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Molybdenum Mining News

22 articles about molybdenum mining

Secretary Wright Arrives in Caracas to Further President Trump's Historic Energy Deal

U.S. Secretary of Energy Chris Wright arrived in Caracas on February 11, 2026, marking a pivotal moment for "President Trump’s historic U.S.-Venezuela Energy Deal." This high-level visit involves engagements with interim Venezuelan leadership, including interim President Delcy Rodriguez, local business leaders, and on-site assessments of the nation's oil fields, all aimed at restoring prosperity, safety, and security for Venezuela, the United States, and the broader Western Hemisphere. The initiative holds significant implications for global energy markets, geopolitical stability, and the interconnected mining industry, influencing everything from energy costs to regional investment climates.

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Eureka Lithium acquires Cabin Lake and Tyee Projects in Canada

Eureka Lithium has significantly diversified its asset base by acquiring 100% stakes in the polymetallic Cabin Lake Project in British Columbia and the titanium-vanadium Tyee Project in Quebec. This strategic move, completed through the purchase of Stairway Mining for 9.1 million common shares and potential C$1 million in milestone payments, expands Eureka's exposure beyond lithium into critical minerals essential for defense, electrification, and advanced manufacturing within mining-friendly Canadian jurisdictions. The acquisition signals Eureka's intent to grow into a multi-commodity exploration company, leveraging the geological potential and existing infrastructure of these promising Canadian assets.

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Energy Department Announces $175 Million to Modernize Coal Plants, Keeping Affordable Reliable Power Online for Americans

The U.S. Department of Energy (DOE) has allocated $175 million across six projects aimed at modernizing and extending the operational life of coal-fired power plants serving rural and remote U.S. communities. This initiative, part of a broader $525 million effort, seeks to enhance grid reliability, secure affordable electricity, and preserve high-wage energy jobs, particularly in Appalachia, marking a significant policy shift to reinvigorate the domestic coal industry.

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Energy Secretary Keeps Critical Generation Online in Mid-Atlantic

The U.S. Department of Energy (DOE) has again intervened to prevent the shutdown of crucial natural gas and oil-fired generation units at the Eddystone Generating Station in Pennsylvania, issuing an emergency order on February 23, 2026. This directive, targeting Units 3 and 4, mandates PJM Interconnection and Constellation Energy Corporation to keep the units online from February 24, 2026, to May 24, 2026, citing persistent critical grid reliability concerns in the Mid-Atlantic region. The move underscores growing challenges in maintaining stable power supply amidst an evolving energy landscape, with significant implications for energy-intensive industries like mining.

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Energy Department Announces Largest Loan in Department History, Delivering Over $7 Billion in Electricity Cost Savings for Georgia and Alabama Customers

The U.S. Department of Energy (DOE) has announced a landmark $26.5 billion loan package, the largest in its history, to subsidiaries of Southern Company. This financing aims to add or upgrade over 16 gigawatts of firm, reliable power across Georgia and Alabama, delivering an estimated $7 billion in electricity cost savings for millions of customers. The monumental investment underscores a national priority for grid reliability and energy security, significantly impacting demand for essential mined commodities across the energy supply chain.

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Angola eyes 20%-30% interest in De Beers

Angola is negotiating to acquire a 20%-30% minority stake in De Beers, with its state-owned companies Endiama and Sodiam managing the process. The move comes as Anglo American seeks to divest De Beers amid changing diamond market dynamics, and reflects Angola’s intent to strengthen its position in the global diamond sector.

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Questcorp initiates IP survey at BC’s North Island Project

Questcorp Mining has initiated a critical induced polarisation (IP) survey at its 1,168-hectare North Island Copper Project in British Columbia, Canada. This 10-15 line-kilometre survey, conducted by Peter E. Walcott & Associates, aims to verify and enhance historical geophysical targets within the Marisa Zone porphyry copper system, building on prior exploration that revealed copper mineralization in 1992. The programme is a key precursor to refining geological models and developing precise drill targets, positioning Questcorp to advance a compelling porphyry copper prospect supported by recent institutional financing from Sorbie Bornholm.

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Basin Energy to sell Marshall Uranium Project to GCC

Basin Energy has executed a definitive mineral rights sale and purchase agreement (SPA) to fully transfer its Marshall Uranium Project in Saskatchewan, Canada, to Green Canada Corporation (GCC), a subsidiary of PTX Metals. The transaction, valued at C$600,000 in cash and C$300,000 in shares over specified periods, is contingent upon GCC's reverse takeover of Maackk Capital, a C$2.5 million financing, and a public listing. This strategic move allows Basin Energy to unlock value from the project while retaining significant upside potential through equity interest, a buyback option, and exploration commitments from GCC.

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Atacama Resources announces acquisition of Atacama 3 site

Atacama Resources has announced the strategic acquisition of a full stake in the Atacama 3 mineral property, located approximately 16km south of Kirkland Lake, Ontario, within the highly prospective Abitibi Greenstone Belt. This 255-hectare site, comprising 13 contiguous mining claims, is situated just 2.5 miles from Agnico Eagle Mines' operating Macassa Mine, signaling a targeted move into a region renowned for significant gold production. Leveraging historical drilling data from 2006-2007, Atacama Resources has outlined a robust 2026 exploration program, including geophysical studies and further drilling, as it seeks to delineate economic mineralization in this structurally active corridor.

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Larvotto achieves 90% tungsten recovery at Hillgrove project

Larvotto Resources has reported a 90% tungsten recovery rate from metallurgical test-work at its Hillgrove project in New South Wales, Australia. This operational development supports the addition of tungsten concentrate as a byproduct to the existing antimony and gold production, with minimal capital investment and low operating costs.

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Marubeni invests in Australian critical minerals project with RZ Resources

Marubeni has invested A$15 million for up to a 5% equity stake in RZ Resources’ mineral sands project in Australia, targeting the production of critical minerals including rutile, ilmenite, zircon, and monazite. The partnership encompasses mine development, plant upgrades, and improvements to feasibility and environmental documentation, with support from JX Advanced Metals and potential financing from US and Australian export credit agencies.

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China suspends ban on gallium, germanium, antimony exports to US

China has suspended its ban on exports of gallium, germanium, and antimony to the US, though export controls and licensing requirements remain in place. This regulatory adjustment restores partial US access to key minerals critical for semiconductor and defense industries, with the suspension scheduled to last until November 27, 2026.

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PYBAR to support Hillgrove antimony-gold project in NSW

Larvotto Resources has appointed PYBAR Mining Services as the underground development contractor for the Hillgrove antimony-gold project in New South Wales, Australia. The project is expected to supply up to 7% of global antimony demand and is fully funded for development, with operations scheduled to commence in Q4 2025.

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