Latest Exploration Licenses News

eMetals Limited has progressed its exploration at the Busia Gold Project in Uganda, initiating a second phase of soil sampling to better define a significant gold anomaly. The company ends the quarter with a solid cash position following strategic asset sales.

American West Metals reports robust drilling results at its Storm Copper Project in Canada and renews momentum at its West Desert Project in Utah, supported by a $7 million capital raise to advance critical metals development.

Yugo Metals has raised $3.5 million to fund its first-ever diamond drilling program targeting gold anomalies at its Sinjakovo project in Bosnia. The company also advances community and regulatory engagement for its Sockovac license while maintaining a cautious cash position.

Cobre Limited has reported a maiden Mineral Resource Estimate for its Ngami Copper Project in Botswana, alongside a significant investment agreement with Sinomine International Exploration. The company also advanced exploration activities with BHP funding and progressed key permitting milestones.

First Lithium Limited has secured $800,000 in funding and is awaiting crucial license renewals in Mali, setting the stage for its maiden Mineral Resource Estimate expected in the December quarter.

Chilwa Minerals has confirmed elevated rare earth and heavy mineral sands resources in Malawi, progressing exploration and metallurgical studies alongside a $4.1 million capital raise and strategic logistics talks.

Vectus Biosystems has signed a binding agreement to sell its VB4-P5 renal fibrosis compound to Canadian biotech XORTX Therapeutics, while actively pursuing licensing opportunities for its lead drug VB0004 and others, particularly in China.

Cassius Mining Limited reports steady progress on its Soalara Limestone Project joint venture discussions and updates on its international arbitration case against Ghana, while raising $250,000 through share and convertible note issuances.

Invictus Energy has secured National Project Status for its Cabora Bassa gas project in Zimbabwe and signed a major funding deal with Al Mansour Holdings, setting the stage for high-impact drilling in 2026.

Zinc of Ireland NL reported steady progress across its Irish and Australian projects in Q3 2025, with significant geochemical and geophysical surveys underway and drilling completed at Mt Clere awaiting assay results.

RTG Mining moves closer to production at its high-grade Mabilo Copper and Gold Project with full financing secured from Glencore, while drilling results at its Chanach Project in Kyrgyzstan reveal promising resource expansion potential.

Forrestania Resources has rapidly expanded its gold portfolio across Western Australia, boosting its resource base from 24koz to over 593koz in just 14 weeks, backed by a strategic $8.61 million capital raise.