Latest Rare Earth Elements News

Australian Strategic Materials (ASM) has announced a revised timetable for its shareholder scheme meetings tied to Energy Fuels’ acquisition, alongside dispatching a supplementary booklet that updates key transaction details including a new expert report. The acquisition now contemplates Energy Fuels’ conditional US$725 million financing and a US$1.9 billion deal to acquire VAC.

GWR Group Limited has progressed its Prospect Ridge Magnesite Project with a detailed technical review and fieldwork, while maintaining a solid cash reserve of $37 million and a $41 million stake in Tungsten Mining NL. The company continues to manage the transfer of Wiluna tenements to Gold Valley amid outstanding state royalties and a payment plan agreement.

Critica Limited’s recent drilling at the Juno satellite deposit within the Brothers Rare Earth Project has revealed multiple shallow, high-grade rare earth intersections across a 45 km2 area, reinforcing the project’s growth potential and metallurgical compatibility with the flagship Jupiter deposit.

Bayan Mining has launched its first-ever drilling program at the Desert Star Rare Earth Project, confirming key mineralisation and signing a strategic MoU with US Critical Materials to develop processing technologies.

Enova Mining has launched a major 198-hole auger drilling campaign at its Naked Hill Project in Brazil, aiming to map the extent of high-grade ionic adsorption clay rare earth mineralisation. Early results confirm strong recoveries of critical rare earths, underpinning the project's development potential.

GoldArc Resources has discovered two major gold mineralisation corridors exceeding 600 metres at its Yttria prospect, expanding beyond its existing rare earth element resource and setting the stage for follow-up drilling.

Tali Resources has kicked off a broad aircore drilling campaign at its West Arunta Project, backed by a $3 million placement and a $270,000 government grant to fund further prospect testing.

Pure Resources has agreed to sell its non-core Mt Monger gold exploration licence for $20,000 cash plus a 20% uplift fee on future monetisation within 18 months, shedding holding costs while retaining upside.

Aldoro Resources has solidified its position in critical minerals with a major resource update at Kameelburg, revealing the world’s largest Strontium deposit alongside high-grade rare earth and niobium mineralisation, backed by robust Phase II drilling and metallurgical advances.

Resouro Strategic Metals has taken a crucial step toward turning its Novo Mundo Gold Project in Brazil from trial mining into a licensed commercial operation by lodging a Mining Concession Application covering 930 hectares.

Omnia Metals has delivered its first geochemical results from Montana projects, highlighting a standout 209 ppm niobium rock sample at Radix and antimony up to 16 ppm at Stibnite Ridge amid a reduced tenure position.

West Cobar Metals made progress on its Salazar scandium and Cobar West copper projects during the June quarter, while deciding not to proceed with its Baxter Fluorspar acquisition and securing $1.05 million in new funding.