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Rare Earths Stocks: 9 Biggest Companies

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Rare earth elements (REEs) are crucial for technologies like smartphone cameras and defense systems.

A select few from the group of 17 are also vital to the expanding electric vehicle industry — neodymium and praseodymium are used in permanent magnet synchronous motors used in EV drive trains.

China’s dominance in rare earth production and reserves has prompted countries like the US, Canada and Australia to boost their own mining and processing efforts to secure their supply chains. The pressure on these nations to establish strong supply chains is likely to grow when a US tariff on imports of Chinese rare earth magnets begins in 2026.

The 25 percent tariff, announced by the US government in May 2024, aims to both protect American industries from China’s trade practices and support domestic production. One form of magnets the tariffs will affect is sintered neodymium-iron-boron (NdFeB) magnets, crucial for electric vehicle motors and wind turbines.

This marks the first time rare earth magnets are included in Section 301 tariffs, signaling a significant move in the US-China trade conflict. The initiative is part of broader efforts to bolster US energy and national security.

Meanwhile, the EU is also seeking to reduce its reliance on Chinese rare earths through a new law enacted in May, which aims to significantly boost domestic production of critical minerals, including rare earths, by 2030.

In early July, China’s State Council introduced new regulations to tighten control over the country’s rare earth resources and secure its supply chain. Taking effect on October 1, 2024, these new rules impose strict oversight on the mining, smelting and trading of rare earth elements. They also ban the export of technology for extracting and separating rare earths as well as for making rare earth magnets.

US rare earths stocks

To circumvent Chinese tariffs, the US is striving to secure a stable domestic supply of REEs outside China. The US has vast rare earths reserves and is the second largest global REE producer thanks to its sole operating mine, Mountain Pass. However, it currently lacks sufficient processing facilities. American rare earth companies are working to address this imbalance, presenting investment opportunities for those looking to capitalize on the market’s growth potential.

Learn more about MP Materials, Energy Fuels and NioCorp Developments, the three largest US rare earths stocks by market cap, below.

1. MP Materials (NYSE:MP)

Company Profile

Market cap: US$2.9 billion
Share price: US$17.54

MP Materials, the largest producer of rare earths outside China, focuses on high-purity separated neodymium and praseodymium (NdPr) oxide, heavy rare earths concentrate, lanthanum, and cerium oxides and carbonates.

The company went public in mid-2020 after acquiring the Mountain Pass mine in California, the only operational US-based rare earths mine and processing facility. In Q3 2023, MP Materials began producing separated NdPr, marking a significant milestone. The company plans to increase rare earth oxide production by 50 percent within four years.

In April, MP Materials was awarded US$58.5 million to support the construction of the first fully integrated rare earth magnet manufacturing facility in the US. This funding, part of the Section 48C Advanced Energy Project tax credit, was granted by the IRS and Treasury following a selection process that evaluated around 250 projects based on their technical and commercial viability, as well as their environmental and community impact.

Located in Fort Worth, Texas, the facility will produce the NdFeB magnets crucial for EVs, wind turbines and defense systems. The company is targeting commercial production by late 2025. MP Materials will source raw materials from its Mountain Pass mine, creating an end-to-end supply chain with integrated recycling.

During the second quarter of 2024, MP reported that NdPr production more than doubled quarter-over-quarter to 272 metric tons. The company expects that output will increase a further 50 percent in the third quarter.

2. Energy Fuels (NYSEAMERICAN:UUUU,TSX:EFR)

Press ReleasesCompany Profile

Market cap: US$914.91 million
Share price: US$5.59

Energy Fuels is a leading US uranium and rare earths company that operates key uranium production centers including the White Mesa mill in Utah and the Nichols Ranch and Alta Mesa projects in Wyoming and Texas.

The company finished the construction of Phase 1 REE separation infrastructure at White Mesa in early 2024, and in June it reported the successful commercial production of separated neodymium-praseodymium that meets the specifications required for REE-based alloy manufacturing.

According to the company, it believes it is the first US company in decades to achieve commercial-scale, on-spec rare earths separation from monazite. The Phase 1 REE separation circuit was completed under budget and is now operating at full capacity. Energy Fuels anticipates commercial production of 850 to 1,000 metric tons of NdPr per year, making it one of the largest outside China.

Additionally, the mill will produce a heavy REE concentrate for pilot-scale tests to potentially develop commercial dysprosium and terbium separation facilities in the future.

Energy Fuels has also made moves to secure sources of monazite sand to process at its White Mesa mill. In 2023, the company acquired the Bahia project in Brazil to potentially supply 3,000 to 10,000 MT of REE-bearing monazite sand annually.

In early June 2024, Energy Fuels executed a joint venture with Astron (ASX:ATR) for Astron’s Donald rare earth and mineral sands project in Victoria, Australia, of which Energy Fuels now has the option to earn 49 percent. After garnering shareholder approval, the joint venture was finalised in late September. Donald is expected to begin production as early as 2026 and supply the White Mesa mill with 7,000 to 8,000 MT of monazite sand in rare earth concentrate annually in Phase 1, with plans to expand output in subsequent phases.

Adding to its rare earth roster, Energy Fuels announced plans to acquire Australian mineral sands company Base Resources (ASX:BSE) in September.

Commenting on the deal and the new assets, Energy Fuels CEO Mark Chalmers highlighted the rare earth portfolio potential. “The Toliara, Bahia and Donald projects are expected to become large-scale, world-class, and low-cost heavy mineral sand projects in the coming years, producing titanium, zirconium and rare earth minerals,” he said.

3. NioCorp Developments (NASDAQ:NB)

Press ReleasesCompany Profile

Market cap: US$77.32 million
Share price: US$2.00

NioCorp Developments is advancing its Elk Creek project in Nebraska, a leading critical minerals venture featuring North America’s highest-grade niobium deposit under development, with significant scandium production capacity. An updated 2022 feasibility study highlighted extended mine life, improved ore grades and enhanced economics for niobium, scandium and titanium.

Recent metallurgical testing has demonstrated the ability to produce high-purity magnetic rare earth oxides at a recovery rate of 92 percent or higher. These results will inform an updated feasibility study, expected in 2024, incorporating rare earth elements into the project’s mineral reserves.

In April, the company delisted from the TSX due to significantly lower trading volumes than its NASDAQ listing.

A day later, NioCorp announced plans to explore the feasibility of integrating the recycling of permanent rare earth magnets into its proposed Elk Creek critical minerals project in Southeast Nebraska. An assessment will be undertaken to better understand the technical and commercial viability of recycling post-consumer neodymium-iron-boron magnets back into separated rare earth oxides, which can then be utilized in the production of new NdFeB magnets.

The initial phase of this investigation will involve bench-scale testing, with potential progression to demonstration-scale testing based on results. Notably, this initiative will be conducted independently of NioCorp’s ongoing efforts to update its Elk Creek project’s feasibility study.

In May, the company shared the results of a scoping study focused on using a Railveyor system to electrify the Elk Creek mine, which the study found could cut costs, shorten the timeline to full commercial production and lower the mine’s carbon footprint. The system would deliver ore to processing facilities using a narrow-gauge light rail system.

In the preliminary fiscal year financial results released on August 26, NioCorp reported a net loss of US$11.395 million, or US$0.30 per share. The results for the period ending June 30, 2024, marked a year-over-year improvement compared to the previous fiscal year’s loss of US$40.08 million, or US$1.34 per share.

Canadian rare earths stocks

As part of Canada’s Critical Minerals Strategy, the government has allocated C$3.8 billion in federal funding for opportunities across the critical minerals entire value chain, from exploration to recycling. Rare earth elements are among the minerals listed as critical.

Additionally, the government designated C$7.5 million in funding to support the establishment of a rare earths processing facility in Saskatoon, Saskatchewan. In mid-September, the Saskatchewan Research Council (SRC) announced that the facility reached commercial-scale production, making it the first in North America to achieve this milestone.

Currently, the facility produces 10 metric tons of neodymium-praseodymium metals per month. The SRC plans to increase monthly production to 40 MT by December, with an annual goal of 400 MT by early 2025.

Learn about Aclara Resources, Ucore Rare Metals and Mkango Resources, the three largest Canada-listed rare earths stocks by market cap, below.

1. Aclara Resources (TSX:ARA)

Press ReleasesCompany Profile

Market cap: C$83.2 million
Share price: C$0.49

Aclara Resources is advancing its Penco Module project in Chile, characterized by ionic clays abundant in heavy rare earths. Their objective is to generate rare earths concentrate utilizing an environmentally friendly extraction process. This approach aims to eliminate the need for a tailings facility, minimize water consumption and ensure the absence of radioactivity in the final product.

Additionally, the company discovered its Carina Module project in 2023, and in December disclosed an initial inferred resource for the project, encompassing approximately 168 million MT with a grade of 1,510 parts per million total rare earth oxides and 477 parts per million desorbable rare earth oxides.

Aclara successfully concluded its semi-industrial pilot plant program for the Penco Module in September 2023, yielding 107 kilograms of wet high-purity heavy rare earth concentrate from 120 MT of ionic clays. Full-scale production at the Penco Module is slated to commence in the second quarter of 2027.

On March 1, Aclara received its second patent for an innovative process to extract heavy rare earths from ionic clays in an environmentally friendly manner. The patent, granted in Chile and valid for 20 years, focuses on the circular mineral harvesting process and establishes a fully enclosed flowsheet. The company submitted a new environmental impact assessment for its Penco Module project in June that features an improved design addressing environmental and social concerns.

Aclara and Vacuumschmelze, also known as VAC, penned a memorandum of understanding in early July to jointly pursue a ‘mine-to-magnets’ solution for ESG-compliant permanent magnets. The non-binding agreement aims to meet the rising demand for electric vehicles and clean technologies, addressing the limited and Asia-centric supply of rare earth minerals. The partnership seeks to develop a resilient, ESG-focused supply chain for these critical components.

In an August update, Aclara announced that the Environmental Impact Assessment (EIA) for its Penco Module project was moving to the next approval stage.

Later in the month Aclara signed a memorandum of understanding with the State of Goiás and Nova Roma to expedite the Carina Module project, emphasizing its importance for local development and Brazil’s critical minerals supply. This was followed by the release of an updated preliminary economic assessment for the Carina Module featuring initial capital costs of US$593 million and sustaining capital costs of US$86 million.

2. Ucore Rare Metals (TSXV:UCU)

Company Profile

Market cap: C$37.11 million
Share price: C$0.60

Ucore Rare Metals is focused on the exploration and separation of rare earth elements in Canada and the US. The company owns the Bokan-Dotson Ridge rare earths project in Alaska and is developing a strategic metals complex for processing heavy and light rare earths in Louisiana. Ucore acquired an 80,800 square foot brownfield facility in Alexandria, Louisiana, for developing its first commercial REE processing facility in January.

In Canada, Ucore’s Ontario-based RapidSX demonstration plant, operated by Kingston Process Metallurgy, was commissioned to evaluate the techno-economic advantages, scalability and commercial viability of the RapidSX technology platform for separating and producing REEs like praseodymium, neodymium, terbium and dysprosium. This initiative was supported by a US$4 million award from the US Department of Defense, granted to Ucore’s subsidiary, Innovation Metals, to demonstrate the capabilities of the plant.

In late April, Ucore reported that it tested a mixed rare earth carbonate from Defense Metals’ Wicheeda project and confirmed it was suitable for commercial-scale processing at Ucore’s planned facilities. According to the release, ‘(Wicheeda) is a source of material that can become a fundamental economic and technical component to Ucore’s plan of developing multiple SMC’s across North America.’

On July 9, Ucore announced the execution of a non-binding memorandum of understanding with Cyclic Materials that aims to to qualify Cyclic’s recycled rare earth oxide product in Ucore’s process. This will start with the use of initial trial quantities of Cyclic’s supply to support Ucore’s rare earth demonstration program at its RapidSX facility. Additionally, the agreement positions Cyclic Materials as a potential long-term source for Ucore’s planned facilities in the US and Canada.

In mid-August Ucore and Meteoric Resources (ASX:MEI) signed a memorandum of understanding for Meteoric to supply 3,000 MT of total rare earth oxides from its Caldeira rare earth ionic clay project in Brazil to Ucore’s Louisiana strategic metals complex.

A similar deal was established with Australia’s ABx Group (ASX:ABX) in early September. The agreement will see ABx supply Ucore with mixed rare earth carbonates from its ionic adsorption clay rare earth resource in Northern Tasmania.

3. Mkango Resources (TSXV:MKA)

Press ReleasesCompany Profile

Market cap: C$31.69 million
Share price: C$0.12

Mkango is positioning itself to be a leader in the production of recycled rare earth magnets, alloys and oxides via its 79.4 percent stake in Maginito with partner CoTec Holdings. Mkango also has mineral assets, including the advanced Songwe Hill rare earths project in Malawi.

Mkango’s mineral assets include the previously mentioned advanced Songwe Hill rare earths project in Malawi, which is targeting neodymium, praseodymium, dysprosium and terbium, and its Pulawy rare earths separation project in Poland. It also holds a diverse exploration portfolio in Malawi that host resources such as rare earths, uranium, tantalum and niobium.

At the end of July, Mkango’s wholly owned subsidiaries and the government of Malawi signed a mining development agreement for the Songwe rare earth project confirming the fiscal terms for its development, including a 10 percent interest to Malawi’s government and exemption from custom and excise duties imports and exports.

Maginito owns HyProMag, a firm focusing on rare earth magnet recycling at the Tyseley Energy Park in Birmingham, UK. HyProMag is also the licensee of the Hydrogen Processing of Magnet Scrap (HPMS) process, which demagnetizes and liberates rare earth magnets from scrap.

A pilot plant using a long-loop recycling process underpinned by the HPMS process was just commissioned in July, and commercial operations are anticipated to start in Q1 2025. Additionally, Maginito is expanding HyProMag’s recycling technology to the US through the joint venture HyProMag USA, with a feasibility study underway.

In early June, Mkango announced that HyProMag has entered a non-binding memorandum of understanding with Envipro Holdings, a Japanese recycling and materials trading company, to develop rare earth magnet recycling initiatives in Japan and the UK, including marketing and potentially development of its HyProMag technology in Japan, as well as scrap recycling trials in both countries.

In an August update, Mkango reported that HyProMag will receive 350,125 euros to develop its eco-friendly NeoLeach technology, which will further upgrade metals recovered with HPMS. The funding is part of the 8 million euro GREENE project by the European Commission’s Horizon Europe Programme, aiming to improve the resource efficiency and performance of rare earth permanent magnets.

In early October, Mkango and HyProMag secured 218,932 pounds in government grants for recycling strategies under the Innovate UK initiative to advance its recycling routes.

Australian rare earths stocks

Australia ranks among the globe’s top rare earths producers and possesses the fifth largest reserves of these minerals. The nation is notable for hosting the largest supplier of rare earths outside of China, which also holds the highest market capitalization among Australian rare earths companies.

Learn more about Lynas Rare Earths, Iluka Resources and Arafura Resources, the three largest ASX-listed rare earths stocks focused stocks by market cap.

1. Lynas Rare Earths (ASX:LYC)

Company Profile

Market cap: AU$7.37 billion
Share price: AU$7.80

Lynas Rare Earths is the leading separated rare earths producer outside of China, with operations in Australia, Malaysia and the US. In Western Australia, Lynas operates the Mount Weld mine and concentrator and is ramping up processing at its Kalgoorlie rare earth processing facility.

In mid-2023, Lynas received AU$20 million from the Australian government’s Modern Manufacturing Initiative. This funding supports the Apatite leach circuit project at Lynas’ Kalgoorlie facility. The company marked a pivotal moment in December when the Kalgoorlie facility achieved its first production milestone, signaling the transition from commissioning to full-scale operation.

Additionally, Lynas is working to establish a light rare earths processing facility and a heavy rare earths separation facility in Texas, US. These initiatives not only bolster Lynas’s position but also strengthen the rare earths industry in both Australia and the US.

The company processes mined material at its separation facility in Malaysia. In the March 2024 quarter, Lynas reported strong production rates, including 1,724 metric tons of NdPr, following successful ramp-up efforts in Malaysia. Despite a challenging market with low NdPr prices averaging US$47 per kilogram, quarterly sales revenue reached AU$101.2 million.

In late June, Lynas announced plans to begin production of separated dysprosium and terbium products at its Malaysian operations in the 2025 calendar year.

In August, Lynas reported a 92 percent increase in mineral resources and a 63 percent rise in ore reserves at its Mount Weld site. Mineral resources have expanded from 55.4 million to 106.6 million MT at 4.12 percent total rare earth oxides, while ore reserves have grown from 19.7 million to 32 million MT at 6.44 percent.

The new estimates include significant increases in contained heavy rare earth elements and support a mine life of over 20 years at expanded production rates. Additionally, stored tailings were added to the ore reserves as the operations have the ability to reprocess them to recover additional rare earth minerals.

In its full year fiscal results 2024, Lynas reported an AU$226 million decline in net profit after tax. Company CEO Amanda Lacaze attributed the decrease to a challenging market, lower production tallies and upgrading downtime.

“Whilst NdPr production decreased by 8 percent, in a year when we undertook a major works program at Lynas Malaysia, total costs reduced by 17 percent in FY24 vs FY23, a reflection of the continued focus on capturing efficiencies across the business,” she wrote.

2. Iluka Resources (ASX:ILU)

Company Profile

Market cap: AU$2.91 billion
Share price: AU$6.82

Iluka Resources is advancing its Eneabba rare earths refinery in Western Australia with significant backing from the Australian government, which aims to bolster the country’s footprint in the global rare earths market by tapping into its abundant reserves. The company also owns zircon operations in Australia, including Jacinth-Ambrosia, the world’s largest zircon mine.

Iluka secured an AU$1.25 billion non-recourse loan for Eneabba under the AU$2 billion Critical Minerals Facility administered by Export Finance Australia. This funding will support the development of a fully integrated refinery capable of producing both light and heavy separated rare earth oxides. The facility will process material from Iluka’s own feedstocks and third-party suppliers, with initial production expected to commence by 2025.

Additionally, Iluka is progressing its Wimmera project in Victoria, focusing on mining and beneficiation of fine-grained heavy mineral sands in the Murray Basin. This project aims to supply zircon and rare earths over the long term. A definitive feasibility study for Wimmera is scheduled for completion by the end of 2025.

In the company’s Q2 quarterly results, Iluka noted that Q2 activity at Eneabba included the ‘progression of major engineering packages, conclusion of camp accommodation works and preparation for commencing the next phase of site works.’

On August 21, Iluka released its half year results, which included a AU$106 million revenue decrease compared to the first half of 2023. The company pointed to global macroeconomics, operational and market discipline and capital investments for the reduction.

3. Arafura Resources (ASX:ARU)

Company Profile

Market cap: AU$418.93 million
Share price: AU$0.17

Arafura Resources, an Australian rare earths firm, has secured government funding to advance its Nolans rare earths project in the Northern Territory. Arafura is currently working towards a final investment decision for Nolans, which is shovel ready.

Nolans is envisioned as a vertically integrated operation with on-site processing facilities. A 2022 mine report updates Nolans’ expected lifespan to 38 years, targeting an annual production capacity of 4,440 MT of NdPr concentrate. The project’s definitive feasibility study highlights significant concentrations of neodymium and praseodymium, alongside all other rare earths in varying quantities.

Arafura has inked a binding offtake agreements with Hyundai Motors (KRX:005380), Kia (KRX:000270), and Siemens Gamesa Renewable Energy. Additionally, the company has a non-binding memorandum of understanding with General Electric Company’s (NASDAQ:GE) GE Renewable Energy to collaborate on establishing sustainable rare earths supply chains.

In its update for the June quarter, Arafura noted that it had secured conditional approval for over US$1 billion in debt funding for the Nolans project. With safety preparations underway, Arafura is nearing a final investment decision and is set to begin construction once financing is finalized.

In a late August press release, Arafura announced the signing of a memorandum of understanding with Canada’s Saskatchewan Research Council (SRC) to process rare earths from Arafura’s Nolans project into dysprosium and terbium oxides at SRC’s facility in Canada. The collaboration aims to support global supply chain diversification for energy transition technologies.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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PAM Secures A$35 Million Capital Commitment Agreement Commitment Positions PAM to Deliver Significant Project Outcomes Company to be re-named Flagship Minerals Limited

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Battery and critical metals explorer and developer, Pan Asia Metals Limited (ASX: PAM) (“PAM” or ”the Company”) is pleased to advise that it has entered into a binding Capital Commitment Agreement (“Facility”) with New York based Global Emerging Markets Group for a 4 year $35 million equity investment commitment, providing PAM with a reliable source of equity funding to see it through to JORC Resource and Pre-Feasibility at its Rosario Copper and Tama Atacama Lithium projects.

Highlights

  • 4 Year $35 Million equity investment via Capital Commitment Agreement (Facility) secured.
  • Facility with Global Emerging Markets Group, a $3.4 billion alternative assets management group.
  • Facility significantly reduces PAM’s capital raising risks but maintains PAM’s capital raising flexibility.
  • Facility structured to incentivise GEM to build value in PAM, with equity commitments at fixed pricing reflecting traditional capital raising structures.
  • Facility potentially funds PAM through to Resource and Preliminary Feasibility at Rosario Copper and Tama Atacama Lithium Projects.
  • PAM will seek shareholder approval to rename the Company ‘Flagship Minerals Limited’.

Pan Asia Metals’ Managing Director, Paul Lock, commented:

“We have been working on this Capital Commitment Agreement with GEM for several months and have found the GEM team constructive and collegiate. The facility provides PAM a pathway to Resource definition and pre-feasibility at both the Rosario Copper and Tama Atacama Lithium projects, as well as working capital for the Company’s other needs. I am also pleased to put forward to our shareholders a proposal for a company name change to Flagship Minerals Limited. We are seeking the name change as we have noticed confusion from investors regarding the Company’s geographic focus.”

The Company will also seek shareholder approval to be renamed Flagship Minerals Limited. The name change marks a break in PAM’s exclusive geographic focus on Asia.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world, having completed over 570 transactions in 70 countries. GEM’s investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum. Each investment vehicle has a different degree of operational control, risk-adjusted return and liquidity profile, providing GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities (PIPE’s) and select venture investments.

The GEM Facility will be primarily employed for Resource definition and preliminary feasibility work at the Company’s Rosario Copper and Tama Atacama Lithium projects. The GEM facility also positions PAM to undertake strategic acquisitions, should appropriate opportunities present.

The PAM Board is of the opinion that the GEM Facility is a transformative step for the Company, providing a pathway for near and medium term funding requirements but not limiting the Company from meeting its capital requirements from other sources, including traditional equity capital and convertible notes.

Key Terms of the GEM Capital Commitment Agreement

The Capital Commitment Agreement between the Company, GEM Global Yield LLC SCS and GEM Yield Bahamas Limited, provides the Company the option, but not the obligation, to draw down up to an aggregate $35 million at any point during the 4 year term of the Facility, subject to certain conditions, including the provision of a drawdown notice to commence a 15 trading days pricing period, with the subscription price being 90% of the higher of:

a. The average closing bid price of PAM shares as quoted by ASX over the pricing period; or

b. A fixed floor price nominated by PAM equal or higher than the closing price immediately preceding the Capital Call; and

the Company’s shares are continuously quoted on ASX during the 15 days prior to the Capital Call. The quantum of the first 3 drawdowns can be for up to $1.5 million each and the following 3 for up to $5 million each for up to an aggregate $19.5 million. The remaining drawdowns and outstanding Facility after the initial 6 drawdowns are limited to 700% of the daily trading volume and GEM may opt to subscribe for 50% to 200% of the drawdown face value provided that any issue of Shares to GEM (or its nominee) would not be a breach of any law or the ASX Listing Rules, including GEM breaching the 19.9% threshold of issued Shares held.

The Company will pay GEM a fee of 2% of the Capital Commitment of $35 million, or A$700,000, within 12 months, exclusive of GST, which is payable in cash and/or shares at the Company’s election. The Company will also issue GEM with 2 tranches of 10 million 5 year call options with a strike price of 12.5c and 20c and expiring 5 years from issue, subject to Shareholder approval.

Click here for the full ASX Release

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QUIMBAYA GOLD TO ATTEND THE 2025 VANCOUVER RESOURCE INVESTOR CONFERENCE

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Quimbaya Gold Inc. (CSE: QIM) (‘ Quimbaya ‘ or the ‘ Company ‘) is pleased to announce its participation in the upcoming 2025 Vancouver Resource Investment Conference (the ‘VRIC’) in Vancouver on January 19-20 2025 . VRIC, is a key event in the junior mining sector for 25 years and draws over 9,000 investors and 300 investment opportunities in the mining sector.

Quimbaya logo (CNW Group/Quimbaya Gold Inc.)

This conference presents an excellent opportunity for Quimbaya to expose early stage discovery investors to its three large scale claim packages in Antioquia, Colombia and to outline its exploration plans for 2025. The conference schedule includes tailored meetings that match investors with appropriate projects, supported by expert analyses and updates on the latest trends in the mining sector.

Investors interested in attending the VRIC can register here: https://cambridgehouse.com/vancouver-resource-investment-conference . Quimbaya invites attendees to visit us at Booth 704 where they will have the opportunity to engage directly with the Company’s management team and learn more about Quimbaya’s exploration activities.

‘We’re excited to join VRIC 2025, one of the premier events for investors and resource enthusiasts,’ said Alexandre P. Boivin President and CEO of Quimbaya Gold.  ‘This conference is our springboard into our most active year ever on our quest to make the next great gold discovery in one of the best gold rich districts on the planet.’

About Quimbaya

Quimbaya is active in the exploration and acquisition of mining properties in the prolific mining districts of Colombia . Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Department, Colombia .

Quimbaya Gold Inc. 
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Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates,’ or variations of such words and phrases or statements that certain actions, events or results ‘may,’ ‘could,’ ‘should’ or ‘would’ or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company’s securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company’s business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/10/c6999.html

News Provided by Canada Newswire via QuoteMedia

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Athena Gold: High-grade Gold Exploration in Ontario and Nevada

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Athena Gold (CSE:ATHA,OTCQB:AHNR) is a gold exploration company advancing its asset in Ontario’s Red Lake Gold Camp in Canada, and its gold discovery project in Nevada’s Excelsior Springs in the US. Operating in two of the world’s safest, tier-one mining jurisdictions, the company aligns itself with the recent trend toward safer, more predictable mining jurisdictions.

The Laird Lake project, encompassing 4,158 hectares in Ontario’s Red Lake Gold District, spans over 10 kilometers of the Balmer-Confederation Assemblage contact, a key geological structure historically hosting major gold deposits, including the renowned Great Bear mine, now owned by Kinross (TSX:K,NYSE:KGC), and Madsen mine, owned by West Red Lake Gold (TSXV:WRLG:,OTCQB:WRLGF).

Assays at Athena GoldMap of Laird Lake project, showing selected assays from the October 2024 sampling program.

Athena Gold is executing a systematic exploration strategy, with plans for a property-wide geochemistry survey in 2025. These efforts aim to identify drill targets for a winter-spring drilling campaign, focusing on high-grade zones and expanding the project’s resource potential.

Company Highlights

  • Athena Gold operates in two of the world’s safest and most prolific mining jurisdictions—Nevada and Ontario—benefiting from established infrastructure, lower geopolitical risk, regulatory stability, and high exploration potential.
  • Flagship Projects – Laird Lake and Excelsior Springs
    • Laird Lake: Situated in Ontario’s Red Lake Gold District, renowned for producing over 30 Moz of gold, with recent sampling identifying bonanza-grade gold up to 373 g/t gold. The project is in a pre-discovery phase.
    • Excelsior Springs: Located in Nevada’s Walker Lane Trend, this project features historical high-grade gold production and recent discoveries, including a Western Slope intercept of 5.35 g/t gold over 33.5 m, with significant open-pit potential.
  • Focused on advancing projects through grassroots exploration and systematic geological work to unlock high-grade deposits.
  • Led by a technical and entrepreneurial team with a track record of delivering value through innovative exploration approaches.
  • A lean and focused share structure with ~25 percent insider ownership ensures alignment with shareholder interests.

This Athena Gold profile is part of a paid investor education campaign.*

Click here to connect with Athena Gold (CSE:ATHA) to receive an Investor Presentation

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CHARBONE Hydrogen Addresses Temporary Service Disruption at Legacy Wolf River Hydropower Plant, Reinforces Focus on Green Hydrogen Production

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(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec, January 10, 2025 TheNewswire – Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s only publicly traded pure-play green hydrogen company, announces a temporary service reduction at its Wolf River Hydro LP (‘Wolf River’) hydropower plant following an equipment failure. An independent third-party hydropower specialist is investigating to determine the scope of repairs required.

Wolf River employees and consultants are ensuring the safety and security of the facility, while collaborating with regulatory bodies and local authorities to monitor and control the water levels of the upstream pond and river, minimizing environmental impacts. Daily updates on water levels and operations will be provided to local stakeholders. Due to current weather conditions, the public is advised to exercise caution when approaching the ice cover.

The Wolf River hydropower plant is one of CHARBONE’s legacy assets. In alignment with its strategy to focus exclusively on green hydrogen production, CHARBONE announced on April 23, 2024, would be selling two hydroelectric projects, including Wolf River. CHARBONE remains committed to pursuing the sale of these assets to generate non-dilutive resources that will advance its green hydrogen plant development portfolio.

‘ T hese legacy hydropower assets have played an important role in CHARBONE’s journey, but as we focus on the construction of our flagship Sorel-Tracy facility and the deployment of 15 additional green hydrogen production plants across North America, their sale aligns with our long-term strategy, ‘ said Dave Gagnon, CEO of CHARBONE, in the April 2024 announcement.

Following the completion of the equipment specialist’s investigation, CHARBONE will evaluate all options for the Wolf River hydropower plant that would align with shareholder interests.

About Charbone Hydrogen Corporation

CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com

Forward-Looking Statements

This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘forward-looking statements’). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

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

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon

Chief Executive Officer and

Chairperson of the Board

Charbone Hydrogen Corporation

Telephone:

+1 438 844-7170

Email:

dg@charbone.com

Daniel Charette

Chief Operating Officer

Charbone Hydrogen Corporation

Telephone:

+1 438 800-4946

Email:

dc@charbone.com

Benoit Veilleux

Chief Financial Officer and Corporate Secretary

Charbone Hydrogen Corporation

Telephone:

+1 438 800-4991

Email:

bv@charbone.com

Copyright (c) 2025 TheNewswire – All rights reserved.

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Charbone Hydrogene resout la perturbation temporaire du service a la centrale hydroelectrique Wolf River et renforce le focus mis sur la production d’hydrogene vert

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(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Québec, le 10 janvier 2025 TheNewswire – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert, annonce une réduction temporaire du service à sa centrale hydroélectrique de Wolf River Hydro LP (« Wolf River ») à la suite d’une panne d’équipement. Un spécialiste indépendant de l’hydroélectricité mène une enquête pour déterminer l’étendue des réparations nécessaires.

Les employés et les consultants de Wolf River assurent la sécurité et la sûreté de l’installation, tout en collaborant avec les organismes de réglementation et les autorités locales pour surveiller et contrôler les niveaux d’eau de l’étang et de la rivière en amont, minimisant ainsi les impacts environnementaux. Des mises à jour quotidiennes sur les niveaux d’eau et les opérations seront fournies aux intervenants locaux. En raison des conditions météorologiques actuelles, il est conseillé au public de faire preuve de prudence à l’approche de la couverture de glace.

La centrale hydroélectrique de Wolf River est l’un des actifs historiques de Charbone. Conformément à sa stratégie de se concentrer exclusivement sur la production d’hydrogène vert, Charbone a annoncé le 23 avril 2024 qu’elle vendrait deux projets hydroélectriques, dont Wolf River. Charbone reste déterminée à poursuivre la vente de ses actifs pour générer des ressources non dilutives qui feront progresser son portefeuille de développement d’usines d’hydrogène vert.

‘ Ces actifs hydroélectriques historiques ont joué un rôle important dans le parcours de Charbone, mais alors que nous nous concentrons sur la construction de notre usine phare de Sorel-Tracy et le déploiement de 15 usines de production d’hydrogène vert supplémentaires en Amérique du Nord, leur vente s’aligne sur notre stratégie à long terme ,’ a déclaré Dave Gagnon, Chef de la direction chez Charbone, dans l’annonce d’avril 2024.

Une fois l’enquête terminée du spécialiste de l’équipement, Charbone évaluera toutes les options pour la centrale hydroélectrique de Wolf River qui s’aligneraient aux intérêts des actionnaires.

À propos de Charbone Hydrogène Corporation

Charbone est une compagnie intégrée de production d’hydrogène vert axé sur la création d’un réseau nord-américain d’usines de production. En utilisant des énergies renouvelables, Charbone produit du dihydrogène (H2) respectueux de l’environnement pour les utilisateurs industriels, institutionnels, commerciaux et de la mobilité future. Charbone est présentement la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert avec ses actions listées sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d’informations sur CHARBONE Hydrogen et ses projets, veuillez visiter www.charbone.com .

Énoncés prospectifs

Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

Contacts

Pour de plus amples informations, veuillez contacter :

Dave B. G agnon

Chef de la direction et président du conseil d’administration

Corporation Charbone Hydrogène

Téléphone bureau: +1 438 844-7170

Courriel: dg@charbone.com

Daniel Charette

Chef de l’exploitation

Corporation Charbone Hydrogène

Téléphone bureau : +1 438 800-4946

Courriel: dc@charbone.com

Benoit Veilleux

Chef de la direction financière et secrétaire corporatif

Corporation Charbone Hydrogène

Téléphone bureau: +1 438 800-4991

Courriel: bv@charbone.com

 

Copyright (c) 2025 TheNewswire – All rights reserved.

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Canadian Markets Steady Amid Trump Tariff Speculation and Renewed Greenland Interest

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Canada’s main stock index gained on Wednesday (January 8), driven by strength in tech and mining stocks.

Investors continue to weigh the impact of potential US trade policy changes under President-elect Donald Trump, as well as his renewed interest in taking ownership of Greenland, an idea he first raised in 2019.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed at 25,049.66, recovering from two consecutive sessions of losses following Justin Trudeau’s resignation as Canadian prime minister on Monday (January 6).

According to CNN, Trump is reportedly considering declaring a national economic emergency so that he can impose widespread tariffs under the International Emergency Economic Powers Act (IEEPA).

The tech sector led gains in Canada, rising 1.8 percent after sharp losses earlier in the week. Mining stocks also supported the index, with the materials group adding 1.7 percent as gold and copper prices strengthened. The sector’s performance was bolstered by expectations that a weaker US dollar could make commodities more attractive globally.

On the other hand, some Canadian exporters and manufacturers remain cautious about the possible tariffs. Concerns have been raised about how universal tariffs might affect industries reliant on cross-border trade with the US.

Market watchers anticipate Trump turmoil

In the US, major indexes continued to rally, led by gains in large-cap tech stocks.

The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) both advanced on Wednesday, reflecting investor optimism despite speculation around Trump’s tariff plans.

The US dollar’s weakness, reversing its recent surge, was another key factor driving gains in equities.

Trump’s actions are drawing comparisons to his first term, when abrupt policy announcements frequently impacted global markets. In 2019, the president-elect invoked IEEPA to threaten tariffs on Mexican imports; however, the move was later withdrawn following a bilateral agreement on immigration measures.

Commodities prices broadly saw gains as the US dollar weakened. For its part, the Canadian dollar remained relatively steady, benefiting from higher commodities prices, but tempered by broader market caution.

Oil prices, however, remained under pressure, with concerns about global demand overshadowing temporary gains in other asset classes. Energy stocks in Canada showed mixed performances.

Trump’s renewed interest in Greenland

As mentioned, markets are also fluctuating in part due to Trump’s renewed interest in Greenland.

In addition to his comments, Donald Trump Jr.’s visit to Greenland this week, described as a personal trip, has drawn attention to the island’s strategic location and resources, including rare earths.

While both Greenland and Denmark have dismissed the possibility of a sale, US interest in Greenland continues to make headlines, particularly regarding its importance for defense and natural resource availability.

Greenland is an autonomous territory of Denmark, and the country’s foreign minister has said Greenland has the right to pursue independence if its residents choose; even so, he rejected the idea that it could become a US state.

The implications of these events were felt as far away as Australia, where shares of ASX-listed Energy Transition Minerals (ASX:ETM,OTC Pink:GDLNF) soared by 36 percent. The company, which owns the Kvanefjeld rare earths project in Southern Greenland, has positioned itself as a player in the global green energy transition.

Trump’s comments have added new momentum to discussions about Greenland’s resource potential, even as the territory remains firm on its stance that it is ‘not for sale.’

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Nova Minerals Converts Debt Facility, Plans Work at Alaska Gold-Antimony Project

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Nova Minerals (ASX:NVA,NASDAQ:NVA) announced on Wednesday (January 8) that it has reached an agreement with Nebari Gold Fund 1 to eliminate its existing convertible debt facility.

The full outstanding balance of US$5.42 million will be converted into ordinary shares, priced at AU$0.25 each.

The deal follows Nova’s sale of its non-core investment in Snow Lake Resources (NASDAQ:LITM) for AU$10.85 million.

According to Nova, Nebari’s intent is to continue in its partner role, now as a supportive shareholder, as Nova works to unlock future value at the Alaska-based Estelle gold and critical minerals project.

“This conversion is a serious vote of confidence by Nebari, which brings us a step closer to realizing our vision which is to concurrently develop Estelle into a tier one gold asset and to help secure a US domestic supply chain for the strategically important mineral antimony,” said Nova CEO Christopher Gerteisen in a release.

After the conversion, Nova will retain all the proceeds of the Snow Lake sale for the development of Estelle. The company said that after the exercise of NASDAQ warrants over the last few ays its cash position stands at AU$16 million.

‘Establishing a domestic source of the critical mineral antimony is more important than ever, and we stand ready to responsibly produce critical resources here at home and help strengthen America’s national and economic security,’ Nova said.

Gerteisen added that the company will continue to work with Nebari in the operational phase of Estelle.

The conversion is set to happen on January 13.

West Red Lake, Lion One working with Nebari

Nebari has also been involved in other transactions over the past few weeks.

Canadian company West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF) announced on January 2 that it has entered into a completed credit agreement with Nebari to borrow up to US$35 million.

The companies first entered into a non-binding term sheet in October 2024.

In addition, gold producer Lion One Metals (TSXV:LIO,OTCQX:LOMLF) entered into an agreement with Nebari to amend certain terms and draw down a further US$4 million of its senior secured financing facility.

The agreement was announced on December 2, 2024, along with the company’s updated financial results.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Top 5 NASDAQ Fintech Stocks (Updated January 2025)

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Fintech, or financial technology, has become an integral part of everyday life, and many US fintech stocks are seeing success.

Firms like Boston Consulting Group and Silicon Valley Bank are projecting growth in the market, and since the fintech umbrella covers such a wide range of companies, diverse businesses can profit as the industry develops.

Read on for a look at the NASDAQ’s best-performing fintech stocks of the year. Data was gathered using TradingView’s stock screener on January 8, 2025, and companies with market caps of at least US$50 million were considered.

1. Sezzle (NASDAQ:SEZL)

Year-over-year gain: 1,241.19 percent
Market cap: US$1.39 billion
Share price: US$248.12

Sezzle is a buy now-pay later (BNPL) fintech company that launched in 2016. Its digital payment platform provides an alternative for millions of consumers with limited access to traditional credit.

Sezzle offers a full-suite of interest-free installment plans at online stores and select in-store locations across the US, Canada and Australia. It is the only BNPL platform in North America to offer credit reporting optionality through its Sezzle Up program, allowing users to build credit.

As of September 2024, Sezzle had an estimated 529,000 active subscribers. Since its inception it has generated US$8.1 billion in underlying merchant sales, and 15 million completed sign ups. The company achieved its first quarter of profitability in November 2022.

Sezzle’s stock increased in value gradually in the first half of 2024 to reach over US$78 per share in early August. After the company released its positive Q2 2024 financials, its share price shot up to US$106.50 on August 8. The report showed that total revenue (less transaction related costs) reached a record high for the quarter, up 71.7 percent year-over-year to US$32.2 million.

The company’s share price continued to climb, hitting US$170.59 by the end of the third quarter. After releasing its stellar Q3 2024 financial report on November 7, which showed total revenue growth up 71.3 percent year-over-year, its stock value skyrocketed from US$250.47 to US$431.48 in one day.

Shares in Sezzle reached their yearly peak of US$464 on November 25, before pulling back to the US$260 range by the end of the year following a critical short report released by Hindenburg Research on December 18.

2. Dave (NASDAQ:DAVE)

Year-over-year gain: 859.06 percent
Market cap: US$1.09 billion
Share price: US$85.26

Dave is a US-based neobank and a pioneer in the fintech space. The company offers digital banking services through its mobile banking app, launched in 2017. Its offerings include the Dave Debit Card through a license from Mastercard, and its ExtraCash cash advance program. Dave partners with Evolve Bank & Trust, an FDIC member.

Dave’s share price has benefited greatly over the past year from the company’s record-setting growth quarter after quarter. In May 2024, its Q1 2024 financial report highlighted record revenue of US$73.6 million, up 25 percent year-over-year. The company’s share price jumped over 12 percent in one day to US$52.30 on May 7.

But it was the company’s Q3 2024 financial report that really rallied the stock. Dave saw its revenues for the quarter rise by 41 percent year-over-year to US$92.5 million, the company’s fourth consecutive quarter of year-over-year revenue growth. In response, the value of the fintech stock surged from US$62.80 to US$90.43 per share. Shares in Dave hit their yearly peak of US$103.96 on December 17.

3. Root (NASDAQ:ROOT)

Company Profile

Year-over-year gain: 600 percent
Market cap: US$1.17 billion
Share price: US$77.42

Founded in 2015, Root is the parent company of Root Insurance Company, which through the Root app brings data science and technology to the auto insurance market. Currently operating in 34 states, it is the largest insurtech company in the United States.

Like the other tech stocks on this list, Root’s share price over the past year has been driven in large part by its excellent quarterly financial performance. After posting its Q4 2023 financials, which included the best bottom-line quarterly results in the company’s history, Root’s share price grew by more than 350 percent from February 21 to US$39.11 on March 1, 2024. The following month, Root’s stock value had more than doubled to US$82.90 on April 5.

The company’s Q3 2024 financials report was also a significant catalyst for the stock. Root achieved net income profitability for the first time in its history on both a quarter-to-date and year-to-date basis. Shares in Root grew by nearly 69 percent from US$40.49 on October 30 to US$68.39 on October 31. The stock reached its yearly peak of US$109.40 on November 21.

4. Robinhood Markets (NASDAQ:HOOD)

Year-over-year gain: 233.14 percent
Market cap: US$36.08 billion
Share price: US$40.81

Robinhood Markets is a California-based fintech company that offers commission-free stock trading and emphasizes “democratizing access to the markets for millions of investors.” On its digital platform, users can trade stocks, options, commodity interests and crypto. In June, the company said it will acquire global cryptocurrency exchange Bitstamp.

Robinhood’s stock had its best quarter of 2024 in Q4. On October 30, the company released its Q3 2024 financials, highlighting its second highest revenues on record (up 36 percent year-over-year to US$637 million). Additionally, its year-to-date net deposits of US$34 billion and year-to-date revenues of US$1.94 billion were both higher than any prior full year period.

In its October 2024 operating data report released on November 11, Robinhood reported funded customers at the end of October were 24.4 million, which was up over 1 million year-over-year. Additionally, assets under custody totaled US$159.7 billion, up 5 percent from September 2024 and up 89 percent year-over-year. The following month, the company reported its November 2024 operating data, which showed funded customers had grown to 24.8 million and assets under custody hit US$195 billion.

Shares in Robinhood grew by more than 66 percent over the fourth quarter to US$37.26 on December 31, 2024. The company’s highest yearly peak came on December 16 at US$43.20.

5. Priority Technology Holdings (NASDAQ:PRTH)

Year-over-year gain: 215.79 percent
Market cap: US$880.06 million
Share price: US$11.40

Priority Technology Holdings is a payments and banking fintech firm that provides services to more than 1.1 million active customers spanning small to medium businesses, business to business and enterprises. Its platform allows for the collecting, storing, lending and sending of money.

Priority is another fintech stock on this list that had a great fourth quarter in 2024. Shares in the company rose 88 percent over the period to reach US$11.75 per share on December 31.

In its Q3 2024 financials, Priority’s reported revenues were up 20.1 percent year-over-year to US$227 million. Adjusted gross profit grew by 18.9 percent to US$86 million over the same period, and its operating income rose 62 percent to US$38.1 million.

Priority’s stock value reached its highest yearly peak of US$12.29 on January 3, 2025.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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Lode Gold Updates US OTC Market Symbol to LODFF

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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold ‘ or the ‘Company’) is pleased to announce it has updated its trading symbol in the US on OTCQB.

The company’s common shares, which were previously traded under the ticker symbol LODFF on the OTCQB, will now be traded on the OTCQX under the same symbol LODFF, starting from December 10th, 2024. Lode Gold Resource will still be trading on the TSX Venture Exchange in Canada under the symbol LOD.V.

No action is required by current shareholders with respect to the ticker symbol change.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km2 and a 42 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 309 km2 package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940’s.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins – in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment(‘ PEA’). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a ‘qualified person’ as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1 (604) 977-4653

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

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.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236682

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