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Harena signs agreement for Paradigm Critical Minerals acquisition

2026-03-18

Harena Rare Earths has entered into an exclusivity agreement to potentially acquire a 100% stake in Paradigm Critical Minerals' rare earth and uranium assets located in San Bernardino County, California. This strategic move, reported on March 17, 2026, aligns with Harena's broader objective to bolster critical mineral supply chains, particularly within the United States, contingent upon comprehensive due diligence and internal approvals. The assets boast promising historical drilling results, including high-grade uranium mineralization and significant rare earth potential, situated in a region with established mining infrastructure near MP Materials' Mountain Pass Mine.

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Energy Department Announces $293 Million in Funding to Support Genesis Mission National Science and Technology Challenges

2026-03-18

The U.S. Department of Energy (DOE) has announced a substantial $293 million funding opportunity through its "Genesis Mission: Transforming Science and Energy with AI" Request for Application (RFA). This initiative invites interdisciplinary teams from National Laboratories, U.S. industry, and academia to develop novel AI solutions addressing over 20 critical national challenges, including advanced manufacturing and, most significantly for our sector, critical materials. This investment aims to leverage artificial intelligence to bolster scientific discovery, enhance energy security, and strengthen domestic supply chains, presenting a significant opportunity for the U.S. mining industry to modernize and innovate.

Eldorado secures operating authorisation for Ormaque deposit

2026-03-18

Eldorado Gold has secured crucial operating authorization for its high-grade Ormaque gold deposit at the Lamaque Complex in Val-d’Or, Quebec, Canada, from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. This approval, announced on March 17, 2026, empowers Eldorado to commence underground mining at Ormaque and transport the ore to the existing Sigma Mill, significantly enhancing production flexibility and reinforcing Lamaque as a cornerstone asset within the company's portfolio. The move underscores Eldorado's strategic commitment to optimizing existing infrastructure and driving long-term value through targeted exploration and operational efficiencies, including plans for ongoing drilling and potential mill expansion studies.

Resolution, USFS conclude land exchange for copper deposits

2026-03-18

Resolution Copper, a joint venture between Rio Tinto and BHP, has successfully concluded a pivotal land exchange with the US Forest Service, marking a crucial step forward for one of the world’s largest undeveloped copper deposits in Arizona. This exchange, which involved Resolution Copper acquiring approximately 2,400 acres while transferring 5,400 acres for conservation, follows a favorable ruling from the US Court of Appeals for the Ninth Circuit. Complementing this milestone, an additional $500 million investment over two years will fund essential enabling works, advancing the project aimed at significantly bolstering America's domestic copper supply.

Trump Administration Keeps Coal Plant Open to Ensure Affordable, Reliable and Secure Power in the Northwest

2026-03-17

The U.S. Department of Energy, under Secretary Chris Wright, has issued an emergency order mandating TransAlta to keep Unit 2 of the Centralia Generating Station in Washington operational. This decision, aimed at averting significant grid reliability issues and potential blackouts across the Northwestern United States, directly counters the unit's scheduled shutdown at the end of 2025. The move signals a broader Trump administration strategy to preserve coal-fired power for grid stability and affordability, impacting the energy generation and coal mining sectors.

JSW Steel initiates coal mining project in Mozambique

2026-03-17

JSW Steel, a prominent Indian steel manufacturer, has officially commenced the Minas de Revuboè (MdR) coking coal project in Mozambique's Tete Province, marking a pivotal step in its backward integration strategy. This initiative, announced on March 16, 2026, secures access to approximately 250 million tonnes of extractable high-quality coking coal from an estimated 850 million tonnes of total reserves, bolstering JSW Steel's supply chain and mitigating exposure to volatile global commodity prices. The project's initial phase targets 2.4 million tonnes per annum of coking coal production over two and a half years, signifying a major industrial development for both India and Mozambique.

Athena Gold concludes Forester Gold Project acquisition

2026-03-17

Athena Gold has significantly expanded its exploration portfolio, concluding the acquisition of the Forester Gold Project in northwestern Ontario, Canada, on March 16, 2026. This strategic move, valued at approximately C$3.36 million in Athena Gold shares, positions the company as a key player in a highly prospective region, with the Forester Project situated near Orla Mining’s successful Musselwhite Gold Mine. The acquisition underscores Athena Gold’s strategy to target potentially overlooked ground with geological characteristics favorable for modern bulk-tonnage orogenic gold systems.

Energy Department Initiates Strategic Petroleum Reserve Emergency Exchange to Stabilize Global Oil Supply

2026-03-16

The U.S. Department of Energy announced a critical Strategic Petroleum Reserve (SPR) emergency exchange of up to 86 million barrels of crude oil, forming the first tranche of a 172-million-barrel U.S. contribution to a 400-million-barrel International Energy Agency (IEA) collective release. This strategic action, initiated on March 13, 2026, aims to stabilize global oil supply amid escalating Middle East tensions and threats to maritime corridors, with companies returning the borrowed oil with a premium to fortify the SPR without taxpayer cost.

Secretary Wright Directs Sable Offshore to Restore the Santa Ynez Unit and Pipeline

2026-03-15

U.S. Secretary of Energy Chris Wright delivered a directive on March 13, 2026, compelling Sable Offshore Corp. to reactivate oil production at its Santa Ynez Unit and the accompanying pipeline system. This federal mandate, issued under the Defense Production Act, aims to mitigate critical supply disruption risks stemming from California’s restrictive energy policies, which have led to a significant reliance on foreign oil, impacting regional and national security, particularly for West Coast military operations. The restoration efforts are expected to boost California's in-state oil production by 15 percent, displace substantial foreign oil imports, and generate hundreds of jobs in Santa Barbara County.

Canyon Resources mobilises surface miner at Cameroon’s Minim Martap project

2026-03-15

Canyon Resources has marked a significant operational milestone at its Minim Martap bauxite project in Cameroon, mobilizing a surface miner with mining operations expected to commence by the end of March 2026. The Australian company is targeting first bauxite production in early Q2 2026, with the initial ore shipment projected for Q3 2026, supported by secured financing through existing cash and an AFG Bank Cameroon facility. This development underscores the project's rapid transition towards becoming a globally significant, high-grade bauxite producer, with ongoing logistics and offtake discussions advancing concurrently.

Lynas, JARE sign MoU on rare earths value chain

2026-03-15

Lynas Rare Earths and Japan Australia Rare Earths (JARE) have signed a non-binding Memorandum of Understanding (MoU) on March 13, 2026, to collaborate across the rare earths value chain, from exploration and development to processing and offtake. This strategic alliance follows an updated availability and supply agreement earlier in March 2026, which secures significant volumes of neodymium-praseodymium (NdPr) and heavy rare earth oxides (HREOs) for Japan until 2038, underscoring a deepening partnership aimed at bolstering a diversified and sustainable global rare earths supply.