Latest Critical Minerals Strategy News

Energy Fuels Inc. has announced a binding agreement to acquire Australian Strategic Materials Ltd (ASM) in a deal valuing ASM at approximately A$447 million, offering shareholders a 121% premium. The acquisition aims to establish a vertically integrated Western rare earths supply chain, aligning with critical minerals strategies between the US and Australia.

Nova Minerals’ 2025 drilling at the Korbel Gold Deposit in Alaska reveals a near-surface higher-grade core, supporting a pilot starter pit and promising cost efficiencies through ore sorting.

Trek Metals reports exceptional high-grade manganese rock chip assays up to 60.1% Mn at its Kuro Prospect, extending mineralisation over 750 metres and aligning with strong gravity anomalies. Drill preparations and heritage assessments are underway to unlock the discovery’s full potential.

Green Technology Metals has extended its Letter of Interest with Export Development Canada for up to C$100 million in financing, reinforcing the strategic development of its Seymour Lithium Project in Ontario.

American Tungsten & Antimony Ltd is set to submit a Notice of Intent for its first diamond drilling program at the Tennessee Mountain Tungsten Project in Nevada, aiming to validate historic high-grade mineralisation and establish a formal resource estimate.

Mount Ridley Mines has entered a Material Transfer Agreement with Lawrence Livermore National Laboratory to explore rare earth element processing, marking a strategic move in critical minerals downstream development.

South Harz Potash Limited has lodged three exploration permit applications for the Torsby West Project in Sweden, securing a 25km corridor rich in copper-gold-cobalt mineralisation. This move complements their existing Glava assets and positions the company strongly in a highly prospective Scandinavian IOCG district.

Diablo Resources has completed drilling at its Phoenix Copper Project and is progressing high-grade silver-antimony exploration at Star Range, positioning itself to capitalize on growing US critical minerals demand.

Diatreme Resources has submitted the Draft Environmental Impact Statement for its Northern Silica Project, marking a significant step toward regulatory approval and highlighting its potential to boost regional economies and support global solar energy growth.

Locksley Resources has launched an Expression of Interest process to select a leading U.S. engineering firm for the Desert Antimony Mine pilot plant design, marking a critical step toward establishing a domestic antimony supply chain aligned with federal priorities.

Bayan Mining has locked in an exclusive worldwide licence for advanced rare earth processing technologies developed at Colorado School of Mines, promising higher recovery rates and lower costs for its Desert Star Project near Mountain Pass.

Critical Resources Limited has partnered with Canada's Pathway Group to accelerate permitting, funding, and stakeholder engagement for its Mavis Lake Lithium Project, aiming to cement its role in North America's lithium supply chain.