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Molybdenum Mining News

49 articles about molybdenum mining

Yukon Metals identifies copper-gold system at Viper prospect

Yukon Metals has announced the identification of a significant copper-gold-molybdenum porphyry-style hydrothermal system at its Viper Prospect within the AZ Project, located 36km south of Beaver Creek in Canada’s Yukon Territory. The 2026 exploration program, featuring three diamond drill holes totaling 1,948m, confirmed increasing mineralization with depth and revealed alteration assemblages characteristic of world-class porphyry deposits. This discovery marks a pivotal advancement for Yukon Metals, positioning the Viper Prospect as a strong target for future resource definition and development in a region known for its mineral potential.

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Estrella Resources secures approval for first Laleno Dome drilling

Estrella Resources has secured pivotal approval from Timor-Leste’s Autoridade Nacional dos Minerais (ANM) to commence its inaugural drilling campaign at the Laleno Dome. This significant step, announced on October 16, 2026, targets prospective porphyry-style copper-gold mineralization identified through extensive geophysical surveys and surface sampling. With site preparations already underway and drilling slated to begin early next week, this program marks a crucial phase for Estrella Resources in developing its Timor-Leste portfolio, potentially unveiling a new copper-gold discovery in the region.

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Blue Lagoon confirms first finalised gold output from Dome Mountain

Blue Lagoon Resources has confirmed its first finalized gold and silver concentrate production from the Dome Mountain Gold and Silver Mine in British Columbia, Canada. This marks a significant operational milestone, demonstrating the company's full production cycle, from underground mining through milling, concentrate sales, and receipt of provisional payments totaling approximately $11.6 million (C$16.5 million). The initial output yielded 992 ounces of gold and 4,181 ounces of silver from 341.6 dry tonnes of concentrate, with subsequent processing batches showing improved mill-feed grades and high gold recovery rates.

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Atomionics survey matches Indian iron ore estimate using quantum tech

Atomionics, a quantum sensing company, has achieved a significant milestone in mining exploration by matching an existing iron ore resource estimate at an active Indian mine using its quantum gravimeter technology, GRAVIO, combined with a machine learning tool, ORE-O. This breakthrough demonstrated the ability to accurately delineate a deposit within 5% of a figure established by over 30,000 meters of conventional drilling, all within three weeks and without interrupting operations, promising substantial cost and time savings for the global mining industry.

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Systemiq and ERM report assesses future impacts of mining to 2050

<p></p> <p>A recent report by Systemiq and ERM, titled "Future Prospects," developed in partnership with the International Council on Mining and Metals (ICMM) and funded by the Gordon and Betty Moore Foundation, highlights the unavoidable reality that global mining output for critical minerals will need to significantly increase by 2050 across all modeled scenarios. Released on October 15, 2026, the study underscores that despite advancements in material efficiency and recycling, the demand for primary mined materials like copper and lithium will surge, placing immense pressure on environmental resources and necessitating strategic shifts in industry practices and governance to mitigate adverse impacts.</p> <p>

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Tali Resources plans 9,000m drill programme at Don Juan prospect

Tali Resources is set to commence an extensive 9,000-meter aircore drilling program in central Australia, targeting critical mineral potential within the 45-kilometer Don Juan-Alakol alkaline ultramafic intrusive system and the Central Australian Suture. The initiative, scheduled to begin in October, aims to evaluate a total of twelve high-priority geophysical and geological anomalies, with a significant focus on carbonatite-associated mineralization, particularly rare earth elements, niobium, and phosphorus, which are vital for modern technology and green energy transitions.

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SSR Mining to acquire Roxmore Resources in $464m all-cash deal

<p></p> <p>SSR Mining has announced its intent to acquire Roxmore Resources in an all-cash deal valued at approximately $464 million, securing control of the significant Converse gold project in Nevada. This strategic acquisition, positioned near SSR Mining’s existing Marigold operation on the prolific Battle Mountain-Eureka Trend, is projected to substantially boost the company's long-term gold production in the U.S. and leverage existing infrastructure for future development.</p> <p>

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Aurania concludes drilling at Thormódsdalur gold-silver site

Aurania Resources has concluded its 2026 drilling campaign at the Thormódsdalur epithermal gold-silver project in Iceland, completing eight diamond drill-holes totaling 780.70m. This campaign significantly improved core recovery to near 100% compared to previous efforts, crucial for accurate resource definition. The program, a joint venture with St-Georges Eco-Mining and its subsidiary Iceland Resources, focused on twinning historic drill sites and revealed strong geological indicators of a robust epithermal system, with assay results anticipated in November 2026.

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First Au signs binding deal to buy Ida Valley gold project

First Au has announced a binding agreement to acquire the Ida Valley Project, comprising two gold exploration tenements in Western Australia's prolific Eastern Goldfields region, from TechGen Metals. The strategic acquisition, valued at A$200,000 in cash and shares, includes a substantial historical drilling database, which First Au plans to leverage for the rapid establishment of a maiden JORC-compliant mineral resource. This move is a key step in First Au's ongoing strategy to consolidate and expand its project portfolio within the highly prospective Ida Fault district.

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Neotech Metals appoints DRA for Hecla-Kilmer resource estimate

Neotech Metals has engaged DRA Global to conduct a National Instrument 43-101-compliant Mineral Resource Estimate (MRE) and a Preliminary Economic Assessment (PEA) for its Hecla-Kilmer Rare Earth project in Ontario, Canada. This strategic move aims to transform the unique apatite-hosted project from an exploration story into a defined economic prospect, leveraging data from recent drilling campaigns and historical records, and addressing critical processing challenges in the Western rare earth supply chain. The project is notable as North America's only apatite-hosted rare earth development and is evaluating multiple co-products to enhance its economic viability.

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Discovery to acquire McEwen’s Timmins mineral assets for $55m

Discovery Mining is set to acquire significant mineral properties in the prolific Timmins region from McEwen subsidiaries for $55 million, comprising $50 million in common shares and $5 million in cash. This strategic acquisition, adjacent to Discovery's prominent Dome Mine, is poised to bolster the company's ambitious plans for increased gold production by providing essential land for future processing and tailings infrastructure. The deal, anticipated to close in October 2026, also includes an amendment to an existing royalty agreement with Franco-Nevada, further solidifying Discovery's operational and financial strategy in one of Canada's premier gold camps.

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The race for AI is becoming a race for critical minerals

The escalating global pursuit of Artificial Intelligence (AI) dominance has ignited a critical new front: the intense competition for essential raw materials, particularly rare earth elements and specialized processing capacity. Ryan Cunningham, CEO of American Mineral Resources, highlights this shift, emphasizing that robust AI infrastructure hinges on secure access to these minerals, making supply chain diversification and international collaborations paramount to reduce reliance on single-source suppliers like China. This evolving landscape presents significant strategic and operational implications for the mining sector worldwide.

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Energy Department Authorizes Strategic Petroleum Reserve Exchange to Address Supply Disruptions Due to Hurricane

The U.S. Department of Energy (DOE) has authorized an emergency exchange of up to 4 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to mitigate supply disruptions caused by inclement weather in the Gulf of America. This proactive measure, involving ExxonMobil and BP America, aims to stabilize refinery operations and fuel supplies, with participating companies committed to returning additional premium barrels to the SPR in 2027, ensuring no cost to taxpayers and strengthening national energy security. This move underscores the critical role of strategic reserves in maintaining stable energy markets, which is vital for the operational stability and cost predictability required by the heavy fuel-dependent mining industry.

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Traxys and Abenójar sign El Moto tungsten offtake deal

Traxys Europe and Abenójar Tungsten S.A. have formalized an exclusive, long-term offtake agreement for tungsten concentrate from Spain's El Moto project. This significant deal, announced on October 8, 2026, secures a vital supply of critical raw materials for global industries for at least ten years post-production commencement, directly addressing increasing concerns over global tungsten supply chain resilience, particularly given China's dominant market share and intensifying export controls. The El Moto project, designated as "strategic" under the EU Critical Raw Materials Act, is set to begin production in Q1 2029, with a forecast of over 4,000 tonnes per annum of contained tungsten trioxide.

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Iron ore bucks Hormuz disruption as supply disputes shift to China

The global iron ore market, while experiencing regional disruptions due to tensions in the Strait of Hormuz, is demonstrating resilience, largely unaffected in its major supply routes. Concurrently, China's evolving procurement strategy is fundamentally reshaping its long-standing commercial relationships with major Australian iron ore suppliers, signalling a significant shift in global commodity trade dynamics and necessitating strategic adjustments across the industry.

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Energy Department Supports FERC’s Call for PJM to Protect Ratepayers and Build More Reliable Power

The U.S. Department of Energy (DOE) announced its strong support for new guidance from the Federal Energy Regulatory Commission (FERC) aimed at PJM Interconnection LLC, which would mandate large new electricity users pay for the generation and infrastructure required to serve their demand. This move, consistent with President Trump’s Ratepayer Protection Pledge and following a January 2026 call to action, seeks to lower electricity costs for existing customers across the PJM region by preventing them from subsidizing new, energy-intensive loads. For the mining industry, this signifies a critical shift in energy cost allocation, potentially impacting the financial viability and strategic planning of new, large-scale projects within the mid-Atlantic states served by PJM.

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EC names 46 projects to strengthen critical raw material supply

The European Commission has selected 46 strategic projects across 16 Member States, a crucial move to enhance the European Union's critical raw material supply chain. These initiatives, spanning extraction, processing, and recycling, directly support the ambitious targets set by the Critical Raw Materials Act (CRMA) for 2030, aiming to reduce external dependencies for vital materials such as lithium, rare earth elements, and cobalt. This development underscores the EU's commitment to securing resources essential for its battery, defense, and advanced manufacturing sectors, signaling significant opportunities for mining investors and operators within the bloc.

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CleanTech Lithium signs agreements for Antofalla properties in Argentina

CleanTech Lithium has strategically expanded its footprint in Argentina's prolific Salar de Antofalla, securing option agreements for the Genoveva and Sal de Litio 1 properties in Catamarca Province. This move, adjacent to an Albemarle exploration project, reinforces the company's district-scale ambitions and positions it for future resource growth, with a drill program and maiden resource estimate planned for 2027. The acquisition underscores Argentina's growing importance in the global lithium supply chain amidst robust demand from electric vehicle and renewable energy sectors.

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Kenorland, Auranova launch phase four drilling at South Uchi Project

Kenorland Minerals and Auranova Resources have initiated a significant 5,000-meter Phase Four diamond drilling program at their South Uchi Project within Ontario’s prolific Red Lake District. This autumn 2026 campaign targets the North Papa trend in the Papaonga area, building upon earlier broad gold intercepts and exploring new anomalies identified by a recent induced polarisation survey. The project, operated by Kenorland, highlights a strategic partnership where Auranova holds a 51% interest, underscoring continued investment in a highly prospective Canadian gold region.

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Energy Department Announces $4.2 Billion Investment to Boost Nuclear Power and Help Lower Energy Costs in Pennsylvania and Ohio

The U.S. Department of Energy (DOE) has announced a significant conditional loan commitment of up to $4.2 billion to Vistra for nuclear uprates and modernization across its facilities in Pennsylvania and Ohio. This investment, aimed at bolstering grid reliability, lowering energy costs, and meeting rising demand within the 13-state PJM Interconnection region, will preserve nearly 4 gigawatts of baseload power and add 433 megawatts of new nuclear capacity, supporting thousands of jobs and extending reactor lifespans for two decades. The move underscores a national strategy to reinvigorate American nuclear leadership and carries substantial implications for the mining sector, particularly for uranium demand and the supply chains of critical minerals.

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District Metals begins diamond drilling at Sweden’s Viken Property

District Metals has initiated diamond drilling at its Viken Property in central Sweden, focusing on two largely untested target areas, A and B, which exhibit strong conductive anomalies identified by a 2025 MobileMT survey. This drilling campaign, part of the company's 2026 exploration program, aims to further define what is considered the world's largest undeveloped uranium resource, alongside significant quantities of critical base and energy metals. The effort underscores Sweden's growing role in securing vital raw materials for the global energy transition.

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Belmont launches gravity survey at Crackingstone uranium site

Belmont Resources has initiated a high-resolution ground gravity survey at its wholly owned Crackingstone Uranium Project near Uranium City, Saskatchewan, Canada. This intensive survey, involving 2,500 stations spaced 50 meters apart, aims to detect subsurface density variations indicative of potential uranium mineralization. The collected data will be integrated with multiple existing geological and geophysical datasets to refine and prioritize drill targets for a planned 2,000-meter diamond drilling campaign, signaling a significant advancement in the project's exploration lifecycle.

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Protecting mining’s hydraulic backbone to keep operations moving

Hydraulic cylinders are the indispensable backbone of virtually all mining machinery, driving operations both underground and on the surface. A recent industry focus, highlighted around October 6, 2026, underscores the critical importance of protecting these vital components from environmental contamination to prevent costly unplanned downtime, production disruptions, and potential safety risks. Implementing innovative protection solutions is key to extending equipment lifespan, maintaining performance, and bolstering overall operational efficiency in the challenging mining environment.

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EBRD provides up to $62m for greener Bulgarian copper mining

The European Bank for Reconstruction and Development (EBRD) has committed up to $61.6 million (€55 million) in financing to Asarel Medet, a Bulgarian copper producer, to modernize and decarbonize its open-pit copper mine in Panagyurishte. This strategic investment, announced on October 6, 2026, aims to boost operational efficiency, reduce greenhouse gas emissions, and enhance corporate governance, aligning with Bulgaria's transition to a greener economy and Europe's critical raw material needs.

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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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