Latest Project Exits News

Air Products delivered 12% growth in fiscal 2026 adjusted EPS and cut capital spending by US$1.8 billion, while absorbing another US$3.2 billion in charges tied mainly to project exits. The company expects further adjusted earnings growth in fiscal 2027, but its recovery still rests on how successfully it converts a larger backlog into cash flow.

Lion Energy has locked in funding and government approval for its Bula Karang-1 well in Indonesia, targeting a September spud, while winding down its hydrogen project to focus on core upstream oil and gas activities.

Pinnacle Minerals has exited its US critical minerals ventures, retaining key Australian and Canadian assets while bolstering its board and cash position to pursue strategic growth.

Agrimin Limited is sharpening its focus on the West Arunta region's critical minerals potential as it steps back from the Mackay Potash Project, executing tenement surrenders and cost controls amid a $1.3 million cash position.

Aguia Resources has completed the sale of its non-core Atocha Silver Project in Colombia, receiving the final C$1 million cash payment and fully divesting its interest. This move reflects a strategic shift to focus on near-term production assets and strengthens the company’s balance sheet.

First Au Limited is streamlining its portfolio to concentrate exclusively on Western Australian gold projects, exiting offshore interests and enacting key board changes to align with investor expectations.

Culpeo Minerals reports promising high-grade copper intersections at its La Florida Prospect and secures A$3 million to fund upcoming drilling at Vista Montana, advancing its Chilean copper exploration ambitions.

Diablo Resources has completed its maiden drilling at the Phoenix Copper Project in Utah and secured $2 million in fresh capital to accelerate exploration and expand its US critical minerals portfolio.

Pioneer Lithium refines its exploration focus, prioritizing its US uranium projects with Skull Creek nearing drill readiness, while withdrawing from a Namibian uranium asset to optimize capital and value creation.

Buxton Resources has strategically refined its exploration portfolio, acquiring promising copper and gold projects while divesting less aligned assets to accelerate discovery potential and shareholder value.

Bayan Mining and Minerals Limited has reported a breakthrough in its exploration at the Bayan Springs South Project in Nevada, revealing gold grades up to 8.25 g/t and strong Carlin-type geochemical signatures. The company is now advancing towards geophysical surveys and drill planning to unlock the project’s potential.

Fulcrum Lithium’s initial drilling at its Fairway project in Nevada returned modest lithium results, prompting the company to relinquish the claims. The move sharpens focus on its Alkali Flats project, where assay results are pending.