Latest Strategy Changes News

NexGen Energy is moving its Rook I uranium project from development into major construction, but the transition consumed C$235.4 million in cash during the first nine months of 2026. The company reported a C$103.8 million net loss and says further financing will be needed to complete the project.

Auric Mining has agreed to acquire the Iron Maiden Gold Project near Norseman for A$1 million upfront, while taking on project loans, deferred consideration and potential milestone payments. The shallow historical resource offers a new feed option for Burbanks, but it is not yet JORC 2012 compliant and the acquisition remains conditional.

Arrow Minerals has taken an option over the 62.5 million tonne Pannawonica Iron Ore Project in Western Australia, giving it a possible route into production near established Pilbara infrastructure. The project is not yet acquired, and Arrow must raise at least $5 million before it can exercise the option.

Macarthur Minerals has secured an initial $600,000 advance under a six-month loan facility as it prepares for proposed bulk sampling at Lake Giles. The funding avoids an immediate equity raising, but carries 14% interest, security over the company and five million options.

Evolution Mining has completed its acquisition of Carnaby Resources through a court-approved scheme, issuing new Evolution shares to eligible Carnaby investors. Carnaby is expected to disappear from the ASX after trading closes on 11 November.

Metgasco has launched a deeply discounted 5-for-1 entitlement offer that could raise up to $2.02 million, although as much as half of the partially underwritten component may reduce debt rather than provide cash. The structure also leaves Glennon Small Companies with a potentially dominant position if shareholder participation is weak.

HyTerra will abandon its 16.03% earn-in interest in Nebraska, crystallising an expected A$7.5 million non-cash impairment while avoiding US$17.33 million in remaining funding commitments. The company is redirecting technical work and capital towards its wholly owned Kansas Rift Play, with drilling deferred until target-ranking work is complete.

Iceni Gold has begun a 50-hole reverse circulation drilling program at Everleigh, testing four targets along a 5km Bellbird Dolerite corridor. Gold Fields is funding the campaign under its A$10 million farm-in, with initial assays expected between December and January.

DGL Group has acknowledged a $40.2 million statutory loss for FY26, as higher input costs, weak battery supply and underused facilities eroded margins. Management says earnings improved materially in the first quarter of FY27, but has provided no figures to show how much of the recovery is sustainable.

Unico Silver says its maiden pre-feasibility study for the Joaquin and Cerro Leon silver-gold projects remains on track for January 2027, backed by high-grade infill results and A$100.2 million in cash. Exploration has also outlined 55 surface targets, although the project’s economic case, Ore Reserve and funding strategy remain pending.

Lux Copper has added 326 state mining claims covering 210 square kilometres at its Baird Copper Project in Alaska, taking the landholding to 236 square kilometres. The expansion arrives as the company prepares to release maiden drilling assays expected by late November.

Reach Resources says final grade control assays have confirmed gold where its Murchison South model predicted, with several zones returning higher grades and wider intervals. The completed dataset now moves into mine scheduling ahead of proposed first ore production, although mining remains subject to further modelling and approvals.