Latest Critical Minerals Supply News

EV Resources (ASX: EVR) pushes forward its Mexico Antimony Hub with 11 diamond drill holes completed at Los Lirios, a new near-surface vein discovered, and Tecomatlán plant refurbishment progressing toward a 2H 2026 start.

Eclipse Metals’ 2025 drilling at Grønnedal reveals broad rare earth mineralisation from surface, with multiple zones exceeding 1% TREO and a strong Nd-Pr magnet rare earth profile, reinforcing the project’s strategic importance.

Dreadnought Resources has reported new drilling results from its Stinger critical metals deposit, expanding high-grade niobium, rare earth, and scandium mineralisation. Metallurgical studies suggest commercial potential, with an updated JORC Exploration Target due in May 2026.

Magnum Mining and Exploration Limited has initiated a large-scale auger drilling program at its Piracanjuba prospect within the Azimuth Rare Earth Element Project in Brazil, aiming to define an Exploration Target and a JORC Mineral Resource Estimate by late 2026.

West Cobar Metals (ASX: WC1) is progressing its U.S.-focused critical minerals strategy by formally engaging with U.S. government funding programs and partnering with Washington D.C.-based advisor GreenMet. The company’s Australian projects contain key minerals aligned with U.S. supply chain priorities, while it evaluates potential U.S. acquisitions to expand its footprint.

Jindalee Lithium Limited's US subsidiary, HiTech Minerals, has signed a binding agreement with Constellation Acquisition Corp I to form US Elemental Inc., a NASDAQ-listed company holding the McDermitt Lithium Project. The transaction values the new entity at approximately US$571 million enterprise value, with Jindalee retaining majority ownership.

Larvotto Resources has engaged former Federal Senator The Hon. David Fawcett as a Strategic Advisor to support positioning its Hillgrove antimony production within national security and critical minerals supply chains.

Marquee Resources has entered a 24-month patent license and option agreement with UT-Battelle LLC, granting access to advanced rare earth element separation technologies from Oak Ridge National Laboratory. This positions Marquee to explore downstream processing opportunities for its Redlings REE Project in Western Australia.

American West Metals Limited has reported exceptional assay results from historical mine dumps and surface rock sampling at its West Desert Project in Utah, revealing significant grades of critical metals including copper, silver, indium, germanium, and tellurium. A 5,000-metre diamond drilling program targeting newly identified high-grade zones is currently in progress.

Locksley Resources has initiated a four-hole diamond drilling program at its El Campo Rare Earth Element Prospect within the Mojave Project, aiming to test high-grade mineralisation continuity near a major US REE mine.

Bayan Mining and Minerals Limited has verified key rare earth element minerals at its Desert Star project in California, confirming a phosphate-rich hard-rock system dominated by light rare earth elements. The company is advancing towards its maiden drill program following regulatory approvals.

G50 Corp Limited reports encouraging metallurgical test results from its Golconda Project in Arizona, demonstrating the ability to concentrate gallium using established, cost-effective processing techniques. The findings support the potential for a strategic domestic gallium supply integrated with precious metals production.