF as an important building block in establishing a regional and integrated lithium battery supply chain. The planned design of the Converter in Red Rock is directly based on Rock Tech's fully permitted, shovel-ready converter in Guben, Germany, which was recently designated an EU Strategic Project under the European Critical Raw Materials Act (CRMA). This foundation gives the Converter a uniquely advanced and de-risked design — positioning it as one of the most technically mature lithium conversion projects in North America.

"We applaud the Government of Ontario for taking bold action to support critical minerals development," said Mirco Wojnarowicz, CEO of Rock Tech Lithium. "With the CMPF now approved, Ontario is sending a clear signal that it intends to lead in battery materials. Our Converter in Red Rock, built on the engineering and experience behind our EU CRMA Strategic Project in Germany, is exceptionally well-positioned to help deliver the processing capacity the province needs to compete globally."

Rock Tech has invested more than 350,000 engineering hours and CAD 65 million into the design of its lithium conversion facilities. The Company will continue to work closely with provincial partners, Indigenous communities, and industry stakeholders to support the development of an integrated, competitive, and resilient lithium supply chain in Ontario.

On behalf of the Management

Mirco WojnarowiczCEO, Rock Tech Lithium Inc.

ABOUT ROCK TECHRock 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 hydroxide converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 36,000 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 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 First Nations communities. By integrating recycled materials, the company aims to close the local battery loop.

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

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the anticipated reduction in operating costs for the Guben Converter and the underlying assumptions supporting the updated OpEx model, including projected savings from transport and logistics, reagent procurement, fixed costs, leach residue reuse, and additional operational efficiencies; the implementation of a revised logistics concept and updated spodumene supply contract; the finalization of binding offtake agreements for leach residues; the expected annual production capacity of 24,000 tonnes of lithium hydroxide; the timing and outcome of the Company's review of capital expenditures and updated financial model; the Company's ability to secure project financing including the support and subsidies from government and EU; the anticipated construction timeline, commissioning, and operational start-up of the Guben Converter; and the Company's broader business strategy, including its role in Europe's battery supply chain and contribution to the energy transition. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made. Forward-looking information is derived utilizing numerous assumptions regarding, among other things:; the availability and terms of long-term energy supply agreements and reagent procurement contracts;; the Company's ability to secure sufficient financing on acceptable terms; the availability of skilled labor, equipment, and materials at projected costs; the stability of commodity prices, exchange rates, and general economic conditions; the absence of material disruptions to supply chains, construction schedules, or permitting processes; the accuracy and reliability of technical data, forecasts, and engineering studies. The foregoing list is not exhaustive of all assumptions which may have been used in developing the forward-looking information. While Rock Tech considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect and should not be read as a guarantee of future performance or results. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: delays or failures in securing energy supply agreements, reagent contracts, or offtake arrangements; construction delays, cost overruns, or technical challenges in commissioning the Guben Converter; changes in market conditions, including lithium prices, demand for EV batteries, and availability of financing; regulatory risks, including delays in permitting or changes in applicable laws and regulations; operational risks, including supply chain disruptions, labor shortages, and equipment failures; geopolitical risks, inflationary pressures, and macroeconomic volatility; reliance on third-party contractors and suppliers for critical project components. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cision

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Cision

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More Opportunities for Growth of the Thor Silver Deposit

ESTES PARK, CO / ACCESS Newswire / December 15, 2025 / Taranis Resources Inc. ("Taranis" or the "Company") (TSX.V:TRO)(OTCQB:TNREF) is providing an update on its exploration activities at Thor. The Company is engaged in efforts to expand the Thor epithermal deposit beyond the boundaries of the published Mineral Resource. In two prior News Releases dated October 27, 2025 and November 25, 2025, respectively, the Company has summarized one new drill hole discovery 1.4 km east-southeast of the Thor deposit (Borr), and a new exploration target extending almost 2 km southeast of the known deposit under the Ferguson Rockslide.

This release summarizes 2025 exploration field work which demonstrates additional exploration targets west of the Thor deposit in a large elliptical valley called Horton, and additional findings at the Mountain Goat Creek Rockslide target located approximately 800m northwest of the existing Thor deposit. These new discoveries and targets give the impression that near-surface epithermal mineralization extends laterally a considerable distance from the five historical mines which comprise the established core of the Thor project and NI 43-101 Mineral Resource.

Horton Area – West of Thor Deposit (Gold and Donkey Pits)

After the discovery of numerous high-grade gold and silver float samples in the Horton Area (Taranis News release, dated November 26, 2023), Taranis completed a large soil sampling grid, geophysical surveys, and rock sampling over the area in 2024 to locate the source of soil anomalies and high-grade float samples found at surface. Since 2023, numerous other high-grade float samples have been catalogued and collected in this area. The high-grade material occurs as football-to-automobile sized chunks and is most commonly hosted in milky white quartz which litters the surface cover of the area. In 2025, further soil sampling and mapping of mineralized boulders was completed at Horton. Soil sampling returned values of up to 1.4 g/t gold in the soil, and was able to confirm prior soil sample anomalies identified in 2024. Uphill and north of this area, an area of outcropping quartz stockwork returned gold and silver values from outcrop of up to 0.617 g/t gold and 27 g/t silver.

Sample Number	Au (g/t)	Ag (g/t)	Sample Media	Feature Location	Location(UTM Zone 11N WGS84)
Donkey Pit	0.617	27	Outcrop – Quartz Stockwork located in old prospecting site	North of Horton on steep hillside	464475E 5616372N

The location of Donkey Pit is shown on the map of the Horton area that accompanies this News Release. A linear trend of ground VLF, EM-37 and Expert Geophysics airborne apparent conductivity electromagnetic anomalies strikes northwest through this area and potentially represents a new trend of mineralization west of the Thor deposit.

Gold Pit is an extremely high-grade prospect that lies on the east side of the Horton Valley, and lies at the transition from the Thor epithermal vein area to the Horton area. Some of the sampling results are discussed in prior News Releases (January 14, 2015 and November 14, 2017) and include channel samples of 26.6 g/t Au, 1,245.7 g/t Ag, 3.08% Pb, 4.32% Zn and 0.55% Cu over 1.53 m true thickness, and 52.4 g/t Au, 1,541.8 g/t Ag, 1.39% Pb and 0.08% Zn over 2.04 m true thickness. The Expert Geophysical magnetotelluric survey identified a circular (500m by 500m) conductive body that extends from near surface to 700m depth directly under Gold Pit. At a depth of 700m below the surface, the conductive feature merges onto the South Tusk conductivity feature under the Horton Area. This feature has never been tested with diamond drilling, and is now rated a high priority for further exploration.

Mountain Goat Creek Rockslide – Northwest of Thor Deposit (SIF North Boulder Field)

A newly discovered rockslide occurs at the north end of the Thor epithermal deposit and has been named the Mountain Goat Creek Rockslide. This is a steep, north-facing landform consisting of three separate rockslides (see the figure attached to this News Release). Interest in this area was initiated in 2016 after the discovery of gold-bearing float at surface that had no known source. With the discovery of the Thunder Zone in 2022 under a south-facing rockslide, drilling progressively moved up Thor's Ridge and eventually reached the top of the Ridge in 2023.

Taranis has never conducted any drilling north of Thor's Ridge. The gold-bearing boulder field is located about 1 km north of the top of Thor's Ridge and measures approximately 150 x 50m. Although the source of these gold-bearing boulders is not currently known, they clearly have origins under the Mountain Goat Creek Rockslide. All of the float samples are from quartz-carbonate vein material, and they were only analyzed for gold.

The following table summarizes 12 of 18 grab samples taken from the toe of the Mountain Goat Creek Rockslide. Samples 3241419 – 3241423 and 3241425 returned traces of gold, and are not shown.

Sample Number	Au (g/t)	Sample Media	Feature Location	Location (UTM Zone 11N WGS84)
3241408	0.361	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463627E 5618166N
3241409	0.034	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463627E 5618168N
3241410	0.145	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463632E 5618166N
3241411	0.640	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463634E 5618167N
3241412	0.131	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463623E 5618166N
3241413	0.028	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463624E 5618169N
3241414	2.810	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463625E 5618171N
3241415	0.110	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463628E 5618175N
3241416	0.005	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463630E 5618178N
3241417	0.015	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463633E 5618178N
3241418	0.022	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463630E 5618181N
3241424	0.394	Float (Grab Sample)	Toe of Mtn. Goat Creek Rockslide	463628E 5618178N

Comments

Taranis has documented quality exploration targets located north, south, west and east of the existing Thor deposit. All of these exploration targets are drill ready and permitted, and have potential to expand the existing Mineral Resource. The Horton Area has two defined exploration targets, one being located in an area where gold and silver has been found in outcrop (Donkey Pit) and the other related to a large circular conductivity anomaly that underlies high-grade outcropping mineralization in Gold Pit. The identification of a rockslide north of the Thunder Zone, where gold mineralization has been found at the toe of a north-verging rockslide, suggests that the Thor deposit extends northward over Thor's Ridge towards the Mountain Goat Creek area.

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.

Quality Control and Laboratory Methods

All samples for the Thor project were securely delivered to Actlabs in Kamloops, British Columbia. Analytical work was completed both at the Kamloops, and Ancaster, Ontario locations. Actlabs is ISO 17025 accredited. Outcrop and float sampling is conducted in the field where representative samples are collected. Rock Samples are bagged and identified with a laboratory ticket, and the location of the samples is noted with a differential GPS unit. Samples were analyzed for 42 elements by 4-Acid Digestion / Inductively Coupled Plasma – Mass Spectrometry ("ICP-MS") and for gold by 30g Fire Assay / Atomic Absorption Spectrophotometry ("AAS")

Taranis currently has 102,421,487 shares issued and outstanding (119,972,613 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: (303) 716-5922Cell: (720) 209-3049johnjgardiner@earthlink.net

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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

SOURCE: Taranis Resources, Inc.

View the original press release on ACCESS Newswire

TORONTO, Dec. 12, 2025 /CNW/ – Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

The agreement between the Company and ICP was signed with a start date of December 11th, 2025, and is for four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each such month, an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. ICP will be paid a cash monthly fee of C$7,500, plus applicable taxes from the Company's general working capital. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement.

ICP does not currently have any direct or indirect interest in the Company or its securities. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

ABOUT ICP SECURITIES INC.

ICP Securities Inc. is a Toronto-based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

ABOUT ROCK TECH

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 hydroxide converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 36,000 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 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 First Nations communities. By integrating recycled materials, the company aims to close the local battery loop.

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

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATION

Certain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information pertaining to: the partnership between the Company and ICP, the market making activities to be performed by ICP; the anticipated benefits of the market making arrangement, including the potential for improved liquidity and trading in the Company's shares; and the Company's broader business strategy, including its role in Europe's battery supply chain and contribution to the energy transition. Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from the forward-looking statements. Key risks and uncertainties include, but are not limited to: failure of ICP to provide effective market making services and the impact of such failure on the liquidity and trading of the Company's shares; changes in market conditions, trading volumes, or regulatory requirements; and the Company's ability to execute its business strategy and achieve its objectives. There may also be other factors that cause actual results to differ materially from the forward-looking statements, including the risks, uncertainties and other factors discussed in the Company's most recent management's discussion and analysis and annual information form filed with the applicable securities regulators. Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in certain cases, third party experts, that are believed by management of Rock Tech to be reasonable at the time they were made, including assumptions regarding: the ability of ICP to provide market making services as agreed; the Company's ability to advance its projects as planned; the accuracy of technical and economic analyses for the Company's projects; and the Company's ability to secure necessary permits, financing, and regulatory approvals. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, and the Company cautions the reader not to place undue reliance upon any such forward-looking statements. The Company does not intend, nor does it assume any obligation to update or revise any of the forward-looking statements, whether as a result of new information, changes in assumptions, future events or otherwise, except to the extent required by applicable law.

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, British Columbia–(Newsfile Corp. – December 10, 2025) – IMAGINE LITHIUM INC. (TSXV: ILI) (OTCQB: ARXRF) (the "Company" or "Imagine") is pleased to announce a strategic land acquisition in the prolific Georgia Lake Pegmatite Field (GLPF), increasing its overall prolific exploration area by 45% at its 100%-owned Jackpot Lithium Project, located near Thunder Bay, Ontario, Canada. The addition of the 'SPOD Lithium Option' of 8,449 ha brings the total land package held by Imagine to a total of 27,597 ha of prospective geology in the GLPF.

The addition of the 'SPOD Option Claims' creates a continuous land position between the NI 43-101 compliant Jackpot deposit and Rock Tech Lithium's Nama Creek deposit to the north, representing a strategic land acquisition that strengthens Imagine's exploration footprint moving forward (Figure 1).

Simone Suen, President of Imagine, stated: "We are pleased to announce the acquisition of a substantial land package for our Jackpot Project, consolidating significantly more prospective ground and positioning Imagine Lithium as the largest land holder in the Georgia Lake region. This expansion enhances synergies with Rock Tech Lithium's Nama Creek Project and strengthens Imagine's ability to advance our Mineral Resource inventory, currently at 3.1 Mt indicated and 5.3 Mt inferred (with grades of 0.85% and 0.91% Li2O, respectively). The outcome of the 2025 field season continue to refine our exploration model for the belt, underscoring the value of methodical exploration in identifying new deposits. Access to nearby infrastructure, ports, and a skilled workforce further supports the potential to bring Ontario's first lithium deposit into production."

Under the terms of the agreement, effective December 5, 2025, Imagine Lithium agrees to purchase 100% undivided right, title and interest in the North Nipigon Lithium Property from Spod Lithium Corp, hereby called the 'Spod Lithium Option' (Figure 1). Upon execution of the agreement, the 18 multi-cell mineral claims will be purchased for an aggregate cash payment of CAD$30,000. The claims are subject to a 2% net smelter royalty (NSR) which will be held by Jadeite Capital Ltd.

Figure 1. Jackpot Lithium Project map showing the Jackpot deposit, Nama Creek deposit and 'SPOD Lithium Option' boundary.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2962/277628_3940dd4004e64bec_001full.jpg

The addition of this strategic land package compliments future exploration plans and highlights the discovery potential for multiple open-pit, hard-rock lithium deposits in the Georgia Lake Pegmatite Field. The previously announced mineral resource estimate (see September 3, 2024 News Release) on the Jackpot Project outlines two conceptual pit shells – Jackpot and Casino Royale – both exhibiting good grade continuity and strong potential for resource expansion. The resources remain open along strike and to depth.

RESOURCE HIGHLIGHTS – NI 43-101 MINERAL RESOURCE ESTIMATE

• Indicated Resource: 3.1 Mt grading 0.85% Li₂O (26,200 t contained Li₂O)
• Inferred Resource: 5.3 Mt grading 0.91% Li₂O (49,500 t contained Li₂O)
  • Cut-off Grade: 0.30% Li₂O (pit-constrained)
  • Recovery: 81.5% Li₂O, based on SGS metallurgical testing
  • Bulk Density: 2.69 t/m³
  • Estimation Method: Inverse distance squared (ID²) on 2 × 2 × 2 m blocks
  • Effective Date: September 3, 2024; prepared by P&E Mining Consultants Inc.; technical report filed October 18, 2024.

METALLURGICAL TEST WORK

The early metallurgical results demonstrate that Jackpot mineralization can yield a high-grade spodumene concentrate suitable for the lithium battery supply chain.

• Metallurgical testing was conducted by SGS Lakefield (2022–2023) on a 200 kg composite sample grading 1.72% Li₂O and 0.29% Fe₂O₃.
• Heavy Liquid Separation (HLS) produced a 6.0% Li₂O spodumene concentrate with 81.5% Li₂O recovery, and a concentrate iron content of 0.76% Fe₂O₃, without magnetic separation.
• Additional optimization through dense media separation (DMS) and flotation is expected to further enhance recovery and concentrate grade.
• The Company adopted the 81.5% recovery figure within the MRE cut-off assumptions.

Grant of Options

Imagine further announces that it has granted 7,200,000 options to an officer and director of the company exercisable at $0.05 for a period of 5 years from the date of grant. The options have been granted in accordance with the Company's stock option plan.

Qualified Person

The technical content of this news release was reviewed and approved by Jason Arnold, P.Geo., an Independent Qualified Person as defined by the National Instrument 43-101.

About Imagine Lithium Inc.

Imagine is a junior mining exploration company focused on seeking and acquiring world-class mineral projects. The company holds the Jackpot lithium property located in the Georgia Lake area about 140 km NNE of Thunder Bay, Ontario, is approximately 12 km by road from the Trans-Canada Highway (Hwy 11), and is in proximity to sources of power, railroads, and ports. The Jackpot Property consists of 297 mineral claims covering 18,800 hectares. The Property contains NI 43-101 compliant Mineral Resources of 3.1 Mt grading 0.85% Li2O in the Indicated category and 5.3 Mt grading 0.91% Li2O in the Inferred category, as well as a number of other known pegmatite showings.

ON BEHALF OF THE BOARD

"Simone Sze Man Suen"Simone Sze Man Suen, President

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: +1-807-355-5405 Toll Free: 1-888-945-4770

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.

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedarplus.ca).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277628

Toronto, Ontario–(Newsfile Corp. – December 8, 2025) – Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending November 30, 2025.

Table 1: Olive's Investment Portfolio

Name	Ticker	Sector	Category	(Audited)Value Dec 31, 2024	(Unaudited)Value Sep 30, 2025(1)	(Unaudited)Value Nov 30, 2025(1)
Omai Gold Mines Corp.(2)	OMG.v	Precious Metals	Public Equity	$456,720	$3,379,050	$3,253,900
Black Sheep Ventures Inc.	Private	Real Estate	Private Equity & Conv. Debenture	$1,265,936	$1,265,936	$1,265,936
Sterling Metals Corp. (inc. Warrants)	SAG.c	Base Metals	Public Equity	$85,906	$1,625,864	$1,252,706
Arizona Sonoran Copper Co.	ASCU	Base Metals	Public Equity	$255,780	$581,400	$748,600
Troilus Gold Corporation (inc. Warrants)	TLG	Precious Metals	Public Equity	$190,800	$610,680	$738,840
Bravo Mining Corp.	BRVO.v	Precious Metals	Public Equity	$169,100	$477,500	$530,400
Aurion Resources Ltd.	AU.v	Precious Metals	Public Equity	$222,075	$458,280	$446,220
Sailfish Royalty Corp.	FISH.v	Precious Metals	Public Equity	$166,888	$435,402	$408,358
Aquitaine Metals Corp.	Private	Precious Metals	Private Equity	–	$323,190	$324,536
Public Equity Liquid Investments and Working Capital (3)				$1,417,143	$2,755,927	$2,473,384
Other Public Equity Fundamental Investments Incl. Warrants (4)				$1,378,797	$1,691,263	$2,161,914
Other Private Equity, Loans, & Convertible Debenture Investments				$809,979	$747,795	$929,548
Total Value				$6,419,124	$14,352,286(5)	$14,534,343(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.

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.

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, 2024 to November 30, 2025 is primarily as a result of stock price appreciation of the investments.

Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "November was a strong month for the commodity complex. Gold and copper rose strongly, with the equities outperforming the commodity. In oil, despite negative sentiment for the commodity, the equities posted strong positive performance. With strong global liquidity continuing, and the weak seasonal Fall period coming to an end, at Olive we were net buyer of equities for the month. We are looking ahead to the first months of the new year, which are historically associated with strong performance for the commodity complex."

Derek Macpherson, the Company's Executive Chairman stated: "With copper and gold rallying, Olive's portfolio rallied, erasing the small losses from October and moving Olive's investment performance into positive territory for Q4 2025 despite a challenging October. Olive is now up 126% on its investments in 2025."

Normal Course Issuer Bid ("NCIB")

As of the date of this release, the Company holds 1,000,000 common shares in treasury pending cancellation.

As of the date of this release Olive Resource Capital Inc. has 106,144,709 common shares outstanding.

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 or by phone at (202)677-8513. 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/277259

Modern analytical data to support upcoming interpretation, drill targeting and updated geological modelling

VANCOUVER, BC / ACCESS Newswire / December 8, 2025 / Apex Critical Metals Corp. (CSE:APXC)(FSE:KL9)(OTCQB:APXCF) ("Apex" or the "Company"), a Canadian mineral exploration company focused on the identification and development of critical and strategic metals, is pleased to announce that it has completed its 2025 re-logging and re-sampling program of preserved historical drill core from the Rift Rare Earth Project, located near Elk Creek, Nebraska, USA.

The program was designed to establish a modern analytical baseline for the Rift carbonatite system by applying today's advanced geochemical and geological methods to drill core originally drilled by Molycorp Inc. during the 1970s and 1980s. A substantial portion of this core was preserved through the Conservation and Survey Division, School of Natural Resources at the University of Nebraska-Lincoln, enabling a rare opportunity for modern re-evaluation (see Image 1 below).

Image 1: Apex’s geological team evaluating historical drill core (left) and preserved core from EC-93 pictured (right).

The 2025 program included:

• Re-logging of prioritized Molycorp drillholes within Apex's Rift land position

• Modern geological descriptions to verify lithologies, alteration, and mineralized intervals

• Photography of drill core for future referencing

• Selection and collection of samples for multi-element analysis

• Submission of samples to Actlabs for Fusion ICP-MS, ICP-OES, and XRF analysis

• Initial data review and modelling now underway, with assay results expected to be compiled and interpreted during Q1-2026

Apex CEO, Sean Charland, stated: "Completing this program is an important milestone for Apex. Having access to the preserved Molycorp drill core is a unique advantage, and our 2025 re-logging and re-sampling initiative provides the first modern analytical foundation for understanding the scale and grade potential at Rift. This work allows us to accelerate our geological modelling, refine drill targeting, and build toward a more comprehensive evaluation of this significant rare earth and niobium system."

The Rift Project covers a series of carbonatite and related intrusive rocks forming part of the broader Elk Creek Carbonatite Complex, one of North America's most prospective districts for rare earth elements ("REE") and niobium. Historical drilling by Molycorp identified multiple zones of REE- and niobium-bearing carbonatite within Apex's holdings; however, these historical results pre-date NI 43-101, are non-compliant, and are not being treated as current resources. Modern re-logging and assay data will allow Apex to improve geological and structural interpretations, validate and refine historical intervals, support 2026 drill targeting, and progress toward potential future resource modelling after the Company has completed its planned phased drilling during 2026.

With the 2025 program now complete, the Company is compiling and interpreting newly generated analytical data, updating the geological model for the Rift carbonatite system, defining additional priority drill targets for the next phase of exploration, and continuing permitting and operational planning for drilling anticipated to commence in early 2026. A further update will be provided upon completion of data interpretation and integration into the Rift geological framework.

Marketing Update

The Company is also pleased to announce it has extended its investor relations agreement with Rumble Strip Media Inc. ("Rumble") to enhance its investor awareness. Pursuant to the agreement, Rumble will provide certain social media, marketing and consulting services to Apex. In consideration, Apex will pay CAD$1,000,000 to Rumble, with CAD$250,000 to be paid upfront. The extension commences December 5, 2025, for a three-month term ending March 5, 2025. The services to be provided by Rumble constitutes investor relations activities within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange. Rumble and its principals are arm's length to the Company and, to the knowledge of the Company, Rumble does not own, control, or direct any securities of the Company.

Stock Options

The Company wishes to announce that it has granted (the "Grant") an aggregate of 75,000 incentive stock options (each, an "Option") to purchase up to 75,000 common shares of the Company (each, a "Share") to a consultant under its Equity Incentive Plan. The Options are exercisable for a period of four (4) years from the date of Grant, expiring on December 5, 2027, at a price of $2.50 per Share. Additionally, the Company announces that is has granted an aggregate of 25,000 restricted share units (each, a "RSU"). The Options and RSU's will vest six (6) months from the date of grant. All Options and the Shares underlying such Options are subject to a hold period of four months and one day from the date of issuance.

Qualified Person

The technical content of this news release has been reviewed and approved by Nathan Schmidt, P. Geo., Geologist for Dahrouge Geological Consulting Ltd. and a Qualified Person under NI 43-101 on standards of disclosure for mineral projects.

The results discussed in this document are considered historical. An Apex Critical Metals Corp. qualified person has not performed sufficient work or data verification to validate these historical results in accordance with NI 43-101, and therefore results should not be relied upon until such time that the Company has carried out its own sampling, drilling and modern analysis.

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-REE deposits. Historical drilling across the complex has reported broad intervals of high-grade REE mineralization, including intercepts such as 155.5 m of 2.70% REO and 68.2 m of 3.32% REO.

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 a significant 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.

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 Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at www.apexcriticalmetals.com and to sign up for free news alerts please go to https://apexcriticalmetals.com/news/news-alerts/, or follow us on X (formerly Twitter), Facebook or LinkedIn.

On Behalf of the Board of Directors

APEX CRITICAL METALS CORP.,

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

Neither 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 with respect to anticipated assay results from remaining 2025 drillholes, 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

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

OTTAWA, ON, Dec. 8, 2025 /CNW/ – Northern Shield Resources Inc. ("Northern Shield" or the "Company") (TSXV: NRN) is pleased to announce a strategic non-brokered private placement with Labrador Gold Corp. (TSXV: LAB) ("LabGold"), whereby LabGold will subscribe for 16,666,667 subscription receipts of the Company ("Subscription Receipts") at a price of $0.06 per Subscription Receipt for aggregate gross proceeds of $1,000,000 (the "Offering").

"We are very pleased with the proposed investment partnership with Labrador Gold and are also proud that we will be their first investment as an investment issuer. Under the leadership of Mr. Roger Moss, LabGold has a successful track record in Newfoundland and Labrador by implementing a systematic exploration strategy that ultimately led to the buyout of their Kingsway project by NewFound Gold. Roger has recognized that traditional financings for early-stage greenfield projects, where the big discoveries are usually made, are disappearing and the proposed transition to a hybrid mining/investment issuer is timely and fits well with Northern Shield's innovative thinking.

There is continuing, and increasing, interest in the potential for porphyry copper/gold systems in the Avalon Terrane in Newfoundland, as exemplified at the Mineral Resources Review Conference in St, John's in November where an update on the Root & Cellar Project was well received with the rocks on display attracting much attention. Northern Shield's recent exploration results at the Creston target is an indication that the porphyry potential is significant for the Property to host a large, well-preserved, epithermal gold and porphyry copper system. We are glad that this rare opportunity was recognized by Roger and his strong technical team.

This funding is the cornerstone for the exploration program at Root & Cellar planned for the remainder of 2025 and into 2026, which will include geophysical surveys over the copper target and 5,000+ metres of drilling split between Creston copper and Conquest gold, and also follow up at the Braxton Bradley Zone, located 5 km north-east of Creston, which hosts gold-silver-tellurium mineralization, where soil sampling was recently completed and where copper-gold-silver mineralized boulders have been found. We look forward to the investment partnership with LabGold which will help us bring the property to the next level"

– Ian Bliss, President and CEO, Northern Shield

The aggregate gross proceeds of the Offering (the "Escrowed Funds") will be held in escrow pursuant to the terms of a subscription receipt escrow agreement to be entered into between the Company and LabGold, and the release of the Escrowed Funds will be conditional upon, among others, receipt of LabGold shareholder and regulatory approval with respect to LabGold's change of business (the "Escrow Release Conditions").

Each Subscription Receipt will entitle LabGold to receive, without any further action or any additional consideration, and subject to adjustment, one (1) unit of the Company (a "Unit") upon satisfaction of the Escrow Release Conditions (the "Escrow Release Date"). Each Unit consists of one (1) common share of Northern Shield (a "Common Share") and one (1) common share purchase warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share (a "Warrant Share") at a price of $0.10 per Warrant Share for a period of 36 months from the Escrow Release Date.

As additional consideration for LabGold in respect of the Offering, for as long as LabGold retains at least a 10% equity interest in the Company, LabGold shall have the following rights: (i) a pre-emptive right to participate in future financings of Northern Shield to maintain its equity interest in the Company following the issuance of the Units to LabGold; and (ii) the right to appoint a technical advisor to help guide exploration activities carried out on the Company's properties. The Units will be subject to a voluntary lockup agreement prohibiting the trading of the Common Shares, Warrants, or Warrant Shares for a period of four months from the Escrow Release Date.

If the Escrow Release Conditions are not satisfied or waived on or before the date that is 120 days following the closing date of the Offering, or if the Offering is terminated, the Subscription Receipts will be cancelled without any further action, and the Escrowed Funds and any interest earned thereon will be returned to LabGold, less an amount of $20,000 to be paid to Northern Shield as reimbursement for its reasonable expenses in relation to the Offering.

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

In connection with the Offering, the Company will use the cash proceeds to continue the diamond drilling program at the Company's Root & Cellar Project and for general working capital purposes.

The securities have not and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Northern Shield Resources

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

Forward-Looking Information

This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's assessment of the Company's plans and operations relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contains these identifying words.

More particularly and without limitation, the forward‐looking information in this news release includes (i) expectations regarding the Company's financing plans and receipt of TSXV approvals and the timing thereof; (ii) expectations regarding the Offering and the timing and closings thereof; (iii) expectations concerning the Company's plans and objectives in respect of the Offering's gross proceeds; (iv) expectations regarding satisfaction of the Escrow Release Conditions; and (v) expectations concerning the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect and are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.

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 of this release.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/08/c2148.html

We came across a bullish thesis on FMC Corporation on DeepValue Capital’s Substack. In this article, we will summarize the bulls’ thesis on FMC. FMC Corporation's share was trading at $13.84 as of December 1st. FMC’s trailing and forward P/E were 30.22 and 5.92 respectively according to Yahoo Finance.

hedgehog94/Shutterstock.com

FMC Corporation (NYSE: FMC) is a global agricultural chemical company specializing in herbicides, fungicides, and insecticides, known for its strong research pipeline and deep intellectual property moat. Following a 75% stock decline from 2022 highs amid a destocking cycle and weaker pricing, the company now trades at historically low valuation levels, presenting a potential turnaround story. FMC’s destocking headwinds appear to be easing as product use on farms has surpassed distributor sales in recent quarters, signaling inventory normalization.

Its innovation-led model—anchored by patented molecules such as Rynaxypyr® and Cyazypyr®—and new products like Fluindapyr, Isoflex™, and Dodhylex™ support a path toward renewed growth, especially as markets like Brazil and Latin America expand. The company is also divesting its low-margin India commercial business to reallocate capital toward higher-return opportunities while establishing a direct-to-grower sales model in Brazil. With biologicals growing over 20% annually and favorable industry tailwinds tied to global food demand, FMC is well-positioned for a cyclical rebound.

Financially, FMC maintains a strong balance sheet with manageable maturities beginning only in 2029 and ample liquidity. Management aims to reduce leverage while sustaining a 7%+ dividend yield. Historical returns on capital have been robust, with a median ROIC near 17%. Risks remain tied to commodity cycles, competitive pressures, and execution of new initiatives, but the destocking recovery, new product launches, and balance sheet strength underpin the upside case. Based on management’s 2027 targets and normalized free cash flow assumptions, fair value estimates suggest potential appreciation toward $75–$80 per share—implying nearly 2.5x upside from current levels.

Previously we covered a bullish thesis on Corteva, Inc. (CTVA) by Business Model Mastery in May 2025, which highlighted the company’s strong patent portfolio, digital ecosystem, and margin-rich biologicals. The company’s stock price has appreciated approximately by 7.66% since our coverage. This is because the thesis played out amid resilient IP-driven growth. The thesis still stands as agricultural innovation remains durable. DeepValue Capital shares a similar view but emphasizes FMC’s turnaround from destocking and innovation-led recovery.

FMC Corporation is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 43 hedge fund portfolios held FMC at the end of the second quarter which was 38 in the previous quarter. While we acknowledge the potential of FMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW

Disclosure: None.

Vancouver, British Columbia–(Newsfile Corp. – December 5, 2025) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce that the drilling in the South Gold Zone has been completed. The drill holes are those recommended by SRK Consulting Canada, Figure 1.

Alkalic Porphyry Copper-Gold mineralization that occurs at Miner Mountain encompasses near-surface, disseminated gold mineralization in the South Gold Zone and deeper porphyry structural controlled copper-gold mineralization in the Cuba Zone.

The drill core is now being logged and sampled with first samples ready to ship to the lab.

The South Gold Zone diamond drill holes are now being logged and sampled with first samples ready to ship to AGAT Laboratories Calgary, Alberta

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/277056_image1.jpg

Figure 1. Proposed drill holes (green) at the South Gold Zone, gold grade (Au) and intervals of diamond drill holes, the boundary of mineralization (red) and on a geological base map.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/277056_28b8a22df4ae9905_001full.jpg

Copper-Gold Cuba Zone deep hole drilling is now underway. Figure 2

Figure 2. North-northeast long section of the Cuba Zone mineralization; distance between horizontal lines is 150 m.

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/277056_6f86bf5004aabbe3_001full.jpg

J Paul Stevenson, CEO, Director

For further information please contact: J. Paul Stevenson, CEO (604) 682-2933 ceo@segoresources.com

About the Project

Sego is 100% owner of the Miner Mountain Project, an alkalic copper-gold porphyry and gold exploration project located near Princeton, British Columbia. The property is 2,056 hectares in size and is 15 km north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain Project is situated. Sego has received an Award of Excellence for its reclamation work on the Miner Mountain Project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277056

Let's talk about the popular Sociedad Química y Minera de Chile S.A. (NYSE:SQM). The company's shares received a lot of attention from a substantial price increase on the NYSE over the last few months. The company is now trading at yearly-high levels following the recent surge in its share price. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s take a look at Sociedad Química y Minera de Chile’s outlook and value based on the most recent financial data to see if the opportunity still exists.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

What Is Sociedad Química y Minera de Chile Worth?

The stock seems fairly valued at the moment according to our valuation model. It’s trading around 7.1% below our intrinsic value, which means if you buy Sociedad Química y Minera de Chile today, you’d be paying a reasonable price for it. And if you believe the company’s true value is $67.85, then there’s not much of an upside to gain from mispricing. Although, there may be an opportunity to buy in the future. This is because Sociedad Química y Minera de Chile’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company’s shares will likely fall by more than the rest of the market, providing a prime buying opportunity.

View our latest analysis for Sociedad Química y Minera de Chile

What kind of growth will Sociedad Química y Minera de Chile generate?NYSE:SQM Earnings and Revenue Growth December 4th 2025

Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Sociedad Química y Minera de Chile. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What This Means For You

Are you a shareholder? SQM’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough confidence to invest in the company should the price drop below its fair value?

Are you a potential investor? If you’ve been keeping an eye on SQM, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

If you'd like to know more about Sociedad Química y Minera de Chile as a business, it's important to be aware of any risks it's facing. Every company has risks, and we've spotted 2 warning signs for Sociedad Química y Minera de Chile (of which 1 doesn't sit too well with us!) you should know about.

If you are no longer interested in Sociedad Química y Minera de Chile, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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

It has been about a month since the last earnings report for Archer Daniels Midland (ADM). Shares have added about 6.2% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is ADM due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Archer Daniels Midland Company before we dive into how investors and analysts have reacted as of late.

ADM Q3 Earnings Beat Estimates, Revenues Increase 2.2% Y/Y

Archer Daniels Midland posted third-quarter 2025 results, wherein the top line fell short of the Zacks Consensus Estimate but increased year over year. Meanwhile, earnings surpassed the Zacks Consensus Estimate but declined from the same period last year.Adjusted earnings of 92 cents per share surpassed the Zacks Consensus Estimate of 89 cents. However, the figure decreased from adjusted earnings of $1.09 per share in the year-ago quarter. On a reported basis, Archer Daniels’ third-quarter earnings were 22 cents per share, up from 4 cents in the year-ago quarter.Revenues gained 2.2% year over year to $20.4 billion, but missed the consensus estimate of $20.7 billion. Segment-wise, revenues for Ag Services & Oilseeds increased 3.5% year over year to $15.6 billion, while Carbohydrate Solutions’ revenues decreased 5.9% year over year to $2.7 billion. Nutrition’s revenues rose 4.6% year over year to $1.92 billion. The Zacks Consensus Estimate for the segments’ revenues was pegged at $15.7 billion, $2.9 billion and $1.9 billion, respectively. Revenues from Other Business are flat at $109 million compared with the figure in the prior-year period.The gross profit decreased 7% year over year to $1.3 billion, while the gross margin stood at 6.2%. Selling, general and administrative expenses declined to $873 million from $905 million in the year-ago quarter.Archer Daniels reported adjusted segmental operating profit of $845 million, down 19% from the year-ago quarter. The company has a trailing four-quarter return on invested capital of 6.7% on an adjusted basis.

ADM’s Segmental Operating Profit

Adjusted operating profit for Ag Services & Oilseeds dropped 21% year over year to $379 million. The Ag Services subsegment’s operating profit rose 78%, driven by higher export activity in North America and improved results in South America. This quarter included $4 million in net positive mark-to-market (MTM) impacts, versus $50 million in net negative impacts a year earlier.The Crushing subsegment’s operating profit plunged 93% year over year on lower margins resulting from muted demand tied to the deferral of U.S. biofuel policy and international trade challenges. There were about $41 million of net positive mark-to-market timing impacts in the quarter against zero of net negative impacts in the year-ago quarter.Refined Products and Other operating profit was down 3% from the prior year, as biodiesel and refining margins were affected by the delayed biofuel policy, weighing on North American demand. The quarter included $8 million in net negative MTM impacts, versus $20 million in the prior-year period. Equity earnings from the company’s investment in Wilmar decreased by approximately 10% from the prior-year quarter.The Carbohydrate Solutions segment posted an operating profit of $336 million in the third quarter of 2025, reflecting a 26% decline from the year-ago period. Operating profit in the Starches & Sweeteners subsegment also fell 36% due to lower global S&S demand, which pressured both volumes and margins. The subsegment also continued to face higher corn costs in EMEA stemming from corn quality issues, further weighing on profitability.Global wheat milling performance remained relatively stable versus the prior-year quarter, though last year’s results had benefited from $47 million in insurance proceeds, amplifying the year-over-year comparison. Vantage Corn Processors posted a $46 million increase in operating profit, supported by strong export flows and elevated pricing amid lower industry inventory levels caused by plant downtime from maintenance programs.The Nutrition segment reported an operating profit of $130 million in the third quarter of 2025, marking a 24% increase from the same period last year. Operating profit in the Human Nutrition subsegment gained 12% year over year. Within this segment, Flavors saw profit growth, driven by higher margins, particularly in North America. The Health & Wellness category also contributed to the increase, benefiting from stronger biotics demand.Meanwhile, the Animal Nutrition subsegment posted an operating profit of $34 million, marking a 79% year-over-year upsurge, fueled by margin expansion from a strategic focus on higher-value product lines and continued portfolio streamlining and cost optimization initiatives.

Archer Daniels’ Other Financials

The company ended the quarter with cash and cash equivalents of $1.24 billion, long-term debt, including current maturities, of $7.6 billion, and shareholders’ equity of $22.5 billion. As of Sept. 30, 2025, ADM generated $5.77 billion in cash from operating activities. It paid out dividends of $743 million during the nine months of 2025. For 2025, based on performance over the first nine months of the year and current expectations regarding the timing of anticipated benefits from favorable biofuel policy developments and the evolution of global trade dynamics, the company has revised its full-year adjusted EPS guidance. Adjusted earnings are now expected to be in the range of $3.25 to $3.50 per share, compared to the previous guidance of approximately $4.00.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in estimates revision.

The consensus estimate has shifted -13.16% due to these changes.

VGM Scores

At this time, ADM has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a score of A on the value side, putting it in the top quintile for value investors.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise ADM has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry Player

ADM belongs to the Zacks Agriculture – Operations industry. Another stock from the same industry, FMC (FMC), has gained 1.8% over the past month. More than a month has passed since the company reported results for the quarter ended September 2025.

FMC reported revenues of $961.3 million in the last reported quarter, representing a year-over-year change of -9.8%. EPS of $0.89 for the same period compares with $0.69 a year ago.

For the current quarter, FMC is expected to post earnings of $1.26 per share, indicating a change of -29.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +2% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #5 (Strong Sell) for FMC. Also, the stock has a VGM Score of D.

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Archer Daniels Midland Company (ADM) : Free Stock Analysis Report

FMC Corporation (FMC) : Free Stock Analysis Report

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

Zacks Investment Research

TORONTO, Dec. 3, 2025 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") announces that it has renewed its preliminary short form base shelf prospectus (the "Preliminary Shelf Prospectus") with the securities commissions in each of the provinces of Canada (other than Québec) in order to provide the Company with greater financial flexibility going forward but has not entered into any agreements or arrangements to authorize or offer any Securities (as defined below) at this time.

When made final or effective, the final short form base shelf prospectus (the "Final Shelf Prospectus") would allow Bravo to undertake offerings of common shares, warrants, subscription receipts and units (collectively, the "Securities"), or any combination thereof, up to an aggregate total of CAD$300,000,000 from time to time during the 25-month period that the Final Shelf Prospectus remains effective. The Securities may be offered in amounts, at prices and on terms to be determined at the time of sale and, subject to applicable regulations, may include "at-the-market" transactions, public offerings or strategic investments. The specific terms of any offering of Securities, including the use of proceeds from any offering, will be set forth in one or more shelf prospectus supplement(s) to be filed with applicable securities regulators.

In connection with the Preliminary Shelf Prospectus filing, the Company has filed an independent technical report titled "NI 43-101 Preliminary Economic Assessment, Luanga Project, Pará, Brazil" dated effective July 7, 2025, issued on August 20, 2025 and revised on November 28, 2025 (the "PEA Technical Report"), which report was prepared by Porfirio Cabaleiro Rodriguez (B.Sc Mining Engineering, FAIG), Bernardo Viana (BSc Geology, FAIG), Paulo Roberto Bergmann Moreira (B.Sc Mine Eng, FAusIMM) and Juliano Lima (B.Sc Geology Eng, MAIG) of GE21 Consultoria Mineral Ltda.

The PEA Technical Report replaces the previous technical report with the same title, dated July 7, 2025, issued on August 20, 2025 and filed on SEDAR+ on August 21, 2025 following questions identified during an Ontario Securities Commission staff review in order to clarify that (a) the qualified persons responsible for the PEA Technical Report are Mr. Porfirio Cabaleiro Rodriguez, Mr. Bernardo Viana, Mr. Paulo Roberto Bergmann Moreira and Mr. Juliano Felix de Lima; and (b) Mr. Eduardo Dequech de Carvalho, who is a mining engineer and a MAusIMM, with 7 years of experience in mineral reserve estimation and mine planning, supported Mr. Porfirio Cabaleiro Rodriguez with the preparation of information regarding mining methods, infrastructure, market studies and contracts, and economic analysis.

About Bravo Mining Corp.

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

Bravo is one of the most active explorers in Carajás. The team, comprising of local and international geologists and engineers, has a proven track record of PGM, nickel, and copper discoveries in the region and elsewhere. The individuals in the team have successfully taken a past iron oxide copper gold (IOCG) greenfield project from discovery to development and production in the Carajás.

The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, ports, and hydroelectric grid power. Bravo's current Environmental, Social and Governance activities include planting and donating more than 42,000 high-value trees in and around the project area in the past 30 months, while hiring personnel and contracting services locally.

Forward-Looking Statements

Certain statements ("forward-looking statements") in this news release contain forward-looking information concerning the Preliminary Shelf Prospectus and Final Shelf Prospectus filings, the Securities which may become issuable thereunder and the anticipated benefits thereof. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, but are not limited to, continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining requisite regulatory and other approvals for the filing of the Final Shelf Prsopectus. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Bravo has applied several material assumptions, including, but not limited to, the assumption that Bravo will be able to raise additional capital as necessary, that the proposed exploration and development activities will proceed as planned, that market fundamentals will result in sustained demand and prices for platinum group metals, gold, copper and nickel and that all requisite regulatory approvals will be obtained in a timely manner. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Bravo expressly 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 otherwise required by applicable securities legislation.

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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2025/03/c7123.html

Toronto, Ontario–(Newsfile Corp. – December 3, 2025) – Minnova Corp. (TSXV: MCI) ("Minnova" or the "Company"), is pleased to announce the closing of its previously announced "best efforts" private placement (the "Offering") for aggregate gross proceeds of C$4,820,154 from the sale of (i) 12,900,000 units of the Company (each, a "Unit") at a price of C$0.20 per Unit (the "Unit Price"), and (ii) 9,739,800 flow-through units of the Company (each, a "FT Unit") at a price of C$0.23 per FT Unit. Red Cloud Securities Inc. ("Red Cloud") acted as sole agent and bookrunner under the Offering.

Each Unit consists of one common share of the Company (a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each FT Unit consists of one common share of the Company (each, a "FT Share") and one Warrant each issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada). Each Warrant entitles the holder to purchase one common share of the Company at a price of C$0.30 at any time on or before December 3, 2028.

The Company intends to use the net proceeds from the Offering for the exploration and advancement of the Company's PL Gold Mine Project located in Manitoba as well as for working capital and general corporate purposes, as is more fully described in the Amended Offering Document (as herein defined).

The gross proceeds from the sale of FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's PL Gold Mine Project on or before December 31, 2026. All Qualifying Expenditures will be renounced in favour of the purchasers of the FT Units effective December 31, 2025.

In accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Units were sold to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The securities issuable from the sale of the Units are immediately freely tradeable in accordance with applicable Canadian securities legislation for Units sold to purchasers resident in Canada.

The FT Units were sold by way of the "accredited investor" and "minimum amount investment" exemptions under NI 45-106. All securities issuable from the sale of FT Units are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being April 4, 2026.

As consideration for their services in the Offering, Red Cloud received aggregate cash fees of C$256,809.24 and 1,196,388 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant is exercisable into one common share of the Company (each, a "Broker Warrant Share") at the Unit Price at any time on or before December 3, 2028. The Broker Warrants and Broker Warrant Shares are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being April 4, 2026.

There is an amended and restated offering document (the "Amended Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: www.minnovacorp.ca.

The closing of the Offering remains subject to the final approval of the TSX Venture Exchange (the "TSXV").

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 2018 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. Considering 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. The new mine plan leverages the full 1,000 tpd mill capacity and targets reduced operating costs compared to the previous underground-only model. The revised mine development plan is underway and will be the subject of a Preliminary Economic Assessment and Feasibility Study to be completed in 2026.

The current global gold resource remains open to expansion, as does the reserve. The Mineral Resource Estimate will be revised in 2026, using current consensus gold price assumption and will incorporate all drilling conducted after the 2018 Feasibility Study, including the upcoming 15,000-meter drill program scheduled for 2025 and 2026.

Minnova Corp.

Gorden GlennPresident & Chief Executive Officer

For further information, please contact Investor Relations: info@minnovacorp.caVisit our website at www.minnovacorp.ca

Forward Looking Statements

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements herein includes, but is not limited to, statements that address activities, events or developments that Minnova expects or anticipates will or may occur in the future including statements regarding the intended use of proceeds of the Offering, the tax treatment of the FT Shares and the final approval of the Offering by the TSXV. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.

For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276798

We can readily understand why investors are attracted to unprofitable companies. Indeed, Stillwater Critical Minerals (CVE:PGE) stock is up 214% in the last year, providing strong gains for shareholders. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

Given its strong share price performance, we think it's worthwhile for Stillwater Critical Minerals shareholders to consider whether its cash burn is concerning. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

Does Stillwater Critical Minerals Have A Long Cash Runway?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. When Stillwater Critical Minerals last reported its September 2025 balance sheet in December 2025, it had zero debt and cash worth CA$3.9m. Importantly, its cash burn was CA$6.2m over the trailing twelve months. Therefore, from September 2025 it had roughly 8 months of cash runway. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. The image below shows how its cash balance has been changing over the last few years.

TSXV:PGE Debt to Equity History December 3rd 2025

Check out our latest analysis for Stillwater Critical Minerals

How Is Stillwater Critical Minerals' Cash Burn Changing Over Time?

Stillwater Critical Minerals didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. Nonetheless, we can still examine its cash burn trajectory as part of our assessment of its cash burn situation. With the cash burn rate up 27% in the last year, it seems that the company is ratcheting up investment in the business over time. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we're a bit cautious of Stillwater Critical Minerals due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow.

How Hard Would It Be For Stillwater Critical Minerals To Raise More Cash For Growth?

Given its cash burn trajectory, Stillwater Critical Minerals shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Stillwater Critical Minerals has a market capitalisation of CA$120m and burnt through CA$6.2m last year, which is 5.2% of the company's market value. Given that is a rather small percentage, it would probably be really easy for the company to fund another year's growth by issuing some new shares to investors, or even by taking out a loan.

So, Should We Worry About Stillwater Critical Minerals' Cash Burn?

On this analysis of Stillwater Critical Minerals' cash burn, we think its cash burn relative to its market cap was reassuring, while its cash runway has us a bit worried. Looking at the factors mentioned in this short report, we do think that its cash burn is a bit risky, and it does make us slightly nervous about the stock. Taking a deeper dive, we've spotted 5 warning signs for Stillwater Critical Minerals you should be aware of, and 2 of them are significant.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

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