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Mining & Metals
Itafos, Rio Tinto Amend Sulfuric Acid Contract
Itafos (IFOS.V) agreed to amend a sulfuric acid supply contract with Rio Tinto, Itafos said overnight Thursday.Under the amended agreement, Itafos will continue to purchase sulfuric acid from Rio Tinto's Kennecott mine in Utah, and the reference index price will change from the Vancouver Index to the Tampa Index from May 1, 2026, through Dec. 31, 2029.To promote long-term value for both U.S. farming and mining industries, the parties have agreed to an adjusted sulfuric acid price until Dec. 31, 2029, to help address significant price volatility of sulfur over the last four years.Itafos has historically sourced about 60% of its sulfuric acid requirements at the Conda phosphate operation in Idaho from Rio Tinto.After Dec. 31, 2029, Itafos expects to continue purchasing sulfuric acid from Rio Tinto."The amended contract will allow us to maintain supply of a vital input to our production process while decreasing our exposure to volatility in commodity prices," Itafos Chief Executive Officer David Delaney said.
$IFOS.V
Mining & Metals
Blue Moon Metals Up 0.8% In US Premarket Appoints Five Key Leaders to Support Its U.S. Pipeline and Nussir Project in Norway
Blue Moon Metals (MOON.V, BMM) recently appointed five "key leaders" to support its expanding U.S. pipeline of brownfield critical metals opportunities, as well as the continued advancement of its Nussir project in Norway, it said on Friday.The company appointed Jason Dunning as its General Manager, U.S. Special Projects, Simon Cooper as a Special Projects Manager and Bob Sweeden as its Health & Safety Director. Lee Langlois has been appointed Project Director for the company's Nussir project in Norway.Shaun McGeough joined Blue Moon as Senior Director, Corporate Development, it added. The company also said that Stephen Eddy resigned from his role as Senior Vice President, Corporate Development effective May 15, 2026, and has been supporting a smooth and seamless transition.U.S.-listed shares of the company were last seen up 0.8% at US$7.35 in pre-market trading.
$MOON.V
Mining & Metals
Mako Mining Reporting Q1 Adjusted EBITDA of US$40.1 Million and EPS of US$0.26 Per Share
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