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Prismo Metals to Advance Hot Breccia Toward Drilling Through Strategic Transaction

(TheNewswire)

Secures Equity, Cash, and Ongoing Upside Exposure

Vancouver, British Columbia, February 26th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has entered into a definitive  assignment agreement (the ‘Agreement’) with Blade Resources Inc. (‘Blade’) pursuant to which Prismo has agreed to assign all of its rights, interests and obligations in the Hot Breccia copper project, located  in the heart of the Arizona copper belt (the ‘Transaction’), to Blade. The Transaction is expected to close on or about March 2, 2026, or such other date as the Company and Blade may agree.

In consideration for the Transaction, Prismo will be issued 6,755,000 common shares of Blade and will receive a cash payment of $185,000. Following completion of the Transaction, Prismo will own approximately 24% of Blade’s issued and outstanding shares and will be Blade’s largest single shareholder (see additional early warning disclosure below).

Alain Lambert, CEO of Prismo, commented: ‘In our opinion, Hot Breccia is one of the best copper exploration opportunities in North America. Since optioning the project in January 2023, we have remained committed to advancing it toward drilling. After carefully evaluating our options – including funding a drill program internally, partnering with a major, or joining forces with like-minded explorers – we have concluded that the best way forward for Prismo is the latter hence this partnership with Blade.’ He added: ‘The principals and financial backers of Blade have a long history and strong track record in raising significant capital for exploration programs of the scale required at Hot Breccia.’

Strategic Rationale

The Transaction provides several strategic benefits:

Value Creation: Prismo is leveraging its investments in Hot Breccia into a significant stake in a company dedicated to advancing the Hot Breccia project.

Access to Capital with Limited Dilution: The structure provides enhanced access to capital for the Hot Breccia drill program through Blade, without direct dilution to Prismo shareholders.

Strategic Focus: Prismo will focus on advancing its remaining Arizona projects — Silver King and Ripsey Gold — while Blade dedicates its efforts to advancing Hot Breccia.

Enhanced Attractiveness to Strategic Partners: With the potential for 100% ownership of Hot Breccia, Blade will be in a better position to possibly attract majors or strategic buyers.

Prismo’s Investment in Blade

Regarding Prismo’s investment in Blade, Mr. Lambert said: ‘We see several potential pathways for our investment: holding it long term, monetizing a portion to fund other projects, distributing shares to our shareholders, or a combination of these last two approaches. At this time, we are entering this transaction with a long-term perspective. Successful development at Hot Breccia would have meaningful implications for shareholder value.’

Additional Prismo Rights under the Transaction

Under the terms of the Transaction:

  • Prismo has the right to nominate one representative to Blade’s board of directors. The Company has not yet determined its initial nominee. 

  • Blade has granted Prismo participation rights in future equity offerings, allowing Prismo to subscribe for shares on substantially the same terms as other investors in order to maintain its undiluted ownership percentage in Blade. 

Dr. Linus Keating, manager of Walnut Mines LLC, the underlying landowner of Hot Breccia enthusiastically commented: ‘Walnut Mines strongly supports any initiative that advances Hot Breccia toward a serious drill program. We are optimistic that this transaction will help achieve that objective in 2026. In our view, this property continues to represent an excellent copper exploration opportunity in North America.‘

Early Warning Disclosure

This news release is issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Prior to the Transaction, Prismo did not own any common shares of Blade. The common shares of Blade will be acquired by Prismo for a total consideration of $2,364,250 and will be acquired for investment purposes with a view to Blade’s potential listing on a Canadian stock exchange.

Except as described in this news release, Prismo has no present plans or intentions that relate to or would result in any of the matters enumerated in paragraphs (a) through (k) of Item 5 of Form 62-103F1.

Prismo will file an early warning report in accordance with applicable securities laws, which will be available under Blade’s profile on SEDAR+ at www.sedarplus.ca . A copy of the early warning report may be obtained by contacting Gordon Aldcorn at the contact details below.

About the Hot Breccia Project

The Hot Breccia project lies at the heart of the Arizona Copper Belt, which hosts several globally significant porphyry copper deposits.  Examples of these significant deposits are Freeport McMoRan’s Miami-Inspiration mining complex, BHP’s San Manuel mine, Rio Tinto and BHP’s Resolution deposit and others (see Figure 1).  

Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.

Note that the Company and its qualified person have not been able to independently verify the information on these producing mines, and that the information is not necessarily indicative of the mineralization on the Hot Breccia project.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF, OTCQB: PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

About Blade Resources Inc.

Blade Resources is a private mining exploration company focused on development of North American copper and precious metals projects.

Please follow @PrismoMetals on , , , Instagram, and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6  Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information relates to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. 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’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the anticipated closing and closing date of the Transaction; the strategic rationale and potential upside of the transaction with Blade,  the future development of the Hot Breccia project and Blade’s ability of Blade to successfully implement its strategic and business objectives, including potentially attracting majors or strategic buyers; and the ability of Prismo to fund its exploration activities on its other projects.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: that the Transaction may not close as anticipated, or at all; delays incurred by Blade in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the inability of Blade to successfully acquire a 100% interest on the Hot Breccia project; delays incurred by the Company in obtaining or failure to obtain appropriate funding to finance exploration programs for its other projects; the risk that mineralization will not be as anticipated at the Hot Breccia project or at the Company’s other projects; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the timeline for closing the Transaction will be as anticipated; the Transaction will close; the ability to raise capital to fund exploration programs at Hot Breccia or on the Company’s other projects, and the timing of such exploration programs; the ability of Blade to complete the option to acquire a 100% interest in the Hot Breccia project and to successfully carry out its business and strategic objectives following completion of the transaction; and that the Hot Breccia project and the Company’s other projects will have the anticipated mineralization and other qualities.

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 out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2026 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

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Basin Energy LtdDefinitive Agreement for the Sale of the Marshall Uranium Project

Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) announced that it has now executed a Mineral Rights Purchase and Sale Agreement (‘MRPSA’) with Green Canada Corporation Inc (‘GCC’), a 54% owned subsidiary of PTX Metals Inc. (TSXV: PTX) (‘PTX’) to sell the Marshall Uranium Project (‘Marshall’), located in Saskatchewan, Canada. This follows the binding letter of intent, as announced on the 24th November 2025.

Key Highlights

– Mineral Rights Purchase and Sale Agreement executed, advancing Basin’s sale of 100% of the Marshall Uranium Project to Green Canada Corporation Inc (‘GCC’).

– GCC progressing toward public listing on Canadian Stock Exchange, in conjunction with a reverse takeover of Maackk Capital Corp.

– Basin will receive consideration of up to:

o C$600,000 payable in cash in four equal annual instalments;

o C$300,000 payable in shares over three equal annual instalments; and

o 9.99% of the total issued capital of the newly listed entity.

– Basin retains strong upside optionality, including a 25% project level buyback option and threeyear Right of first refusal (ROFR) on any future sale.

– Basin and CanAlaska Uranium Ltd (CVE:CVV) (‘CanAlaska’) have also granted GCC a 9-month exclusivity for the North Millennium Project.

The transaction is now conditional primarily on the proposed Reverse Takeover (‘RTO’) by GCC of Maackk Capital Corp (‘MAACKK’) and concurrent minimum C$2.5 million financing and admission to the Canadian Securities Exchange (‘CSE’) or such other stock exchange as may be mutually agreed upon by the parties.

In addition to the Marshall agreement, Basin and CanAlaska have agreed to grant GCC a 9-month exclusivity right to conduct due diligence and, if satisfactory, negotiate the terms of an earn-in option to acquire up to a 51% interest in the North Millennium joint venture project of CanAlaska and BSN.

Managing Director, Pete Moorhouse commented:

‘The execution of the definitive agreement marks a key milestone in unlocking value from the Marshall Uranium Project, while maintaining meaningful upside exposure for Basin shareholders.

With GCC progressing toward its public listing and associated financing, we are pleased to see a clear pathway toward funded exploration and drill testing at Marshall in the near term. Importantly, Basin retains leverage and upside through our equity interest, buyback option and right of first refusal, ensuring continued alignment with the project’s success.’

Terms of the Deal

In consideration, GCC has agreed to the following payments to Basin:

– C$600,000 payable in cash in four equal annual instalments, with the first payment due on closing of the transaction;

– C$300,000 payable in shares, issuable in three equal annual instalments based on the 5-day Volume-Weighted Average Price on the business day immediately preceding the date of issuance; and

– 9.99% of the total issued and outstanding resulting issuer shares on a non-diluted basis after giving effect to the concurrent financing at the time of closing of the proposed RTO, subject to 12-month escrow.

Basin will receive an additional 400,000 shares in the resulting issuer upon closing of the RTO in return for granting the 9-month exclusivity right in the North Millennium joint venture.

Basin will have a right of first refusal on any sale of the Marshall Project by GCC for a period of three years following the closing date of the transaction. In addition, Basin will retain a repurchase right to acquire from GCC a 25% interest in the Marshall Project for C$1,000,000 for a period commencing on the closing date and ending on the earlier of: the date that is five years from the closing date or the date on which GCC has incurred total exploration expenditures of C$10,000,000 on the Marshall Project.

Pursuant to the terms of the MRPSA, GCC is required to fund exploration expenditures for an initial work program on the Marshall Project to be carried out within twenty-four months from the closing. The Initial Work Program will have a budget in an amount that is the greater of C$1,500,000, and the minimum amount required to maintain the mineral claims comprising the Marshall Project in good standing under applicable governmental regulations.

Basin will also have the right to nominate one director to the board of the resulting issuer.

GCC will retain the right to withdraw from the transaction at any time after the closing of the transaction, in which case the project will return to Basin and no further payments will be required.

The Company has considered the application of ASX Listing Rule 11.4(a) and considers it does not apply.

About Green Canada Corporation

GCC is a 54% owned subsidiary of PTX Metals Inc. (CVE:PTX) and a uranium exploration company with a portfolio of projects located in Thelon Basin, Nunavut, the Athabasca Basin, Saskatchewan and Quebec. Concurrent to the LOI to acquire Basin’s Marshall project, GCC announced that it has entered into a binding letter of intent with MAACKK pursuant to which GCC and MAACKK intend to complete a transaction that would result in a reverse take-over of MAACKK by the shareholders of GCC (the ‘Proposed RTO’). Closing of the Proposed RTO will be subject to, among other things, requisite regulatory approval for the listing of the resulting issuer of the Proposed RTO (the ‘Resulting Issuer’) on the Canadian Securities Exchange or such other stock exchange as may be mutually agreed upon by the parties, along with completion of concurrent financing and execution of the definitive agreements in respect of the acquisition of the Marshall project.

Upon completion of the Proposed RTO, the current directors and officers of MAACKK will resign and it is anticipated that the board of directors of the Resulting Issuer will be reconstituted to consist of Richard J. Mazur, Greg Ferron, Olivier Crottaz and a representative from the Basin.

About the Marshall and North Millennium Projects

The Marshall project is 100% owned by Basin, and the North Millennium Project is under joint venture agreement on a 40:60 basis with CanAlaska.

The Marshall and North Millennium projects are located less than 11 km from Cameco Corporation’s Millennium deposit (104.8Mlb at 3.8% U3O8) and around 40 km from the prolific McArthur River uranium mine, one of the world’s highest-grade uranium operations, refer to Figure 1*. Both projects are deemed prospective for unconformity style uranium exploration.

In 2024, ground electromagnetics (‘EM’) at Marshall identified three main targets which confirms the geological and exploration model. Of note is Target 1, refer to Figure 2*, where modelled EM plates below the unconformity align with a sandstone Z-Tipper Axis Electromagnetic (‘ZTEM’) anomaly, which is interpreted to be alteration within sandstone. The identification of these targets is encouraging and consistent with regional trends in the southeastern Athabasca and provides increased confidence in drill hole targeting.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/R3LUUKE8

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449

Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

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2 Mins Read

Harden suffers broken right thumb vs. Knicks, timetable uncertain

Cleveland Cavaliers star James Harden was one of the bigger acquisitions at this year’s NBA trade deadline. However, after just seven games with the team, Harden is already suffering some setbacks.

Harden suffered a broken right thumb during the team’s win over the New York Knicks on Tuesday. The injury was not discovered until after the game.

Harden, famously a left-handed shooter, could theoretically play through the injury. In fact, per ESPN’s Shams Charania, Harden intends to do just that. However, that might be out of his control for now. Here’s what to know about James Harden’s latest injury.

Will James Harden play tonight?

Harden is currently listed as questionable for Wednesday night’s game against the Milwaukee Bucks. His status for future games is still up in the air, although, as stated earlier, Harden intends to play through it.

Will the injury require surgery?

No. ESPN’s Shams Charania reports that Harden has already been evaluated by a hand specialist who has determined that Harden will not require surgery.

Harden’s stats with Cleveland

In seven games with the Cavaliers, Harden is averaging 32.1 minutes played, 18.4 points, 8 assists, and 4.6 rebounds per game on 49.4% shooting.

Following Wednesday night’s road matchup against Milwaukee, the Cavs will head to Detroit for a game against the Pistons on Friday, Feb. 27.

This post appeared first on USA TODAY

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5 Mins Read

Make no mistake, Indiana is a football school. It’s not even close

It’s not even a question.

On the same day IU football sold out season tickets in just hours, the men’s basketball team — once the school’s golden goose — lost to Northwestern for the sixth straight time, while Assembly Hall’s balcony seating remained empty.

Over the past 20 years, Indiana fans have banked far more core memories from football than basketball. An entire generation has grown up without tasting any sense of sustained hoops success — in a place that worships the sport like no other.

While Curt Cignetti flipped the campus’ priorities on its head the past two seasons, the basketball rot was well entrenched.

Since 2015:

  • Indiana football has reached the postseason six times.
  • Indiana basketball has reached NCAA tournament four times.

Keep in mind, before Indiana football won this year’s national championship, it entered this past season as the losingest program in FBS history. And even with that albatross around its neck, football has seen more success over the past decade than its basketball counterpart.

If the Hoosiers (17-11, 8-9) miss out on the 2026 NCAA tournament, which looks entirely possible, it would mark the eighth time in the past 10 years Indiana has sat out March Madness.

At Indiana. And in an era where it’s seemingly harder to miss the tournament than make it with the expanded field of 68.

It gets worse.

Indiana hasn’t reached an Elite Eight since 2002, when the Hoosiers upset top-ranked Duke in the Sweet 16 en route to a national championship game loss to Maryland.

Since that run, 60 teams (SIXTY!) have reached at least one Elite Eight, including the likes of St. Peter’s, Florida Atlantic, George Mason, Loyola Chicago, VCU, Dayton, St. Joseph’s and Davidson.

Already on its sixth full-time head coach since firing Bob Knight, Indiana has been chasing ghosts ever since. The Hoosiers’ five national titles still rank tied for fifth with Duke for most in NCAA history, but the last one was in 1987, and besides that outlier 2002 season under Mike Davis, Indiana hasn’t come anywhere close since.

Love him or hate him, Knight won. He had a .731 winning percentage and won 11 Big Ten titles and 659 games in his 28 seasons in Bloomington. His successors have won 493 games (.581) in 26 combined seasons with just three conference titles.

Tom Crean came closest to replicating Knight’s success. He inherited a program beset by sanctions caused by Kelvin Sampson, won the Big Ten twice and had Indiana ranked No. 1 for 10 weeks in the 2013 season, but was undone by a Syracuse zone in March. (Meanwhile, Sampson has turned Houston into a team no one wants to play.)

Archie Miller was supposed to be ‘a home-run hire.’ He wasn’t, and has a losing record over his four seasons at Rhode Island.

Indiana next looked to a ‘Bob Knight guy’ — something a large portion of the fan base had been screaming for. No one else was hiring Mike Woodson, but because his diploma said ‘Indiana’, he was their guy. IU fans ran him out of town after missing back-to-back NCAA tournaments.

Darian DeVries is the latest to try his hand at getting it right in Bloomington.

IndyStar IU Insider Zach Osterman had this to say after Tuesday’s latest setback versus Northwestern:

‘To the media, he unpacked, calmly, what led to that loss. In more private moments, DeVries might have considered in some way the wider lesson: Basketball, in this place and this time, has become harder — much harder — than it really ought to be. And restoring even some baseline measure of success here will require resetting a lot of once-sacred conventions that are now tired, worn, withered and perhaps even dead.

‘That is an almighty task.

‘Making too much of any one loss can be dangerous. No single night should act as a referendum on an entire program.

‘… It is justifiably difficult for a fan base so routinely let down by what once was its flagship program to stop itself from defaulting toward anger, frustration and blame. But impatience is a weed, not a flower. It will overrun and smother the garden long before anything blooms.

‘… At a certain point, benefit of the doubt runs thin. Impatience becomes ingrained. The sins of prior failures are passed down through coaching tenures.

‘DeVries carries that weight now. Few of these problems are of his own making. This program’s many ills and cultural difficulties predate his coming to Bloomington. These games cannot be referendums, but the relentless eroding of faith makes them so.’

Indiana basketball is as well-resourced as any program in the country. But with Hoosiers donors getting a taste of unimaginable football success, a lot of that money may be headed across the parking lot from Assembly Hall to Memorial Stadium.

The fans have already.

This post appeared first on USA TODAY

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17 Mins Read

NBA mock draft: Who’s going No. 1?

The 2026 NBA Draft is arguably the most exciting in recent memory and could eventually go down as one of the best draft classes in league history. This storyline does not come without a dull moment.

Since our last update, plenty of drama has surrounded the 2026 NBA Draft. First, on the professional side, the tanking crisis surrounding teams punting on the season for better draft odds looms large. Meanwhile, in college basketball, pundits continue to debate what exactly is going on with Kansas star freshman Darryn Peterson.

With that in mind, as the college basketball regular season nears its end before conference tournaments and March Madness begins, let’s take a look at our latest mock draft.

Our draft order is based on ESPN’s projected records and factors in trades, including swaps and protections.

1. Sacramento Kings: AJ Dybantsa

  • TEAM: BYU
  • POSITION: Wing
  • BORN: Massachusetts
  • HEIGHT: 6-9
  • DRAFT AGE: 19

The Kings have the worst offense in the Western Conference and could instantly inject life into their offense by selecting BYU freshman AJ Dybantsa. The forward currently leads the nation in unassisted points scored (548) this season, per CBB Analytics. The emerging star became the youngest player in NCAA history with a 30-point triple-double against Eastern Washington on Dec. 22. Highlighted by his 43-point performance against in-state rival Utah, he has averaged 29.7 points per game over his last 10 appearances. 

2. Washington Wizards: Darryn Peterson 

  • TEAM: Kansas
  • POSITION: Guard
  • BORN: Ohio
  • HEIGHT: 6-5
  • DRAFT AGE: 19

While he is no longer perceived as the near-certain No. 1 overall pick that he once was due to relative inconsistency and injury issues, many scouts and evaluators feel that Darryn Peterson is the most talented player in this class. The Wizards would put the scoring guard in a strong position to begin his career alongside Trae Young and Anthony Davis. It’s incredibly rare to find a prospect who is able to score as efficiently as Peterson while holding a usage rate as high as his has been this season.  

3. Brooklyn Nets: Cameron Boozer 

  • TEAM: Duke
  • POSITION: Forward
  • BORN: Florida
  • HEIGHT: 6-9
  • DRAFT AGE: 18

After the Nets took five bites at the apple in the first round of the 2025 NBA Draft last season, they could fill in the rest of the puzzle of their roster by adding an incredibly tantalizing prospect with Duke freshman standout Cameron Boozer. He isn’t a human highlight reel but his statistical profile jumps off the page by virtually any metric and he is nothing short of a dominant paint scorer. Boozer offers consistency and a diverse, impactful skill set.

4. Indiana Pacers: Caleb Wilson

  • TEAM: North Carolina
  • POSITION: Big
  • BORN: Georgia
  • HEIGHT: 6-10
  • DRAFT AGE: 19

Based on projections from ESPN Analytics, the Pacers are projected to keep their pick rather than owe it to the Clippers. They could have a very complicated decision if it falls at No. 4 overall. Their backcourt is set with Tyrese Haliburton and Andrew Nembhard and so is their frontcourt with Pascal Siakam and Ivica Zubac. Even if the fit is clunky, though, the best player on the board here is North Carolina freshman Caleb Wilson. Although he is currently recovering from a hand fracture, his two-way upside is too high to pass up.   

5. Utah Jazz: Kingston Flemings

  • TEAM: Houston
  • POSITION: Guard
  • BORN: Texas
  • HEIGHT: 6-4
  • DRAFT AGE: 19

The Jazz currently have the worst defensive rating in the league but could potentially improve that by selecting Houston freshman Kingston Flemings. The guard has multiple games when he has recorded at least five steals, notching eight against Arizona State earlier this season. While he scored 42 points against No. 11 Texas Tech on Jan. 24, he has since fallen into a bit of a slump, shooting less than 40.0 percent from the field over his last eight games. But with highs as high as his thus far, it will not take long for him to hear his name called on draft night.   

6. Atlanta Hawks (via Pelicans): Darius Acuff Jr.

  • TEAM: Arkansas
  • POSITION: Guard
  • BORN: Michigan
  • HEIGHT: 6-3
  • DRAFT AGE: 19

After trading away Trae Young, the Hawks could find their point guard of the future in Arkansas standout Darius Acuff Jr. using a first-round pick they received from the Pelicans. The freshman guard is excellently efficient at operating ball screens or in isolation, ranking third in the nation for points created (997) either by himself or through an assist, per CBB Analytics. He can score well from either side of the court and leads all freshmen in both alley-oop assists (15) and field goals made in transition (58) this season.  

7. Dallas Mavericks: Mikel Brown Jr. 

  • TEAM: Louisville
  • POSITION: Guard
  • BORN: Florida
  • HEIGHT: 6-5
  • DRAFT AGE: 20

Now led by Cooper Flagg, the Mavericks need to find players who can space the floor for him as they have the second-fewest 3-pointers made per game in the NBA and the third-lowest 3-point percentage in the West. They should have Louisville floor general Mikel Brown Jr. highlighted on their big board. He has deep shooting range and leads all freshmen in 3-pointers made from beyond 25 feet (27) this year, per CBB Analytics. Brown is also averaging 29.2 points per game over his last five appearances, including 45 points against NC State on Feb. 9 while hitting 10 shots from beyond the arc.

8. Chicago Bulls: Nate Ament

  • TEAM: Tennessee
  • POSITION: Wing
  • BORN: Virginia
  • HEIGHT: 6-10
  • DRAFT AGE: 19

After a relatively slow and inefficient start to the season, Tennessee freshman Nate Ament is starting to realize some of his lofty expectations. The freshman is averaging 21.6 points per game over his last eleven appearances, shooting 38.9 percent on 3-pointers during that span. Although he has struggled to finish at the rim, he shoots fairly well off the dribble for someone with his height. He is also adept when shooting using off-ball screens. It will only take one team to fall in love with Ament and given so much of what he brings to the table cannot be taught, it’s probably a team picking fairly early.     

9. Memphis Grizzlies: Keaton Wagler

  • TEAM: Illinois
  • POSITION: Wing
  • BORN: Kansas
  • HEIGHT: 6-6
  • DRAFT AGE: 19

Illinois freshman Keaton Wagler shines when studying analytical models and advanced metrics. As the Grizzlies look to reload after trading away Jaren Jackson Jr. and potentially even moving on from Ja Morant, they could find a solid contributor to add to their rotation. The 19-year-old guard scored 46 points while shooting 9-of-11 on 3-pointers against No. 12 Purdue on Jan. 24. He projects as one of the best 3-point shooters in this class, shooting 42.0 percent from beyond the arc as a freshman this year. Wagler is a cerebral basketball player who is also averaging 5.0 rebounds and 4.3 assists per game this season. 

10. Milwaukee Bucks: Labaron Philon 

  • TEAM: Alabama
  • POSITION: Guard
  • BORN: Alabama
  • HEIGHT: 6-4
  • DRAFT AGE: 20

The Bucks could still use more reliable players in the backcourt and could find a fairly compelling player in Alabama sophomore Labaron Philon. The guard is now averaging 21.3 points per game and has improved his 3-point shooting from 31.5 percent as a freshman to 38.7 percent as a sophomore, also managing 5.0 assists per game in the process. He also has one of the most productive one-footed floaters in college basketball. 

11. Portland Trail Blazers: Brayden Burries

  • TEAM: Arizona
  • POSITION: Guard
  • BORN: California
  • HEIGHT: 6-4
  • DRAFT AGE: 20

Arizona freshman Brayden Burries had two breakout games in January: He recorded 28 points with nine rebounds, four assists, four steals and one block against Kansas State on Jan. 7, and then he had 29 points with five rebounds, four assists, three steals and two blocks against BYU on Jan. 26. He then scored 24 points with five rebounds and four assists on efficient shooting in a game against Baylor on Feb. 24. Burries has proven productivity and that he is able to defend, relocate, move the ball and make 3-pointers off the dribble.   

12. San Antonio Spurs (via Hawks): Yaxel Lendeborg

  • TEAM: Michigan
  • POSITION: Forward
  • BORN: New Jersey
  • HEIGHT: 6-9
  • DRAFT AGE: 23

If the Spurs are going to continue to contend with Victor Wembanyama, they can add the top win-now contributor available, Michigan senior Yaxel Lendeborg, to their core. His team has outscored opponents by 491 points with him on the court this season, per CBB Analytics, which is the most of any player in the nation. He is a versatile, do-it-all player who is older than many of his collegiate peers but is probably the best player in college basketball this season. 

13. Charlotte Hornets: Jayden Quaintance

  • TEAM: Kentucky
  • POSITION: Big
  • BORN: Ohio
  • HEIGHT: 6-9
  • DRAFT AGE: 18

Jayden Quaintance had a late start to his sophomore campaign and may not even return to the court again this season as he recovers from a torn ACL, meniscus and fractured knee. But the sophomore big man showed immediate flashes once he debuted for Kentucky. Despite it all, though, he is arguably the most talented defender in this draft class and could help a team that desperately needs frontcourt help, like the Hornets.

14. Oklahoma City Thunder (via Clippers): Hannes Steinbach

  • TEAM: Washington
  • POSITION: Big
  • BORN: Germany
  • HEIGHT: 6-11
  • DRAFT AGE: 20

After winning the 2025 NBA Finals, the Oklahoma City Thunder are projected to somehow add even more lottery talent in the 2026 NBA Draft. They could use it to potentially replace Isaiah Hartenstein by drafting a younger German big man: Hannes Steinbach. He is an instinctive rebounder with great hands, especially on the offensive glass. The big man is one of the more prolific pick and roll finishers in college basketball. He shined during the FIBA U19 World Cup and scouts love that he is a smart basketball player who can make great reads.

15. Golden State Warriors: Cameron Carr

  • TEAM: Baylor
  • POSITION: Wing
  • BORN: Minnesota
  • HEIGHT: 6-5
  • DRAFT AGE: 21

One of the players who has improved his draft stock the most since the season began is Baylor junior Cameron Carr. He is able to dunk and shoot from beyond the arc at a high clip and, per Bart Torvik, is currently the only high-major player to reach 40 field goals that were dunks and 40 3-pointers so far this season. Baylor has outscored opponents by an additional 34.8 points per 100 possessions when he is on the floor relative to when he is not, via CBB Analytics, which is the second-most of any high-major player in the NCAA. 

16. Miami Heat: Koa Peat

  • TEAM: Arizona
  • POSITION: Forwrard
  • BORN: Arizona
  • HEIGHT: 6-8
  • DRAFT AGE: 19

The Miami Heat have drafted several prospects known for their athleticism, which means a player like Arizona forward Koa Peat will probably have some appeal to their organization. Peat is an ideal match for this franchise given his versatility as a playmaking forward. He just needs a jumper to carve out regular minutes as a high-impact pro. Arizona plays at a significantly faster pace when Peat is on the floor relative to when he is not, per CBB Analytics, which would fit very well with Miami’s fastest-paced offense in the NBA. 

17. Memphis Grizzlies (via Magic): Joshua Jefferson 

  • TEAM: Iowa State
  • POSITION: Forward
  • BORN: Nevada
  • HEIGHT: 6-9
  • DRAFT AGE: 22

A few years ago, research indicated that the Grizzlies tend to value a few statistical similarities in their draftees: Efficient shot selection, added value beyond scoring and defensive playmaking. For the second year in a row, Iowa State do-it-all standout Joshua Jefferson is an impactful dribble-pass-shoot forward who meets many of the qualifications that led Memphis to find players who spent many years on their roster. He is someone who looks destined to have a sustainable NBA career.

18. Oklahoma City Thunder (via 76ers): Karim López

  • TEAM: International (Australia)
  • POSITION: Forward
  • BORN: Mexico
  • HEIGHT: 6-8
  • DRAFT AGE: 19

The Thunder have drafted several players from Australia’s NBL, including Josh Giddey. They could dip into this well again by selecting Karim López with their pick from the Philadelphia 76ers. While the Mexican-born forward still needs some development, the physically gifted forward is widely seen as the top prospect from this class currently playing overseas. Even if he is a draft-and-stash player, that is ideal for a team with a rotation as crowded as the Thunder.

19. Charlotte Hornets (via Suns): Braylon Mullins

  • TEAM: Connecticut
  • POSITION: Wing
  • BORN: Indiana
  • HEIGHT: 6-6
  • DRAFT AGE: 19

Braylon Mullins, a five-star recruit and former McDonald’s All-American, missed the start of the season due to an ankle injury. But he has returned to action for the Huskies and has shown what makes him such an appealing player. He is a useful off-ball threat, which gives him an immediately practical role at the next level. Mullins is already shooting over 40 percent on 3-pointers since moving into the starting lineup.

20. Toronto Raptors: Bennett Stirtz

  • TEAM: Iowa
  • POSITION: Guard
  • BORN: Missouri
  • HEIGHT: 6-4
  • DRAFT AGE: 22

The Raptors could use another guard and should have Bennett Stirtz on their priority list. Despite transferring from Division II to a mid-major and then to a high-major program, he is at the top of the class in creating his own shot off the dribble in isolation or the pick and roll. He can also finish plays from dribble handoffs. Stirtz, however, occasionally struggled against highly ranked teams like Iowa State, Illinois and Michigan State. But the Raptors play at a slow pace, which would translate well for Stirtz, who is doing the same at Iowa.

21. Los Angeles Lakers: Patrick Ngongba II

  • TEAM: Duke
  • POSITION: Big
  • BORN: Virginia
  • HEIGHT: 6-11
  • DRAFT AGE: 20

The Lakers could use a big man like Patrick Ngongba II, who is an above-average passer for his position. His assist rate is the highest among underclassmen listed at 6-foot-11 or taller, per Bart Torvik, and he is at the top of his game when passing to a driving perimeter player. Ngongba is a big-bodied prospect who can carve out space as one of the most prolific cutters in college basketball. He is on an encouraging development track, displaying year-over-year improvement from his freshman to sophomore campaign.

22. Detroit Pistons (via Timberwolves): Christian Anderson 

  • TEAM: Texas Tech
  • POSITION: Guard
  • BORN: Georgia
  • HEIGHT: 6-3
  • DRAFT AGE: 20

While they are one of the best teams in the league this season, the Pistons are still struggling from the perimeter and could use more talented 3-point shooters on their roster. A simple fix would be drafting Texas Tech sophomore Christian Anderson, who has the second-most unassisted 3-pointers (51) in the NCAA, per CBB Analytics. Now playing at point guard, Anderson is recording more than twice as many assists per 100 possessions as a sophomore now compared to when he was a freshman. 

23. Denver Nuggets: Morez Johnson Jr.

  • TEAM: Michigan
  • POSITION: Big
  • BORN: Illinois
  • HEIGHT: 6-9
  • DRAFT AGE: 20

Morez Johnson Jr. is one of the best, most underrated two-way players in the NCAA. He is a crucial part of the Michigan identity this season and has thrived since transferring to the Wolverines from Illinois. Johnson’s shooting form at the free throw line looks good, and he scores well near the rim, especially when cutting to the basket. The former FIBA U-19 Team USA standout is a trustworthy defensive playmaker, too, and should find minutes at the next level.

24. Philadelphia 76ers (via Rockets): Tounde Yessoufou

  • TEAM: Baylor
  • POSITION: Wing
  • BORN: Benin
  • HEIGHT: 6-5
  • DRAFT AGE: 20

Baylor freshman Tounde Yessoufou is a force of nature in transition and does not have that same polish in a half-court offense. Still raw but with a respected work ethic, there are a lot of traits to admire about what he might blossom into as he continues his development. Already, however, his athleticism and his defensive playmaking will at least intrigue teams looking to improve their wing depth like the 76ers.  

25. New York Knicks: Henri Veesaar

  • TEAM: North Carolina
  • POSITION: Big
  • BORN: Estonia
  • HEIGHT: 7-0
  • DRAFT AGE: 22

After transferring from Arizona to North Carolina, we have seen a remarkable improvement from Henri Veesaar. The 7-foot big man from Estonia has an excellent shot diet on offense. He is scoring efficiently at the rim (especially when cutting or rolling) and on 3-pointers, while also holding his own as a rebounder and passer. Any team looking for a big man who can provide NBA minutes on an expedited timeline, like the Knicks, will have him high on their priority list.

26. Atlanta Hawks (via Cavaliers): Thomas Haugh 

  • TEAM: Florida
  • POSITION: Wing
  • BORN: Pennsylvania
  • HEIGHT: 6-9
  • DRAFT AGE: 22

After winning a national championship with Florida last season, Thomas Haugh was instantly regarded as one of the most interesting players who elected to return to college. Haugh has one of the top motors in the NCAA and he is an incredibly skilled basketball player. He does not need the ball in his hands very often to make a difference on the floor for his team, and he can serve as a glue guy for a team looking to compete sooner than later like the Hawks.

27. Boston Celtics: Aday Mara

  • TEAM: Michigan
  • POSITION: Big
  • BORN: Spain
  • HEIGHT: 7-3
  • DRAFT AGE: 21

As the Celtics continue to exceed expectations, they do have some holes to fill in their frontcourt after losing both Kristaps Porziņģis and Al Horford. After selecting Hugo González from Spain in the draft last season, they could potentially target his former FIBA U18 European Championship tournament teammate Aday Mara. The 7-foot-3 big man who transferred from UCLA is a fantastic rim protector. Opponents only attempt 18.3 percent of their field goals at the rim when Mara is on the court, per CBB Analytics, the second-lowest among high-major players. He can also pass well, finding some awesome outlet looks in transition. 

28. Cleveland Cavaliers (via Spurs): Amari Allen

  • TEAM: Alabama
  • POSITION: Wing
  • BORN: Wisconsin
  • HEIGHT: 6-7
  • DRAFT AGE: 20

Alabama freshman Amari Allen is a 6-foot-7 freshman who averaged 13.5 points, 8.1 rebounds and 4.0 assists with 1.9 ‘stocks’ (combined steals and blocks) per game for the Crimson Tide during SEC conference play. He also shot 38.3 percent on 3-pointers while attempting 4.0 shots per game beyond the arc. Allen is a good connective piece who plays hard and knows how to make the right play.

29. Minnesota Timberwolves (via Pistons): Allen Graves

  • TEAM: Santa Clara
  • POSITION: Forward
  • BORN: Louisiana
  • HEIGHT: 6-9
  • DRAFT AGE: 20

Perhaps the most enticing, under-the-radar prospect in all of college basketball is Santa Clara freshman Allen Graves. It was hard not to notice Graves after he scored 30 points with 13 rebounds, four assists and two steals on Feb. 7 against Washington State. All-in-one metrics are high on him, per CBB Analytics: He ranks 99th percentile in Win Shares per 40 minutes, Wins Above Replacement Player and Player Efficiency Rating. The only players under 21 years old who hold a higher box plus-minus are Cameron Boozer and Caleb Wilson, via Bart Torvik.  

30. Dallas Mavericks (via Thunder): Dailyn Swain

  • TEAM: Texas
  • POSITION: Wing
  • BORN: Ohio
  • HEIGHT: 6-8
  • DRAFT AGE: 21

After transferring from Xavier to Texas during the offseason, Dailyn Swain has become one of the more intriguing breakout players in college basketball. He is versatile and contributes a little bit of everything for the Longhorns on both sides of the ball, particularly impressive scoring well both in the paint and on fastbreaks. One element that is particularly compelling is that Swain is particularly efficient one-on-one in isolation against his defenders. 

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Suns owner willing to pay millions to get ‘best guys’ in All-Star events

Much of the talk around NBA All-Star Weekend was about how to improve certain events, particularly the dunk contest.

Portland Trail Blazers guard Damian Lillard threw his bid in to improve the 3-point shootout by lobbying for Golden State Warriors guard Stephen Curry, his Splash Brother and former teammate, Dallas Mavericks guard Klay Thompson, and Phoenix Suns guard Devin Booker to compete in 2027.

The latest man to attempt to improve the NBA’s premier weekend is Phoenix Suns owner Mat Ishbia, who is ready to put some money up for All-Stars to compete in the highly-anticipated annual All-Star competitions.

Ishbia even said on ‘The Pat McAfee Show’ on Wednesday, Feb. 25, that he is willing to offer $1 million to the 2027 NBA dunk contest and 3-point contest winners.

He said he wants ‘to get the best guys’ to participate during next year’s All-Star Weekend, which will be held in Phoenix.

McAfee proposed that Ishbia put up $2 million, one for the winner and another one for a local charity.

‘Done,’ Ishbia responded.

Ishbia told McAfee that he will have a say in how to improve All-Star Weekend.

‘Not the actual game part of it, like how they do East versus West, or World versus U.S., but I have a say in ‘how do we get great players in it?’ Ishbia said. ‘How do we make it a great event? How to make (the) fan experience phenomenal? We’re gonna make it an amazing event.’

McAfee challenged Ishbia to share the details, asking him to announce what he’s planning for the dunk contest, and offered a proposal. Ishbia was all ears.

‘You’re gonna put a million dollars up for the winner and then a million dollar donation to a charity,’ McAfee said.

Ishbia quickly responded in excitement, ‘done’ and added, ‘Let’s get the best guys in it. Let’s make it awesome.’

Will the NBA allow Mat Ishbia to pay players?

The idea proposed by McAfee and verbally agreed upon by Ishbia is illegal by NBA rules and regulations, according to ESPN.

Officials from the NBA league office and players’ union told ESPN that Ishbia’s generous donations would not ‘conform with the existing bonus structure.’

Additionally, Ishbia did not consult the league office before making the offer, according to ESPN.

Ishbia remains motivated to find a way to get more stars into the events.

This post appeared first on USA TODAY

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Olympic OT hero receives rousing ovation in first game back in NHL

Jack Hughes received a hero’s welcome Wednesday in a ceremony held before he took the ice for the New Jersey Devils again.

Hughes, the 24-year-old top pick of the 2019 NHL Draft, on Sunday scored the overtime winner to give the United States its first gold medal in men’s hockey since 1980. It’s been a whirlwind few days, which included a trip to Washington, D.C., and plenty of controversy, but all that melted away as he was feted at the Prudential Center in Newark, New Jersey.

The Devils honored all their players who participated in the Olympics, but a special spot was reserved for their American star. After taking a brief skate with Tage Thompson of the visiting Buffalo Sabres, who was also on Team USA, an emotional Hughes grabbed the mic and thanked the fans.

Watch full ceremony honoring Jack Hughes

Hughes, who was greeted by chants of ‘USA,’ gave brief remarks before the game.

‘I’m so proud and I’m so happy that the men’s and women’s USA hockey teams brought gold medals back to the United States of America,’ Hughes said.

‘You guys are making me emotional,’ Hughes continued. ‘But, I’m so proud to represent the New Jersey Devils organization. And I’m so, so proud to represent the great state of New Jersey. So proud.

‘From the bottom of my heart — all my teammates, USA teammates — we just want to thank you guys for all the love and the support. We feel it. Thank you.’

The USA TODAY app gets you to the heart of the news — fast. Download for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

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1911 Gold Announces Option Grant

1911 Gold Corporation (‘1911 Gold’ or the ‘Company’) (TSXV: AUMB,OTC:AUMBF) (OTCQX: AUMBF) (FRA: 2KY) announces that, pursuant to the Company’s long-term incentive plan (the ‘LTIP’), it has granted stock options (the ‘Options’) to Suzette Ramcharan, an employee of the Company who provides investor relation services, to purchase 500,000 shares of the Company (the ‘Shares’) at a price of $1.15 per Share until February 25, 2031. The Options will vest ¼ three months after the date of the grant; ¼ six months after the date of the grant; ¼ nine months after the date of the grant; and ¼ twelve months after the date of the grant. The foregoing Options are subject to acceptance by the TSX Venture Exchange.

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, ‘forward-looking statements‘). Often, but not always, forward-looking statements can be identified by the use of words and phrases such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or that describe a ‘goal’, or variations of such words and phrases, or statements that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the terms of the Options, the ability of the Company to receive necessary regulatory approvals for the grant of the Options, and the planned restart of mining operations in 2027, and the timing of such event.

Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking 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.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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.

SOURCE 1911 Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2026/25/c5296.html

News Provided by Canada Newswire via QuoteMedia

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Top 10 Copper-producing Companies

Copper miners with productive assets have much to gain as supply and demand tighten.

The price of copper reached new all-time highs in 2026 on both the COMEX in the United States and the London Metals Exchange (LME) in the United Kingdom.

In 2025, the copper price on the COMEX surged during the third quarter as it climbed to US$5.94 per pound after the White House announced tariffs on the red metal in late August. However, prices moderated in August after refined products were excluded. However, as the quarter ended, supply and demand fundamentals took over, pushing the price back to historic highs, reaching US$11,067.50 per metric ton on the LME on October 29.

Since that time, the price has maintained momentum, and on January 29, the copper price reached record highs of US$6.61 per pound on the COMEX and US$14,572.54 per metric ton on the LME.

Copper is one of the most important resources for the energy transition, but demand for the red metal is outpacing mining supply. While construction and electrical grids have long been major markets for copper, today the rise in demand for electric vehicles, EV charging infrastructure and energy storage applications are emerging drivers of copper consumption.

Another trend driving future copper demand is the rapid urbanization in the Global South, as rural populations migrate to cities, putting pressure on electricity grids.

Due to the challenges associated with finding, developing, permitting and mining copper deposits, the higher demand is being met by slow growth of new supply. Mines that are in operation tend to be quite large and operate for decades as copper producers concentrate on mine expansions and brownfield projects aimed at extending mine lifetimes.

Given those factors, investors should keep an eye on the world’s top copper miners and their operations.

This list of the 10 largest copper-mining companies in the world is ranked by attributable copper production for 2024.

1. BHP (ASX:BHP,NYSE:BHP,LSE:BHP)

Copper production: 1.5 million metric tons

BHP is one of the world’s largest mining companies, and its global portfolio of assets includes significant copper mining operations in Chile, Australia and Peru.

According to the company’s quarterly operational review data, the mining giant’s attributable copper production totaled 1.5 million metric tons across the calendar year 2024.

Its most significant copper asset is the Escondida mine, the world’s largest copper mine. BHP holds a 57.5 percent stake in the Chilean operation, which produced 1.24 million metric tons of copper in 2024, of which 713,805 was attributable to BHP. Its other Chilean copper operation is its wholly owned Pampa Norte mine, which produced 313,600 metric tons of copper in 2024.

BHP also owns the Olympic Dam polymetallic mine, the largest mine in Australia. The South Australian mine hosts one of the world’s largest copper deposits as well as the largest uranium deposit. In 2023, BHP expanded its portfolio in the state with its acquisition of OZ Minerals and its Prominent Hill and Carrapateena copper operations.

In January, BHP announced its acquisition of Filo Mining and its Filo del Sol project located Argentina. As part of the announcement, BHP said it had formed a joint venture company with Lundin Mining Corporation (TSX:LUN,OTC Pink:LUNMF) to combine Filo del Sol with Lundin’s Josemaria project in the Vicuna mining district, with each company owning a 50 percent stake.

2. Codelco

Copper production: 1.44 million metric tons

The Chilean state-owned Codelco is the world’s third-largest producer with copper production of 1.44 million metric tons in 2024. According to its 2024 annual report, its copper output increased 1.2 percent from 1.42 million metric tons in 2023.

Its largest asset is the Chuquicamata mine located in Northern Chile, between 2017 and 2021 annual production was in the 700 million to 850 million pound range. However, lower grades in recent years have led to production falling below 600 million pounds. In 2024, Chuquicamata increased slightly to 637 million pounds.

The mine transitioned from an open pit to an underground mine beginning in 2019. In its operational report for the quarter ending September 30, the company stated that Phase 1 of its continuity infrastructure project had reached 85 percent completion. It added that feasibility studies were underway for potential expansion of the current mine level, as were prefeasibility studies assessing ‘the development of a potential deeper mine level.’

The company’s other significant Chilean mines include El Teniente, Quebrada Blanca and Andina.

3. Freeport-McMoRan (NYSE:FCX)

Copper production: 1.26 million metric tons

Freeport-McMoRan is consistently ranked among the world’s top copper producers, and its share of copper production from its mines totaled 1.26 million metric tons of copper in 2024. The company reported producing 4.21 billion pounds, or 1.9 million metric tons, of the red metal, calculated on a 100 percent basis for all operations except its Morenci joint venture.

The largest contributor to its output is the Grasberg copper-gold mine in Indonesia. The mine itself is a joint venture between Freeport and state-owned Indonesia Asahan Aluminum, with the entities holding interests of 48.76 percent and 51.24 percent respectively. According to MDO, copper output for the mine in 2024 totaled 1.8 billion pounds.

Grasberg has undergone a transition from an open pit to an underground block cave, and expansion work continues at the site. As of the close of 2024, the mine had 469 open drawbells.

In September, the main Grasberg Block Cave suffered an ingress of wet material that killed seven workers and forced the closure of the operation. While Freeport stated that unaffected portions of Grasberg would open by the end of 2025, the Grasberg Block Cave would see a phased restart beginning in the second quarter of 2026, and increasing through the end of the year and into 2027.

Additionally, Freeport holds a 55 percent stake in the Cerro Verde copper-molybdenum complex in Peru. The mine routinely produces between 800 million and 1 billion pounds of copper and is expected to be in operation until 2052.

Its largest US based operation is its 72 percent owned Morenci mine in Arizona, which produced 700 million pounds in 2024. It also owns the Safford and Sierrita mines in the same state.

4. Glencore (LSE:GLEN,OTC Pink:GLCNF)

Copper production: 951,600 metric tons

Mining major Glencore copper production dipped by 6 percent in 2024 to 951,600 metric tons from the 1.01 million metric tons produced in 2023. The company’s 2024 annual report attributed the decline to lower planned production at its Antapaccay and Collahuasi mines due to factors including lower grades, water constraints and geotechnical challenges.

Located along Chile’s coast, Collahuasi is the company’s largest operation, a 44/44/12 joint operation between Glencore, Anglo American (LSE:AAL,OTCQX:NGLOY) and Japan’s Mitsui & Co. (OTC Pink:MITSF,TSE:8031). The mine produced 558,600 metric tons of copper in 2024.

The partners are working to build a large-scale desalination plant designed to help overcome water shortage issues. In Glencore’s third-quarter production report, it indicated that water restrictions at Collahuasi have eased since the staged commissioning started, with further improvements through Q4. Once open, it will provide 1,050 liters of desalinated water per second to the mine via a 194 kilometer pipeline.

Other significant copper-producing assets in the company’s portfolio include Antamina in Peru, Mount Isa in Australia and the Katanga Complex in the Democratic Republic of the Congo.

5. Southern Copper (NYSE:SCCO)

Copper production: 883,462 metric tons

A majority-owned, indirect subsidiary of Grupo Mexico (OTC Pink:GMBXF), Southern Copper recorded 883,462 metric tons of total copper production for 2024, a 6.9 percent increase over 2023. In the company’s 2024 results, the company attributed the increase to higher production across all operations, with a 10.7 percent increase from its Peruvian assets and a 4.3 percent increase from Mexican production.

The company operates major copper mines in Peru and Mexico and has exploration projects in Argentina, Chile, Ecuador, Mexico and Peru.

Its largest copper-producing asset is the Buenavista mine in Northern Mexico, which sits atop one of the world’s largest porphyry copper deposits. According to MDO, the site produces approximately 700 billion to 750 billion pounds of copper per year.

Its other copper operations include the Cuajone and Toquepala mines in Peru and the La Caridad mine in Mexico.

6. Anglo American (LSE:AAL,OTCQX:NGLOY)

Copper production: 772,700 metric tons

British miner Anglo American reported a 6.5 percent decrease in copper production to 772,700 metric tons from 826,200 metric tons in 2023.

The company attributed the decline to lower recovery and grades at the Collahuasi and Los Bronces operations in Chile, noting that the planned closure of the Los Bronces processing plant also impacted production. The company holds a 44 percent stake in Collahuasi and 50 percent in Los Bronces.

In addition to Collahuasi, the company also owns a 60 percent stake in the Quellaveco mine in Peru, with Mitsubishi owning the remaining 40 percent. The open pit mine started operating in 2022 and, according to MDO, produced 675 million pounds of copper in 2024.

It also owns a 50 percent stake in the El Soldado mine in Chile, which it operates in partnership with Mitsui, which holds a 30 percent stake, and Mitsubishi Materials (OTC Pink:MIMTF), which holds the remaining 20 percent. Data from MDO shows that the mine produced 48,200 metric tons of copper in 2024.

On September 9, Anglo American announced plans to combine with Canadian mining giant Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) in a ‘merger of equals’ to form Anglo Teck, which would be headquartered in Canada. The merged company would focus on critical minerals and become a top-five global copper producer.

7. KGHM Polska Miedz (FWB:KGHA.F)

Copper production: 729,700 metric tons

Poland’s KGHM Polska Miedz has operations in Europe, North America and South America, and says that it controls over 40 million metric tons of copper ore resources worldwide. In 2024, KGHM produced 729,700 metric tons of copper, a slight increase from the 710,900 metric tons of copper produced in 2023.

According to MDO, KGHM’s largest operation is the Polkowice-Sieroszowice mine in Western Poland. The mine has been in operation since 1968 and produces approximately 430 million to 440 million pounds of copper annually.

The company’s Polish operations also include the Rudna mine, which produced 338 million pounds of copper last year, and the Lubin mine, which produced 156 million pounds.

Other options under the KGHM banner include the Robinson mine in Nevada, United States, and the 55 percent owned Sierra Gorda mine in Chile.

8. CMOC Group (OTC Pink:CMCLF,HKEX:3993)

Copper production: ~502,600 metric tons

CMOC Group is a new addition to the top 10 after its copper production jumped significantly in 2024, with its share of production from its joint venture copper-cobalt mines in the Democratic Republic of the Congo totaling approximately 502,600 metric tons. On a 100 percent basis, the company reported annual copper production of 650,161 metric tons.

The majority of CMOC’s copper production came from its Tenke Fungurume copper-cobalt mine, an 80/20 joint venture with the state-owned mining firm Gecamines. According to MDO data, the mine has experienced significant growth over the past few years, ramping up from 400 million pounds of copper in 2020 to 618 million pounds in 2023. In 2024, Tenke Fungurume’s copper production soared to 992 million pounds, or 450,138 metric tons.

Its other DRC mine is Kisanfu, a 71/24/5 joint venture with Chinese battery manufacturer Contemporary Amperex Technology (SZSE:300750) and the DRC government. The mine produced 200,013 metric tons of copper cathode in 2024, up substantially from 114,000 in 2023.

9. Antofagasta (LSE:ANTO,OTC Pink:ANFGF)

Copper production: 448,800 metric tons

Antofagasta’s share of copper production from its four joint venture operations in Chile totaled 448,800 metric tons in 2024.

The company’s largest operation is its 60 percent owned Los Pelambres mine, a joint venture with Mitsubishi. According to MDO, Los Pelambres’ copper production totaled 320,000 metric tons in 2024, up from 300,000 the previous year.

Its Centinela mine is another significant producer, with 224,000 metric tons of copper mined in 2024. The company is constructing a second concentrator at Centinela that, once it comes online in 2027, should add 144,000 metric tons of copper production annually and extend Centinela’s mine life by 15 years to 2051.

The company’s other Chilean joint ventures are the Antucoya and Zaldivar mines.

10. Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK)

Copper production: 358,910 metric tons

Rounding out the top 10 is Canada’s Teck Resources, which increased consolidated copper production by 50 percent in 2024, reaching 446,000 metric tons. On an attributable basis, the copper company’s production totaled 358,910 metric tons in 2024.

Much of the gain came from the ramp-up of the Quebrada Blanca mine in Chile. The mine started production in 2023 and produced just 122 million pounds of copper that year. 2024 saw a significant advancement, with the mine producing 458 million pounds of the red metal.

Teck holds a 60 percent ownership stake in the mine, while Japan’s Sumitomo (OTC Pink:SSUMF,TSE:8053) controls a 30 percent stake and Chile’s state-run Codelco owns the final 10 percent.

Teck also owns the Highland Valley mine in British Columbia, Canada. The mine is one of the largest open pit mines in Canada and produced 226 million pounds of copper in 2024.

Other copper operations in the Teck portfolio include Antamina in Peru and Carmen de Andacollo in Chile.

On September 8, Teck announced a planned merger of equals with Anglo American to focus on critical minerals and copper production. The combined company is set to be called Anglo Teck and will be headquartered in Canada. The merger is expected to take 12 to 18 months to be completed.

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

This post appeared first on investingnews.com

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Clem Chambers: I Sold My Gold and Silver, What I’m Buying Next

Clem Chambers, CEO of aNewFN.com, explains why he sold his gold and silver, and where he’s looking next, mentioning the copper and oil sectors.

He also speaks about the importance of staying positive as an investor: ‘The media negativity is the most wealth-crushing thing you can fall for. So be positive. Work hard at it. Be on the front foot. Look for opportunities. Think hard about it. Study. You will do so well.’

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

This post appeared first on investingnews.com

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