Countries around the world are in desperate need of key strategic minerals such as high-purity silica, vanadium and titanium. All thanks to growing demand for renewable energy projects, electric vehicles and other advanced technologies. Unfortunately, the strategic minerals market is dominated by China at the moment. Silica alone is massively controlled by China, which accounts for about 70% of global production. It’s why the global community is moving to establish new sources of silica to finally break free of China’s dominance. All of which is a solid catalyst for companies such as Troy Minerals Inc. (CSE: TROY) (OTCQB: TROYF), Ferroglobe (NASDAQ: GSM), Ecolab (NYSE: ECL), Evonik Industries (OTC: EVKIY) and Ecovyst (NYSE: ECVT).
We should also note the silica market – currently valued at about $50.15 billion, according to Emergen Research – could be worth about $120 billion by 2033. That’s because silica is a crucial component of the global materials industry, including construction, manufacturing, electronics, automotive, and consumer goods – multi-billion-dollar industries that must have silica supply.
Any company that can produce the silica the world needs and help break free of China’s strategic minerals dominance could be worth billions.
Look at Troy Minerals Inc. (CSE: TROY) (OTCQB: TROYF), For Example
Troy Minerals Inc. just announced that it has received results from a sampling and mapping program on its 100% owned Table Mountain Silica Project, located near Golden, British Columbia, Canada.
Key Highlights
– Three distinct zones of high-purity silica mineralization identified within the Mount Wilson Quartzite Formation.
– 98.86% SiO2 over a total of 62.11 metres of channel sampling in five channels at the main Table Mountain Zone.
– Outcrop sampling returned 98.18% to 99.74% SiO2 from 45 samples at Table Mountain Zone, 97.83% to 99.49% SiO2 from 13 samples at South Zone, and 95.82% to 99.82% SiO2 from 29 samples at Southeast Zone.
– Very low deleterious elements identified in all samples.
President of Troy Minerals Inc., Yannis Tsitos commented: “These comprehensive maiden assay results validate the potential of Table Mountain as a key high-purity silica asset. Sampling confirmed the exceptional quality and consistency of silica mineralization across the Project. With grades reaching 98 to 99% SiO2 across multiple zones of extensive outcrop exposure, and sampling ranging from 98.18% to 99.74% SiO2 at the main Table Mountain Zone, we are rapidly advancing our understanding of this strategic asset. The Project’s infrastructure advantages and proximity to existing silica operations further enhance its potential as we work to establish Troy as a significant player in the North American high-purity silica market, positioning the Company for long-term growth.”
The sampling program consisted of both systematic grab samples and channel samples, with a total of 110 grab samples (107 outcrop and 3 float) taken within the property area and 70 channel samples collected from 62.11 metres within 74.16 metres of channels.
Other related developments from around the markets include:
Ferroglobe, a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, recently posted financial results for the third quarter of 2024. Dr. Marco Levi, Ferroglobe’s Chief Executive Officer, commented, “Despite the market headwinds, third quarter results were in line with our expectations with adjusted EBITDA of $60 million, slightly higher than in the second quarter, while volumes were impacted by soft demand. We are taking appropriate actions to reduce production in response to current demand trends. We are optimistic that demand will improve in 2025 as the year progresses. “We see significant potential in 2025 in the U.S. ferrosilicon market. The US Department of Commerce has imposed final anti-dumping and countervailing duties of 283% and 748%, respectively, on all Russian ferrosilicon imports. On November 1, the U.S. Department of Commerce announced preliminary anti-dumping duties on Brazil, Kazakhstan, and Malaysia, ranging from 1% to 22%. In addition, preliminary countervailing duties ranging from 2.4% to 61.7% were announced in September against Brazil, Kazakhstan and Malaysia.”
Ecolab Inc. Chairman and CEO Christophe Beck recently noted, ““We had another excellent quarter with broad-based performance throughout our business. Organic sales grew across all of our segments and our operating income margin continued to expand to drive 19% growth in adjusted diluted earnings per share. Strong new business wins and breakthrough innovation helped accelerate our volume growth back to 2%. Our unique ability to deliver significant total customer value has resulted in continued strong value pricing that remains in our targeted 2-3% range despite favorable carry-over pricing benefits now behind us. In a world that remains hard to predict, our innovative solutions are more essential now than ever to our customers as they drive productivity while also reducing water and energy consumption. Our primary focus remains on fueling our positive growth trajectory and continuing to execute on our 20% operating income margin target. Our One Ecolab initiative supports these objectives by leveraging our breakthrough innovation, digital technologies, and global service expertise to deliver best-in-class customer performance in their global operations to keep fueling our growth and margin expansion. With this, we expect a strong finish to the year and with continued good momentum, we look to drive 12-15% growth in adjusted diluted earnings per share in 2025 and beyond.”
Evonik Industries just noted that, “Effective January 1, 2025, Evonik has launched Smart Effects, a new entity counting 3,500 employees worldwide, born from the strategic merger of its Silica and Silanes business lines that will be part of ‘Advanced Technologies’ within the new company organization. This merger leverages the expertise of both business lines to deliver innovative solutions that benefit both customers and the planet. “The new business line is a strategic step by Evonik to strengthen the financing power of our complementary Silanes, precipitated and fumed Silica technology platforms,” stated Lauren Kjeldsen, President of Smart Materials Division at Evonik. “By combining our expertise in molecular silane chemistry and silica particle design, we can deliver differentiated solutions that add value to our customers with a tailored portfolio approach.”
Ecovyst Inc., a leading integrated and innovative global provider of advanced materials, specialty catalysts, sulfuric acid and regeneration services, today announced that its Board of Directors has initiated a strategic review process for its Advanced Materials & Catalysts business. This announcement is an extension of the Board’s ongoing evaluation and review of the business, aimed at maximizing shareholder value. AM&C is comprised of two business units. Advanced Silicas is an internationally leading provider of silica-based advanced materials and catalysts, essential for the production of polyethylene, biocatalysts, and functional chemicals. Zeolyst International, a joint venture with Shell, is a world-leading supplier of zeolite-based advanced materials and catalysts. These are crucial for the production of distillate and sustainable fuels, including renewable diesel and sustainable aviation fuels.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Troy Minerals Inc. by Troy Minerals Inc. We own ZERO shares of Troy Minerals Inc. Please click here for disclaimer.
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