Deep Sea Mining’s Post

Amid economic uncertainties, Swedish companies are increasingly addressing the pressure to deliver higher returns by divesting non-core assets and reallocating capital to more profitable strategic initiatives. KPMG Sweden assisted SSAB in divesting the expandable rock bolts business unit, providing financial, tax, legal and carve-out support.

The lab-based trial of in situ recovery of #rareearth samples recovered from our Boland Project in South Australia is going exceptionally well.   We’ve successfully demonstrated ISR works for us, with low acid consumption and low impurities.   This supports a future operation in the lowest quartile for costs of rare earth miners globally.   Our CEO Rupert Verco explains more here:   #mining #SouthAustralia #Australia ANSTO

Under the new PMRC 2020 rules, companies must now disclose exploration results more frequently, improving transparency for investors and the public. READ MORE: https://lnkd.in/g8F27jwD

Some M&A activity of note in the #uinta https://lnkd.in/g6Z38RVe

Seanergy Maritime Holdings Corp. (NASDAQ: @ship) reported record-breaking financial results for Q2 and H1 2024, driven by its strategic positioning as a pure-play Capesize ship owner. The company posted a net income of $14.1 million in Q2 and $24.3 million in H1, surging from the previous year's figures. In light of these impressive results, Seanergy enhanced its dividend policy, aiming to distribute around 50% of operating cash flow after debt payments. The Q2 cash dividend was boosted to $0.25 per share, up from previous quarters, demonstrating the company's commitment to rewarding shareholders. 'Based on our strong and visible cash flow generation, we expect to be able to continue returning significant capital to our shareholders in the coming quarters,' said Chairman and CEO, Stamatis Tsantanis. Seanergy's spin-off, United Maritime Corporation (@usea), also made strategic moves, including minority investments in offshore energy projects and tanker charters. Both companies remain optimistic about the robust demand for Capesize vessels, positioning them advantageously in the market. #maritime #shipping #capesize #dividends #strategicinvestments #recordresults

Faced with a significant leak in a control valve within a mining facility, the immediate solution might appear to be to completely replace the equipment. However, this approach entails significant costs, excessive consumption of resources, and an increased risk of production interruption. Upon working on a damaged valve, our team identified a strategic alternative. Instead of proceeding with an expensive complete replacement, we opted for the installation of an actuator more suitable for the rigorous constraints of use in their process. Adapted to the specificities of the client's application, this solution not only solved the leakage problem but also generated substantial savings, avoiding a production shutdown with estimated costs of $203,600. Discover how we help our clients thrive by visiting our blog. #AtlanticControls #ProactiveManagement #OperationalEfficiency #IndustrialSafety

Premier1 Lithium has successfully applied for a R&D tax offset, receiving $889,546 from the ATO for FY24.  The receipt stems from Premier1’s investment in R&D activities focused on artificial intelligence and machine learning technologies for mineral exploration across various commodities and geological settings, including field testing on identified targets. The funding will bolster Premier1’s cash reserves and enhance its ability to pursue further exploration activities at its #Yalgoo and #AbbottsNorth projects. More at #Proactive #ProactiveInvestors #ASX #PLC http://ow.ly/SCXL105S7In

This week, the astedis group met with our Polish cooperation partner European Steel Group in Krakow for a productive meeting. Among other things, the astedis representatives set the course for 2025 at the meeting. They defined strategic supplier partners with whom cooperation is to be further developed next year. After launching in September 2023 as a European network for medium-sized steel traders, the representatives of ESG, Coalsider, Sider Center, Socoda and, of course, NORDWEST have now also looked back on the first year together. The collaboration is characterised by a great deal of trust and determination, and all partners are satisfied with how the cooperation has progressed so far. The aim of astedis is to position itself as a strong interest group in the European steel industry. With this in mind, the partners have already achieved initial operational successes and are in intensive dialogue with the industry. #astedis #steel #stahl #nordwesthandel

In assessing over 790 #TSF across the country (#CHILE).. what measures, processes, and policies will be augmented, re-aligned, and re-invigorated to establish public awareness, satisfaction, and safety ... ? #RRM, #TIRI, #monitoring, #assessment, #dissemination

🤝 Completed Acquisition – Strategic Metals Extraction Power Metal becomes 75% owners of GSA (Environmental) Limited Read the full announcement here: https://bit.ly/3V2UI9H Power Metal Resources PLC (🇬🇧AIM:POW, 🇺🇸OTCQB:POWMF) is pleased to announce the completion of the acquisition of 75% of the Issued Share Capital of GSA (Environmental) Limited (“GSAe”) initially announced on 29 February 2024. ⏩ Following successful completion of due diligence and customary pre-conditions, all parties have executed on the Share Purchase Agreement making Power Metal Resources 75% owners of GSAe. ⏩ GSAe is a privately owned UK-headquartered engineering technology provider and process licensor, which specialises in the extraction of critical and strategic metals from ‘secondary sources’ including power station ash, refinery waste, titanium dioxide waste and spent catalysts focused on creating a suite of by products rather than industrial waste. ⏩ GSAe aspires to be the first-choice global provider of technological solutions to environmental problems posed by toxic metals in waste products. 📢 Sean Wade, CEO of #POWMet, commented: “I am delighted to announce the completion of this seminal transaction for Power Metal. We have very exciting plans for this business and are looking forward to updating shareholders soon on contract signings and progress towards a significant revenue contribution to the Power Metal portfolio.” $POW $POWMF #POW #acquisition