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Sokoman Minerals Corp. Announces Non-Brokered Flow-Through Private Placement
Newsfile· 2025-04-25 19:56
Core Viewpoint - Sokoman Minerals Corp. announces a non-brokered private placement of flow-through shares for gross proceeds of up to CAD$400,000, expected to close by May 7, 2025 [1][2]. Group 1: Private Placement Details - The private placement is priced at CAD$0.05 per flow-through share, with the first closing of CAD$300,000 imminent [2]. - All securities issued will be subject to a four-month and one-day hold period [2]. - The company may pay finders' fees in cash and broker warrants as permitted by the TSX Venture Exchange [3]. Group 2: Use of Proceeds - The company intends to use the gross proceeds from the sale of flow-through shares to incur eligible Canadian exploration expenses, specifically flow-through mining expenditures, by December 31, 2026 [4]. - A total of CAD$400,000 is planned to be spent on exploration projects [5]. Group 3: Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects [6]. - The company's flagship projects include Moosehead, Crippleback Lake, and Fleur de Lys, targeting Dalradian-type orogenic gold mineralization [6]. - The company has a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6]. Group 4: Recent Developments - In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc. to advance a lithium project [7].
MTI(MTX) - 2025 Q1 - Earnings Call Transcript
2025-04-25 17:57
Minerals Technologies Inc. (NYSE:MTX) Q1 2025 Earnings Conference Call April 25, 2025 11:00 AM ET Company Participants Lydia Kopylova - Head of IR Doug Dietrich - Chairman and CEO Erik Aldag - CFO Brett Argirakis - Group President, Engineered Solutions Conference Call Participants Daniel Moore - CJS Securities Mike Harrison - Seaport Research Partners David Silver - C.L. King Pete Osterland - Truist Securities Operator Good morning. And welcome to the Minerals Technologies Inc. First Quarter 2025 Earnings C ...
Sokoman Minerals Completes Vinland Shares Spin-Out
Newsfile· 2025-04-25 14:54
St. John's, Newfoundland and Labrador--(Newsfile Corp. - April 25, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") announces that the Company's planned spin-out of approximately half of its shares of Vinland Lithium Inc. ("Vinland") has been completed. Accounts holding at least 8,000 Sokoman shares will see approximately 50 Vinland shares credited for each 8,000 Sokoman shares owned, with the credit effective April 30, 2025.Details of the spin-out are contained in the ...
Here's What Key Metrics Tell Us About Minerals Technologies (MTX) Q1 Earnings
ZACKS· 2025-04-25 14:35
For the quarter ended March 2025, Minerals Technologies (MTX) reported revenue of $491.8 million, down 8% over the same period last year. EPS came in at $1.14, compared to $1.49 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $492 million, representing a surprise of -0.04%. The company delivered an EPS surprise of -1.72%, with the consensus EPS estimate being $1.16.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
Minerals Technologies (MTX) Misses Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-24 23:10
Minerals Technologies (MTX) came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.72%. A quarter ago, it was expected that this maker of mineral, mineral-based and synthetic mineral products would post earnings of $1.39 per share when it actually produced earnings of $1.50, delivering a ...
MTI(MTX) - 2025 Q1 - Quarterly Results
2025-04-24 21:05
Financial Results - Minerals Technologies Inc. announced preliminary financial results for Q1 2025[5] - Specific financial figures and performance metrics were not disclosed in the provided content[5] Legal Matters - The company is currently managing subsidiaries' Chapter 11 cases[5]
Fitzroy Minerals Ltd. Clarifies Technical Disclosure
Thenewswire· 2025-04-24 21:00
 VANCOUVER, BRITISH COLUMBIA, April 24, 2025 – TheNewswire - FITZROY MINERALS INC. (TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy Minerals” or the "Company") announces that, as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its disclosure. In the Company’s Q4 2024 corporate presentation, the Company incorrectly disclosed a target on its Buen Retiro project (the “Project”). The Company confirms that the Project does not have a current re ...
Minerals Technologies Inc. Announces 2025 First Quarter Financial Results
Newsfilter· 2025-04-24 21:00
Core Insights - Minerals Technologies Inc. (MTI) reported a significant loss per share of $4.51 for Q1 2025, primarily due to a reserve established for its subsidiary BMI OldCo's Chapter 11 case. Excluding special items, earnings were $1.14 per share [1][4][21] - The company initiated a $10 million cost savings program, mainly through workforce reductions, with an expected full run rate by early 2026 [5][22] Financial Performance - Worldwide net sales for Q1 2025 were $492 million, down 8% year-over-year, impacted by softer demand and unfavorable foreign exchange effects [2][28] - Reported operating loss was $160 million, while operating income excluding special items was $63 million, representing 12.9% of sales [3][29] - Special items totaled $223 million, including a $215 million provision for talc-related claims and the Chapter 11 case [4][30] Segment Results - Consumer & Specialties segment sales were $268 million, down 10% from the prior year, with Household & Personal Care sales at $123 million (down 11%) and Specialty Additives at $145 million (down 8%) [6][7][28] - Engineered Solutions segment sales were $224 million, down 6% year-over-year, with High-Temperature Technologies at $169 million (down 4%) and Environmental & Infrastructure at $54 million (down 10%) [9][10][28] - Segment operating income for Consumer & Specialties was $30 million, while Engineered Solutions reported $34 million, both showing declines compared to the previous year [11][29] Cost Management and Future Outlook - The company recorded a charge of $5.5 million related to the cost savings program initiated in Q1 2025 [5][22] - Management expressed confidence in resolving liabilities through the Chapter 11 process and anticipates improved sales trends continuing into Q2 2025 [3][5]
Wealth Minerals Provides Update on Kuska Permitting
Newsfile· 2025-04-23 18:42
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the "Company" or "Wealth") announces that its initial application for its Kuska lithium project to receive a special lithium operation contract ("CEOL") by the State of Chile has been declined under the Fast-Track permitting policy announced on September 30, 2024. The Company is evaluating its alternatives for obtaining the CEOL, either by appealing through regular chan ...
Canterra Minerals Identifies New Exploration Targets Outside of Existing Resource and Expands Boomerang Project
Newsfile· 2025-04-23 11:00
Canterra Minerals Identifies New Exploration Targets Outside of Existing Resource and Expands Boomerang ProjectApril 23, 2025 7:00 AM EDT | Source: Canterra Minerals CorporationVancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce the identification of multiple new geochemical and geophysical targets at its Boomerang Project. Additionally, Canterra confirms the e ...