Latest Critical Minerals Supply Chain News

Northern Minerals has received coordinated, conditional support from Australian and US government agencies for up to US$230 million in funding to develop its Browns Range heavy rare earths project, a key step in diversifying global supply chains.

Latrobe Magnesium Limited has received a non-binding Letter of Interest from the U.S. Export Import Bank to finance up to A$200 million for its Stage 2 Commercial Magnesium Plant, aiming to strengthen critical mineral supply chains for the U.S.

Latitude 66 has inked a binding deal with Iondrive to test innovative Deep Eutectic Solvent technology on cobalt concentrates from its Finnish KSB Project, aiming to boost cost-efficiency and sustainability in critical minerals refining.

Jindalee Lithium has successfully raised $8 million through a private placement, complemented by a $1 million Share Purchase Plan, to advance its McDermitt Lithium Project and a strategic US SPAC transaction.

Diablo Resources will join a high-profile lunch in Washington, D.C., with Australian Prime Minister Anthony Albanese and Ambassador Kevin Rudd, spotlighting its role in the evolving US-Australia critical minerals partnership.

Australian Strategic Materials secures A$50.8 million via share placement to fund Korean plant expansion and advance US metals project, while navigating complex supply chain and funding risks.

ASM Limited has raised A$55 million to accelerate production capacity at its Korean Metals Plant and expand its footprint in the rare earths sector, responding to growing global demand and geopolitical supply chain pressures.

Resolution Minerals secures a $2 million placement from Tribeca Investment Partners, reinforcing its position in the U.S. critical minerals sector and advancing exploration at the strategically important Horse Heaven Project.

Locksley Resources has produced the first 100% American made antimony ingot in decades, validating a fully domestic mine-to-metal supply chain and advancing U.S. critical minerals independence.

Power Minerals Limited is set to list on the US OTCQB market following strong investor interest after acquiring the Gamma Heavy Rare Earths and Uranium Project in California, aiming to boost liquidity and visibility in the US capital markets.

Mandrake Resources has identified two promising high-grade lithium brine zones within its Utah Lithium Project, enhancing the prospectivity of its 3.3Mt inferred resource. The discovery leverages advanced brine flow modelling and historical well data, setting the stage for cost-effective testing.

Pioneer Lithium has launched its maiden field exploration program at the North Pine Project in Idaho, targeting critical antimony and tungsten deposits near major US mineral developments.