Latest Mining Sector News

Canyon Resources has locked in a US$140 million syndicated credit facility alongside a AU$24.5 million option exercise by a major shareholder, positioning the company to fast-track operations at its Minim Martap Bauxite Project in Cameroon.

Macarthur Minerals has announced a fully underwritten pro-rata rights issue to raise nearly A$2 million, aiming to fund corporate operations and advance strategic options for its Lake Giles Iron Project.

Lykos Metals announces key leadership changes with David Wheeler stepping up as Non-Executive Chair and Petar Tomasevic taking the helm as Interim CEO, signaling a strategic pivot as the company advances in the Balkan region.

Elementos Limited has raised $5 million through a strategic placement to Metals X, accompanied by the appointment of two Metals X executives to its board, signaling a closer partnership and potential strategic alignment.

Lucapa Diamond Company Limited’s shares remain suspended following the appointment of voluntary administrators, highlighting severe financial distress and regulatory breaches.

Lucapa Diamond Company and its subsidiaries have appointed voluntary administrators as they embark on a dual-track recapitalisation and sale process to address financial distress.

Duratec Limited has lowered its FY25 revenue and EBITDA guidance due to project delays and weather disruptions but remains optimistic about a robust pipeline and growth prospects in FY26.

Fortescue Metals Group announces a strategic leadership reshuffle, appointing Agustin 'Gus' Pichot as CEO to spearhead its green energy and decarbonisation initiatives amid evolving market dynamics.

Critica Limited announces the resignation of Managing Director Philippa Leggat, who led key advances in the Jupiter rare earth project. An interim CEO is appointed as the Board begins the search for a permanent successor.

Lycopodium Limited has secured a significant A$40 million contract to deliver engineering and construction management services for Osino’s Twin Hills Gold Project in Namibia, aiming for first gold production in early 2027.

Rapid Lithium Limited has agreed to acquire two high-grade silver projects in New South Wales, adding nearly 35 million silver equivalent ounces to its portfolio. The deal, valued at A$6.5 million, signals a strategic diversification into critical minerals amid a robust silver market.

The Takeovers Panel has issued interim orders compelling Emu NL to submit all proxy forms from its recent extraordinary general meeting, including those disallowed, as part of an ongoing dispute initiated by Wayburn Holdings.