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Energy Secretary Continues Progress to Strengthen Energy Reliability in Puerto Rico

Energy Secretary Continues Progress to Strengthen Energy Reliability in Puerto Rico

The U.S. Department of Energy (DOE) has renewed two critical emergency orders for Puerto Rico, authorizing the local electric authority to exceed normal generation limits and enhance vegetation management to ensure grid stability. Effective immediately and extending through August 9, 2026, these measures aim to bolster energy reliability ahead of peak summer demand and the upcoming hurricane season, building on previous successes in preventing island-wide blackouts. This initiative highlights the crucial role of resilient energy infrastructure, offering valuable lessons for the global mining sector concerning operational continuity and investment stability.

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AOMC and Odyssey advance merger with SEC filing

AOMC and Odyssey advance merger with SEC filing

American Ocean Minerals Corporation (AOMC) and Odyssey Marine Exploration have filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission, advancing their proposed merger. Valued at approximately $1 billion in equity, the all-stock transaction aims to create a significant platform for the exploration and development of deep-sea polymetallic nodules, focusing on critical minerals and rare earths. This strategic move, expected to finalize in late second or early third quarter of 2026, positions the combined entity, which will operate as American Ocean Minerals Corporation (AOMC) and trade on Nasdaq, to address growing global demand for essential raw materials.

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New episode: OTC 2026 – Insights from the ground

New episode: OTC 2026 – Insights from the ground

The Offshore Technology Conference (OTC) 2026 recently concluded, with an exclusive episode of <em>Energy Technology: Industry Insights</em> offering a deep dive into the technological trends and disruptive forces shaping offshore oil and gas operations. While primarily focused on energy, the podcast's discussions and the expertise of its parent company, GlobalData, hold significant implications for the mining sector, highlighting shared challenges in automation, sustainability, and complex operational environments. This article explores the key insights from OTC 2026 and their broader relevance to mining industry professionals.

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Energy Department Awards Contracts from the Strategic Petroleum Reserve, Advancing President Trump’s Historic Emergency Exchange

Energy Department Awards Contracts from the Strategic Petroleum Reserve, Advancing President Trump’s Historic Emergency Exchange

On May 11, 2026, the U.S. Department of Energy announced the award of contracts for the exchange of approximately 53.3 million barrels of crude oil from the Strategic Petroleum Reserve. This significant action is part of the United States’ 172-million-barrel commitment to the International Energy Agency’s collective effort to stabilize global oil supplies, marking a critical step in addressing short-term market disruptions and bolstering national energy security. The initiative, hailed by the current administration, further secures a 28% return premium in crude barrels, enhancing the SPR's long-term strength.

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SANY marks 1,000th electric excavator milestone as mining electrification accelerates

SANY marks 1,000th electric excavator milestone as mining electrification accelerates

SANY has reached a significant milestone by delivering its 1,000th electric excavator and commercially deploying 5G remote-controlled equipment as of May 11, 2026. This achievement underscores a broader industry trend of accelerating electrification in mining, a shift highlighted by GlobalData's latest report on battery-electric mining fleets. The integration of electric heavy machinery with advanced connectivity technologies like 5G signals a new era of sustainable and efficient mining operations.

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Larvotto identifies tungsten opportunities at Curry’s Block prospect

Larvotto identifies tungsten opportunities at Curry’s Block prospect

Larvotto Resources is fast-tracking the evaluation of tungsten potential at its Curry’s Block prospect, part of the fully owned Hillgrove Antimony-Gold Project in New South Wales, Australia. This decision comes as Western governments classify tungsten as a critical mineral, with prices reaching record highs amidst China's dominant global production. The company’s comprehensive review of historical data at Curry’s Block has identified a robust gold-tungsten-antimony system, prompting approvals for new diamond drilling to commence shortly, expanding on previous exploration efforts.

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Ontario’s Darlington SMR renews Canada’s nuclear maturity

Ontario’s Darlington SMR renews Canada’s nuclear maturity

Ontario has initiated construction on the first small modular reactor (SMR) within the G7, marking a significant milestone in Canada's nuclear energy strategy amidst rising power demand and tightening fuel markets. The Darlington SMR project, led by Ontario Power Generation, aims to deliver 1,200 MW of capacity by the end of the decade, leveraging the GE Hitachi BWRX-300 reactor design. This development is poised to bolster Canada's energy security, stimulate domestic supply chains for critical minerals, and position the nation as a key player in the global SMR deployment race, though it also introduces new considerations regarding enriched uranium fuel sourcing.

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San Lorenzo hits all-time high on Chile gold assays

San Lorenzo hits all-time high on Chile gold assays

San Lorenzo Gold experienced an all-time high in its stock valuation after announcing new gold assay results from the Arco de Oro target at its Salvadora project in Chile. The drilling intercepts, including 102 meters grading 1.33 grams per tonne gold, indicate the potential for a larger, gold-rich porphyry copper-gold system, significantly boosting investor confidence and solidifying the Canadian junior explorer's position on the TSX Venture Exchange. This development underscores the rich mineral potential of Chile's Atacama region, particularly near Codelco's established El Salvador mine.

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Freeport delays Grasberg full restart to early 2028

Freeport delays Grasberg full restart to early 2028

PT Freeport Indonesia has announced a further delay in the full restart of its Grasberg mine in Central Papua, Indonesia, pushing the target to early 2028. This postponement follows a severe mudflow incident in September last year that halted operations and claimed seven lives, significantly impacting global copper and gold supply chains. The revised timeline, attributed to additional work on logistics and ore handling infrastructure, sees a reduction in projected 2026 copper output and compounds pressures on an already tight global copper market.

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Focus Graphite in Quebec boasts world’s fifth-largest resource

Focus Graphite in Quebec boasts world’s fifth-largest resource

Focus Graphite's Lac Tetepisca project in central Quebec has significantly updated its resource estimate, establishing it as the world's fifth-largest graphite deposit and North America's largest by measured and indicated resources. This milestone, boasting 14.7 million tonnes of contained graphite at 10.2% graphitic carbon, firmly positions Quebec as a critical hub in the global battery metals supply chain, offering a substantial domestic alternative to China for advanced technological applications. The project's high grade, open-pit potential, and strategic location underscore its importance for North American critical mineral independence.

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