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Mogotes Metals Plans Up to 20,000m Drilling at Filo Sur, 50,000m at Beskauga
Mogotes Metals Inc. has outlined exploration plans for the next 12 months across its Filo Sur project in Argentina and Chile, its Beskauga project in Kazakhstan and its Copper Cliff project in Montana, USA. At Filo Sur, the company plans up to 20,000 metres of drilling in the 2026-2027 season, more than three times the 6,208 metres drilled in 2025-2026, with drilling targeted to restart in November 2026 subject to weather and site access. At Beskauga in Pavlodar Province, Kazakhstan, drilling has started and the company plans to continue up to 50,000 metres until winter weather sets in, with first assay results expected in the fourth quarter of 2026 and a preliminary economic assessment targeted within 12 months, to be followed by a pre-feasibility study. At Copper Cliff in Montana, Mogotes plans 8,000 to 9,000 metres of drilling with the earliest possible start in November 2026, pending permits, under an option to enter a joint venture with Kennecott Exploration Company, a subsidiary of Rio Tinto, where Mogotes may earn a 51% interest by funding US$16 million of exploration expenditure over three years. The company also released an updated corporate presentation ahead of the Precious Metals Summit Beaver Creek in Colorado, and clarified that insiders purchased an aggregate of 5,503,323 common shares pursuant to its August 27, 2026 placement, a related party transaction under MI 61-101.
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ACG Acquisition Lifts Gediktepe NPV to $1.4 Billion at Spot Prices
ACG Acquisition said its updated technical report for the Gediktepe mining operation in Türkiye raised the project's estimated net present value to $1.2 billion at consensus commodity prices and $1.4 billion at spot prices, with estimated net asset value per share of about £34 and approximately £43 respectively. The company raised its expected average production over the next five years to more than 36,000 metric tons of copper equivalent annually, up from an original plan of roughly 20,000 metric tons, and now expects average annual revenue of about $450 million over that period versus roughly $130 million in recent years. ACG acquired Gediktepe for $120 million in September 2024 and is investing a further $200 million in the asset, of which $146 million has been invested, including a flotation plant, while about $60 million is being allocated to a SART plant scheduled to begin production in the third quarter of 2027. For the first half of 2026, ACG reported $90 million in revenue, about $50 million in EBITDA and $30 million in cash flow, and management is targeting a lower-cost refinancing of its $200 million Nordic bond, which began with a 14.7% coupon, possibly at the January call date or earlier. The company also announced an agreement to acquire a license about 70 kilometers from Gediktepe for just under $8 million, payable in two tranches, which could extend heap-leach production by six to seven years.
Alpha Compute Buys 300 Acres in Pennsylvania for AI Data Center
Alpha Compute has executed definitive real estate and asset purchase agreements to acquire over 300 acres of land and subsurface rights in Pennsylvania. The acquisition secures surface, mineral, and gas rights across the Utica and Marcellus shale formations, including over 75 existing wells, heavy equipment, and gathering infrastructure. Historical Halliburton estimated 10,000 barrels per acre of light Pennsylvania sweet crude oil across subsurface parcels, with modern geological reviews now underway to map reserve potential. Alpha Compute plans to build a new data center on the site modeled after its Northern Pennsylvania facility, complying with local zoning, regional grid standards, and Pennsylvania Department of Environmental Protection regulations. The company intends to establish municipal covenants to align with local development goals, create construction and operational jobs, modernize utility infrastructure, and ensure responsible well management under DEP oversight.