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Great Southern initiates AMT survey at La Colorada prospect

2026-05-24

Great Southern Copper has launched a sophisticated audio-frequency magneto-telluric (AMT) geophysics survey at its La Colorada prospect within Chile’s Especularita Project, covering 33km² to identify hidden porphyry copper deposits beneath a high-sulphidation lithocap. This strategic move, conducted by Southernrock Geophysics, aims to map depths over 1,000m and will directly inform first-pass scout drilling, poised to commence in the second half of 2026. The initiative underscores the company's commitment to unlocking significant copper resources in a geologically prospective region of Chile, known for hosting world-class deposits like Los Pelambres and El Pachon.

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Secretary Wright Announces Leadership Changes to Deliver Affordable, Reliable and Secure Energy to the American People

2026-05-24

The U.S. Department of Energy (DOE) has announced significant leadership changes, with Kyle Haustveit confirmed as Under Secretary of Energy and Alex Fitzsimmons appointed as Associate Deputy Secretary and Senior Advisor to Secretary Chris Wright. These appointments, occurring on May 22, 2026, signal a potential continued emphasis on domestic energy production, including hydrocarbons and geothermal, aligning with President Trump’s energy agenda and holding substantial implications for the U.S. mining sector, particularly coal and critical minerals.

Banana waste finds new role in Australian mining blast operations

2026-05-24

Papyrus Australia has successfully pioneered a novel approach to sustainable mining by converting discarded banana plantation waste into biodegradable blast collars for open-cut operations. This innovation, highlighted by a A$4.2 million supply deal with TBS Mining Solutions, offers a compelling circular economy solution, addressing both agricultural waste challenges and the mining industry's demand for environmentally responsible consumables. The initiative aims to reduce methane emissions from decaying biomass while providing an effective, eco-friendly alternative for critical blasting operations.

Tungsten West secures $25m loan for Hemerdon mine restart

2026-05-24

In a significant development for the European critical minerals sector, Tungsten West has secured a $25 million bridging loan to propel the phased restart of its Hemerdon tungsten and tin mine in Devon, UK. This financial injection, provided by an entity controlled by substantial shareholder Gregory Coffey, is designed to maintain the project's rapid development pace, with fines gravity processing slated to commence in Q3 2026. The company is concurrently progressing towards finalising a larger $85 million debt package, which will ultimately repay the bridging loan and fully fund the mine's restart to a targeted capacity of 500 tonnes per hour by Q1 2027.

Energy Secretary Strengthens Mid-Atlantic Grid Reliability

2026-05-23

U.S. Secretary of Energy Chris Wright has issued an emergency order, effective May 22, 2026, to ensure grid stability and prevent energy shortfalls for 65 million Americans across 13 states and the District of Columbia. This directive authorizes PJM Interconnection and Talen Energy Corporation to operate Unit 4 of the Wagner Generating Station in Maryland beyond its typical operating limits, responding to a "growing resource adequacy concern" ahead of anticipated summer demand and generator outages. The action underscores the critical balance between evolving energy infrastructure and the unwavering need for reliable, affordable power crucial for energy-intensive sectors like mining.

Arafura announces FID on Nolans project in Australia

2026-05-23

Arafura Rare Earths has announced its Final Investment Decision (FID) for the Nolans Rare Earths Project in Australia’s Northern Territory, marking a significant step towards establishing the country's first fully integrated ore-to-oxide rare earths operation. This pivotal development, supported by strong financial commitments from the Australian government and robust international offtake agreements, positions Nolans to deliver 4,440 tonnes per annum of neodymium-praseodymium oxide, crucial for the automotive, wind energy, and high-technology sectors amidst a global drive to diversify critical minerals supply chains. Construction for the project is slated to commence in September 2026, with Hatch leading engineering, procurement, and construction management.

Perpetua Resources receives $2.9bn loan from EXIM

2026-05-23

Perpetua Resources has secured a landmark $2.9 billion senior secured long-term loan from the Export-Import Bank of the US (EXIM) to finance its Stibnite Gold Project in Idaho. This significant funding, announced on May 22, 2026, positions the project to become the United States' sole domestic producer of antimony, a critical mineral for national security, while also advancing gold production and comprehensive environmental remediation of an abandoned mining district. The loan underscores a concerted effort to enhance American mineral independence and domestic manufacturing under EXIM’s Make More in America Initiative.

Botswana Minerals’ AI study uncovers 36 copper anomalies

2026-05-22

Botswana Minerals has announced a significant exploration breakthrough, leveraging Planetary AI’s Xplore platform to identify 36 copper anomalies across two of its northern Botswana licences. This AI-assisted study revealed targets in an under-explored corridor linking Namibia's Damara Belt with the geologically prolific Central African Copperbelt, exhibiting similarities to world-class deposits like Kamoa-Kakula and Tsumeb. The company plans to initiate fieldwork within three months to prioritize and advance these promising targets, underscoring the transformative role of artificial intelligence in modern mineral exploration and its potential implications for global copper supply.

IonicRE and Nth Cycle partner to boost rare earth refining

2026-05-22

Ionic Rare Earths (IonicRE) and Nth Cycle have forged a joint development and licensing agreement dated May 21, 2026, to revolutionize rare earth element (REE) refining in the US and globally. This partnership leverages Nth Cycle’s innovative electro-extraction technology to replace conventional oxalic acid processes, aiming to significantly reduce costs, mitigate supply chain dependencies on China, and lower the carbon footprint of REE production. The initiative supports IonicRE’s broader strategy for vertically integrated rare earth recycling in the US, aligning with the critical minerals framework established between the US and Australia.

United States and Bangladesh Strengthen Alliance with Energy Cooperation Agreement

2026-05-21

The United States and Bangladesh have formalized a significant energy cooperation agreement, with the U.S. Department of Energy and Bangladesh's Energy and Mineral Resources Division signing a Memorandum of Understanding on May 14, 2026. This accord aims to bolster Bangladesh's energy security and industrial development through increased imports of U.S. energy products, including LNG and LPG, while facilitating millions of dollars in energy infrastructure projects. The agreement underscores the U.S.'s strategy to expand its energy exports and global partnerships, presenting substantial implications for the global mining sector due to the extensive mineral demands of large-scale energy infrastructure and technology development.

Agnico doubles Wallbridge Mining stake to over 19%

2026-05-21

Agnico Eagle Mines has significantly increased its strategic investment in junior explorer Wallbridge Mining, more than doubling its stake to 19.62% with an additional C$22.44 million investment. This move, part of a larger C$56 million private placement, aims to facilitate the completion of a Pre-Feasibility Study for Wallbridge's flagship Fenelon gold project in northern Quebec. The investment underscores Agnico's commitment to expanding its exposure to high-potential gold assets within Canada's prolific Abitibi region, solidifying its position along the strategic Sunday Lake deformation zone.