Erdene Resource Development TSE: ERD said its preliminary economic assessment (PEA) for the wholly owned Zuun Mod Molybdenum-Copper Project in southwestern Mongolia outlines a potential large-scale operation with an after-tax net present value of $745 million at an 8% discount rate under its base-case metal-price assumptions.
American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has outlined a larger development case for its Cowboy State Mine in Wyoming, with an updated Scoping Study estimating an after-tax net present value (NPV) of about US$1.07 billion and a 26-year operating life. The study assesses a 4.5 million tonne per annum operation, up 50% from the previous 3 million tonnes per annum case, with initial capital estimated at about US$900 million including contingency.
NioCorp Developments NASDAQ: NB detailed its recently published 2026 technical report for the Elk Creek Critical Minerals Project in Nebraska, outlining an expanded product suite, updated mine design and projected economics for the proposed underground mining and processing operation.
NioCorp Developments is rated a speculative Buy with a conditional $6.50 price target, hinging on successful project financing for Elk Creek. NB's valuation is deeply discounted versus project NPV, reflecting significant construction and financing risks, with current liquidity only extending its operational lifeline. Project economics are based on 2019 costs, and the $1.141 billion capex requires substantial external financing; EXIM and Traxys agreements are not binding or sufficient.
U.S. Gold Corp. offers a fully permitted, feasibility-stage gold project trading at less than a third of spot NPV, with significant upside potential. CK Gold Project delivers robust economics: $1.1B NPV at spot gold, 42% IRR, and rapid 18-month payback but is a single-asset, pre-revenue story. USAU's valuation is compelling versus peers, with lower EV per reserve ounce and unassigned optionality in Nevada and Idaho projects.
Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV - Get Free Report) crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.52 and traded as low as $11.49. Nuveen Virginia Quality Municipal Income Fund shares last traded at $11.5150, with a volume of 19,883 shares. Nuveen