Latest Metals News

Zinc of Ireland NL has applied for a new exploration licence in Western Australia's Murchison region, signaling a strategic pivot towards gold while refining its zinc and lead assets in Ireland and exiting Canadian holdings.

Hastings Technology Metals has secured a strategic non-binding MOU with Saudi Arabia’s Ministry of Investment to explore a rare earths processing facility, while reporting encouraging developments at its Yangibana Project and maintaining solid financial footing.

Hastings Technology Metals Ltd reported a $2.29 million net cash outflow from operating activities in the December 2024 quarter, alongside significant capital expenditure and new borrowings, highlighting a critical phase in its project development.

European Lithium Limited has made significant strides in Q4 2024, acquiring the Leinster Lithium Project in Ireland and reporting promising high-grade rare earth results from its Greenland drilling program.

Oakajee Corporation’s recent auger drilling at the Paynes Find Gold Project yielded disappointing results, with low gold and copper assays suggesting the alluvial cover remains a significant barrier to effective sampling.

Hawthorn Resources has completed a pivotal Pre-Feasibility Study for its Mt Bevan Magnetite project and strategically converted its equity stake into a royalty, positioning the company for future value capture amid evolving market dynamics.

Inca Minerals Limited reported steady progress in its December 2024 quarterly activities, focusing on refining exploration targets and securing funding while navigating regulatory and operational challenges.

Tempest Minerals reports maiden drilling success at its Remorse target, revealing significant high-grade magnetite and base metal anomalies with an initial exploration target of up to 110 million tonnes at 30-32% iron.

Recharge Metals has completed the acquisition of the Carter Uranium Project in Montana, USA, adding significant high-grade uranium resources to its portfolio and appointing a seasoned uranium expert to its board.

NewPeak Metals has acquired the Allaru Vanadium Project in Queensland, marking a strategic pivot into critical minerals, supported by a planned $2–3 million capital raise via rights issue.

West Cobar Metals reports significant resource expansions at its Salazar project alongside promising copper-antimony test results at Bulla Park, while aggressively trimming costs to extend its runway.

Magnum Mining and Exploration Limited moves forward with acquiring two promising rare earth element projects in Brazil while progressing negotiations on a green pig iron venture in Saudi Arabia.