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Power Minerals to begin drilling at Morro do Ferro Project in Brazil

2026-05-12

Power Minerals is set to commence an extensive diamond drilling program at its recently acquired Morro do Ferro Rare Earths Project (MDF Project) in Minas Gerais, Brazil, later this month. This significant step, following last month's acquisition, aims to expand the known high-grade magnetic and total rare earth oxide mineralization, validate historical results, and swiftly advance the project towards a maiden Mineral Resource Estimate, positioning it as a potentially critical supplier in the global REE market.

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Recent Articles

Energy Department Awards Contracts from the Strategic Petroleum Reserve, Advancing President Trump’s Historic Emergency Exchange

2026-05-12

On May 11, 2026, the U.S. Department of Energy announced the award of contracts for the exchange of approximately 53.3 million barrels of crude oil from the Strategic Petroleum Reserve. This significant action is part of the United States’ 172-million-barrel commitment to the International Energy Agency’s collective effort to stabilize global oil supplies, marking a critical step in addressing short-term market disruptions and bolstering national energy security. The initiative, hailed by the current administration, further secures a 28% return premium in crude barrels, enhancing the SPR's long-term strength.

SANY marks 1,000th electric excavator milestone as mining electrification accelerates

2026-05-12

SANY has reached a significant milestone by delivering its 1,000th electric excavator and commercially deploying 5G remote-controlled equipment as of May 11, 2026. This achievement underscores a broader industry trend of accelerating electrification in mining, a shift highlighted by GlobalData's latest report on battery-electric mining fleets. The integration of electric heavy machinery with advanced connectivity technologies like 5G signals a new era of sustainable and efficient mining operations.

Larvotto identifies tungsten opportunities at Curry’s Block prospect

2026-05-12

Larvotto Resources is fast-tracking the evaluation of tungsten potential at its Curry’s Block prospect, part of the fully owned Hillgrove Antimony-Gold Project in New South Wales, Australia. This decision comes as Western governments classify tungsten as a critical mineral, with prices reaching record highs amidst China's dominant global production. The company’s comprehensive review of historical data at Curry’s Block has identified a robust gold-tungsten-antimony system, prompting approvals for new diamond drilling to commence shortly, expanding on previous exploration efforts.

Ontario’s Darlington SMR renews Canada’s nuclear maturity

2026-05-11

Ontario has initiated construction on the first small modular reactor (SMR) within the G7, marking a significant milestone in Canada's nuclear energy strategy amidst rising power demand and tightening fuel markets. The Darlington SMR project, led by Ontario Power Generation, aims to deliver 1,200 MW of capacity by the end of the decade, leveraging the GE Hitachi BWRX-300 reactor design. This development is poised to bolster Canada's energy security, stimulate domestic supply chains for critical minerals, and position the nation as a key player in the global SMR deployment race, though it also introduces new considerations regarding enriched uranium fuel sourcing.

San Lorenzo hits all-time high on Chile gold assays

2026-05-11

San Lorenzo Gold experienced an all-time high in its stock valuation after announcing new gold assay results from the Arco de Oro target at its Salvadora project in Chile. The drilling intercepts, including 102 meters grading 1.33 grams per tonne gold, indicate the potential for a larger, gold-rich porphyry copper-gold system, significantly boosting investor confidence and solidifying the Canadian junior explorer's position on the TSX Venture Exchange. This development underscores the rich mineral potential of Chile's Atacama region, particularly near Codelco's established El Salvador mine.

Freeport delays Grasberg full restart to early 2028

2026-05-10

PT Freeport Indonesia has announced a further delay in the full restart of its Grasberg mine in Central Papua, Indonesia, pushing the target to early 2028. This postponement follows a severe mudflow incident in September last year that halted operations and claimed seven lives, significantly impacting global copper and gold supply chains. The revised timeline, attributed to additional work on logistics and ore handling infrastructure, sees a reduction in projected 2026 copper output and compounds pressures on an already tight global copper market.

Focus Graphite in Quebec boasts world’s fifth-largest resource

2026-05-10

Focus Graphite's Lac Tetepisca project in central Quebec has significantly updated its resource estimate, establishing it as the world's fifth-largest graphite deposit and North America's largest by measured and indicated resources. This milestone, boasting 14.7 million tonnes of contained graphite at 10.2% graphitic carbon, firmly positions Quebec as a critical hub in the global battery metals supply chain, offering a substantial domestic alternative to China for advanced technological applications. The project's high grade, open-pit potential, and strategic location underscore its importance for North American critical mineral independence.

Energy Department to Invest $36 Million in Enhanced Oil Recovery Program at the University of North Dakota

2026-05-09

The U.S. Department of Energy (DOE) is investing $36 million in the University of North Dakota’s Energy & Environmental Research Center to advance carbon dioxide-based Enhanced Oil Recovery (EOR) in the Bakken shale formation. This funding, part of the $145 million Bakken EOR–Cracking the Code program, aims to unlock billions of additional barrels of oil by integrating laboratory research, AI modeling, and six field pilot projects. The initiative also leverages captured CO2 from coal-fired power plants, connecting energy production with carbon utilization strategies, thereby supporting domestic energy security and innovative resource management.

EGA partners with ADNOC to boost aluminium supply chain

2026-05-09

Emirates Global Aluminium (EGA) and ADNOC Logistics & Services (ADNOC L&S) have forged a significant strategic alliance aimed at bolstering the resilience and efficiency of the global aluminium supply chain. Announced on May 8, 2026, at the "Make it in the Emirates" event, this high-level agreement will explore enhanced commercial ties across logistics, transportation, fleet management, and infrastructure, with the potential for a dedicated joint venture. The collaboration leverages ADNOC L&S's extensive maritime capabilities and EGA's substantial global shipping requirements, promising enhanced operational synergies and support for the UAE's industrial diversification goals.

Rolls-Royce to test hybrid trucks for mining operations

2026-05-09

Rolls-Royce Power Systems announced on May 8, 2026, plans to commence field testing of an innovative hybrid drive system for mining haul trucks in autumn 2026. Integrating mtu Series 4000 engines with an electric drivetrain, this technology is projected to reduce fuel consumption and CO2 emissions by up to 30% by recapturing braking energy during downhill travel. This initiative directly addresses the global mining industry's urgent need for enhanced operational efficiency and significant decarbonization in response to growing critical mineral demand and ambitious sustainability targets.