Latest Government It News

VRX Silica Limited has achieved a major milestone with the EPA recommending approval for its Arrowsmith North Silica Sand Project, alongside securing $5 million in capital and expanding offtake agreements.

Latitude66 has made significant strides in its flagship KSB Project in Finland, initiating a scoping study and reporting promising exploration results, while also completing the sale of its non-core Australian Sylvania Project.

Everest Metals Corporation reports successful commissioning of its Gekko Gravity Gold Processing Plant at the Revere Gold Project, alongside significant rubidium recovery at Mt Edon and a mining proposal submission for Mt Dimer. The company is well-positioned financially to advance exploration and production activities.

Everest Metals Corporation reported a $299,000 net cash outflow from operations in Q4 2024 but strengthened its cash reserves through equity financing, positioning itself for upcoming gold production from the Revere Bulk Sampling Program.

Cyclone Metals has forged a strategic partnership with Vale S.A. to fund and develop its Iron Bear iron ore project in Canada, marking a major step towards mining decision. The company also completed pilot production of high-grade direct reduction pellets, underscoring the project's technical promise.

Magnum Mining & Exploration Limited has extended its due diligence period for acquiring Palmares Estudos Geologicos LTDA, aiming to complete by March 31, 2025, amid regulatory and ESG documentation delays. The company plans a capital raise to support development of its substantial rare earth projects in Brazil.

Legacy Iron Ore Limited reports robust progress in its December 2024 quarter, highlighted by significant gold intersections at Mount Celia and advancing feasibility studies at Mount Bevan magnetite project.

St Barbara Limited has secured Warden Court hearing dates for early April 2025, marking a pivotal step in renewing its Simberi Mining Lease in Papua New Guinea with strong local stakeholder backing.

Sigma Healthcare has successfully passed all key resolutions at its extraordinary general meeting, clearing a major hurdle for its proposed merger with Chemist Warehouse. The deal now awaits final court approval, with implementation expected in February.

Entyr Limited has ramped up tyre receivals and processing volumes in the December quarter, alongside securing new supply and offtake agreements as it prepares for ASX reinstatement. The company’s ongoing plant upgrades and strategic partnerships signal a potential turnaround in its operational and financial trajectory.

Xstate Resources reports steady oil and gas production while navigating ASX suspension and preparing for capital raising tied to a new project announcement.

Adriatic Metals has transitioned from development to production, delivering strong silver equivalent output in Q4 2024 despite extreme weather disruptions, and has updated its 2025 guidance with ambitious expansion plans.