Latest Critical Minerals News

Fortuna Metals (ASX: FUN) has extended the rutile mineralisation footprint at its Mkanda Project in Malawi from 37km² to 53km², revealing high-grade cores and planning extensive drilling to underpin a maiden resource estimate in the second half of 2026.

Power Minerals has sealed its acquisition of the Morro do Ferro Rare Earths Project, a high-grade rare earth asset in Brazil, setting the stage for accelerated exploration and resource definition.

Sarytogan Graphite Limited has upgraded its Central Graphite Zone resource, marking a key milestone with Measured classification and progressing its Definitive Feasibility Study. Meanwhile, copper exploration reveals promising anomalies, backed by fresh capital injections.

Perpetual Resources continues to hit high-grade lithium and caesium targets at its Igrejinha and Renaldinho projects while strategically entering the tungsten market with a sizeable new tenure in Brazil’s Seridó Mineral Province. The company is gearing up for trenching and drilling campaigns amid a tight cash position.

Dreadnought Resources accelerated progress on gold and critical metals fronts in the March quarter, securing mining approvals, expanding its rare earth portfolio, and delivering high-grade drill results at key prospects.

WA1 Resources has delivered a fresh batch of high-grade niobium intersections at its Luni Project, underpinning a Mineral Resource Estimate update due next quarter. The company also maintains a robust cash balance of $131 million as it advances pre-development activities.

Western Yilgarn NL has reported a maiden discovery of high-grade gallium-tellurium mineralisation at its Ida Holmes Junction Project, alongside confirmation of extensive cobalt-nickel-copper-lead-scandium mineralisation continuity. The company also updated its substantial bauxite resource base in its March 2026 quarterly report.

Mandrake Resources has identified overlapping placer claims staked by Utah Brine Corporation, linked to Neometals Ltd, on its Utah Lithium Project tenure. Legal demands have been issued to resolve the dispute, which affects a small portion of Mandrake’s 3.3Mt LCE resource.

Ionic Rare Earths (ASX: IXR) has secured a £12 million UK government grant offer for its Belfast rare earth magnet recycling facility and is progressing its Brazilian JV and Ugandan heavy rare earths project, reinforcing its role in ex-China supply chains.

Eastern Resources (ASX:EFE) has activated the farm-in period for its Marengo Gold Project, marking a key milestone with fieldwork planned after Queensland’s wet season. The company maintains steady cash reserves and advances environmental assessments at its Nowa Nowa Iron Project.

American Rare Earths is fast-tracking its Wyoming Halleck Creek rare earths project, defining a pilot plant pathway, advancing oxide to metal studies, and targeting a NASDAQ listing by year-end 2026.

Australian Rare Earths Limited (ASX: AR3) reported robust progress at its Koppamurra Rare Earths Project, delivering a high-purity Mixed Rare Earth Oxide pathway with near-complete rare earth recovery and improved heap leach performance. Concurrently, the company defined new uranium targets at Overland with drilling imminent, supported by a strengthened balance sheet following a $6 million placement and government grants.