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DOE and SBA Launch SBIC-E Initiative to Unleash Private Capital for American Innovation and Small Businesses

DOE and SBA Launch SBIC-E Initiative to Unleash Private Capital for American Innovation and Small Businesses

The U.S. Department of Energy (DOE) and the U.S. Small Business Administration (SBA) have launched the Small Business Investment Company-Energy (SBIC-E) Initiative, a new strategic partnership designed to channel private capital into American small businesses critical to energy production, national security, and domestic manufacturing. Signed on August 24, 2026, this memorandum of agreement leverages the SBA's established SBIC Program to fund innovative technologies, with a significant focus on critical minerals, advanced manufacturing, and advanced materials, offering a new avenue for growth within the mining sector.

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Metso to acquire hose and cavity pumps business from Valmet

Metso to acquire hose and cavity pumps business from Valmet

Metso announced on August 24, 2026, its agreement to acquire Valmet’s peristaltic hose pump and progressive cavity pump businesses, including associated aftermarket services, with the transaction expected to close on October 1, 2026. This strategic acquisition, aimed at enhancing Metso's comprehensive slurry handling solutions for the mining and industrial sectors, will integrate the Flowrox-branded technologies into Metso's pumps portfolio, relocating production and personnel to Lappeenranta, Finland. The move underscores Metso's commitment to delivering robust, end-to-end solutions for demanding process conditions globally.

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Peako to launch UAV magnetic surveys across five Saudi projects

Peako to launch UAV magnetic surveys across five Saudi projects

Peako is set to initiate advanced unmanned aerial vehicle (UAV) magnetic surveys across five critical gold exploration targets within its Saudi Arabian licenses, beginning August 24, 2026. This comprehensive geophysical program, covering 54 square kilometers with 1,400 line kilometers, is designed to enhance geological models and refine drill targets ahead of the company's inaugural drilling campaigns in the Kingdom, scheduled to commence in October. The high-resolution data collection aims to build upon promising historical intercepts and surface sample results at sites like Sukhaybarat South, Wadi Jarir, and Jabal Jumaymah.

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Energy Department Announces $500 Million Award to Revitalize American Steelmaking

Energy Department Announces $500 Million Award to Revitalize American Steelmaking

The U.S. Department of Energy announced a $500 million award to Cleveland-Cliffs' Middletown Works facility in Ohio, bolstering a $1 billion investment to modernize domestic steel production. This strategic funding, highlighted by Vice President JD Vance and Energy Secretary Chris Wright, is set to protect 2,300 American jobs and fortify the nation's critical steel supply chain. The project pivots from an initial "green premium" focus to upgrading the existing coal-fired blast furnace, deploying AI for efficiency, and commercializing blast furnace gas, reflecting a pragmatic approach to strengthening American manufacturing.

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Energy Secretary Keeps Critical Generation Available in Mid-Atlantic

Energy Secretary Keeps Critical Generation Available in Mid-Atlantic

U.S. Secretary of Energy Chris Wright has issued an emergency order directing PJM Interconnection and Constellation Energy Corporation to keep Units 3 and 4 of the Eddystone Generating Station in Pennsylvania operational from August 23, 2026, through November 20, 2026. This directive, overriding a planned May 31, 2025 shutdown, aims to prevent critical grid reliability issues and potential blackouts in the Mid-Atlantic, underscoring the ongoing national debate about maintaining baseload capacity amid energy transition efforts. The decision highlights the strategic importance of traditional power sources, including coal, natural gas, and nuclear, for ensuring grid stability during peak demand.

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Air permit granted for ReElement’s Marion refinery in Indiana, US

Air permit granted for ReElement’s Marion refinery in Indiana, US

ReElement Technologies has secured a pivotal Minor Source air permit for all four planned production lines at its rare earth element and critical mineral refinery in Marion, Indiana, a significant step towards commercial commissioning. This facility aims to produce high-purity separated products such as gallium, germanium, and various rare earths using an innovative chromatography-based process, bolstering domestic supply chains for sectors including defense, energy, and advanced manufacturing. The approval underscores collaborative efforts between industry and government to re-establish critical mineral independence in the United States.

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Vox Royalty Australia to acquire two mining royalties

Vox Royalty Australia to acquire two mining royalties

Vox Royalty Australia has announced a binding agreement to acquire two significant mining royalties in Queensland and Western Australia for up to A$3.4 million in cash. These acquisitions, covering the Kalman copper-molybdenum-gold-rhenium deposit and a broad exploration package in Western Australia, strategically enhance Vox's Australian portfolio with assets offering exposure to critical minerals and proximate processing infrastructure, underlining the company's focus on high-potential, de-risked investments. The deal includes a 2% royalty on the Kalman project, which is poised for potential fast-tracked development by Austral Resources, and a 1-1.5% net smelter return royalty over 1,700km² in Western Australia.

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Galantas Gold secures final approval for Chile’s Andacollo Project

Galantas Gold secures final approval for Chile’s Andacollo Project

Galantas Gold has secured the final regulatory approval from Chile’s National Geology and Mining Service (Sernageomin) for the operational reactivation of the Ripios Dumps at its Andacollo Gold Project. This crucial consent, received in August 2026, permits the resumption of activities at Dumps VII, VIII, and IX, which retain an estimated 16.4 million tonnes of authorized capacity. The approval paves the way for Galantas to restart a historically significant gold operation, signaling a new chapter for the project acquired by the company in June 2026.

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Amigo Resources, STAMICO sign MoU for graphite project in Tanzania

Amigo Resources, STAMICO sign MoU for graphite project in Tanzania

Amigo Resources and the State Mining Corporation of Tanzania (STAMICO) have signed a memorandum of understanding to explore a graphite tailings recovery and beneficiation project in Tanzania. This collaborative effort aims to assess the technical, commercial, and regulatory feasibility of extracting valuable graphite from previously overlooked waste material, potentially transforming historical mining residues into a significant economic and sustainable resource. The initiative, announced on August 21, 2026, highlights a strategic move towards resource optimization and sustainable mining practices within a critical mineral sector.

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Energy Department Announces $500 Million to Secure America's Critical Mineral and Battery Supply Chains

Energy Department Announces $500 Million to Secure America's Critical Mineral and Battery Supply Chains

The U.S. Department of Energy's Office of Critical Minerals and Energy Innovation has allocated $500 million across seven projects to bolster American critical mineral processing, battery manufacturing, and recycling capabilities. This initiative, part of President Trump's <em>Unleashing American Energy</em> agenda, aims to diminish reliance on foreign supply chains, strengthen national security, and solidify the nation's energy independence by expanding domestic capacity. The funding represents a significant step in re-shoring vital segments of the critical materials value chain.

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