Latest Offtake Agreements News

Carnaby Resources has announced a significant update to its Greater Duchess Copper Gold Project, reporting a 10% increase in total mineral resources and a 49% rise in indicated resources. With the Pre-Feasibility Study nearing completion and binding agreements in place, the company targets first ore production in the second half of 2026.

Brazilian Critical Minerals has reported significant progress at its Ema rare earths project, producing a high-grade rare earth carbonate rich in critical magnet metals and advancing key drilling, permitting, and feasibility milestones.

Condor Energy Limited has advanced its offshore Peru portfolio with a new high-potential oil prospect and a strategic gas offtake agreement, positioning itself for future commercialisation in a promising basin.

NH3 Clean Energy has marked significant progress in its WAH2 clean ammonia project, securing major offtake agreements and government facilitation support alongside a $4 million institutional funding round.

Core Lithium has unveiled an optimised mine plan for its Grants deposit that promises earlier ore production and a $35-45 million reduction in pre-production capital. The company also reported a significant increase in its Finniss Project Ore Reserve and is advancing towards a Final Investment Decision amid improved lithium market conditions.

St George Mining has extended its strategic alliance with US rare earths processor REalloys to finalise potential offtake agreements for high-grade rare earths from the Araxá Project in Brazil. This move aligns with US efforts to build independent rare earth supply chains critical for defence and green technologies.

VHM Limited has made significant strides in developing its Goschen Rare Earths and Mineral Sands Project, securing substantial funding and critical regulatory approvals while expanding its resource base.

ACDC Metals is progressing hydrometallurgical testwork on its Goschen Central rare earth project and advancing its White Hills gold exploration licence, aligning with Australia's new $1.2 billion Critical Minerals Strategic Reserve.

Blue Star Helium has achieved its first helium production at the Galactica Project, marking a key milestone as it optimizes plant operations and prepares for commercial ramp-up.

VRX Silica Limited has locked in six binding offtake contracts totaling nearly 1 million tonnes per annum and appointed a new CEO, marking significant progress for its Arrowsmith North silica sand project.

Tungsten Mining NL advances its Mt Mulgine project with a robust scoping study, revealing a globally significant multi-critical mineral deposit poised to meet soaring tungsten demand amid supply constraints.

Syrah Resources and Tesla have agreed to extend the cure date for an alleged default under their offtake agreement to March 2026, buying time to resolve ongoing qualification issues at Syrah’s Vidalia facility.