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Aurania concludes drilling at Thormódsdalur gold-silver site

2026-10-14

Aurania Resources has concluded its 2026 drilling campaign at the Thormódsdalur epithermal gold-silver project in Iceland, completing eight diamond drill-holes totaling 780.70m. This campaign significantly improved core recovery to near 100% compared to previous efforts, crucial for accurate resource definition. The program, a joint venture with St-Georges Eco-Mining and its subsidiary Iceland Resources, focused on twinning historic drill sites and revealed strong geological indicators of a robust epithermal system, with assay results anticipated in November 2026.

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Recent Articles

Energy Department Backs Major Grid Expansion Across Eight States to Strengthen Reliability and Lower Electricity Costs

2026-10-14

The U.S. Department of Energy announced significant federal backing for the Tennessee Valley Authority, committing $250 million towards 84 transmission and distribution projects across eight states. This initiative, part of the GRIP and SPARK programs, aims to add a combined 4,300 megawatts of grid capacity, bolster reliability, and reduce electricity costs for 2.58 million families and businesses. The projects are poised to enhance the nation's energy infrastructure, create 800 jobs, and provide critical stability for energy-intensive industries such as mining.

Tali Resources plans 9,000m drill programme at Don Juan prospect

2026-10-14

Tali Resources is set to commence an extensive 9,000-meter aircore drilling program in central Australia, targeting critical mineral potential within the 45-kilometer Don Juan-Alakol alkaline ultramafic intrusive system and the Central Australian Suture. The initiative, scheduled to begin in October, aims to evaluate a total of twelve high-priority geophysical and geological anomalies, with a significant focus on carbonatite-associated mineralization, particularly rare earth elements, niobium, and phosphorus, which are vital for modern technology and green energy transitions.

SSR Mining to acquire Roxmore Resources in $464m all-cash deal

2026-10-14

SSR Mining has announced its intent to acquire Roxmore Resources in an all-cash deal valued at approximately $464 million, securing control of the significant Converse gold project in Nevada. This strategic acquisition, positioned near SSR Mining’s existing Marigold operation on the prolific Battle Mountain-Eureka Trend, is projected to substantially boost the company's long-term gold production in the U.S. and leverage existing infrastructure for future development.

Energy Secretary Secures Mid-Atlantic Grid Ahead of Anticipated Stressed System Conditions

2026-10-13

U.S. Secretary of Energy Chris Wright issued an emergency order on October 12, 2026, directing PJM Interconnection to stabilize the mid-Atlantic electrical grid, mitigating blackout risks ahead of a critical period. The order, effective October 13-16, 2026, authorizes PJM to dispatch specified generating units and deploy backup resources in response to elevated demand, extensive planned generator outages during autumn maintenance, and numerous transmission outages. This intervention aims to secure reliable power for millions of Americans and highlights the ongoing challenges of grid resilience amidst evolving energy policies, a concern with direct implications for the energy-intensive mining sector.

Europe’s tungsten revival faces a race against China

2026-10-13

Europe is witnessing a significant resurgence in its domestic tungsten mining sector, driven by global supply chain disruptions and China's strategic export controls. New and revitalized projects, such as Austria's Mittersill mine, are advancing to secure a vital industrial metal crucial for numerous high-tech applications. This concerted effort underscores Europe's push for supply chain resilience and independence in the face of increasing geopolitical and economic pressures, setting the stage for a critical race against dominant Chinese supply.

First Au signs binding deal to buy Ida Valley gold project

2026-10-13

First Au has announced a binding agreement to acquire the Ida Valley Project, comprising two gold exploration tenements in Western Australia's prolific Eastern Goldfields region, from TechGen Metals. The strategic acquisition, valued at A$200,000 in cash and shares, includes a substantial historical drilling database, which First Au plans to leverage for the rapid establishment of a maiden JORC-compliant mineral resource. This move is a key step in First Au's ongoing strategy to consolidate and expand its project portfolio within the highly prospective Ida Fault district.

Energy Department Announces New Genesis Mission Awards to Advance Super Intelligence for Science

2026-10-12

The U.S. Department of Energy (DOE) has announced 12 new Phase II Genesis Mission project awards, totaling $159 million, aimed at advancing Super Intelligence (SI) for scientific discovery. Launched in November 2025, the Genesis Mission seeks to accelerate U.S. leadership in science, medicine, and technology by integrating SI with advanced computing and research infrastructure. These projects include initiatives with significant implications for the mining sector, such as enhancing domestic critical rare-earth element extraction and optimizing subsurface resource management.

Discovery to acquire McEwen’s Timmins mineral assets for $55m

2026-10-12

Discovery Mining is set to acquire significant mineral properties in the prolific Timmins region from McEwen subsidiaries for $55 million, comprising $50 million in common shares and $5 million in cash. This strategic acquisition, adjacent to Discovery's prominent Dome Mine, is poised to bolster the company's ambitious plans for increased gold production by providing essential land for future processing and tailings infrastructure. The deal, anticipated to close in October 2026, also includes an amendment to an existing royalty agreement with Franco-Nevada, further solidifying Discovery's operational and financial strategy in one of Canada's premier gold camps.

The race for AI is becoming a race for critical minerals

2026-10-12

The escalating global pursuit of Artificial Intelligence (AI) dominance has ignited a critical new front: the intense competition for essential raw materials, particularly rare earth elements and specialized processing capacity. Ryan Cunningham, CEO of American Mineral Resources, highlights this shift, emphasizing that robust AI infrastructure hinges on secure access to these minerals, making supply chain diversification and international collaborations paramount to reduce reliance on single-source suppliers like China. This evolving landscape presents significant strategic and operational implications for the mining sector worldwide.

Energy Department Authorizes Strategic Petroleum Reserve Exchange to Address Supply Disruptions Due to Hurricane

2026-10-11

The U.S. Department of Energy (DOE) has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to mitigate supply disruptions caused by inclement weather in the Gulf of America. This proactive measure, involving ExxonMobil and BP America, aims to stabilize refinery operations and fuel supplies, with participating companies committed to returning additional premium barrels to the SPR in 2027, ensuring no cost to taxpayers and strengthening national energy security. This move underscores the critical role of strategic reserves in maintaining stable energy markets, which is vital for the operational stability and cost predictability required by the heavy fuel-dependent mining industry.