Latest Potash News

Neometals Ltd reveals ongoing delays in receiving A$5 million from Omaha Value Holdings for its Tranche 2 placement, with subscription funds now expected in multiple instalments. The company maintains its cash preservation measures amid uncertainty over final settlement timing.

Kore Potash has updated shareholders at its 2026 AGM that its formal sale process now involves two parties after one withdrew earlier this year. The company cautions that no offers are guaranteed.

Neometals Ltd has yet to receive A$5 million from its key investor Omaha Value Holdings for the second tranche of its placement, prompting a temporary cash preservation strategy while the company awaits funds by 30 June 2026.

LE Minerals has significantly expanded its White Plains Lithium Brine Project in Utah by securing an additional 2,340 hectares of mineral leases, boosting its total landholding to around 8,520 hectares. The company now holds exclusive rights to explore lithium and other mineral salts for three years, with the option to enter a 10-year extraction lease thereafter.

Reward Minerals has kicked off field activities at its Mountain Pond and Copper Lance projects in Newfoundland, advancing towards maiden drilling at the Jackpot Gold Prospect with sampling results due soon.

SRG Global has locked in $1.85 billion in contracts across multiple sectors and upgraded its FY26 EBITDA guidance to the top end of $168 million, while initiating FY27 guidance between $190 million and $200 million, surpassing market expectations.

Neometals is pivoting towards gold production with a funded JV at its Barrambie Ironclad deposit, while simultaneously progressing a substantial lithium-potash brine project in Utah.

Kore Potash made steady progress on its Kola Potash Project in Q1 2026, completing key marine and topographic studies while navigating design revisions and ongoing financing talks. The company’s formal sale process continues with one bidder remaining active and cash reserves at US$8.3 million.

Neometals Ltd has launched a 1-for-6 entitlement offer at A$0.04 per share alongside a two-tranche placement, targeting a combined A$13 million to advance gold and critical minerals projects.

Great Western Exploration has kicked off a major copper-gold drilling campaign targeting nine prospects in Western Australia's Yerrida Basin, backed by a $3.75 million placement. The program begins with a diamond drill testing a key gravity anomaly at the Oval VHMS target, aiming to replicate the nearby DeGrussa deposit's success.

BHP has reported robust copper and iron ore production for the nine months to March 2026, with key projects progressing and a leadership change set for July. Operational resilience and disciplined capital moves underpin its outlook.

Agrimin Limited has secured a large exploration package in Western Australia's West Musgrave region, acquiring the Mount Squires Project from Caspin Resources. The project offers promising gold and base metal targets along strike from BHP’s Nebo and Babel deposits.