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Skyharbour, Purecore sign LoI for Yurchison uranium option

2026-07-18

Skyharbour Resources has entered into a non-binding letter of intent with Purecore Metals, granting Purecore a potential option to acquire up to a 100% interest in Skyharbour’s Yurchison uranium property. Located in Saskatchewan’s prospective Wollaston Domain, approximately 75km south of Cameco’s Rabbit Lake operation, the agreement covers 22 mineral claims spanning 35,029 hectares. This strategic collaboration aims to advance exploration on a property with documented historical uranium and molybdenum mineralization, leveraging modern geophysical insights obtained in 2022 and 2023.

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Recent Articles

Liberty Bell Bay smelter closure confirmed as sale collapses

2026-07-18

The Liberty Bell Bay manganese smelter in northern Tasmania, owned by GFG Alliance, has ceased operations immediately following the collapse of a proposed sale consortium, which initially included Adroit Capital and White Oak. Confirmed by administrators EY Parthenon on July 17, 2026, the closure impacts approximately 217 workers and signifies the failure of extensive government interventions, including millions in financial aid and a proposed ten-year power agreement, to secure the facility's future. This event highlights the formidable challenges confronting energy-intensive heavy industries in Australia and delivers a significant economic blow to the region.

Nevada King secures BLM approval for Atlanta gold project

2026-07-18

Nevada King Gold has secured a pivotal approval from the Bureau of Land Management (BLM) for its Atlanta Gold Mine Project, marking the fifth and largest operational modification to date. This expansion permits 482 new drill sites across key areas and facilitates the deployment of a third drill rig, significantly accelerating the company's exploration efforts. With C$18.1 million in cash, Nevada King is fully funded to execute its ambitious 40,000-meter Phase Four RC drill program, strategically advancing a project located in a world-class mining jurisdiction.

First Quantum considers sale of stake in Argentina’s Taca Taca project

2026-07-17

First Quantum Minerals is reportedly considering divesting a minority stake in its Taca Taca copper project in Argentina, a move that underscores the intense global interest in new copper assets. Potential buyers, including Rio Tinto Group and Japanese trading houses Mitsubishi and Mitsui & Co., are eyeing the project which could produce over 320,000 tonnes of copper annually. This strategic consideration highlights the growing demand for copper, Argentina's emerging role as a mining destination, and the industry's approach to financing large-scale critical mineral developments.

Hi-View begins exploration campaign in BC’s Toodoggone area

2026-07-17

Hi-View Resources has initiated its 2026 exploration program within British Columbia's highly prospective Toodoggone Mining District, focusing on advanced porphyry targets. The comprehensive campaign involves extensive geophysical, geochemical, and geological fieldwork, including 50 line kilometers of IP surveying and the collection of 4,000 soil samples, with drill permits already secured for key zones like Lawyer's East, Borealis, and Golden Stranger. This systematic approach aims to finalize drill targets, underscoring the company’s commitment to de-risking and advancing its significant property in a geologically favorable region.

Rio Tinto reports increase in iron ore sales in Q2 2026

2026-07-16

Rio Tinto has reported a robust second quarter and first-half performance for 2026, driven by a 5% year-on-year increase in global iron ore sales and a significant 20% surge in lithium production. The mining giant also revised down its 2026 copper C1 net unit cost forecast due to higher gold prices and productivity gains, demonstrating strategic operational adjustments amidst a complex global environment, even as overall copper production saw a dip in Q2.

The rise of renewable diesel in lower emission mining

2026-07-16

The mining industry is witnessing a significant shift towards renewable diesel (HVO) as a viable "drop-in" fuel alternative to reduce greenhouse gas emissions without compromising operational performance. With global capacity projected to exceed 9 billion gallons annually by 2030, this alternative offers a practical pathway for mines to meet ambitious net-zero targets and interim 2030 emission reduction goals, leveraging existing fleets and infrastructure. Early successes at Imperial Oil's Kearl and Rio Tinto's Kennecott mines demonstrate the fuel's compatibility and efficiency under demanding conditions, positioning it as a strategic option for industry-wide decarbonization efforts.

Nova Minerals completes engineering for Estelle antimony pilot plant

2026-07-15

Nova Minerals has completed the engineering and design phase for its antimony pilot processing plant at the Estelle project in Alaska, marking a significant step towards domestic antimony production. The pilot plant, designed to meet military-grade antimony trisulfide specifications established by the US Department of War, will utilize a cleaner hydrometallurgical method with construction commencing this quarter. This development positions Nova Minerals to address the critical mineral supply chain needs within the United States, particularly for defense and high-tech applications.

Genesis and Vault Minerals sign $8.7bn merger agreement

2026-07-15

Genesis and Vault Minerals have announced an A$12.6 billion ($8.7 billion) merger, poised to create Australia's third-largest gold producer with an estimated annual output of 600,000–700,000 ounces. The deal consolidates significant gold operations exclusively in Western Australia, including key assets near Leonora and Bardoc-Mount Monger, and is projected to yield A$2 billion in post-tax synergies. This strategic combination enhances the combined entity's resource base, financial strength, and market position in the global gold sector.

Toubani secures $208m in funding for Kobada Gold Mine development

2026-07-14

Toubani Resources has successfully secured a comprehensive A$302 million (US$208 million) funding package for the development of its Kobada Gold Mine in Mali. This crucial financing, predominantly comprising a US$160 million gold stream facility with Eagle Eye Asset and a US$48 million strategic equity financing, is designed to ensure the project remains on its accelerated timeline, targeting first gold production by the third quarter of 2027. The package underscores significant investor confidence in the Kobada project, providing the necessary capital for construction completion, VAT payments, and ongoing exploration activities.

Arrow Minerals completes gravity survey at Yarraloola copper site

2026-07-14

Arrow Minerals has significantly advanced its Yarraloola Copper Project in Western Australia's Pilbara region, completing a detailed gravity survey over 791 stations targeting the Ava, Fraser, and Mr Thomas areas. This critical geophysical work, aimed at refining drill targets for later in 2026, is now complemented by funding secured from the WA Government’s Exploration Incentive Scheme for an advanced electromagnetic survey. These integrated efforts set a robust foundation for identifying significant copper mineralization, following Arrow Minerals' recent acquisition of an 80% interest in the promising project.