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Riverside secures three Union Project concessions in Mexico

2026-03-19

Riverside Resources has finalized the acquisition of three key mineral concessions – La Famosa and Dana 7 – within its Union Project district in Sonora, Mexico, securing full ownership and eliminating future royalty burdens. This strategic consolidation, completed through its Mexican subsidiary RRM Exploración, enhances the company's district-scale land position and boosts exploration efforts for carbonate replacement deposit (CRD)-style gold-silver-polymetallic mineralization, backed by a significant exploration funding agreement with partner Questcorp. The move underscores Riverside's commitment to advancing its Mexican portfolio, following a multi-year option agreement initiated in 2021.

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Energy Department Announces $500 Million to Strengthen Domestic Critical Materials Processing and Manufacturing

2026-03-19

The U.S. Department of Energy (DOE) has announced a Notice of Funding Opportunity (NOFO) for up to $500 million, aimed at significantly expanding domestic critical mineral and materials processing, derivative battery manufacturing, and recycling capabilities. Revealed on March 13, 2026, by the DOE's Office of Critical Minerals and Energy Innovation (CMEI), this funding initiative marks the third round of investment in strengthening the nation's battery supply chains, targeting key minerals like lithium, graphite, nickel, copper, and aluminum crucial for defense, grid resilience, and transportation sectors. This strategic move emphasizes reducing reliance on foreign actors, bolstering national security, and positioning the U.S. for energy dominance amidst rising global demand for advanced energy technologies.

Beyond formulation: Devising a lubricant strategy for component longevity and safety

2026-03-19

Modern mining operations are increasingly reliant on advanced lubrication strategies to ensure the longevity and safety of critical heavy machinery. With thousands of underground vehicles operating under extreme conditions, the industry is shifting away from traditional mineral oils towards synthetic and high-performance lubricants, coupled with sophisticated condition monitoring programs, to minimize unplanned downtime and maximize asset life, according to insights shared in a recent publication by Mrudvi Bakshi dated March 18, 2026. This integrated approach is vital for enhancing efficiency and safeguarding the significant capital investments in mining fleets.

Troilus, Boliden sign MoU for copper-gold concentrate supply

2026-03-19

Troilus Mining has officially advanced its long-term copper-gold concentrate offtake strategy by signing a Memorandum of Understanding (MoU) with Boliden Commercial, building upon prior commercial terms. This agreement for its north-central Québec project, coupled with an earlier MoU with Aurubis, is critical for de-risking the project, securing a prospective $1 billion debt facility from international financial institutions, and moving towards a construction phase. The Troilus Project's May 2024 feasibility study projects an annual output of approximately 135.4 million pounds of copper equivalent, underscoring its significant scale and strategic importance within a jurisdiction recognized for stable, clean-energy mineral development.

Energy Department Announces $293 Million in Funding to Support Genesis Mission National Science and Technology Challenges

2026-03-18

The U.S. Department of Energy (DOE) has announced a substantial $293 million funding opportunity through its "Genesis Mission: Transforming Science and Energy with AI" Request for Application (RFA). This initiative invites interdisciplinary teams from National Laboratories, U.S. industry, and academia to develop novel AI solutions addressing over 20 critical national challenges, including advanced manufacturing and, most significantly for our sector, critical materials. This investment aims to leverage artificial intelligence to bolster scientific discovery, enhance energy security, and strengthen domestic supply chains, presenting a significant opportunity for the U.S. mining industry to modernize and innovate.

Eldorado secures operating authorisation for Ormaque deposit

2026-03-18

Eldorado Gold has secured crucial operating authorization for its high-grade Ormaque gold deposit at the Lamaque Complex in Val-d’Or, Quebec, Canada, from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. This approval, announced on March 17, 2026, empowers Eldorado to commence underground mining at Ormaque and transport the ore to the existing Sigma Mill, significantly enhancing production flexibility and reinforcing Lamaque as a cornerstone asset within the company's portfolio. The move underscores Eldorado's strategic commitment to optimizing existing infrastructure and driving long-term value through targeted exploration and operational efficiencies, including plans for ongoing drilling and potential mill expansion studies.

Resolution, USFS conclude land exchange for copper deposits

2026-03-18

Resolution Copper, a joint venture between Rio Tinto and BHP, has successfully concluded a pivotal land exchange with the US Forest Service, marking a crucial step forward for one of the world’s largest undeveloped copper deposits in Arizona. This exchange, which involved Resolution Copper acquiring approximately 2,400 acres while transferring 5,400 acres for conservation, follows a favorable ruling from the US Court of Appeals for the Ninth Circuit. Complementing this milestone, an additional $500 million investment over two years will fund essential enabling works, advancing the project aimed at significantly bolstering America's domestic copper supply.

Trump Administration Keeps Coal Plant Open to Ensure Affordable, Reliable and Secure Power in the Northwest

2026-03-17

The U.S. Department of Energy, under Secretary Chris Wright, has issued an emergency order mandating TransAlta to keep Unit 2 of the Centralia Generating Station in Washington operational. This decision, aimed at averting significant grid reliability issues and potential blackouts across the Northwestern United States, directly counters the unit's scheduled shutdown at the end of 2025. The move signals a broader Trump administration strategy to preserve coal-fired power for grid stability and affordability, impacting the energy generation and coal mining sectors.

JSW Steel initiates coal mining project in Mozambique

2026-03-17

JSW Steel, a prominent Indian steel manufacturer, has officially commenced the Minas de Revuboè (MdR) coking coal project in Mozambique's Tete Province, marking a pivotal step in its backward integration strategy. This initiative, announced on March 16, 2026, secures access to approximately 250 million tonnes of extractable high-quality coking coal from an estimated 850 million tonnes of total reserves, bolstering JSW Steel's supply chain and mitigating exposure to volatile global commodity prices. The project's initial phase targets 2.4 million tonnes per annum of coking coal production over two and a half years, signifying a major industrial development for both India and Mozambique.

Athena Gold concludes Forester Gold Project acquisition

2026-03-17

Athena Gold has significantly expanded its exploration portfolio, concluding the acquisition of the Forester Gold Project in northwestern Ontario, Canada, on March 16, 2026. This strategic move, valued at approximately C$3.36 million in Athena Gold shares, positions the company as a key player in a highly prospective region, with the Forester Project situated near Orla Mining’s successful Musselwhite Gold Mine. The acquisition underscores Athena Gold’s strategy to target potentially overlooked ground with geological characteristics favorable for modern bulk-tonnage orogenic gold systems.

Energy Department Initiates Strategic Petroleum Reserve Emergency Exchange to Stabilize Global Oil Supply

2026-03-16

The U.S. Department of Energy announced a critical Strategic Petroleum Reserve (SPR) emergency exchange of up to 86 million barrels of crude oil, forming the first tranche of a 172-million-barrel U.S. contribution to a 400-million-barrel International Energy Agency (IEA) collective release. This strategic action, initiated on March 13, 2026, aims to stabilize global oil supply amid escalating Middle East tensions and threats to maritime corridors, with companies returning the borrowed oil with a premium to fortify the SPR without taxpayer cost.