First Quantum Reports Q1 Loss in Wake of Cobre Panama Closure
Investing News Network
by Giann Liguid
2h ago
First Quantum Minerals (TSX:FM,OTC Pink:FQVLF) reported its Q1 results on Tuesday (April 23), revealing a net loss of US$159 million (US$0.21 per share) and an adjusted loss of US$154 million (US$0.20 per share). The company's gross profit came in at US$156 million, with EBITDA at US$180 million, both lower than last year. These downturns have been attributed to disruptions at First Quantum's Cobre Panama mine, which led to it being taken offline and placed in a preservation and safe management phase in November 2023. With those circumstances in mind, First Quantum emphasized its commitment ..read more
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South32 Reports Lower Manganese Output After Cyclone, Says Exports Will Resume in 2025
Investing News Network
by Giann Liguid
2h ago
South32's (ASX:S32,OTC Pink:SHTLF) latest quarterly report reveals how Tropical Cyclone Megan has impacted its Australian manganese operations in Groote Eylandt, located in the country's Northern Territory. The company reported a 13 percent decline in saleable production of the metal at the location, amounting to a reduction of 352,000 wet metric tonnes over the nine month period ended in March of this year. The cyclone, which wreaked havoc on March 16 and 17, unleashed rainfall of 681 millimetres accompanied by powerful wind gusts, marking it as the second strongest cyclone to hit the area ..read more
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Antilles Gold Takes Up Second $1.0 Million Convertible Note
Investing News Network
by Investing News Network
4h ago
Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) advises that it has exercised its option to take up a second A$1.0M Convertible Note from Patras Capital Pte Ltd on the same commercial terms as the first A$1.0M Convertible Note which was issued on 8 March 2024. The basic terms of the second Convertible Note are as follows; Principal Amount A$1,000,000 Maturity Date 30 April2026 Interest NIL Discount to Principal Amount A$100,000 (in lieu of interest) Early Repayment At the Company’s option at 110%of any outstanding balance of the ..read more
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Indicative, Conditional and Non-Binding Proposal Received by American Rare Earths
Investing News Network
by Investing News Network
4h ago
American Rare Earths Limited (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) advises that it has received an indicative, conditional and non-binding proposal from a NASDAQ-listed Special Purpose Acquisition Company (“SPAC”) to acquire, by an issue of shares, the Company’s 100% owned subsidiary Wyoming Rare (USA) Inc, which holds the Company’s 2.34 billion tonne Halleck Creek Rare Earth Project (“Halleck Creek”). The proposal would have resulted in Wyoming Rare (USA) Inc. being listed (via a combination) with the SPAC as a separate entity on the NASDAQ Exchange in the USA. Fur ..read more
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March 2024 Quarterly Report
Investing News Network
by Investing News Network
4h ago
Astral Resources NL (ASX: AAR) (Astral or the Company) is pleased to report on its activities during the quarter ended 31 March 2024 (the Quarter). HIGHLIGHTS Mandilla Gold Project – near Kalgoorlie, WA Assays results reported for the final three holes of the six-hole/1,832 metre Theia diamond drilling (DD) program completed during November 1. The Theia DD program was targeting extensional and in-fill mineralisation at the Theia deposit. Planning underway for further drilling programs and commencement of Mandilla Pre-Feasibility Study. Feysville Gold Project – near Kalgoorlie, WA Assay re ..read more
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March 2024 Quarterly Report
Investing News Network
by Investing News Network
6h ago
Nordic Nickel Limited’s (“Nordic Nickel” or “the Company”) (ASX: NNL) flagship 100%-owned Pulju Nickel Project is located in the Central Lapland Greenstone Belt (CLGB), 50km north of Kittilä in Finland, with access to world-class infrastructure, grid power, a national highway, international airport and, importantly, Europe’s only two nickel smelters. HIGHLIGHTS Updated Mineral Resource Estimate (MRE) completed for the Hotinvaara Prospect: MRE increased to 418Mt @ 0.21% Ni, 0.01% Co and 53ppm Cu for 862,800t of contained Ni, 40,000t of contained Co and 22,100t of contained Cu; Indicated Res ..read more
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GTI Activities Report, March Quarter 2024
Investing News Network
by Investing News Network
6h ago
GTI Energy Ltd (ASX: GTR) (GTI or Company) is pleased to report on its activities during the March quarter 2024. Lo Herma drilling permit amendment review in progress to optimise follow-up drilling, increase total number of drill holes, and construct monitoring wells for groundwater data collection. Drilling is scheduled for Q3 2024 Lo Herma Mineral Resource Estimate & Exploration Target to be updated in Q4 2024 Green Mountain maiden drilling planned for 2024 with permit application targeted for late April Utah uranium/vanadium projects under evaluation to determine potential paths for ..read more
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Quarterly Activities Report – March 2024
Investing News Network
by Investing News Network
6h ago
Chariot Corporation Limited (“Chariot”, “CC9” or the “Company”) is pleased to present our Activities Report and Appendix 5B for the period ending 31 March 2024. In the first quarter of 2024, the Company announced its first hard rock lithium discovery, which was made during the first phase of its diamond core drilling program at Black Mountain, Wyoming USA (“Phase 1 Drilling Program”). Details of the Phase 1 Drilling Program results are set forth below. Chariot is well-positioned for 2024 with adequate liquidity to support further exploration activities across its lithium portfolio and to con ..read more
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Waiver of ASX Listing Rule 10.1 Granted
Investing News Network
by Investing News Network
9h ago
Hydration solutions company The Hydration Pharmaceuticals Company Limited (ASX: HPC) (Hydralyte North America or the Company) refers to its announcement dated 27 March 2024 (“27 March 2024 Announcement”) where the Company advised that it had signed a variation to its facility agreement with boutique asset manager and existing substantial shareholder PURE Asset Management Pty Ltd as trustee for The Income and Growth Fund (“PURE” or “PURE Asset Management”) (“Original PURE Facility”). All capitalised terms in this announcement have the same meaning as defined in the 27 March 2024 Announcement ..read more
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Canadian Critical Minerals Closes $247,500 Flow-Through Financing
Investing News Network
by Investing News Network
12h ago
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a flow-through financing for gross proceeds of $247,500, comprised of 4,500,002 Flow-Through Shares with an issue price of $0.055 per share. All securities issued are subject to a statutory hold period that expires four months and one day from issuance. In connection with the financing, the Company paid finder cash commissions totalling $15,925 and issued 289,545 finder warrants. Each finder warrant entitles its holder to acquire one common share of the Company at a price of $0.055 for a 36-month ..read more
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