BMO Analyst Lowers Alcoa Target; Idaho Strategic Records Strong Year; American Battery Advances Lithium Project

From Nasdaq:

1. BMO Capital Analyst Katja Jancic maintained a Market Perform rating for Alcoa Corporation (NYSE: AA) but lowered her price target from $30 to $29 after Alcoa’s Q4 earnings report, which showed a $2.60 billion in revenue and a quarterly loss of 56 cents per share.

2. Idaho Strategic Resources (NYSE: IDR) announced its full-year results for 2023, with a revenue of $13.6 million and 8,100 ounces of gold production. CEO John Swallow attributed the success to H-Vein, improved mine schedule, and managing costs.

3. American Battery Technology Company (ABTC) (NASDAQ: ABAT) announced upgraded Measured Resource and Indicated Resource classifications for its Tonopah Flats Lithium Project in Nevada, showing a 17% increase in lithium resource size, with a 400-year mine life, $4.41 billion net present value, and a 65.8% internal rate of return. CEO Ryan Melsert said this is an important milestone in the commercialization of the deposit.



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