Latest Metals News

Australian Strategic Materials has initiated a $3 million underwritten Share Purchase Plan to accelerate its US metallisation expansion and boost capabilities at its Korean Metals Plant, signaling a strategic push amid shifting global supply dynamics.

Verity Resources has commenced an auger drilling program at its Pimenta Project in Brazil, targeting a 20km mineralised zone rich in rare earth elements, gallium, and titanium. Early surface sampling suggests the potential for a significant critical metals discovery.

FireFly Metals has completed the initial tranches of a major equity raising, securing A$66 million to advance its high-grade copper-gold projects in Canada. The company’s fundraising includes a charity flow-through placement and institutional placement, setting the stage for further capital raises.

Boab Metals has raised A$6 million through a placement to advance its Sorby Hills lead-silver-zinc project, aiming to accelerate pre-development and exploration activities ahead of a final investment decision.

Zenith Minerals Limited has had its trading suspension lifted immediately following the release of a rights issue announcement, signaling a key capital raising move.

TechGen Metals has commenced an Induced Polarisation survey at its Mt Boggola Project, targeting a significant copper-gold-antimony anomaly with impressive rock chip grades. The survey results will guide future drilling decisions in this geologically promising Western Australian region.

Nimy Resources reports impressive high-grade gallium assay results from initial Phase 2 drilling at its Block 3 project in Western Australia, reinforcing its potential as a standalone gallium source.

EQ Resources has repaid €5 million of debt for its Spanish subsidiary Saloro, reducing its debt burden by 25% while extending remaining credit facilities. The company also reports record production and positive EBITDA forecasts at its Barruecopardo tungsten mine.

Southern Cross Gold Consolidated Ltd reports exceptional high-grade gold and antimony results from its Sunday Creek project, including a remarkable 3.9-meter intercept grading 124.6 g/t gold and assays reaching 2,110 g/t. The findings validate the company's systematic infill drilling strategy and reveal new mineralized zones, enhancing the project's strategic value amid global antimony supply constraints.

IRIS Metals has reported promising high-grade lithium intersections from its Phase I drilling at the Edison Project in South Dakota, reinforcing its strategy to develop a centralized lithium processing hub in the US.

Lunnon Metals has completed a detailed Scoping Study for its Lady Herial gold deposit, confirming a short-life, high-grade open pit opportunity with strong financial prospects. The study, based largely on Measured and Indicated Resources, sets the stage for commercial negotiations with Gold Fields and potential near-term production.

Octava Minerals reports encouraging early-stage bioleaching results from CSIRO on its Byro REE and lithium project, signaling potential for cost-effective and environmentally friendly metal extraction.