Latest Devex Resources (ASX:DEV) News

A takeover premium blew the doors off the Materials board this week, while one discounted equity raise did the opposite. Uranium names kept climbing on real production progress, and rare earths stayed in favour as governments and buyers circle supply.

DevEx Resources has fortified its leadership and expanded its uranium footprint in the Northern Territory through key tenement acquisitions, backed by a $39 million capital raise. The company also advances rare earths metallurgy and prepares for an extensive 2026 drilling campaign.

DevEx Resources has successfully raised nearly $7 million through an oversubscribed Share Purchase Plan, significantly exceeding its initial $3 million target to fund expanded uranium exploration in Australia’s Northern Territory.

DevEx Resources has announced a $35 million capital raise to fund key uranium tenement acquisitions and an aggressive 2026 exploration campaign in the Northern Territory’s Alligator Rivers Uranium Province.

DevEx Resources has pinpointed a promising uranium drill target at its Sandfire Prospect, just north of the historic Nabarlek Mine in the Northern Territory. The discovery, based on gravity and geochemical surveys, sets the stage for drilling in 2026 within a globally significant uranium province.

DevEx Resources has secured Alligator Energy’s entire uranium tenement package in the Northern Territory’s Alligator Rivers Uranium Province, significantly expanding its Nabarlek Project footprint. This strategic move consolidates key uranium-bearing fault corridors and historical resources, setting the stage for a district-scale exploration push.

DevEx Resources reports a major metallurgical breakthrough at its Kennedy Rare Earths Project in Queensland, achieving up to 68% recovery of critical magnet rare earth elements using a straightforward heap leach process with low acid consumption.

DevEx Resources has secured nine uranium exploration licences from Rio Tinto in the Northern Territory’s Alligator Rivers Uranium Province, significantly enlarging its exploration territory near historic high-grade deposits.

DevEx Resources has appointed Marnie Finlayson, a seasoned mining executive from Rio Tinto, as Managing Director starting December 2025, signaling a strategic push in uranium and rare earth projects.

DevEx Resources has made significant progress in its uranium and rare earth exploration programs, completing key surveys and preparing for drilling in 2026. Early assay results and metallurgical tests highlight promising prospects across its Northern Territory and Queensland projects.

DevEx Resources has identified extensive multi-element uranium anomalies at its Murphy West Project in the Northern Territory, showing geochemical parallels to Queensland’s Junnagunna deposit. The company is advancing towards drilling in early 2026 to test these promising targets.

DevEx Resources has identified multiple large-scale uranium exploration targets at its Nabarlek Project, supported by government co-funding and advancing ground surveys. Meanwhile, soil geochemistry testing is underway at Murphy West, signalling sustained exploration momentum.