Canagold Resources Ltd (TSX:CCM, OTCQB:CRCUF) has released results of a feasibility study for its 100%-owned New Polaris gold-antimony project in northwestern British Columbia, outlining strong project economics, low capital costs, and significant upside from critical mineral antimony.
The study estimates an after-tax net present value (NPV) of C$425 million and an internal rate of return (IRR) of 30.9% at a base case gold price of US$2,500 per ounce. Using a spot gold price of US$3,300, the NPV rises to C$793 million with a 47.3% IRR.
Shares of Opendoor Technologies Inc (NASDAQ: OPEN) soared more than 85% on Monday as a wave of retail investor enthusiasm sent the stock to its highest level in over a year, reviving memories of the GameStop Corp (NYSE:GME) trading mania of 2021.
The online real estate platform’s stock has jumped 188% over the past week, rising from just above $0.50 in late June to $4.22 at midday Monday.
Cleveland-Cliffs Inc. (NYSE:CLF) shares surged almost 15% after the steel producer’s latest quarterly report impressed.
Revenue for the quarter was $4.9 billion, ahead of the Wall Street consensus of $4.85 billion.
Verizon Communications Inc (NYSE:VZ, ETR:BAC) shares jumped almost 5% after the telecommunications firm posted better-than-expected financial results for the second quarter and raised its full-year profit and free cash flow forecasts.
For Q2, the company reported adjusted earnings per share (EPS) of $1.22, up from $1.15 in the year-ago quarter and $0.04 above the Street consensus of $1.18.
Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) announced that it has mobilized a mining contractor and commenced underground rehabilitation activities at its Mallay Silver Mine in Peru.
The company said the work is a key step in its plan to restart operations at the past-producing mine and return to silver production.
Protalix BioTherapeutics Inc (NYSE-A:PLX) has announced the appointment of Gilad Mamlok as senior vice president and chief financial officer, succeeding Eyal Rubin.
Mamlok has already joined the company and is currently working alongside Rubin, the company said. Following the end of his tenure, Rubin will remain available to the company as needed until October 2025.
American Resources Corp (NASDAQ:AREC) and its subsidiary ReElement Technologies have signed a memorandum of understanding (MOU) with Impossible Metals Inc to jointly develop a vertically integrated US-based supply chain for critical minerals, the companies said on Monday.
The partnership aims to combine Impossible Metals' deep-sea nodule harvesting technology with ReElement's refining capabilities to deliver copper, cobalt, nickel, manganese, and rare earth elements from seabed to finished product within the US.
Digi Power X Inc (NASDAQ:DGXX, TSX-V:DGX) announced that it has entered into a definitive securities purchase agreement to raise approximately US $15 million in gross proceeds through a registered direct offering of common stock.
The offering involves the sale of approximately 4.8 million shares, or pre-funded warrants in lieu thereof, at US$3.12 per share to a single new fundamental institutional investor.
Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF) shares rose 5% after the company announced it has started a fresh drilling campaign at Target A1 on its Mushima North project in Zambia.
The new programme will see up to 1,500 metres of air core and reverse circulation drilling to build on promising results from late 2024, where earlier holes uncovered significant silver, copper and zinc mineralisation.
Shares in Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF) rose 7% after the group confirmed the start of production at its Demirli copper mine in Azerbaijan’s Karabakh Economic Region.
This marks the second new mine to come online for the company this year and strengthens its ambition to become a mid-tier, multi-asset copper producer.