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Element 25 and OM Materials agree binding manganese supply contract

2026-08-04

Element 25, through its subsidiary Butcherbird Operations, has solidified a critical long-term binding offtake agreement with OM Materials, a subsidiary of OM Holdings, for all manganese concentrate produced at its Butcherbird Mine in Western Australia. This strategic five-year deal, extendable by another five, is pivotal for financing the Butcherbird Expansion Project, which aims to increase output to 1.1 million tonnes per annum, and includes provisions for future battery-grade material production. The agreement, announced on August 4, 2026, features a take-or-pay structure, pricing linked to international benchmarks, and crucial prepayment provisions to support the project's cash flow needs as it targets commissioning in Q1 2027.

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Recent Articles

MaxMine launches AI assistant for mining industry

2026-08-04

MaxMine has introduced MAXI, an innovative AI assistant specifically designed for fleet management systems in the mining industry, launching on August 3, 2026. This development aims to significantly improve data accessibility and operational efficiency for site supervisors by providing real-time insights and automating shift reporting. Early trials at Queensland mine sites with Batchfire Resources have demonstrated MAXI's potential to enhance safety, accountability, and communication between operators and supervisors through practical short interval control.

Cove Kaz Capital Group engages operators for Kazakhstan tungsten DFS

2026-08-04

Cove Kaz Capital Group has announced the appointment of a consortium of international engineering firms to conduct a definitive feasibility study (DFS) for its Northern Katpar tungsten project in Kazakhstan. This critical step, which commenced in July 2026 and is slated for completion by the end of 2027, is poised to unlock significant tungsten resources and is strategically aimed at addressing a systemic global shortage, with strong backing from US financial institutions. The project, alongside the nearby Upper Kairakty deposit, targets an annual production of 12,000 tonnes of tungsten trioxide, representing approximately 15% of current global mine output.

Allied Gold and Zijin Gold end arrangement agreement

2026-08-02

Allied Gold and Zijin Gold International Company have terminated their C$5.5 billion definitive agreement for Zijin's acquisition of Allied Gold, citing unmet conditions and external factors impacting large cross-border transactions. Despite this, Zijin will proceed with a strategic investment of approximately 1.99 billion yuan (US$295 million) in Allied Gold, securing a roughly 9.2% equity stake to support Allied Gold's key growth initiatives in Africa, including the Kurmuk project and Sadiola expansion. This strategic pivot highlights the evolving landscape of global mining M&A and the preference for collaborative investment over full takeovers amidst regulatory complexities.

Energy Fuels starts construction on White Mesa Mill expansion

2026-08-02

Energy Fuels has commenced construction on a significant expansion of its White Mesa Mill in Utah, aiming to establish commercial-scale production of heavy rare earth oxides, specifically terbium and dysprosium. This $104 million project is a critical step in the company's strategy to build an integrated mine-to-magnet supply chain in North America and Europe, addressing a severe pinch point in the global permanent magnet industry. The expansion, set to complete initial heavy rare earth circuits by late 2027, will leverage feedstock from the company's Donald Project in Australia and support downstream magnet manufacturing in South Korea and the United States.

Riverside receives mineral titles at Revel and Red Jacket projects

2026-08-01

Riverside Resources has significantly expanded its mineral tenure in south-central British Columbia, Canada, by nearly doubling its land package at the Red Jacket VMS project and adding 30% to its Revel rare earth elements (REEs) project. Announced on July 31, 2026, these strategic expansions consolidate control over prospective mineral belts, enabling more extensive exploration for critical minerals in a stable jurisdiction. The move positions Riverside for advanced exploration, including airborne geophysical surveys and further fieldwork, aiming to delineate drill targets and attract potential partners.

Purecore, Skyharbour sign agreement on Yurchison uranium project

2026-08-01

Purecore Metals has finalized an agreement with Skyharbour Resources to acquire up to a 100% interest in the Yurchison uranium property, strategically located in Canada's prolific Athabasca Basin. This multi-stage earn-in deal, announced on July 31, 2026, involves significant cash payments, share issuances, and substantial exploration commitments, positioning Purecore to capitalize on a strengthening uranium market driven by increasing global electricity demand. The acquisition highlights the continued strategic importance of the Athabasca Basin for future nuclear fuel supply.

WesternX applies for mining lease at Kingsley deposit

2026-07-31

WesternX, a wholly owned subsidiary of Metal Bank, has formally lodged a mining lease application for the Kingsley gold deposit, a cornerstone asset within the Livingstone Project in Western Australia. This strategic move, announced on July 30, 2026, marks a significant advancement in Metal Bank's stated objective of becoming a near-term gold producer, building upon similar applications for other deposits within its portfolio. The Kingsley deposit boasts a JORC 2012 Inferred Mineral Resource Estimate of 1.68 million tonnes at 1.35 grams per tonne gold, equating to 73,000 ounces, underpinning Metal Bank's development pathway in a prominent global mining jurisdiction.

Buscar Company expands Treasure Canyon mining claims

2026-07-31

Buscar Company, through its subsidiary Eon Discovery, has significantly expanded its Treasure Canyon Project in Plumas County, California, by staking 44 new lode mining claims, increasing its land position from approximately 200 acres to nearly 1,098.71 acres. This strategic acquisition aims to cover the interpreted strike extensions of five gold-bearing quartz vein systems, providing a robust footprint for the company's impending 10,000-foot diamond drilling program targeting gold and potential copper-gold mineralization. The move reflects a systematic approach to exploration in a historically rich mining district, with the company anticipating key permitting and financing milestones to advance the project.

Energy Department Announces Partnership to Expand Reliable, Affordable Energy Access and Power America’s AI Future in Western Kentucky

2026-07-30

The U.S. Department of Energy (DOE) has announced a landmark $100 billion private-sector partnership to transform its Paducah Site in Western Kentucky into a massive data center campus powered by new energy infrastructure. Led by Brookfield and NextEra Energy, the project will include 2 gigawatts of natural gas generation and 2.6 gigawatts of battery storage to support a 1.8-gigawatt AI/HPC campus, signaling a significant demand surge for essential mined materials and energy resources. Expected to create 8,000 construction and 600 permanent jobs, this initiative highlights the growing interconnectedness between advanced technology, robust energy supply, and the crucial role of the mining industry in securing the raw materials for both.

Meteoric and POSCO sign partnership on Brazil rare earths project

2026-07-30

Meteoric Resources has forged a significant non-binding strategic partnership with POSCO International to advance its Caldeira Rare Earth Project in Brazil, a move securing a vital supply of magnetic rare earths for POSCO's burgeoning mine-to-magnet supply chain. This collaboration could see POSCO off-taking up to 30% of Caldeira's output for seven years, bolstered by potential financing support and technological exchange, underscoring the growing global imperative for diversified critical mineral sourcing.