- American battery technology A BAT updated its initial assessment for the Tonopah Flats Lithium Project (TFLP).
It refined the project scope to use only measured and indicated mineral resources, excluding more speculative inferred resources.
This strategy improves project economics by improving access to higher quality resources and optimizing processing at the newly constructed demonstration facility.
Key upgrades include a 7% reduction in total processed shale, an 8% increase in lithium grade, a 7% decrease in production costs, and a 6% increase in project net present value to 4, 67 billion dollars.
- Steel dynamics STLD reported first-quarter results, with net revenue of $4.7 billion and net income of $584 million.
Highlights include 3.3 million tons of steel shipments, operating profit of $751 million, and adjusted EBITDA of $879 million.
The company’s financial health was further supported by $3.1 billion in liquidity and shareholder returns through $298 million in share repurchases and an 8% dividend increase.
Demand has been robust across sectors, particularly automotive and construction, driving sequential improvements in earnings and operating performance.
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- Golden royalty Corp GREY has entered into a three-year mutual cooperation agreement with Toro Mining Royalty Fund which allows both parties to co-invest in royalties and precious metal streams.
The agreement focuses on assets valued at $30 million or more and provides a framework for identifying and evaluating co-investment opportunities, with the ability for each party to invest 25% to 50% in selected transactions.
Additionally, any future sales of interests acquired through this partnership will provide preemptive rights to the other partner.
- Coeur Mining Inc CDE released its 2023 ESG Report, highlighting progress made in environmental, social and governance efforts aligned with shareholder value.
The report highlights Coeur’s achievement of the lowest injury rate among its peers of 0.46 and its adoption of the Global Industry Standard on Tailings Management (placing it among the 17% of non-Council on International Mining and Metals).
The company also shared its commitment to biodiversity through its Biodiversity Management Standard and advances in climate resilience, targeting a 35% reduction in greenhouse gas emissions by the end of 2024.
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