Latest Development News

Anax Metals has moved its Whim Creek copper-zinc project deeper into engineering and financing work, while Mons Cupri’s Mineral Resource rises 24% to 6.32 million tonnes. The company is still targeting a fourth-quarter Final Investment Decision, but funding remains non-binding and the larger resource has yet to enter the project’s Ore Reserve or financial forecasts.

Elementos has secured approval for the 8.1km access corridor at its Oropesa tin project in Spain and made its Robledollano smelter option unconditional. The company ended September with A$38.6 million in cash, but still needs primary permits, financing and offtake agreements before a final investment decision.

Yojee has expanded its MOSAIC freight software customer base to 17 signed agreements, with five customers now processing live jobs after the platform’s July commercial launch. The company has $11.2 million in cash and no debt, but must now turn early usage into billable activity.

Anson Resources has applied to establish a Utah Public Infrastructure District that could issue bonds backed by future tax differential revenues for infrastructure at its Green River lithium project. The proposal offers a possible non-dilutive funding route, but no bonds have been approved, sized or arranged.

Firebird Metals has improved the packing density, particle morphology and impurity profile of its lithium-manganese-rich precursor material, with tap density reaching 1.35 g/cm³ and sulphur falling 46% to 610 ppm. The results strengthen the technical case for the platform, but downstream cathode testing and larger-scale validation remain ahead.

FINEOS lifted its quarterly client receipts 47% and ended September with €51.7 million in cash, while maintaining FY26 revenue guidance of €147 million to €152 million. The stronger cash position was helped by the delayed collection of approximately €8 million in invoices, but no new sales were finalised during the quarter.

Syrah Resources is set to receive a further US$15 million from the US International Development Finance Corporation before the end of October, providing working and sustaining capital for its Balama graphite operation. The funding comes with a temporary waiver of existing loan defaults, new warrants and no guarantee of further disbursements.

OFX’s proposed $1.00-per-share takeover by Equals has lost its exclusivity after the UK bidder failed to reconfirm its proposal by the agreed deadline. Meanwhile, quarterly net operating income improved sequentially but remained well below the prior year, with enterprise revenue falling sharply and available cash declining.

Electro Optic Systems has expanded its defence pipeline sharply, with an unconditional A$717 million order book and a conditional Kuwait contract that could add about A$700 million. The opportunity comes with substantial guarantee, working-capital and export-licensing requirements.

TG Metals has reported high-grade lithium intercepts at its Burmeister deposit, including 12.35 metres at 1.53% Li2O and individual intervals above 2%. Six composite samples also exceeded the company’s nominal direct shipping ore specification, although the project remains at an inferred-resource and pre-feasibility stage.

QMines has doubled its Mt Chalmers drilling campaign to 20,000 metres while reporting $10.7 million in cash and a further $1.4 million in contracted receivables. The September quarter also delivered a higher Mount Mackenzie resource, fresh Botos drilling and a pipeline of assays that could shape the next resource update.

Red Metal’s latest column tests have extended the heap-leach case to the largest ore type at its Sybella rare earth project, with 65% neodymium and 68% praseodymium extraction from fresh granite. The result brings 598 million tonnes of fresh granite into the company’s pre-feasibility study, although the ore requires a longer leach cycle than its weathered counterparts.