Latest news with #JulianBabarczy
Mercury
24-07-2025
- Business
- Mercury
PEC gears up for next Igrejinha exploration
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Perpetual wraps up RC drilling at Igrejinha in Brazil's Lithium Valley The program focused on Target 1 and the South East anomaly Follow up drill design will kick off once assay results are interpreted Special report: Reverse circulation drilling at Perpetual Resources' Igrejinha asset in Brazil's Lithium Valley has wrapped up at Target 1 and the South East anomaly, with preliminary observations due following analysis of logging data. A total of 11 holes for 1163m were drilled at Target 1, defining a 200m strike of outcropping LCT pegmatite, while six holes for 287m at the South East anomaly identified an outcropping 300m+ striking pegmatite, south of the target area. Due to minor delays in sample submission, which affected processing priority, first assay results are expected to be announced in August. Follow-up drill-design at Igrejinha's Target 1 and SE Anomaly, as well as at Perpetual's (ASX:PEC) other nearby Lithium Valley projects will begin shortly, once interpretation of geology and assay results are completed. Same rocks as major deposits close by Igrejinha is less than 10km from and in the same geological setting as globally significant lithium projects such as Sigma Lithium's low-cost Grota Do Cirilo complex. The Lithium Valley holds the lion's share of the nation's ~45 hard rock lithium deposits, similar to those mined in WA, and accounts for more than 80% of the country's known lithium reserves PEC executive chairman Julian Babarczy recently told Stockhead that Brazil's Lithium Valley presents a highly attractive setting for resource development. The region is bolstered by substantial investment and strong government backing for critical minerals projects, including recent moves by major Chinese firms like BYD, which have secured exploration ground and established EV manufacturing facilities More from PEC: Perpetual pounces for counter-cyclical payoff 'Important milestone' With maiden drilling now complete, Babarczy said the company was encouraged by the progress made and looked forward to the receipt of the program's assay results. 'These will provide valuable insights to guide our assessment of the important next phase of exploration and drilling as we shape the broader exploration strategy at Igrejinha and nearby projects in the Lithium Valley,' he said. 'The conclusion of drilling marks an important milestone for Perpetual as we continue to build momentum across our exciting Brazilian exploration portfolio.' Perpetual is now focusing on analysis and interpretation of the Igrejinha drill program results, with planning for future drill programs at Target 1, the SE Anomaly and other project areas. Additional work programs are also being considered across Perpetual's other Brazilian exploration assets. This article was developed in collaboration with Perpetual Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Perpetual Resources completes Lithium Valley drilling with next exploration phase in sight
Yahoo
13-06-2025
- Business
- Yahoo
Orezone Announces Results of Meeting of Shareholders
VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the 'Company' or 'Orezone') reports that all resolutions from the Company's annual general and special meeting of shareholders held on June 12, 2025 (the 'Meeting') were approved with 62.76% of the total issued and outstanding shares of the Company represented at the Meeting. Detailed voting results for the election of directors are as follows: Nominee For % For Against % Against Julian Babarczy 311,422,274 99.63% 1,143,461 0.37% Joe Conway 307,958,117 98.53% 4,607,618 1.47% Patrick Downey 311,751,459 99.74% 814,276 0.26% Rob Doyle 312,507,445 99.98% 58,290 0.02% Kate Harcourt 312,332,268 99.93% 233,467 0.07% Sean Harvey 312,155,498 99.87% 410,237 0.13% Tara Hassan 312,008,591 99.82% 557,144 0.18% Additional matters approved at the Meeting are as follows: The number of directors was fixed at seven. The Company's stock option plan, as required by the TSX every three years, was reapproved. Deloitte LLP was appointed as auditors for the fiscal year ending December 31, 2025, and the board of directors was authorized to fix their remuneration. The 'Report of Voting Results', which is available under the Company's profile on SEDAR+ and on the Company's website, discloses the detailed voting results for the above resolutions. For additional details, please also see the Management Information Circular of the Company dated May 9, 2025. About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Contact Information Patrick DowneyPresident and Chief Executive Officer Kevin MacKenzieVice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 info@ / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.
Yahoo
16-03-2025
- Business
- Yahoo
Insider Buyers Lose AU$55k As IXUP Sheds AU$2.0m
The recent price decline of 11% in IXUP Limited's (ASX:IXU) stock may have disappointed insiders who bought AU$118.5k worth of shares at an average price of AU$0.015 in the past 12 months. This is not good as insiders invest based on expectations that their money will appreciate over time. However, as a result of recent losses, their original investment is now worth only AU$63.2k. Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares. View our latest analysis for IXUP In the last twelve months, the biggest single purchase by an insider was when Executive Chairman Julian Babarczy bought AU$85k worth of shares at a price of AU$0.015 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$0.008). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. While IXUP insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them). For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 7.1% of IXUP shares, worth about AU$1.2m, according to our data. However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings. There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more IXUP stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 6 warning signs (4 don't sit too well with us!) that you ought to be aware of before buying any shares in IXUP. 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) 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. Sign in to access your portfolio
