Latest Offtake Agreements News

Australian Silica Quartz Group (ASQ) reports promising kaolin beneficiation results from its White Swan Project, with dry processing boosting kaolinite content to 83% and early ceramic tests confirming product quality. Chinese market feedback signals robust demand amid dwindling domestic supplies.

Wildcat Resources made significant strides in its Pilbara lithium projects during the June 2026 quarter, expanding the Tabba Tabba DFS scope and confirming robust metallurgical recoveries at both Tabba Tabba and Bolt Cutter Central. The company ended the quarter with a solid cash position of $37.2 million.

Sheffield Resources reported a 20% rise in ore mined and an 11% increase in concentrate production at its Thunderbird Mine, alongside an 8% jump in zircon prices amid improving market conditions.

Prairie Lithium has advanced its Saskatchewan lithium project with the delivery of North America’s largest commercial Direct Lithium Extraction unit and a binding offtake agreement securing 100% of Phase 1 production.

Iluka Resources reported a rebound in zircon sales and prices in Q2 2026, while advancing its Eneabba rare earths refinery to nearly 60% completion and securing a key rare earths offtake deal.

Deterra Royalties reported a record A$61.8 million iron ore royalty revenue from Mining Area C in the June 2026 quarter, alongside significant progress at the Thacker Pass lithium project with US$1.21 billion drawn from a US Department of Energy loan.

Anax Metals has kicked off Front-End Engineering Design for its Whim Creek Copper Project, setting the stage for a Final Investment Decision by the end of 2026. The project, boasting a robust DFS with a pre-tax NPV7 of A$501 million and a 98% IRR, moves closer to construction amid ongoing financing talks.

Bannerman Energy advances Etango uranium project with early works on track and CNNC Overseas Limited investment nearing completion, targeting a positive Final Investment Decision in Q3 2026.

Evolution Mining (ASX: EVN) is set to acquire Carnaby Resources (ASX: CNB) in a $213 million deal that expands its copper production pipeline near Ernest Henry, leveraging existing infrastructure and latent mill capacity.

Evolution Mining has agreed to acquire Carnaby Resources via a scheme of arrangement valuing Carnaby at around A$213 million, delivering a 60% premium to shareholders and aiming to de-risk the Greater Duchess project.

Talga Group has taken a significant step toward securing long-term supply and investment for its Vittangi Anode Project by signing a non-binding Letter of Intent with Japan’s Hanwa. The agreement targets binding contracts by year-end, reinforcing Talga’s foothold in the global battery materials market.

Hastings Technology Metals has accelerated its downstream rare earths strategy by progressing a 49% stake in a Thai hydrometallurgical plant, securing feedstock and doubling planned capacity. An updated Yangibana DFS reveals robust economics, underpinning near-term production and cash flow.