Latest South America News

Freehill Mining has signed a non-binding MOU with Austral Gold to fast-track copper and copper-gold project development in Chile, leveraging Austral’s operational expertise to boost Freehill’s strategic growth.

Tesoro Gold has accelerated its Definitive Feasibility Study and development readiness for the 1.82Moz Ternera deposit, forming strategic alliances and advancing financing plans.

Asara Resources has adjusted its $60 million institutional placement after Barbet LLC FZ reduced its subscription significantly, with the balance placed to other investors to keep the raise on track. The funds will accelerate drilling and development at the Kada Gold Project in Guinea.

EAU Lithium has committed to acquiring Vulcan's proven A-DLE Pilot Plant 4 from Germany, strengthening its capacity to optimise lithium extraction from Bolivian brines and supporting strategic deployment of VULSORB® technology.

Anson Resources and POSCO Holdings have inked a binding agreement for POSCO to design and operate a $7.2 million Direct Lithium Extraction demonstration plant at the Green River Lithium Project in Utah, aiming to validate proprietary lithium extraction technology and strengthen U.S. battery supply chains.

Boresight Ltd (ASX: BST) is seeking to raise $8 million through a public offer to expand its cost-effective military drone manufacturing, targeting growth in the US and European markets.

Pacific Edge has secured NZ$36.1 million through a combination of a NZ$25.4 million placement and a significantly oversubscribed retail offer, reinforcing its strategic position to expand the Cxbladder cancer diagnostic platform.

Senetas Corporation plans to return $3.5 million to shareholders via an equal capital reduction, reflecting confidence in its cash flow and growth prospects following recent strategic moves.

Solis Minerals has raised A$6 million in a placement strongly backed by institutional investors, including major shareholder PLS Group, to fund imminent drilling at its Brazil Lithium and Cinto Copper projects.

Vita Resources NL is accelerating exploration across its diverse portfolio, expanding drilling at its Ninnis Gold Project in WA and confirming polymetallic upgrades at its ICE Project in Canada.

Flagship Minerals has secured A$2.75 million through a strategic placement led by long-term partners, poised to accelerate feasibility and technical work at its 2.1 million ounce Isidora Gold Project in Chile.

Aguia Resources has implemented optimized narrow vein mining at its Santa Barbara Gold Project in Colombia, pushing head grades to 12 g/t Au and improving recoveries, signaling a step-up in production quality.