Latest Joint Venture News

Alcoa Corporation reported a net income of $232 million for Q3 2025, driven by strategic asset sales and operational milestones including the permanent closure of its Kwinana alumina refinery and the sale of its Saudi Arabia joint venture stake.

Novo Resources Corp. reported a reduced net loss of CAD 9.7 million for the nine months to September 2025, supported by lower operating cash outflows and a significant post-period sale of San Cristobel Mining shares. The company maintains a cautious outlook amid ongoing funding needs.

Miramar Resources advances its exploration portfolio with a new joint venture with Sumitomo Metal Mining and promising drilling results at key projects in Western Australia.

West Coast Silver has reported spectacular high-grade silver intercepts at its Elizabeth Hill project in the Pilbara, triggering a fully funded Phase 2 drilling campaign. The company closed the quarter with a strong cash position following a $6.1 million placement.

QX Resources has confirmed promising historical uranium grades at its Madaba Project in Tanzania and progressed gold exploration in Queensland, while securing a strategic farm-out for its Pilbara iron ore rights.

ENRG Elements Limited has completed a $1.6 million entitlement offer while advancing a strategic review of its portfolio, including relinquishing Canadian lithium licenses and focusing on uranium and copper assets.

Southern Hemisphere Mining has commenced its maiden drilling program at the Southern Porphyry target and updated its Llahuin Copper-Gold-Molybdenum Project resource to 218 million tonnes at 0.38% copper equivalent.

Triangle Energy (Global) Limited has amended its quarterly cash flow report to correct key figures while advancing new permits in the Philippines and progressing the transition of its Cliff Head Oil Field to a carbon capture and storage project.

Hydrocarbon Dynamics Limited has reactivated its North Sea trial and completed a fully underwritten rights issue raising $718,741, while advancing multiple international projects and exploring new energy ventures.

Macro Metals Limited has bolstered its financial position with a $2 million capital raise while making significant progress across its iron ore and construction sand projects, underpinned by strong Indigenous joint ventures and mining services development.

Triangle Energy (Global) Limited has secured three new permits in the Philippines, advancing its gas exploration portfolio while navigating joint venture withdrawals in Australia and finalising the sale of its Cliff Head onshore assets.

Diatreme Resources reported progress on its Northern Silica Project with key regulatory approvals and metallurgical successes, while agreeing to sell its Clermont Copper/Gold Project to Moonlight Resources, retaining a significant stake.