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Secretary Wright Applauds End of New Federal Wind and Solar Subsidies

Secretary Wright Applauds End of New Federal Wind and Solar Subsidies

U.S. Secretary of Energy Chris Wright announced the cessation of federal tax credit subsidies for new wind and solar projects not yet under construction, effective July 4, 2026. This policy shift, enacted through the Working Families Tax Cut, concludes over three decades of federal support for these renewable energy technologies, which accounted for approximately three percent of U.S. primary energy consumption in 2025. The decision highlights concerns over land usage, material intensity, transmission infrastructure needs, and the intermittency of wind and solar, signaling a potential redirection in U.S. energy policy with significant implications for the mining sector.

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Metalsource Mining expands Silver Hill project in North Carolina

Metalsource Mining expands Silver Hill project in North Carolina

Metalsource Mining has significantly expanded its land holdings at the Silver Hill project in Davidson County, North Carolina, through the acquisition of an additional 141 acres, bringing its total consolidated land position to approximately 1,300 acres. This strategic move, announced on July 3, 2026, aims to broaden the company’s exploration efforts along strike and down dip of known mineralization, supporting its objective of assessing the district-scale potential of the historic mine area. With pending assay results and plans to accelerate drilling with an additional rig, Metalsource Mining is intensifying its focus on defining the full extent of the Silver Hill system.

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BHP agrees to sell San Manuel property to Faraday Copper

BHP agrees to sell San Manuel property to Faraday Copper

BHP has reached a definitive agreement to sell its San Manuel copper property in Arizona, USA, to Faraday Copper, a move set to close by September 30, 2026. This strategic transaction will grant BHP a significant 30% fully diluted equity interest in Faraday, along with critical shareholder and offtake rights, positioning Faraday to consolidate San Manuel with its adjacent Copper Creek project into a major combined operation supporting domestic US copper supply.

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Energy Secretary Secures Carolinas’ Grid Amid Period of Hot Weather

Energy Secretary Secures Carolinas’ Grid Amid Period of Hot Weather

<p></p> <p>The U.S. Department of Energy (DOE) issued an emergency order on July 2, 2026, authorizing Duke Energy to temporarily override environmental regulations and maximize power output from specified units in the Carolinas. This measure, effective until July 6, 2026, aims to stabilize the regional grid and prevent blackouts amidst unusually high temperatures and burgeoning electricity demand. The decision underscores critical debates around energy reliability, the flexibility of regulatory frameworks, and the foundational role of the mining industry in securing essential power infrastructure.</p> <p>

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Newcore Gold hits above-reserve grade at Nyam deposit

Newcore Gold hits above-reserve grade at Nyam deposit

Newcore Gold has reported high-grade gold intercepts at depth from its Nyam deposit, part of the Enchi project in Ghana, signaling potential for significant resource growth. These drill results, occurring below the existing reserve pits and exceeding current reserve grades, underscore the project’s capacity for a larger, higher-grade operation than currently outlined in its recent Pre-Feasibility Study. This development arrives as analysts highlight the uncaptured upside of the Enchi project, particularly through deeper CIL processing, with continued exploration expected to bolster its economic profile and extend its mine life.

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BHP seeks to restart Cerro Colorado mine with $1.5B investment

BHP seeks to restart Cerro Colorado mine with $1.5B investment

BHP has initiated the process to restart its Cerro Colorado copper mine in Chile, proposing a significant $1.5 billion investment to extend its operational life by 20 years. This strategic move, announced on July 2, 2026, involves applying for a new environmental permit and pivoting to innovative water solutions, including the use of treated wastewater delivered via a 100 km pipeline, addressing the mine's closure in late 2023 due to water permit denials. The restart signifies BHP's commitment to its Chilean portfolio and long-term copper production amidst evolving regulatory landscapes and increasing demand for sustainable mining practices.

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U.S. Department of Energy Meets President Trump’s Goal, Delivers Third Advanced Reactor Criticality

U.S. Department of Energy Meets President Trump’s Goal, Delivers Third Advanced Reactor Criticality

<p> The U.S. Department of Energy has successfully met President Trump’s executive order, achieving criticality in three advanced microreactors—Deployable Energy’s Unity, Antares Nuclear’s Mark-0, and Valar Atomics’ Ward 250—before the July 4, 2026 deadline. This unprecedented milestone, marking the first time a nation has brought three unique advanced microreactor designs to criticality in a single month, signals a significant rebirth of nuclear energy innovation in the United States and holds profound implications for national energy security and the mining sector's future. </p> <p>

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First Mining Gold secures EA approval for Springpole project

First Mining Gold secures EA approval for Springpole project

First Mining Gold has secured critical environmental assessment approval from the Canadian government for its Springpole Gold Project in north-west Ontario, following a comprehensive review process initiated in 2018. This federal "Decision Statement" allows the company to advance one of Canada's largest undeveloped gold resources, located 110km north-east of Red Lake, under strict conditions for environmental management and community engagement. The approval is anticipated to be a significant economic catalyst for the region, paving the way for further engineering work and eventual construction.

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Rincon Resources to sell 90% of Lyza Mining to Maverick

Rincon Resources to sell 90% of Lyza Mining to Maverick

Rincon Resources has entered a binding agreement to divest 90% of its interest in Lyza Mining, which holds the West Arunta Project tenements in Western Australia, to Maverick Minerals Australia. This strategic transaction, valued at an upfront A$600,000 with additional deferred payments, allows Rincon to secure capital and retain a free-carried 10% joint venture interest while significantly reducing its exploration funding requirements. The move enables Rincon to reallocate resources towards its other core projects, particularly the Telfer South Gold-Copper Project, underscoring a trend of strategic portfolio optimization within the junior exploration sector.

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Energy Secretary Secures Mid-Atlantic Grid Ahead of Period of Hot Weather

Energy Secretary Secures Mid-Atlantic Grid Ahead of Period of Hot Weather

The U.S. Department of Energy (DOE) issued two emergency orders on June 30, 2026, to stabilize the Mid-Atlantic power grid and avert potential blackouts stemming from anticipated record-breaking peak electricity demand fueled by severe hot weather. These directives, targeting PJM Interconnection, LLC, involve dispatching specific generation units and activating backup resources, highlighting the critical need for grid reliability and resilient energy infrastructure across the nation. For the mining sector, these developments underscore the ongoing pressures on power supply, the imperative for stable energy costs, and the growing demand for raw materials essential for grid modernization and energy security initiatives.

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