FINWIRES · TerminalLIVE
FINWIRES

Brazilian Critical Minerals Raises Brazil Project Mineral Resource; Shares Up 6%

-- Brazilian Critical Minerals (ASX:BCM) said its updated mineral resource estimate for its Ema project in Brazil now stands at 1.07 billion tonnes at 732 parts per million (ppm) total rare earth oxide (TREO) at a cut-off of 500 ppm, according to a Wednesday Australian bourse filing.

The company said the indicated neodymium-praseodymium grade increased 5% to 184 parts per million, while the indicated dysprosium-terbium grade increased 6%.

The bankable feasibility study is now about 80% complete, with delivery targeted in the second quarter of the year, the filing added.

The company's shares rose 6% in recent Wednesday trade.

Related Articles

Asia

Eoptolink Technology 2025 Profit Jumps 236%; Shares Fall 8%

Eoptolink Technology (SHE:300502) posted 2025 attributable net profit of 9.53 billion yuan, up 236% from 2.84 billion yuan the previous year.Earnings per share rose to 9.57 yuan from 4.00 yuan, according to a Friday filing with the Shenzhen bourse.Revenue rose 187% year over year to 24.8 billion yuan from 8.64 billion yuan.Shares of the optical transceiver module manufacturer fell 8% in recent trade.

$SHE:300502
Asia

NZX Midday Sector Update: Consumer Durables Sector Soars, Technology Services Sector Struggles

The consumer durables shares gained the most on New Zealand's Exchange, rising almost 2% on Friday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 2% in recent trade.On the flip side, the technology services sector struggled, shedding past 3%.Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell nearly 7% in recent trade.

$^NZ50$ASX:GTK$ASX:KMD$NZE:GTK$NZE:KMD
Asia

Daiichi Sankyo Raises Full-Year Forecasts on Forex Gains

Daiichi Sankyo (TYO:4568) raised its attributable profit forecast for the fiscal year ended March 31 to 2.5 billion yen from 1.7 billion yen previously, according to a Tokyo bourse filing on Friday.The pharmaceutical firm now expects earnings per share to be 103.26 yen, up from the earlier forecast of 70.16 yen, while the estimate for net sales has been slightly increased to 35.8 billion yen from 35.3 billion yen.The upward revision is primarily driven by a weaker Japanese yen compared with the company's initial assumption of 151 yen per U.S. dollar, resulting in significant foreign exchange gains on foreign currency-denominated assets and liabilities.For the full year, the company recorded total foreign exchange gains of 609 million yen as non-operating income, though this was partially offset by a 227 million yen allowance for doubtful accounts and 301 million yen in derivative valuation losses.Despite these offsets, the company expects ordinary profit to significantly exceed prior forecasts, while the year-end dividend forecast remains unchanged.

$TYO:4568