Latest Metals News

IRIS Metals has agreed to sell its Kookynie Gold Project to Arika Resources, securing cash and equity to fuel its lithium ambitions in the US. This strategic move realigns IRIS’s portfolio towards critical minerals while retaining exposure to Kookynie through Arika shares.

TechGen Metals has completed a heritage clearance survey at its Blue Devil Project in Western Australia, revealing new high-grade copper and gold structural zones and setting the stage for targeted geophysical surveys and drilling.

Terra Metals has raised $15 million through an institutional placement led by cornerstone investors to fast-track exploration and development at its polymetallic Dante Project in Western Australia.

Lynas Rare Earths has launched a fully underwritten A$750 million equity raising to fund its ambitious Towards 2030 growth strategy, aiming to expand rare earths production and downstream capabilities outside China.

Lynas Rare Earths reported FY25 results featuring record NdPr output and the first commercial heavy rare earths production outside China, alongside a $750 million equity raise to fund its ambitious Towards 2030 growth strategy.

Lynas Rare Earths reports FY25 revenue growth amid profit decline, completes major capital projects, and launches a $750 million equity raise to fund its expansive Towards 2030 strategy.

Moonlight Resources, partly owned by Lithium Plus Minerals, plans to acquire the Clermont Gold Project and pursue an ASX listing, aiming to become a focused gold and critical minerals explorer.

South32 reported a robust turnaround in FY25 with a profit after tax of US$213 million and underlying earnings of US$666 million, driven by operational gains and strategic portfolio shifts. The company also advanced construction at its Hermosa project and maintained a strong balance sheet with net cash of US$123 million.

Vulcan Steel has successfully completed its institutional entitlement offer, raising A$59.4 million to fund the acquisition of Roofing Industries Limited. The retail entitlement offer opens next week, inviting eligible shareholders to participate under the same terms.

Sandfire Resources delivered a standout FY25 with a 12% rise in copper equivalent production and a 46% jump in underlying EBITDA, while slashing net debt by 69%. The company sets a confident FY26 outlook with modest production growth and continued capital discipline.

Everest Metals has received $150,000 from the Minerals Research Institute of Western Australia to advance rubidium extraction at its Mt Edon project, aiming to establish Australia’s first commercial rubidium industry and reduce reliance on Chinese supply chains.

Hammer Metals has identified several promising gold and copper anomalies across its Mount Isa Project in Queensland, confirming extensive mineralisation and setting the stage for targeted drilling.