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Macmahon secures $247m contract for Mt Marion lithium project

2026-07-15

Macmahon Holdings, through its subsidiary Macmahon Underground, has secured a substantial A$355 million (US$247 million) contract to provide comprehensive mining services at the Mt Marion lithium operation in Western Australia. This three-year agreement, announced on July 15, 2026, includes an option for a one-year extension and supports a pivotal expansion by co-owners Mineral Resources and Jiangxi Ganfeng Lithium to transition the mine to underground operations and introduce a new flotation plant, significantly enhancing its role as a global lithium supplier.

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Nova Minerals completes engineering for Estelle antimony pilot plant

2026-07-15

Nova Minerals has completed the engineering and design phase for its antimony pilot processing plant at the Estelle project in Alaska, marking a significant step towards domestic antimony production. The pilot plant, designed to meet military-grade antimony trisulfide specifications established by the US Department of War, will utilize a cleaner hydrometallurgical method with construction commencing this quarter. This development positions Nova Minerals to address the critical mineral supply chain needs within the United States, particularly for defense and high-tech applications.

Genesis and Vault Minerals sign $8.7bn merger agreement

2026-07-15

Genesis and Vault Minerals have announced an A$12.6 billion ($8.7 billion) merger, poised to create Australia's third-largest gold producer with an estimated annual output of 600,000–700,000 ounces. The deal consolidates significant gold operations exclusively in Western Australia, including key assets near Leonora and Bardoc-Mount Monger, and is projected to yield A$2 billion in post-tax synergies. This strategic combination enhances the combined entity's resource base, financial strength, and market position in the global gold sector.

Toubani secures $208m in funding for Kobada Gold Mine development

2026-07-14

Toubani Resources has successfully secured a comprehensive A$302 million (US$208 million) funding package for the development of its Kobada Gold Mine in Mali. This crucial financing, predominantly comprising a US$160 million gold stream facility with Eagle Eye Asset and a US$48 million strategic equity financing, is designed to ensure the project remains on its accelerated timeline, targeting first gold production by the third quarter of 2027. The package underscores significant investor confidence in the Kobada project, providing the necessary capital for construction completion, VAT payments, and ongoing exploration activities.

Arrow Minerals completes gravity survey at Yarraloola copper site

2026-07-14

Arrow Minerals has significantly advanced its Yarraloola Copper Project in Western Australia's Pilbara region, completing a detailed gravity survey over 791 stations targeting the Ava, Fraser, and Mr Thomas areas. This critical geophysical work, aimed at refining drill targets for later in 2026, is now complemented by funding secured from the WA Government’s Exploration Incentive Scheme for an advanced electromagnetic survey. These integrated efforts set a robust foundation for identifying significant copper mineralization, following Arrow Minerals' recent acquisition of an 80% interest in the promising project.

Arika commences mobilisation for drilling at WA gold projects

2026-07-13

Arika Resources has initiated mobilization for an extensive 20,000-meter-plus drilling campaign across its wholly owned Yundamindra and Kookynie gold projects in Western Australia's highly prospective Leonora-Laverton region. This ambitious program, scheduled to commence in the coming weeks, marks the most active exploration period in the company's history, targeting both high-grade extensions and new discovery opportunities to advance towards a maiden mineral resource estimate at Yundamindra. The systematic exploration strategy, encompassing detailed geological studies, soil sampling, and metallurgical testing, underscores Arika's commitment to unlocking significant gold potential in a world-renowned mining jurisdiction.

ReElement withdraws from $80m Pentagon loan process

2026-07-13

ReElement Technologies, a US rare earths start-up, has withdrawn from a conditional $80 million loan process with the US Department of Defense after failing to meet federal due diligence standards. This decision impacts a broader $700 million critical minerals funding initiative designed to bolster domestic supply chains and reduce reliance on foreign nations, particularly China. The company now intends to prioritize private investment while exploring alternative forms of federal assistance for its critical minerals processing technology.

Riverside, Questcorp complete geophysical surveys at La Union Project

2026-07-12

Riverside Resources and Questcorp Mining have successfully completed expanded geophysical surveys, including aeromagnetic drone and induced polarization (IP) ground surveys, at their La Union Project in Sonora, Mexico. This critical data is being immediately integrated into the ongoing phase two drilling program, significantly enhancing the understanding of subsurface structures and refining exploration targets, particularly at the Union, Union North, and Jabali zones. The findings promise to accelerate the project's development by providing a clearer geological framework for potential carbonate replacement deposit and sediment-hosted gold mineralization.

Tocvan to acquire 49% stake in Pilar mining concessions

2026-07-12

Tocvan Ventures is set to acquire the remaining 49% interest in the Pilar mining concessions from Colibri Resources, consolidating 100% ownership of its Gran Pilar gold-silver project in Sonora, Mexico. This strategic acquisition, valued at C$3.6 million in cash plus a 1% net smelter return royalty to Colibri, is expected to streamline development, expedite decision-making, and fully unlock the project's exploration and production potential. The move positions Tocvan to advance rapidly towards resource definition and pilot production at the promising gold-silver anomaly.

Energy Department Closes Loan to AEP Texas, Delivering Millions in Electricity Cost Savings for Texans

2026-07-11

The U.S. Department of Energy (DOE) has finalized a significant loan of up to $3.26 billion to AEP Texas, aiming to modernize vast sections of the Texas electricity grid and deliver substantial cost savings to over one million households and businesses. This strategic investment, facilitated by the DOE's Office of Energy Dominance Financing (EDF), targets critical infrastructure upgrades, enhancing grid reliability and supporting the surging power demands from key industrial sectors, including the vital oil and natural gas operations in the Permian Basin. The initiative is poised to create thousands of jobs and reinforce the nation's energy security, holding considerable indirect benefits for the broader mining industry through increased demand for raw materials and a more stable, affordable energy supply.

Kenorland completes initial drill programme at Western Wabigoon

2026-07-11

Kenorland Minerals has successfully concluded its initial diamond drill program at the Western Wabigoon Project in north-western Ontario, targeting a significant 3km-long gold-in-till and heavy mineral concentrate anomaly within the W2 area. The summer 2026 campaign, comprising 4,089 meters across nine holes, confirmed key geological structures and identified visible gold in one drill hole, underscoring the project's exploration potential under an option agreement with a Centerra Gold subsidiary. Assay results, crucial for determining the project's future, are anticipated in the third quarter of 2026.