Latest Mining Sector News

Janus Electric has secured a A$10 million order from US fleet Ability Tri-Modal, lifting its North American diesel-to-electric truck conversions to 45 and advancing commercial rollouts in Canada and Australia.

Magnum Mining has secured Jack Lifton, a globally recognised rare earth expert, to steer business development as it advances its Piracanjuba North drilling campaign in Brazil.

Vault Minerals is set to terminate its scheme implementation deed with Regis Resources following Regis's decision not to match a superior offer from Genesis Minerals. Vault will pay a $50.7 million break fee to Regis as it moves to finalise the Genesis acquisition.

Great Northern Minerals has uncovered four undrilled chargeability anomalies at its Iron Butte Gold-Silver Project in Nevada, setting the stage for a maiden drilling campaign aimed at expanding the existing resource.

Xingye Gold has increased its takeover bid for Far East Gold to $0.15 per share, conditional on securing majority ownership by 21 July 2026, and extended the offer period to 29 July. The improved price offers a significant premium amid ongoing project and financial risks at Far East Gold.

Catalyst Metals has secured forward contracts for 30,000 ounces of gold at a fixed price of A$6,075 per ounce, covering about a quarter of its upcoming production and providing a buffer against price swings starting August 2026.

C29 Metals has announced the immediate resignation of Managing Director Shannon Green, with CFO Ailsa Osborne appointed as an interim Executive Director while the company searches for a replacement.

West African Resources delivered 125,179 ounces of gold in Q2 2026, maintaining momentum toward its full-year guidance amid ongoing permitting hurdles and a major equity transaction at Kiaka.

Genesis Minerals has disrupted the proposed Vault-Regis merger with a superior $5.6 billion takeover bid, offering Vault shareholders a mix of cash and shares. Regis Resources meanwhile reported strong FY26 production hitting the top end of guidance, underpinning its robust cash position.

European Lithium and Critical Metals Corp. have amended their merger agreement, introducing a sale facility option for small shareholders and switching to direct share issuance, aiming for scheme implementation in October 2026.

Neu Horizon Uranium Limited, formerly Tasmania Data Infrastructure, has pivoted from bitcoin mining to uranium exploration in Sweden, reporting a reduced loss for FY25 while progressing towards an ASX listing and expanding its footprint into Canadian mineral claims.

KGL Resources has launched a $120 million entitlement offer at $0.20 per share, part of a $300 million capital raise to fund the Jervois Copper Project. The offer is underwritten except for pre-commitments from major shareholders, with new shares expected to be issued late July.