Fintech PR
This Metal Saw Prices increase 200% in 2024 – It Could Happen Again in 2025
FN Media Group Presents Oilprice.com Market Commentary
LONDON, Nov. 26, 2024 /PRNewswire/ — One of the best performing assets on the planet right now could be a little-known critical strategic critical metal that has exploded 200% this year. It’s the metal that wins wars, and China has banned its export with the intent of stripping the U.S. war machine of its capabilities. Companies mentioned in this release include: Piedmont Lithium (NASDAQ: PLL), Vale S.A. (NYSE: VALE), Uranium Energy Corp (NYSE American: UEC), MP Materials (NYSE: MP), Compass Minerals International (NYSE: CMP).
During WWII, antimony was the hero of the day. It’s a critical element in the production not only of fire-retardant military uniforms and tents, but also in the mass production of many of our means of modern warfare, from bullets and artillery shells to night vision googles, nuclear weapons and anti-tank missiles. Without Antimony, the U.S. could be rendered defenseless in the face of its enemies.
It’s an opportunity that North America-based Military Metals (MILI.CN; MILIF.QB) is pouncing on with a series of strategic acquisitions of past-producing antimony mines and new discoveries from North America to Europe.
That’s why prices skyrocketed this year when China, which controls nearly half the world’s production and three-quarters of its refining, cut the U.S. out of the Antimony supply chain.
The price of antimony doubled in July, 2024, according to S&P Global, hitting a then-record $22,750 per metric ton (antimony ingots 99.65% FOB) by August 6th. By November 15th, the price had hit $25,000 a ton, according to Forbes, for a 212% surge YTD.
The supply squeeze and the 200% price boost has netted investors triple-digit returns this year, first in Australia, where ASX-listed miners have been reaping huge rewards for investors.
Australian media is calling it an “antimony party”, with Larvotto Resources Ltd. (LRV) up over 800%, most of that gained in the past six months after China restricted antimony exports.
Now, everyone’s watching the junior miners to see who is next to benefit from the bounty of Chinese restrictions, and the next one to pop could be Military Metals (MILI.CN; MILIF.QB) who have made a number of acquisitions over the past few months inserting themselves firmly into the picture.
Where the Opportunities Lie
“The surge in prices, which industry participants expect to persist, underscores the West’s vulnerability in relying on top producer China for key minerals and could also force end-users to find alternatives for some applications,” according to Reuters, opening the door wide open for ambitious new entrants to the highly exclusive antimony club.
Miners are rushing the space. In the span of only two days in October alone, we saw Felix Gold Ltd announce plans to take “several steps” toward the goal of establishing a 5,000-metric-ton-per-year antimony mine by the end of 2025.
Australia’s Larvotto, which holds Australia’s biggest antimony deposit, owns the Hillgrove gold-antimony project near Armidale, New South Wales, and that ship has already sailed.
But new entrants like Military Metals could be the next big surge winners, with Forbes now calling this space “the latest to generate short-term profits of more than 100% on money invested”.
The company has two big cards to play right now, following its recent purchase of two Antimony mines and one Tin project.
One card is a triple set of assets in Slovakia in Central Europe, where antimony shortages are making the wider European Union very anxious. By the time China implemented antimony export restrictions in September, having announced the move in August, Europe was already in a critical metals panic. China had already put export restrictions on rare earth minerals gallium and germanium, along with battery metal graphite, in 2023 and 2024, and European refiners have been seeking alternative supplies from Tajikistan, Vietnam and Myanmar while the U.S. is trying to tap India.
Military Metals is hoping to provide a new source of antimony for Europe in Slovakia and for the U.S. in Canada’s Nova Scotia, at a past-producing mine that was the country’s largest during WWI.
The Trojarova asset is part of its recent Slovakian acquisition and is one of the European Union’s largest Antimony deposits with a historical resource of over 60,998 tons of Antimony that has a in-situ value of $2 billion at today’s spot prices.
“This acquisition strategically positions Military Metals as a leading explorer and developer of antimony,” CEO Scott Eldridge said in a press release, describing the Slovakian antimony projects as offering “significant potential for rapid advancement, particularly given Slovakia’s strong mining infrastructure and history”.
“We see this as a perfect alignment with the European Union’s Critical Raw Materials Act, opening the door to potential EU funding sources as we advance these projects toward production,” Eldridge added.
In late September 2024, Military Metals moved to acquire the West Gore past-producing antimony/gold mine in Nova Scotia, Canada, conjuring up the ghosts of WWI who also saw demand for antimony soar in a time of global conflict.
Just a month later, on October 24, 2024, Military Metals (MILI.CN; MILIF.QB) moved to consolidate additional territory around West Gore, where historical drilling results from Canada’s biggest antimony mine showing over 7 meters of 10.6 gpt gold and 3.4% antimony.
The Pentagon makes Antimony a Top Priority
For U.S. national security, things will have to move quickly, shifting important focus to junior miners willing to bet big on the next market-rattling supply crunch.
It can’t happen fast enough.
Germany has essentially been demilitarized, with its own defense ministry estimating it has about 2 days of ammunition if there is a war with Russia, which it fully expects to happen within the next few years at most.
In March 2024, the European Union allocated 500,000,000 euro under the Act in Support of Ammunition Production (ASAP) to boost output capacity to 2 million shells annually by the end of 2025. But the Western militaries have a major problem.
The U.S. Army, for its part, has set its industrial war room in motion because it was already dealing with an artillery shell supply crunch. It’s planning a major ramp-up in the output of “legacy munitions”, including anti-tank missiles, Stingers and artillery shells. The goal is to increase production of the 155-millimeter artillery shell from 40,000 units/month today to 100,000 units/month by the end of the year. That means a massive ramp-up of antimony supplies that can no longer come from China.
This is a junior miner playing field at its best, making antimony one of the best investment theses of this year and next, and China is feeding the price and supply frenzy with export restrictions. And the news flow for anything antimony is expected to be a media frenzy, with new entrants exponentially picking up the pace of deal-making in this unique space.
Other resource companies to watch:
Piedmont Lithium (NASDAQ: PLL)
Piedmont Lithium is a development-stage company focused on establishing a fully integrated lithium hydroxide business in the United States. Their core operation centers around the Carolina Tin-Spodumene Belt in North Carolina, a region with a history of lithium production. Piedmont aims to be a key supplier of lithium hydroxide, a crucial component in electric vehicle batteries and energy storage systems, to the burgeoning U.S. market.
This company matters because they are addressing a critical need for domestically sourced lithium. The U.S. currently relies heavily on imports for its lithium supply, creating potential vulnerabilities in the supply chain. Piedmont’s operations contribute to a more secure and resilient domestic supply of this essential mineral, which is vital for the production of advanced batteries used in defense applications such as electric vehicles, drones, and communication systems.
Vale S.A. (NYSE: VALE)
Vale S.A. is a Brazilian multinational corporation and one of the world’s largest producers of iron ore and nickel. Iron ore is a key ingredient in steelmaking, while nickel is a crucial component in stainless steel and various alloys used in aerospace, defense, and other high-performance applications. Vale operates globally, with significant mining and production facilities in Brazil.
Vale’s commitment to sustainable mining practices and social responsibility is also noteworthy. The company has implemented various initiatives to reduce its environmental impact, promote biodiversity, and support local communities.
Uranium Energy Corp (NYSE American: UEC)
Uranium Energy Corp is a U.S.-based uranium mining and exploration company with a focus on in-situ recovery (ISR) mining projects in Texas, Wyoming, and New Mexico. ISR mining is a less invasive and more environmentally friendly method of uranium extraction compared to traditional open-pit mining. Uranium Energy Corp has a portfolio of permitted and development-stage ISR projects, positioning them to be a significant contributor to the U.S. uranium supply.
This company is important because they are contributing to the revitalization of the U.S. uranium mining industry. After a period of decline, the U.S. is increasingly recognizing the importance of securing a domestic supply of uranium for both energy security and national security purposes.
MP Materials (NYSE: MP)
MP Materials owns and operates Mountain Pass, the only integrated rare earth mining and processing site in North America. Rare earth elements are essential for a wide range of technologies, including defense applications such as guidance systems, lasers, and radar. MP Materials’ role in securing a domestic supply of these critical minerals is vital for reducing dependence on foreign sources, particularly China, which currently dominates the rare earth market.
The concentration of rare earth production in China poses a potential risk to national security, as it creates a vulnerability to supply chain disruptions or geopolitical tensions. MP Materials’ operations at Mountain Pass contribute to diversifying the rare earth supply chain and ensuring that the U.S. has access to these critical materials for its defense needs. This reduces reliance on potentially adversarial nations and strengthens the resilience of the U.S. defense industrial base.
Compass Minerals International (NYSE: CMP)
based in Overland Park, Kansas, is a leading provider of essential minerals, including salt, sulfate of potash, magnesium chloride, and even sustainable lithium. The company’s diversified product mix serves a wide range of markets, including agriculture, consumer deicing, water conditioning, and various industrial applications.
Beyond its current offerings, Compass Minerals is investing in new technologies and methods to enhance the efficiency and environmental sustainability of its operations. The company’s focus on innovation is particularly evident in its approach to lithium extraction, where it aims to capitalize on the growing demand in the electric vehicle market. This strategic direction not only diversifies their portfolio but also positions Compass Minerals as a key player in the transition to a more sustainable global economy.
**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**
Forward-Looking Statements
This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. The forward-looking statements in this publication are based on current expectations and assumptions about future events, geopolitical developments, trade policies, market conditions, the company’s strategic initiatives to address the critical shortage of antimony, and current expectations, estimates, and projections about the industry and markets in which the company operates. Factors that could change or prevent these statements from coming to fruition include, but are not limited to, the potential impact of Trump’s victory in the U.S. elections on various industries and specific companies, changes in government policies, market conditions, regulatory developments, geopolitical events and the company’s ability to successfully acquire and develop new antimony resources and fluctuations in antimony prices. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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Fintech PR
RADIUS GLOBAL INFRASTRUCTURE, INC. APPOINTS BENJAMIN LOWE AS CHIEF FINANCIAL OFFICER
BALA CYNWYD, Pa., Nov. 26, 2024 /PRNewswire/ — Radius Global Infrastructure, Inc. has announced the appointment of Benjamin Lowe as Chief Financial Officer, effective December 2, 2024. The announcement was made by Scott G. Bruce, Chief Executive Officer of Radius Global Infrastructure, Inc.
In his new role, Mr. Lowe will lead the company’s financial operations, including treasury, accounting, financial planning and analysis, and tax functions. He succeeds Glenn J. Breisinger, who will retire and step down as Chief Financial Officer of Radius. Mr. Breisinger will remain with the company during the transition through the first quarter of 2025. Mr. Lowe will report directly to Mr. Bruce and collaborate closely with him and the senior management team on critical strategic initiatives. He will be based at the company’s headquarters in Bala Cynwyd, Pennsylvania.
“Ben has proven leadership and expertise in all facets of finance and corporate management and brings a wealth of financial, transactional and operational experience with many forms of digital infrastructure, which will be invaluable to Radius,” Mr. Bruce said. “We are pleased to welcome him to the team and look forward to his contributions as a key member of our senior leadership group.”
Mr. Lowe joins Radius Global Infrastructure, Inc. from Crown Castle, where he built a successful career, holding the position of Senior Vice President, Corporate Finance and Treasurer. In addition to his financial leadership roles, he held an operational position as Vice President of Leasing and Real Estate Operations. Mr. Lowe holds a Bachelor of Arts in Economics and a minor in Political Science from Lenoir-Rhyne University.
About Radius Global Infrastructure, Inc.
Radius is a leading acquirer of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets. With over 11,000 lease streams spanning 23 countries, it is one of the largest international real property acquirers globally. Radius is a portfolio company of EQT Active Core Infrastructure SCSp and the Public Sector Pension Investment Board. More information about Radius Global Infrastructure, Inc. is available at https://www.radiusglobal.com.
Media Inquiries:
Marlyn García
Vice President, Marketing
Email: [email protected]
Phone: (619) 359-3925
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Fintech PR
Miami International Holdings Congratulates Markets Media Women in Finance Award Recipients Barbara Comly and Kelli Annequin
MIAMI and PRINCETON, N.J., Nov. 26, 2024 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced that Barbara Comly, Executive Vice President, General Counsel and Corporate Secretary, and Kelli Annequin, Senior Vice President and Chief Marketing Officer, were recognized at Markets Media Group’s 10th-annual U.S. Women in Finance (WIF) Awards.
Ms. Comly received the Excellence in Regulation award, an acknowledgement of her deep expertise in exchange regulation and corporate finance, which have proved invaluable as MIH has expanded the number of exchanges it operates through both regulatory approvals and multiple acquisitions.
“I am honored to be selected by Markets Media for the Excellence in Regulation award, providing me an opportunity to represent women pursuing their passions and making an impact in the financial industry,” said Ms. Comly. “MIH has a strong history of providing growth opportunities for all employees and I am fortunate to represent a company with core values focused on advancement for everyone.”
Ms. Annequin won the Excellence in Marketing and Communications award for directing the expansion of marketing and advertising activities for MIAX®. Since joining MIH, she has led a number of campaigns including programs focusing on the launch of MIAX Sapphire™, MIH’s newest options exchange, and the renaming and rebranding of Minneapolis Grain Exchange, LLC (MGEX) to MIAX Futures Exchange, LLC (MIAX Futures™).
“I want to thank Markets Media for highlighting the achievements of women in our industry,” said Ms. Annequin. “It’s an honor to be recognized among such an esteemed group of professionals. MIH is a leader in providing opportunities for its employees and I am grateful to be part of a management team that embraces these values which contribute to our dynamic and inclusive culture.”
“We are incredibly proud to celebrate this achievement with Barbara and Kelli as they pave the way for future generations of women in our industry,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “Barbara has been with MIH since its inception and her legal and regulatory expertise has been critical to the success of all our exchanges, as well as the growth of the company. We are also fortunate to have Kelli on our team, as her strategic insights and marketing acumen are significantly raising the profile of MIAX in our industry.”
Since 2015, Markets Media Group’s WIF Awards recognize and celebrate the most talented and accomplished women in multiple categories across finance. WIF nominees are put forth by readers of Markets Media and Traders Magazine, and winners are determined by the editorial staffs of the two U.S. editorial platforms, in conjunction with the WIF Advisory Board.
About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX Sapphire™), MIAX Futures Exchange, LLC (MIAX Futures™), MIAX Derivatives Exchange (MIAXdx™), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).
MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all four exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism.
MIAX Futures is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures. MIAX Futures is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.
MIAXdx is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Swap Execution Facility (SEF) with the CFTC.
BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.
Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.
MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Chicago, IL and Miami, FL. MIAX Futures offices are located in Minneapolis, MN. MIAXdx offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.
To learn more about MIAX visit www.miaxglobal.com.
To learn more about MIAX Futures visit www.miaxglobal.com/miax-futures.
To learn more about MIAXdx visit www.miaxdx.com.
To learn more about BSX visit www.bsx.com.
To learn more about Dorman Trading visit www.dormantrading.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.
Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]
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Fintech PR
PHARMANUTRA S.P.A.: DISTRIBUTION AGREEMENT FOR SIDERAL® PRODUCTS SIGNED IN CANADA
The contract signed with Sigma Lifesciences consolidates the presence of the Italian company in North America, where its subsidiary PharmaNutra USA Corp. is already active
PISA, Italy, Nov. 26, 2024 /PRNewswire/ — The Board of Directors of PharmaNutra S.p.A. (MTA; Ticker PHN), a company specialized in nutritional supplements based on minerals and medical devices for muscles and joints, announces the closing of a new significant international distribution agreement.
The contract has been signed with the Canadian pharmaceutical company Sigma Lifesciences, which is active in the production and distribution of health products, for the sale of four products in Canada, adding to the over 80 countries where the company founded in 2003 by Andrea and Roberto Lacorte is already present.
Specifically, Sigma Lifesciences will handle the distribution in Canada of SiderAL® Forte, SiderAL® Folic, and SiderAL® Drops, dietary supplements based on Sucrosomial® Iron, developed using the patented Sucrosomial® Technology, an innovative delivery system that protects the molecules of micronutrients like iron, enhancing absorption and improving tolerability.
As part of the marketing plan for SiderAL® products, scheduled for the second quarter of 2025 with the launch of SiderAL® Forte, SiderAL® Folic, and SiderAL® Drops,a training session for the Sigma Lifesciences team was held last week in Toronto, conducted by the Scientific and Commercial Management of PharmaNutra. During this event, one Focus Groups took place with more than thirty Canadian pharmacists and doctors from various therapeutic areas – Gynecology, Hematology, Internal Medicine and Oncology – aimed at developing the knowledge of Sucrosomial® Technology and understanding the specific needs of the local market.
In addition to the three SiderAL® products – leaders in the market for oral iron products in many countries – Ultramag®, a dietary supplement based on Sucrosomial® Magnesium, will also be part of Sigma Lifesciences’ product portfolio.
Either Ultramag® and the SiderAL® products – Forte, Folic, and Drops – have received official registration from Health Canada for commercialization in the country.
Carlo Volpi, COO of PharmaNutra S.p.A., states: “The agreement with Sigma Lifesciences is very important from several perspectives, starting with the fact that with Canada we complete our presence in North America. We are talking about a market with considerable potential, so we are truly confident about the impact that our products, based on innovative patented technologies, can have in the region. The contribution of our partner, Sigma Lifesciences, a renowned and relevant player, will play a crucial role in the development of our business in Canada“.
CONTACT:
Investor Relations Pharmanutra , 050 7846500, [email protected]
Emanuel Richelmy, Pharmanutra, +39 391 7310645, [email protected]
Cristina Tronconi, +39 346 0477901, [email protected]
Matteo Russo, +39 347 9834881, [email protected]
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