Latest Critical Metals News

Medallion Metals Limited has extended the deadline for its acquisition of the Forrestania Nickel Operation from IGO Limited, with completion expected by 27 February 2026. The transaction remains on track despite a few outstanding conditions.

Small caps stole the spotlight, with a handful of stocks doubling on deal news and early-stage project updates. Large miners were steadier, but even they couldn’t fully escape the week’s sharp gap moves.

Temas Resources has launched a major re-assay initiative on historic drill core at its La Blache project, aiming to identify valuable metals like gallium, scandium, and chromium while saving millions in drilling costs.

Great Divide Mining and Dart Mining report record high-grade gold, silver, and antimony assays from ongoing drilling at the Banshee prospect, advancing the Coonambula project towards a maiden resource estimate.

American West Metals has appointed a top Washington DC advisory firm to deepen US government engagement for its West Desert Project, aiming to establish the first domestic indium supply chain amid critical minerals supply risks.

Heavy Rare Earths Limited is set to commence a 2,500-metre maiden drilling campaign at its South Ridge tin prospect within the Prospect Hill Project, aiming to define a maiden Mineral Resource Estimate by late Q2 2026.

Venari Minerals has revised its Exploration Target for the Red Mountain Lithium Project in Nevada, revealing a potential lithium resource up to 18.6 million tonnes of Lithium Carbonate Equivalent. The company plans extensive drilling and sampling in 2026 to expand and upgrade this promising resource.

Trek Metals has raised $15 million through a strongly supported share placement to fund a major drilling campaign at its promising Kuro manganese discovery in Western Australia’s Kimberley region.

Silver Mines Limited has secured land access to the Coomber Silver Prospect, reviving exploration on a site with significant historic silver intercepts. The company is advancing reconnaissance work to unlock the potential of this largely underexplored caldera near its flagship Bowdens Silver Project.

Terrain Minerals is progressing key drilling campaigns across its Western Australian and Queensland projects, aiming for a maiden JORC resource at its Lightning gold-silver prospect by mid-2026. The company’s diversified portfolio also includes critical metals like gallium, lithium, copper, and rare earth elements.

American West Metals has commenced a significant diamond drilling program at its West Desert Project in Utah, aiming to grow the largest indium resource in the US and explore high-grade critical metals including gallium and copper.

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.