Latest Arizona News

Trek Metals has secured a nine-month option to acquire the 154-claim Matrix Manganese Project in Arizona for a total potential cash consideration of A$200,000. The deal offers a low-cost route into a US critical-minerals opportunity, but carries a significant related-party consideration because CEO Derek Marshall owns about 66.67% of the vendor.

Golden Mile Resources says follow-up surface sampling has expanded the exposed Aurora gold anomaly in Arizona to at least 280 metres wide and 450 metres along strike. The results strengthen the case for drilling, although the prospect remains an early-stage, undrilled target with open boundaries.

Shine Justice Ltd reported a modest 2.3% revenue increase to $209.2 million for FY26, alongside a striking 1,578% jump in net profit after tax to $9.6 million. The company declared a fully franked final dividend of 2.5 cents per share, signalling confidence amid ongoing investments in technology and international expansion.

L1 Global Long Short Fund (ASX:GLS) reported a striking $121.3 million net profit for FY26 following its strategic reset, declaring a fully franked 2.00 cent final dividend and targeting 8.00 cents per share for FY27.

Eagle Mountain Mining has kicked off a 6,000-metre drilling program at its Oracle Ridge copper project in Arizona, funded and operated by JV partner Nittetsu Mining. The campaign aims to expand known mineralisation and explore new targets identified by recent geophysical surveys.

American Tungsten & Antimony Ltd (ASX: AT4) has kicked off critical wet table trials at its Del Sol Refinery in Nevada, moving closer to producing ammonium paratungstate and antimony flake from domestic sources. Engineering proposals for expanding the plant’s tungsten processing capacity are under review, while the company pursues US government funding and regulatory approvals.

SQX Resources launches a fully underwritten $2.47 million rights issue at a 31% discount to fund accelerated exploration across key US and Australian projects.

Energy Fuels Inc. reported a transformative 2024 with a major acquisition boosting its heavy mineral sands assets, a uranium production ramp-up at key US mines, and commercial rare earth oxide output from its White Mesa Mill.

Ragusa Minerals has pinpointed 14 priority drill targets at its historic Black Rock Manganese Mine site in Arizona, following a detailed induced polarisation survey that reveals significant extensions of high-grade manganese mineralisation.

Evolution Mining delivered record FY26 profit and cash flow, declaring a 21-cent final dividend and setting a higher 60% payout policy while advancing key growth projects and acquisitions.

Infinity Metals has expanded its Swansea copper project area by nearly half, securing full ownership of new claims that extend over 5km of mineralised strike and include historically high-grade copper zones.

American Tungsten & Antimony Ltd (ASX: AT4) affirmed the materiality of its US acquisition deal and detailed its adherence to ASX continuous disclosure rules following an ASX inquiry.