Latest Rare Earths News

MTM Critical Metals reported major progress in its Flash Joule Heating technology and secured $15.5 million in capital raises, positioning itself for commercialisation and strategic growth in critical metals recovery.

Red Mountain Mining reports compelling exploration results at its Fry Lake Gold Project in Canada, alongside promising developments in Australia and a successful capital raise exceeding $700,000.

EVZ Limited reported a robust $3.2 million net positive operating cash inflow in Q2 FY25, bolstered by new contract wins worth approximately $28 million and a healthy $110 million contract backlog.

Mamba Exploration Limited has exited its earn-in agreement on the Canary Uranium Project, redirecting focus to other assets, while successfully raising $850,000 through a two-tranche placement to bolster its cash position.

Hastings Technology Metals has secured a strategic non-binding MOU with Saudi Arabia’s Ministry of Investment to explore a rare earths processing facility, while reporting encouraging developments at its Yangibana Project and maintaining solid financial footing.

European Lithium Limited has made significant strides in Q4 2024, acquiring the Leinster Lithium Project in Ireland and reporting promising high-grade rare earth results from its Greenland drilling program.

NewPeak Metals has acquired the Allaru Vanadium Project in Queensland, marking a strategic pivot into critical minerals, supported by a planned $2–3 million capital raise via rights issue.

Critica Limited reports exceptional progress at its Jupiter Project, highlighted by record-breaking drilling results and a significant rare earths concentrate upgrade, with a maiden Mineral Resource Estimate due mid-February 2025.

West Cobar Metals reports significant resource expansions at its Salazar project alongside promising copper-antimony test results at Bulla Park, while aggressively trimming costs to extend its runway.

Magnum Mining and Exploration Limited moves forward with acquiring two promising rare earth element projects in Brazil while progressing negotiations on a green pig iron venture in Saudi Arabia.

Eclipse Metals Ltd reports significant progress in its Greenland rare earth projects, including access to historic drill cores and positive resource estimates, while advancing towards mining licenses and applying for EU strategic funding.

Enova Mining has completed a significant drilling campaign at its CODA North project, confirming high-grade rare earth element mineralisation, while securing $1.5 million in new funding to accelerate exploration and metallurgical testing.