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Viridis awards first equipment contract for Colossus in Brazil

2026-09-07

Viridis Mining and Minerals has awarded its inaugural major equipment contract for the Colossus Rare Earth Project in Brazil to Dewater Filter Press, signaling a significant advancement from development to project execution. This critical residue pressure filtration system is integral to the project's environmental and operational efficiency, supporting its ambitious target of commencing rare earth production by 2028 as a key Western supplier. The contract, structured with phased payments, underscores Viridis's strategic approach to de-risk and advance the five-million-tonne-per-annum facility, bolstered by recently secured equity funding.

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Recent Articles

Anson Resources secures $194m Utah incentive for lithium project

2026-09-07

Anson Resources has secured a substantial $194 million business incentive from the Utah Inland Port Authority Board for its Green River Lithium Project. This incentive, structured as a rebate on future property tax revenues over 25 years, aims to bolster the project's economics and potentially fund crucial public infrastructure for the planned 10,000 tonnes per annum lithium carbonate facility. The development underscores Utah's commitment to fostering domestic critical mineral production and Anson's strategic approach to non-dilutive financing for its $569 million capital expenditure project.

AI could improve in-situ recovery of critical minerals

2026-09-07

New research in the United States is exploring how artificial intelligence (AI) can significantly enhance in-situ recovery (ISR) methods for critical minerals. This innovation focuses on integrating physics and chemistry models to precisely predict the movement and reaction of fluids and reagents within complex, heterogeneous rock formations. Such advancements promise to overcome long-standing challenges in ISR, leading to more efficient, environmentally responsible, and economically viable extraction of vital resources for modern industries.

Verdera Energy to sell Treeline Uranium Project to Americas Uranium

2026-09-06

Verdera Energy has agreed to divest its Treeline Uranium Project in New Mexico to Americas Uranium for a consideration comprising $100,000 in cash and C$2 million in Americas Uranium common shares. This strategic transaction allows Verdera to focus on its larger-scale, historically resourced properties, while enabling Americas Uranium to acquire a promising exploration asset with an estimated 1.02 million pounds of historical triuranium octoxide in a region known for its uranium potential. The deal underscores ongoing consolidation and strategic portfolio adjustments within the North American uranium sector.

Amex Gold starts underground ramp at Perron project in Quebec

2026-09-06

Amex Gold Mining has officially commenced underground development at its wholly owned Perron Gold Project in Quebec, Canada, initiating ramp construction with contractor CMAC-Thyssen. This crucial step, marked by the completion of the underground portal and the first blast on September 3, 2026, aims to provide access to the high-grade Champagne Zone for a significant 40,000-tonne bulk sample program. The development is designed to de-risk future project stages by gathering essential data on mining conditions, grade continuity, and metallurgical performance, paving the way for eventual production.

President Trump’s Energy Dominance Agenda is Delivering for American Energy Workers

2026-09-05

The U.S. Department of Energy's 2026 U.S. Energy and Employment Report (USEER) reveals significant job growth across critical energy sectors, including a notable rebound in coal and nuclear power workforces, bolstering President Trump's Energy Dominance agenda. The report, released on September 3, 2026, highlights a median energy-sector salary of $63,000, 24% higher than the national average, and points to rising demand for skilled labor, presenting both opportunities and challenges for the broader mining industry supplying these sectors.

Euro Sun Mining plans $400m financing for Rovina Valley Project

2026-09-05

Euro Sun Mining is making substantial strides towards fully financing its Rovina Valley Gold-Copper Project in Romania, announcing a non-binding Memorandum of Understanding for up to $400 million in project funding. This crucial agreement involves global financial powerhouse Macquarie Bank and commodities giant Trafigura, setting an 18-month timeline for due diligence and structuring. Complementing this, Trafigura has committed to a $3 million equity investment, reinforcing its ongoing $200 million commitment to the project.

Forrestania acquires Edna May Gold Project in $215m deal

2026-09-05

Forrestania Resources has finalized its significant acquisition of the Edna May Gold Project from Ramelius Resources in a US$215 million (A$300 million) deal, marking a transformative expansion for the company. This strategic move establishes Forrestania with two major gold processing hubs in Western Australia, including the newly acquired Edna May and its existing Lake Johnston facilities, aiming for a combined milling capacity exceeding six million tonnes per annum. The acquisition, funded in part by a successful A$310 million capital placement, positions Forrestania for enhanced operational flexibility and solidified presence in a key global gold mining region.

Energy Secretary Secures Carolinas’ Grid Ahead of Holiday Weekend

2026-09-04

The U.S. Department of Energy (DOE) issued an emergency order on September 3, 2026, granting Duke Energy Carolinas, LLC, temporary authority to stabilize the electrical grid in the Carolinas, mitigating blackout risks amidst hot weather and ensuring power reliability through September 8, 2026. This directive, issued under Section 202(c) of the Federal Power Act, underscores critical vulnerabilities in national energy infrastructure and highlights the ongoing debate surrounding energy policy and its profound implications for energy-intensive industries such as mining. The incident provides a timely case study on the imperative of grid resilience and reliable power supply for continuous industrial operations.

Lindian, Carester plan rare earths separation plant in Kazakhstan

2026-09-04

Lindian Resources and Carester have forged a strategic agreement to establish an 8,000 tonnes per annum rare earth oxide separation facility in Stepnogorsk, Kazakhstan, complemented by a binding long-term offtake for heavy rare earth products. This landmark collaboration, supported by the Kazakh government, aims to create a crucial mine-to-oxide processing chain, enhancing global supply chain resilience for critical magnet-related rare earths. A definitive feasibility study, led by Carester and Tetra Tech Coffey, is anticipated by the end of 2026.

NT1 and Plutonian II agree on $500m merger deal

2026-09-04

Australian mineral exploration company NT1 has announced a definitive agreement to merge with Plutonian Acquisition Corp. II (Plutonian II), a special purpose acquisition company, in a transaction valued at an estimated $500 million. This strategic merger, anticipated to complete in 2027, will see the combined entity list on the New York Stock Exchange, providing NT1 with enhanced access to US capital markets to bolster its exploration of critical mineral assets, including rare earth elements, niobium, and IOCG deposits. The move underscores the increasing global demand for strategic minerals and the growing role of SPACs in facilitating access to public markets for resource companies.