Latest Montana News

Olympio Metals has extended the Bousquet gold system to 1.3 kilometres while its maiden Jacknife silver drilling campaign gathers pace in Idaho. The exploration progress comes with a sharper funding question: A$1.178 million in cash covered just 0.98 quarters of reported outgoings at 30 September.

Sentinel Metals has completed its first 15-hole Columbia drilling program, with fire assays confirming a broad high-grade intercept and extending mineralisation beyond the existing pit shell. The company will now turn to a November Mineral Resource update while advancing its newly acquired 1.01Moz Big Springs project in Nevada.

SQX Resources has completed a fully underwritten $2.47 million entitlement offer, leaving it with $2.40 million in cash to advance exploration across its US gold portfolio. Red Bird resource work is progressing while Williams assays are expected in the December quarter.

Stellar Resources has lifted its Heemskirk tin inventory to 115.3kt of contained tin, while post-quarter drilling has identified mineralisation outside the Severn resource that could connect with the high-grade Montana deposit. The company is now folding those possibilities into a prefeasibility study targeted for the first half of 2027.

Canadian Phosphate has completed 18 Wapiti drill holes and visually traced its phosphate Main Zone across approximately 9km, although laboratory assays are still pending. The company has also completed its Utah acquisition, reported stronger rock phosphate orders and ended September with $3.144 million in cash.

Pro Medicus has signed a seven-year, A$24 million contract with Billings Clinic - Logan Health for a cloud-based deployment of its Visage 7 imaging platform. The transaction-based structure offers potential additional upside, although the announcement does not quantify future volumes or revenue timing.

Stellar Resources has intersected high-grade tin 150 metres north of its Severn resource, strengthening the geological case for a connection with the Montana deposit. Follow-up drilling is underway, but any resource or production uplift remains unconfirmed.

SQX Resources Limited (ASX:SQX) has emerged from a transformational year with two advanced US gold projects, broad shallow mineralisation at Red Bird and exceptional underground assays at Williams. The exploration gains came alongside a $1.83 million loss, falling cash and a further $2.47 million capital raising completed after year-end.

Red Mountain Mining’s annual report shows a sharp rise in losses and continued reliance on equity funding, with auditors flagging material uncertainty over the company’s ability to continue as a going concern. Exploration has expanded across antimony, tungsten and gold projects, but the portfolio remains dependent on future funding and successful drilling.

Omnia Metals has shifted its exploration focus to US antimony, silver, rare earths and gallium projects, backed by $3.1 million in equity raisings. Early Montana sampling produced follow-up targets, but the company remains loss-making and says the results are reconnaissance-scale rather than evidence of a resource.

SQX Resources has raised $2.468 million before costs through a fully underwritten entitlement offer, with most new shares to be issued to the underwriter and sub-underwriters. The capital will fund exploration across its US and Queensland projects, but the deal will also expand the share count by almost 37.5%.

Sentinel Metals has reported broad, stacked gold mineralisation at its Columbia project in Montana, including a 48-metre intercept at 1.13g/t gold. Fire assays have also confirmed the company’s earlier high-grade maiden-hole result, while a November resource update now looms as the key test.