Latest news with #criticalmetals
Yahoo
5 days ago
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American Tungsten Corp. Announces Closing of Upsized $7m Financing
-Leadership Updates- Vancouver, BC, July 24, 2025 (GLOBE NEWSWIRE) -- American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') is pleased to announce, further to its news releases of June 30, 2025 and July 17, 2025, the successful closing of its oversubscribed non-brokered private placement (the 'Offering'). Pursuant to the Offering, the Company issued 14,000,000 common shares (the 'Shares') at a price of C$0.50 per Share raising gross proceeds of C$7,000,000. The strong demand from institutional investors and insiders underscores growing confidence in the Company's vision, strategy, and momentum in the critical metals space. In consideration for providing certain finder's services to the Company in connection with the Offering, the Company paid cash finder's fees of an aggregate C$253,421.35 to certain arm's-length finders, representing 3.6% of the gross proceeds received by the Company from subscribers that were introduced to the Company by such finders. The Company also issued 502,293 common share purchase warrants (the 'Finder's Warrants'), to certain arm's-length finders. Each Finder's Warrant is exercisable to acquire one Share at an exercise price of $0.50 per Share for a period of 24-months from the date of issuance. All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on November 25, 2025. The Company will use the net proceeds from the Offering to fund exploration work programs, option payments, mineral property acquisitions, marketing and for general working capital purposes. The Company also announces the appointment of Dennis Logan as Chief Financial Officer, effective immediately. Mr. Logan brings over 25 years of executive leadership in financial services and the resource sector. He previously held senior financial roles with publicly traded companies including Almonty Industries Inc., where he played a key role in securing capital and driving operational efficiency within the tungsten industry. The Company would also like to extend its sincere gratitude to Mr. Ajay Toor, for his dedication during his tenure and wish him success on his future endeavors. Ali Haji, who has served as CEO since April 14, and brings over 20 years of metals and mining experience and investment management, will also join the Board of Directors, further strengthening the Company's governance and strategic oversight. 'Investor demand exceeded our expectations, and we are grateful for the vote of confidence in our long-term strategy and vision,' said Ali Haji, CEO of American Tungsten. 'This financing allows us to accelerate our development plans of our flagship Ima Mine asset in Idaho towards commercial production. With Dennis' leadership in financial strategy and capital markets, we are assembling the right team to guide American Tungsten into its next chapter of growth and value creation. I am also honoured to join the Board of Directors and look forward to contributing further to our governance and strategic execution.' This press 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 the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. ABOUT AMERICAN TUNGSTEN CORP. American Tungsten Corp. is a Canadian exploration company focused on high-potential tungsten and magnetite assets in North America. The Company is advancing the Ima Mine Project in Idaho to commercial production, addressing critical metal scarcity in North America The Company's Ima Mine Project is a historic and high-quality underground tungsten past-producing property, where the Company holds an option to acquire full ownership (subject to a 2% royalty) and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres. Social media links:LinkedIn: For further information, please contact: Ali HajiChief Executive OfficerEmail: ir@ +1 (647) 871-4571 CSE:TUNGOTCQB:DEMRFFSE:RK9 The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release. This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the completion of the Offering on the terms described herein or at all, and the use of proceeds and available funds following the completion of the Offering and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
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Should You Buy This EV Metals Stock That's Up 576% This Year?
Key Points TMC The Metals Company has been a meme-stock favorite, but the story has some real depth. TMC wants to mine international seabeds teeming with minerals that are vital to U.S. manufacturing, defense, and clean energy. With no revenue and no mining permits yet, TMC remains a high-risk, high-reward bet. 10 stocks we like better than TMC The Metals Company › Famed oceanographer Jacques Cousteau mused, "The sea, once it casts its spell, holds one in its net of wonder forever." TMC The Metals Company (NASDAQ: TMC), a deep-sea minerals exploration company, has had a similar effect on investors, soaring 576% this year. Does this deep-sea treasure hunter belong in your portfolio? Let's take a deeper dive. What lies beneath Vancouver-based TMC wants to harvest ocean-floor rocks called polymetallic nodules. These prehistoric, potato-size nodules are rich in nickel, cobalt, manganese, and copper, which are considered critical metals for U.S. manufacturing, power generation, infrastructure, and defense. They're also vital to a lower-carbon future. Nickel, cobalt, and manganese are key ingredients in many electric vehicle (EV) battery chemistries, while copper is critical for EV wiring, motors, charging stations, and even solar panels. The long list of use cases for these metals shows just how important they are to the U.S. economy. Here are a few examples: Nickel Cobalt Copper Manganese Batteries Aircraft engines Air conditioners Aluminum alloys Military-grade alloys Dental prosthetics Circuit board Ceramic glazes Nuclear reactors Industrial magnets Microwaves Pesticides Stainless steel Paints & varnishes Telecom cables Railroad tracks Turbines Tires Transformers Welding rods Data source: TMC The Metals Company. The Department of Energy estimates that over 80% of America's supply of critical minerals -- the raw ingredients for these metals -- comes from foreign sources. Given the heightened geopolitical tensions in the world today, that's a national security concern. But it's also an environmental issue. Land-based mines where these minerals are sourced threaten some of the world's most biodiverse and sensitive ecosystems, such as the rainforests of Indonesia and the Philippines. TMC has stated that deep-sea mining offers access to critical minerals with far less disruption to sensitive ecosystems, and has promised full transparency into the environmental impacts. However, environmental groups and marine scientists warn that disturbing the ocean floor could pose serious risks to biodiversity, especially in ecosystems that are slow to recover, if they recover at all. As with many emerging technologies, the ecological trade-offs are still being debated -- and TMC's framing should be taken with a grain of salt. TMC hasn't started mining TMC The Metals Company holds exploration rights for two large swaths of the Pacific Ocean's Clarion-Clipperton Zone -- a 1.7 million-square-mile abyssal plain between Hawaii and Mexico that's teeming with mineral-rich nodules. However, TMC has no legal authority to begin commercial operations there until the International Seabed Authority (ISA) -- an organization formed by the United Nations to regulate mineral activity on the high seas -- finalizes its long-delayed rules for deep-sea mining. In the meantime, TMC is hedging its bets. In late April, just days after President Donald Trump signed an executive order aiming to boost domestic access to offshore critical minerals, TMC applied for a mining permit by way of a U.S. law passed in 1980. The International Seabed Authority oversees mineral mining in the Clarion-Clipperton Zone. However, the United States never ratified the UN treaty that created the ISA, and doesn't formally recognize the agency. So if the Trump administration decides to unilaterally assert America's right to mine in the Pacific, it could provide TMC a faster legal pathway to begin commercial operations -- albeit a controversial one. Is TMC a buy? TMC's 576% run-up this year shows just how tricky it can be to value a company with no revenue and no commercial product. In the meme-stock era, valuations can become totally unmoored from business fundamentals. TMC The Metals Company is a prime example. Like many start-ups, TMC is burning through cash. TMC reported a $20.6 million net loss in Q1 2025, and CEO Gerard Barron recently boasted that the company has invested more than $500 million "in deep-sea science, engineering, and technology to build the world's most advanced deep-sea minerals platform." The good news is management believes that its liquidity at the end of the first quarter -- $2.3 million in cash and $41.5 million in available credit -- should cover operations through at least May 2026. And the company recently announced an $85 million equity investment from Korea Zinc, one of the world's top non-ferrous metal refiners. While there's no question that TMC has massive potential, there are big risks as well. Deep-sea mining is an unproven business model. If TMC gets the green light to start harvesting polymetallic nodules in the Pacific, there's no telling if the company can do it profitably. TMC has laid out some wildly ambitious projections. In a 2021 investor presentation, the company estimated that its flagship NORI-D project in the Clarion-Clipperton Zone would begin commercial production by 2024 and generate nearly $2 billion in EBITDA by 2027, with estimated annual revenue of $4.7 billion from 2030 to 2046. Those numbers are based on a long list of assumptions -- from favorable commodity prices and permitting timelines to full-scale production volumes -- and they haven't been updated since. Until TMC The Metals Company has a more well-defined path to commercial production -- and can provide more detail on its potential revenue and earnings -- TMC is a highly speculative bet. If you're thinking about starting a position, expect choppy waters for now. Should you buy stock in TMC The Metals Company right now? Before you buy stock in TMC The Metals Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and TMC The Metals Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Josh Cable has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Should You Buy This EV Metals Stock That's Up 576% This Year? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
NexMetals Receives US$150 Million Letter of Interest from the Export-Import Bank of the United States for Its Critical Metals Projects in Botswana
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") is pleased to announce that it has received a non-binding letter of interest ("LI") from the Export-Import Bank of the United States ("EXIM"). The LI indicates the potential for up to US $150 million in financing, with a maximum 15-year repayment tenor, to support the re-development of NEXM's Selebi and Selkirk nickel-copper-cobalt-platinum group metal mines in Botswana. EXIM has also advised that procurement of U.S. goods and services for the Selebi and Selkirk mines may be eligible for special consideration under the provisions of Section 402 of EXIM's 2019 reauthorization (P.L. 116-94), under EXIM's China and Transformational Exports Program ("CTEP"). Morgan Lekstrom, CEO of NEXM, commented: "This represents a willingness from the United States to fund critical metals projects in one of Africa's safest and most stable jurisdictions. It clearly denotes the U.S. government's specific interest in Botswana, recognizing both its rich mineral endowment and the scale of our high-grade projects. Given the quality and size of our resources and the pace of current activity, we anticipate our aggressive growth trajectory to align with our shared objective of delivering new, sustainable sources of critical metals for the U.S. and its allies contributing to the future of the global critical metals supply chain." The LI is non-binding and as such is not an explicit indication of the financial or commercial viability of a transaction. Upon receipt of an application for financing, further processing, including standard due diligence by U.S. EXIM, is required before issuing a final commitment for a potential transaction. About Export-Import Bank of the United States The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at About NexMetals Mining Corp. NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana. NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals' team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company's Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development. For further information about NexMetals Mining Corp., please contact: Morgan LekstromCEO and Directormorganl@ Jaclyn RuptashV.P., Communications and Investor Relationsjaclyn@ Cautionary Note Regarding Forward-Looking Statements: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this news release, forward-looking information includes, but is not limited to, the potential for the Company to receive financing from EXIM as contemplated by the LI, the timing of repayment and the potential use of proceeds therefrom. Such forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the risk that the Company will not reach a binding agreement with EXIM for financing on terms contemplated in the LI or at all, as well as those risks set out in the Company's public disclosure record on SEDAR+ ( under NEXM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Follow Us X: LinkedIn: Facebook: To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-07-2025
- Business
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NexMetals secures $150m LoI from EXIM for Botswana mines redevelopment
Botswana-focused exploration and development company NexMetals Mining has received a non-binding letter of interest (LoI) from the Export-Import Bank of the United States (EXIM) for financing of up to $150m for its critical metals mine redevelopment projects in Botswana. The LoI outlines a potential 15-year repayment tenure for the Selebi and Selkirk nickel-copper-cobalt-platinum group metal mines. The Selebi project consists of a single mining licence covering an area of 115km², while the Selkirk project licence covers an area of 14.6km² and four prospecting licences covering 126.7km². NEXM CEO Morgan Lekstrom said: "This represents a willingness from the United States to fund critical metals projects in one of Africa's safest and most stable jurisdictions. It clearly denotes the US Government's specific interest in Botswana, recognising both its rich mineral endowment and the scale of our high-grade projects. 'Given the quality and size of our resources and the pace of current activity, we anticipate our aggressive growth trajectory to align with our shared objective of delivering new, sustainable sources of critical metals for the US and its allies contributing to the future of the global critical metals supply chain." EXIM's letter also highlights that NexMetals' procurement of US goods and services for the Selebi and Selkirk mines redevelopment could receive special consideration. This is in line with Section 402 of EXIM's 2019 reauthorisation and the China and Transformational Exports Programme, which aims to counter China's influence and support transformative US exports. The LoI does not guarantee the financial or commercial success of the potential transaction. NexMetals Mining will need to submit a formal application for financing, after which EXIM will conduct standard due diligence before any final commitment can be issued. "NexMetals secures $150m LoI from EXIM for Botswana mines redevelopment" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
03-07-2025
- Business
- Yahoo
Infinico Metals Corp. Announces Resignation of Director
Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Infinico Metals Corp. (TSXV: INFM) ("Infinico" or the "Company") announces the resignation of Mr. Daniel James from the Company's Board with immediate effect due to personal reasons. Infinico wishes to thank Mr James for his service and contribution to the Company. About Infinico Metals Corp. Infinico Metals Corp. is a public company on the TSX Venture Exchange (TSXV: INFM) focusing on the exploration for critical metals in the province of Québec. The Company has signed an option agreement on the Nicobi Project, hosting magmatic Ni-Cu-Co sulphide mineralization. For more information, please contact:Sam Walding, Chief Executive OfficerTelephone: +44 7568 508610swalding@ Forward Looking Statements Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the composition of the Company's board of directors, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfil the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
