Latest Joint Venture News

Alara Resources (ASX:AUQ) is seeking to raise $3.84 million through a pro-rata non-renounceable entitlement offer, partially underwritten by major shareholder ATI. The funds will primarily support exploration and working capital amid ongoing operational progress at its Oman copper projects.

Ioneer has signed non-binding MOUs with Korea’s KIND and Hyundai Engineering, edging closer to a Final Investment Decision for its Rhyolite Ridge lithium-boron project in Nevada.

Culpeo Minerals (ASX:CPO) has launched a pro-rata entitlement issue of approximately 198 million unlisted options, aiming to raise nearly A$500,000 to fund accelerated copper exploration in Chile. The options offer a low exercise price and long expiry, providing shareholders with leveraged exposure to the company’s drilling programs at El Quillay and Vista Montana.

Nexus Minerals has acquired Northern Star’s remaining 10% stake in the Pinnacles Gold Project, boosting its ownership to 100% and ending the joint venture. The deal includes a 1.5% net smelter return royalty payable to Northern Star, with an option to buy back part of it.

DeSoto Resources and Fortuna Mining’s joint venture High Guinea Gold has locked in a seven-project gold exploration package covering 591.43 square kilometres in Guinea’s prolific Siguiri Basin, marking a key step in their alliance’s expansion strategy.

Temas Resources has filed a new patent for its proprietary Regenerative Chloride Leach (RCL) process targeting vanadium extraction, broadening its critical minerals technology portfolio and reinforcing its commercial licensing ambitions.

Sibelco Silica Pty Ltd has exercised its call option to inject an additional $4.4 million into the Diatreme joint venture, restoring ownership stakes and supporting key project milestones for the Northern Silica Project in Far North Queensland.

Legend Mining advances gold exploration at its Pinnacle Well Project, confirming extensive hydrothermal alteration and coincident IP anomalies at Pyrophyllite Hill and Alpha North, with drilling set to follow heritage surveys.

Venus Metals (ASX:VMC) is set to distribute 25 million Rox Resources shares to shareholders and signals a potential $35 million cash dividend following its Youanmi royalty sale.

First Graphene has signed an MOU with Sixth Element to distribute its PureGRAPH® CEM additive across China, with potential for local manufacturing via a joint venture once sales milestones are met.

European Lithium and Critical Metals Corp. have amended their merger agreement, introducing a sale facility option for small shareholders and switching to direct share issuance, aiming for scheme implementation in October 2026.

Echelon Resources has finalised its exit from Cue Energy Resources following Horizon Oil's takeover, converting its Cue shares into cash and Horizon stock while cutting debt.