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Energy Department Issues RFP to Continue Swift Execution of President Trump’s 172-Million-Barrel Strategic Petroleum Reserve Exchange

Energy Department Issues RFP to Continue Swift Execution of President Trump’s 172-Million-Barrel Strategic Petroleum Reserve Exchange

The U.S. Department of Energy (DOE) issued a new Request for Proposal (RFP) on April 30, 2026, for an emergency exchange of up to 92.5 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action is a continuation of President Trump’s 172-million-barrel release, part of a larger 400-million-barrel coordinated effort by International Energy Agency (IEA) member nations aimed at stabilizing global oil supplies. The initiative leverages the SPR’s exchange authority to provide immediate market relief while growing the reserve through premium barrel returns from participating companies.

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Kodiak, Teck sign LoI to establish new copper exploration company

Kodiak, Teck sign LoI to establish new copper exploration company

Kodiak Copper and Teck Resources have signed a Letter of Intent (LoI) with Kay Copper to establish a new US-focused copper exploration company, slated for a TSX Venture Exchange listing. This strategic partnership involves transferring Kodiak's Mohave project and Teck's Copper Hill project, both located in Arizona, into a subsidiary of Kay Copper. The collaboration aims to advance these promising porphyry copper assets amidst growing global demand for the critical metal.

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Infini Resources begins drilling at Saskatchewan uranium sites

Infini Resources begins drilling at Saskatchewan uranium sites

Infini Resources has commenced its initial diamond drilling program at the Reynolds Lake and Reitenbach Lake uranium projects in northern Saskatchewan, Canada. This pivotal campaign involves at least 2,500m of drilling across a minimum of 12 drill-holes, targeting high-priority geophysical and geochemical anomalies in the largely unexplored eastern Athabasca Basin. The program represents a significant move from target generation to direct drill testing for potential high-grade uranium mineralization in one of the world's premier uranium jurisdictions.

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Secretary Wright Signs Agreements To Grow American LNG Exports, Advances 'Trump Peace Pipelines Framework'

Secretary Wright Signs Agreements To Grow American LNG Exports, Advances 'Trump Peace Pipelines Framework'

U.S. Secretary of Energy Chris Wright recently announced a series of significant agreements at the Three Seas Initiative (3SI) Summit in Dubrovnik, Croatia, signaling a substantial increase in American energy influence across Central and Eastern Europe. These deals, valued at billions of dollars in private capital, are set to bolster the region's energy security through expanded U.S. liquified natural gas (LNG) imports, new natural gas infrastructure, and advancements in civil nuclear cooperation, including the deployment of U.S. small modular reactor (SMR) technology. The initiatives are anchored by the formal launch of the "Trump Peace Pipelines Framework," aiming to solidify the U.S. as a premier energy partner and create significant demand across the mining and construction sectors.

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EVelution Energy and Mitsui sign $850m cobalt supply deal

EVelution Energy and Mitsui sign $850m cobalt supply deal

EVelution Energy has secured a significant $850 million, five-year cobalt offtake agreement with Japanese trading giant Mitsui, announced on April 29, 2026. This landmark deal will see Mitsui receive the majority of cobalt output from EVelution Energy’s new Arizona processing facility, set to become the first commercial-scale cobalt metal and cobalt sulphate plant in the United States. The agreement underscores a concerted effort by the US and Japan to diversify critical mineral supply chains, enhance domestic refining capabilities, and mitigate strategic dependence on non-allied nations for essential materials like cobalt.

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LaFleur signs agreement to acquire McKenzie East in Canada

LaFleur signs agreement to acquire McKenzie East in Canada

LaFleur Minerals has announced a strategic acquisition of the McKenzie East Gold Project in Québec’s prolific Val-d’Or mining district. This move positions LaFleur adjacent to Fresnillo’s significant McKenzie Break Gold Deposit and aims to bolster the company's vertically integrated mine-to-mill strategy by defining new resources to feed its nearby Beacon Gold Mill. The acquisition, valued at C$30,000 cash and 175,000 common shares, underscores LaFleur's aggressive expansion in one of Canada's premier gold-producing regions, complemented by promising drilling results from its Swanson Gold Project.

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McCarthy, Fasken Martineau lead M&A legal advice in mining for Q1 2026

McCarthy, Fasken Martineau lead M&A legal advice in mining for Q1 2026

<p></p> <p>In a strong start to the year for the mining sector, McCarthy Tetrault and Fasken Martineau DuMoulin emerged as the leading legal advisors for mergers and acquisitions (M&A) during the first quarter of 2026. McCarthy Tetrault secured the top position by deal value, advising on transactions totaling an impressive $7.3 billion, while Fasken Martineau DuMoulin led by deal volume, handling seven distinct transactions. This robust activity, highlighted by a league table from data analytics company GlobalData, signals a buoyant M&A environment and continued strategic reshuffling within the global metals and mining industry.</p> <p>

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Confined Space Rescue Training for Safer Underground Mining

Confined Space Rescue Training for Safer Underground Mining

Underground mining presents inherently hazardous conditions within confined spaces, necessitating rigorous rescue training and robust regulatory compliance. This article, published on April 27, 2026, explores the global frameworks, detailed training components, and essential equipment required to safeguard workers and ensure effective emergency response in these challenging environments. It highlights the critical role of systematic preparedness and technological integration in meeting the evolving safety demands of the modern mining industry.

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Power Minerals acquires Morro do Ferro rare earths project

Power Minerals acquires Morro do Ferro rare earths project

Power Minerals has successfully completed the acquisition of the high-grade Morro do Ferro (MDF) rare earths project in Brazil from Mineração Terras Raras, strengthening its critical minerals portfolio in the region. This strategic move, finalized on April 27, 2026, positions Power Minerals in a region known for its rare earth resources and significant concentrations of magnetic rare earth oxides vital for modern technologies. The project’s promising drill results and plans for extensive exploration underscore its potential to contribute to a diversified global rare earth supply chain.

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Oil and gas: how obsolescence management can save you millions of pounds

Oil and gas: how obsolescence management can save you millions of pounds

As of April 23, 2026, the mining industry faces increasing challenges from component obsolescence in its aging assets, a predicament that engineering specialists highlight as a critical risk to safety, production, and profitability. While asset degradation is inevitable, the substantial costs and operational disruptions associated with reactive maintenance can be mitigated through proactive obsolescence management strategies. This approach, which includes early assessment and re-engineering of critical components, offers a path to significant savings and enhanced operational resilience, preventing costly full-system replacements and unplanned downtime.

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