Latest Offtake News

Horizon Oil achieved record production and sales in FY26, driven by its Thailand assets, and completed the off-market takeover of Cue Energy, expanding its footprint across five countries.

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.

Canadian Phosphate has secured a five-year exploration permit for its Wapiti Phosphate Project and commenced a 3,000m drilling campaign, while progressing the pending acquisition of the Diamond Mountain Project in Utah. A $5.2 million capital raise positions the company to accelerate its North American phosphate ambitions.

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.

Green Technology Metals (ASX: GT1) completed an A$11 million recapitalisation, advancing its Seymour Lithium Project DFS, permitting, and financing efforts with a target Final Investment Decision in 2027.

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.

Akora Resources has successfully raised $3.3 million through a placement and entitlement offer, advancing its high-grade Bekisopa iron ore project in Madagascar following a key mining permit grant.

Element 25 is on track to commission its Butcherbird manganese expansion in early 2027, while securing a substantial US Department of Energy grant to support its US battery materials facility.

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.

Elevra Lithium’s North American Lithium operation hit a new monthly spodumene concentrate production record in May 2026 while closing a US$298 million financing package to fund expansion and project development.