Latest Critical Minerals News

Jindalee Lithium has advanced its proposed US Elemental Nasdaq listing and prepared to launch major drilling at McDermitt, but its audited FY26 accounts flag a material uncertainty over ongoing funding. The company ended June with A$13.6 million in cash after raising about A$20.4 million, while reporting a A$7.2 million loss and no operating revenue.

Hawk Resources has reported broad near-surface copper mineralisation at its Cactus project, while its FY2026 loss widened and the company flagged a continuing need for fresh funding. The explorer ended June with A$4.52 million in cash after substantial equity raisings and has since secured an 80% Olympus scandium interest for A$1.36 million.

Firebird Metals is moving from manganese exploration towards downstream battery materials, with its Perth demonstration plant backed by a A$2 million ARENA grant. But the ASX-listed company remains loss-making, has A$3.61 million in cash and faces a material uncertainty over its ability to continue without further funding.

Chalice Mining is moving Gonneville from study to execution, with a feasibility study underway and a targeted investment decision in the first half of 2028. The project’s sizeable economics sit alongside a A$26.2 million annual loss and a funding task that remains unresolved.

Battery Age Minerals finished FY26 with stronger cash reserves and drilling progress across Austria and Argentina, but warned that further funding or asset realisations are needed to sustain planned exploration. The company reported a $4.97 million loss, including a $2.60 million non-cash charge linked to its diluted Eminence Minerals holding.

Pioneer Minerals has warned of a material uncertainty over its ability to continue as a going concern after closing FY2026 with just A$80,302 in cash. The company is relying on a proposed A$2.5 million capital raising while pushing its Idaho tungsten-gold-gallium project towards maiden drilling.

Altamin has completed the core technical work for its Lazio geothermal brine Scoping Study, but auditors have flagged material uncertainty over the company’s ability to continue as a going concern. The ASX-listed developer ended FY2026 with A$2.39 million in cash after raising A$5.39 million during the year.

Iltani Resources has paired a substantial Orient silver-indium resource with $8 million in QIC backing, giving the explorer a stronger platform for its next phase of drilling and technical studies. The company remains loss-making and pre-revenue, but ended FY26 with $7.5 million in cash.

Omnia Metals has shifted its exploration focus to US antimony, silver, rare earths and gallium projects, backed by $3.1 million in equity raisings. Early Montana sampling produced follow-up targets, but the company remains loss-making and says the results are reconnaissance-scale rather than evidence of a resource.

St George Mining’s Araxá project now boasts a 111.2Mt rare earths resource after a major post-year-end upgrade, alongside 630,000 tonnes of contained niobium. The 2026 annual report shows a company moving rapidly towards development, but still without an ore reserve, mine design or production decision.

Blaze Minerals reported a narrower FY2026 loss, but ended the year with just $43,552 in cash and an auditor-highlighted material uncertainty over its ability to continue as a going concern. The company is relying on shareholder-approved funding, a proposed 20:1 consolidation and a conditional Ugandan tungsten acquisition to reshape its next phase.

Green Technology Metals has cleared the environmental assessment for its Seymour lithium project, while a A$15.9 million capital raising leaves the company better placed to complete its definitive feasibility study. The next test is whether permitting, financing and Indigenous agreements can convert that progress into a Final Investment Decision in FY27.