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Rare Earth Mining News

46 articles about rare earth mining

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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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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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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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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U.S. Department of Energy Awards $96 Million to 67 Early Career Scientists

The U.S. Department of Energy announced on October 8, 2026, the allocation of $96 million through its 2026 Early Career Research Program to 67 early career scientists. This significant investment targets critical fields such as Super Intelligence, fusion energy, and quantum science, aiming to solidify America's scientific and technological leadership. While not directly focused on extraction, these foundational technologies hold profound implications for the efficiency, sustainability, and resource demands of the global mining industry.

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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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Hertha Metals begins construction on US iron plant

Hertha Metals has commenced construction on its Hertha Chalyx plant in Conroe, Texas, marking a significant step towards re-establishing domestic high-purity iron production for the critical US rare earth magnet manufacturing sector. This facility, projected to produce 10,000 tonnes per annum of magnet-grade and steel-grade high-purity iron by early 2028, aims to mitigate a pronounced reliance on foreign supply, primarily from China, for essential industrial and defense applications. The project leverages Hertha’s innovative single-step iron production process, which promises lower costs and reduced emissions, utilizing domestically sourced iron ore and natural gas.

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Elevra Lithium to supply spodumene to LG Energy Solution

Elevra Lithium has forged a binding agreement with LG Energy Solution to supply 240,000 dry metric tonnes of spodumene concentrate from its North American Lithium (NAL) facility in Québec, Canada, over a three-year period beginning in 2026. This strategic deal, which includes an optional additional 90,000 dmt, aims to diversify Elevra's sales portfolio and secure a significant portion of NAL's output, utilizing a market-linked pricing mechanism reflective of lithium content. The agreement underscores the increasing importance of robust, geographically diversified supply chains for critical battery materials, reinforcing North America's role in the global energy transition.

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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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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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PMET and Matagami sign LoI for spodumene rail trans-shipment

PMET Resources and the City of Matagami, Québec, have signed a Letter of Intent (LoI) on October 5, 2026, to establish a critical spodumene concentrate trans-shipment facility. This agreement is a pivotal step for PMET's wholly-owned Shaakichiuwaanaan Project, outlining a logistics plan that involves trucking concentrate to Matagami for onward rail transport to port, significantly advancing the project's infrastructure development and de-risking its path towards a final investment decision. The collaboration underscores Québec's growing importance in the North American critical minerals supply chain, particularly for electric vehicle battery components.

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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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NSW approves HVO coal mine continuation with conditions

<p><br /> New South Wales' Independent Planning Commission has approved the continuation of Hunter Valley Operations' (HVO) North and South open-cut coal mines, extending their operational lives to 2045 and 2042, respectively. The approval is contingent upon strict conditions aimed at mitigating greenhouse gas emissions, including requirements for Scope 3 management, renewable energy integration, and limiting exports to countries with Paris Agreement-consistent reduction policies. This decision, following extensive public consultation and regulatory review, highlights the complex balance between economic benefits and environmental stewardship in Australia's vital mining sector.</p> <p>

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Bell Bay Aluminium to continue operations until 2031

Rio Tinto's Bell Bay Aluminium smelter in northern Tasmania has secured its operational future until at least December 31, 2031, through a landmark agreement with the Australian and Tasmanian governments. This extension, supported by ongoing energy provision from Hydro Tasmania and additional government assistance, aims to bolster the smelter's competitiveness and preserve 550 direct jobs. The agreement arrives as Rio Tinto navigates complex environmental and social challenges, highlighted by a significant legal claim against its QIT Madagascar Minerals operation.

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Riversgold submits mine plan for Kalgoorlie gold project in Australia

Riversgold Limited has submitted its Mine Development and Closure Proposal (MDCP) for the Northern Zone open pit at its Kalgoorlie gold project in Western Australia, marking a significant step towards commencing mining operations. This crucial regulatory submission, prepared in collaboration with MEGA Resources and Resources WA, outlines the project's operational and environmental plans, following the grant of its 21-year mining lease and the resolution of haul road access objections. The project's development funding is fully underwritten by MEGA Resources through a 50/50 cooperation agreement, extended to September 2027, significantly de-risking the venture for Riversgold.

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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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Lynas agrees to buy Meteoric Resources in $674m all-share deal

Lynas Rare Earths has agreed to acquire Meteoric Resources in an all-share deal valued at approximately $674 million, gaining access to the significant Caldeira ionic clay rare earth project in Brazil. This strategic acquisition is set to bolster Lynas's resource base, diversify its operations outside Australia, and strengthen its position in the global supply chain for critical rare earth elements, including neodymium-praseodymium and dysprosium-terbium oxides, vital for high-tech industries. The deal underscores the industry's drive to secure stable, non-Chinese sources of these essential materials.

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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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Fortescue produces first hot metal at Christmas Creek project

<p></p> <p>Fortescue Metals has achieved a significant milestone by producing its first hot metal at the Christmas Creek Green Metal Project in Western Australia, marking a crucial step towards low-emission iron production. Utilizing an electric direct reduced iron (DRI) smelting furnace supplied by Metso, the project aims to evaluate advanced technologies for processing local iron ore fines with significantly reduced carbon emissions. This development signals Australia's strategic pivot from being solely an iron ore exporter to a future producer of high-value, green metal, with substantial implications for the global steel industry's decarbonization efforts.</p> <p>

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Barrick signs new agreement with unions at Mali gold complex

Barrick Mining has successfully negotiated a collective bargaining agreement with unions at its pivotal Loulo-Gounkoto gold complex in western Mali, averting significant industrial action. This landmark agreement not only resolves demands from mine workers but also led to the withdrawal of separate strike notices from a Barrick contractor and Malian mining administration agencies, signaling a crucial step towards labor stability in a key African gold-producing nation. The resolution underscores Barrick's commitment to navigating complex operational environments and maintaining consistent production from one of its core assets.

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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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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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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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Elmet to buy 4.99% interest in Masan High-Tech Materials for $2.5bn

The Elmet Group, a leading US-based supplier of tungsten alloys, has announced a significant strategic investment to acquire a 4.99% equity stake in Vietnam’s Masan High-Tech Materials for an implied valuation of $2.5 billion. This transaction, expected to close in early October 2026, is complemented by multi-year agreements that commit Masan High-Tech Materials to supply 1,250 tonnes per annum of tungsten trioxide-equivalent products to the US market for eight years, valued at an estimated $1.5 billion in gross revenue. This alliance is poised to strengthen American critical material supply chain security and industrial resilience, leveraging Masan's integrated mining and refining capabilities.

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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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Bridge Green, Hartree sign eight-year lithium agreement

<p><strong></strong></p> <p>Bridge Green Upcycle and Hartree Partners have cemented an eight-year commercial agreement for the exclusive marketing of approximately 10,000 tonnes per annum of lithium carbonate derived from recycled batteries. Valued between $500 million and $1 billion, this landmark deal, effective September 22, 2026, includes an equity investment by Hartree in Bridge Green, signaling a significant push towards bolstering domestic US critical mineral supply chains and advancing the circular economy within the mining sector.</p> <p><strong>

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First Canadian Graphite completes Lac Guéret South phase two survey

First Canadian Graphite has announced significant findings from its recently completed phase two airborne survey at the Lac Guéret South Graphite Project in Québec, Canada. The survey revealed multi-kilometre conductive trends extending well beyond previously identified mineralization, indicating a potentially much larger, district-scale graphite system. This development, highlighted by high-grade graphite samples and promising structural interpretations, positions the project as a key prospect in the evolving North American critical minerals landscape.

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Capstone Copper to sell Cozamin mine for up to $385m

Capstone Copper has announced a definitive agreement to sell its Cozamin copper-silver-zinc-lead mine in Zacatecas, Mexico, to Luca Mining for up to $385 million. This strategic divestiture, expected to close in Q4 2026, will significantly bolster Capstone's balance sheet and enhance financial flexibility, empowering the company to advance its extensive growth pipeline, including projects like Mantoverde Optimised in Chile. The transaction underscores a growing trend of portfolio optimization within the global mining sector, allowing producers to streamline operations and focus capital on core assets with higher growth potential.

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Artemis Gold to acquire Vista Gold for $427m

Artemis Gold has announced a definitive agreement to acquire Vista Gold in an all-share transaction valued at approximately $427 million, granting Artemis ownership of the feasibility-stage Mt Todd gold project in Australia’s Northern Territory. This strategic acquisition, expected to close in January 2027, is poised to significantly bolster Artemis Gold’s resource pipeline, aligning with its ambitious goal of achieving one million ounces of gold production per year, complementing its ongoing Blackwater development in Canada.

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Tertiary Minerals reports high-grade mineralisation at Mushima North

Tertiary Minerals has reported significant high-grade silver-copper-zinc mineralization at its Mushima North Project in Zambia, stemming from its Phase 4 reverse circulation drill program. Results from 29 of 39 holes delineate a substantial 400m by 150m high-grade zone at Target A1's Discovery Zone, which remains open along strike and at depth. This development, supported by a technical cooperation agreement with First Quantum Minerals, paves the way for a mineral resource estimate by year-end, signaling potential for a significant new polymetallic deposit in a key African mining jurisdiction.

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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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Empress Royalty signs $62m Tongon gold stream deal

Empress Royalty, through its subsidiary Empress Holdings, has executed a significant gold stream purchase agreement for an interest in the Tongon Gold Mine in Côte d’Ivoire, involving an upfront cash payment of $62 million. This strategic acquisition is set to substantially boost Empress Royalty's gold ounces, revenue, and cash flow, leveraging a robust credit facility to secure a stake in a proven producer with over 3 million ounces of historical output. The complex, multi-tiered streaming deal, announced on September 18, 2026, positions Empress for long-term growth and enhanced value creation within the global mining investment landscape.

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KCM awards $498m copper recovery plant contract to China’s NERIN

Konkola Copper Mines (KCM), a subsidiary of Vedanta, has awarded China's NERIN Engineering a substantial $498 million contract for the construction of a new copper recovery plant at its Chingola operations in Zambia. This strategic facility, designed to process existing mine tailings, is anticipated to boost KCM's copper output by 70,000 tonnes per annum, serving as a critical component of its ambitious strategy to reach 300,000 tpa by 2031, in alignment with Zambia's national production targets. The agreement, though awaiting final conditions, underscores KCM's diversified growth approach amid ongoing financing considerations.

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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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Chancery Royalty agrees $20m royalty financing to Fulcrum Metals

Chancery Royalty has agreed to a non-binding term sheet to provide $20 million in royalty financing to Fulcrum Metals, alongside a £200,000 strategic equity investment. This pivotal agreement centers on a 5% net smelter return royalty on gold production from Fulcrum’s Teck-Hughes project in Kirkland Lake, Ontario, and is contingent on the successful pilot-scale testing of an innovative cyanide-free gold recovery process from historic mine tailings. The deal underscores a growing industry focus on sustainable mining practices and the strategic value of reprocessing mine waste.

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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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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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