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American Ocean Minerals finishes first offshore exploration mission in Cook Islands

2026-06-26

American Ocean Minerals Corporation (AOMC) has successfully completed Expedition 7 in the Cook Islands, a critical research mission focused on environmental baseline studies and resource refinement for future deep-sea mineral exploration. This significant milestone, which involved comprehensive data collection using the refurbished MV Anuanua Moana, supports the company's ambition to transition polymetallic nodule assets from exploration to potential commercial harvesting. The expedition's findings are central to upcoming environmental impact statements and pre-feasibility studies, reinforcing AOMC's strategic partnership with Odyssey Marine Exploration and its commitment to responsible deep-sea resource development.

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DOE Announces Travis Kavulla as Bonneville Power Administration Administrator

2026-06-26

The U.S. Department of Energy (DOE) has announced Travis Kavulla as the new Administrator and CEO of the Bonneville Power Administration (BPA), effective with his swearing-in on June 29, 2026. This appointment signifies a strategic move to bolster energy infrastructure and grid reliability in the vital Pacific Northwest, a region crucial for various energy-intensive industries, including mining. Kavulla’s extensive experience is expected to further BPA’s mission of delivering affordable, reliable, and secure power, directly impacting operational stability and long-term investment prospects for mineral resource development.

RCT tech helps historic mine navigate the transition to surface mining

2026-06-26

In a significant development for Canadian mining, RCT, powered by Epiroc, has been instrumental in the successful transition of a historic, prominent Canadian nickel mine from underground to open pit operations. By implementing advanced agnostic automation, including AutoNav Tele on CAT heavy machinery and specialized safety systems like Geofence Zones, the project has not only enhanced operational safety amid the complexities of mining above old voids but also significantly improved operator comfort in extreme weather conditions. This initiative, completed last year, sets a precedent for modernizing brownfield sites and underscores the critical role of innovative technology in extending mine life and ensuring worker well-being in challenging environments.

REalloys raises $100M via institutional placement

2026-06-26

REalloys, a Euclid, Ohio-based company, has successfully secured $100 million through an institutional share placement, earmarking these funds for the development of its ambitious vertically integrated rare earth magnet supply chain. This strategic capital injection aims to establish domestic industrial independence for critical defense-grade materials, supported by upstream assets like Hoidas Lake and a significant 15-year offtake agreement for heavy rare earth concentrates from Greenland's Tanbreez project. The financing announcement closely precedes reports that REalloys may construct a rare earth separation facility at the Toole Army Depot in Utah, signalling robust US government support for critical mineral reshoring efforts despite a temporary dip in REalloys' stock price following the news.

U.S., Qatar, Nigeria, and Algeria Warn Proposed E.U. Methane Regulations Could Disrupt Europe's Oil and Gas Supply

2026-06-25

In a rare joint intervention on June 24, 2026, the United States, Qatar, Nigeria, and Algeria issued a stark warning to European Union leaders, indicating that the proposed EU Methane Regulation (EUMR) could severely disrupt Europe's vital oil and natural gas supplies beginning in January 2027. The four nations, acting as Europe's largest energy suppliers, highlighted critical flaws in the regulation's measuring, reporting, and verification (MRV) requirements, urging immediate amendments to prevent significant negative supply and price impacts across the continent.

Endurance Gold hits high-grade step-outs at Reliance project

2026-06-25

Endurance Gold has reported significant high-grade gold intercepts from its 2026 drill program at the Reliance project in southern British Columbia, with results positioning mineralization outside the current inferred resource for potential future inclusion. These new findings, including 14.7 metres grading 7.67 grams gold per tonne, are crucial as the company progresses towards a Preliminary Economic Assessment this year, signaling a strategic shift from discovery to development at the promising Bridge River camp asset. The exploration success aims to upgrade and expand the existing 1.45 million ounce inferred resource, reinforcing Endurance's growth trajectory in the Canadian gold sector.

World’s largest EV battery repurposing megafactory opens in British Columbia

2026-06-25

Moment Energy has officially launched Megafactory 1 in Surrey, British Columbia, on June 24, 2026, marking it as the world’s largest electric vehicle (EV) battery repurposing facility. This innovative operation transforms retired EV batteries into essential energy storage systems, aiming to produce 1 GWh by 2030 and address critical electricity demand surge from AI, data centers, and grid modernization, while simultaneously creating new jobs and bolstering North America's domestic manufacturing capacity.

Department of Energy Announces American Nuclear Supply Chain Loans

2026-06-24

The U.S. Department of Energy (DOE) has announced a conditional loan commitment of $17.5 billion through its Office of Energy Dominance Financing (EDF) to revitalize America's commercial nuclear supply chain. This substantial financing aims to accelerate the deployment of 10 new large-scale Westinghouse AP1000® reactors by up to three years, targeting an additional 11 GW of clean electricity and prompting significant implications for the domestic uranium mining sector. The initiative underscores a strategic push for U.S. energy independence and the rebuilding of critical manufacturing capabilities.

Deutsche Bank cuts Q3 gold price target by 22%

2026-06-24

Deutsche Bank has significantly revised its near-term gold price targets, cutting its third-quarter 2026 forecast by 22% to $4,300 per ounce, citing Federal Reserve policy repricing and resilient U.S. economic data. While still projecting price increases above current levels by year-end, the adjustment reflects growing macroeconomic headwinds, impacting market sentiment and strategic planning across the global mining industry.

Aclara Resources gets environmental OK for Chile rare earths project

2026-06-24

Aclara Resources has secured the final environmental approval for its Penco Module rare earths project in Chile, a significant milestone after more than four years of permitting bureaucracy. This development positions Aclara to become a key player in establishing a Western vertical rare earth supply chain, with the project projected to produce 774 tonnes of rare earth oxides annually over 14 years. The company now aims to finalize permitting and begin construction in early 2027, highlighting the broader need for governmental coordination to capitalize on critical minerals demand in Latin America.

Masan looks to foreign investors with tungsten mine growth

2026-06-23

Masan High-Tech Materials (MHT), Vietnam's leading producer, has unveiled plans to significantly expand its Nui Phao mine and Nui Chiem site, potentially adding 115 million tonnes of tungsten-polymetallic resources and extending operations for decades. This strategic move, announced amidst global demand for critical minerals and tightening non-China supply, is closely linked with Masan Group's efforts to attract international investors through a potential stake sale and aims to bolster Vietnam's position in the global tungsten market while enhancing MHT's corporate profile.