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Rare Earth Mining News

19 articles about rare earth mining

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 Approves Export Expansion at Corpus Christi LNG

The U.S. Department of Energy, under Secretary Chris Wright, has authorized a significant 12% expansion of liquefied natural gas (LNG) exports from Cheniere Energy's Corpus Christi terminal, adding 0.47 billion cubic feet per day (Bcf/d) dedicated to non-Free Trade Agreement countries. This approval, announced February 26, 2026, elevates Corpus Christi to the nation's second-largest LNG export project with a total capacity of 4.45 Bcf/d, further solidifying the United States' position as the world's leading LNG exporter and creating substantial demand for mining sector products.

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Atlas Salt, Sandvik expand collaboration for salt project in Canada

Atlas Salt has expanded its agreement with Sandvik Mining to supply equipment, technology, and services for the Great Atlantic Salt Project in Newfoundland and Labrador, Canada. The updated collaboration, now valued at approximately $132 million, addresses all construction and ramp-up requirements as outlined in the latest feasibility study, including vendor-backed financing options.

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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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MinRes, POSCO sign binding deal for lithium partnership

Mineral Resources (MinRes) and POSCO Holdings have finalized a binding agreement for a lithium joint venture, with POSCO acquiring a 30% stake in MinRes’ operational lithium business. The deal covers significant interests in the Wodgina and Mt Marion lithium mines and is valued at approximately $3.9 billion, supporting both companies' positions in the global lithium supply chain.

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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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