Peabody Energy

Peabody was selected by the US Department of Energy for a grant to advance production of rare earths and critical minerals from deposits in the Powder River Basin in Wyoming. The company had already received a grant from the Wyoming Energy Authority and stresses that the work is intended to support the build-up of a domestic supply chain for energy-, technology- and security-relevant materials. The amount of funding and timeline were not disclosed; the stock trades at $22.43 and is, according to analysis, considered undervalued with a solid balance sheet. » More on de.investing.com

Peabody names Bryan Quinn, effective August 1, 2026, as president of global operations; he will report to the chief operating officer, lead global operations from Brisbane and be a member of the executive leadership team. Quinn joins from Aurelia Metals, previously spent 25 years at BHP and brings more than 30 years of mining experience, including leadership in open‑pit and underground mining as well as M&A and joint‑venture management. The release lists Peabody’s market capitalization at USD 2.8 billion and points to recent share performance and a balance sheet with more cash than debt. » More on de.investing.com

Peabody has issued a privately placed $225 million convertible bond (coupon 0.50%) maturing on June 1, 2031; settlement is scheduled for June 2, 2026 and investors have an option on an additional $25 million. The initial conversion rate is 26.0970 shares per $1,000 principal (conversion price approx. $38.32), about 32.5% above the latest volume-weighted average price. Peabody plans to use about $15 million for capped-call transactions and to apply the remaining proceeds together with cash to repurchase existing convertible bonds (principal approx. $241.2 million) for about $388.8 million. The bonds were offered solely under Rule 144A to qualified institutional buyers; Peabody’s ability to redeem early is limited before June 5, 2029. » More on de.investing.com