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Gina Rinehart becomes largest shareholder in MP Materials

Gina Rinehart becomes largest shareholder in MP Materials

Gina Rinehart’s Hancock Prospecting has become the largest shareholder in MP Materials, increasing its stake to 8.4%. This development coincides with MP Materials’ operational expansion at Mountain Pass, California, and highlights growing international interest in the US rare earth supply chain.

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Catalyst Metals settles legal dispute concerning Plutonic gold belt

Catalyst Metals settles legal dispute concerning Plutonic gold belt

Catalyst Metals has resolved all outstanding legal disputes regarding the Plutonic gold belt in Western Australia, gaining full ownership and enabling accelerated exploration and development activities. The settlement supports the company’s strategy to expand mining operations and optimize the use of its processing infrastructure in a largely underexplored region.

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Horizon to sell Lake Johnston project to Forrestania Resources

Horizon to sell Lake Johnston project to Forrestania Resources

Horizon Minerals has agreed to sell its 100%-owned Lake Johnston project to Forrestania Resources in a transaction valued at approximately $35 million. The sale will allow Horizon to focus on advancing its Black Swan processing facility, with the transaction subject to regulatory and third-party approvals.

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Copper Quest to acquire Alpine Gold mine in British Columbia

Copper Quest to acquire Alpine Gold mine in British Columbia

Copper Quest Exploration has entered into an agreement to acquire 100% ownership of the Alpine Gold mine in British Columbia. The project features a NI43-101 inferred resource of 142,000 ounces of gold and offers potential for further resource expansion and near-term operational opportunities.

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Sandfire, Havilah sign binding term sheet for Kalkaroo alliance

Sandfire, Havilah sign binding term sheet for Kalkaroo alliance

Sandfire Resources and Havilah Resources have signed a binding term sheet establishing a two-stage earn-in structure for the Kalkaroo copper-gold project in South Australia. The agreement enables Sandfire to earn up to an 80% interest in Kalkaroo and creates a framework for regional exploration in the Curnamona Province.

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Rio Tinto mothballs $2.95bn Jadar lithium project in Serbia

Rio Tinto mothballs $2.95bn Jadar lithium project in Serbia

Rio Tinto has suspended development of its $2.95 billion Jadar lithium project in Serbia, citing ongoing permitting challenges and local opposition. The project is being placed on care and maintenance as the company shifts focus to near-term growth opportunities and reorganizes its business structure.

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29Metals awards Gossan Valley mining contract to Byrnecut

29Metals awards Gossan Valley mining contract to Byrnecut

29Metals has awarded Byrnecut Australia a four-year underground mining contract for the Gossan Valley project, part of the Golden Grove operations in Western Australia. The project features an initial six-year mine life, with ore reserves of 1.2 million tonnes and a combined mineral resource of 5.6 million tonnes, supporting ongoing production at Golden Grove.

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Vale iron ore strategy targets India

Vale iron ore strategy targets India

Vale is shifting its iron ore sales strategy to target increased demand from India and other Asian markets amid stable demand in China. The company reported its highest iron ore output since 2018, and is advancing significant capacity expansions in Brazil to support this market shift.

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