Category: Natural Resources

U.S. and Australia Seal $8.5B Critical Minerals Deal

Posted on by slightbourne@noblecapitalmarkets.com

In a move with broad implications for the future of global supply chains and the defence technology sector, President Donald Trump and Australian Prime Minister Anthony Albanese have signed a new agreement on critical minerals. This collaboration was unveiled at the White House on October 20, 2025, and establishes a formal partnership with a project pipeline that could reach $8.5 billion.​

Though the White House described the agreement as a framework, officials in both countries confirmed immediate capital is forthcoming for key initiatives. Over the next six months alone, the agreement will facilitate joint investments of more than $3 billion, with Australia and the U.S. directly contributing at least $1 billion in the near term. Much of this funding will be deployed into advanced processing and mining projects focused on rare earths and other critical minerals essential for high-tech manufacturing and defence, including electric vehicles, robotics, and semiconductors.​

The U.S. Export-Import Bank is prepared to offer at least $2.2 billion in letters of interest for project loans, which could unlock up to $5 billion in further investment. Alcoa and other major industrial players are already involved, with a particular emphasis on new rare earths separation facilities and a gallium refinery in Western Australia. The Pentagon is backing the gallium project, targeting a refinery output of 100 metric tons annually, a move that will significantly enhance non-Chinese supply for this vital semiconductor and electronics material.​

This agreement comes as the global race to secure critical minerals intensifies. China continues to dominate rare earth processing and recently implemented strict export controls, escalating trade tensions with the U.S. and its allies. The new U.S.–Australia framework marks a decisive shift away from Chinese supply chain dependence and signals a new era of industrial cooperation between Western allies.

The market outlook is robust: rare earths and related minerals are used in everything from precision-guided missile systems to wind turbines and next-generation batteries. With rising geopolitical risk and acute supply chain vulnerabilities exposed, government-backed efforts like this one are set to redefine project financing and resource development models. The pipeline also includes a three-country venture involving the U.S., Australia, and Japan, integrating expertise and industrial capacity across the Pacific.​

From the investor’s perspective, the partnership is about more than near-term capital flows. It reflects a “friend-shoring” philosophy, rerouting core inputs for modern industrial economies through trusted democratic partners. This is expected to benefit not only major participants like Alcoa but also small and micro-cap mining companies able to secure public or strategic backing for projects in Australia and allied regions. With the right execution, these upstream investments could set the stage for renewed growth and improved supply security throughout the clean energy and technology sectors

Release – Century Lithium Produces Lithium Hydroxide at Demonstration Plant in Nevada

Posted on by aweinsoff@channelchek.com

Research News and Market Data on CYDVF

October 20, 2025 – Vancouver, Canada – Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (“Century Lithium” or “the Company”) is pleased to announce that the Company’s Lithium Extraction Facility (“Demonstration Plant”) in Amargosa Valley, Nevada, USA, has produced for its first time lithium hydroxide from lithium carbonate derived from the Company’s 100%-owned Angel Island lithium project, located near Silver Peak, Nevada.

“The lithium hydroxide samples produced by our team represent another important milestone for the Company,” said Bill Willoughby, President and CEO of Century Lithium. “Up until this point, Century’s efforts have focused on making lithium carbonate as the end product for Angel Island. By producing high-purity lithium hydroxide, we show that Angel Island can supply another major lithium product for the domestic market.”

The lithium hydroxide samples were produced from lithium carbonate derived from Angel Island’s lithium claystone deposit and treated at the Demonstration Plant using Century Lithium’s patent-pending alkaline leach and Direct Lithium Extraction (“DLE”) process. The lithium hydroxide samples were produced on-site in a batch process using conventional liming conversion with calcium hydroxide to make high-purity, +99.5% lithium hydroxide.

The Company is also pursuing a direct lithium conversion (“DLC”) process to produce lithium hydroxide directly from lithium chloride solution. Such a process would thereby bypass lithium carbonate as an intermediate stage, simplify operations, and reduce energy consumption and operating costs.

With the demand for mobile and stationary energy storage growing, Century Lithium’s project at Angel Island is strategically positioned as the United States seeks a reliable domestic source of critical materials. Lithium carbonate is an essential component for LFP batteries, while lithium hydroxide is needed for high-energy-density NMC/NCA batteries. By demonstrating the potential to produce both, Angel Island stands out as a potential key contributor to American energy independence and a resilient battery supply chain.

Qualified Person

Todd Fayram, MMSA-QP and Senior Vice President, Metallurgy of Century Lithium is the qualified person as defined by National Instrument 43-101 and has approved the technical information in this release.

ABOUT CENTURY LITHIUM CORP.

Century Lithium Corp. is an advanced-stage lithium company, focused on developing its 100%-owned lithium project Angel Island in Esmeralda County, Nevada, which hosts one of the largest sedimentary lithium deposits in the United States. The Company has utilized its patent-pending process for chloride leaching combined with direct lithium extraction to make battery-grade lithium carbonate product samples from Angel Island’s lithium-bearing claystone at its Demonstration Plant in Amargosa Valley, Nevada.

Angel Island is one of the few advanced lithium projects in development in the United States to provide an end-to-end process to produce battery-grade lithium carbonate for the growing electric vehicle and battery storage market. Angel Island is currently in the permitting stage for a three-phase feasibility-level production plan, expected to yield an estimated life-of-mine average of 34,000 tonnes per year of lithium carbonate over a 40-year mine-life.

Century Lithium trades on both the TSX Venture Exchange under the symbol “LCE” and the OTCQX under the symbol “CYDVF”, and on the Frankfurt Stock Exchange under the symbol “C1Z”.

To learn more, please visit centurylithium.com.

ON BEHALF OF CENTURY LITHIUM CORP.

WILLIAM WILLOUGHBY, PhD., PE
President & Chief Executive Officer

For further information, please contact:
Spiros Cacos | Vice President, Investor Relations
Direct: +1 604 764 1851
Toll Free: 1 800 567 8181
scacos@centurylithium.com
centurylithium.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-Looking Statements

This release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” and similar expressions suggesting future outcomes or statements regarding an outlook.

Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statements with respect to the potential development and value of the Project and benefits associated therewith, statements with respect to the expected project economics for the Project, such as estimates of life of mine, lithium prices, production and recoveries, capital and operating costs, IRR, NPV and cash flows, any projections outlined in the Feasibility Study in respect of the Project, the permitting status of the Project and the Company’s future development plans.

These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. These risks include those described under the heading “Risk Factors” in the Company’s most recent annual information form and its other public filings, copies of which can be under the Company’s profile at www.sedarplus.com. The Company expressly disclaims any obligation to update forward-looking information except as required by applicable law. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place reliance on forward-looking statements or information. Furthermore, Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Nicola Mining Inc. (HUSIF) – Hitting All the Right Notes

Posted on by cpatches


Thursday, October 16, 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.

Treasure Mountain exploration. Nicola Mining Inc. (OTCQB: HUSIF, TSXV: NIM) provided an update on its plan for 2026 exploration drilling at the Treasure Mountain Silver Project. The area of exploration interest is northwest of the currently suspended mine and consists of several northeast to southwest trending and steeply dipping sulphide-rich veins. Results from previous exploration work confirmed the presence of vein-hosted silver, copper, lead, zinc, and gold, providing support for initial diamond drilling to establish the width of the trend and mineralization at depth.

Recent gold sales. Talisker Resources (OTCQB: TSKFF, TSX: TSK) has an agreement to process run-of-mine material from its Mustang Mine at Nicola’s Merritt Mill. For the quarter ending on September 30, a total of 1,569 ounces of gold were produced from Talisker’s Mustang Mine. Nicola receives a share of the gross profit from milling ore sourced from Talisker Resources Ltd. Blue Lagoon Resources Inc. (OTCQB: BLAGF, CSE: BLLG) recently announced an amended mining and milling partnership agreement with Nicola Mining, extending the partnership to a 10-year term. The agreement secures a long-term processing solution for mineralized material from Blue Lagoon’s high-grade Dome Mountain Gold Project.


Get the Full Report

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.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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 (LODE) – Strategic Acquisition Expands Nevada Mining Footprint

Posted on by cpatches


Thursday, October 16, 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, Associate Analyst, Noble Capital Markets, Inc.

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

Acquisition of Haywood Quarry. Comstock completed the acquisition of the Haywood Quarry industrial and mineral properties from Decommissioning Services LLC. The 190-acre property, located in Lyon County, Nevada, includes available power, water, and direct access to U.S. Highway 50. The site historically hosted gold mining and aggregate operations and is strategically contiguous to Comstock’s flagship Dayton gold and silver resource.

Transaction terms. Comstock acquired the property for a total of $2.2 million in cash and stock from Decommissioning Services LLC. The transaction provides Comstock with full ownership and control of the Haywood industrial and mineral properties, integrating them into its broader Lyon County mineral estate. The purchase also enhances Comstock’s strategic flexibility in advancing mine planning, resource development, and reclamation initiatives at the Dayton complex.


Get the Full Report

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.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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. 

Alliance Resource Partners (ARLP) – Highlights from the Noble Emerging Growth Virtual Conference

Posted on by cpatches


Thursday, October 16, 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.

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

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

Noble virtual conference. Alliance recently participated in Noble Capital Markets’ Emerging Growth Virtual Conference. The fundamental outlook for ARLP’s coal operations and oil and gas royalty business, the two largest drivers of cash flow, remains favorable. The coal and electric power generation industries are expected to benefit from Trump Administration policies that seek to assure affordable, reliable, and secure energy sources to meet growing demand for electricity. Through 2Q 2025, Alliance has invested $758 million in its oil and gas royalty business that has generated cumulative segment adjusted EBITDA of $622 million. While they have grown the oil and gas royalty business without the use of leverage, they do have the ability to employ leverage for larger acquisitions. A link to the presentation is here.

Capital allocation. Management takes a long-term view when making capital allocation decisions, with balance sheet strength being the highest priority. The next priority is investing in its coal business to ensure it remains an efficient and low-cost producer. The third priority is reinvesting the cash flow generated by the oil and gas business to make accretive acquisitions. Lastly, the company intends to return capital to shareholders, including attractive cash distribution payments, while ensuring flexibility to fund growth opportunities.


Get the Full Report

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.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*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. 

Release – Comstock Completes Acquisition of Haywood Quarry

Posted on by aweinsoff@channelchek.com

Research News and Market Data on LODE

VIRGINIA CITY, NEVADA, October 15, 2025 — Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced that it has completed its purchase of the Haywood quarry industrial and mineral properties from Decommissioning Services LLC for a total of $2.2 million in cash and stock. The Haywood property totals approximately 190 acres in Lyon County, Nevada, and has available power, water, and easy access to US 50. These properties historically hosted gold mining and processing operations, and more recently, aggregate mining and are strategically located and contiguous to the Company’s Lyon County mineral properties, including our now flagship Dayton gold and silver resource.

“This is a very important addition to our mineral portfolio,” stated Mr. Corrado De Gasperis, Comstock’s Executive Chairman and CEO, “as it could conveniently host activities to support the mining at Dayton, and then provide post-mining industrial property in one of the largest industrial parks in Lyon County.”

The Comstock Lode was discovered in 1859. From 1860 to 1960, the district yielded more than eight million ounces of gold and 192 million ounces of silver, from workings greater than 3,000 feet below the surface. We have consolidated the most significant portions of the historic Comstock Lode mining district, conducted surface and airborne geophysical studies, drilled extensively, and developed detailed numerical models of the mineralization. We have secured permits, built an infrastructure, and completed two phases of test production. The Haywood Quarry is a strategic addition that enhances the efficacy of our Lyon County position.

Because of the Comstock Lode’s historical significance, the geology is well known and has been extensively studied. We have expanded our understanding of the geology through vigorous surface mapping and drill hole logging. The volume of geologic data is significant, particularly in the Lucerne and Dayton resource areas. We have accumulated a large library of historical data and detailed surface mapping of Comstock Mineral Estate properties and continue to obtain historical information from public and private sources. We have integrated this data with information obtained from our mining operations to target prospective geological exploration areas and plan exploratory drilling programs, including expanded surface and underground drilling.

The Company completed extensive geological mapping and drilling on a limited portion of our properties, particularly the Lucerne and Dayton resource areas, and characterized the mineralized material. We have performed metallurgical testing, mine planning and economic analysis while conducting extensive test mining operations, most recently from 2012 through 2016. The Company published an independent, third-party, S-K 1300 Technical Report Summary for our flagship Dayton gold and silver resources in November 2022. 

The Company’s 2025 efforts include applying economic analysis to our existing gold and silver resources progressing toward preliminary economic feasibility for the southern part of the district, that is the broader Dayton resource complex, and the ultimate development of full mine and reclamation plans and the development of post productive land and community development plans. 

About Comstock Inc.

Comstock Inc. (NYSE: LODE) innovates and commercializes technologies, systems and supply chains that enable, support and sustain clean energy systems by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable metals, like silver, aluminum, gold, and other critical minerals, primarily from end-of-life photovoltaics. 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:
Judd B. Merrill, Chief Financial Officer
Tel (775) 413-6222
ir@comstockinc.com

For media inquiries:
Zach Spencer, Director of External Relations
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; divestitures, spin-offs or similar distribution transactions, 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, divestitures, spin-offs or similar distribution transactions, 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, spin-offs or similar distribution transactions, 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 – Nicola Mining Announces Plan for 2026 Drilling Exploration at Treasure Mountain Silver Project

Posted on by aweinsoff@channelchek.com

Research News and Market Data on HUSIF

October 15, 2025 9:00 AM EDT | Source: Nicola Mining Inc.

Vancouver, British Columbia–(Newsfile Corp. – October 15, 2025) – Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the “Company” or “Nicola“) is pleased to provide an update on preparation work conducted during 2025 on the Treasure Mountain Silver Project (“Treasure Mountain“) and its plan for 2026 exploration drilling program (“2026 TM Program“). The 2026 TM Program is the culmination of an airborne magnetic geophysical survey (conducted by Scott Hogg & Associates Ltd. in 2012), extensive soil sampling programs over multiple years, and 2025 field reconnaissance. Treasure Mountain is a permitted silver mine located 30 km northeast of Hope and about a 3-hour drive from Vancouver, British Columbia. Treasure Mountain was an operating mine but was put into care and maintenance in 2013[1], due to depressed silver prices and has always been a core asset to Nicola, which has been strategically waiting for higher silver prices.

As previously announced in the Company’s June 9, 2025 news release, Nicola received a multi-year area-based exploration permit (the “MYAB Permit“), allowing the Company to conduct diamond drilling and trenching at Treasure Mountain. In addition to receipt of MYAB Permit, the Company received a ten year mine lease extension (through April 26, 2032; announced on August 30, 2024), further bolstering the attractiveness of re-opening Treasure Mountain.

The area of exploration interest is northwest of the currently suspended mine (Fig. 1) and consists of several northeast-southwest trending and steeply dipping sulphide-rich veins (Fig. 2). Photos exhibited in Figure 2 are associated with 2025 field reconnaissance focused on establishing the 2026 TM Program drill targets.



Figure 1. Geological map of Treasure Mountain showing trend of mineralized veins northeast of the mine. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/270388_de6ad025542159aa_001full.jpg

Initial interest in this area was driven by Coeur Mining’s (“Coeur“)[2] (NYSE: CDE) (TSX: CDM) 2012 investment into the Company giving it a 12.7% ownership at time of investment. Coeur purchased shares at a price of $1.08 ($20.6 when considering subsequent rollbacks)[3].

Previous exploration work along this trend is limited to six percussion holes totaling 274m in 1994 and 14 “backpack drill” holes totaling 25m in 2020. Widespread soil sampling was also conducted in 2019 and 2020. Limited rock samples were collected in 2020 and 2021. The most recent exploration along this trend (sampling conducted by Nicola in 2021) is described in Assessment Report #39721 (available on ARIS[4]). Results from these programs are encouraging and demonstrate the presence of vein-hosted silver, copper, lead, zinc and gold. This provides support for initial diamond drilling to establish the width of the trend and mineralization at depth. Currently mineralization is present on surface and open in all directions.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4873/270388_de6ad025542159aa_002.jpg

Figure 2. 2025 Field Reconnaissance Photos: (a) and (b) 10-20 cm wide quartz-sulphide veins steeply dipping and trending northeast-southwest. Close-ups of quartz veins show (c) mainly sphalerite with pyrite and chalcopyrite and (d) pyrite, chalcopyrite and sphalerite.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/270388_de6ad025542159aa_002full.jpg 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4873/270388_f8d245b9a405d91e_001.jpg

Figure 3. 3D magnetic MVI inversion at 200m depth below topography.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/270388_f8d245b9a405d91e_001full.jpg

Peter Espig, Chief Executive Officer, commented, “Recently we have garnered accelerated interest from both investors and strategics that have become increasingly excited about Treasure Mountain. At Nicola, we have always been aware of its significant potential, as highlighted by Coeur’s investment in the Company at a time prior to Nicola securing ownership of New Craigmont Copper Project and commencing gold production and pre-investment in Dominion Gold Project. In addition to these other projects, for the past decade we have continued to review, maintain and explore Treasure Mountain, which is more than an exploration project but is a fully permitted mine that can be reopened. We continue to review all possibilities and are excited for the 2026 TM Program.”

Qualified Person

The scientific and technical disclosures included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration for the Company.

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the TSX.V Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

On behalf of the Board of Directors

“Peter Espig“

Peter Espig
CEO & Director

For additional information

Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
URL: www.nicolamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[1] Silver prices dropped below US$20 in 2013 and reached a low of US$13.80 in December of 2015. Link
[2] At the time of investment Coeur Mining was called Coeur d’Alene Mines Corporation
[3] July 17, 2014 (2 for 1), June 1, 2015, (5 for 1) and November 17, 2023 (2 for 1). The first 2 rollbacks were related to a successful CCAA process.
[4] British Columbia Geological Survey’s (BCGS) Assessment Report Indexing System

info

SOURCE: Nicola Mining Inc.

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

Posted on by aweinsoff@channelchek.com

Research News and Market Data on ARLP

October 13, 2025

TULSA, Okla.–(BUSINESS WIRE)– Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its third quarter 2025 financial results before the market opens on Monday, October 27, 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 13756408.

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

Source: Alliance Resource Partners, L.P.

Silver Breaks $50: Precious Metal Hits Four-Decade High as Investors Flock to Safe Havens

Posted on by slightbourne@noblecapitalmarkets.com

Silver has shattered a historic milestone, climbing past $50 per ounce for the first time since 1980 — marking one of the most significant rallies in the metals market in over forty years. The surge, up roughly 75% year-to-date, underscores a powerful combination of investor demand, industrial consumption, and persistent supply shortages.

While gold has dominated headlines with its record-breaking ascent above $4,000 per ounce, silver’s breakout is capturing equal attention. Often referred to as “gold’s more affordable cousin,” silver is benefiting from the same wave of safe-haven buying driven by global economic uncertainty, political instability, and weakening confidence in traditional fiat currencies.

This rally isn’t just about market sentiment. Silver’s unique dual identity — as both an investment asset and a critical industrial material — has amplified its momentum. The metal is an essential component in solar panels, electric vehicles, data centers, and smartphone manufacturing, making it a cornerstone of the modern green and tech economies.

“Silver’s industrial demand is skyrocketing, particularly with the ongoing boom in renewable energy and semiconductor expansion,” noted market strategists. “This growing utility, combined with investors seeking protection against inflation and currency risk, is creating a perfect storm for price growth.”

According to analysts, 2025 marks the fifth consecutive year of a structural supply deficit in the silver market. Sluggish mining output and limited new production are struggling to keep pace with global demand, further tightening supply. Many traders believe this imbalance could sustain elevated prices well into 2026.

Silver’s rally closely mirrors gold’s performance, but it’s also outpacing it in percentage terms. While gold has climbed around 51% this year, silver’s 75% surge and platinum’s 80% gain highlight the broad strength of the precious metals sector. The upward trend is being fueled by concerns about inflation, tariffs, central bank policy independence, and rising national debt levels.

At the institutional level, hedge funds and asset managers are rotating capital into tangible assets like precious metals and Bitcoin as a hedge against a weakening U.S. dollar. Exchange-traded funds (ETFs) tied to silver — particularly the iShares Silver Trust (SLV) — have seen record inflows not witnessed since 2020.

With demand surging and inventories thinning, analysts suggest silver may be entering a sustained breakout phase rather than a short-term spike. For retail and small-cap investors alike, the current rally presents both opportunity and volatility — hallmarks of a market on the move.

Gold Keeps Breaking Records as Global Demand Surges

Posted on by slightbourne@noblecapitalmarkets.com

Gold prices have shattered records yet again, surging past $4,000 per ounce for the first time in history as investors continue to flock to the safe-haven asset amid global uncertainty and expectations of deeper Federal Reserve rate cuts. The yellow metal’s meteoric rise marks one of the strongest rallies in decades, gaining more than 50% year-to-date — its best annual performance since 1979.

According to data from the World Gold Council, global gold-backed exchange-traded funds (ETFs) saw their largest quarterly inflows on record, with investors pouring in more than $26 billion during the third quarter of 2025. North American funds led the surge, followed by European and Asian markets, as geopolitical tensions, volatile currencies, and concerns over central bank policy fueled the rush into gold.

Analysts noted that a combination of economic uncertainty, political instability, and weakening confidence in traditional currencies has been fueling record levels of investment in gold. They suggested that even modest shifts of capital away from the bond market toward gold could be enough to push prices significantly higher.

Gold’s recent rally has been closely tied to growing speculation that the Federal Reserve will continue cutting interest rates to support the slowing economy. Lower rates reduce the opportunity cost of holding non-yielding assets like gold, making it more attractive to both institutional and retail investors.

Meanwhile, the US dollar has weakened, further boosting gold’s appeal. As the greenback loses strength, international buyers gain more purchasing power, often resulting in increased gold demand.

The gold market’s explosive momentum has also led to a surge in trading activity. Average daily trading volumes climbed 34% month over month, hitting all-time highs as prices broke new records 13 times in September alone.

Wall Street remains bullish. Goldman Sachs has reaffirmed gold as its “highest-conviction long recommendation,” forecasting that continued monetary easing and persistent global tensions could keep driving the metal upward.

Analysts predicts that gold could reach $4,500 by mid-2026, with a potential breakout toward $5,000 per ounce if capital continues to rotate out of government bonds and into precious metals.

As global markets navigate uncertainty — from geopolitical flashpoints to currency instability — gold’s appeal as a safe, tangible store of value remains as strong as ever. For now, the metal’s relentless climb shows no signs of slowing.

Critical Minerals Take Center Stage as U.S. Accelerates Domestic Mining Investments

Posted on by slightbourne@noblecapitalmarkets.com

Trilogy Metals’ stock has skyrocketed following news that the Trump administration has taken a 10% stake in the company and approved a long-debated access road to Alaska’s Ambler Mining District. The move marks a major step in the administration’s ongoing push to strengthen the U.S. supply chain for critical minerals and metals—resources essential to clean energy, defense, and technology production.

Shares of Trilogy Metals surged more than 200% after reports confirmed that the administration invested roughly $35.6 million for the initial stake, with options to expand its position further. The approval of the Ambler Access Project is equally significant, as it clears the way for road construction to one of Alaska’s most mineral-rich areas, known to contain large deposits of copper, cobalt, silver, and other valuable metals.

The Ambler project, previously blocked due to environmental and tribal concerns, now represents one of the most promising developments in North American mining infrastructure. The administration justified the decision on the basis of national interest, emphasizing the need for reliable access to domestic sources of critical materials. To address environmental worries, the plan reportedly includes measures to protect local wildlife and mitigate ecological disruption.

This latest investment is part of a broader strategy that has seen the administration take direct stakes in several companies tied to the U.S. mineral supply chain. Earlier this year, similar investments were made in Lithium Americas and MP Materials—both key players in lithium and rare earth mining. These moves, combined with support for projects like Arizona’s Resolution copper mine and semiconductor manufacturing expansion, highlight a coordinated effort to reduce U.S. dependence on foreign suppliers, particularly China.

The ripple effects of these initiatives extend beyond the headline companies. Smaller-cap mining and exploration firms, many of which struggle to secure funding or regulatory approval, could see renewed investor interest as confidence builds in the sector. The U.S. government’s involvement signals a stronger commitment to domestic resource development, which could make financing and partnerships easier to obtain for junior mining companies.

Moreover, rising demand for materials like copper, cobalt, and lithium—driven by the energy transition, electric vehicles, and AI data centers—continues to push commodity prices higher. Smaller players positioned near viable deposits may become acquisition targets or strategic partners for larger corporations aiming to secure supply lines. As institutional investors seek exposure to the metals space, many could turn to small- and mid-cap miners as leveraged opportunities for growth.

However, this surge in optimism also brings potential volatility. Commodity-dependent small caps are notoriously cyclical, and their valuations can swing sharply with policy shifts, environmental challenges, or fluctuations in global metal prices. Still, the overarching narrative remains favorable: a renewed national focus on critical mineral independence, supported by both public and private capital, may ignite a renaissance in the U.S. mining and metals sector.

In the wake of Trilogy Metals’ dramatic rally, market watchers are increasingly eyeing other under-the-radar resource companies that could benefit from this wave of strategic investment. If current trends persist, the metals sector—long overshadowed by tech and energy—could become one of the most dynamic areas for small-cap growth over the next several years.

Gold Miners Outshine AI Stocks in 2025 With 135% Rally, Drawing Small-Cap Investor Interest

Posted on by slightbourne@noblecapitalmarkets.com

Gold stocks have emerged as one of the most powerful performers in 2025, eclipsing the high-flying semiconductor sector and catching the attention of investors seeking value beyond artificial intelligence. While much of the market narrative this year has revolved around chipmakers riding the AI boom, gold miners have quietly delivered staggering gains — up more than 135% — and positioned themselves as an unexpected leader in global equities.

The rally has been fueled by multiple forces. Central banks have accelerated purchases of gold as part of a broader de-dollarization trend, while investors have sought safe-haven assets amid heightened economic uncertainty. Federal Reserve rate cuts and growing inflows into gold-backed exchange-traded funds have further supported the surge. As a result, gold itself has climbed more than 45% this year, setting new all-time highs and marking its strongest annual performance since 1979.

This has translated into significant upside for miners. Global heavyweights such as Newmont Corp. and Agnico Eagle Mines have seen their shares more than double, while Zijin Mining has surged over 130% in Hong Kong. In London, Fresnillo Plc has nearly quadrupled, becoming the standout performer in the FTSE 100. Yet, the momentum is not limited to large caps. Smaller mining companies — particularly those with scalable production capacity and strong cost control — are increasingly attractive to investors looking for opportunities that combine growth with relative undervaluation.

One of the striking differences between gold equities and semiconductor stocks lies in valuations. The MSCI Gold Miners Index currently trades at around 13 times forward earnings, slightly below its five-year average, suggesting the rally is backed by fundamentals. In contrast, the semiconductor index trades near 29 times earnings, well above its historical trend. For small-cap investors, this dynamic suggests gold miners may still offer more sustainable upside, especially as earnings growth outpaces share price appreciation.

Beyond valuations, sector fundamentals point to further resilience. Elevated margins, robust cash flows, and disciplined capital management have allowed gold miners to reinvest in operations while returning capital to shareholders. The sector is benefiting from margin expansion as gold prices remain elevated, giving even mid-tier and junior miners the potential to outperform. For small-cap investors, this creates a unique entry point into a sector often overlooked during periods of tech dominance.

While enthusiasm around AI-driven chipmakers is unlikely to fade, the current cycle underscores the importance of diversification. Investors chasing technology gains may risk overlooking industries where fundamentals remain strong, valuations are reasonable, and long-term demand drivers are intact. The outperformance of gold miners in 2025 serves as a reminder that market leadership can emerge from unexpected places — and for small-cap investors willing to broaden their focus, the precious metals sector offers compelling opportunities.

Century Lithium Corp. (CYDVF) – Progress on the Permitting Front

Posted on by slightbourne@noblecapitalmarkets.com


Thursday, October 02, 2025

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

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

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

Moving through the permitting process. Century has completed all required environmental baseline studies to begin Angel Island’s National Environmental Policy Act (NEPA) permitting process, which is expected to take up to two years before reaching a record of decision. The studies will be used by the Bureau of Land Management (BLM) to support the company’s upcoming Plan of Operations submission and subsequent NEPA analysis. 

FAST-41 designation. In August 2025, Angel Island was formally designated as a FAST-41 Transparency project under a federal initiative designed to improve the transparency, coordination, and timeliness of the federal environmental review and permitting process. The designation reflects Angel Island’s strategic importance in supporting the U.S. critical minerals supply chain. We think the Angel Island project is well-positioned for a timely progression through the permitting process.


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