Locksley Resources (LKY:AU) has announced Locksley Produces High Grade Antimony Concentrate
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Investor Insight
Metro Mining is one of the few pure-play upstream bauxite companies globally listed on a stock exchange. As a direct exposure to the aluminum sector, Metro offers investors a unique opportunity to benefit from rising global demand driven by industrial applications and growth areas such as electrification, batteries, renewable energy, and lightweight transportation solutions.
Overview
Metro Mining (ASX:MMI) is a low-cost, high-grade Australian bauxite producer with its 100-percent-owned Bauxite Hills mine located 95 km north of Weipa on the Skardon River, Queensland. The mine forms part of a tenement package covering ~1,900 sq km.
Bauxite Hills Mine
As at 31 December 2024, Bauxite Hills contained 114.4 Mt of ore reserves, supporting an ~11-year mine life, with additional mineral resources extending mine life by roughly five years.
Following the infrastructure expansion commissioned in late 2023, the operation is ramping up production during 2025 and remains on track to deliver 6.5 to 7 WMtpa by year end. This positions Metro as one of the lowest-cost global bauxite producers.
The aluminum sector continues to see rising demand growth of around 3 to 4 percent annually, supported by EV manufacturing, renewable energy infrastructure, battery production and lightweight transportation. Market conditions have been strengthened by instability in Guinea, where government actions and weather disruptions have curtailed exports, creating supply uncertainty and reinforcing the importance of reliable Australian producers.
Company Highlights
- Metro Mining’s flagship asset, the Bauxite Hills mine (BHM) in Skardon River, located 95 km north of Weipa in Cape York Peninsula Queensland, benefits from proximity to Asian markets, short haul distances, and a highly scalable, low-cost marine transportation system, ensuring industry-leading operating margins.
- Production ramp-up continuing in 2025 following infrastructure expansion in late 2023. August 2025 shipments reached 753,101 WMT, up 6 percent year-on-year, with year-to-date production of 3.4 Mt, keeping the company on track for its 6.5 to 7 million WMT per annum CY2025 target.
- Targeting a delivered bauxite cost below US$30 per dry ton CIF China, positioning the company firmly within the lowest quartile of global producers.
- End of Q2 2025: Cash balance of AU$28.7 million, secured debt of US$56.6 million, and full-year hedged position at 0.63 US$:A$.
- Ore reserves of 77.7 Mt underpinning ~11 years of mine life, with additional mineral resources providing ~five more years
- Metro Mining maintains robust environmental and social governance, evidenced by receiving the Association of Mining and Exploration Companies’ 2024 Environment Award.
Key Project
Bauxite Hills Mine (Queensland, Australia)
Metro Mining’s flagship asset, the Bauxite Hills mine, is located on the Skardon River, about 95 kilometres north of Weipa in Queensland. The mine is underpinned by 114.4 Mt of ore reserves as at 31 December 2024, providing approximately 11 years of production, with further Mineral Resources extending mine life by around five years.
Bauxite Hills is a straightforward, low-cost DSO operation. The orebody requires no blasting, with only ~0.5 metres of overburden to remove, and short average haul distances of nine kilometres. Ore is screened to below 100 millimetres and hauled to the barge loading facility, where it is transported via tugs and barges to offshore transhippers for loading onto Capesize vessels bound for Asian markets. This efficient marine logistics chain enables Metro to remain in the lowest quartile of global cost producers.
Production continues to build steadily. In Q2 2025, the mine shipped a record 1.9 Mt, generating site EBITDA of AU$54 million and a margin of AU$32 per tonne. In August 2025, shipments reached 753,101 tonnes, a six percent increase from the prior year, with 3.4 Mt shipped year-to-date, putting the mine firmly on track to meet its 2025 target of 6.5 to 7 Mt.
Metro has established offtake agreements with leading global alumina and aluminum producers, including Chalco, Emirates Global Aluminium, Xinfa Aluminium and Shandong Lubei Chemical. To support growth beyond 2025, debottlenecking and optimisation studies are underway to enable potential expansion to 8 Mtpa beyond 2026.
The company is also advancing exploration in surrounding lateritic bauxite terraces. Drilling campaigns are planned across EPM 27611, EPM 16755, EPM 25879 and EPM 26982 during the second half of 2025, with approximately 150 holes scheduled.
In addition, Bauxite Hills hosts a significant kaolin deposit beneath the bauxite ore. Metro is progressing a feasibility study to assess extraction potential, market strategies and product testing, with applications in ceramics, paper, paints and industrial uses.
Management Team
Simon Wensley – CEO and Managing Director
Simon Wensley is a proven industry leader with extensive experience in mining operations and strategic growth. He spent 20 years at Rio Tinto in various operational, project and leadership roles across commodities, including iron ore, industrial minerals, bauxite, alumina, coal and uranium.
Douglas Ritchie – Non-Executive Chair
Douglas Ritchie brings more than 40 years’ experience in resources, previously holding senior leadership roles at Rio Tinto, including CEO of Rio Tinto Coal Australia, chief executive of the Energy Product Group, and group executive of strategy.
Nathan Quinlin – CFO
Nathan Quinlin is experienced in financial strategy and cost optimization, previously serving as finance and commercial manager at Glencore’s CSA mine, managing finance, risk management and life-of-mine planning.
Gary Battensby – General Manager and Site Senior Executive
Gary Battensby has extensive experience in managing large-scale metalliferous mining operations, budget control and regulatory compliance. He previously oversaw teams of up to 350 staff and operations with substantial CAPEX and operational responsibilities.
Vincenzo De Falco – General Manager, Marine Supply & Logistics
With over 15 years of global experience in the shipping and maritime industry, including at IMC and Louis Dreyfus Armateurs, Vincenzo De Falco is leading the Metro Marine Team to manage BHM transhipping logistics, including new Floating Crane Terminal (Ikamba) as well as Tug Mandang.
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The oil market struggled in Q3 as prices continued to soften under mounting supply pressure.
Following moderate gains in H1, prices contracted through Q3, ending the quarter lower than their July 1 start positions.
Brent crude started the period at US$67.10 per barrel and finished at US$65.90, a 1.7 percent decline. Similarly, West Texas Intermediate (WTI) entered the 90 day session at US$65.55 per barrel, slipping to US$62.33 by September 30.
In its recently released energy, oil and gas report for the third quarter, Deloitte attributes the summer price slump to rising global oil inventories and OPEC+ easing production cuts sooner than expected.
“OPEC+ recently announced a 137 million barrels per day (MMbbl/d) production quota increase for October, beginning the reversal of 1.65 MMbbl/d of voluntary cuts that were originally set to stay in place through 2026,” it reads.
Supply has also exceeded demand in the US by 1.6 MMbbl/d between May and August, according to the US Energy Information Administration (EIA), fueling projections of further stock builds for the remainder of the year.
“We expect inventory builds will average 2.1 MMbbl/d in the second half of 2025 and will remain elevated through 2026, putting significant downward pressure on oil prices,” the EIA notes in its September short-term energy forecast.
WTI price performance, December 31, 2024, to October 6, 2025.
Oil prices under pressure amid rising inventories, sluggish demand
Such gains are unusual for the shoulder season, when demand typically dips to around 103 million to 104 million barrels per day, compared to 106 million in summer and winter, Schachter pointed out.
On the flip side, global oil demand in the third quarter remained subdued, with growth projections of approximately 700,000 barrels per day (bpd) for both 2025 and 2026, according to the International Energy Agency (IEA).
This marks a significant slowdown compared to the 2.8 percent growth observed in 2024.
The IEA attributes this deceleration to factors such as high interest rates, economic uncertainties and structural shifts in energy consumption patterns. Looking ahead, the organization projects a modest rebound in global oil demand, with an anticipated increase of 700,000 bpd in 2026. However, this growth is contingent upon factors such as economic stabilization, energy policy developments, and potential shifts in global trade dynamics.
“Demand is weaker. Inventories are high, OPEC is raising production, and so we have all of that, and we think that we’re going to see WTI below US$60,” said Schachter, adding that he expects to see WTI values sink to the US$56 to US$59 range in the fourth quarter.
Geopolitical tensions drive oil price volatility
Much of the oil price volatility exhibited in the third quarter was driven by geopolitical factors, according to Igor Isaev, Doctor of Technical Sciences, and head of Mind Money’s Analytics Center.
‘Prices have swung sharply, driven by a complex interplay of geopolitical flashpoints, punitive trade policies and structural changes in supply dynamics. From Tehran to Texas, the forces shaping global energy are no longer cyclical — they’ve become groundbreaking, unveiling symptoms of a broader recalibration of energy security and sovereignty.”
As Isaev explained, while these forces aren’t new, they have been especially impactful amid heightened global strife.
“At the heart of recent volatility lies a familiar trio: tariffs, conflict and fragility. US-China trade tensions have resurfaced in the form of targeted energy tariffs, while carbon border adjustments in Europe have added further complexities to global flows,” the expert explained. “Meanwhile, geopolitical instability in Iran, Venezuela, Russia and parts of Africa continues to inject a risk premium into every barrel.”
Despite all the market turbulence, Isaev noted that one steady factor persists — US shale’s balancing act. Once the industry’s great disruptor, shale now serves more as a pressure valve during supply crunches than a growth engine.
However its flexibility is waning. Higher interest rates, escalating service costs and maturing geology, particularly in the Permian Basin, have shifted producers’ focus from expansion to efficiency, he said.
“Its role heading into 2026 will be stabilizing, but not leading.”
For Schachter, the weak price environment falls below the incentive price for US shale producers.
Currently, shale production remains resilient, hitting 13.5 million barrels per day the first week of October, up 200,000 barrels from last year, he said. Producers continue to tap high-quality, tier-one reserves using advanced techniques like longer-reach, multi-leg wells and improved completions, keeping some operations profitable even at US$61.
Oil and gas M&A volume slows, but values surge
As uncertainty abounds companies continue to shy away from deal making. An August report from Wood Mackenzie notes that deal activity in 2025 is down 10 percent, to only 85 sector wide by mid-August.
“The number of deals has been declining progressively since 2022, making this the seventh consecutive half-year drop, with volumes now well below the ten-year average,” the firm’s analysis reads.
Despite the volume decline, values are on the rise.
“At US$71 billion, the overall value of disclosed deals was higher than the half-year average for the last five years, and a huge 80% higher than the unusually low total for the previous half year,” the report continues.
One of the largest deals announced during the quarter was Crescent Energy’s (NYSE:CRGY) acquisition of Vital Energy (TSXV:VUX,NYSE:VTLE), an all-stock deal valued at US$3.1 billion.
The deal will birth one of the 10 largest independent oil and gas producers in the US. The combined company will operate across major basins, including the Eagle Ford, Permian and Uinta.
Although deal volumes have retracted, both Isaev and Schachter anticipate majors heading to market in an effort to bolster their market share.
“M&A activity in North America is likely to accelerate,” said Isaev. “Consolidation will be driven not by land grabs, but by strategic repositioning — especially in LNG, CCS and low-carbon petrochemicals. I expect deals prioritizing operational efficiency, reserve quality and transition alignment over immediate revenue effect.”
For Schachter, majors play a pivotal role in securing today’s oil supply, as well as in funding the innovation for future oil production. “You’re always going to see the big boys go after the medium boys,” he said. “Once you find a good asset, you want to control more and more of it, so you buy other people up. So I think consolidation will be there.”
He went on to note that new technology will open up more plays offshore in the Gulf of Mexico.
“We haven’t really talked a lot about discoveries in the Gulf of Mexico for a long time; I think there will be new technology that will be applied to drilling,’ Schachter commented.
Accessing these offshore assets will not be cheap, as he estimates the wells there could cost upwards of US$50 million wells compared to under US$10 million for an onshore well.
“So that’s going to require the big boys to do that. But the prizes can be there, as we found with Guyana,” said Schachter, pointing to the Caribbean nation’s growth from no output to over 600,000 barrels per day currently.
Gas demand weakens as LNG expansion fuels potential Asian growth
After a sharp rebound in 2024, global natural gas demand slowed notably in the first half of 2025 as high prices, tight supply and economic uncertainty curbed consumption.
That was particularly true in Asia, where both China and India posted year-on-year declines.
Starting the third quarter at US$3.43 per million British thermal units, natural gas values contracted through July and August sinking to a year-to-date low of US$2.73 on August 20, 2025.
Values have since regained lost ground ending the three month period in the US$3.35 range.
Natural gas price performance, December 31, 2024, to October 6, 2025.
As noted in the IEA’s Q3 gas market report, Europe’s LNG imports are on track to hit record highs this year, driven by storage needs and reduced Russian pipeline flows.
Meanwhile, China’s imports are falling amid weaker demand and competition for cargoes, and ongoing geopolitical tensions, including the Israel-Iran conflict, have added volatility and uncertainty to an already fragile market.
Isaev underscored the importance of geography and regional tensions in relation to the gas market.
“In the natural gas arena, the pivot is predominantly geographic. European demand has somewhat rebounded, driven by colder winters and a continued retreat from Russian pipeline gas,’ he said.
Asia, by contrast, has seen softer industrial demand and increased reliance on domestic coal. For Canadian and US producers, this shift presents a strategic opening,” Isaev continued.
He went on to explain that LNG export infrastructure expansion, from BC to the US Gulf Coast, and long-term contracts with European buyers are “becoming geopolitical tools as much as commercial deals.”
While Schachter sees moderate European demand growth due to sluggish economic expansion, the longer-term surge is expected from Asia. As he pointed out, countries such as Japan, South Korea, China and Vietnam, which lack domestic reserves, will increasingly import LNG from sources like Australia, Papua New Guinea, the Gulf Coast and Canada.
‘And prices (in Asia) might be US$11 to US$12 compared to US$3.50 in the US,” said Schachter.
Looking ahead, the EIA forecasts that LNG supply growth is expected to surge in 2026 — led by new output from the US, Canada and Qatar — easing market pressures and potentially reigniting demand across Asia.
Oil and gas market forecast for Q4
Moving into the rest of 2025 and early 2026, Schacter warned that weather remains a key wildcard for energy markets.
He recommended watching whether winter will be mild or unusually cold, as Arctic fronts could spike oil and natural gas prices. Early forecasts, including those from the Farmers’ Almanac, suggest a colder-than-normal winter, though factors like El Niño could influence outcomes and add further uncertainty.
The oil and gas sector veteran, who will be hosting his annual Catch the Energy conference in Calgary in mid-October, also cautioned that global geopolitical risks remain a key market driver. Any disruptions in strategic chokepoints like the straits of Malacca or Hormuz, which could block crude shipments, have the potential to push oil prices higher.
‘And if we do, that’s going to be very, very good for the industry.”
Isaev pointed to OPEC+ tactical production, US shale prioritizing capital discipline over output growth, and LNG shipments to Europe and Japan being increasingly influenced by geopolitical dynamics, as key trends to watch.
“When you factor in the ongoing tensions in the Middle East and West Africa, along with the regulatory shifts surrounding carbon pricing and exploration permits, it’s evident that 2025 isn’t just going to be volatile — it’s a year for strategic realignment,” he said. “The advantage will go to those who can skillfully navigate this complexity, foresee critical turning points and invest their capital with both accuracy and creativity.”
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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The Trump administration is exploring a potential equity stake in Critical Metals (NASDAQ:CRML), a US-listed company developing Greenland’s massive Tanbreez rare earths deposit, people familiar with the discussions told Reuters.
This isn’t the White House’s first foray in the critical minerals space, as the President has been adamant about building domestic supply chains for in demand metals and minerals.
“Hundreds of companies are approaching us trying to get the administration to invest in their critical minerals projects,” according to a senior Trump administration official.
While nothing has been confirmed yet, the report acknowledged ongoing talks about a possible investment, which three sources said could stem from a conversion of a pending US$50 million Defense Production Act grant application into an equity position.
Rare earth elements, prized for their powerful magnetic properties, are indispensable for technologies ranging from electric vehicle motors and wind turbines to missile guidance systems.
With China currently dominating the mining and processing of these materials, the US has increasingly sought to diversify its supply chain by backing projects at home and abroad.
Critical Metals, which last year acquired the Tanbreez project for US$5 million in cash and US$211 million in stock, applied for the federal grant in June.
The discussions in recent weeks have centered on turning that request into a government stake worth roughly 8 percent, though the final figure and the deal itself remains uncertain.
The company has not publicly commented on the negotiations and did not respond to multiple requests for comment.
Earlier this month, the administration finalized an arrangement to take a 5 percent stake in Lithium Americas (TSX:LAC,NYSE:LAC) through warrants issued by the US Department of Energy (DOE) as part of a US$2.23 billion loan package for the Thacker Pass lithium project in Nevada.
The Greenland proposal represents a complementary push: rather than expanding domestic mining, it would give Washington a stake in one of the world’s most strategically located and largest mineral deposits outside China.
Tanbreez, situated in southern Greenland, is believed to contain a rich mix of rare earths and other critical elements used in magnets, batteries, and high-performance alloys.
Markets responded swiftly to the news. Shares of Critical Metals surged nearly 53 percent in premarket trading Monday following Reuters’ initial report of Washington’s interest, reaching their highest levels since the company’s public listing.
Critical Metals separately announced that it had raised US$35 million from an unnamed institutional investor to advance Tanbreez’s development, while also restating its financial results for the six months ended December 2024 and 2023.
Greenland, a semi-autonomous Danish territory, has become an emerging focal point of geopolitical and resource competition in the Arctic. Its vast mineral and hydrocarbon potential, combined with its proximity to North America and Europe, makes it strategically significant for both economic and security reasons.
The Trump administration’s growing focus on Greenlandic resources also coincides with private-sector activity in the region.
Last month, New York-based Pelican Acquisition (NASDAQ: PELI) announced a merger agreement with Greenland Exploration and March GL to form the Greenland Energy Company (NASDAQ:GLND), which will pursue oil and gas exploration in East Greenland’s Jameson Land Basin.
As the Trump administration considers reallocating up to US$2 billion from the CHIPS and Science Act to fund critical minerals projects, analysts see these developments as a sign that the US is deepening its commitment to securing supply chains from the Arctic.
If the Greenland deal proceeds, it would not just revive the territory’s mining ambitions but also mark one of the most symbolic extensions yet of Trump’s long-standing interest in the Arctic frontier.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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African Discovery Group (OTC:AFDG) (‘AFDG‘ or the ‘Company‘) has signed a term sheet to acquire the Butembo Copper exploration license in the Democratic Republic of Congo (DRC) by acquiring 100% of the shares of SOCIETE GRABIN MINING SAS (the ‘Transaction‘). With this proposed acquisition, AFDG aims to create a combined copper company built to deliver value creation for the next century. Congo has an estimated $24 trillion worth of mineral wealth, according to the World Bank.
First standalone Congolese company in the United States
As part of the renewed strategic alliance and vision between the United States and the DRC to promote strategic minerals, the USA-DRC Economic Forum will be hosted in Washington DC in October, in follow-up to a successful investment hosted by President Trump of the United States and President Tshisekedi of DRC in August in Washington.
Massad Boulos, US Senior Advisor for Africa to President Trump recently stated, ‘I look forward to working with President Félix Tshisekedi and his team to build a deeper relationship that benefits the Congolese and American people, and to stimulate American private sector investment in the DRC, particularly in the mining sector, with the shared goal of contributing to the prosperity of both our countries.’ United States Secretary of State Marco Rubio further stressed the importance of protecting U.S. strategic interests in critical minerals, which are important for the tech sector, and bringing stability to the region. Reports indicate his involvement in DRC’s peace process was seen as using U.S. influence in the minerals trade to facilitate U.S. access to critical minerals. President Trump has further stated ‘Our partnership (with the DRC) would provide the U.S. with a strategic advantage by securing critical minerals such as cobalt, lithium, copper and tantalum from the Democratic Republic of Congo. U.S. companies are ready to step up and are eager to invest. But for them to succeed, they need transparency, predictable governance, and a stronger enabling environment in the DRC.’ At the time of the closing of the transaction, the combined company will become the first stand-alone DRC company to be publicly traded in the United States.
DRC’s copper production is among the largest in the world, with the DRC concentrating 65% of newly announced copper reserves identified worldwide in 2023, according to S&P Global Market Intelligence. Numerous highly valued copper companies have recognized DRC’s copper potential including Ivanhoe Mining Limited, one of DRC’s largest copper companies, Glencore, and the emerging entity of Kobold, a Jeff Bezos and Bill Gates based mining exploration startup. Copper’s demand is predicated on numerous items, including artificial intelligence related infrastructure build, telecommunications and building materials, amongst others.
The new management that will drive value creation are driven by Andrew Groves, whose previous strategic exits in resources on the African continent include: Founder and CEO of CAMEC PLC, a cobalt and copper producer in the DRC that sold to ENRC for a billion dollar exit, Founder and CEO of African Platinum PLC, that sold to Impala Platinum for $900mm, and the founder of Central African Gold that sold to New Dawn for $300mm. Aldo Cesano, who intends to join the Board of Directors of the company, brings over 40 years of experience in mining and logistics development across the DRC, Zimbabwe and Southern Africa. Andrew’s team will succeed as management in entirety post close of Transaction.
The stock-based transaction will create a copper exploration company, with a focus on creating value around Africa and DRC specifically focused on under explored basins of copper. On closing of the Transaction, the Company is expected to change corporate name, domicile, and trading symbol to reflect the nature of the new operations, and apply for an uplisting to the NASDAQ exchange, subject to regulatory approval. As part of the closing of the transaction, AFDG is expected to issue shares to SOCIETE GRABIN MINING SAS. The Transaction is expected to result in the existing AFDG shareholders retaining a minority ownership of the Company. AFDG is aiming to close the Transaction in Q4 2025, subject to due diligence and financing contingency.
On August 27, 2025, the United States government added copper to its draft list of strategic metals. According to veteran energy historian Daniel Yergin,’ only one metal represents the linchpin of the energy transition away from fossil fuels, with copper as that fundamental mineral that’s required for all aspects of the energy transition, including electric vehicles and batteries, charging infrastructure and the wires that comprise the grid itself, require more copper than the technologies used to produce energy from fossil fuels’. Current estimates that copper supply needs to double by 2035 — from the current 25 million metric tons per year to a record 50 million metric tons per year. The International Energy Agency (IEA) expects the supply-demand disparity to persist until 2050.
While the east of the DRC is relatively unexplored, prior to the independence of Zaire the Belgian’s had planned on building rail infrastructure from Kisangani to Goma, Bukavu and Bunia to export copper, tungsten, tin and other minerals and agricultural products from the region, plans that adjusted post independence. Traditionally, large mining companies have focused on Katanga province for copper and cobalt, given proximity to export markets and Southern African ports. Logistics are a key component to the project in the Eastern DRC, with the Consortium of Toha and Bulongo Logistics starting works on the Kisangani to Bukavu route via Lubutu (Asphalt road) towards the end of 2025. The consortium will fund the construction from 60% of the proceeds from the Kolwezi to Solwezi toll road project with a new border at Kasabinda, which should be completed by third quarter of 2026.
AFDG Chairman and Founder, Alan Kessler, who is expected to retain a role as a Director of the company post close of transaction, stated, ‘We are highly enthusiastic to move forward with such a promising Transaction for our company and our shareholders. Numerous tailwinds are expected to drive dramatic value creation, in conjunction with a high correlation to gold price at an all-time high and an easing US Federal reserve, Artificial Intelligence related infrastructure build, meets the energy transition, finds an emerging DRC. The confluence and timing of all of these global factors on the demand side, and constrained supply, ensures the highly promising nature of this opportunity.’
EAS Advisors LLC have been appointed as the corporate advisor for the Company on the Transaction.
About Butembo Copper Project
Butembo is a near surface, low strip, Tier one exploration opportunity, located near the Ruwenzori mountain location of Uganda’s biggest copper mine (Kilembe with 4 million tons of verified reserves), located only 50km from the Ugandan border with verified access to rail. The High-grade copper samples thus far have returned 18% Copper assays, which if maintained at production would rank amongst the highest globally.
About African Discovery Group
African Discovery Group, Inc., is a Delaware corporation, dedicated to the development of the African continent. AFDG’s wholly-owned subsidiary, ADG Subsidiary Corp., is a Delaware corporation (‘ADG’). AFDG’s primary businesses from which it intends to generate revenues in the future, include agriculture/sustainability, power, media, strategic minerals, and finance sectors on the African continent. The Company, through its wholly-owned subsidiary, is committed to all aspects of environmental, social and governance issues in its business.
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Hydrogen Utopia International PLC (LSE: HUI), a company pioneering non-recyclable waste-to-hydrogen systems, is delighted to announce that it has entered into a Binding Outline Agreement with BPODash LLC (‘BPOD’), a U.S.-based developer of advanced AI-powered monitoring and predictive analytics for industrial operations.
BPOD offers a cloud-based platform that connects operational and business data across industrial sites. The technology gives plant operators a clear, real-time view of everything from feedstock intake to final off-take, while using AI to spot potential issues early, predict performance, and guide smarter decisions. The result is reduced downtime, improved efficiency, and stronger profitability.
BPOD’s platform, built by industry veterans with deep expertise in plasma gasification, anaerobic digestion, pyrolysis, and incineration, has been specifically designed for the complex environments of renewable and waste-to-energy facilities. Its’ artificial intelligence tools consolidate operational and business data across entire plants, forecasting performance, preventing downtime, and maximising efficiency. The system is supported by 24/7/365 monitoring and integrates seamlessly with existing plant controls and enterprise software, providing a single intelligent layer for operators and executives.
The Binding Outline Agreement proposes to give HUI exclusive rights to integrate BPOD’s technology into its waste-to-hydrogen projects across the Middle East and North Africa (MENA) once a Definitive Agreement has been reached. This combination is expected to enable HUI’s facilities not only to convert waste into clean hydrogen but also to operate as digitally optimised, AI-driven plants with real-time oversight and predictive decision-making capabilities.
As AI and data technologies continue to expand at unprecedented speed, the energy demand behind this digital revolution has become one of the most pressing global challenges. Clean, scalable hydrogen is also increasingly recognised as the fuel that could power the growth of the AI economy without adding to the carbon burden. Through this partnership, HUI intends to demonstrate how AI-enabled operations can be incorporated into hydrogen production to deliver energy and digital resilience sustainably in one of the world’s most forward-looking markets.
The Definitive Agreement is expected to be executed within 180 days.
Richard Fish is a director and shareholder of HUI and a director and shareholder of BPODash LLP. The terms of the Binding Outline Agreement have been reviewed by the Directors of HUI with Richard Fish having recused himself from the Board’s consideration of the matter.
Aleksandra Binkowska, CEO of Hydrogen Utopia International PLC, commented:
‘Artificial intelligence is transforming industries worldwide, but its extraordinary energy demands require equally extraordinary solutions. Hydrogen is that solution, the clean enabler of the AI economy. By combining BPODash’s predictive analytics with HUI’s waste-to-hydrogen systems, we are creating facilities that are not only sustainable but also intelligent, efficient, and future-proof. This is a unique opportunity to place hydrogen at the heart of both the energy transition and the digital revolution.’
Richard Fish, Director of Hydrogen Utopia International PLC, commented: ‘Partnering with BPODash enables Hydrogen Utopia to unlock the full potential of our operational data. Their AI-driven platform gives us the clarity and control needed to optimize plant performance, reduce downtime, and sharpen our margins-critical steps toward our focus on delivering hydrogen at less than $2 per kilogram. This is not just digital transformation; it’s strategic acceleration.’
Yuri Verbowski and Darrell Hill, CoFounders, BPODash, commented: ‘BPODash is pleased to collaborate with HUI on this groundbreaking initiative. AI delivers its best results when guided by real expertise, and this partnership combines cutting edge analytics with seasoned industry specialists. Together, we’ll ensure every insight is actionable, every prediction reliable, and every plant optimized for the realities of hydrogen production. HUI’s projects in MENA are an ideal fit for our technology. As AI’s energy demand accelerates, we’ll demonstrate how expert guided, digitally optimized hydrogen plants deliver real time intelligence, resilience, and a lower carbon footprint.’
For further information, please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska
+44 20 3811 8770
Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)
Nick Michaels/Maya Klein Wassink
+44 20 8064 4056
Novum Securities Limited (Broker)
Jon Belliss/Colin Rowbury
+44 20 7399 9400
Capital Plus Partners Limited (Broker)
Dominic Berger
+44 7799888544
About Hydrogen Utopia International PLC
HUI aims to become one of the leading new European companies specialising in converting non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials or distributed renewable heat.
A HUI facility uses non-recyclable mixed waste plastic as feedstock and turns it into syngas from which new products and energy can be produced. HUI anticipates that its revenues will be derived from a variety of sources, dependent upon location and configuration of the HUI facilities, including the sale of syngas, hydrogen and other gases, electricity and heat sales, and the payment to it of fees for a given quantity of non-recyclable mixed waste plastic received at a HUI facility.
HUI will target areas where there is significant private sector interest or potential, financial backing is accessible and or where substantial EU and/or government funded sources of grants and loans are or may be available. The global increase in fossil fuel-based energy prices reinforces the need for alternative, price competitive energy sources, which HUI’s business model can provide.
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Syntheia Corp. (CSE: SYAI) (Syntheia.ai) (the ‘Company’) is pleased to announce that further to its press releases dated July 23, 2025, September 2, 2025, and September 12, 2025, the Company has closed the final tranche of its non-brokered private placement financing for gross proceeds of $237,000.00 through the issuance of 1,975,000 units (each, a ‘Unit’) at a price of $0.12 per Unit (the ‘Offering’).
Each Unit was comprised of one common share in the capital of the Company (each, a ‘Common Share‘) and one Common Share purchase warrant (each, a ‘Warrant‘). Each Warrant is exercisable to acquire one Common Share at a price of $0.16 until October 6, 2030 (the ‘Expiry Date‘), subject to an accelerated expiry in the event the volume weighted average trading price of the Common Shares exceeds $0.20 for 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of the Warrants accelerating their Expiry Date to a date that is not less than 30 days following the date of such notice and the issuance of a press release by the Company announcing the acceleration notice (the ‘Accelerated Exercise Period‘). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.
Gross proceeds raised from the Offering will be used for working capital and general corporate purposes. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.
The Offering constituted a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘) as certain insiders of the Company subscribed for an aggregate of 250,000 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by insiders does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Syntheia
Syntheia Corp. is an early-stage artificial intelligence technology company, channeling its efforts into refining and expanding its proprietary, conversational AI-based platform (the ‘Syntheia AI Platform‘). The Syntheia AI Platform represents the integration of natural language processing (‘NLP‘) technology, enabling it to not only understand but also respond to human language with accuracy. The Syntheia AI Platform, a generative, AI-powered algorithm equipped with a human-like voice, boasts self-learning capabilities derived from NLP methodologies.
Currently in beta testing, the Syntheia AI Platform is crafted to offer a suite of automated solutions, particularly for retail-focused businesses where customer interaction and service are key to operations. At the heart of the Syntheia AI Platform is its use of AI to emulate human cognitive processes, combined with a sophisticated large language model, which is integral for interpreting and generating human-like language responses.
For further information, please contact:
Tony Di Benedetto
Chief Executive Officer
Tel: (844) 796-8434
Cautionary Statement
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘may’, ‘will’, ‘would’, ‘potential’, ‘proposed’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
The securities of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269347
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Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) (‘Allied’ or the ‘Company’), is pleased to announce a non-brokered private placement offering (the ‘Offering’) for gross proceeds of up to $10,000,000 by issuing up to 16,666,666 common shares of the Company (the ‘Shares’ and, each, a ‘Share’) at a price of $0.60 per Share.
The Shares will be offered to purchasers pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘) to purchasers resident in Canada, except Quebec, and certain jurisdictions outside of Canada. Pursuant to NI 45-106, the securities offered under the Offering will not be subject to a hold period in accordance with applicable Canadian securities laws.
There is an offering document (the ‘Offering Document‘) related to the Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.alliedcritical.com. Prospectus investors should read this Offering Document before making an investment decision.
The Company intends to use the net proceeds of the Offering for ongoing exploration and development activities on the Borralha Tungsten Project and Vila Verde Tungsten Project and for additional working capital.
The Offering is subject to approval of the Canadian Securities Exchange (the ‘CSE‘).
The Company may pay finder’s fees in connection with the Offering to eligible finders in accordance with policies of the CSE and applicable securities laws consisting of (i) a cash commission of up to 7% of the gross proceeds of the Offering, and (ii) a number of finders warrants (‘Finders Warrants‘), equal to up to 7% of the number of Shares issued under the Offering with each Finders Warrant exercisable for one additional Share of the Company for a period of 24 months at $0.60 per Share from the closing date of the Offering (the ‘Closing Date‘). The Offering is expected to close on or about October 21, 2025, or such other date as determined by the Company.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
About Allied Critical Metals Inc.
Allied Critical Metals Inc. (CSE: ACM,OTC:ACMIF) (OTCQB: ACMIF) (FSE: 0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.
Please visit our website at www.alliedcritical.com.
Also visit us at:
LinkedIn: https://www.linkedin.com/company/allied-critical-metals-inc
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/
ON BEHALF OF THE BOARD OF DIRECTORS
Per: ‘Roy Bonnell’
Roy Bonnell
Chief Executive Officer and Director
Contact Information
For further information or investor relations inquiries, please contact:
Dave Burwell, Vice President, Corporate Development
Tel: 403 410 7907 | Toll Free: 1-888-221-0915
Email: daveb@alliedcritical.com
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.
Not for distribution to U.S. news wire services or dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269365
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Here’s a quick recap of the crypto landscape for Monday (October 6) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$125,434, up by 2.3 percent in 24 hours. Its lowest valuation of the day was US$124,565, and its highest was US$126,080. Bitcoin achieved its strongest weekly close at US$123,400 on October 3, affirming entry into a new price discovery phase, before hitting new highs on Monday.
Bitcoin price performance, October 6, 2025.
Chart via TradingView.
Bitcoin’s market cap briefly surpassed US$2.5 trillion, driving a record US$5.95 billion into digital assets.
Bitcoin dominance in the crypto market now stands at 54.49 percent.
On-chain data indicates that Bitcoin is entering a renewed accumulation phase, marked by reduced selling pressure from long-term holders and stabilization among short-term investors. Strong institutional exchange-traded fund (ETF) inflows, increased on-chain transfer volumes and healthy derivatives market indicators form a strong structural base for potential further gains, but tight Bollinger Bands point to impending short-term volatility and price consolidation.
Bitcoin researcher Axel Adler Jr. highlights that Bitcoin is trading near the upper boundary of the 21 day Donchian channel. The Bitcoin futures flow index reading of 96 percent signals sustained bull pressure.
Adler also points out that the short-term holder MVRV ratio is nearing resistance around US$133,000, indicating potential near-term profit taking. Scenarios include momentum-driven consolidation between US$122,000 and US$124,000, or a mean reversion pullback to US$118,500 to US$120,000, supported by key moving averages.
Ether (ETH) has exceeded Bitcoin’s upward price movement, rising by roughly 5.2 percent in the last 24 hours to US$4,725.31, its highest valuation of the day. Its lowest valuation was US$4,589.41.
Ether continues to hold firm above its US$4,500 support, with market watcher Ted Pillows highlighting US$4,750 as the next major resistance level for the cryptocurrency. However, he also warned that a drop below the US$4,250 to US$4,060 zone would shift momentum back to the bears.
Altcoin price update
- Solana (SOL) was priced at US$235.40, an increase of 3.7 percent over the last 24 hours. Its lowest valuation on Monday was US$233.70, and its highest was US$237.29.
- XRP was trading for US$3.03, up by 2.5 percent over the last 24 hours. Its lowest valuation of the day was US$2.99, and its highest was US$3.05.
ETF data and derivatives trends
The Fear & Greed Index currently reads 59, remaining firmly in neutral territory since the tail end of last week.
Last week, the cumulative net flow for spot Bitcoin ETFs was predominantly positive, with several days of inflows. According to data from the week of September 29 to October 3, spot Bitcoin ETFs had inflows on all five days, with October 3 recording the highest inflows at US$985.08 million. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).
Cumulative total inflows for spot Bitcoin ETFs stood at US$60.05 billion as of October 3.
The derivatives landscape reflects cautiously bullish sentiment, with the perpetual funding rate holding steady at 0.01, indicating balanced positioning between longs and shorts in the perpetual swap markets.
The session saw US$27.76 million in liquidations over the last four hours, predominantly impacting short positions, a signal of aggressive short covering as price momentum accelerated. Open interest retreated by 0.44 percent in the same span, to US$94.83 billion, suggesting some deleveraging or profit-taking after the day’s strong rally.
Despite the slight pullback in open interest, the notional value in major futures and options contracts remains near record levels, underscoring persistent institutional and speculative engagement. Implied volatility stands at 40.9, reflecting a moderate risk premium amid heightened spot activity and brisk rotation across both futures and options venues. With options open interest surging to historic highs and spot/volatility correlations positive, traders are leaning on structured call spreads rather than outright longs to manage term premiums and risk.
Today’s crypto news to know
Grayscale launches first US spot crypto ETPs with staking
Grayscale Investments has launched the first US-listed spot crypto exchange-traded products (ETPs), enabling staking for its Grayscale Ethereum Trust ETF (ARCA:ETHE), Grayscale Ethereum Mini Trust ETF (ARCA:ETH) and Grayscale Solana Trust (OTCQX:GSOL), the last of which is awaiting regulatory approval to uplist as an ETP.
Traditional brokerage investors can now earn passive staking rewards, which have been limited to native crypto platforms, through regulated funds, providing exposure to the Ethereum and Solana networks.
“Staking in our spot Ethereum and Solana funds is exactly the kind of first mover innovation Grayscale was built to deliver,” said Grayscale CEO Peter Mintzberg in a press release.
“As the #1 digital asset-focused ETF issuer in the world by AUM, we believe our trusted and scaled platform uniquely positions us to turn new opportunities like staking into tangible value potential for investors.”
Grayscale will manage staking via institutional custodians and diversified validator networks to reduce risks. The launch represents a milestone in crypto product sophistication and regulatory acceptance, and is expected to attract institutional capital and deepen investor participation in staking rewards.
Morgan Stanley endorses Bitcoin allocation for client portfolios
Morgan Stanley’s (NYSE:MS) Global Investment Committee has formally advised clients to include digital assets in their portfolios, marking a significant policy shift for one of Wall Street’s most established banks.
In a note dated Sunday (October 5), the firm recommends up to 4 percent crypto exposure in “opportunistic growth” portfolios and up to 2 percent for “balanced growth” accounts. The report also emphasizes Bitcoin’s role as a “scarce, digitally native asset” with increasing institutional relevance.
While many investors view the move as validation of Bitcoin’s maturing status and the formal ushering of crypto’s ‘mainstream era,’ some traders called it “too late” given prior gains.
Morgan Stanley also confirmed that its E*Trade platform will soon allow trading in Bitcoin, Ether and Solana via a partnership with ZeroHash.
Coinbase seeks national trust charter to expand payment services
Coinbase Global (NASDAQ:COIN) has applied for a national trust company charter from the US Office of the Comptroller of the Currency, a move designed to expand its payments and custody operations under unified federal oversight.
In an October 3 blog post, Vice President Greg Tusar clarified that Coinbase “has no intention of becoming a bank,” but aims to streamline regulation for new financial products.
Approval would enable Coinbase to scale its recently launched Coinbase Payments platform, which facilitates stablecoin transactions for merchants on Shopify (NYSE:SHOP) and eBay (NASDAQ:EBAY).
Coinbase has also deepened partnerships with JPMorgan Chase (NYSE:JPM), enabling direct account links between Chase customers and Coinbase wallets through API integration.
Similar Office of the Comptroller of the Currency charter applications have been filed by other platforms as digital payment infrastructure moves further into mainstream finance.
Plume Network registers as transfer agent
Plume Network, a layer-2 blockchain focused on tokenizing real-world assets (RWAs), announced it has registered as a transfer agent with the US Securities and Exchange Commission (SEC).
The move allows Plume to manage tokenized securities under US law, automating traditional transfer agent functions like shareholder registry management and corporate action reporting onchain.
This development comes amid efforts to integrate traditional finance with blockchain technology, specifically through the issuance and management of tokenized securities. Institutional involvement in the RWA market is still in its early stages, primarily focusing on low-risk instruments like US treasury bills.
Potential exists for expanding into new fundraising and investor engagement methods.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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David Morgan, publisher of the Morgan Report, shares his thoughts on silver as the white metal’s price approaches US$50 per ounce.
He believes silver may be approaching a ‘crossing the rubicon moment,’ but emphasized that its move comes amid a much broader transition in the financial system.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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