Latest Critical Minerals Exploration News

Connected Minerals has made Angola’s Bailundo niobium and rare earths project its flagship after writing off A$3.40 million in Namibian and Western Australian exploration assets. The pivot is now backed by a completed A$4.5 million placement and a planned 6,000-metre drilling campaign, but Bailundo remains an exploration-stage project without a declared resource.

Enova Mining has increased its unbrokered placement to $2 million after securing an additional $500,000 in binding commitments. The expanded raising will fund exploration and project work, but most of the 2 billion new shares still requires shareholder approval.

Kali Metals has secured up to $700,000 in exploration funding from Japan’s JX Advanced Metals for its 1,413 square kilometre Southern Lachlan project. The agreement creates a pathway to a potential farm-in or joint venture, but no formal deal has yet been agreed.

Gold Mountain has identified clustered niobium, magnet rare earth and phosphate anomalies across four Araxá prospects after expanding its stream sediment dataset to 515 samples. The results sharpen exploration targets, but the project remains well short of drilling, resource definition or economic assessment.

Central Asia Metals shareholders have greenlit the allotment of new shares to fund their acquisition of Cygnus Metals, marking a pivotal step in the takeover process. Bell Potter joins Morgans to help Cygnus shareholders navigate CREST accounts for trading post-scheme.

Cygnus Metals receives conditional TSX listing approval for Central Asia Metals shares amid unchanged positive expert opinion on the acquisition scheme.

Heavy Rare Earths Limited (ASX:HRE) has opened a non-renounceable entitlement offer to raise approximately $728,000, offering shareholders new shares at 2.8 cents each plus free options exercisable at 6 cents.

Diablo Resources has completed earthworks at its Star Range Project in Utah, setting the stage for a maiden diamond drilling program targeting high-grade silver and polymetallic mineralisation. Concurrently, the company is progressing its acquisition and exploration activities at the historic Horn Silver Project, with drilling plans advancing.

QEM Limited has finalized its acquisition of Idaho-based Big It and Columbite projects, gaining footholds in seven critical minerals including tungsten and niobium, aiming to mitigate US supply chain risks.

Heavy Rare Earths Limited has updated key dates for its non-renounceable entitlement offer aimed at raising $728,119 before costs, adjusting the ex-date and record date among other milestones.

PMET Resources posted a CAD 2.1 million net loss for Q1 2026, bolstered by strategic partnerships and a strong cash position as it pushes forward with its flagship Shaakichiuwaanaan lithium project.

Cygnus Metals has cleared a key legal hurdle with the WA Supreme Court approving a shareholder meeting to vote on Central Asia Metals' acquisition proposal. The Scheme Booklet, including an Independent Expert’s Report, will be dispatched next week ahead of the September meeting.