Latest Commodity Markets News

Jameson Resources has opened the retail leg of a A$5 million accelerated entitlement offer, giving eligible shareholders the chance to buy new shares at a 22.2% discount to the latest stated closing price. The company says institutional demand has already delivered about A$3.7 million, with a further A$1.59 million placement, but the retail component remains non-underwritten.

Fitzroy River Corporation reported a modest loss for FY26, with a key highlight being a $12.27 million disputed payment from Endura Mining related to its Snowy River Gold Project royalty. The company has initiated court proceedings in New Zealand to clarify the validity of this buyout option while exploring potential sale of its Bowdens Silver royalty.

Ore Resources Ltd (ASX: OR3) has released a robust Scoping Study for its Kangaroo Hills Lithium Project, outlining a low-capital, fast-track Direct Shipping Ore (DSO) operation expected to generate substantial cash flow within a 16-month mine life.

Coppermoly Limited’s Managing Director and CEO Dickson Leah has resigned immediately, prompting a board-led strategic review focused on short-term shareholder value amid ongoing exploration and acquisitions.

Lowell Resources Fund (ASX: LRT) reported a 48.7% increase in profit to nearly $33 million for FY2026, alongside a 37.6% rise in net assets to $99.5 million, driven by strong junior resources sector performance despite mid-year commodity volatility.

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.

Horseshoe Metals has started Direct Shipping Ore operations at its Horseshoe Lights Copper-Gold Project, aiming for initial sales in October and December 2026 to fund further development.

BHP Group Limited’s 2026 US Annual Report (Form 20-F) filed with the SEC details robust production across key assets, disciplined capital allocation, and advances in sustainability and leadership transition.

Critica Limited is reshaping its Mt Lindsay Tin-Tungsten Project with an innovative underground mining approach, aiming to reduce surface disturbance and integrate environmental and commercial factors amid strengthening commodity prices.

Galan Lithium is set to become a significant lithium brine producer with its Hombre Muerto West project in Argentina, targeting first sales in the second half of 2026. The company boasts a world-class resource, strong fiscal incentives, and a valuation discount to ASX peers.

Jupiter Mines’ stake in the Tshipi manganese mine delivered a robust quarter with production and sales beating expectations, while EBITDA rose on firmer manganese prices despite a slight uptick in unit costs.

Alcoa Corporation posted a strong second quarter with $407 million net income, driven by record aluminum segment earnings and higher prices, while advancing its $4.1 billion acquisition of South32’s upstream assets with bridge financing in place.