Latest Rare Earth Elements News

The week was split between big earnings reactions and small-cap rocks-and-rigs rallies. Pro Medicus sank despite record numbers, while a handful of explorers jumped on fresh discoveries and policy wins.

Explorers led the Materials tape as fresh drill stories and new ground deals pulled buyers into small caps. Big miners still delivered, but the loudest moves came from companies offering investors a near-term catalyst.

Verity Resources Limited has announced a pro-rata entitlement issue to raise up to $2.05 million, partially underwritten by entities linked to its directors. The capital raise aims to fund exploration and technical studies across its key projects, including the Monument Gold Project.

Enova Mining has successfully raised $2 million through a heavily oversubscribed share placement, enabling accelerated drilling and test work at its East Salinas and Charley Creek projects. This capital injection positions the company to advance its critical minerals exploration amid growing demand for rare earth elements.

New Frontier Minerals has executed a binding option to acquire a 90% interest in the Pomme Rare Earth Element and Niobium project in Quebec, partnering with Metallium to leverage advanced processing technology and expand its critical minerals footprint.

European Resources Limited has reported promising drill results with strong neodymium-praseodymium enrichment at its Korsnäs rare earth project in Finland, alongside advancing metallurgical test work aimed at optimising extraction processes.

Taiton Resources reports no significant gold from Challenger West drilling but identifies promising geological indicators, while gearing up for a major drill campaign at the Yogi prospect targeting IOCG and rare earth elements.

Axel REE is fast-tracking field recovery trials at its Caladão Project, leveraging proven in situ recovery methods and a rare gallium resource to position itself uniquely in the critical minerals space.

Dateline Resources reports strong diamond drilling results at its Colosseum Gold-REE Project, confirming high-grade gold mineralisation beyond current resource boundaries and advancing plans for mine life extension.

Infinity Metals Limited has revealed promising prospects for its wholly owned Yambacoona tin-lithium project in New South Wales, supported by a strong tin market with prices up 50% over the past year. Recent geophysical studies and regional analogues suggest significant exploration potential.

Meteoric Resources has successfully commissioned its Mixed Rare Earth Carbonate pilot plant in Brazil, achieving strong recovery rates and production outputs that validate its processing approach and de-risk the Caldeira project.

Magnum Mining’s initial drilling at its Azimuth REE Project in Brazil reveals extensive near-surface rare earth mineralisation, hinting at a major ionic adsorption clay discovery with promising grades and scale.