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Energy Secretary Strengthens Mid-Atlantic Grid Reliability

Energy Secretary Strengthens Mid-Atlantic Grid Reliability

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.

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Arafura announces FID on Nolans project in Australia

Arafura announces FID on Nolans project in Australia

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.

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Perpetua Resources receives $2.9bn loan from EXIM

Perpetua Resources receives $2.9bn loan from EXIM

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.

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Botswana Minerals’ AI study uncovers 36 copper anomalies

Botswana Minerals’ AI study uncovers 36 copper anomalies

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.

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IonicRE and Nth Cycle partner to boost rare earth refining

IonicRE and Nth Cycle partner to boost rare earth refining

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.

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United States and Bangladesh Strengthen Alliance with Energy Cooperation Agreement

United States and Bangladesh Strengthen Alliance with Energy Cooperation Agreement

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.

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Agnico doubles Wallbridge Mining stake to over 19%

Agnico doubles Wallbridge Mining stake to over 19%

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.

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Nth Cycle, IonicRE team up to establish rare earth refining operations in the US

Nth Cycle, IonicRE team up to establish rare earth refining operations in the US

Massachusetts-based critical minerals refiner Nth Cycle and supply chain developer Ionic Rare Earths (ASX:IXR) have announced a joint development and licensing agreement to establish rare earth refining operations in the United States and globally. This strategic partnership aims to deploy Nth Cycle's proprietary electro-extraction technology within IonicRE's facilities, creating the first production pathway that bypasses China for both long-loop recycling to high purity rare earth forms and the essential chemical agents used in purification. The collaboration directly addresses a significant "hidden dependency" on Chinese-produced reagents, bolstering Western efforts to build a resilient and independent critical mineral supply chain.

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Energy Secretary Issues Emergency Order to Deploy Backup Generation in the Mid-Atlantic Amid Heatwave

Energy Secretary Issues Emergency Order to Deploy Backup Generation in the Mid-Atlantic Amid Heatwave

The U.S. Department of Energy (DOE) issued an emergency order on May 18, 2026, authorizing PJM Interconnection, LLC to deploy backup generation in the Mid-Atlantic to mitigate potential blackouts during a heatwave and amid seasonal maintenance outages. This move, prompted by a request from PJM, underscores the critical importance of grid stability for industries like mining, which are heavily reliant on continuous, reliable power. The order highlights ongoing national energy security concerns and the economic impact of power outages, which cost the U.S. economy an estimated $44 billion annually.

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Jeff Currie sees gold price pullback before $10,000 run

Jeff Currie sees gold price pullback before $10,000 run

Veteran commodities strategist Jeffrey Currie forecasts a significant near-term pullback for gold, potentially to $4,000 per ounce, driven by geopolitical tensions and central bank gold sales. However, Currie maintains his long-term bullish stance, projecting a surge to $10,000 per ounce as part of a multi-decade commodity super cycle fueled by massive capital expenditure in the technology sector and persistent underinvestment in physical assets.

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