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US lithium miner to go public following $571M SPAC deal

2026-04-10

HiTech Minerals, a subsidiary of Australia’s Jindalee Lithium, is poised to go public on the Nasdaq through a $571 million merger with Constellation Acquisition Corp. I, forming a new entity named US Elemental. This strategic move aims to accelerate development of its significant US lithium assets, including the McDermitt deposit in Oregon, positioning the company closer to US capital markets and aligning with national critical mineral priorities in the face of surging demand for battery raw materials.

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DOE’s Office of Energy Dominance Financing Announces Conditional Commitment for a Domestic Medical Isotope Manufacturing Facility

2026-04-10

The U.S. Department of Energy has issued a conditional commitment for a $263 million loan to SHINE Chrysalis, LLC, for a high-volume medical isotope production facility in Janesville, Wisconsin. This strategic investment aims to establish the nation's sole domestic commercial supply of molybdenum-99 (Mo-99), a critical isotope for millions of diagnostic imaging and cancer treatment procedures, thereby enhancing national energy dominance, medical supply chain security, and a robust nuclear workforce.

G Mining to buy G2 Goldfields for $2.2B in Guyana play

2026-04-10

G Mining Ventures has agreed to acquire G2 Goldfields in an all-share transaction valued at C$3 billion ($2.2 billion), consolidating two adjacent gold projects, Oko West and Oko-Ghanie, into a single, district-scale operation in Guyana's Guiana Shield. This strategic move is expected to create an intermediate gold producer capable of delivering over 500,000 ounces of gold annually, leveraging significant operational and capital synergies. The deal underscores a broader consolidation trend in the region as companies seek to build larger, more capital-efficient mining complexes.

NioCorp lines up Traxys as potential buyer for Elk Creek’s planned output

2026-04-10

NioCorp Developments has solidified its pathway to full project financing for its critical Elk Creek project in Nebraska by signing a non-binding agreement with commodity trader Traxys. This landmark deal positions Traxys as the exclusive off-taker and marketing partner for the majority of Elk Creek's planned output for an initial 10-year term, covering 100% of ferroniobium, scandium, titanium dioxide, and rare earth elements, alongside a crucial equity investment of up to $30 million. The agreement is expected to address key diligence items for NioCorp's pursuit of up to $800 million in debt financing from the U.S. Export-Import Bank, significantly advancing a critical domestic source for strategic minerals previously dependent on foreign supply.

FACT SHEET: California’s War on American Energy Impoverishes Residents and Harms National Security

2026-04-09

California's aggressive energy policies have led to the highest electricity and gasoline prices in the nation, crippling residents and industries while tripling the state's reliance on often volatile foreign oil imports. A recent federal intervention, led by President Trump and U.S. Secretary of Energy Chris Wright, has mandated Sable Offshore Corp. to resume operations of the Santa Ynez Unit and its associated pipeline, significantly boosting California's domestic oil production by 15 percent and replacing vital foreign crude supplies. This strategic move aims to enhance national energy security and mitigate the economic vulnerabilities created by restrictive state policies.

First Quantum taps IFC for Argentina copper push

2026-04-09

First Quantum Minerals (FQM) has established a significant partnership with the International Finance Corporation (IFC) for its Taca Taca copper project in Argentina's Salta Province. This collaboration aims to align the substantial $4.2 billion project with global sustainability standards, enhancing its attractiveness for debt financing and promoting responsible mining practices. The move underscores Argentina's growing prominence as a critical minerals jurisdiction and FQM's commitment to advancing one of the world's premier undeveloped copper assets.

Uranium Energy adds second ISR operation with Burke Hollow start

2026-04-09

Uranium Energy Corp. (UEC) has dramatically strengthened its position as a leading domestic uranium producer with the official commencement of operations at its Burke Hollow project in Texas. This milestone marks the first new in-situ recovery (ISR) uranium operation in the United States in over a decade, establishing UEC as the sole U.S. company with two active ISR facilities and reinforcing the nation's push for a secure, domestic nuclear fuel supply chain. The project, tapping into a significant uranium resource in the Texas Uranium Belt, is set to bolster UEC's processing capabilities at its Hobson Central Processing Plant and signals a robust expansion strategy for the Vancouver-based miner.

MEGA Resources mobilises to Tumblegum South project

2026-04-08

Star Minerals is rapidly advancing its Tumblegum South Gold Project in Western Australia, with mining contractor MEGA Resources mobilizing to site in early April 2026. This significant milestone initiates critical preparatory works, including infrastructure setup and initial drilling, targeting first gold production by early 2026. The project, underpinned by a 45,000-ounce gold resource, represents a notable development for Western Australia's dynamic gold sector and for junior explorer Star Minerals.

Lachlan Star starts drilling at New Waverley Project, WA

2026-04-08

Lachlan Star has commenced an initial 1,000-meter diamond drilling program at its New Waverley Gold Project in Western Australia, focusing on historical high-grade quartz reef mineralization in the gold-rich Norseman region. This strategically important move follows the recent acquisition of the project and aims to systematically test a 400-meter mineralized corridor, with a subsequent 2,000-meter reverse circulation drilling phase planned. The program seeks to confirm the continuity and grade of significant gold intercepts, signaling Lachlan Star's commitment to unlocking the project's broader scale potential in a premier gold jurisdiction.

Mayfair Gold to acquire three properties from Plato

2026-04-07

Mayfair Gold has significantly expanded its land holdings near its Fenn-Gib Gold Project in Timmins, Ontario, through the acquisition of three properties—Guibord, Marriott, and Holloway—from Plato Gold for C$2.5 million. This strategic move, announced on April 6, 2026, consolidates Mayfair’s position along the highly prospective Porcupine-Destor Fault Zone within the renowned Abitibi Greenstone belt, promising enhanced exploration leverage and critical infrastructure access for the proposed Fenn-Gib mine.

Mining operations resume at USAC’s Stibnite Hill property

2026-04-07

The United States Antimony Corporation (USAC) has recommenced mining activities at its Stibnite Hill property in Thompson Falls, Montana, significantly ahead of schedule due to unexpectedly mild winter conditions. This early restart, coupled with strategic operational enhancements and substantial government contracts totaling up to $272 million, underscores the growing national importance of domestic antimony production for critical mineral supply chain resilience and national defense.