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Molybdenum Mining News

53 articles about molybdenum mining

Wildsky signs LoI for Zimbabwe’s NewRidge Gold Project

Canadian exploration firm Wildsky Resources has signed a binding Letter of Intent (LoI) to acquire a full interest in the NewRidge Gold Project in Zimbabwe's Manicaland Province, along with an option for three adjacent mining claims. This strategic move, announced on October 5, 2026, positions Wildsky within the geologically prospective Odzi-Mutare-Manica greenstone belt, enhancing its African mineral portfolio and signaling continued investment interest in Zimbabwe's gold sector. The transaction involves significant cash payments and share issuances to Golden Cube Mining, the current holder, contingent on due diligence and regulatory approvals.

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Epiroc secures order from Sibanye-Stillwater for South African mine

Epiroc has secured a significant order from Sibanye-Stillwater to supply advanced underground mining equipment for the Siphumelele platinum shaft in Rustenburg, South Africa. This strategic investment, featuring low-profile loaders and versatile utility vehicles, is a cornerstone of Sibanye-Stillwater's initiative to mechanise operations, aiming to enhance safety, boost productivity, and extend the mine's operational lifespan. The agreement underscores a critical industry trend towards modernised mining techniques in challenging narrow-vein environments, reflecting a commitment to sustainable resource extraction and operational efficiency.

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ACDC Metals gains BLM permits for Mount Jackson drill campaign

ACDC Metals has secured vital environmental permitting approval from the US Bureau of Land Management (BLM) for its Mount Jackson gold-silver project in Nevada, paving the way for a maiden drilling campaign and a geophysical survey. This significant milestone, announced on October 1, 2026, allows the company to proceed with a 12 line-kilometre controlled source audio magnetotellurics (CSAMT) survey in October 2026 and up to 2,500 meters of reverse circulation (RC) drilling targeting the Pegasus and 3 Shaft zones in Q4 2026. The project, located in the geologically rich Walker Lane mineral belt, aims to build upon historical mineralization results and validate the understanding of the precious metals system.

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Yancoal closes $1.85bn deal for 80% stake in Kestrel Coal Mine

Yancoal Australia has finalized a significant $1.85 billion acquisition for an 80% interest in Queensland’s Kestrel Coal Mine, a premier metallurgical coal asset. This strategic move, which could see the total transaction value rise to $2.4 billion, bolsters Yancoal's presence in the Bowen Basin, diversifies its product mix with premium coking coal, and is expected to increase its pro forma metallurgical coal production share to 22%. The long-life Kestrel mine, with substantial reserves, is poised to enhance Yancoal's shareholder value and reinforce its standing as a leading Australian coal producer.

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Solar, wind and tidal for renewable fuels: what the research says

As global industries intensify their decarbonization efforts, particularly in hard-to-abate sectors like heavy transport and industrial processes, research into low-carbon fuels derived from renewable energy sources is gaining critical momentum. This article explores cutting-edge innovations across solar, wind, and tidal energy, focusing on their potential to produce green hydrogen, ethanol, and synthetic fuels without relying on fossil fuels or traditional electrolyzers. We delve into the work of leading researchers and facilities, examining the technical advancements, economic implications, and strategic importance of these developments for the mining sector's sustainability journey.

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The United States Energy Department Continues Execution of Strategic Reserve Release Commitments

The U.S. Department of Energy (DOE) announced on September 29, 2026, a Request for Proposal for an exchange of up to 40 million barrels of crude oil from the Strategic Petroleum Reserve (SPR). This action is part of the ongoing U.S. commitment to stabilize global oil markets and contribute to the 400-million-barrel release coordinated by the International Energy Agency. The exchange mechanism, which requires participating companies to return more oil than they borrow, simultaneously bolsters immediate supply and strengthens the SPR's long-term inventory without taxpayer expense.

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CoTec, Copper Intelligence sign agreement for DRC tailings

<p></p> <p>CoTec and Copper Intelligence have formalized a definitive joint venture agreement, announced on September 30, 2026, aimed at processing historical copper tailings across the Democratic Republic of Congo (DRC), particularly within its renowned Central African Copperbelt. This strategic alliance seeks to unlock significant value from decades of accumulated mining waste, leveraging CoTec’s specialized technologies and rigorous due diligence processes to recover critical copper resources. The initiative aligns with a growing industry trend towards sustainable resource recovery and addresses the increasing global demand for copper, positioning the DRC as a key player in the circular economy for base metals.</p> <p>

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Troilus secures $850m credit-approved debt commitments

Troilus Mining has secured an $850 million (C$1.21 billion) credit-approved debt commitment from KfW IPEX-Bank and Société Générale, a critical step towards fully funding its Troilus Gold-Copper Project in Québec, Canada. This commitment forms the core of a planned $1.1 billion total debt package, which includes a proposed $250 million from Export Development Canada, subject to final internal approvals. The financing features a three-year repayment grace period during construction and a ten-year, cash flow-aligned amortization, signaling a significant de-risking for the project and a milestone for the company.

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Montage Gold delivers first gold pour at Koné mine

Montage Gold has announced the successful first gold pour at its Koné mine in Côte d’Ivoire, achieving this significant operational milestone ahead of its initial target date of the second quarter of 2027 and within budget. The project, which has processed over 400,000 tonnes of ore to yield approximately 1,140 ounces of gold, is set to ramp up its oxide circuit to commercial production by the end of 2026, while concurrently advancing the construction of its hard-rock comminution circuit. This early production, alongside substantial resource increases and robust local employment initiatives, positions Koné as a rapidly developing asset in West Africa's burgeoning gold sector.

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Drill programme begins at Sirios’ Aquilon gold project

Sirios Resources has launched a 1,800-meter diamond drilling program at its Aquilon gold project in Quebec, Canada, on September 28, 2026. This critical initiative, funded jointly with 51% stakeholder Sumitomo Metal Mining Canada, aims to define the lateral and depth continuity of a significant gold halo discovered in 2025. The program seeks to expand on previous intercepts, including a notable 298.2 meters grading 0.26 g/t gold, while also exploring the potential of high-grade zones like Lingo and Moman within the 68 km² property.

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Trump Administration Mitigates Blackout Risks by Keeping Colorado Coal Plant Online

U.S. Secretary of Energy Chris Wright issued an emergency order on September 25, 2026, mandating the continued operation of Craig Station Unit 1, a coal-fired power plant in Colorado, through December 25, 2026. This directive, citing critical grid reliability concerns in the Western Electricity Coordinating Council (WECC) Rocky Mountain region, underscores the Trump Administration's strategy to preserve coal-fired generation and mitigate blackout risks, a move with significant implications for the U.S. thermal coal mining sector.

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BLM approves seven new drill pads for Spartan Metals in Nevada

Spartan Metals has received crucial approval from the U.S. Bureau of Land Management (BLM) for seven new drill pads at its Tungstonia Claims, part of the Eagle Tungsten-Silver-Rubidium Project in Nevada's White Pine County. This expansion brings the total authorized drill sites to 32, strategically chosen based on advanced geophysical surveys to target deep extensions of known vein systems and new mineralization styles, enhancing the project's potential in the critical minerals sector. The move underscores Spartan's data-driven exploration approach and Nevada's role in bolstering domestic mineral supply chains.

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Kuniko completes phase two drilling at Commonwealth-Silica Hill

Kuniko has announced the completion of its phase two diamond drilling program at the Silica Hill prospect, part of the Commonwealth Project in Australia's prolific Lachlan Fold Belt. The program involved 11 holes totaling 2,731 meters, significantly deepening geological understanding and supporting an anticipated mineral resource estimate update in the fourth quarter of 2026. This extensive work, including forthcoming downhole electromagnetic surveys and assay results, aims to define potential extensions of the mineralized system and advance Kuniko's strategic exploration in the region.

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Americas Uranium finalises 100% acquisition of Treeline project in US

Americas Uranium has successfully finalized its 100% acquisition of the Treeline uranium property in New Mexico, marking a pivotal expansion into a historically significant US uranium jurisdiction. The transaction, involving cash payments, an initial share issuance, and future staged share considerations totaling C$2 million, positions Americas Uranium to actively advance exploration on the multi-area property. This strategic move underscores the growing industry focus on securing domestic uranium resources amidst a strengthening global nuclear energy outlook and reflects a commitment to leveraging New Mexico's rich uranium legacy.

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Energy Department Announces Speed to Power Investments Across 26 States to Lower Electricity Costs and Improve Grid Reliability

The U.S. Department of Energy (DOE) announced on September 24, 2026, a significant $5.25 billion investment in 31 grid-improvement projects across 26 states under its Speed to Power (SPARK) initiative. This program aims to reconductor over 1,500 miles of transmission lines and deploy advanced grid technologies across nearly 21,000 miles, making more than 23 gigawatts of additional electricity capacity available. These efforts are projected to enhance grid reliability, lower electricity costs for approximately 100 million Americans, and hold profound implications for the energy-intensive mining sector.

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Talisman Metals acquires three new licences at Tirzzit Copper Project

Talisman Metals has significantly expanded its Tirzzit Copper Project in Morocco, acquiring three new exploration licenses adjacent to its existing permits. This 2.8-fold expansion, covering an additional 47km², boosts Talisman's total exploration footprint to 63.5km² within a geologically prospective region known for sediment-hosted stratiform copper-silver systems. The strategic move positions the company for extensive exploration activities over the next four years, leveraging Morocco's supportive mining policy and the area's rich mineralization potential.

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Rainbow agrees Phalaborwa offtake framework with Neo Performance

<p></p> <p>Rainbow Rare Earths has entered into a significant Memorandum of Understanding (MoU) with Neo Performance Materials, a rare earth separation technology specialist, for its Phalaborwa project in South Africa. This agreement outlines technical support, design input for the crucial solvent extraction (SX) separation circuit, and a strategic offtake arrangement for separated neodymium-praseodymium oxide and mixed heavy rare earth carbonate products. The collaboration marks a critical step forward for the Phalaborwa project, which aims to extract valuable rare earth elements from phosphogypsum waste, positioning it as a key contributor to diversified and sustainable global rare earth supply chains.</p> <p>

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Blue Moon Metals to acquire Turner deposit from Gold Coast Mining

<p><br />Blue Moon Metals has strategically acquired the Turner copper-gold volcanic massive sulphide (VMS) deposit from Gold Coast Mining, located near O’Brien, Oregon. This acquisition significantly expands Blue Moon’s critical metals portfolio in the Western US, adding polymetallic mineralization including copper, gold, zinc, silver, and cobalt to its growing asset base. The transaction, valued at approximately $31.7 million in cash and shares plus potential milestone payments, underscores Blue Moon’s focus on securing domestic supply for essential industrial and battery metals.</p> <p>

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Mercuria pledges $500m to Project Vault minerals initiative

Mercuria, a leading global commodity trader, has pledged a significant $500 million (SFr411.76 million) to Project Vault, now known as VaultCo, an initiative designed by the Export-Import Bank of the US (EXIM) to establish a strategic national stockpile of critical minerals. Revealed during the UN General Assembly summit in New York, this investment, alongside Glencore's participation as a founding partner, aims to fortify US industrial supply chains and reduce exposure to global market disruptions for essential materials vital to manufacturing, infrastructure, and energy sectors. The collaboration leverages the financial capacity of EXIM with the extensive trading, logistics, and sourcing expertise of its industry partners to enhance US critical mineral security.

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BHP suspends activities at Escondida mine after maintenance accident

BHP has announced the immediate suspension of all activities at its Escondida copper mine in northern Chile, the world's largest copper producer, following a fatal accident during maintenance work on September 24, 2026. The incident, which involved a front-end loader and resulted in the death of an employee, triggers mandatory regulatory pauses for safety inspections, casting uncertainty on the restart timeline for this critical global copper supply source. The suspension comes just months after the mine secured an environmental permit for a significant $14.7 billion expansion project.

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Silver Bow Mining announces $88m term sheet with Ocean Partners

Silver Bow Mining has announced a non-binding term sheet with Ocean Partners UK for an $88 million funding, credit support, and offtake package. This strategic arrangement is designed to bolster the development of Silver Bow's Rainbow Block Project in Butte, Montana, and facilitate the acquisition and restart of the Montana Tunnels Mine, significantly enhancing the company's financial flexibility and liquidity for these key US base metal assets.

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Trump Administration Moves to Keep Indiana Coal Plants Operating to Support Grid Reliability

<p></p> <p>The U.S. Department of Energy, under Secretary Chris Wright, issued emergency orders on September 19, 2026, compelling Northern Indiana Public Service Company (NIPSCO), CenterPoint Energy, and the Midcontinent Independent System Operator (MISO) to keep two Indiana coal-fired power plants operational. The R.M. Schahfer and F.B. Culley generating stations, originally slated for retirement at the end of 2025, have been deemed critical for maintaining grid reliability and preventing blackouts in the Midwest through December 18, 2026, particularly during periods of high demand and low intermittent renewable generation.</p> <p>

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Koryx Copper plans 80% stake in Zambia Copperbelt licences

Koryx Copper is set to significantly increase its ownership in two promising Zambian Copperbelt exploration projects, Luanshya West and Mpongwe, from 51% to 80% through an amended agreement with World Class Mineral Ventures. This strategic move, valued at $200,000 in cash and 80,000 common shares, solidifies Koryx's control over key exploration assets in a globally vital copper region. The company has already initiated extensive fieldwork, including a 2,500-meter diamond drilling program at Luanshya West, underscoring its commitment to advancing these projects.

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Syntax launches SAP-based maintenance budgeting tool for mining

Syntax has introduced its new SAP-based maintenance cost budgeting solution, Syntax Maintenance Cost Budgeting, designed to transform how mining companies manage their operational expenditures. Developed in partnership with SAP, this tool integrates with SAP Cloud ERP to provide real-time visibility and predictive analytics for maintenance costs, moving away from traditional manual methods. The solution aims to enhance financial oversight, improve planning, and support more informed decision-making across the complex, multi-site operations characteristic of the global mining sector.

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American Lithium starts operations at Falchani pilot plant in Peru

American Lithium Corp. has successfully initiated operations at its Falchani Lithium Project pilot plant in Lima, Peru, marking a significant step forward for the volcanic-hosted lithium deposit. The facility, which is currently processing mineralisation, has already demonstrated an impressive average lithium recovery rate of 88.7% in semi-continuous tests, exceeding the 80% target established in the company's February 2024 preliminary economic assessment. This development underscores the project's potential to become a key supplier of battery-grade lithium carbonate, leveraging a comparatively simple processing flowsheet due to the ore's low impurity profile.

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Lahontan Gold signs agreement to acquire Emergent Metals

<p></p> <p>Lahontan Gold announced on September 17, 2026, its agreement to acquire Emergent Metals, a move poised to consolidate its ownership of the pivotal West Santa Fe project and significantly expand its land position within Nevada's highly prospective Walker Lane trend. This all-share transaction, valued at C$0.115 per Emergent share, will eliminate approximately C$2.39 million in future payments and a 1% net smelter return royalty, while adding the strategic New York Canyon project and other valuable assets to Lahontan's portfolio.</p> <p>

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Almonty and Sandvik’s WBH sign Spanish tungsten supply deal

Almonty Industries has secured a multi-year, take-or-pay offtake agreement with Sandvik Group subsidiary Wolfram Bergbau und Hütten (WBH) for tungsten concentrate from the reprocessing of tailings at its Los Santos Mine in western Spain. This strategic deal, involving a conditional $3 million payment from WBH, aims to restart operations at the mine, providing critical EU-origin tungsten feedstock ahead of new US defense procurement regulations taking effect in January 2027. The agreement highlights a growing industry focus on supply chain provenance and resource recovery through reprocessing.

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Coppercore signs lease for copper facility in Colombia

Coppercore has secured a ten-year lease, with an option to purchase, for a copper concentration facility in Colombia's Santa Marta industrial region. This strategic move, announced on September 18, 2026, positions the company for initial production of 1,000 tonnes of copper concentrate monthly, utilizing an innovative acid-free process for oxide ores. The facility is poised for significant phased expansion, targeting up to 300,000 tonnes of contained copper over the lease term at maximum scale, amidst a changing regulatory environment in Colombia that favors responsible mining and critical minerals development.

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Sudan mine collapse death toll hits 60 as rescue efforts continue

A tragic gold mine collapse in Sudan’s West Kordofan state has claimed the lives of at least 60 artisanal miners, with reports indicating more than 70 dead or missing. The incident at the al-Zara mine in the Fouja area highlights the severe safety deficiencies prevalent in Sudan's informal mining sector, where dangerous conditions and a lack of proper equipment continue to result in significant loss of life. Rescue efforts have been significantly hampered by unstable ground and the absence of specialized teams, drawing urgent attention to the systemic challenges facing one of Africa's leading gold-producing nations.

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Can hydrogen become platinum’s next big market?

The global shift towards battery-electric vehicles poses a significant structural challenge to platinum demand, historically reliant on autocatalysts. While the hydrogen economy presents a promising new market for platinum in proton-exchange membrane technologies, its nascent stage and inherent scaling challenges mean it faces an uphill battle to absorb projected declines in automotive demand. This complex interplay of declining traditional markets and emerging opportunities creates a nuanced outlook for platinum producers and investors.

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Unicorn Mineral Resources to acquire 75% stake in QGC Namibia

Unicorn Mineral Resources has strategically moved into potential near-term copper production by signing an agreement on September 16, 2026, to acquire a 75% stake in Q Global Copper Namibia (QGC Namibia). This acquisition grants Unicorn control over exclusive prospecting licenses EPL5851 and EPL7958, which span 6,536 hectares and encompass the historic Klein Aub Copper Mine, along with significant surface tailings and slimes. The transaction, valued at an initial $368,637 (R6 million), positions Unicorn in the highly prospective Kalahari Copperbelt with access to established infrastructure and immediate processing opportunities.

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Ethiopia’s Oromo Liberation Army warns mining operators after Tulu Kapi incident

The Oromo Liberation Army (OLA) has issued a stern warning to mining companies operating in Ethiopia’s Oromia region, demanding direct local community involvement and stringent environmental standards following a fatal incident at KEFI Gold and Copper’s Tulu Kapi project on September 4, 2026. This development has led KEFI to suspend its gold project, prompting a re-evaluation of security and community engagement protocols across the extractive sector in a politically sensitive region. The OLA’s demands underscore the critical importance of social license to operate and robust community relations for any mining endeavor in Ethiopia.

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Springer Tungsten Complex secures $150m–175m funding

Blue Moon Metals, The Elmet Group (TEG), and EQ Resources have committed $150 million to $175 million to revitalize the Springer Tungsten Complex in Imlay, Nevada, a strategic move to bolster the US tungsten supply chain. This substantial investment establishes a joint venture for the ammonium paratungstate (APT) plant, with Blue Moon retaining control of the mine and mill, and sets ambitious timelines for restarting operations by late 2027 and mid-2028. The initiative underscores a critical effort to secure domestic supply of a vital industrial metal.

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Almonty enters into tungsten partnership with Rwanda Government

Almonty Industries has finalized a significant partnership with the Government of Rwanda, establishing Almonty Rwanda, a new entity focused on tungsten collection and export. This strategic alliance sees Rwanda acquiring a 25% stake, contributing the Shyorongi exploration concession and a mineral processing license, while Almonty retains 75%. The initiative, spurred by US diplomatic efforts, aims to modernize Rwanda's tungsten supply chain, enhance traceability, and leverage existing small-scale mining output, setting the stage for broader critical minerals development in the region.

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US explores access to Venezuela’s mineral sector

The United States is actively exploring avenues to significantly increase its access to Venezuela’s mineral sector, including substantial deposits of gold, iron ore, bauxite, and nickel. This strategic move, which builds upon recent engagement in Venezuela’s oil industry, aims to facilitate new US investment in critical minerals and counter growing Chinese influence in Latin America. However, the sector faces considerable challenges, including outdated geological data, widespread illegal mining, and historical investor uncertainty.

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Orogen Royalties secures Serpent gold claims in central Nevada

Orogen Royalties announced on September 11, 2026, the acquisition of the Serpent gold project in central Nevada, a district-scale, low-sulphidation epithermal target spanning 18.8km&sup2; across 225 Bureau of Land Management claims. The project, established in collaboration with Altius Minerals, features an undrilled core Cobra structural corridor exhibiting surface gold values up to 0.95 grams per tonne, indicating significant potential within a highly prospective region. Orogen plans to make the project available for option or sale, aligning with its generative royalty business model.

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Mining’s digital transformation is raising the stakes for cybersecurity

<p></p> <p>The mining sector's accelerating digital transformation, marked by widespread adoption of connected systems, is significantly heightening its vulnerability to cyberattacks. A recent analyst comment from September 11, 2026, highlighted this critical challenge, noting that exposure now spans from remote mine sites to intricate global supply chains. This growing reliance on integrated operational and digital technologies underscores an urgent need for robust cybersecurity strategies across the industry to safeguard against escalating threats.</p> <p>

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Mako Mining signs mineral agreement for Guyana gold project

Mako Mining has finalized a crucial mineral agreement with the Cooperative Republic of Guyana and the Guyana Geology and Mines Commission for its Eagle Mountain Gold Project. This agreement establishes a comprehensive ten-year stability framework, covering legal, fiscal, and operational terms, significantly de-risking the advanced-stage open-pit development in west-central Guyana. The deal, which includes commitments to environmental stewardship and community development, is a vital step toward securing permitting and advancing the 5,050-hectare project towards potential production.

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St Barbara to divest New Simberi Gold Project stake for $295m

St Barbara has entered into a binding agreement to divest its remaining stake in the New Simberi Gold Project to Lingbao Gold Group for an estimated A$453 million in cash, coupled with the retention of key royalties. This strategic move, slated for completion in the March quarter of 2027, will significantly bolster St Barbara's cash reserves, allowing it to focus on its Nova Scotia gold projects and a debt-free future, while expanding Lingbao Gold's presence in the Pacific region.

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Galantas Gold divests final 20% Omagh stake to Ocean Partners UK

Galantas Gold, through its subsidiary Cavanacaw, has completed the sale of its remaining 20% indirect stake in the Omagh gold project in Northern Ireland to Ocean Partners UK for $5 million. This transaction, which settled approximately $3.26 million in existing debt to Ocean Partners and provided the remainder in cash, marks Galantas’ full divestment from the Omagh project. The move is central to Galantas’ strategic repositioning, allowing the company to concentrate its resources on advancing its gold and copper assets in Chile, including the Andacollo Gold Project and the Indiana Project.

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Total Graphite appoints Lycopodium for Montepuez project study update

Total Graphite has engaged Lycopodium Minerals Africa to update the feasibility work for its Montepuez Graphite Project in Mozambique. This crucial step aims to re-examine process design, evaluate alternative technologies, and conduct a detailed gap analysis, with initial results expected by November 2026. The project, holding 110.5 million tonnes of resources at 8.2% total graphitic carbon and permitted for up to 100,000 tonnes per annum production, is targeting a construction resumption in 2027, positioning it to become a significant contributor to the global supply of critical graphite.

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Energy Department Closes $1.9 Billion Loan to Restart Duane Arnold Nuclear Plant

The U.S. Department of Energy’s Office of Energy Dominance Financing has finalized a loan of up to $1.9 billion to NextEra Energy, earmarked for the restart of the Duane Arnold Energy Center in Linn County, Iowa. This significant investment aims to bring Iowa’s sole nuclear power plant back online, adding 615 megawatts of baseload power to the grid and signaling a strategic move to bolster America’s nuclear industrial base and energy security, which could profoundly impact the demand for critical mining commodities like uranium.

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A2Gold completes RC drilling at Taylor Project in Nevada

<p></p> <p>A2Gold Corp. has completed a significant reverse-circulation (RC) drilling program at its recently acquired Taylor Gold-Silver Project in White Pine County, Nevada, as part of its ambitious 2026 exploration campaign. Following this, the company is rapidly mobilizing its drill rig to the Eastside Project near Tonopah, Nevada, to commence a new RC drilling initiative focused on high-priority targets. These strategic maneuvers underscore A2Gold's aggressive approach to expanding its resource base and identifying high-grade mineralisation within Nevada's prolific mining landscape.</p> <p>

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EMIPA produces first gold-silver doré bar at Don Mario, Bolivia

Orvana Minerals' Bolivian subsidiary, Empresa Minera Paitití (EMIPA), has announced the successful production of its first gold-silver doré bar from the Don Mario site in Bolivia. This achievement marks a significant restart of operations at Don Mario, which had been suspended in Q1 FY20 due to reserve depletion, and now focuses on processing existing oxide stockpiles. The project also aims to expand copper cathode production and upgrade the gold-silver recovery circuit, signaling a strategic move towards optimized resource utilization and diversified output for Orvana Minerals.

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Platinum surplus masks persistent supply challenge for PGM miners

The platinum market is projected to experience a modest surplus of 265,000 ounces in 2026, marking a significant shift from the 1.44 million-ounce deficit recorded in 2025. However, this surplus is not indicative of an improved primary production capacity, as global mine supply is forecast to remain flat at 5.55 million ounces. Instead, the market balance is primarily driven by a substantial decline in investment demand and a temporary boost from recycling, underscoring persistent geological and economic challenges facing Platinum Group Metals (PGM) miners, particularly in South Africa.

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Weir to supply grinding technology for Zijin’s Akyem Gold Mine

Weir, a UK-based mining technology firm, has secured an order in Q3 2026 to supply two ENDURON high pressure grinding rolls (HPGRs) to Zijin Mining’s Akyem Gold Mine in Ghana. This strategic deployment is part of Zijin’s brownfield optimization efforts, aimed at debottlenecking the mine's comminution circuit which has faced challenges with increasingly competent ore using conventional grinding methods. The HPGR technology is expected to significantly enhance grinding efficiency, boost throughput, and improve gold recovery while reducing energy consumption and carbon emissions, demonstrating a growing industry trend towards sustainable and efficient mineral processing solutions.

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AI could improve in-situ recovery of critical minerals

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.

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Verdera Energy to sell Treeline Uranium Project to Americas Uranium

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.

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

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.

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Forrestania acquires Edna May Gold Project in $215m deal

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.

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Normet’s new centre in Finland to drive underground mining technology

Normet has officially inaugurated a new technology center in Pirkkala, Finland, signaling a significant investment in the future of underground mining. This facility is poised to become a hub for research, development, and testing of advanced technologies such as autonomy, robotics, software, and battery electric solutions, aiming to enhance safety, productivity, and sustainability across global mining operations. The move underscores Normet’s commitment to innovation and its strategic role in equipping the industry for deeper, more challenging extractions and the growing demand for critical minerals.

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NT1 and Plutonian II agree on $500m merger deal

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.

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Red Metal announces first ore shipping from Chilean project

Red Metal Resources has announced the early first ore shipments of copper sulphide from its Farellon Project in Chile, a significant milestone achieved approximately four months ahead of schedule. This development establishes a crucial non-dilutive revenue stream for the company through a strategic agreement with Minera KMT and ENAMI, bolstering financial stability while ongoing exploration continues to delineate further resources within the Carrizal property. The timely deliveries, amid strong copper markets, underscore effective project execution and position Red Metal for future growth in a key mining jurisdiction.

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