Happy Creek Minerals Ltd. (TSX-V:HPY, OTC:HPYCF) said on Wednesday it had increased the size of its previously announced non-brokered private placement to C$3.75 million, following strong investor demand.
Uranium American Resources Inc. (OTC:TNGL) said it has secured a $3.5 million equity investment from a US institutional investor to complete its acquisition of JAG Minerals Pty Ltd. The financing, structured as a unit transaction, was priced at $0.06 per share—representing a significant premium to UAR's current share price—and includes one warrant per share allowing the investor to purchase additional shares at $0.10 for up to 48 months.
Happy Creek Minerals Ltd. (TSX-V:HPY, OTC:HPYCF) has announced a non-brokered private placement raising up to C$3.25 million, including a lead investment from funds managed by Waratah Capital Advisors.
USLM boasts a dominant regional position, a debt-free balance sheet, and robust free cash flow, making it a compelling, low-risk industrial investment. The company benefits from infrastructure and environmental tailwinds, with high barriers to entry and strong pricing power in its core markets. Despite energy cost and customer concentration risks, USLM's operational efficiency and modernization investments support margin stability and growth.
Northern Dynasty Minerals (TSE:NDM) shares surged almost 20% after the Vancouver-based exploration and development company announced that it is exploring a potential settlement with the US Environmental Protection Agency (EPA) regarding its Pebble project in Alaska. Northern Dynasty and its subsidiary Pebble Limited Partnership are currently in talks with the EPA to explore a potential settlement that could lead to the withdrawal of a previous veto blocking the project.
Hudbay Minerals delivers strong Q1 2025 results with record EBITDA, robust free cash flow, and disciplined cost control across diversified copper and gold operations. Operational stability remains intact despite Manitoba wildfire disruptions; management maintains 2025 production guidance and continues to execute growth projects. Gold production and revenue diversification help offset copper price volatility, while Copper Mountain and Copper World offer unpriced long-term upside.
Tertiary Minerals PLC (AIM:TYM) has reported significant progress at its Konkola West copper project in Zambia, where partner KoBold Metals is carrying out a major drilling campaign as part of an earn-in agreement. The first drill hole, KWDD001, reached a depth of 2,711m before being terminated due to technical issues, making it the deepest mineral exploration hole recorded in the Zambian Copperbelt.
BSM remains a BUY due to the upcoming Culberson County oil pad, which should boost high-margin oil production and revenue starting in late 2024. Recent natural gas price recovery led to the first production increase in over a year, but declining oil output offset revenue gains. Q1 results were mixed: higher revenue from natural gas, but distribution coverage dipped due to falling oil production and unusual exploration and G&A expenses.
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 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.
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.
HBM restarts Snow Lake operations post-wildfire, keeping the 2025 mine guidance on track.