Latest Critical Minerals Supply News

Rio Tinto has opted out of operating Sovereign Metals' Kasiya project, ending its exclusive marketing rights and allowing Sovereign to pursue a US-focused critical minerals approach. Sovereign aims to secure binding offtake deals with US and allied partners, leveraging Kasiya's strategic minerals for Western supply chains.

Temas Resources has filed a new patent for its proprietary Regenerative Chloride Leach (RCL) process targeting vanadium extraction, broadening its critical minerals technology portfolio and reinforcing its commercial licensing ambitions.

West Cobar Metals (ASX: WC1) has identified promising high-grade scandium drill targets at its Salazar project, alongside metallurgical testwork indicating potential for lower-cost scandium production via atmospheric leaching and bioleaching.

Sibelco Silica Pty Ltd has exercised its call option to inject an additional $4.4 million into the Diatreme joint venture, restoring ownership stakes and supporting key project milestones for the Northern Silica Project in Far North Queensland.

EV Resources has delineated two structurally controlled mineral corridors at its Nevada projects, defining a clear path to drill targets amid growing US antimony supply concerns.

Element 25 has locked in a US$166 million grant from the U.S. Department of Energy to fund its Louisiana high-purity manganese sulphate monohydrate (HPMSM) facility, reinforcing its role in the evolving battery materials supply chain.

Southern Cross Gold's latest drilling at Sunday Creek reveals strong antimony dominance alongside gold, with standout intercepts reinforcing the project's critical mineral potential.

Diablo Resources has secured final permits to start a maiden diamond drilling program at its high-grade North Star Prospect in Utah, targeting silver, antimony, and copper. The company also completed the second tranche of a $3.5 million placement to fund exploration and the Horn Silver acquisition.

Osmond Resources is advancing its Orión EU Critical Minerals Project with imminent assay results, upcoming resource estimates, and a secondary listing on the Madrid Stock Exchange, aiming to become the EU's first producer of rare earth-bearing minerals.

Iluka Resources has locked in a long-term supply deal with VHM Limited for rare earth concentrate from the Goschen project, underpinning its Eneabba refinery feedstock with a $40 million convertible note commitment to aid project development.

QEM Limited has pushed back the deadline to complete due diligence on its planned acquisition of two U.S. critical minerals projects, citing legal concerns mainly around chain of title.

Bayan Mining has partnered with The University of Queensland to push forward its patented yttrium processing technology, aiming to validate and optimise the process using Australian rare earth feedstocks and support pilot-scale development.