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Stillwater Critical Minerals Announces Participation in Red Cloud's Pre-PDAC Mining Showcase
TMX Newsfile· 2026-02-24 12:15
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2026) - Stillwater Critical Minerals Corp. (TSXV: PGE) (OTCQB: PGEZF) (FSE: J0G) (the "Company", or "Stillwater") is pleased to announce the Company will be attending the Red Cloud Pre-PDAC Mining Showcase, being held February 26-27, 2026 at The Omni King Edward Hotel in Toronto.Stillwater's President and CEO Michael Rowley will be presenting on February 26th at 2:40pm Eastern Standard Time in the Sovereign Room, providing an update on the Company ...
Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2025 Results; Provides Guidance for 2026
Businesswire· 2026-02-23 22:30
Core Viewpoint - Black Stone Minerals, L.P. reported its financial and operational results for Q4 and the full year of 2025, along with guidance for 2026, highlighting significant production and net income figures [1]. Financial Performance - Mineral and royalty production for Q4 2025 was 30.9 MBoe/d, while total production, including working interest volumes, reached 32.1 MBoe/d for the quarter [1]. - The net income for Q4 2025 was reported at $72.2 million [1]. Production Guidance - The company provided guidance for 2026, indicating expectations for continued production levels [1].
Resolution Minerals Ltd to Present at Australia Investor Day February 26th
Globenewswire· 2026-02-23 21:00
SYDNEY, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Resolution Mineral Ltd. (ASX:RML; OTC: RLMLF) today announced that Craig Lindsay, CEO of US Operations, will present live at Australia Investor Day hosted by VirtualInvestorConferences.com and OTC Markets Group, on February 26th, 2026. DATE: February 26th TIME: 2:15 PM ET REGISTER HERE To schedule a virtual 1x1 meeting, please click here. To schedule an in-person 1x1 meeting, please click here. This will be a live, interactive in-person and online event where invest ...
Defense Metals' Wicheeda Project Selected as One of only Three New Promising Projects by the British Columbia Critical Minerals Office for their Advanced Project Initiative
Prnewswire· 2026-02-23 12:00
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. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, th ...
Franco-Nevada Announces A$220 Million Financing Package with Minerals 260 for the Bullabulling Gold Project
Prnewswire· 2026-02-22 22:36
Core Viewpoint - Franco-Nevada Corporation has announced a significant financing package of A$220 million (approximately $155 million) with Minerals 260 to support the development of the Bullabulling Gold Project in Western Australia, marking Franco-Nevada's largest royalty acquisition in Australia [1] Group 1: Transaction Details - Franco-Nevada will acquire a gross royalty of A$170 million (approximately $120 million) from Minerals 260, increasing its total gross royalty on the Bullabulling land package to 2.45% [1] - The financing package includes a subscription for A$50 million (approximately $35 million) of Minerals 260's ordinary shares, resulting in Franco-Nevada owning approximately 4.9% of Minerals 260's issued shares [1][2] - The initial A$75 million royalty funding is expected to occur around February 26, 2026, with a second A$95 million funding contingent on obtaining FIRB approval [2] Group 2: Project Overview - The Bullabulling Gold Project is located approximately 65 km from Kalgoorlie, Western Australia, with existing resources of 3.0 million ounces (Moz) of Indicated Resources and 1.5 Moz of Inferred Resources [1] - The project has significant exploration potential, with a large resource base covering multiple deposits and a recent drilling campaign that nearly doubled the mineral resources since 2011 [1] - A pre-feasibility study is targeted for completion by mid-2026, with a final investment decision expected in early 2027, and first gold production potentially as soon as the second half of 2028 [1] Group 3: Management and Expertise - Minerals 260 is led by experienced management, including Chairman Tim Goyder, who has over 40 years in the resource industry, and CEO Luke McFadyen, who has over 15 years of mining experience [1] - The management team's expertise is expected to facilitate the rapid advancement of the Bullabulling project and unlock value for shareholders [1]
Nuvau Minerals Announces Amendment to Private Placement Terms
TMX Newsfile· 2026-02-21 00:34
Core Viewpoint - Nuvau Minerals Inc. has amended the terms of its brokered private placement offering, aiming to raise up to $20 million through the issuance of units and flow-through shares [1][2]. Offering Details - The offering consists of up to 18,750,000 units priced at $0.80 per unit, targeting gross proceeds of up to $15 million [1]. - Additionally, the company plans to issue up to 5,555,555 flow-through common shares at $0.90 per share, aiming for gross proceeds of up to $5 million [2]. - The proceeds from the flow-through shares will be allocated to eligible Canadian exploration expenses, with at least 30% qualifying as flow-through critical mineral mining expenditures [2]. Related Party Transaction - A director of the company intends to sell up to 400,000 common shares to subscribe for an equivalent number of flow-through shares under the offering [4]. - This transaction is classified as a related party transaction under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Closing Timeline - The closing of the unit offering is expected around February 24, 2026, while the flow-through offering is anticipated to close on or about March 6, 2026 [6]. - The completion of the offering is subject to certain conditions, including conditional approval from the TSX Venture Exchange [6]. Additional Information - The agents involved in the offering have an option to sell additional units or flow-through shares, potentially raising an extra $5 million in gross proceeds [7]. - Nuvau Minerals is currently in the exploration and development phase, with its principal asset being the right to earn a 100% interest in the Matagami property from Glencore [9].
Search Minerals Announces Additional Shares-For-Debt Transactions
TMX Newsfile· 2026-02-20 22:30
St. Lewis, Newfoundland and Labrador--(Newsfile Corp. - February 20, 2026) - Search Minerals Inc. (TSXV: SMY) ("Search Minerals" or the "Company") is pleased to announce that it has entered into transactions with certain creditors for debt arising from the settlement agreements (the "Agreements") it entered into with Dr. Randy Miller, Ph.D, P.Geo., Longpoint Energy Group Inc., and JCL Consulting Group, who are creditors of the Company. Pursuant to the Agreements, the Company has agreed to settle an aggrega ...
MTI(MTX) - 2025 Q4 - Annual Report
2026-02-20 20:02
Financial Performance - Worldwide net sales were $2.1 billion in 2025, a 2% decrease from 2024 [206]. - Consolidated income from operations was $47.4 million in 2025, down from $286.5 million in 2024, primarily due to a $215 million provision for talc-related claims [206]. - Net loss was $18.4 million in 2025, compared to income of $167.1 million in the prior year, resulting in a loss of $0.59 per share [208]. - Income from operations in 2025 was $47.4 million, representing 2.3% of sales, a significant decrease from $286.5 million and 13.5% of sales in 2024 [224]. - The Consumer & Specialties segment's net sales decreased 4% to $1,097.7 million in 2025, driven by a challenging competitive environment in the cat litter products market [241]. - The Engineered Solutions segment's net sales slightly decreased to $974.9 million in 2025, with High-Temperature Technologies sales down 1% to $704.7 million [246]. - The Company recorded a consolidated net loss of $14.0 million in 2025, which included a $191.8 million charge related to litigation accrual and credit losses [237]. Cash Flow and Investments - Cash flow from operations for 2025 was $193.7 million, with cash, cash equivalents, and short-term investments totaling $332.6 million as of December 31, 2025 [209]. - Cash flow from continuing operations in 2025 was $193.7 million, down from $236.4 million in the prior year [252]. - The Company intends to use cash flow for investments in growth, shareholder returns, and debt reduction [252]. - Capital expenditures for 2026 are anticipated to be between $90 million and $100 million, aimed at improving operations and strategic growth [262]. - The Company repurchased $58.5 million in shares in 2025 under a $200 million buyback program [209]. - The Company repurchased 1,000,122 shares for $61.3 million under a share repurchase program authorized for up to $200 million [265]. Litigation and Provisions - In 2025, the Company recorded a provision for litigation accrual and credit losses of $215.0 million, including $30.0 million for debtor-in-possession financing [221]. - The Company recorded litigation expenses of $19.6 million in 2025 and $11.3 million in 2024 related to Oldco's bankruptcy [225]. - The Company recorded a provision of $215 million for estimated costs to fund a trust for talc-related claims and Chapter 11 Cases [270]. - The Company is involved in multiple lawsuits related to talc products, with accruals for loss contingencies recorded when liabilities are probable and estimable [279]. - In Q2 2024, the company recorded a provision for credit loss of $30 million due to an unfunded loan commitment related to the DIP Credit Agreement [306]. Tax and Compliance - The effective tax rate in 2025 was (35.0)%, primarily due to the net loss recorded during the year [229]. - The Company experienced a decrease in percentage depletion tax benefits to $8.9 million in 2025 from $10.0 million in 2024 [233]. - The Company began implementing the OECD's Pillar Two Model Rules in Q1 2024, assessing its impact across jurisdictions [236]. - The Company is in compliance with all covenants in the Amended Credit Agreement throughout the reporting period [259]. Assets and Liabilities - The net deferred tax liability was $75.5 million at December 31, 2025, down from $115.7 million in 2024, indicating a significant reduction in deferred tax liabilities [287]. - The allowance for credit losses (ACL) includes an unfunded loan commitment, which is recognized as a liability in accrued expenses [278]. - The Company assumed $1.9 million in long-term debt as part of the acquisition of Concept Pet Heimtierprodukte GmbH [261]. Research and Development - Research and development expenses were $22.9 million in 2025, representing 1.1% of net sales [220]. - The Company aims to increase market share in global cat litter products and deploy new products in pet care, including lightweight litter [214]. - The Company plans to continue developing innovative applications for its bleaching earth products in the edible oil and renewable fuel industries [214]. Pension and Interest Rates - The average rate of return on pension plan assets from inception through December 31, 2025, was approximately 9%, with a strategic allocation of 56% in equity securities, 32% in fixed income securities, and 12% in other securities [290]. - The Company recognized pension (benefit) expense of $(0.6) million in 2025, a decrease from $1.9 million in 2024, reflecting changes in discount rates and expected returns [291]. - An immediate 10% increase in interest rates would not materially affect the Company's results of operations, while a one percentage point change in interest rates would result in $4.2 million in incremental interest charges annually [303]. - The Company utilizes interest rate swaps to limit exposure to market fluctuations on floating-rate debt, having entered into a floating to fixed interest rate swap for a notional amount of $150 million [303]. Debt and Financing - As of December 31, 2025, there were no loans and $9.2 million in letters of credit outstanding under the Revolving Facility [256]. - The Company has a committed loan facility in Japan with an outstanding balance of $0.4 million as of December 31, 2025 [260]. - The Company assesses the recoverability of property, plant, and equipment using discounted cash flow models, with critical assumptions including business performance and financial results [283]. - The Company has two reporting units: Consumer & Specialties and Engineered Solutions, with no indication of impairment for either unit as of the fourth quarter of 2025 [281].
Namib Minerals Regains Compliance with Nasdaq Listing Rules
Globenewswire· 2026-02-19 21:00
NEW YORK, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Namib Minerals (“Namib Minerals” or “the Company”) (Nasdaq: NAMM) today announced that on February 18, 2026 the Company received a letter from the Nasdaq Stock Market LLC (”Nasdaq”) stating that the Company has regained compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C) (the “Rule”). Accordingly, the Company is now in compliance with all applicable listing standards, and its ordinary shar ...
LaFleur Minerals Progressing Towards Gold Pour at Beacon Gold Mill in Val-d'Or, Québec
TMX Newsfile· 2026-02-18 13:45
Core Viewpoint - LaFleur Minerals Inc. is advancing its Beacon Gold Mill restart plans, with a focus on near-term production and a comprehensive Preliminary Economic Assessment (PEA) [1][12]. Group 1: Company Overview - LaFleur Minerals Inc. operates in the Val-d'Or mining camp, a significant gold-producing region in the Abitibi Greenstone Belt, with over 73 million ounces of gold produced from 1926 to 2019 [2]. - The company owns the Beacon Gold Mill and the Swanson Gold Deposit, which are strategically located within this prolific mining area [1][3]. Group 2: Mill Restart Progress - The Beacon Gold Mill has undergone over $20 million in upgrades and modernization, with the last production occurring in 2022 when gold prices were around $2,000 per ounce [3]. - Current gold prices have exceeded $4,900 per ounce, enhancing the strategic value of the mill and its associated infrastructure [3][14]. - Approximately 30% of the total budget for the mill refurbishment has been spent, with significant physical progress achieved while maintaining cost control [6]. Group 3: Resource Development - The Swanson Gold Deposit has shown strong gold continuity with notable drill results, including an intercept of 2.05 g/t Au over 158.25 meters [11]. - The company aims to combine resource development at the Swanson Gold Deposit with the Beacon Gold Mill to accelerate production [7][12]. Group 4: Future Outlook - The upcoming PEA is expected to provide updated economic metrics and a development roadmap aligned with the company's production objectives, targeted for completion in March 2026 [12][14]. - The integrated asset portfolio of LaFleur Minerals offers capital efficiency and operational leverage, particularly as gold prices rise [14].