Latest Pursuit Minerals (ASX:PUR) News

Pursuit Minerals has kicked off fieldwork at its Sascha Marcelina gold-silver project in Argentina, confirming a significant mineralised system and preparing for a maiden drilling program.

Drilling wins, funding deals and takeover activity drove a busy week in materials stocks. Big moves came from early-stage explorers, while larger producers won support with cash flow, mine life and deal-making.

Pursuit Minerals has significantly extended the depth of its lithium brine exploration at the Mito tenement, Rio Grande Sur project, following advanced CSAMT data reprocessing. The company plans a three-hole drilling program to test these high-confidence targets, aiming to expand its resource base beyond the initial 5,000 tpa lithium carbonate production.

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Pursuit Minerals has successfully completed the first tranche of a $7 million placement, issuing nearly 47 million shares at 9.5 cents each, with a second tranche and incentive options pending shareholder approval.

Pursuit Minerals Limited has had its trading suspension lifted following the release of its Pre-Feasibility Study and a capital raising announcement, signaling renewed investor interest.

Pursuit Minerals has delivered a compelling Pre-Feasibility Study for its Rio Grande Sur lithium project in Argentina, confirming strong economics and a maiden Ore Reserve. The company also secured a A$7 million capital raise to advance development.

Pursuit Minerals has made significant strides in its Argentine lithium and gold ventures, progressing its Rio Grande Sur feasibility study and completing the Sascha Marcelina gold project acquisition. The company is poised to begin drilling and further technical work in early 2026.

Pursuit Minerals has voluntarily suspended its shares on the ASX pending the release of a Pre-Feasibility Study and a capital raising announcement, expected imminently.

Pursuit Minerals has identified promising gold and silver targets at its Sascha Marcelina project in Argentina, planning a 4,050-metre drilling campaign to test these high-potential zones. The project’s geological similarities to the world-class Cerro Negro system bolster hopes for a significant discovery.

Pursuit Minerals has completed the acquisition of the Sascha Marcelina Gold Project in Argentina, setting the stage for a high-impact drilling campaign while simultaneously advancing its lithium development at Rio Grande Sur.