Latest South America Mining News

Austral Gold has raised A$8.456 million through a strategic placement aimed at accelerating exploration and expanding processing capacity in its key South American assets.

Solis Minerals has made a decisive leap in its Peruvian copper-gold exploration with the acquisition of the Cucho Project and a successful $5.9 million capital raise, setting the stage for an active 2026 drilling campaign.

Patagonia Lithium has advanced drilling at its Formentera project in Argentina, reaching 131 metres with promising brine test results indicating strong lithium potential. Early packer tests reveal increasing dissolved solids and excellent flow rates, supporting the company’s resource growth ambitions.

Patagonia Lithium’s latest drilling at Formentera reached 401m, revealing promising lithium concentrations at shallower depths but encountering low-porosity clays that limited further progress. The findings refine the company’s geological understanding and set the stage for upcoming drilling.

Galan Lithium advances its Hombre Muerto West project with key infrastructure in transit and construction progressing ahead of schedule, targeting lithium chloride production in the first half of 2026.

Solis Minerals has secured drilling permits for its Cinto Copper Project in southern Peru, setting the stage for a maiden diamond drilling campaign targeting promising geochemical and geophysical anomalies near major copper mines.

Solis Minerals has identified multiple promising copper-molybdenum targets at its Cucho project in Peru through advanced 3D geophysical modelling, setting the stage for a diamond drilling campaign in 2026.

Power Minerals and Summit Nanotech have confirmed the technical viability of the Incahuasi Lithium Project in Argentina, outlining a clear pathway to production of 5,000 tonnes per annum of high-purity lithium carbonate over 20 years.

Belararox Limited has initiated advanced geophysical surveys at its Toro South target in Argentina, setting the stage for drilling in late 2025. Age dating confirms geological similarities to major copper systems, enhancing the project's appeal.

Clean TeQ Water has landed a significant A$19.2 million contract with Rio Tinto’s subsidiary for the Rincon Lithium Project in Argentina, marking its first major South American venture and a milestone in lithium refining technology.

Challenger Gold Limited advances its Hualilan Gold Project with commissioning of the Casposo Toll Milling plant and key operational contracts, while Ecuador projects gain value following Lumina Gold’s takeover. A $30 million placement strengthens funding for upcoming milestones.

Solis Minerals has entered a binding agreement to acquire up to 75% of the Cucho Copper Project in Peru, a large-scale porphyry system with promising historical drilling results and significant untested exploration targets. The company plans a 5,000-metre drilling program in 2026 aiming for a maiden resource estimate and economic assessment.