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Energy Department Announces Up to $65.5 Million to Advance Domestic Oil and Natural Gas Production and Delivery

Energy Department Announces Up to $65.5 Million to Advance Domestic Oil and Natural Gas Production and Delivery

The U.S. Department of Energy announced up to $65.5 million in federal funding on July 23, 2026, for research, development, and deployment projects aimed at bolstering domestic oil and natural gas production. This initiative focuses on maximizing resource value, enhancing supply chain resilience, and optimizing operations through digitalization, underscoring a commitment to strengthen America's energy infrastructure and secure affordable energy supplies for various industrial sectors, including mining.

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Blake Cassels & Graydon leads H1 2026 M&A legal advice in mining by value

Blake Cassels & Graydon leads H1 2026 M&A legal advice in mining by value

During the first half of 2026, Blake Cassels & Graydon and Cassels Brock & Blackwell emerged as the dominant legal advisors in the global metals and mining M&A sector, leading in deal value and volume, respectively. Blake Cassels & Graydon topped the value rankings with an impressive $13.8 billion in advised deals, while Cassels Brock & Blackwell led in volume, handling 13 transactions. This recent league table data from GlobalData underscores a dynamic M&A landscape driven by significant capital movements and strategic consolidations within the mining industry.

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Sun Silver to acquire Bayan Springs North Project in Nevada

Sun Silver to acquire Bayan Springs North Project in Nevada

Sun Silver has significantly expanded its footprint around the Maverick Silver Project in Nevada, US, through the acquisition of the Bayan Springs North Project and additional claim staking. This strategic move consolidates a continuous 15-kilometer mineralized corridor, much of which remains largely untested, and follows encouraging drill results including 70.1 meters at 160 grams per tonne silver equivalent. The company's focus on a new Northern Target, exhibiting Carlin-style geological indicators, underscores the potential for substantial resource growth beyond Maverick's existing 539 million ounces of silver equivalent.

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United States and Saudi Arabia Reach Historic Nuclear Cooperation Agreement

United States and Saudi Arabia Reach Historic Nuclear Cooperation Agreement

<p></p> <p>In a landmark development for the international energy landscape, the United States and Saudi Arabia formally established a peaceful nuclear cooperation framework on July 22, 2026. U.S. Secretary of Energy Chris Wright and Saudi Minister of Energy HRH Prince Abdulaziz bin Salman signed a 123 agreement and an accompanying bilateral safeguards agreement, paving the way for a multi-billion-dollar, decades-long partnership. This accord is poised to significantly expand American nuclear technology exports, create high-paying U.S. jobs, and, crucially for the mining sector, signal a substantial long-term increase in global uranium demand.</p> <p>

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BMO Capital Markets leads M&A financial advice in mining for H1 2026

BMO Capital Markets leads M&A financial advice in mining for H1 2026

BMO Capital Markets has solidified its position as the top financial advisor for mergers and acquisitions in the global metals and mining sector for the first half of 2026, leading both in deal value and volume. The North American investment bank provided advisory services for 13 significant transactions totaling $17.9 billion, marking a substantial year-over-year increase driven by its involvement in multiple billion-dollar deals. This repeated leadership highlights a dynamic period for mining M&A, underscoring the strategic importance of expert financial counsel in complex industry transactions.

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Rio Tinto signs bio pellet supply deal with SCL for refineries in Queensland

Rio Tinto signs bio pellet supply deal with SCL for refineries in Queensland

Rio Tinto has signed a five-year offtake agreement with Australian firm SuperChar (SCL) for bio pellets, commencing deliveries in 2028, to be used in its alumina refineries in Gladstone, Queensland. This strategic move, following successful operational trials and a feasibility study, aims to replace a portion of the coal used in steam generation, with the potential to significantly reduce Scope 1 carbon emissions by up to 90,000 tonnes annually. The initiative underscores Rio Tinto's commitment to decarbonizing its energy-intensive alumina production and supports the development of new agricultural-industrial supply chains in Queensland.

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Energy Secretary Secures Grid Amid Period of Hot Weather

Energy Secretary Secures Grid Amid Period of Hot Weather

The U.S. Department of Energy (DOE) issued an emergency order to the Southwest Power Pool (SPP) on July 21, 2026, to prevent blackouts amid severe hot weather conditions, authorizing the dispatch of backup generation. This critical intervention, championed by Secretary Chris Wright, underscores the Trump Administration's focus on grid reliability following a national energy emergency declaration. For the mining sector, an energy-intensive industry, such measures are vital for operational stability, safety, and economic viability amidst escalating power demands and infrastructure challenges.

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Eramet and Gabon sign MoU to boost local manganese ore processing

Eramet and Gabon sign MoU to boost local manganese ore processing

Eramet, its subsidiary Eramet Comilog, and the Gabonese Republic have formalized a landmark Memorandum of Understanding aimed at significantly boosting local manganese ore processing within Gabon. This strategic alliance, signed in Paris, outlines a detailed roadmap to evaluate three distinct industrial projects, with the ambitious goal of transforming up to 700,000 tonnes per annum of manganese ore by 2031, targeting both the battery and steel sectors. The initiative underscores Gabon's commitment to industrial diversification and value addition from its rich mineral resources, backed by Eramet's long-term commitment to the region.

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Eagle Mountain and Nittetsu Mining to assess new mineral projects

Eagle Mountain and Nittetsu Mining to assess new mineral projects

Eagle Mountain Mining and Japan's Nittetsu Mining have signed a non-binding Memorandum of Understanding (MoU) on July 21, 2026, to jointly identify and assess new mineral projects. Building on their existing partnership at the Oracle Ridge Project in Arizona, US, the collaboration will focus predominantly on copper, gold, lead, lithium, nickel, silver, and zinc across various project stages in Australia and North America. This strategic alliance aims to leverage shared expertise and capital in an increasingly competitive global mining landscape, highlighting a growing trend towards collaborative growth and resource security.

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Perenti’s AMS to sell mining fleet to AngloGold Ashanti

Perenti’s AMS to sell mining fleet to AngloGold Ashanti

Perenti’s subsidiary, African Mining Services (AMS), operating as the AMAX joint venture, has reached an agreement to sell its mining fleet at the Iduapriem Gold Mine in Ghana to AngloGold Ashanti. This strategic move, which involves a transition period of approximately six months from July 17, 2026, marks the evolution of Perenti's contract mining portfolio, offering capital recycling opportunities from anticipated sale proceeds of A$30-A$40 million. For AngloGold Ashanti, the acquisition signals a potential shift in operational strategy towards greater integration and control at its significant Ghanaian asset.

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