Latest Energy Metals News

Mandrake Resources has started extracting bulk lithium brine from the Evelyn Chambers #1 well, advancing its Utah Lithium Project and providing critical data for future development.

Sunrise Energy Metals has landed a conditional US$400 million loan commitment from the U.S. Department of War’s Office of Strategic Capital to back its Syerston Scandium Project, while also initiating plans for a U.S. securities listing.

West Cobar Metals is fast-tracking its scandium exploration at the Salazar Project in Western Australia, targeting higher-grade zones with aircore drilling planned for late 2026 alongside advancing metallurgical testwork.

Bindi Metals has signed a binding agreement to divest its Biloela copper-gold project in Queensland to Jacaranda Natural Resources, retaining a 2% royalty and milestone-based equity. The sale will free up resources to focus on its Ravni Gold Project in Serbia, pending shareholder approval.

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.

Golden Dragon Mining has raised A$2.2 million through a strategic placement to Chengtun Gold, a subsidiary of Shanghai-listed Chengtun Mining Group, at a near 18% premium. The deal grants Chengtun a board seat and aims to accelerate exploration at the Cue Gold Project.

Aurora Energy Metals progresses the Aurora Uranium Project with a major drill program imminent under Eagle Nuclear Energy, while broadening its Western Australian footprint with new exploration licences at Mukinbudin.

Thor Energy reported a robust cash position of A$2.8 million at June 30, 2026, and confirmed natural hydrogen concentrations up to 3% at its HY-Range Project. The company awarded a fully funded 464 line-kilometre 2D seismic survey to Velseis, marking a key step towards drilling.

Australian Mines has fast-tracked its Flemington Scandium Project pre-feasibility study to explore scaling production from 60 to 180 tonnes per annum amid rising market demand. The study builds on a strong scoping study that valued the project at up to US$860 million NPV.

Sunrise Energy Metals is fast-tracking studies to triple scandium oxide production at its Syerston project, aiming to meet soaring global demand and secure supply outside China. The initial 60tpa development targets commercial production in 2028, while the expanded 180tpa plan remains flexible and contingent on market signals.

Sunrise Energy Metals pushed forward its Syerston Scandium Project with key permitting, FEED study progress, and a Concept Level Study for tripling scandium oxide output. The company also made a strategic US$5 million investment in Agni Semiconductor, signalling a pivot into downstream scandium-enabled technologies.

West Cobar Metals (ASX: WC1) has identified promising high-grade scandium drill targets at its Salazar project, alongside metallurgical testwork indicating potential for lower-cost scandium production via atmospheric leaching and bioleaching.