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Gold Reserve launches American Heralds in the US

Gold Reserve launches American Heralds in the US

Gold Reserve has announced the formation of American Heralds Mining Corporation, a new US-based entity, and plans a strategic spin-out to transfer its Venezuelan mining interests, including the Siembra Minera project, and its Alaskan property to American Heralds. This initiative, targeting a Q3 2026 completion, aims to bolster US critical mineral supply chains, aligning with national security objectives and setting the stage for American Heralds' potential US IPO, while Gold Reserve transitions to an investment holding company under a new name, Hamilton American Holdings.

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Trafigura to build new aluminium smelter in Egypt

Trafigura to build new aluminium smelter in Egypt

Trafigura, a global commodity trading giant, has signed a term sheet with the Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding (MIH) to develop a new primary aluminium smelter and an adjoining anode plant at Egyptalum’s Nag Hammadi site. This significant initiative, estimated to cost between $750 million and $900 million, will nearly double the location's current production capacity to 300,000 tonnes per annum of primary aluminium, strategically enhancing global supply chain diversification amidst tightening inventories.

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Gold price rebounds on US-Iran deal hopes

Gold price rebounds on US-Iran deal hopes

Gold prices experienced a significant rebound on May 5, 2026, surging by 3.6% to over $4,700 per ounce, as optimism surrounding a potential US-Iran peace deal alleviated concerns over inflation and a prolonged period of high interest rates. This upswing, which also saw silver climb over 6%, marks a reversal after a 10-week conflict had previously caused bullion to decline by 11%. The market now shifts its focus to upcoming US economic data and the Federal Reserve's monetary policy, though official-sector gold purchases continue to underpin a positive long-term outlook for the metal.

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Trafigura in talks to build aluminum smelter in Egypt

Trafigura in talks to build aluminum smelter in Egypt

Commodity trading heavyweight Trafigura is in advanced negotiations with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding Company (MIH) to develop a new 300,000-tonne-per-annum (tpa) primary aluminum smelter and an associated 150,000-tpa anode plant in Egypt. This significant project, estimated at $750-$900 million, aims to nearly double Egyptalum’s existing production capacity and provide a critical new source of primary aluminum amidst global supply shortages and geopolitical disruptions in the Middle East.

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CIM appoints Lucy Potter as 2028-29 president-elect

CIM appoints Lucy Potter as 2028-29 president-elect

The Canadian Institute of Mining Metallurgy and Petroleum (CIM) has announced the appointment of Lucy Potter as its president-elect for the 2028-2029 term, effective May 2028. Potter, currently General Manager, Technical and Sustainability, at Rio Tinto Iron & Titanium and Diamonds, brings over 25 years of extensive experience across the mining value chain, including senior leadership roles at major global miners. Her appointment signals a strategic focus on balancing growing global demand with sustainable development and fostering operational excellence within the Canadian minerals and metals industry.

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Op-Ed: The copper supply crisis is a sulfur management crisis

Op-Ed: The copper supply crisis is a sulfur management crisis

A recent op-ed by Randy Allen, published May 4, 2026, highlights that the escalating copper supply crisis is fundamentally a sulfur management crisis, exacerbated by critical global supply chain disruptions. Recent export halts from China and Russia, alongside restrictions from other nations, have exposed the strategic importance of sulfuric acid, challenging the mining industry's long-held perception of sulfur as merely a waste product. This shift necessitates a re-evaluation of processing methods to transform sulfur into a valuable revenue stream, crucial for securing future copper production and domestic industrial self-sufficiency. <p> </p>

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Falcon Copper, Glencore to boost US minerals supply chain

Falcon Copper, Glencore to boost US minerals supply chain

Falcon Copper and Glencore International have signed a non-binding Memorandum of Understanding to collaborate on critical minerals projects, specifically targeting the bolstering of the US supply chain. This strategic alliance aims to channel up to 1.6 million tonnes per annum of copper concentrate to Falcon’s proposed smelting and refining facilities in the United States, thereby reinforcing domestic processing capabilities for essential minerals.

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New Earth expands Lucky Boy project with 268 acres in Arizona

New Earth expands Lucky Boy project with 268 acres in Arizona

New Earth Resources has significantly expanded its Lucky Boy Uranium Project in Gila County, Arizona, securing an additional 268 acres of state mineral lease land. This strategic acquisition, approved by the Arizona State Land Department following an application in February 2026, nearly doubles the company's land holdings at Lucky Boy to approximately 541 acres, strengthening its position in a historically productive uranium region. The expansion is anticipated to provide substantial flexibility for future exploration and development in a revitalized global uranium market.

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Ontario to axe early-stage red tape, mining minister says

Ontario to axe early-stage red tape, mining minister says

Ontario is set to enact new legislation this autumn to significantly reduce regulatory burdens on early-stage mining projects, aiming to catalyze private investment and shorten development timelines. This move coincides with a strategic pivot in the province's mineral strategy from electric vehicle components towards "defence metals," amidst stalled battery plant projects. Furthermore, Ontario is strongly backing Toronto's bid to host the NATO Defence, Security and Resilience Bank, leveraging its robust mining finance and defence sectors to strengthen North American supply chains and influence ongoing Canada-United-States-Mexico Agreement (CUSMA) review discussions.

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Op-Ed: What Canada’s sovereign wealth fund, defence industrial strategy mean for miners

Op-Ed: What Canada’s sovereign wealth fund, defence industrial strategy mean for miners

Canada has launched two significant federal initiatives – the Canada Strong Fund, a new national sovereign wealth fund with C$25 billion over three years, and a comprehensive Defence Industrial Strategy. These efforts, highlighted by industry experts Jennifer Wasylyk and Carla Potter of Cassels, signal a fundamental redefinition of critical minerals as national security assets rather than mere commodities, profoundly impacting how mining projects may be financed, prioritized, and regulated across the nation.

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