Latest Rare Earth Elements News

QEM Limited has pushed back the deadline to complete due diligence on its planned acquisition of two U.S. critical minerals projects, citing legal and environmental concerns that require further investigation.

Magnum Mining pivots to exploration-led growth, focusing on its Brazilian Piracanjuba rare earth project with a major drilling campaign and fresh leadership, supported by a $7 million capital injection.

Pure Resources (ASX: PR1) has closed a $3 million placement, issuing 12 million shares after shareholder approval, while also issuing options and advisory shares to support exploration and cutting-edge carbon nanotube fibre research.

Basin Energy’s maiden drilling at Newmans has uncovered thick, shallow, and high-grade rare earth mineralisation, validating a new geological model focused on preserved weathering zones over fertile granites.

Lodestar Minerals has locked in $4.7 million through a private placement and director subscription to push forward drilling and surveys across Chile, the USA, and Western Australia.

Critica Limited’s Jupiter Rare Earth Project pilot plant has delivered a significant beneficiation breakthrough, upgrading feed to a ~3% TREO intermediate concentrate with strong magnet rare earth recoveries and substantial mass rejection.

Sovereign Metals has verified that its Kasiya project hosts monazite concentrates rich in critical heavy rare earths Dysprosium, Terbium, and Yttrium, with oxide ratios far exceeding global benchmarks. This discovery could add a valuable by-product stream at near-zero incremental cost, enhancing the project’s economics amid growing Western supply chain security concerns.

West Cobar Metals reports promising metallurgical results from its Salazar project, highlighting a potential low-cost scandium production route via atmospheric leaching and bioleaching. The findings reinforce Salazar’s strategic value amid rising global scandium demand and ongoing U.S. critical minerals engagement.

Magnetite Mines initiates a leadership overhaul and strategic reset to cut costs and pursue phased development of its Razorback Iron Ore Project amid challenging market conditions.

Viridis Mining has produced its first batch of high-grade Mixed Rare Earth Carbonate at its Poços de Caldas Demonstration Plant, advancing key milestones for the Colossus Project and setting the stage for commercial-scale rare earth production.

Mont Royal Resources has identified significant high-grade fluorspar mineralisation up to 39.8% CaF2 at its Mallard Prospect, located just 1.4km from the flagship Ashram Deposit in Québec. The discovery highlights expanding fluorspar potential amid tightening global markets and China's shift to net importer status.

Omnia Metals has identified Beaver Creek within its Montana Radix Project as the key focus for rare earth and niobium exploration, leveraging historical data and planning detailed field validation.