Latest news with #metric
Hamilton Spectator
21 hours ago
- Business
- Hamilton Spectator
American Tungsten Announces Strategic Advancements in IMA Mine Rehabilitation and Exploration Program
Vancouver, BC, July 30, 2025 (GLOBE NEWSWIRE) — American Tungsten Corp. (CSE:TUNG) (OTCQB:DEMRF) (FSE:RK9) ('American Tungsten' or the 'Company') is pleased to provide a corporate update on its ongoing efforts to rehabilitate the historic IMA Mine in Patterson, Idaho and advance its expanded drilling programme. This programme is a critical step toward unlocking long-term value and reinforcing the Company's position to play a vital role in ore supply of tungsten in North America for defense, industrial and technology applications. 'As global demand for secure critical metals intensifies, American Tungsten continues to build strategic momentum, reinforcing its role as a cornerstone of North America's tungsten supply chain. The Company's dual approach—revitalizing a historically rich asset while defining a maiden resource, positions American Tungsten at the forefront of sustainable resource advancement. Following several months of detailed environmental assessment, engineering design, and community engagement, American Tungsten is entering the next phase of its IMA Mine rehabilitation strategy. With a fully-funded programme, the Company has secured preliminary approval for its site remediation plan, which focuses on restoring the existing infrastructure to support future production goals,' said Ali Haji, CEO of American Tungsten Corp. IMA Mine Project entering next phase of rehabilitation strategy Please click here to view image About the IMA Mine Project: The IMA Mine is an advanced, readily permittable, past producing tungsten-molybdenum property situated in the Idaho porphyry belt and located on patented mining claims. American Tungsten has an immediate opportunity to advance strong identified molybdenum-bearing intrusion targets located below historic tungsten production area through step-out drilling program. The IMA mine is a past-producing underground tungsten mine situated on 22 patented claims located in east central Idaho. Between 1945 and 1957, the property produced approximately 199,449 metric ton units of tungsten trioxide (WO3). It was subsequently explored for molybdenum and tungsten by various operators between 1960 and 2008. The mine was last in production in 1957 with significant underground rehabilitation and development conducted on the zero level by Midwest Oil and Inspiration Development Co. in the 1960s and late 1970s, including development of new drifts around unstable areas and construction of underground drill stations. Current rehabilitation efforts aim to re-establish safe access to previously rehabilitated areas and underground drill stations. American Tungsten has contracted Rockhead Consulting LLC to perform initial underground rehabilitation of the mine. Rockhead Consulting is an established underground mining contractor based in Sheridan, Montana, with over 40 years experience and an emphasis on safety and productivity. Rockhead provides a wide range of mine development services including engineering and construction of tunnels, declines, raises, shaft rehabilitation and de-watering projects of various sizes and complexity. Key Strategic Priorities IMA Mine Rehabilitation Underway: Define IMA Mine Resources: Foster and Secure Key Strategic & Financial Partnerships: 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 exclusive 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: X: Facebook: corp/ Instagram: YouTube: For further information, please contact: Investor Relations Email: ir@ CSE:TUNG OTCQB:DEMRF FSE: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 certain statements that may be deemed 'forward-looking statements'. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'believes', 'expects', 'plans', 'anticipates', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company 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 may differ materially from those in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 — Standards of Disclosure for Mineral Projects ('NI-43-101'). Austin Zinsser, P.G., SME-RM, Vice President, Exploration for the Company, and a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical information in this news release.
Business Recorder
a day ago
- Business
- Business Recorder
Surge in sugar prices: PAC seeks records of all sugar mill owners, exporters again
ISLAMABAD: The Public Accounts Committee (PAC) has sought records of all sugar mill owners and exporters again, aiming to investigate the underlying causes of the nationwide surge in sugar prices. Junaid Akbar chaired the meeting of the PAC. The members committee showed serious concerns over the sudden raise in sugar prices as the commodity is being sold at Rs 210 per kg in Karachi and Rs 215 in Haripur, while the average price is at Rs 173 per kg nationwide. New official sugar prices notified for Karachi The officials of the Ministry of Industries hesitated to disclose the sugar mill owners, forced the chairman committee to issue directives for submission of names and directorship of sugar mills. The PAC chairman warned that a privilege motion would be moved in case the list was not submitted shortly. The secretary for Food Security also faced strong criticism for allegedly presenting inaccurate data of sugar production, export and prices. According to the data provided by the Ministry of Industries, 5.09 million tons of sugar approved for export in last 10 years but only 3.927 million tons were actually exported, earning over $400 million in foreign exchange. Officials stated that Pakistan produced 7.66 million metric tons of sugar last year, with 1.3 million metric tons in surplus. Of that, 500,000 tons were reserved for the next year, while the government approved the export of 790,000 tons in three phases. At the time of export, the local market price of sugar was Rs143 per kg, which has now jumped to Rs 173. The lawmakers criticised the ongoing cycle of sugar export and import, calling it a decade-long deception. Members committee Riaz Fatyana and Muhammad Arshad alleged that the nation was defrauded of Rs 287 billion due to the manipulated price hike and artificial shortages. Junaid asked the officials why sugar mills were awarded export subsidies and the reason behind the sudden issuance of SROs granting tax exemptions. Moin Pirzada accused the government of looting the nation and blamed the Sugar Advisory Board for corruption, calling the sugar mafia an integral part of the government. The committee was apprised that the prime minister formed a committee led by Deputy Prime Minister Ishaq Dar to probe the matter. Copyright Business Recorder, 2025
Time of India
2 days ago
- Business
- Time of India
DRI Mumbai seizes 160 tonnes of substandard Chinese toys, counterfeit cosmetics worth Rs 6.5 crore
Mumbai: In a major crackdown on smuggling of substandard goods, the Directorate of Revenue Intelligence (DRI), Mumbai zonal unit, seized 160 metric tonnes of illegally imported Chinese toys, counterfeit cosmetics, and unbranded shoes, valued at over ₹6.5 crore. Based on specific intelligence, DRI officers identified 10 containers at Mundra Port, Hazira Port, Kandla SEZ, and ICD Piyala (Faridabad). These containers, fraudulently declared as decorative items, keychains, and pencil boxes, were found concealed with large quantities of toys, cosmetics, and footwear. The toys were imported without mandatory BIS certification, violating the Foreign Trade Policy and Toys (Quality Control) Order, 2020. Counterfeit cosmetics infringed Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007, and lacked required CDSCO licenses. The unbranded shoes also breached the Footwear (Quality Control) Order, 2024. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai
Time of India
2 days ago
- Business
- Time of India
India and Taiwan were leading buyers of Russian naphtha in June, LSEG data shows
India and Taiwan were the leading destinations for Russian seaborne naphtha exports in June, as cheaper volumes and domestic demand attracted buyers, according to traders and LSEG data. Naphtha is a primary feedstock in the petrochemical industry for producing olefins and aromatics, which are then used to manufacture a wide array of products, including plastics, synthetic resins, synthetic fibers, and various other chemicals. Since the European Union's full embargo on Russian oil products went into effect in February 2023, countries in the Middle East and Asia have become the main destinations for Russia's naphtha supplies. Naphtha export shipments from Russian ports to India in June totalled 250,000 metric tons, down 5% from May, and exceeded 1.4 million tons in the first half of 2025. Russian naphtha arrived at the western Indian ports of Mundra, Hazira, and Sikka, shipping data showed. India partially replaced naphtha purchases from the United Arab Emirates with cheaper Russian supplies in order to reduce import costs. Naphtha exports from Russian ports to Taiwan reached 234,000 tons last month, double their May level, and totalled 1.27 million tons between January and June, according to LSEG data. Singapore, Malaysia, Turkey and China were among the other top destinations for Russian naphtha export supplies in June. Ship-tracking data showed that no cargoes from Russian ports arrived in Fujairah in the United Arab Emirates in June. Russia had supplied 80,000 tons to the UAE in May. Vessels carrying nearly 300,000 tons of Russian naphtha loaded last month are heading to Asia via Southern Africa's Cape of Good Hope. Asia received 150,000 tons in May. Traders have been diverting Russian oil products cargoes around Africa since December 2023 to avoid the Red Sea due to a heightened risk of attacks by Yemen's Iran-aligned Houthi group. All the shipping data above are based on the date of cargo departure.
Economic Times
2 days ago
- Business
- Economic Times
Aircraft maker Boeing's losses shrink as jet deliveries rebound
Boeing's quarterly losses more than halved and were much smaller than analysts' predictions as the U.S. planemaker ramped up jet production and deliveries, recovering from a regulatory crisis and a major strike that halted most production last year. ADVERTISEMENT Shares of the planemaker rose 2.4% in premarket trading as the results highlighted Boeing's efforts to cautiously increase monthly output this year, following years of quality issues and production delays on its flagship 737 MAX. An improvement in deliveries marks a pivotal step in Boeing's effort to rebound from years of production disruptions and crises that piled on debt, highlighting the urgency of accelerating output to restore financial stability. The planemaker's free cash flow usage, a key metric for Wall Street, also came in better than expected, signaling an improving cash position. "As we continue to execute our Safety & Quality Plan, there's more stability in our operations," CEO Kelly Ortberg said in a letter to Boeing employees on Tuesday. In May, the company produced 38 737s and production has been stable since then, according to the company. ADVERTISEMENT The U.S. Federal Aviation Administration had capped the production of Boeing's best selling 737 MAX jets following a mid-air panel blowout in a nearly new jet in January 2024. "We plan to seek FAA approval to increase to rate 42 when our key performance indicators (KPIs) show that we're ready," Ortberg added. ADVERTISEMENT It delivered 206 737 MAX jets through the first half of the year. Wall Street closely tracks aircraft deliveries, because planemakers collect much of their payment when they hand over jets to customers. Boeing also increased 787 production at its plant in Charleston, South Carolina, from five aircraft a month to seven a month. ADVERTISEMENT Through the first half of the year, the planemaker booked 668 orders, or 625 net orders after cancellations and conversions. It reported free cash flow usage of $200 million for the quarter, compared with analysts' expectations of $1.72 billion, according to data compiled by LSEG. ADVERTISEMENT Operating profit in its defense, space and security business came in at $110 million, compared with a loss of $913 million a year ago. The planemaker posted an adjusted core loss per share of $1.24 for the quarter through June, compared with $2.90 a year ago. Analysts had expected loss of $1.48 per share. Revenue for the quarter rose 35% to $22.75 billion, beating analysts' estimates of $21.84 billion. (You can now subscribe to our ETMarkets WhatsApp channel)
