Latest Mineral Exploration And Development News

Vita Resources NL is offering existing shareholders in Australia and New Zealand a free pro-rata bonus issue of options exercisable at $0.056, aiming to enhance shareholder value without impacting cash reserves.

Heavy Rare Earths Limited has appointed Jason Barnett as Managing Director and CEO, aiming to leverage his extensive mining experience as the company advances its critical minerals projects and prepares for a maiden drilling campaign.

IRIS Metals has completed acquisition of 87 federal mining claims in South Dakota but will not proceed with the private land component of the Ingersoll Project due to unforeseen issues. The company is reassessing options while maintaining its broader critical minerals strategy.

American Uranium has launched a $2.59 million entitlement offer with free attaching options, highlighting its robust uranium resources in Wyoming and ongoing drilling plans.

Mandrake Resources has identified overlapping placer claims staked by Utah Brine Corporation, linked to Neometals Ltd, on its Utah Lithium Project tenure. Legal demands have been issued to resolve the dispute, which affects a small portion of Mandrake’s 3.3Mt LCE resource.

Neometals has secured A$7.9 million through a placement and launched a concurrent A$5.1 million entitlement offer to fund gold production at Barrambie and advance lithium exploration in Utah. The capital raise supports a near-term production joint venture and aggressive resource expansion.

High Peak Royalties has secured an upfront A$50,000 option fee from Massive Metals for a 12-month exclusive call option to acquire its Admiral Bay royalty rights, with potential to extend for another year and a total acquisition price of A$2 million.

Reward Minerals Ltd (ASX:RWD) updates on its Newfoundland projects targeting high-grade gold and copper, highlighting multiple priority targets with no historic drilling and imminent maiden drilling planned for 2026.

Eminence Minerals Limited has issued 2.7 million unquoted CEO performance rights as part of a new executive appointment, utilising its 15% placement capacity without shareholder approval.

Hydrocarbon Dynamics Limited (HCD) is set to transform its business by acquiring the Great Bear Copper-Gold-Silver-Uranium Project in Canada, backed by a $5.5 million capital raise and plans to re-list on the ASX under a new name.

PMET Resources has launched a C$137.7 million capital raising via a private flow-through share offer and concurrent placements to fund exploration and development of its Shaakichiuwaanaan lithium project in Quebec.

EV Resources has successfully produced its first metallic antimony ingots from the Los Lirios project in Mexico, validating a low-cost smelting process and advancing its strategy to supply the North American market.