Category: Natural Resources

Alpayana’s All-Cash Offer for Sierra Metals

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Alpayana offers $1.15/share cash for Sierra Metals in a board-supported bid.
– Sierra Metals’ board recommends shareholders accept the premium offer.
– Experienced Alpayana extends bid deadline to May 12, 2025.

In a development that could significantly impact small and micro-cap mining investors, Sierra Metals Inc. (TSX: SMT) has announced an agreement in principle for an all-cash takeover bid from Alpayana S.A.C. and its Canadian subsidiary, Alpayana Canada Ltd. The offer, priced at CDN $1.15 per common share, represents a board-supported initiative that aims to bring Sierra Metals under the ownership of the experienced Peruvian mining firm.

This agreement marks a potential turning point for Sierra Metals, a Canadian company focused on copper production with additional base and precious metals by-products from its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The all-cash offer provides a clear exit strategy for current shareholders at a defined premium, pending the finalization of a support agreement expected by April 30, 2025.

The CDN $1.15 per share bid has garnered the unanimous support of Sierra Metals’ Board of Directors and a special committee of independent directors. This endorsement is further strengthened by an oral fairness opinion from BMO Capital Markets, Sierra Metals’ financial advisor, which suggests the offer is fair from a financial perspective to the company’s shareholders, subject to certain conditions and limitations. Consequently, the Sierra Metals board will unanimously recommend that shareholders tender their shares to the Supported Bid.

Alpayana’s interest in Sierra Metals comes from a position of financial strength and extensive operational experience. Alpayana is a family-owned, private mining company with over 38 years of experience operating in Peru. Notably, the company boasts annual revenues exceeding US$500 million and is currently debt-free, indicating a robust financial foundation to support this acquisition. Alpayana emphasizes a commitment to sustainable and responsible mining practices, focusing on the well-being of employees, communities, and the environment. Their track record includes successful mergers and acquisitions and a long-term investment perspective.

To facilitate the transaction and provide Sierra Metals shareholders ample time to consider the offer, Alpayana Canada has extended the expiry time of its existing takeover bid to 5:00 p.m. (Toronto time) on May 12, 2025. This extension suggests a commitment from Alpayana to ensure a smooth and considered process for shareholders.

For investors in the small and micro-cap space, this acquisition presents a potential opportunity to realize immediate value on their Sierra Metals holdings. The all-cash nature of the offer removes future market risk associated with the company’s stock. However, for those who believe in Sierra Metals’ long-term growth potential, particularly given its recent discoveries and exploration opportunities in Peru and Mexico, the offer might represent a premature exit.

The coming weeks will be crucial as the support agreement is finalized and Sierra Metals issues an amended Directors’ Circular with further details and its formal recommendation. Investors should carefully review these documents and assess their investment objectives in light of this developing acquisition.

Take a moment to take a look at Noble Capital Markets’ Research Analyst Mark Reichman’s coverage list for more emerging growth industrials and basic industries companies.

Solar Stocks Surge as US Announces Steep Tariffs on Southeast Asian Panel Imports

Posted on by slightbourne@noblecapitalmarkets.com
Key Points
– US plans tariffs up to 3,521% on solar panel imports from four Southeast Asian nations.
– Domestic solar stocks surged, led by First Solar and Sunnova Energy.
– The move could revive US-based solar manufacturing and reshape the industry.

Solar stocks rallied Tuesday after the US Department of Commerce unveiled plans to impose massive tariffs — as high as 3,521% — on solar panel imports from four Southeast Asian countries. The move sent shares of domestic solar manufacturers sharply higher as investors bet on a wave of renewed demand for American-made panels.

First Solar (FSLR) led the charge, soaring more than 9%, while Sunnova Energy (NOVA) jumped over 12%. Other solar-related names like SolarEdge Technologies (SEDG), Array Technologies (ARRY), and Enphase Energy (ENPH) also posted notable gains. The Invesco Solar ETF (TAN), a barometer for the sector, rose nearly 5% on the day, signaling a broad-based rally.

The proposed duties follow a yearlong investigation into claims that Chinese solar manufacturers were using proxy operations in Southeast Asia to circumvent earlier trade restrictions. The Commerce Department concluded that imports from Cambodia, Malaysia, Thailand, and Vietnam were being “dumped” into the US market — sold at artificially low prices — with the backing of Chinese state subsidies. Companies in Cambodia that failed to cooperate with the probe face the stiffest penalties.

If approved by the International Trade Commission (ITC), the tariffs could reshape the competitive landscape for solar panel manufacturing, providing a significant tailwind for US-based producers. The ITC has until June 2 to determine whether the subsidized imports harmed the domestic solar industry — a key requirement before the Commerce Department can implement the levies.

The decision is a major victory for the American Alliance for Solar Manufacturing, a coalition of US-based producers that pushed for the trade probe. The group has long argued that Chinese-headquartered firms have gamed the system by establishing operations in neighboring countries while continuing to benefit from Chinese subsidies. Advocates say the resulting price suppression has undermined domestic companies and led to job losses across the sector.

For US manufacturers, the announcement caps years of efforts to shift production closer to home — a trend first accelerated by the Biden administration’s Inflation Reduction Act, which offered tax incentives for domestic clean energy development. Companies like Enphase and First Solar have been actively reshoring production. First Solar, for example, opened a new facility in Alabama last year and now boasts a sizable manufacturing footprint in Ohio and Louisiana.

Despite Tuesday’s rally, solar stocks have struggled in 2025. Rising interest rates have increased financing costs for consumers, putting downward pressure on demand. The sector was also rattled by political headwinds following President Trump’s return to the White House and his vocal support for traditional energy. The tariffs, however, may signal a shift — a more nuanced approach to energy independence that could favor domestic solar even under a fossil fuel-friendly administration.

While the solar ETF TAN remains down more than 13% year to date and 27% lower over the past 12 months, the tariff announcement could serve as a turning point. Investors appear to be recalibrating their expectations for the space, betting that the tariff protections will help stabilize margins and renew growth.

If finalized, the tariffs could usher in a new chapter for American solar, one where domestic innovation and manufacturing play a central role in the industry’s expansion.

CMOC Acquires Lumina Gold for C$581 Million in All-Cash Deal

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– CMOC’s acquisition of Lumina Gold offers shareholders a 71% premium over the 20-day VWAP and a 41% premium over the April 17, 2025 closing price.​
– The acquisition aims to propel the development of the Cangrejos project, one of the largest primary gold deposits globally, with CMOC providing interim financing to support ongoing needs.​
– The deal reflects strong investor confidence in the mining sector, potentially influencing indices like the Russell 2000 and upcoming Russell reconstitution.

Lumina Gold Corp. (TSXV: LUM) has announced a definitive agreement to be acquired by CMOC Singapore Pte. Ltd., a subsidiary of CMOC Group Limited, in a strategic all-cash transaction valued at approximately C$581 million. Under the deal, CMOC will purchase all outstanding Lumina shares at C$1.27 per share — a significant premium that reflects growing interest in high-potential gold projects and underscores the strategic value of Lumina’s flagship asset, the Cangrejos project in Ecuador.

This premium amounts to a 71% increase over Lumina’s 20-day volume-weighted average price (VWAP) and a 41% premium to its closing price on April 17. The all-cash offer, which is not subject to financing conditions, offers immediate liquidity to shareholders and removes future exposure to commodity and execution risks.

Backed by over a decade of exploration and development, Lumina has transformed the Cangrejos project from an undeveloped parcel into one of the largest primary gold deposits in the world. With proven scale and a completed Pre-Feasibility Study in 2023, Cangrejos represents a cornerstone asset for CMOC’s continued expansion into Latin America’s resource-rich regions.

As part of the transaction, CMOC has also committed to interim financing of US$20 million via unsecured convertible notes to support near-term development. The notes carry a 6% annual interest rate and a conversion price of C$1.00 per share — itself an 11% premium to Lumina’s market close at the time of signing.

Lumina’s board of directors unanimously approved the transaction following a recommendation from a special committee of independent directors. Shareholders holding 52.3% of Lumina’s outstanding shares have already entered into support agreements to vote in favor of the acquisition. The board also received a fairness opinion from RBC Capital Markets, affirming that the offer is fair from a financial standpoint.

CEO Marshall Koval expressed confidence in the new ownership, noting, “The Lumina team is excited for the transition of the Cangrejos project to CMOC. We look forward to working with them and our stakeholders to ensure the project’s success.” His optimism reflects not just a major milestone for Lumina but also growing global confidence in strategic resource development.

The transaction still requires regulatory approvals, court sanctioning, and support from two-thirds of Lumina’s shareholders and option/RSU holders at a special meeting. If completed as expected in Q3 2025, Lumina will be delisted from the TSXV and will cease to be a reporting issuer under Canadian securities laws.

For the broader market — especially small-cap mining investors — the deal signals a strong vote of confidence in the long-term value of precious metals. As geopolitical tensions and economic uncertainty drive interest in hard assets, acquisitions like this could draw renewed attention to junior miners with quality assets and strong development pipelines. With the Russell Reconstitution on the horizon, such transactions could also influence index inclusion for mining-focused small caps, giving them greater visibility and institutional exposure.

In the current environment, CMOC’s acquisition of Lumina is more than just a business deal — it’s a strategic alignment that underscores the future of gold exploration and the global appetite for untapped mineral wealth.

Aurania Resources (AUIAF) – First Tranche of Private Placement Financing Closed

Posted on by slightbourne@noblecapitalmarkets.com


Monday, April 21, 2025

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Private placement financing. Aurania Resources Ltd. closed the first tranche of its previously announced non-brokered private placement financing of up to 5,000,000 units at a price of C$0.30 per unit for gross proceeds of up to C$1,500,000. An aggregate of 3,182,899 units were sold under the first tranche for gross proceeds of C$954,869.70. Dr. Keith Barron, CEO and a director, acquired 1,000,000 units under the offering and owns or exercises control over 47,672,635 common shares, 1,752,992 options, and 12,399,135 warrants representing 44.41% and 50.88% of the company’s issued and outstanding common shares on a non-diluted and partially diluted basis, respectively.

Terms of the offering. Each unit is composed of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of C$0.55 for a period of 24 months following the closing of the first tranche. To accommodate demand, Aurania may increase the size of the offering by up to 25% and expects to close the remaining tranche(s) on or around April 24.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Comstock Inc. (LODE) – Strategic Partnership with RWE Clean Energy

Posted on by cpereira@noblefcm.com


Thursday, April 17, 2025

Comstock (NYSE: LODE) innovates technologies that contribute to global decarbonization and circularity by efficiently converting under-utilized natural resources into renewable fuels and electrification products that contribute to balancing global uses and emissions of carbon. The Company intends to achieve exponential growth and extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, by selling an array of complimentary process solutions and related services, and by licensing selected technologies to qualified strategic partners. To learn more, please visit www.comstock.inc.

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Hans Baldau, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Partnership with RWE. Comstock Metals entered into a Master Services Agreement with RWE Clean Energy, the U.S. subsidiary of RWE, which operates a renewable energy portfolio of approximately 10 gigawatts. It is the third largest owner and operator of onshore wind, solar, and battery storage in the United States. Comstock Metals will provide RWE with recycling, decommissioning, and logistics services for their U.S. solar installations to ensure a zero-landfill solution for 100% of the recovered solar panel materials.

Industry-scale facility. Comstock Metals has operated a demonstration-scale solar panel recycling facility since 2024. The company generates revenue through service fees for decommissioning, tipping fees for receiving and processing end-of-life solar panels, and offtake sales of high-value recycled materials, including aluminum, copper, glass, and concentrated precious metals. Comstock expects to spend $6 million to build its first large-scale facility in 2025. The project will be commissioned in 2026 and will scale in two phases, with initial capacity of up to 50,000 tons annually by 2026, and then to 100,000 tons annually.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

Gold Hits Record Highs, Becomes Wall Street’s Hottest Trade in 2025

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gold has overtaken the “Magnificent Seven” tech stocks as the most crowded trade on Wall Street.
– Gold futures have hit a record $3,334 per ounce, rising over 27% year to date.
– Shifting sentiment may benefit small-cap gold miners as capital rotates into safe-haven assets.

Gold is having its moment. In a year marked by volatility, uncertainty, and waning confidence in traditional tech plays, the precious metal has surged to all-time highs, overtaking the once-dominant “Magnificent Seven” tech stocks as Wall Street’s most crowded trade.

Gold futures (GC=F) soared to a new record of $3,334 per ounce this week, pushing year-to-date gains past 27%. This run-up is more than just a short-term spike — it marks a dramatic shift in sentiment from the high-growth, high-risk appetite that dominated the last bull cycle to a focus on stability, safety, and long-term value preservation. According to the latest Bank of America fund managers survey, nearly half (49%) of respondents identified “long gold” as the most crowded trade right now — the first time in two years that gold, not tech, has held that title.

Compare that with the once-revered Magnificent Seven — Apple, Microsoft, Alphabet, Amazon, Meta, Tesla, and Nvidia — which have seen steep drawdowns in 2025. Tesla leads the slump with a 38% drop, while Apple and Nvidia have both tumbled 21%. Regulatory headwinds, rising costs, and tariff uncertainty have weighed on investor sentiment across the sector, leaving room for gold to steal the spotlight.

The reasons behind gold’s surge are multifaceted. First, central bank demand remains at record levels, with nations diversifying away from dollar-denominated assets. Second, inflows into gold-backed ETFs have risen as both institutional and retail investors look for shelter amid geopolitical instability and a weakening US dollar. The backdrop of rising trade tensions — particularly the escalating tariff battle between the US and China — has further fueled safe-haven demand.

More than just a hedge against inflation, gold is now seen as a vote of no confidence in the current trajectory of US economic policy. The Bank of America survey found that 73% of fund managers believe “US exceptionalism” has peaked — a notable shift that helps explain the flow of capital out of American equities and into alternative stores of value like gold.

While retail investors often focus on the headline gold price, it’s worth noting the broader implications for capital markets — including small and micro-cap stocks. With capital rotating out of mega-cap tech and into inflation-resistant assets, small-cap gold miners and exploration companies could stand to benefit. These stocks, often overlooked in favor of more liquid plays, may now see increased institutional attention as gold continues to climb.

Investor sentiment is clearly shifting. Wall Street analysts have begun raising their price targets for gold, and some 42% of fund managers now say it will be the best-performing asset of 2025 — up from just 23% last month. As confidence in traditional market leaders continues to erode, gold’s appeal looks less like a trade and more like a trend.

Release – Comstock Metals and RWE Enter Strategic Solar Recycling Partnership

Posted on by aweinsoff@channelchek.com

Research News and Market Data on LODE

Virginia City, Nevada, April 16, 2025 – Comstock Inc. (NYSE American: LODE) announced today that its subsidiary, Comstock Metals LLC (“Comstock Metals”), a pioneer in sustainable, zero-landfill solar panel recycling has entered into a Master Services Agreement (MSA) with RWE Clean Energy, the U.S. subsidiary of leading global energy company, RWE.

Comstock Metals will provide RWE with recycling, decommissioning, and logistics services for their expansive U.S. solar installations ensuring a zero-landfill solution for 100% of the recovered solar panel materials.

Under the terms of this new agreement, Comstock Metals will serve as a preferred, strategic partner for the recycling, disposal, and decommissioning services for RWE’s solar installations. These projects will include the recycling of solar panels and related equipment, logistics management, eco-friendly disposal practices, and the safe transportation of materials. “This partnership underscores our shared commitment to sustainability and innovation,” stated Dr. Fortunato Villamagna, President of Comstock Metals. “RWE has consistently showcased exceptional commitment to their mission of providing renewable energy solutions by leading the adoption of solar energy and reducing carbon emissions. Comstock Metals complements RWE’s efforts as a trusted provider in the renewable energy market, ensuring environmentally conscious recycling of the solar panels and their components.”

This agreement represents a continuation and expansion of the successful collaboration between the dedicated teams of Comstock Metals and RWE on multiple projects throughout Nevada and California. Comstock Metals has already successfully coordinated the decommissioning, transportation, and recycling of more than 4 million pounds of end-of-life solar materials for RWE, with much more anticipated as demand for responsible recycling grows.

“Comstock Metals continues to systemically identify and close critical gaps in the nascent solar panel recycling sector, creating new capabilities and long-term service opportunities for both the company and the entire supply chain,” said Comstock Inc.’s Executive Chairman and CEO, Corrado De Gasperis. “With these rapidly expanding industry partnerships, we are creating unique, sustainable, and full-service solutions for the world’s most renowned renewable energy companies.”

About RWE in the U.S.

Through its subsidiary RWE Clean Energy, RWE is the third largest renewable energy company in the United States, with a presence in most U.S. states from coast to coast. RWE’s team of about 2,000 employees in the U.S. stands ready to help meet the nation’s growing energy needs. With its homegrown and fastest-to-market product, RWE supports the goal of American Energy dominance and independence. To that end, RWE Clean Energy is committed to increasing its already strong asset base of over 10 gigawatts of operating wind, solar and battery projects, focusing on providing high-quality jobs. RWE invests in local and rural communities while strengthening domestic manufacturing supporting the renaissance of American industry. This is complemented by RWE’s energy trading business. RWE is also a major offtaker of American liquified natural gas (LNG). To learn more, please visit RWE Clean Energy website.

As an energy company with a successful history spanning more than 125 years, RWE has an extensive knowledge of the energy markets and an excellent expertise in all major power generation and storage technologies, from nuclear, coal and gas to hydro, batteries, wind and solar.

About Comstock Metals

Comstock Metals is a leading, Nevada-based, zero-landfill recycling solution that specializes in the environmentally responsible recycling of solar panels and related renewable energy infrastructure and equipment. Comstock’s unique thermal delaminating processes, ongoing material innovations, and sustainable practices differentiates its recycling leadership and strengthens the supply chain of domestically manufactured electrification products. www.comstockmetals.com

About Comstock Inc.

Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that are deployable across entire industries to contribute to energy abundance by efficiently extracting and converting under-utilized natural resources, such as waste and other forms of woody biomass into renewable fuels, and end-of-life electronics into recovered electrification metals. Comstock’s innovations group is also developing and using artificial intelligence technologies for advanced materials development and mineral discovery for sustainable mining. To learn more, please visit www.comstock.inc.

Comstock Social Media Policy

Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Contacts

For investor inquiries:
William McCarthy, Chief Operating Officer
Tel (775) 413-6222
ir@comstockinc.com

For media inquiries:
Tracy Saville, Director of Marketing
Tel (775) 847-7573
media@comstockinc.com

Forward-Looking Statements 

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future explorations or acquisitions; future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; business opportunities, growth rates, future working capital, needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.

Release – Alliance Resource Partners, L.P. Announces Jesse M. Parrish Will Serve as Senior Vice President of Alliance Coal, LLC

Posted on by aweinsoff@channelchek.com

Research News and Market Data on ARLP

Apr 14, 2025 3:36 PM Eastern Daylight Time

TULSA, Okla.–(BUSINESS WIRE)–Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announces that Jesse M. Parrish will join Alliance Coal, LLC (“Alliance Coal”) as its Senior Vice President – Operations where he will be responsible for assisting with the management of our coal operations. Mr. Parrish previously served as Chief Executive Officer of Blackhawk Mining, LLC (“Blackhawk”), which produces metallurgical coal at eight mining complexes across southern West Virginia and eastern Kentucky and employs approximately 2,000 people.

“I am pleased to welcome Jesse to ARLP,” said Joseph W. Craft III, Chairman, President and Chief Executive Officer. “Jesse’s strong leadership skills, experience and expertise in the coal industry will be a valuable addition to the Alliance Coal management team as we continue to provide our customers with reliable baseload fuel to meet the significant growth in U.S. electricity demand from data centers and on-shoring of manufacturing. I look forward to working closely with him to deliver attractive returns to our unitholders.”

Prior to serving as Chief Executive Officer, Mr. Parrish held various other positions over his long career at Blackhawk, including President, Chief Financial Officer, Vice President and Director of Strategic Planning and Corporate Communications at Blackhawk. Prior to joining Blackhawk, Jesse practiced law at Bingham Greenebaum Doll LLP, where he focused on coal-related financings, mergers and acquisitions, and environmental matters. Mr. Parrish is a graduate of the University of Kentucky with a Bachelor of Business Administration in Finance and a Juris Doctor. Parrish has previously served as the chairman for the West Virginia Coal Association and the Kentucky Coal Association and is a trustee for the Energy and Mineral Law Foundation.

About Alliance Resource Partners, L.P.

ARLP is a diversified energy company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy and related infrastructure.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at investorrelations@arlp.com.

Contacts

Investor Relations Contact
Cary P. Marshall
Senior Vice President and Chief Financial Officer
(918) 295-7673
investorrelations@arlp.com

Release – Alliance Resource Partners, L.P. Announces First Quarter 2025 Earnings Conference Call

Posted on by aweinsoff@channelchek.com

Research News and Market Data on ARLP

April 14, 2025

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TULSA, Okla.–(BUSINESS WIRE)– Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2025 financial results before the market opens on Monday, April 28, 2025. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

To participate in the conference call, dial U.S. Toll Free (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the “Investors” section of ARLP’s website at www.arlp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13753170.

About Alliance Resource Partners, L.P.

ARLP is a diversified energy company that is currently the second largest coal producer in the eastern United States, supplying reliable, affordable energy domestically and internationally to major utilities, metallurgical and industrial users. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as a reliable energy partner for the future by pursuing opportunities that support the growth and development of energy and related infrastructure.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission (“SEC”), are available at www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7673 or via e-mail at investorrelations@arlp.com.

Investor Relations Contact
Cary P. Marshall
Senior Vice President and Chief Financial Officer
(918) 295-7673
investorrelations@arlp.com

Source: Alliance Resource Partners, L.P.

Gasoline Prices Poised to Fall as Oil Slips Below $60 Amid Tariff Turmoil

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Gasoline prices are expected to fall by at least $0.15 per gallon in the coming weeks as crude oil remains near $60 per barrel.
– Crude prices have dropped over $10 per barrel since early April amid U.S.-China trade tensions and OPEC+ production hikes.
– Lower fuel costs are contributing to a broader cooling in inflation, with gasoline prices down nearly 10% year-over-year.

Gasoline prices across the U.S. are expected to decline in the coming weeks as oil prices continue to retreat following mounting trade tensions between the United States and China. With West Texas Intermediate (WTI) crude now hovering near $60 per barrel and Brent just above $63, the pressure on oil markets appears to be translating directly into relief at the pump.

As of Friday, the national average gas price stood at $3.21 per gallon, according to AAA, down $0.05 from the previous week. While that remains $0.13 higher than a month ago due to seasonal refinery maintenance and the transition to summer gasoline blends, it is nearly $0.42 lower than prices this time last year. Analysts expect the trend to continue downward, barring any significant supply disruptions or geopolitical shocks.

Energy experts suggest the market’s sharp correction stems largely from fears that the intensifying U.S.-China trade standoff will curb global demand for crude. After President Trump’s surprise tariff announcement on April 2, oil prices plummeted more than $10 per barrel, erasing weeks of gains. A brief rebound following Trump’s 90-day pause on tariffs for most nations was short-lived, as the administration simultaneously increased duties on Chinese goods to a staggering 145%. Traders worry this escalation with China—the world’s largest importer of crude—could drag global consumption lower.

Adding to the bearish sentiment is the decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to raise production starting in May. The planned increase in output came sooner and more aggressively than markets had anticipated, further fueling concerns about oversupply in a slowing global economy.

According to Andy Lipow of Lipow Oil Associates, Americans could see gas prices fall by an additional $0.15 per gallon within the next two weeks, with further declines possible if crude prices remain subdued. His forecast echoes broader market sentiment that gasoline may even dip below the $3 mark, a level not seen consistently since early 2023.

Patrick De Haan, head of petroleum analysis at GasBuddy, noted that this year’s sharp divergence from typical seasonal trends has upended market expectations. While summer generally brings higher gas prices due to increased travel and more expensive fuel blends, the current geopolitical and macroeconomic environment has weakened those pressures. “We’ve never seen the status quo shift so significantly like this, and oil prices aren’t liking what’s going on,” he said.

The fall in fuel prices has also played a role in tempering inflation. Thursday’s Consumer Price Index report for March showed a 9.8% year-over-year drop in the gasoline index, helping to pull the broader energy index down by 3.3%. With inflation easing and gas prices declining, consumers could benefit from improved purchasing power, at least in the short term.

Still, much remains uncertain. The oil market continues to be at the mercy of political maneuvering and trade negotiations, with volatility likely to persist. For now, though, drivers can expect a bit of a break as the effects of falling oil prices filter through to gas stations nationwide.

Take a moment to take a look at more basic industries emerging growth companies by taking a look at Noble Capital Markets’ Research Analyst Mark Reichman’s coverage list.

Alliance Resource Partners (ARLP) – A Strong U.S. Economy Relies on Abundant, Affordable and Reliable Energy Sources

Posted on by cpereira@noblefcm.com


Wednesday, April 09, 2025

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basins. ARLP currently produces coal from seven mining complexes its subsidiaries operate in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast growing energy and infrastructure transition.

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Biden-era policies disadvantaged coal-fired power plants. In May 2024, the Environmental Protection Agency published a final rule that amended the Mercury and Air Toxics Standards (MATS) rule to make it more stringent. The rule placed severe burdens on coal-fired power plants and required compliance with standards premised on the application of costly emissions-control technologies that, for many coal plants, were not commercially viable. The new carbon emission rules were expected to accelerate coal-fired power plant retirements.

Taking a pragmatic and realistic approach. On April 8, President Trump took actions through proclamation and executive order to, 1) reinvigorate the U.S. coal industry, 2) protect American energy from state overreach, 3) strengthen the reliability and security of the United States electric grid, and 4) provide two years of relief from stringent Biden-era environmental regulations by allowing certain coal plants to comply with a less stringent version of the MATS rule. Moreover, the actions are intended to reduce regulatory burdens and promote coal exports.


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Wesdome Gold Mines to Acquire Angus Gold in $40 Million Deal, Expanding Eagle River Footprint

Posted on by slightbourne@noblecapitalmarkets.com
Key Points:
– Wesdome expands Eagle River land package from 100 km² to 400 km², unifying exploration potential across multiple zones.
– Offer values Angus shares at a 59% premium with a significant cash component and equity in Wesdome.
– Wesdome plans to advance Angus’ exploration momentum with its resources, infrastructure, and capital strength.

Wesdome Gold Mines Ltd. has announced the acquisition of Angus Gold Inc. in a $40 million deal that significantly expands its land position surrounding the Eagle River mine in Northern Ontario. The transaction, structured as a court-approved plan of arrangement, will see Wesdome acquire all of the issued and outstanding shares of Angus that it does not already own, offering shareholders a combination of cash and Wesdome shares. The offer values Angus at $0.77 per share—comprised of $0.62 in cash and 0.0096 of a Wesdome common share—representing a 59% premium to Angus’ 20-day volume-weighted average price as of April 4, 2025.

The acquisition will consolidate Wesdome’s Eagle River property with Angus’ Golden Sky project, creating a contiguous 400 square kilometre land package in the Mishibishu Lake greenstone belt. Wesdome currently owns about 10.4% of Angus’ shares and 14.9% on a partially diluted basis, and has secured lock-up agreements from shareholders representing approximately 47% of Angus’ outstanding shares. This strategic move positions Wesdome to capitalize on the regional geology and existing infrastructure to unlock value from underexplored zones adjacent to its operating mine.

According to Wesdome CEO Anthea Bath, the acquisition is a “logical and strategic tuck-in” that supports the company’s regional growth strategy and long-term commitment to the Eagle River camp. She emphasized that the acquisition enhances Wesdome’s ability to unlock new discoveries through exploration and complements the company’s goal of optimizing mill capacity with feed from high-potential zones nearby. The move underscores Wesdome’s confidence in the long-term geological potential of the region and its desire to become a more dominant player in the Ontario and Québec gold sectors.

Angus has spent over $20 million on exploration at Golden Sky since 2020, completing more than 40,000 metres of drilling and identifying promising zones like the Eagle River Splay and Cameron Lake banded iron formation. These zones have already delivered high-grade intercepts, and Wesdome intends to focus exploration efforts there in 2025. With its robust balance sheet and existing infrastructure, Wesdome plans to accelerate exploration and development while leveraging stakeholder and Indigenous relationships in the area. The proximity to Wesdome’s existing mill and operational support is expected to reduce timelines and costs associated with bringing any new discoveries into production.

For Angus shareholders, the transaction delivers a compelling financial return and access to a more diversified and capitalized gold producer. In addition to the immediate cash component, shareholders will receive equity in Wesdome, offering continued exposure to the upside potential of the assets they helped advance. Angus CEO Breanne Beh called the deal a validation of her team’s work and a logical next step to realize the full value of the exploration investment made over the past five years.

The deal is subject to shareholder approval, court approval, regulatory clearances, and other customary closing conditions. A special meeting of Angus shareholders is expected to take place in June 2025, with the transaction expected to close in the second quarter. Legal advisors include Stikeman Elliott LLP for Wesdome, and Peterson McVicar LLP and Mason Law LLP for Angus and its Special Committee, respectively. Evans & Evans, Inc. provided a fairness opinion, concluding the offer is fair to Angus shareholders from a financial standpoint.

Oil Prices Plunge 7% as Trump Tariffs and OPEC+ Supply Hike Shake Global Markets

Posted on by slightbourne@noblecapitalmarkets.com

Oil prices took a dramatic hit on Thursday, tumbling over 7% as panic selling gripped financial markets. The sharp decline followed former President Donald Trump’s announcement of sweeping new tariffs and an unexpected supply increase from OPEC+, both of which fueled uncertainty about global demand and market stability.

By mid-morning, West Texas Intermediate (WTI) crude oil (CL=F), the U.S. benchmark, had fallen 7.5% to around $66.10 per barrel, while Brent crude (BZ=F), the global benchmark, dropped below $70 per barrel. This marked one of the largest single-day declines in recent months and signaled a potential shift in market sentiment.

The steep decline was largely driven by fear and uncertainty rather than immediate changes in supply and demand fundamentals, according to market analysts.

“Current discussions about an expected increase in oil production by the OPEC+ and uncertainties about the real impact of the recently announced tariffs are creating downward pressure on oil prices,” said Francisco Penafiel, managing director of investment banking at Noble Capital Markets. “We feel this volatility will continue at least in the near term, until we start measuring the effects from the tariffs and favorable oil market fundamentals prevail over fears of a global economic downturn affecting global demand.”

“The panic selling that’s occurring is very likely an over-exaggeration of the true fundamentals,” said Dennis Kissler, senior vice president for trading at BOK Financial Securities. “Near term, however, there’s a lot of unknowns, so you’re seeing a lot of funds unwind positions.”

Investors had been bullish on oil prices in recent weeks, expecting geopolitical tensions and supply constraints to keep the market tight. However, the combination of Trump’s aggressive trade policies and OPEC+’s decision to boost production has introduced fresh concerns about oversupply and weaker global demand.

Adding to the selloff, the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, announced they would increase oil production by 411,000 barrels per day starting in May.

While markets had anticipated some additional supply, the move was larger than expected, deepening losses in crude prices.

With global supply now expected to rise and demand potentially slowing due to economic uncertainty, traders are recalibrating their outlooks for oil prices heading into the second half of 2025.

Trump’s new tariff policies have raised concerns about the broader impact on economic growth. While energy imports were not specifically targeted in the latest round of tariffs, the indirect effects could be significant.

China, the world’s largest crude importer, now faces a 54% tariff on U.S. goods. If the Chinese economy slows as a result, its demand for oil could weaken, further pressuring global crude markets.

Before Thursday’s selloff, oil prices had been rising due to Trump’s pressure on Iran, Venezuela, and Russia to curb their oil exports. This rally had already driven U.S. gas prices to their highest levels since September, with the national average nearing $3.25 per gallon.

With oil prices now plunging, the outlook remains uncertain. If crude prices continue to fall, gas prices could stabilize or even decline. However, if global trade tensions persist and economic growth slows, oil demand could remain under pressure in the months ahead.

For now, investors are bracing for more volatility as geopolitical risks and market uncertainty take center stage.