Latest news with #Mining
Yahoo
14 hours ago
- Business
- Yahoo
Metals One PLC Announces Completion of Uravan Uranium Project Acquisition
Completion of Acquisition - Uravan Uranium-Vanadium Project, Colorado & Directorate Change Strategic U.S. uranium-vanadium project in the prolific Uravan Mineral Belt formally acquired LONDON, GB / / July 2, 2025 / Metals One Plc (AIM:MET1), a minerals exploration and development company, is pleased to announce the completion of its acquisition of the Uravan Uranium-Vanadium Project ("Uravan" or the "Project") located in Montrose County, Colorado, United States. The acquisition of the 59 unpatented claims with a 10-year exploration lease (as originally announced on 24 April 2025) secures a foothold in one of America's most historically productive uranium-vanadium districts and supports the Company's expanding critical minerals portfolio. Highlights Strategic U.S. Asset Secured: Metals One has completed the acquisition of 59 unpatented claims (the "UV 1-59" claim block) and corresponding 10-year exploration lease having been issued, securing a significant land position in Colorado's Uravan Mineral Belt - a premier U.S. uranium-vanadium mining district Transaction Terms: Total consideration for the acquisition is US$50,000 in cash and the issuance of 500,000 new ordinary shares in Metals One Uranium-Vanadium Potential: Historical surface sampling returned high-grade results of up to 2.23% U₃O₈ (22,280 ppm uranium) and strong vanadium content in carnotite mineralisation Exploration Underway: Phase 1 exploration, including geophysical surveys, mapping, and sampling, is ongoing to validate historical data and provide a modern geologic and geophysical baseline ahead of a potential Phase 2 drilling programme later in 2025; rock samples have already been sent for analysis to certified labs in Nevada Project Overview The Uravan Project consists of 59 unpatented mining claims (~490 hectares) situated near the historic Buckhorn Mine within the renowned Uravan Mineral Belt, a district responsible for more than 60 million pounds of uranium and 330 million pounds of vanadium production during the 20th century. The Project targets high-grade carnotite-style mineralisation within the Morrison and Chinle Formations - both recognised hosts of uranium across the Colorado Plateau. The Uravan acquisition enhances Metals One's North American critical minerals portfolio by providing direct exposure to uranium and vanadium - commodities central to the global clean energy transition. Uranium is gaining increased attention amid growing nuclear reactor buildouts and global supply deficits, while vanadium is a key component in long-duration grid energy storage and high-strength steel. The Uravan Mineral Belt offers a dual-commodity advantage in a jurisdiction with legacy infrastructure, an experienced labour base, and growing national focus on domestic uranium sourcing. Consideration Payments The total consideration for the acquisition is US$50,000 in cash and the issuance of 500,000 new ordinary shares in Metals One ("Consideration Shares"), representing half of the aggregate consideration due for the acquisitions of both Uravan and the Squaw Creek Uranium Project, Wyoming, with the latter also expected to complete soon. As announced on 24 April 2025, the Consideration Shares are being issued at a value per share equivalent to a 5% discount to the five-day volume weighted average price per ordinary share in the Company for the five days immediately preceding the signing of the term sheet. Accordingly, application will shortly be made for admission of the Consideration Shares to trading on AIM and a further announcement will be made confirming this in due course. Ongoing Exploration Programme As previously announced in updates released on 22 May, 4 June and 25 June 2025, the Company's Phase 1 exploration programme at Uravan is advancing, with the following key workstreams in progress: Geophysical Surveys: Over 30 km of ground-based radiometric surveys completed using RS-125 scintillometers Structural Mapping and Sampling: Systematic mapping of adits, faults, and historic workings alongside surface sampling of mineralised exposures Geochemical Analysis: Rock samples submitted to American Assay Laboratories in Nevada to determine uranium and vanadium concentrations The Company also continues to assess the potential of a deeper mineralised horizon within the Chinle Formation, located ~1,200 feet below surface, which will be evaluated in Phase 2 exploration planning. Next Steps The results from Phase 1 will be used to define potential drill targets and advance the Company's understanding of the Project's mineral systems. A Phase 2 programme is anticipated for late 2025, subject to ongoing results. Directorate Change Metals One also announces that Winton Willesee, Non-Executive Director, has stepped down from the Board with immediate effect due to personal reasons. The Company has begun searching for an additional independent Non-Executive Director with the appropriate skillset and experience to join the Board. Craig Moulton, Chairman of Metals One, commented: "The formal acquisition of the Uravan claim block marks a key step in Metals One's expansion into the U.S. critical minerals sector. This Project positions us in one of the most historically productive uranium-vanadium regions in the United States, with evidence of high grades and a geological setting ideally suited to modern exploration. With Phase 1 fieldwork already underway, we look forward to advancing Uravan alongside our broader portfolio of energy transition assets, with the ultimate goal of contributing to U.S. domestic mineral sourcing and energy transition initiatives. "On behalf of the Board, I would like to thank Winton Willesee for his efforts over the last two years during which he provided strong support and wise counsel from our 2023 IPO through to our recent portfolio expansion." Enquiries: Metals One Plc Jonathan Owen, Chief Executive Officer Craig Moulton, Chairman via Vigo Consulting Beaumont Cornish Limited (Nominated Adviser) James Biddle / Roland Cornish +44 (0)20 7628 3396 Capital Plus Partners Limited (Joint Broker) Jonathan Critchley +44 (0)20 3821 6169 Vigo Consulting (UK Investor Relations) Ben Simons / Kendall Hill / Anna Stacey +44 (0)20 7390 0230 Fairfax Partners Inc (North America Investor Relations) connect@ +1 604 366 6277 About Metals One The race for critical minerals is on. Metals One is pursuing a critical minerals and gold exploration and M&A strategy, in low-risk jurisdictions, underpinned by the Western World's urgent need for reliably and responsibly sourced raw materials, and record high gold prices. In addition to gold, our commodity exposure* includes copper, nickel, cobalt, zinc, uranium, vanadium, and platinum group metals - all of which are vital to the clean energy transition. Metals One's most advanced project is the Black Schist Project in Finland with a 57.1 Mt nickel-copper-cobalt-zinc JORC Inferred Resource adjacent to one of Europe's largest nickel producers. Our project portfolio* spans Finland, Norway, and the USA. Metals One's shares are listed on the London Stock Exchange's AIM Market (MET1). *Includes projects for which acquisition terms have been agreed Follow us on social media: LinkedIn: X: Subscribe to our news alert service on the Investors page of our website at: Market Abuse Regulation (MAR) Disclosure The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Nominated Adviser Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Metals One PLC View the original press release on ACCESS Newswire 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Globe and Mail
a day ago
- Business
- Globe and Mail
Analysts' Opinions Are Mixed on These Materials Stocks: Barrick Mining (B), TRONOX (TROX) and Methanex (MEOH)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Barrick Mining (B – Research Report), TRONOX (TROX – Research Report) and Methanex (MEOH – Research Report). Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Barrick Mining (B) In a report released today, Mark Palmer from Benchmark Co. initiated coverage with a Buy rating on Barrick Mining. The company's shares closed last Friday at $20.46, close to its 52-week high of $21.35. According to Palmer is ranked #692 out of 9653 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barrick Mining with a $25.37 average price target, which is a 22.7% upside from current levels. In a report issued on June 17, Stifel Nicolaus also maintained a Buy rating on the stock with a C$37.00 price target. TRONOX (TROX) In a report released today, Jeffrey Zekauskas from J.P. Morgan maintained a Buy rating on TRONOX, with a price target of $7.00. The company's shares closed last Friday at $5.64. According to Zekauskas is a 4-star analyst with an average return of 4.5% and a 56.1% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as International Flavors & Fragrances, Scotts Miracle-Gro Company, and Air Products and Chemicals. ;'> Currently, the analyst consensus on TRONOX is a Moderate Buy with an average price target of $8.25. Methanex (MEOH) RBC Capital analyst Nelson Ng maintained a Hold rating on Methanex today and set a price target of $50.00. The company's shares closed last Friday at $34.14. According to Ng is a 4-star analyst with an average return of 7.6% and a 60.7% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and Northland Power. ;'> Currently, the analyst consensus on Methanex is a Moderate Buy with an average price target of $44.15.
Associated Press
5 days ago
- Business
- Associated Press
LET Mining Simplifies Crypto Mining With Green Energy and Smart Tech Integration
LET Mining is redefining the cryptocurrency mining industry by addressing longstanding challenges such as complex technology, high operational costs and volatile returns. By integrating green energy, intelligent scheduling and user-centric design, the platform offers a streamlined, sustainable and stable approach to digital asset mining. Industry Pain Points: Challenges of Traditional Mining Cryptocurrency mining has historically required specialized knowledge, hardware setup and ongoing maintenance, making it inaccessible to most users. Key challenges include: LET Mining's Solution: Simplicity, Stability and Sustainability LET Mining offers an innovative, user-friendly model centered around three pillars: Additional benefits include automatic smart contract settlements, KYC/AML compliance, and offline cold storage of earnings for enhanced security. Technological Innovation: Intelligent Infrastructure LET Mining's competitive edge stems from advanced system architecture: User Incentives and Participation LET Mining is designed for accessibility and offers a seamless onboarding experience: High-yield, short-term and flexible contract options are available for all investor levels. Full details are listed on the official website. Shaping the Future of Crypto Mining LET Mining is driving industry-wide change by: About LET Mining LET Mining is a global cloud mining platform committed to democratizing access to cryptocurrency income. The company prioritizes sustainability, compliance and innovation to offer a stable, secure and accessible mining experience for users worldwide. To learn more or get started, visit Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Media Contact Lillian Austen [email protected] ### SOURCE: LET Mining Copyright 2025 EZ Newswire
Yahoo
5 days ago
- Business
- Yahoo
Increasing Energy Demand and Grid Instability, Shift Toward Solar-Wind-Battery Hybrid Models
India's hybrid power market is expanding, driven by rising energy demands and grid instability, crucial in off-grid areas. Hybrid systems blend renewables with diesel/battery backups for reliability, targeting telecom, mining, and rural electrification. Solar-wind-battery models gain traction, reducing costs and enhancing sustainability. Indian Hybrid Power Solutions Market Dublin, June 27, 2025 (GLOBE NEWSWIRE) -- The "India Hybrid Power Solutions Market, By Region, Competition, Forecast & Opportunities, 2021-2031F" report has been added to India Hybrid Power Solutions Market was valued at USD 263 Million in 2025, and is expected to reach USD 365 Million by 2031, rising at a CAGR of 5.50%. Hybrid power systems integrate multiple energy sources - often combining renewable options like solar or wind with conventional sources such as diesel generators or battery storage - to enhance efficiency, reliability, and sustainability. These systems are particularly vital in remote or off-grid areas where stable electricity access is limited. By dynamically switching between or simultaneously operating different power sources, hybrid setups ensure continuous electricity availability while reducing fuel usage and operational costs. Sectors such as telecommunications, mining, marine, and rural electrification are significant adopters. As India's energy demands escalate amid rising climate concerns, hybrid power solutions are becoming an essential component of the clean energy transition, offering optimized performance and reduced environmental Market Drivers Increasing Energy Demand and Grid InstabilityIndia's booming population and industrial growth have significantly increased national energy consumption. Rapid urbanization, expanding household energy needs, and the rise of energy-intensive industries such as manufacturing and IT have placed consistent pressure on the power grid. Although grid connectivity has improved, power outages and voltage fluctuations persist, especially in rural and semi-urban power systems offer a dependable supplement to grid electricity by integrating renewables like solar and wind with diesel or battery backup. This ensures uninterrupted power for critical applications including hospitals, telecom infrastructure, and government services. These systems are adaptable, allowing customization based on energy load requirements, and are more efficient and cleaner than diesel-only setups. Government programs such as the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) are promoting rural electrification, boosting hybrid adoption in off-grid areas. As energy demands continue to surpass supply in many regions, hybrid solutions provide a strategic path to energy security, reduced operational costs, and sustainable growth, aligning with national energy Market Challenges High Initial Capital Investment and Financing BarriersThe high upfront cost of deploying hybrid power systems is a major obstacle in India. While these systems deliver long-term benefits through fuel savings and lower maintenance, the initial investment required for components like solar panels, wind turbines, inverters, batteries, and control systems is substantial. This financial burden is particularly challenging for SMEs, rural enterprises, and households with limited access to contrast to diesel generators, which are more affordable initially, hybrid systems require significant one-time expenditure. Limited access to affordable financing exacerbates the issue, with many potential users unable to secure loans due to low creditworthiness. The complexity of procurement and installation also discourages first-time adopters in less-developed government subsidies are available, awareness gaps and delayed disbursement hinder uptake. Furthermore, inconsistency between central and state policies creates additional complications. Private sector financing remains underdeveloped, as financial institutions perceive hybrid systems as risky due to their technical complexity and variable output. Consequently, loans carry high interest rates and mismatched repayment terms, creating further financing Market Trends Shift Toward Solar-Wind-Battery Hybrid ModelsA significant trend in the Indian hybrid power solutions market is the growing adoption of solar-wind-battery systems. These configurations utilize the complementary nature of solar and wind energy - solar during daylight hours and wind during night or monsoons - while batteries store excess energy to ensure round-the-clock power diverse geography supports this model well, particularly in states like Gujarat, Tamil Nadu, and Karnataka, which benefit from both high solar irradiance and consistent wind flows. The development of integrated renewable parks that combine solar, wind, and storage infrastructure is gaining momentum, improving land utilization and reducing transmission and operational lithium-ion battery prices are accelerating this trend, making storage more viable and reducing dependence on diesel. Battery integration also enhances energy delivery stability and enables better load management, making these hybrid models increasingly attractive for both commercial and utility-scale applications. Key Attributes: Report Attribute Details No. of Pages 84 Forecast Period 2025 - 2031 Estimated Market Value (USD) in 2025 $263 Million Forecasted Market Value (USD) by 2031 $365 Million Compound Annual Growth Rate 5.5% Regions Covered India Report Scope: Key Market Players Siemens AG General Electric Company ABB Ltd. Schneider Electric SE Caterpillar Inc. Mitsubishi Heavy Industries, Ltd. Cummins Inc. Vestas Wind Systems A/S India Hybrid Power Solutions Market, By System Type: Solar-Diesel Wind-Diesel Solar-Wind-Diesel Others India Hybrid Power Solutions Market, By Power Rating: Up to 10 kW 11 kW-100 kW Above 100 kW India Hybrid Power Solutions Market, By Sales Channel: Direct Indirect India Hybrid Power Solutions Market, By End User: Residential Commercial Telecom Others India Hybrid Power Solutions Market, By Region: South India North India West India East India For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Indian Hybrid Power Solutions Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error 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
Techday NZ
6 days ago
- Business
- Techday NZ
Celonis named global process mining leader by Everest Group assessment
Celonis has been recognised as a Leader for the sixth consecutive year in the Everest Group PEAK Matrix for Process Mining, maintaining its standing in the annual assessment of the global process mining software market. The latest Everest Group Process Mining PEAK Matrix Assessment 2025 assessed several players in the market, with Celonis being highlighted not only as a Leader but also as a Star Performer for the fourth consecutive year. According to Everest Group, this consistent positioning is attributed to both the company's market impact and ongoing advancements in its platform's capabilities. The Everest Group report cited Celonis' investments in artificial intelligence-related tools and enhancements to its process mining technologies. These investments include generative AI Process Copilots, the AgentC tool for developing AI agents using process intelligence, and the AI Annotation Builder which applies AI to transform raw enterprise data into structured insights. AI and process intelligence Celonis' platform is supported by its scalable Data Core infrastructure, which allows for real-time ingestion and transformation of operational data. The company's improvements in object-centric process mining were also noted as enabling users to identify and optimise complex real-life enterprise processes more effectively. Everest Group recognised Celonis for achieving top scores in the assessment's categories covering portfolio mix, value delivered, process intelligence, and implementation and support. Celonis continues to strengthen its position as a Leader and Star Performer in Everest Group's Process Mining Products PEAK Matrix 2025, thanks to its strong vision and strategy, robust global presence and ecosystem, and depth and breadth of its process mining capabilities. Amardeep Modi, Vice President at Everest Group, further remarked, "Continued product investment and innovations like AgentC, AI Annotation Builder, Process Copilots, and Process Adherence Manager contributed to its position." "Clients have expressed strong satisfaction with Celonis' scalability, ease of use, product roadmap, and system-agnostic nature." Market and customer impact Celonis has continued to expand its suite of solutions and refine its infrastructure. Everest Group emphasised the influence of the Process Intelligence Graph, the core component of the Celonis platform, which integrates operational data and business context to form a digital twin of an organisation's activities. This digital representation is designed to support analysis and optimisation efforts across a business. According to the report, the Process Intelligence Graph, in combination with AgentC - a suite of AI agent tools, integrations, and partnerships - enables the application of process intelligence to a variety of AI-driven processes, both through prebuilt agents offered by Celonis and those developed by clients on other AI platforms. Platform enhancements Celonis also introduced a set of upgrades to its AgentC suite, including a broadened Process Intelligence API. This API is designed to support secure sharing of process intelligence context, metrics, and actionable recommendations with AI development tools. The upgrades are intended to make integration with various AI development platforms more seamless for enterprises. Another area of enhancement presented is the Orchestration Engine. This new orchestration layer connects and coordinates processes and tasks across disparate enterprise tools, systems, and departments. Such orchestration is increasingly necessary as organisations deploy multiple types of automation - including workflow automation, RPA robots, and manual processes - across a range of IT environments. Eugenio Cassiano, SVP Strategy & Innovation at Celonis, commented, "Enterprises need processes that work, and Celonis is committed to making sure that everyone is free to make their processes work, no matter which systems they're using. "Celonis is helping companies across every industry optimize their processes, maximise the ROI of their AI deployments, and generate business value. We have consistently earned the trust of the market and the recognition of leading analysts like Everest Group for our superior capabilities and undeniable market impact. Our depth of experience, proven track record, and continuous innovation are unmatched in the industry, and we are proud to support our customers' enduring success." Process mining market context Everest Group defines process mining as an analytics approach designed to discover, monitor, and optimise business processes by examining event logs generated by systems such as ERP and CRM platforms. This data-driven technology helps businesses identify areas for operational improvement and supports a range of strategic goals, from reducing costs to accelerating digital transformation and improving customer experience. The assessment noted that as businesses seek greater value, process mining products are developing in sophistication, with vendors introducing more advanced capabilities to align with evolving enterprise objectives. The report concluded that the rapid adoption of process mining is making it one of the fastest-growing sectors within the Intelligent Automation space.
