Latest Defense Industry News

Southern Cross Gold Consolidated Ltd has reported exceptional high-grade drill results from its Golden Dyke prospect, confirming a robust gold-antimony system within the Sunday Creek Project. The standout intercept includes 9.2 meters at 34.6 g/t gold equivalent, highlighting significant resource expansion potential.

Volt Resources has secured strategic funding and relocated its US operations to Alabama, advancing its graphite refinery ambitions while winning a key legal battle in Ukraine.

Sovereign Metals confirms its Kasiya Rutile-Graphite Project remains unaffected by Malawi’s new raw mineral export ban, thanks to its in-country processing plans.

Nova Minerals has secured a significant US$43.4 million funding award from the U.S. Department of War to accelerate its Estelle Project in Alaska, advancing both gold and antimony development with strong government backing and infrastructure progress.

Sunrise Energy Metals has secured a strategic partnership with Lockheed Martin, granting the defense giant an option to purchase a quarter of scandium production from the Syerston Project over five years, aiming to boost scandium adoption in aerospace and defense.

Latrobe Magnesium Limited has received a non-binding Letter of Interest from the U.S. Export Import Bank to finance up to A$200 million for its Stage 2 Commercial Magnesium Plant, aiming to strengthen critical mineral supply chains for the U.S.

Southern Cross Gold Consolidated Ltd. reported a net loss of $925,512 for Q1 2026, alongside significant progress in its Australian gold-antimony projects and key corporate milestones including TSX main board graduation.

Nova Minerals’ U.S. subsidiary has won a $43.4 million award from the U.S. Department of War to accelerate production of military-grade antimony trisulfide at its Alaska Estelle Project, aiming to strengthen domestic critical mineral supply.

IperionX has received an additional $25 million from the U.S. Department of War to accelerate titanium production at its Virginia facility, reinforcing domestic supply chains for critical defense materials.

Cobalt Blue Holdings has secured a crucial works approval for its Kwinana Cobalt Refinery, pushing Australia’s first dedicated cobalt processing plant closer to a final investment decision by the end of 2025.

Dateline Resources has completed its acquisition of 100% ownership of the Argos Strontium Project in California, the largest known U.S. strontium deposit, complementing its Colosseum Gold-REE project and aligning with national strategic priorities.

Metallium Ltd has appointed former U.S. Deputy Assistant Secretary of Defense Travis Langster to its U.S. advisory board, aiming to strengthen ties with government and industry for critical metals supply chain resilience.