Latest Offtake And Financing News

Tungsten Mining NL’s Pre-Feasibility Study confirms Mt Mulgine as a world-scale tungsten project, targeting first production in mid-2029 with robust economics and low operating costs.

Canyon Resources has postponed its first bauxite shipment from the Minim Martap project due to a suspension of loan drawdowns by AFG Bank and complications arising from an unsolicited takeover bid. The company is pursuing multiple funding avenues while managing cash carefully amid these setbacks.

Viridis Mining and Minerals completes a Definitive Feasibility Study for its Colossus Rare Earth Project, confirming strong economics and project readiness, while securing $120 million in equity funding to advance into execution.

OD6 Metals consolidates progress across its rare earths, copper, and fluorspar assets with strong resource bases and ongoing development activities in Nevada, Western Australia, and New South Wales.

Brazilian Rare Earths (ASX: BRE) has delivered a striking scoping study for its Rocha da Rocha Rare Earths Province in Brazil, anchored by the Monte Alto deposit’s world-class 11.3% TREO grade, projecting robust economics and a low-cost production path.

Vanadium Resources pivots to a co-production V-Iron Plant at Steelpoortdrift, securing a non-binding offtake with US Vanadium and appointing Rand Merchant Bank to drive project financing.

Meteoric Resources has completed a Definitive Feasibility Study for its Caldeira Rare Earth Project in Brazil, revealing a large, high-grade ionic clay deposit with a 20-plus year mine life and strong financial metrics.

Meteoric Resources has signed a strategic partnership with POSCO International to advance the development and commercial production of rare earths at the Caldeira project in Brazil, aiming to secure a resilient supply chain for Korea.

Brazilian Critical Minerals delivers a robust Bankable Feasibility Study for its Ema rare earth project, showcasing strong economics, a major resource upgrade, and advancing permitting milestones.

Finder Energy is fast-tracking its Kuda Tasi & Jahal offshore development in Timor-Leste, aiming for first oil by late 2027 or early 2028 with strong production forecasts and secured funding.

Centuria Capital Group unveils a vertically integrated AI and data centre strategy through its partnership with ResetData, aiming to capture surging sovereign AI demand amid global supply constraints.

Develop Global’s Pioneer Dome lithium project hits high-grade infill drilling results surpassing resource expectations, setting the stage for a Final Investment Decision next month on an 850,000-tonne DSO operation.