FINWIRES · TerminalLIVE
FINWIRES

BHP Ventures Joins Over $19 Million Cuprum Metals Series A Funding

By

BHP Group's (ASX:BHP) venture capital arm BHP Ventures joined a $19.4 million series A funding for Cuprum Metals, led by the Lundin Family Office with participation from Woodline Partners, according to a late Thursday statement from Cuprum Metals.

Delaware-based Cuprum Metals said it plans to use the funding to advance the commercial deployment of its copper extraction technology, expand its technical capabilities, hire key personnel, and scale adoption across copper assets, including tailings and previously processed materials.

The extraction technology, operating at ambient conditions with seawater, has achieved over 75% recovery across oxide, secondary, and primary sulfide ores in under 100 days while reducing acid consumption and eliminating the need for heat or pressure, the company said.

Related Articles

Asia

ASE Technology Unit to Buy Operational Facilities Worth NT$652 Million; Shares Rise 3%

ASE Technology (TPE:3711) unit ASE Test will acquire operational facilities from Verizon Construction for NT$651.9 million, according to a Wednesday Taiwan Exchange filing.Shares gained 3% in Thursday's late morning trade.The acquisition will support the company's manufacturing operations, it said.

TPE:3711
Asia

First REIT Defends Move to Sell Indonesia Assets to Siloam

First REIT (SGX:AW9U) said the proposal to divest its Indonesian hospital assets to Siloam International Hospitals for SG$471.5 million is the best available offer, according to a filing with the Singapore Exchange on Wednesday.The statement was a response made to unitholders seeking clarification on the terms of the proposed deal.The REIT said it will be hard to find a different buyer for the Indonesian portfolio as Siloam has been its tenant and operator. It also said the consideration represents a premium of approximately 2.1% over the average of the two independent valuations of the assets.

SGX:AW9U
Asia

Sims Fiscal 2026 Outlook Beats Consensus on US Scrap Conditions, Jefferies Says

Sims (ASX:SGM) is expected to benefit from stronger US scrap recycling market conditions and expanding earnings opportunities in its Sims Lifecycle Services (SLS) business, driving significant upgrades to earnings forecasts, according to a Wednesday note from Jefferies.Jefferies said the company's fiscal 2026 guidance was around 15% above consensus at the midpoint, driven by stronger North American metals operations and SA Recycling joint venture, while SLS was largely in line with expectations.The investment firm raised its fiscal 2026 earnings before interest and taxes (EBIT) forecast 14% to AU$427 million, in line with guidance, citing stronger US trading conditions, higher ferrous scrap margins, and improved non-ferrous pricing.Jefferies expects SLS EBIT to stay above AU$200 million through at least fiscal 2030, with growth driven by graphics processing unit and DDR5 decommissioning cycles starting around 2028, offsetting declines in DDR4.The investment firm raised SLS EBIT forecasts by more than 50% from fiscal 2027 onwards, citing stronger expected margins and a gradual ramp in volumes from fiscal 2028.The investment firm kept its mid-cycle EBIT estimate for the company at about AU$500 million, despite the upgrades and revised long-term assumptions.Jefferies upgraded Sims to hold from underperform and raised its price target to AU$31 from AU$19.Sims' shares were down about 1% in recent Thursday trade.

ASX:SGM