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FAST Metals secures $4.3m to boost red mud mineral recovery

2026-07-30

FAST Metals, an innovator in mineral recovery from industrial waste, has successfully secured $4.3 million in pre-seed funding to advance its patented technology for extracting critical minerals from red mud. This significant investment, led by New Climate Ventures and including participation from Rio Tinto, will accelerate the company's technical development and commercial operations, enabling the recovery of valuable metals such as aluminium, scandium, and rare earth elements from vast stockpiles of bauxite residue. Concurrently, FAST Metals has announced its first commercial partnership with Metalox Mineral, underscoring a pivotal step towards establishing sustainable and domestically secure supply chains for essential raw materials.

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Recent Articles

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.

Austral Resources ends Anthill agreement with Glencore and Secover

2026-07-29

Austral Resources Australia has announced the termination of its Anthill Project Agreement (APA) with Glencore and Secover, a strategic move valued at A$51.98 million ($36.36 million) to be finalized by July 2026. This decision aims to significantly enhance Austral’s operational flexibility and transparency, allowing it to leverage its own copper stock and accelerate production at its Mt Kelly processing plant in Queensland. The settlement, comprising both cash and shares, is anticipated to be earnings and cash flow accretive, positioning Austral for improved financial performance and greater control over its integrated mining operations.

Winshear Metals reveals Rodburn Target metallurgical test outcomes

2026-07-29

Winshear Metals has reported highly encouraging initial metallurgical test outcomes for its Rodburn Target within the Portsoy Project in north-east Scotland, UK. The testwork, conducted by Blue Coast Research, confirmed that conventional sequential flotation methods can produce high-quality, saleable copper and nickel concentrates with low penalty element levels, bolstered by significant cobalt content. These results are a crucial step in de-risking the project, validating the potential for economic extraction of critical minerals vital for global energy transition efforts.

Evolution Mining to acquire Carnaby Resources for $149m

2026-07-28

Evolution Mining has announced a binding agreement, dated July 27, 2026, to acquire Carnaby Resources for approximately A$213 million ($149 million) through a scheme of arrangement. This strategic move is set to integrate Carnaby’s Greater Duchess copper-gold project into Evolution’s Ernest Henry operations in north-west Queensland, aiming to boost copper output by an estimated 10,000 tonnes per annum using existing infrastructure. The acquisition underscores Evolution's commitment to consolidating its presence in the highly prospective Cloncurry region and leveraging in-situ processing capabilities.

Makenita expands Sisson West Tungsten Project to 22,665 acres

2026-07-28

Makenita Resources announced on July 27, 2026, a substantial expansion of its Sisson West Tungsten Project in New Brunswick, Canada, increasing its land position from 9,845 acres to 22,665 contiguous acres. This strategic move, driven by promising results from a 2026 airborne magnetic survey, positions Makenita directly adjacent to Northcliff Resources' federally designated "nation-building" Sisson Tungsten Mine. The company is now preparing to design a drilling program, signalling an active exploration period ahead for a project that could significantly contribute to North America's critical mineral supply.

Energy Secretary Secures Grid Across 17 States Amid Period of Hot Weather

2026-07-27

The U.S. Department of Energy, under Secretary Chris Wright, issued an emergency order on July 26, 2026, directing the Southwest Power Pool to dispatch backup generation across 17 states to prevent blackouts during hot weather conditions. This move, framed as reversing previous administration policies, highlights the critical importance of grid stability and reliable energy supply, impacting industries like mining that rely heavily on continuous power. The order, effective until August 3, 2026, underscores a national focus on energy security and the significant economic costs associated with power outages.

Indonesia’s nickel challenge shifts from mining to processing

2026-07-27

As of July 2026, Indonesia, the dominant force in global nickel supply, faces a pivotal challenge shifting from raw material extraction to advanced processing. According to analysis by GlobalData's Prasanna Lakshmi and Mining Technology editor Alejandro Gonzalez, the future growth and sustainability of Indonesia's nickel sector hinge critically on developing cheaper, cleaner, and more efficient methods for processing its abundant laterite ores. This strategic pivot is essential for the nation to maintain its market leadership and meet burgeoning global demand, particularly for electric vehicle battery materials.