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Quaise moves closer to building world’s first superhot geothermal power plant

2026-04-23

Quaise Energy, an MIT spin-off, is making significant strides towards developing the world's first superhot geothermal power plant, Project Obsidian, in Oregon, USA. This ambitious undertaking aims to tap into rock formations exceeding 300 degrees Celsius, validated by recent analyses presented at the 2026 Stanford Geothermal Workshop, projecting an initial capacity of 50 megawatts by 2030, with plans to scale to a gigawatt. The pioneering initiative promises continuous, clean baseload electricity and signals a potential paradigm shift for global renewable energy landscapes, opening regions previously inaccessible to geothermal power.

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Recent Articles

Lithium market to enter deficit until 2035, says Canaccord

2026-04-23

Canaccord Genuity projects a global lithium market deficit lasting almost a decade, from 2026 to 2035, driven primarily by a critical lack of investment in new mine supply despite robust demand from the electric vehicle sector. This shortfall, exacerbated by recent supply disruptions in key producing nations like China and Zimbabwe, underscores the urgent need for significant capital allocation to avoid prolonged market tightness and potential impacts on the energy transition.

Silver Crown, EMS target US silver growth push

2026-04-23

Silver Crown Royalties Inc. has forged a strategic partnership with Emergency Material Services (EMS) to significantly expand its US silver royalty platform. This collaboration, announced on April 22, 2026, aims to infuse non-dilutive capital into domestic silver production, recycling, smelting, and refining operations, leveraging a structured financing model that mitigates operational risks while capitalizing on the surging demand for silver in electrification and advanced manufacturing. The initiative positions Silver Crown to scale its exposure to the growing US silver market through royalties and streaming agreements, offering investors a de-risked pathway to participate in the commodity's anticipated growth.

Magnetite Mines initiates drilling at Ironback Hill

2026-04-22

Magnetite Mines announced on April 21, 2026, the initiation of up to 2,000m of air core drilling at its Ironback Hill rare earth element (REE) project in north-east South Australia. This program, following delays from significant rain and flooding, aims to define the extent and characteristics of the near-surface, clay-hosted REE mineralisation discovered in 2025. The exploration is a pivotal step for the company in advancing what could become a strategically important source of critical minerals within Australia.

Spanish Mountain Gold to divest 1.5% royalty to Wheaton

2026-04-22

Spanish Mountain Gold has entered a definitive royalty agreement with Wheaton Precious Metals, divesting a 1.5% net smelter returns (NSR) royalty on its British Columbia gold and silver production for $55 million. This crucial financing injection will accelerate the feasibility study for the Spanish Mountain Gold project, providing the necessary capital to target a build decision in 2028. The deal underscores the strategic importance of non-dilutive financing mechanisms for advancing significant precious metal assets in Tier 1 mining jurisdictions.

Chile targets faster permits to unlock $100B pipeline

2026-04-21

Chile is aggressively moving to streamline its mining permit approval process, aiming to unlock over $100 billion in investment and revitalize its pivotal copper sector. This initiative, spearheaded by Economy and Mining Minister Daniel Mas, seeks to reduce processing times by 30% for approximately 200 procedures without compromising environmental standards, fostering legal certainty and attracting significant capital to key projects across copper and lithium.

Banyan Gold hits new high on $34M capital raise

2026-04-21

Banyan Gold, a Vancouver-based gold explorer, recently secured C$46.5 million ($34 million) through a strategic capital raise, propelling its stock to an all-time high. The significant financing is earmarked for advanced exploration at its flagship AurMac property in Canada's Yukon Territory, where the company has defined substantial indicated and inferred gold resources totaling over 7.7 million ounces. This development signifies strong investor confidence in Banyan Gold's project potential and Canada's role as a premier jurisdiction for gold exploration.

Copper price within sight of all-time high as Chinese smelters hit record activity

2026-04-20

Copper prices are rapidly approaching an all-time high, driven significantly by a substantial resurgence in Chinese smelter activity. Satellite data from Earth-i reveals a dramatic increase in operational capacity across China, while global concentrate supply faces unprecedented tightening due to geopolitical conflicts and strategic shifts in major mining nations, pushing treatment and refining charges into negative territory for the first time on record. This dynamic environment offers both opportunities and significant challenges for global mining companies and investors.

Mangrove opens refinery in British Columbia to close lithium gap

2026-04-20

Privately held Mangrove Lithium has inaugurated North America’s first commercial electrochemical lithium refinery in Delta, British Columbia, on April 18, 2026. This landmark facility, capable of producing 1,000 tonnes of battery-grade lithium hydroxide annually, addresses a critical refining gap in Canada's burgeoning battery supply chain and represents a significant step towards localizing vital mineral processing for electric vehicle production. Backed by substantial investment and leveraging an innovative, low-carbon electrochemical technology, Mangrove is poised to expand its operations with a larger refinery planned for Quebec, aiming to establish a comprehensive mine-to-chemical ecosystem within Canada.

Mogotes signs agreement with Kennecott for Montana site

2026-04-19

Mogotes Metals has secured an option-to-joint-venture agreement with Kennecott Exploration Company, a Rio Tinto subsidiary, for the Copper Cliff Project in Montana, US. This strategic partnership enables Mogotes to invest up to $56 million over six years to earn a 60% interest in the gold-copper porphyry asset, leveraging Kennecott's extensive historical exploration data from the property. The agreement signifies a significant revitalization effort for a historically productive mining district and underscores the growing industry interest in North American critical minerals.

Northern Lithium wins funding for development plans

2026-04-19

Northern Lithium, a crucial player in the UK's emerging critical minerals sector, has secured £600,000 in UK Government funding alongside £5 million in equity investments to accelerate its 2026 development plans. This capital infusion will support a vital front-end engineering design (FEED) feasibility study for a commercial-scale lithium-from-brines plant at Ludwell Farm, County Durham, with commercial production targeted for 2028. The initiative aims to significantly bolster the UK's domestic lithium supply, reduce its 100% import dependency, and contribute to its ambitious net-zero and electric vehicle manufacturing goals.