Thomas McMahon

Gerald Group is pleased to announce the refinancing and upsizing of its Senior Secured Borrowing Base for GT Commodities LLC, the Group’s North American trading entity, totalling US$700 million. The 2-year Facility comprises a US$670 million Revolving Credit Facility, and a new US$30 million Standby Letter of Credit Facility, which provides an efficient margin financing solution to support the Group’s hedging strategies on commodity exchanges. The Facility also includes a Green and Transition Loan sublimit which has increased from US$100 million to US$200 million, supporting the purchase, storage, transport, and delivery of low-carbon metals across North America. Patricia Nikolopoulos, Gerald Group CFO, said: “We are grateful for the continued strong support of our banking partners, which has enabled both the growth and diversification of our borrowing base facility. The introduction of a standby letter of credit represents a notable advancement in the structure of the facility and is a progressive development within the market. This enhanced framework strengthens our financing flexibility and improves the efficiency of our hedging activities, which together with our sustainability-linked loan adds meaningful value to our trading business.” David Bassett, Head of Wholesale Banking North America at Rabobank, said: “We are delighted to partner with Gerald Group on this innovative financing transaction supporting their borrowing base facility. This deal reflects the type of lending opportunities where Rabobank excels, and the inclusion of green and transition loan features underscore our steadfast commitment to sustainable finance and our role in accelerating the energy transition.” https://lnkd.in/eN5DXC9t #CommodityFinance #TradeFinance #CriticalMinerals #Metals #CommodtyTrading 

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Shipbroking group SSY has made an unusual diversification move by buying a commodities brokerage that focuses on uranium and plans to develop a derivatives market for the commodity, reports Holly Birkett. Derivatives arm SSY Futures has acquired US-based broker Uranium Markets for an undisclosed sum. https://lnkd.in/gFE9Kdqf

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⚡️ Gunvor Group enters Japan’s power futures market with its first trade in late June, signaling moves in Asia’s energy sector and surging futures volumes. ⚡️ 🏢 Gunvor Group plans a Tokyo office, showing commitment to Japan after entering Australia’s power market in 2024. 🏢 🌏 Japan’s power market, liberalized in 2016, draws overseas firms chasing price volatility and growth. 🌏 📈 European Energy Exchange AG reports Japan futures volumes more than double in June versus last year, highlighting market momentum. 📈 💼 Gunvor Group will hire in Japan and target the physical power market, deepening regional presence. 💼

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BREAKING NEWS: ADNOC Group dropped its planned $19 billion takeover of Australian natural gas producer Santos Ltd., walking away from an ambitious effort to expand overseas after failing to agree on key terms. A “combination of factors” discouraged the company’s XRG unit from making a final bid, it said Wednesday. The decision was strictly commercial and reflected disagreement over issues including valuation and tax, people familiar with the matter said, asking not to be identified discussing private information. It’s a notable retreat for XRG, the Adnoc spinoff launched to great fanfare last year and tasked with deploying Abu Dhabi’s billions into international dealmaking. The firm has been looking to build a global portfolio, particularly in chemicals and liquefied natural gas, and nixing the Santos transaction may slow an M&A drive aimed at diversifying the Middle Eastern emirate away from crude. Our report with Keira Wright & Stephen Stapczynski Bloomberg News

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Lithium demand is exploding – and consensus has it wrong YJ Lee, fund manager at Arcane Capital Advisors (up +55% YTD), joined us on Money of Mine to explain why the market is underestimating the real driver of lithium prices: demand. • China’s anti-involution policy is putting real pressure on supply • Heavy electric trucks are already doubling year-on-year, each carrying a battery 10x the size of a passenger EV • Stationary storage forecasts for 2030 could be hit in the next two years If you’re still framing the lithium cycle around oversupply fears, you’re missing the story. YJ argues that every three months, the world needs the equivalent of a new major mine just to keep up with demand growth. That’s the equation investors and operators should be focused on. Catch the full conversation with YJ Lee here: • YouTube: https://lnkd.in/g_thGsVi • Spotify: https://lnkd.in/gfSfy5yE

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Nickel Returns on MCX—Affordable. Accessible. Market-Driven. On CNBC_Awaaz, Mr. Rishi Nathany, Chief Business Officer, MCX, shared how the revamped Nickel Futures contract improves market access and real-economy linkage. Designed for robust price discovery, benchmarking, and risk management—supporting manufacturers, traders, and supply chains. Watch the segment: https://lnkd.in/dVhShgwm #MCX #NickelFutures #CommodityMarkets #RiskManagement #PriceDiscovery #TradeWithTrust

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The #bookbuilding for the #IPO of @Jiaxin International Resources Investment Limited, a Hong Kong-based global leader in #tungsten ore production, has officially started. It’s an important milestone for @Astana International Exchange (AIX). The company operates across the entire value chain: from exploration and #mining to ore processing and smelting of tungsten products. Its project in Kazakhstan focuses on developing the Boguty tungsten deposit in the Almaty region. This IPO is remarkable for several reasons: it is the first AIX listing within the Belt and Road segment, the first IPO in Central Asia nominated in Chinese yuan, and the first time the branch registrar mechanism is implemented on AIX’s infrastructure. This innovative mechanism opens new possibilities for Kazakhstani investors and sets a precedent for future issuers seeking to access international markets via AIX. What does this mean in practice? Traditionally, a public company operates with one registrar. However, under the AIFC legal framework, companies are now allowed to appoint a branch registrar – a “local mirror” of the main registrar that maintains a synchronized investor list. For the first time, AIX Registrar is providing this service to Jiaxin, enabling Kazakhstani investors to access securities from jurisdictions where opening depository accounts can be challenging. Bookbuilding opened on 20 August and will close on 25 August. The offering price is 9.93 CNY per share, with a minimum lot size of 400 shares and a total placement volume on AIX of 1.3 million shares. Here’s link for the market notice: https://lnkd.in/eU8iFFFG *This publication is not an investment recommendation.

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🚨 Resolution Minerals (RML) – Commences Trading on OTCQB, Expanding U.S. Investor Access Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) is pleased to announce it has successfully uplisted to the OTCQB® Market in the U.S., commencing trading under ticker code RLMLF. 🇺🇸 🔹 Key Highlights * Commenced trading on OTCQB, upgrading from OTC Pink 🏦 * Significantly expands visibility and access for U.S. retail & institutional investors * Provides exposure alongside U.S.-listed critical metals peers: MP Materials (NYSE: MP), Perpetua Resources (NASDAQ: PPTA), Critical Metals Corp (NASDAQ: CRML), NioCorp Developments (NASDAQ: NB) * Non-dilutive uplisting – no new shares issued, no capital raising * Supports U.S. DoD funding opportunities & fast-track permitting initiatives for critical minerals * Positioned for potential U.S. partnerships, acquisitions, and JVs 📍 Investor Outlook With shares trading at A$0.060, RML offers investors dual-market exposure via the ASX and OTCQB, enhancing liquidity and accessibility. The Horse Heaven Antimony-Gold Project in Idaho sits strategically beside Perpetua Resources’ Stibnite Antimony-Gold Mine — positioning RML to benefit from increasing U.S. investor appetite for antimony, a critical mineral essential for defence, semiconductors, and clean energy technologies. 💬 Board Comment: “This milestone uplisting reflects our commitment to broadening Resolution’s U.S. investor base while aligning with America’s strategic focus on secure critical mineral supply chains.” 📌 Investor Note RML shares remain actively traded on both the ASX (RML) and OTCQB (RLMLF), with drilling underway at Horse Heaven. Read More - https://lnkd.in/gTj-7tS2 #ResolutionMinerals #RML #RLMLF #ASX #OTCQB #CriticalMinerals #Antimony #Gold #HorseHeavenProject #MiningNews #MineralExploration #InvestorUpdate #StrategicMetals #MiningInvestment #CleanEnergy #Semiconductors #USMarkets #ResourceDevelopment #DefenceMetals #CriticalMineralsSupply

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"Commodity trader Gunvor Group has entered the Japanese power market, joining a wave of foreign firms looking to expand into the fast-growing sector... Gunvor executed its first Japan power futures trade in late-June, according to the company’s spokesperson. The firm also plans to open an office in Tokyo as part of its long-term commitment to the region, following its entry into the Australian power market in 2024, the spokesperson said... Japan’s power market, liberalized in 2016, has steadily drawn interest from overseas firms looking to capitalize on its price volatility and growth potential. Japan futures volumes on the European Energy Exchange AG, the largest bourse for the nation’s power derivatives, more than doubled in June versus the same month last year... Gunvor plans to enter the physical power market and hire personnel in Japan, according to the spokesperson. Other overseas participants, including Vitol Group and Goldman Sachs Group Inc., have also moved to trade physical power." #commoditytrading #commoditymarkets #powertrading https://lnkd.in/ea8qNgev

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Commodity Central | "News of Indonesia starting B50 biofuel next year pushed palm oil futures to 4,500 ringgit. The rally was funds-driven and not backed by physical demand," says Sandeep Bhan, SD Guthrie International Trading Full Interview: https://lnkd.in/dfMK2J_E Ashesha Adhvaryu #SDGuthrieInternational Sandeep Bhan

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