Latest Downstreaming News

PLS Group Limited delivered record FY26 lithium production and sales, boosted revenue 152%, and commenced Ngungaju plant restart, setting the stage for growth with P2000 expansion feasibility underway.

Meteoric Resources has signed a strategic partnership with POSCO International to advance the development and commercial production of rare earths at the Caldeira project in Brazil, aiming to secure a resilient supply chain for Korea.

Osmond Resources has delivered robust assay results from drill hole SOR-08A and channel samples at its Orión EU Critical Minerals Project, underpinning a maiden Mineral Resource Estimate and a low-capex Scoping Study. The company is also progressing a secondary listing on the Bolsa de Madrid, supported by a fully assembled Spanish team.

Axel REE has confirmed a breakthrough in sustainable rare earth extraction at its Woolrich deposit, surpassing previous test benchmarks and preparing for field trials in December 2026.

Battery Age Minerals has identified multiple priority exploration targets at its Apex Project in Utah, submitted new drilling permits for Austria’s Bleiberg site, finalised a commercial germanium technology licence, and gained entry to a US defense consortium, underpinning its integrated germanium strategy.

Vulcan Energy Resources has reached financial close on its €2.2 billion Lionheart Project financing, unlocking funds and accelerating construction across its integrated lithium and renewable energy facilities in Germany.

Prairie Lithium has advanced its Saskatchewan lithium project with the delivery of North America’s largest commercial Direct Lithium Extraction unit and a binding offtake agreement securing 100% of Phase 1 production.

InVert Graphite has acquired RapidGraphite and its RapidPulse™ technology, aiming to revolutionise graphite processing with rapid, acid-free purification. The company raised A$2.5 million to fund scale-up trials and integrate this with its Morogoro graphite project in Tanzania.

Pure Resources has independently confirmed that its Garnet Hills garnet meets international abrasive standards, while pioneering testwork aims to enhance product purity and recovery for defence applications.

Duratec has landed approximately $70 million in contracts spanning energy, marine, and mining sectors, notably winning a construction management role at Orica’s Hunter Valley Hydrogen Hub.

Australian Strategic Materials (ASM) has announced a revised timetable for its shareholder scheme meetings tied to Energy Fuels’ acquisition, alongside dispatching a supplementary booklet that updates key transaction details including a new expert report. The acquisition now contemplates Energy Fuels’ conditional US$725 million financing and a US$1.9 billion deal to acquire VAC.

Canadian Phosphate (ASX: CP8) has kicked off a 3,000-metre drilling campaign at its Wapiti Phosphate Project in British Columbia, aiming for a Mineral Resource Estimate by late 2026 that will support both traditional fertilizer and advanced battery material markets.