Latest Metals And Mining News

IGO Limited has reported a dramatic downturn in its financial results for the year ended June 2025, with revenue plunging 60% and a net loss nearing $1 billion. The company also suspended dividends as net tangible assets per share fell sharply.

High-Tech Metals Limited has successfully completed the placement of the shortfall from its recent entitlement issue, raising approximately $1 million before costs through new shares and listed options.

Everest Metals Corporation has raised $4 million through a share placement to advance its gold and critical minerals projects in Western Australia, including pioneering rubidium extraction technology.

SSH Group has completed a $2.75 million placement and secured quotation of new options, positioning itself to accelerate growth across its mining, civil, and construction divisions.

MAC Copper has sent out its Scheme Circular detailing the proposed acquisition by Harmony Gold, setting the stage for shareholder votes on August 29, 2025. The MAC board unanimously recommends approval in the absence of a superior offer.

Venus Metals Corporation has made significant progress at its Bellchambers Gold Project with the granting of a mining lease and encouraging drilling results, while advancing base metals exploration at Youanmi.

Resolution Minerals is set to begin its first exploration program at the Horse Heaven Project in Idaho, targeting gold, antimony, silver, and tungsten near a major US mining operation.

High-Tech Metals Limited has appointed Tyler Formica to its board following a $2.5 million capital raise, while the company begins its search for a new CEO after not extending Warren Thorne's contract.

Lode Resources has announced a maiden Mineral Resource Estimate for its Webbs Consol project in New South Wales, revealing a high-grade silver equivalent resource of 32 million ounces. The estimate confirms the project's potential with strong grades and promising metallurgical recoveries.

Challenger Gold has completed a Pre-Feasibility Study for toll milling at its Hualilan Gold Project, revealing strong economics, low capital requirements, and a swift payback period. The study underscores the project's potential to generate significant cash flow over three years through a toll milling arrangement with Austral Gold.

High-Tech Metals Limited has successfully completed a modest capital raise through a non-renounceable entitlement offer, issuing shares at $0.15 each alongside free attaching options. The company now holds discretion over a significant shortfall placement, which could influence its capital structure in the coming months.

Lykos Metals announces key leadership changes with David Wheeler stepping up as Non-Executive Chair and Petar Tomasevic taking the helm as Interim CEO, signaling a strategic pivot as the company advances in the Balkan region.