US Expands Critical Minerals List, Attracting Significant Attention
Critical Minerals Addition: The U.S. has added 10 minerals, including uranium and copper, to its critical list, prompting a global investment of $6.4 billion in 26 strategic projects to secure supply chains.
Homeland Uranium Corp. Acquisition: Homeland Uranium Corp. has acquired the Skull Creek Project in Colorado, enhancing its position in the uranium sector and preparing for drilling to modernize resource estimates.
PMET Resources Feasibility Study: PMET Resources has released a positive feasibility study for its lithium project, indicating significant reserves and potential to become a major player in the lithium supply chain.
Amerigo Resources Financial Performance: Amerigo Resources reported strong Q3-2025 results with a net income of $6.7 million, achieving debt-free status and increasing its quarterly dividend, reflecting improved financial health.
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Saks Appoints New CEO and Files for Bankruptcy with $1.75 Billion Debt
- New CEO Appointment: Saks has appointed Geoffroy van Raemdonck as the new CEO effective immediately, succeeding Richard Baker, aiming to navigate the company through its current challenges.
- Bankruptcy Filing: Following its acquisition of Neiman Marcus, Saks has increased its debt to approximately $1.75 billion, and despite securing financing commitments, it faces a daunting market environment.
- Deteriorating Retail Landscape: The bankruptcy of Saks highlights the struggles of high-end department stores in recovering post-pandemic, as consumers shift towards cheaper private-label brands and low-cost e-commerce options, impacting Macy's and Kohl's as well.
- Market Reaction: The news of Saks' bankruptcy led to a nearly 6% drop in Kohl's shares and a 4% decline in Macy's, reflecting market pessimism regarding the future of the department store sector.

Saks Global Faces $1 Billion Financing Crisis Amid Bankruptcy Consideration
- Financing Challenges: Saks Global is struggling to secure up to $1 billion in financing necessary for survival, as investor concerns over its ability to reorganize hinder progress, potentially leading to bankruptcy filing.
- Historic Struggles: As a 159-year-old luxury retail chain, Saks' financing issues not only threaten its immediate survival but also risk eroding its historical brand value, further weakening its competitive position in the market.
- Bankruptcy Risk: Without securing bankruptcy financing, Saks faces the risk of liquidation, which would have significant repercussions for its employees and supply chain, potentially leading to a decline in consumer confidence.
- Market Reaction: Investor sentiment towards Saks remains cautious, which could result in further declines in its stock price, impacting the overall luxury goods market amid increasing economic uncertainty.






