Latest Refining News

Meteoric Resources has partnered with MTM Critical Metals to apply innovative Flash Joule Heating technology, significantly upgrading the value of rare earth elements from its Brazilian Caldeira Project. This collaboration aims to create a scalable supply of critical magnetic rare earths for Western industries.

Australian Strategic Materials reports promising heap leach test results at its Dubbo Project, showing strong recoveries of key rare earth elements and enabling a simpler, phased development approach.

MTM Critical Metals and Meteoric Resources have signed a non-binding MOU to develop a breakthrough Flash Joule Heating process that upgrades rare earth elements from Meteoric’s Caldeira project, promising a faster, cleaner alternative to traditional refining.

Volt Resources has completed a scoping study for its Alabama Graphite Refinery, revealing robust project economics and a patented purification process that could reshape US graphite supply chains.

Brookside Energy has identified two promising sub-plays within its SWISH Area of Interest in Oklahoma’s Anadarko Basin, targeting the Simpson Group sands and Caney Shale formations with modern drilling techniques.

Strategic Energy Resources has commenced gravity and magnetotelluric surveys at its Canobie Project, with Fortescue funding all exploration costs under their joint venture. These surveys aim to refine drill targets for potential copper-gold discoveries later this year.

Iltani Resources continues to impress with broad, high-grade silver and base metals intersections from its Orient West drilling program in Queensland, setting the stage for a significant JORC Resource estimate.

FMR Resources has secured a conditional right to earn a 60% stake in the promising Llahuin copper-gold-molybdenite project in Chile, backed by a $2.2 million capital raise and a new Managing Director appointment.

Southern Hemisphere Mining has partnered with FMR Resources to explore the Curiosity Southern Porphyry copper-gold target in Chile, with drilling set for late 2025. FMR will fund up to A$13 million to earn a majority stake in the joint venture.

Verity Resources has commenced an auger drilling program at its Pimenta Project in Brazil, targeting a 20km mineralised zone rich in rare earth elements, gallium, and titanium. Early surface sampling suggests the potential for a significant critical metals discovery.

Western Gold Resources has secured a binding toll milling agreement with Wiluna Mining Corporation to process ore from its Gold Duke Project, marking a pivotal step towards production.

Butn Limited has raised $20 million through a $10 million equity placement and a $10 million credit facility, positioning the fintech for expanded growth in SME funding.