Latest Nevada News

Minerals 260 has emerged from FY26 with a 6.2Moz Bullabulling resource, a maiden 2.5Moz reserve and a pre-feasibility study pointing to a 19-year gold operation. The project is now moving into definitive feasibility, but debt funding, approvals and a final investment decision remain ahead.

Venari Minerals has moved Red Mountain from grassroots discovery to a 3.03Mt lithium carbonate equivalent inferred resource, backed by 99.5% battery-grade lithium carbonate test work. The next test is commercial rather than geological, with drilling, permitting and a planned Scoping Study now competing against a large loss and ongoing funding needs.

G50 Corp has moved from early-stage exploration towards a two-project drilling campaign, backed by a post-year-end A$26.25 million placement. The company remains loss-making and reliant on exploration success, but says the capital allows uninterrupted work at its Arizona and Nevada projects.

American Tungsten & Antimony has paired a sharply higher FY2026 loss with its most consequential strategic step yet: a proposed US mine-to-metal chain anchored by the Del Sol refinery. The acquisition remains unfinished, but the company has produced antimony ingot from Arizona mine material and ended the year with $19.5 million in cash.

Core Energy Minerals has expanded into an advanced Namibian uranium joint venture, but its annual report flags a material uncertainty over continued operations. The explorer reported a $3.369 million loss, $469,346 in cash and a $1.49 million working-capital deficit for 2026.

PolarX Limited (ASX:PXX) has reported a year of high-grade exploration results across Alaska and Nevada, led by a 24.8-metre copper intercept grading 9.8% at Caribou Dome. The company ended FY2026 with A$10.0 million in cash, but remains loss-making and dependent on future funding and exploration success.

Jindalee Lithium has advanced its proposed US Elemental Nasdaq listing and prepared to launch major drilling at McDermitt, but its audited FY26 accounts flag a material uncertainty over ongoing funding. The company ended June with A$13.6 million in cash after raising about A$20.4 million, while reporting a A$7.2 million loss and no operating revenue.

ACDC Metals enters FY27 with a larger Nevada exploration footprint and a 10-year licence over its Goschen Central rare earths project, but a sharply higher annual loss and ongoing funding needs remain part of the picture. The company plans up to 2,500 metres of reverse-circulation drilling at Mount Jackson in Q4 CY2026.

Mammoth Minerals expanded its Nevada exploration portfolio and drilled more than 21,000 metres at the Buster Trend, but its FY2026 report also highlights a material uncertainty over its ability to continue as a going concern. The company posted a larger loss and remains dependent on future equity funding to sustain exploration.

West Cobar Metals ended FY2026 with more cash but a larger loss and an auditor-highlighted material uncertainty over its ability to continue without further funding. Exploration advanced across Salazar and Cobar West, but the company remains dependent on equity markets to keep its programmes moving.

Western Ridge Resources reported a $12.22 million loss for the year ended 30 June 2026, with cash falling to $407,860 and its auditor warning of a material uncertainty over the company’s ability to continue as a going concern. The company is now relying on Keystone drilling and further funding to advance its Nevada exploration strategy.

Fulcrum Lithium has delivered a 10.7 million tonne lithium carbonate equivalent maiden resource at Alkali Flats, but its auditor has warned that additional funding is needed to sustain exploration. Cash fell to $1.58 million at 30 June 2026 as the company advanced drilling, metallurgy and resource modelling in Nevada.