cosors
👀
The whole article/report:
Here in Germany, the spread is ~30% (buy vs sell and market maker prices). Hopefully that will change now, and I can consider joining in.
Interesting company. I don't know management at all at this point but with similar vibes as talga some 5 years ago. Good quality deposit. Highly sought after outside China. Brazil obviously a bit less stable than the EU but also a lot less stupid in terms of permitting. Worth a gamble. But no clue about longer term prospects.
They can provide SGQ with technical support, as this is their core competence. So far SGQ does not have any R&D facilities or pilot plants like TLG.Well.. it's non-binding and REAlloys is too small to help finance a potential mine, even if they would sign an offtake. As with other non-binding announcements, it's a nice to have but not Material in the sense of company value. The market probably ignores this one. However, the share price still goes straight up, so I don't complain![]()
Wait a minute, Hancock Prospecting => Gina Rinehart = Yeeha!View attachment 91930
Now that's what I call a capital raise! More than 10% of the market capitalisation and the reaction to it is not, as I know it so far, but 17% plus!!
They originally wanted 40 million, which is a lot, and got 72M.
Crazy
Crazy
Their shares may have gone to Macquire Bank, or so it seems, and were therefore not dumped on the market.4 hours ago:
"2025 News Releases
Itafos Partially Monetizes Equity Interest in St George Mining Limited
October 16, 2025
HOUSTON, TX - October 16, 2025 - Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (“Itafos” or “the Company”) today announces that it has partially monetized its ownership interest in St George Mining Limited (“St George”) (ASX:SGQ) (the “Transaction”) that it acquired as consideration for the sale of its Araxá project, announced in February of this year. Between October 13-14, 2025, Itafos sold 277,893,103 ordinary shares of St George (“SGQ Shares”) and expects to receive total gross proceeds of approximately USD$18.3MM on October 16 or 17, 2025 based on current exchange rates and before certain fees and applicable taxes. On October 16, 2025, Itafos issued an exercise notice to exercise the 86,111,025 options at AUD$0.04 per share.
Together with the initial payment received by Itafos in February 2025 of USD$10MM (less withholding tax payable), Itafos has now received total gross proceeds of approximately USD$28.3MM (less applicable taxes and fees) from St. George for the sale of its Araxá project. Under the terms of the sale agreement with St George (the “Sale Agreement”), a further US$11MM is payable in two instalments. Additionally, future value is attributable to the shares issued on exercise of the option, given the options were in the money. This financial result demonstrates the Company’s commitment to monetize its non-core assets, strengthen its balance sheet and deliver value to shareholders.
David Delaney, Chief Executive Officer of the Company commented, “the partial monetization of the ownership interest in St George that we acquired from the divestiture of our Araxá rare earth project earlier this year is another indication of our intentions to deliver long-term value to our shareholders by focusing on our core businesses. The equity interest in St George that we received as a portion of the total consideration for the sale of Araxá had appreciated significantly since the sale closing date as St George has been able to de-risk and advance the development of the project. As a result, we were able to recognize meaningful value from the sale of the SGQ shares at this time.”
About Itafos
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Itafos
Itafos is an integrated producer of phosphate based fertilizers and related products with near term productionitafos.com