Latest Minerals Exploration News

Power Minerals Limited updates its acquisition of the Gamma Heavy Rare Earths Project in California, clarifying historical data limitations and securing $4.1 million to fund exploration activities.

Terrain Minerals has successfully raised $1.32 million through a share placement to fund exploration at its Smokebush Project, targeting high-grade gold and silver deposits.

Renascor Resources has secured drilling approvals for its Bulloo Creek copper-cobalt-gold prospects and confirmed high-grade rare earth elements at Tumby Bay, while progressing uranium-copper targets at Marree.

Metal Bank Limited has successfully closed a $2.42 million entitlement offer, bolstering its capacity to advance gold projects in Western Australia and critical minerals exploration in Queensland.

Mount Hope Mining Limited launches a $1.25 million Share Purchase Plan at $0.20 per share, matching a recent placement, to fund drilling and land acquisitions at its Mount Hope Project.

Encounter Resources has completed the first tranche of its $25 million share placement, raising approximately $24.5 million to advance its mineral exploration projects. The second tranche, involving shares to a company director, awaits shareholder approval.

EnergyX’s share price hike to US$11 signals renewed investor confidence and a lithium market rebound, increasing Pantera Lithium’s holding value by A$5.4 million.

Tivan Limited has secured six new exploration licenses in Timor-Leste, boosting its critical minerals portfolio with copper, cobalt, and gold prospects. The $500,000 deal complements its existing Turiscai Project and positions the company for accelerated exploration in a largely untapped region.

Summit Minerals has closed its entitlement offer with just over a third of shares taken up, leaving a significant shortfall to be allocated by the underwriter. The funds raised will support exploration in Brazil and corporate activities.

McLaren Minerals Limited has announced a fully underwritten non-renounceable pro-rata entitlement offer to raise approximately $3.6 million, issuing new shares at 1.8 cents each with free-attaching options. The capital raise aims to fund exploration and development activities as the company advances its mining projects.

Infini Resources Limited has launched a non-renounceable pro-rata entitlement offer to raise approximately A$533,000 through Loyalty Options, alongside a separate allocation of 6 million options to its Joint Lead Managers. The capital raise aims to support ongoing exploration activities amid a complex risk landscape.

Lodestar Minerals reports promising gold drilling results at Ned’s Creek, advances exploration in Chile, and announces a strategic acquisition of a US rare earth project.