Latest Fluorspar News

OD6 Metals has secured A$6.92 million from institutional and sophisticated investors to advance drilling, bulk sampling and resource definition at its Quinn Fluorspar Project in Nevada. The funding also sets up a proposed rebrand to Adaven, but brings dilution and a substantial package of shareholder approvals.

West Cobar Metals ended FY2026 with more cash but a larger loss and an auditor-highlighted material uncertainty over its ability to continue without further funding. Exploration advanced across Salazar and Cobar West, but the company remains dependent on equity markets to keep its programmes moving.

Octava Minerals is pursuing a staged acquisition of a 400km2 fluorspar project in Argentina’s historic Sierra Grande district, backed by an approximately A$1.8 million placement. The opportunity comes with substantial verification risk: the reported grades are historical, non-JORC compliant and have not been independently validated.

Evion Group has moved its flagship Maniry graphite project into the development stage and secured a binding German offtake terms sheet, but its FY2026 accounts carry a material going concern warning. The company also faces an unpaid A$730,000 placement shortfall as it funds graphite, fluorspar and downstream expansion plans.

Mont Royal Resources has used its first post-merger annual report to set out the scale of the Ashram rare earths project, while flagging the funding, permitting and technical work still ahead. The updated study outlines a 30-year operation with a C$2.03 billion post-tax NPV, but remains a preliminary assessment rather than a development guarantee.

OD6 Metals has transformed its portfolio with the completed acquisition of Nevada’s Quinn Fluorspar Project, but the strategic expansion comes alongside a larger loss, ongoing funding needs and substantial permitting risk. The company is now targeting drilling and a maiden resource at Quinn while advancing laboratory-scale rare earth processing work at Splinter Rock.

OD6 Metals has identified high-grade fluorspar at North Horseshoe Canyon in Nevada, with selective rock-chip assays reaching 60% CaF2. The results expand an interpreted 1.5-kilometre target corridor linking the Horseshoe and Big Jim areas, but drilling is still needed to establish continuity, thickness and scale.

OD6 Metals has submitted a Plan of Operations covering up to 139 drill pads and bulk sampling at its Quinn Fluorspar Project in Nevada. The application moves the project towards its first systematic drilling campaign, but approval from the U.S. Forest Service remains outstanding.

QEM has ranked the Vaught-Peck prospect as the leading target at its newly acquired Garden Valley project in Idaho after reviewing historical records of columbite, samarskite and other rare-metal minerals. The opportunity remains prospective rather than proven, with no modern drilling, assays or resource estimate yet reported.

OD6 Metals has extended its Rocket-Big Jim-Spar fluorspar corridor at Quinn in Nevada to approximately 700 metres, with six surface samples returning at least 97% CaF₂ and three reaching 99.9%. The results expand the project’s high-grade story, but remain based on selective rock-chip sampling rather than drilling.

Evion has identified a previously unmined 200m by 200m prospect at its Carp Fluorspar Project in Nevada, just 300m from the historic South Pit. Assays are pending, with geophysical surveys and a potential maiden drilling programme next in line.

OD6 Metals has significantly increased the Mammoth fluorspar target footprint at its Quinn Project in Nevada, revealing broad, high-grade mineralisation with assays up to 85.9% CaF2 and preparing for drilling to define the system's scale.