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Copper Mining News

58 articles about copper mining

Michigan approves $50m grant for Highland’s Copperwood project

The State of Michigan has provided final approval for a significant $50 million grant to Highland Copper's Copperwood underground project, located in Gogebic County. This performance-based funding, aimed at infrastructure development and regional improvements, marks a crucial milestone for the $425 million copper mine, strengthening its financing outlook and underscoring Michigan's commitment to strategic mineral development and economic growth in the Upper Peninsula. The grant is conditional on Highland Copper securing additional financing and creating a minimum of 380 qualified jobs, with construction anticipated to begin in 2028 and commercial production by 2030.

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SSH named preferred contractor for Cavalier’s Crawford stage one

Cavalier Resources has selected SSH Group as the preferred mining services contractor for Stage One of its Crawford Gold Project in Western Australia, marking a pivotal step towards active production. The companies have signed a Letter of Intent for an initial-phase contract expected to span approximately 12 months, focusing on the oxide pit defined in Cavalier’s April 2026 pre-feasibility study. This strategic partnership underscores both companies' commitment to advancing the Crawford project, with definitive agreements and securing Stage One funding as the next critical milestones.

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Maglut unveils chromatography platform for rare earth processing in US

Maglut Heavy Industries has unveiled its proprietary ARC-1 rare earth separation system, a chromatography-based platform designed to domestically process and refine rare earth elements (REEs) in the US. This water-based technology, revealed at a closed event in Long Beach, California on August 27, 2026, aims to provide a cost-competitive and environmentally favorable alternative to traditional solvent extraction, addressing the critical need for secure and independent US rare earth supply chains amidst escalating geopolitical tensions and upcoming defense sector regulations.

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Forrestania awards $104m Johnson Range mining contract to MEGA

Forrestania Resources has awarded a substantial A$145 million (approximately $104.2 million USD) open-pit mining contract for its Johnson Range Project in Western Australia to MEGA Resources, marking a pivotal transition from the planning to the execution phase. This two-year agreement, announced on August 28, 2026, encompasses all critical mining activities from drilling and blasting to ore haulage and infrastructure development, solidifying a strategic partnership between the two entities. The selection of MEGA, following a competitive tender, underscores its proven operational capabilities and commitment to safety, performance, and integrated mining solutions.

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Cyclic Materials raises $75m to expand rare earth production in US

Cyclic Materials has secured $75 million in a strategic financing round, bringing its total equity funding to $237 million, to accelerate its domestic rare earth recycling initiatives. This capital infusion, led by accounts advised by T. Rowe Price Associates, will expedite the development of its integrated recycling campus in South Carolina and expand its "Hub-and-Spoke" infrastructure across the United States. The expansion is critical for boosting US capacity in recycling rare earths and other essential minerals, aligning with national security priorities to strengthen domestic supply chains for vital industries.

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Weir targets mill circuit wear as miners push for higher throughput

Weir PLC has launched the WARMAN MCR² mill circuit pump, featuring eight patented technologies to address the increasing complexities of mineral processing. Introduced on August 27, 2026, the pump integrates advancements in hydraulics, wear management, serviceability, and condition monitoring, aiming to extend operating campaigns and enhance predictability in demanding mining environments without requiring significant infrastructure changes. This innovation is poised to help miners improve throughput and manage costs as they process more challenging ore bodies globally.

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WA Government and YNAC appeal Fortescue compensation ruling

The Western Australian Government and the Yindjibarndi Ngurra Aboriginal Corporation (YNAC) have lodged separate appeals against a Federal Court ruling from May 2026, which ordered Fortescue Metals Group to pay A$150.3 million ($107.9 million USD) in compensation for iron ore mining activities conducted without a native title agreement. This landmark decision, considered one of the largest under Australia’s native title laws, now faces scrutiny from both the Indigenous group, seeking a higher amount, and the state government, advocating for clearer legal frameworks for future agreements. The appeals underscore the complex and evolving landscape of native title in Australia's vital mining sector, with significant implications for industry operations and Indigenous rights.

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US EXIM issues $1.1bn project letter for Ivanhoe Electric copper project

Ivanhoe Electric has secured a preliminary project letter from the U.S. Export-Import Bank (US EXIM) outlining $1.1 billion in potential debt financing for its Santa Cruz Copper Project in Arizona. This substantial support, part of US EXIM’s Make More in America Initiative, aims to bolster domestic copper production and secure critical mineral supply chains. The project intends to produce 99.99% pure copper cathode over a 23-year operational lifespan, utilizing advanced heap leach technology.

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UK National Wealth Fund to invest up to $96.8m in Tungsten West

<p><strong></strong></p> <p>The UK’s National Wealth Fund is set to invest up to £71 million (approximately $96.8 million) in Tungsten West to facilitate the recommencement of operations at the strategically important Hemerdon tungsten and tin mine in Devon. This substantial funding, comprising both equity and loans, aims to bolster the UK's domestic supply of critical minerals vital for sectors such as defence, aerospace, and advanced energy, while also fostering economic development and job creation in the South West region. The initiative underscores the UK Government’s commitment to securing resilient supply chains amidst increasing international supply volatility.</p> <p><strong>

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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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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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Peru investigates fatal accident at Las Bambas copper mine

A tragic incident at MMG's Las Bambas copper mine in Peru resulted in two fatalities and three injuries during pump replacement maintenance on August 18. Peru’s National Superintendency of Labor Inspection (Sunafil) has launched an investigation, prompting a temporary suspension of operations at the mine, which accounts for approximately 2% of global copper output. This event underscores the critical importance of safety protocols in high-altitude mining environments and highlights the operational risks inherent in the sector.

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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 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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ANM confirms 13 dead, seven injured in Colombia gold mine landslide

A tragic landslide at an unlicensed open-pit gold mine in Colombia on August 21, 2026, has claimed 13 lives and injured seven, underscoring the severe safety risks inherent in informal mining operations. The incident, occurring in the village of Puerto Rico, Nariño, involved unstable soil conditions and the alleged use of heavy machinery without proper regulation, drawing immediate response from the National Mining Agency (ANM) and highlighting the critical challenges of oversight and formalization within Colombia's extensive artisanal mining sector. This event adds to a concerning pattern of fatal accidents in the country's unregulated mining landscape, where hundreds of thousands rely on such activities for their livelihoods.

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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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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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Fortescue settles Queensland dispute over Gladstone electrolyser facility

Fortescue and the Queensland Government have reached a confidential settlement resolving a high-profile dispute over A$66 million in state funding for Fortescue's now-cancelled Gladstone electrolyser manufacturing facility. This agreement, announced on August 20, 2026, concludes legal action and sees the state retain significant assets, including project land and infrastructure, following Fortescue's strategic pivot away from its original electrolyser production plans. The resolution provides clarity for both parties while highlighting the complexities inherent in public-private partnerships supporting nascent green technologies.

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BHP, SiTration to trial copper recovery technology at Arizona mine site

BHP and SiTration, an MIT spin-out, are launching two pilot programs in Arizona's historic Copper Cities site to trial a novel copper recovery technology from legacy mining water. This initiative aims to produce commercial-grade copper cathodes, bolstering domestic supply chains and demonstrating a sustainable method to extract value from historical mining sites. The initial small-scale trial, lasting one month, will be followed by a larger deployment later this year, producing up to two tonnes of copper over two months.

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Viridis obtains $120m equity backing for Colossus rare earth project

Viridis Mining and Minerals has secured commitments for nearly $120 million (A$170 million) in strategic equity funding for its Colossus rare earth project in Minas Gerais, Brazil. This capital injection, from OneIM, ORE Investments, Régia Capital, and a consortium of institutional investors, surpasses the project's equity funding needs and will enable Viridis to advance major development activities. The funding positions the Colossus project to reach a final investment decision and commence construction in the fourth quarter of 2026, bolstering Brazil's role in the global critical minerals supply chain.

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Fortescue’s Green Metal Project produces first hot metal

Fortescue has achieved a significant milestone by producing the inaugural hot metal at its Green Metal Project in Christmas Creek, Western Australia, utilising an electric smelting furnace. This pilot operation marks a critical step in the company's strategy to develop lower-emission iron-making technologies and produce commercial-scale green metal from Pilbara ore, moving away from traditional coal-based methods. The development underscores Australia's potential to leverage its abundant renewable energy resources and vast iron ore reserves to become a leader in global decarbonisation efforts within the heavy industry sector.

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AuKing Mining signs agreement to acquire Green Exploration

AuKing Mining has announced a binding agreement to acquire Green Exploration, a Malawian subsidiary of Tusker Minerals, for approximately A$4.85 million. This strategic transaction grants AuKing control over several key Malawian exploration assets, most notably the Machinga Rare Earth Elements Project, while allowing Tusker Minerals to sharpen its focus on its Mzimba rutile project. The deal represents a significant step in portfolio optimization for both Australian-listed companies and underscores Malawi's emerging role in critical mineral supply chains.

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Talisman Metals begins drill mobilisation at Morocco’s Tirzzit project

<p></p> <p>Talisman Metals has initiated a crucial 3,000-meter reverse circulation (RC) drilling program at its Tirzzit copper project in Morocco, with operations set to commence in early September 2026 and last approximately six weeks. This drilling aims to delineate the full strike of previously identified basal series mineralization and conduct step-out drilling, building on promising historic data and recent channel sampling results. The project, strategically located near other significant deposits, represents a key advancement in Talisman's exploration efforts in a region gaining increasing attention for its mineral potential amidst rising global copper demand.</p> <p>

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American Rare Earths, Novex sign MoU for rare earth oxides

American Rare Earths (ARR) has signed a Memorandum of Understanding (MoU) with Novex, a US-based technology company, aimed at establishing a fully domestic rare earth mine-to-magnet supply chain. This collaboration, formalized on August 17, 2026, through ARR’s subsidiary Wyoming Rare (USA), focuses on converting rare earth oxides from ARR's Halleck Creek Project into essential metals for permanent magnets, addressing a critical bottleneck in US strategic material independence. The initiative is particularly timely given new US defense regulations prohibiting Chinese-sourced rare earth magnets from January 2027.

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US boron: from critical minerals policy to domestic production

The United States is strategically moving to re-establish domestic boron production, identifying the mineral as critical for defense, semiconductors, and advanced manufacturing. 5E Advanced Materials’ Fort Cady project in Southern California, now fully permitted and backed by initial government financing, is positioned to become the nation's first new boron producer in decades, supporting a complete domestic value chain from extraction to advanced materials. This initiative aims to reduce reliance on foreign supply chains and bolster national security.

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Energy Secretary Announces Cancellation of Three Proposed National Interest Electric Transmission Corridors

The U.S. Department of Energy, under Secretary Chris Wright, announced on August 12, 2026, the cancellation of three proposed National Interest Electric Transmission Corridors, citing concerns over reliability, costs, and community feedback. This decision marks a significant shift in national energy policy, moving away from previous "decarbonization" initiatives towards a focus on strengthening the existing grid for affordable and reliable electricity, backed by substantial investments in conventional transmission infrastructure. The implications for the mining sector are significant, particularly concerning energy costs, grid stability for operations, and demand for critical materials used in traditional grid upgrades.

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Underground LDES: turning mines and caverns into energy storage

As global energy grids increasingly integrate intermittent renewable sources, the demand for long duration energy storage (LDES) is accelerating a shift towards innovative subterranean solutions. This article delves into how repurposed mine shafts and salt caverns are becoming critical infrastructure for LDES, specifically through Compressed Air Energy Storage (CAES) and Underground Gravity Energy Storage (UGES). Experts from Storelectric and Green Gravity discuss the technical and economic merits of these approaches, highlighting their potential to overcome limitations of conventional battery technologies and revitalize former mining assets.

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CiDi reports 1,900 autonomous mining trucks shipped as deployment scales

Chinese technology firm CiDi has reported a remarkable surge in autonomous mining truck deployments, with over 1,900 cumulative shipments to nearly 40 mines globally, marking a 213% increase year-on-year. This expansion includes seven sites operating fleets exceeding 100 vehicles, alongside the strategic diversification into mining robotics and significant financial growth, positioning CiDi as a key player in the autonomous mining sector. The company's robust financial performance and commitment to zero-accident operations underscore the growing maturity and adoption of heavy-duty embodied AI in mining.

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Sandvik receives orders for underground fleet at Karowe mine

Sandvik has secured a significant order from Lucara Botswana to supply a 15-unit underground fleet, along with comprehensive parts and services, for the Karowe diamond mine. Booked in the second quarter of 2026, this strategic acquisition, supported by a specialized financing package, is critical for Lucara's Karowe Underground Project, aiming to extend the mine's operational life beyond 2038 and sustain its reputation for recovering exceptional large diamonds.

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Anglo American signs iron ore supply agreement with CMRG

Anglo American has announced a year-long iron ore supply agreement with the China Mineral Resources Group (CMRG), with deliveries commencing on April 1, 2026, from its South African subsidiary, Kumba Iron Ore. This strategic move aligns Anglo American with other major miners like BHP Group in engaging with China's centralized procurement entity, signaling an evolving landscape for global iron ore trade. The deal, while representing a small portion of Anglo American's total output, highlights the continued importance of the Chinese market for high-grade iron ore.

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Energy Department Modernizes National Laboratory Operations to Strengthen America’s Scientific, Energy, and National Security Missions

On August 13, 2026, the U.S. Department of Energy (DOE) announced a significant modernization of its National Laboratories' operating directives, aiming to reduce bureaucratic hurdles and enhance efficiency. This initiative, part of President Trump's "Restoring Gold Standard Science" commitment, seeks to empower scientific personnel to focus on critical energy, national security, and innovation missions. For the mining industry, this streamlining effort signals potentially accelerated demand for critical minerals required by advanced energy and defense technologies, while also hinting at a broader governmental philosophy towards regulatory efficiency that could impact permitting processes.

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Australia, NSW governments commit $1.76bn to Tomago Aluminium

The Australian and New South Wales (NSW) governments have pledged a significant A$2.5 billion (US$1.76 billion) investment to secure the long-term future of the Tomago Aluminium smelter. This landmark commitment, announced on August 13, 2026, aims to transition the facility to 100% renewable energy by 2033, safeguard over 1,000 direct jobs, and facilitate the decarbonization of a substantial portion of NSW's electricity grid.

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Infinity Metals expands Swansea copper project area in Arizona

Infinity Metals has significantly expanded its Swansea copper project in La Paz County, Arizona, by 47%, acquiring full ownership of 16 new mineral lode claims and four Placer claims. This strategic move extends the project's tenure to cover over 5km of strike length, targeting potential extensions of the high-grade copper mineralization historically mined at Swansea, which produced 29 million pounds of copper at an average grade of 2.43%. The company is currently compiling historical data and conducting baseline studies in preparation for drilling approvals, underscoring its commitment to advancing its copper-molybdenum strategy in the Nevada-Arizona region.

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Savannah signs new land deals for Barroso Lithium Project in Portugal

Savannah Resources has announced the signing of three pivotal land access agreements with communal land groups, known as baldios, for its Barroso Lithium Project in northern Portugal. These agreements, dated August 12, 2026, are crucial for securing the necessary footprint for project development and underscore a commitment to robust community engagement through provisions for local participation, reinvestment, and indexed compensation, significantly advancing Europe's prospective critical minerals supply.

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How drones, LiDAR and AI are changing mine rehabilitation in Brazil

<p></p> <p>In a significant advancement for environmental stewardship within the mining sector, Brazilian mining giant Vale is deploying an innovative suite of technologies, including drones, LiDAR, and artificial intelligence, to enhance mine rehabilitation efforts. This pioneering approach, centered on the Green Cubes platform at the former <emu>Águas Claras</emu> iron ore mine, utilizes 3D digital twins to meticulously monitor biodiversity, vegetation, and overall restoration progress, setting a new benchmark for transparency and efficiency in post-mining land remediation.</p> <p>

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Cobalt supply: why battery recycling patents matter

As the global mining industry grapples with escalating cobalt supply risks, particularly for the burgeoning electric vehicle and renewable energy sectors, the strategic significance of battery recycling is reaching unprecedented levels. Insights from Russell Woolley, published on August 11, 2026, underscore that robust intellectual property protection through patents is becoming increasingly vital for innovations in battery material recycling, transforming it into a cornerstone for securing future cobalt supply chains. This shift emphasizes a critical evolution in resource management, where secondary sources are moving from supplementary to strategically essential.

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Why mining’s decarbonisation challenge starts with reliable connectivity

Reliable connectivity has emerged as a foundational element for the mining industry's ambitious decarbonization strategies, enabling critical advancements in electrification, automation, and real-time emissions monitoring. As companies target net-zero operational emissions by 2050, technologies like private 5G networks are proving essential for optimizing fleet management, enhancing energy efficiency across diverse operations, and building a scalable digital infrastructure to support future AI-driven initiatives. This strategic shift is exemplified by operations such as Boliden's Aitik copper mine, which has reported significant improvements in productivity and operational efficiency through advanced connectivity solutions.

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Blue Moon purchases 33 US tungsten, antimony projects

Blue Moon Metals has announced the acquisition of 33 tungsten and antimony projects across the western United States from a private seller, a strategic move aimed at solidifying its position as a leading US-focused critical metals platform. Valued at approximately $20.5 million, the transaction involves a combination of shares, cash, and future milestone payments, with a key focus on developing high-grade tungsten for direct shipping to the company’s Springer facility and exploring antimony monetization opportunities. This acquisition underscores the growing importance of securing domestic critical mineral supply chains amidst increasing global demand and geopolitical considerations.

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Golden Rapture agrees deal for land south of Canada’s Goliath project

Golden Rapture Mining has strategically expanded its land holdings in northwestern Ontario by acquiring the South of Goliath Property, located just 500 meters from NexGold Mining's advanced Goliath Gold Project. This acquisition, involving a cash payment of C$600 and the issuance of 200,000 shares, positions Golden Rapture adjacent to a project boasting significant proven and probable gold and silver reserves, highlighting the ongoing exploration dynamism in Canada's prolific gold regions. The transaction awaits approval from the Canadian Securities Exchange and includes a 1.5% net smelter return royalty for the sellers.

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US unveils $2bn boost for domestic mining initiatives

On August 10, 2026, the US government, led by President Donald Trump, unveiled a sweeping initiative committing over $2 billion to fortify domestic critical minerals production and related manufacturing, alongside an additional $180 million for mining workforce development and education. These investments aim to bolster American supply chain security, reduce reliance on foreign sources for essential materials, and re-invigorate the nation's strategic industrial base. The package includes significant funding for companies developing everything from refractory-grade bauxite to advanced battery components and rare earth-free magnets, marking a pivotal moment for the US mining sector.

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DOE’s Office of Energy Dominance Financing Closes Loan to Strengthen Puerto Rico’s Grid, Delivering Hundreds of Millions in Electricity Cost Savings

The U.S. Department of Energy’s Office of Energy Dominance Financing (EDF) has closed a $489.4 million loan to Amanecer Puerto Rico LLC, a subsidiary of Pattern Energy, aimed at significantly bolstering Puerto Rico's electric grid. This strategic investment, announced on August 5, 2026, is projected to save Puerto Rican consumers and businesses approximately $312.5 million in electricity costs over the next 25 years while enhancing grid reliability through 220 megawatts of American-manufactured battery storage systems and a future pathway for natural gas generation. The initiative underscores a broader commitment to strengthening domestic supply chains, supporting American manufacturing, and ensuring energy security, with notable implications for the critical minerals sector.

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Lycopodium wins $65.5m contract for Blackwater EP2 project

Lycopodium has secured a significant A$93 million ($65.5 million USD) Engineering, Procurement, and Construction Management (EPCM) contract for Artemis Gold’s Blackwater Mine Expanded phase two (EP2) project in central British Columbia, Canada. This contract marks a crucial step in Blackwater’s multiphase expansion program, aiming to increase the mine’s total throughput capacity to 21 million tonnes per annum, solidifying its position as a major gold and silver producer in a premier mining jurisdiction.

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Energy Department Launches $100 Million Initiative to Build America’s Critical Minerals Workforce, Strengthen Domestic Supply Chains

The U.S. Department of Energy (DOE) has launched the $100 million Providing Opportunities for Specialized Education in Critical Technologies (PROSPECT) initiative, aimed at bolstering America's critical minerals workforce and securing domestic supply chains. Announced on August 7, 2026, by the DOE’s Office of Critical Minerals and Energy Innovation, this program seeks to double the number of graduates in mining and related fields within two years and address a projected need for 6,000 new mining engineers over the next decade. PROSPECT represents a significant federal investment in education and training to reduce reliance on foreign adversaries for essential materials.

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Phase one drilling begins at Decade’s Bonaparte copper-gold project

Decade Resources has initiated its pivotal phase one drilling program at the Bonaparte copper-gold project in British Columbia, Canada, targeting a blend of porphyry, intrusion-related gold, and epithermal vein systems. This initial 3,000-meter drill program across six holes aims to test significant geophysical and geochemical anomalies, building on historical high-grade gold intercepts. The project, strategically located near Kamloops, represents a key exploration focus for Decade Resources, with potential implications for North America's critical minerals supply chain.

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United States to Host International Atomic Energy Agency Launch for New Maritime Nuclear Initiative

The United States is set to host the ministerial launch of the International Atomic Energy Agency’s (IAEA) new ATLAS initiative in Washington, D.C., on August 26–27, 2026. This landmark event will establish an international framework for the safe and secure deployment of nuclear technologies in the maritime sector, addressing legal and regulatory complexities for advanced applications like floating nuclear power plants and civil nuclear-powered ships. The initiative holds significant implications for the mining industry, particularly regarding future demand for uranium and other critical minerals essential for advanced nuclear reactor development.

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Glencore reports 49% revenue rise in H1 2026

Glencore reported a robust financial performance for the first half of 2026, with revenue climbing 49% to $174.43 billion and adjusted EBITDA surging 86% to $10.1 billion, driven by elevated commodity prices and strong marketing contributions. The global diversified miner also announced plans for a secondary listing on the Australian Securities Exchange (ASX) in October 2026, aiming to broaden its investor base, alongside strategic investments in its copper portfolio and a positive outlook for the remainder of the year.

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Aya Gold & Silver expands exploration in Morocco

Aya Gold & Silver has significantly expanded its exploration footprint in Morocco, acquiring a new portfolio comprising three projects across 259km² for Dh10 million ($1.06 million). This strategic move, announced on August 6, 2026, increases Aya's land package in the country by 35.4% to over 991km², positioning the company for diversified growth beyond its primary silver operations into critical and base metals. The acquisition includes the Zagora, Agadir-Melloul, and Goulmim projects, each demonstrating potential for a range of commodities from cobalt and rare earth elements to copper, lead, and gold, underscoring Aya's ambition to build a robust pipeline of future discoveries.

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Metalsource Mining starts new drilling phase at Silver Hill Project

Metalsource Mining has initiated a crucial new drilling phase at its Silver Hill Project in North Carolina, focusing intently on expanding the high-grade polymetallic mineralization previously identified in Hole SH26-07. This targeted program aims to trace strike and down-plunge extensions as the company moves towards its maiden mineral resource estimate by early 2027, building on recent land acquisitions and enhanced geological understanding. The strategy underscores Metalsource's commitment to systematically defining the economic potential of this promising silver, gold, lead, and zinc discovery.

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From predictive maintenance to autonomous operations: the roadmap to scaling AI in mining

<p><strong></strong></p> <p>The mining industry is on the cusp of a significant transformation, with Artificial Intelligence projected to see a substantial increase in investment, growing from $2.7 billion in 2024 to $13.1 billion in 2029. While AI currently excels in predictive maintenance and data analysis, the next critical phase involves bridging the gap between AI-driven insights and actionable operational responses. This evolution demands robust infrastructure, integrated systems, and a prepared workforce to convert predictions into secure, coordinated actions, ultimately moving towards bounded autonomous control.</p> <p><strong>

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Kobrea and BHP form exploration alliance in Argentina

BHP Metals and Kobrea Exploration have forged a strategic alliance to undertake advanced and generative copper exploration within Argentina's Western Malargüe Mining District in Mendoza Province. This partnership, announced on August 6, 2026, will see BHP invest significant capital, including an initial $3 million payment and up to $40 million per selected project over an eight-year earn-in period, to secure a 75% interest in potential discoveries. The collaboration leverages Kobrea's established local presence and geological insights with BHP's global technical expertise and financial strength, aiming to identify and develop multiple porphyry copper targets critical for future global supply.

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SAGA Metals begins mobilisation for Wolverine rare earth project

SAGA Metals has initiated a significant mobilization effort at its Wolverine Heavy Rare Earth Element Project in central Labrador, Canada, preparing for a substantial 4,000–5,000-meter diamond drilling campaign. This program aims to build upon promising 2025 reverse circulation drilling results, which identified broad zones of near-surface rare earth element mineralization with high heavy rare earth oxide contributions. The systematic exploration is geared towards establishing a robust geological database essential for defining a maiden resource, strategically positioning SAGA Metals in the critical minerals sector.

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Cove Kaz Capital Group engages operators for Kazakhstan tungsten DFS

Cove Kaz Capital Group has announced the appointment of a consortium of international engineering firms to conduct a definitive feasibility study (DFS) for its Northern Katpar tungsten project in Kazakhstan. This critical step, which commenced in July 2026 and is slated for completion by the end of 2027, is poised to unlock significant tungsten resources and is strategically aimed at addressing a systemic global shortage, with strong backing from US financial institutions. The project, alongside the nearby Upper Kairakty deposit, targets an annual production of 12,000 tonnes of tungsten trioxide, representing approximately 15% of current global mine output.

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Canada Nickel’s Crawford project gains federal approval

Canada Nickel Company has secured landmark federal approval for its Crawford nickel project in north-eastern Ontario, marking the first mining project cleared under Canada's amended Impact Assessment Act since 2019. This pivotal decision positions Crawford to become the Western world's largest nickel sulphide operation and North America's sole primary source of chromium, critical for defence, aerospace, and electric vehicle industries, while also aligning with the company's vision for a zero-carbon industrial cluster. The expedited approval process, strong Indigenous partnerships, and commitment to innovative, sustainable mining practices set a significant precedent for future major natural resource developments across Canada.

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Allied Gold and Zijin Gold end arrangement agreement

Allied Gold and Zijin Gold International Company have terminated their C$5.5 billion definitive agreement for Zijin's acquisition of Allied Gold, citing unmet conditions and external factors impacting large cross-border transactions. Despite this, Zijin will proceed with a strategic investment of approximately 1.99 billion yuan (US$295 million) in Allied Gold, securing a roughly 9.2% equity stake to support Allied Gold's key growth initiatives in Africa, including the Kurmuk project and Sadiola expansion. This strategic pivot highlights the evolving landscape of global mining M&A and the preference for collaborative investment over full takeovers amidst regulatory complexities.

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Energy Fuels starts construction on White Mesa Mill expansion

Energy Fuels has commenced construction on a significant expansion of its White Mesa Mill in Utah, aiming to establish commercial-scale production of heavy rare earth oxides, specifically terbium and dysprosium. This $104 million project is a critical step in the company's strategy to build an integrated mine-to-magnet supply chain in North America and Europe, addressing a severe pinch point in the global permanent magnet industry. The expansion, set to complete initial heavy rare earth circuits by late 2027, will leverage feedstock from the company's Donald Project in Australia and support downstream magnet manufacturing in South Korea and the United States.

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Lake Victoria Gold launches phase three land valuation at Imwelo

Lake Victoria Gold, through its subsidiary Tembo Gold (T), is set to commence the phase three land valuation and compensation program at its Imwelo Gold Project in Tanzania on August 1, 2026. This crucial step, covering approximately 73 acres in the Imwelo A Hamlet, is essential for expanding mine infrastructure, including accommodation camps and workshop facilities, bringing the total secured land to 526 acres. This systematic land acquisition underscores the company's disciplined execution and commitment to responsible community engagement as the project transitions from permitting to its construction and production phases.

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Buscar Company expands Treasure Canyon mining claims

Buscar Company, through its subsidiary Eon Discovery, has significantly expanded its Treasure Canyon Project in Plumas County, California, by staking 44 new lode mining claims, increasing its land position from approximately 200 acres to nearly 1,098.71 acres. This strategic acquisition aims to cover the interpreted strike extensions of five gold-bearing quartz vein systems, providing a robust footprint for the company's impending 10,000-foot diamond drilling program targeting gold and potential copper-gold mineralization. The move reflects a systematic approach to exploration in a historically rich mining district, with the company anticipating key permitting and financing milestones to advance the project.

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Energy Department Announces Partnership to Expand Reliable, Affordable Energy Access and Power America’s AI Future in Western Kentucky

The U.S. Department of Energy (DOE) has announced a landmark $100 billion private-sector partnership to transform its Paducah Site in Western Kentucky into a massive data center campus powered by new energy infrastructure. Led by Brookfield and NextEra Energy, the project will include 2 gigawatts of natural gas generation and 2.6 gigawatts of battery storage to support a 1.8-gigawatt AI/HPC campus, signaling a significant demand surge for essential mined materials and energy resources. Expected to create 8,000 construction and 600 permanent jobs, this initiative highlights the growing interconnectedness between advanced technology, robust energy supply, and the crucial role of the mining industry in securing the raw materials for both.

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