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La Mancha Resource Fund to acquire 19.9% stake in Miata Metals

2026-08-02

The La Mancha Resource Fund has announced a strategic investment of approximately C$12.7 million (US$9.03 million) to acquire a 19.9% stake in Miata Metals, making it the largest shareholder. This significant move, announced on July 30, 2026, aims to accelerate exploration at Miata's 215km² Sela Creek project in the Guiana Shield, a region La Mancha considers highly prospective for gold. The investment not only provides crucial capital but also includes investor rights, signalling a long-term, supportive partnership to advance the project toward becoming a material-scale gold system.

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Recent Articles

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.

Why material selection is critical to withstand some of the harshest operating conditions in mining

2026-07-30

The mining industry faces escalating challenges in mineral processing, as increasingly aggressive conditions render traditional materials inadequate. This article explores how advanced material selection and engineered surface technologies are becoming critical for extending component life, significantly improving safety, and reducing costly unplanned downtime across the mining value chain. A prime example is Callidus's patented BM-1600 coating system, which demonstrates a 400% increase in valve trim life for severe-service applications like High-Pressure Acid Leaching (HPAL) and Pressure Oxidation (POX).

Nuclear Lifecycle Innovation Campuses Contenders Announced

2026-07-29

The U.S. Department of Energy (DOE) announced on July 28, 2026, the selection of Utah, Tennessee, Oklahoma, Louisiana, and Idaho as potential hosts for Nuclear Lifecycle Innovation Campuses. This landmark initiative aims to significantly strengthen and modernize the nation's nuclear fuel cycle, attracting up to $50 billion in capital investment, generating $10 billion in tax revenue, and creating nearly 25,000 high-paying jobs per campus. These campuses are pivotal to President Trump's vision for American energy dominance and signal a major resurgence in the domestic nuclear energy sector, with profound implications for the mining industry, particularly in uranium supply.