Latest Critical Minerals News

Iluka Resources has secured a multi-year, take-or-pay rare earths supply contract with a major automotive company, aligning with its Eneabba refinery ramp-up and backed by a $1.65 billion government loan for refinery completion.

Chilwa Minerals has expanded its Mpyupyu West heavy mineral sands discovery to over 17 km², surpassing the combined area of the Mpyupyu Dune and Flat deposits. This expanded target borders the recently doubled 109.6 Mt Mpyupyu resource, with drilling underway to test a potential physical merger.

Basin Energy's maiden drilling at Newmans Prospect outlines a 3.3 km corridor of magnet rare earth mineralisation, validating a preserved-weathering exploration model and identifying two priority target zones for follow-up.

Renascor Resources has begun processing graphite through its hydrofluoric acid-free purification flowsheet at its Adelaide demonstration plant, marking a key milestone in its sustainable battery materials strategy.

Critical Minerals Group (ASX: CMG) has secured $1.5 million through a discounted two-tranche placement to accelerate its vanadium electrolyte strategy, including feasibility studies and offtake negotiations.

Andromeda Metals has started commissioning its High Purity Alumina pilot plant, aiming to produce commercial-grade 4N HPA samples in the second half of 2026 for customer qualification. The pilot plant will also explore value from by-products like amorphous silica and gallium, adding potential upside to the project.

Astron Limited is advancing talks for a $220 million senior debt package to fund Phase 1 of its Donald Rare Earths and Mineral Sands Project, with a final investment decision now expected in Q3 2026.

Axel REE has confirmed that its Woolrich deposit in Brazil is amenable to in situ recovery (ISR) using a mild magnesium sulphate solution, recovering high-grade rare earths with low impurities. This breakthrough supports the design of field-scale ISR tests planned for late 2026.

EV Resources has unveiled a maiden Exploration Target at its Los Lirios Antimony Project in Mexico, estimating up to 166,000 tonnes of contained antimony across three zones. Phase 1 drilling confirmed shallow, continuous carbonate replacement mineralisation, while high-grade feeder zones await further testing.

Viridis Mining hosted European Union Commissioner Jozef Síkela at its Colossus Rare Earth Project in Brazil, marking a key step in forging strategic critical minerals partnerships between Brazil and Europe.

Osmond Resources has expanded the high-grade heavy mineral zone at its Orión EU Critical Minerals Project in Spain, with drill hole SOR-08 intersecting key quartzite layers 1.25km from prior discoveries. This development supports the maiden Mineral Resource Estimate and keeps the company on track for a Q3 2026 Scoping Study.

Resolution Minerals has secured membership in the US Defense Industrial Base Consortium, opening doors to funding and collaboration that could accelerate its critical minerals projects in Idaho.