Latest Minerals Development News

American Tungsten & Antimony Ltd (ASX: AT4) has joined the U.S. Defense Industrial Base Consortium, unlocking direct access to Department of War programs and funding opportunities for its antimony and tungsten projects. The company will leverage this to advance its U.S.-focused supply chain ambitions, highlighted by a critical minerals event in Utah this May.

Botala Energy has secured a significant A$1.45 million investment from a new African cornerstone shareholder, lifting regional ownership to around 12% and supporting ongoing drilling and feasibility work at its Serowe Coal Bed Methane project.

QEM Limited is set to acquire two past-producing critical mineral projects in Idaho, backed by a $2.645 million placement. The move aligns with US efforts to secure domestic supplies of fluorspar, tungsten, and niobium amid global supply chain vulnerabilities.

Pioneer Minerals has submitted a crucial Plan of Operations to the US Forest Service, paving the way for drilling at its Springfield Prospect in Idaho. The program targets tungsten, gold, and gallium mineralisation, marking a significant step toward project development.

Jindalee Lithium Limited's US subsidiary, HiTech Minerals, has signed a binding agreement with Constellation Acquisition Corp I to form US Elemental Inc., a NASDAQ-listed company holding the McDermitt Lithium Project. The transaction values the new entity at approximately US$571 million enterprise value, with Jindalee retaining majority ownership.

Locksley Resources has initiated a four-hole diamond drilling program at its El Campo Rare Earth Element Prospect within the Mojave Project, aiming to test high-grade mineralisation continuity near a major US REE mine.

Critical Resources Limited has initiated ground exploration at its Lammerlaw and Croesus projects in New Zealand, focusing on historically significant gold, antimony, and tungsten mineralisation. The company highlights exceptional historic tungsten grades up to 42.6% WO3 and a multi-kilometre gold-antimony trend, with initial results expected in the coming months.

Macarthur Minerals Limited (ASX:MIO) has completed a placement issuing 50 million shares and 25 million options, introducing Destec Holdings Pty Ltd as a new major shareholder. The funds will support tenement maintenance, working capital, and project advancement at the Lake Giles Iron Project.

Pioneer Minerals has signed a non-binding MOU with Mineral Technologies USA to collaborate on tungsten beneficiation and gallium recovery at its Springfield Project in Idaho, aiming to support US critical mineral supply chains and progress towards potential near-term production.

Since its October 2025 ASX IPO, Temas Resources has made significant strides in commercialising its proprietary metallurgical technology and advancing its Québec mineral projects, supported by solid financial reserves.

Red Metal Limited is set to distribute the majority of its 35.2% stake in Maronan Metals to shareholders, aiming to boost liquidity and allow investors to directly engage with Maronan’s promising silver project.

Tivan Limited has committed up to $1 million over four years to support Indigenous communities through a partnership with the Central Land Council, reinforcing its responsible mining approach in Central Australia.