Latest Cobalt And Nickel News

Conico's statutory loss widened sharply in FY2026, largely because of non-cash share-based payments linked to its recapitalisation. The company ended the year debt free with $2.53 million in cash, but warned that funding remains critical as it prepares for Mt Thirsty drilling.

Western Yilgarn expanded its inferred bauxite inventory to 244Mt and added gallium, tellurium, cobalt, scandium and gold targets during FY2026. But the explorer ended the year with $159,481 in cash, a $1.78 million loss and an auditor warning that further funding is required to continue planned activities.

Mt Malcolm Mines has identified four copper-gold exploration targets across its Malcolm Project, led by selective Braiser rock chips grading up to 1.37% copper. The broader target inventory is promising but remains early-stage, with no new drilling completed and most geochemical signals still awaiting laboratory verification.

Golden Dragon Mining has raised A$2.2 million through a strategic placement to Chengtun Gold, a subsidiary of Shanghai-listed Chengtun Mining Group, at a near 18% premium. The deal grants Chengtun a board seat and aims to accelerate exploration at the Cue Gold Project.

Barkly Rare Earths (ASX:BAK) is launching a substantial 10,000-metre drilling campaign targeting expansion of its 40 million tonne inferred rare earth resource at the Barkly Project, with drilling set to start imminently.

Venus Metals Corporation has secured $47 million from selling its Youanmi Gold Project royalty, while exploration at Henderson and Youanmi Base Metals projects reveals promising targets. The company also initiates titanium extraction R&D and plans special dividends for shareholders.

Venus Metals has unveiled promising auger soil sampling results at its Henderson Gold Project and significant base metals anomalies at Youanmi, alongside initiating a titanium extraction research program with Murdoch University.

Livium is positioning its Envirostream subsidiary to capitalise on the growing battery recycling needs from Australia's booming AI data centre sector, leveraging its EPA-licensed facilities and national network.

Cobalt Blue Holdings and Glomar Minerals have shortlisted four US sites and begun testwork for Project Infinity, aiming to build the first commercial polymetallic nodule refinery in the United States.

Element 25 is recalibrating its US battery-grade manganese project amid evolving electric vehicle battery technologies, while maintaining focus on its Butcherbird expansion in Western Australia.

Western Yilgarn NL has reported a maiden discovery of high-grade gallium-tellurium mineralisation at its Ida Holmes Junction Project, alongside confirmation of extensive cobalt-nickel-copper-lead-scandium mineralisation continuity. The company also updated its substantial bauxite resource base in its March 2026 quarterly report.

Cobalt Blue Holdings and Glomar Minerals have teamed up to develop a pioneering polymetallic nodule processing facility in the US, aiming to secure critical minerals for advanced manufacturing and defence sectors.