Latest Nevada News

49 Metals says every hole in its maiden Gold Mountain campaign intersected gold or silver, including a high-grade 27.4-metre interval and a 170.7-metre broad intercept. A second drilling campaign is now testing whether the Adit Zone has the continuity and scale needed to support a maiden mineral resource estimate in 2027.

American Tungsten & Antimony has produced one antimony ingot assaying 99.8% from US-mined material, meeting the highest ASTM B237 grade and exceeding the Regulus II specification. The result comes as the company pursues US government funding and offtake arrangements, although no commitments have been secured and AT4 does not yet control the relevant assets.

Perpetual Resources and adviser GreenMet are assessing several US Government funding and financing pathways for the Nevada Scheelite tungsten project, as Washington prepares tighter defence sourcing rules. The interest is strategic, but no funding has been secured and the project remains without a Mineral Resource or Ore Reserve.

Venari Minerals has exercised its option to acquire a Nevada property and private water entitlement near its Red Mountain Lithium Project for total consideration of US$400,000. The deal addresses a stated development constraint, although completion and the project’s broader economics remain ahead.

OD6 Metals has completed its A$6.92 million placement, issuing 72.84 million new shares and giving the explorer funding to advance Quinn, Splinter Rock and Gulf Creek. The immediate test is whether that capital can translate into approvals, drilling and resource definition.

Altitude Minerals is abandoning its Byrock copper-gold earn-in after disappointing assays and redirecting exploration towards drill-ready silver and gold targets in Nevada. The pivot comes with $817,000 in cash, 1.5 quarters of estimated funding and further capital still to be secured.

49 Metals has started a fully funded 3,500-metre reverse-circulation drilling program at its Gold Mountain project in Nevada, targeting extensions of the Adit Zone discovery. The first assays are expected in roughly four to six weeks, making the next phase a test of whether the broad mineralised system can translate into greater continuity and scale.

OD6 Metals has secured A$6.92 million from institutional and sophisticated investors to advance drilling, bulk sampling and resource definition at its Quinn Fluorspar Project in Nevada. The funding also sets up a proposed rebrand to Adaven, but brings dilution and a substantial package of shareholder approvals.

Fulcrum Lithium has staked 41 additional claims around its Alkali Flats project in Nevada and reported up to 79% lithium extraction from acid-free roast and water-leach tests. The results improve on earlier water-leach work, although they remain below the company’s 93% to 96% sulfuric-acid benchmark and come from scoping-level tests.

ACDC Metals has secured Bureau of Land Management approval for a 15-hole exploration program and a 12 line-kilometre geophysical survey at its Mount Jackson project in Nevada. Field activity is expected to begin in October, with drilling targeted for the fourth quarter of 2026.

Terra Critical Minerals has expanded across tungsten, tin and uranium in three mining jurisdictions, but its FY2026 accounts put the funding challenge front and centre. The ASX-listed explorer ended the year with $336,585 in cash and an auditor-flagged material uncertainty over its ability to continue as a going concern.

Viking Mines has repositioned itself around Nevada tungsten, with Linka producing a 56.9% WO₃ concentrate at 76.0% recovery and gaining approval for a 63-hole maiden drilling programme. The opportunity is advancing, but the company remains loss-making, has no JORC resource at Linka and will need further funding as work accelerates.