Latest Permanent Magnets News

Meteoric Resources has significantly boosted its Caldeira Rare Earth Project with a 246% increase in Measured Resources and pilot plant recoveries surpassing pre-feasibility targets, backed by a $40 million capital raise and advancing environmental approvals.

Lynas Rare Earths posted a record A$288.9 million in quarterly sales for Q4 FY26, driven by higher prices and heavy rare earth sales. The company advanced its Malaysia heavy rare earth facility despite a cost surge and appointed Pol Le Roux as interim CEO.

Pure Resources has achieved a key early milestone with Oak Ridge National Laboratory confirming the recovery of heavy rare earth elements from garnet concentrate at its Garnet Hills Project. While still at proof-of-concept stage, this validates the potential for a new source of critical minerals.

European Resources Limited has boosted its Korsnäs rare earth project with a 15.4 million tonne Inferred Mineral Resource and promising metallurgical advances, while new seismic anomalies open fresh exploration avenues.

Brazilian Rare Earths (ASX: BRE) reports standout drill results with 1.3m at 10.9% TREO including 5.8% Y2O3, expanding its Monte Alto District rare earth footprint in Bahia, Brazil.

Magnum Mining has reported compelling assay and desorption results from its Piracanjuba North rare earth element project in Brazil, expanding the geophysical target footprint and advancing drilling towards an Exploration Target and JORC Resource.

Lynas Rare Earths has deepened its footprint in Southeast Asia with a strategic A$50 million investment in JS Link’s new magnet factory in Malaysia, aiming to capture growth in automotive and renewable sectors.

Piche Resources has identified extensive high-grade rare earth mineralisation enriched in critical magnet rare earth elements across a 30 km strike at its Ashburton Project, alongside significant uranium prospects.

St George Mining delivers a new benchmark intercept of nearly 200 metres of continuous high-grade rare earths and niobium from surface at its Araxá project, reinforcing its scale and open-pit potential.

Terrain Minerals has reported compelling assay results from 35 air core holes at its Lort River Rare Earths Project in Western Australia, revealing a broad, shallow clay-hosted rare earth system with standout high-grade intervals and significant heavy rare earth proportions.

Gold Mountain Limited has reported robust assay results from thirteen diamond drill holes at its Irajuba IR-1 Prospect, expanding the rare earth mineralised footprint beyond initial targets to over 1.2 kilometres.

Axel REE has confirmed that its Woolrich deposit in Brazil is amenable to in situ recovery (ISR) using a mild magnesium sulphate solution, recovering high-grade rare earths with low impurities. This breakthrough supports the design of field-scale ISR tests planned for late 2026.