Minerals Technologies Inc. (MTX)
Black Stone Minerals: Development Agreements Should Boost Its Future Distributable Cash Flow
Black Stone's distribution coverage dipped below 1.0x in Q1 2025 due to lower production levels and spending on seismic data. Its distribution coverage in the longer-term looks fine at $70 oil and high-$3 natural gas. Black Stone's current production (from its developed assets) was a bit lower than I expected to start the year.
Tertiary Minerals puts spotlight on Jacks copper project
Tertiary Minerals PLC (AIM:TYM) has put the spotlight on its Jacks copper project in Zambia, which it describes as highly prospective, under-explored and ‘drill-ready'. Jacks covers around 70 square kilometres, in the vicinity of the ‘Central African Copperbelt', and has previously been the subject of exploration, including soil geochemistry, ground and airborne geophysics and drilling.
Antipa Minerals set to unlock gold-copper potential in WA's booming Paterson Province
Renowned for its rich mineral deposits, the Paterson Province in Western Australia is fast becoming a global exploration hotspot, with major players such as Greatland Gold and Rio Tinto established in the region and drawing significant interest. Positioned at the heart of this exploration boom, Antipa Minerals Ltd (ASX:AZY) is strategically placed to make a substantial impact.
Hudbay Minerals Restarts Snow Lake Operations Post Wildfire Disruption
HBM restarts Snow Lake operations post-wildfire, keeping the 2025 mine guidance on track.
Nexus Minerals reports significant expansion at Wallbrook Gold Project
Nexus Minerals Ltd (ASX:NXM) has received all gold assay results from its recently completed 237-hole, 10,171-metre regional aircore (AC) drill program at the Wallbrook Gold Project in Western Australia's northeastern goldfields. The results indicate significant progress in expanding the Branches Prospect, with new drilling results confirming a 1-kilometre extension to the mineralised system.
Aura Minerals Grows In Advance Of New U.S. IPO Plans
Aura Minerals has filed to uplist its stock and raise funding for its acquisition and growth plans. The company is in 'invest-to-scale' mode, prioritizing mine development and ramp-ups over dividends or buybacks, with robust capital spending plans. Risks include commodity price volatility, currency exposure, regulatory challenges, and revenue concentration in Brazil, but the market outlook for gold and copper remains favorable.
Apollo Minerals advances gold exploration at Salanie with Phase 2 drilling success
Apollo Minerals Ltd (ASX:AON, OTC:APOMF) has completed its 2025 Phase 2 drilling campaign at the Salanie Gold Project in Gabon, delivering a series of promising assay results. The program followed up on 2024's successful Phase 1 drilling, the first in the region in over 70 years.
Forte Minerals to raise up to C$2.7M for Peru drill programs
Forte Minerals Corp (CSE:CUAU, OTCQB:FOMNF) said it plans to raise up to C$2.7 million through a non-brokered private placement to fund drilling and exploration activities at its projects in Peru. The Vancouver-based company will issue up to 6 million units at C$0.40 per unit to raise as much as C$2.4 million, with an option to increase the offering by C$300,000.
Solis Minerals launches maiden drill campaign at Chancho al Palo copper-gold project in Peru
Solis Minerals Ltd has kicked off a maiden drill campaign at its Chancho al Palo copper-gold project in southern Peru, mobilising a diamond drill rig to test a suite of high-priority porphyry and iron oxide copper-gold (IOCG) targets. The 2,500-metre program is the company's first crack at drilling Chancho al Palo and a crucial test of its broader ambitions to turn underexplored ground into copper-gold discoveries along Peru's mineral-rich southern coast.
Dorchester Minerals: Reviewing Its Potential Results At Low-$60s Oil
Dorchester's Q1 2025 distribution ended up at around $0.726 per unit. At low-$60s oil, I'd expect its quarterly distribution to average around $0.60 to $0.65 per unit. Longer-term, I expect $70 WTI oil, which would support more of an average of $0.75 per unit in quarterly distributions (with periodic larger lease bonus payments included).
Pilbara Minerals Wants to Show It Can Weather the Lithium-Price Rout
In an interview, Chief Executive Dale Henderson spoke of how Pilbara Minerals, or PLS, is prioritizing cost savings after ramping up the expansion of its Pilgangoora lithium mine in remote northwest Australia.
Black Stone Minerals: Focusing On Natural Gas Acquisitions
Black Stone Minerals spent $110 million on acquisitions in 2024, funded primarily with cash on hand. It now has a slight amount of net debt and may add to that debt with continued acquisitions and the redemption of some Series A Preferred Units. I project its distribution coverage at 1.07x in 2025 at current strip.
