Latest Us Critical Minerals News

IRIS Metals has reported significant progress in its US lithium and critical minerals projects, highlighted by major rubidium discoveries and a strategic tungsten farm-in. The company is poised to enhance its role in domestic critical minerals supply chains.

American Tungsten & Antimony Ltd (ASX, AT4) has initiated drilling at its Utah antimony project and expanded its Nevada tungsten portfolio, while preparing a spin-out IPO of Australian assets to sharpen its US focus.

Omnia Metals Group has completed initial drilling at its Salt Creek Project with limited mineralisation but gained valuable geological insights. The company bolstered its balance sheet with a $1.58 million placement to fund ongoing exploration and strategic acquisitions in the US.

ioneer Ltd has raised approximately US$50.4 million through an institutional placement to fund the advancement of its Rhyolite Ridge lithium-boron project in Nevada towards a Final Investment Decision in the second half of 2026. The capital injection supports project readiness, environmental permitting, and early works for this strategically significant US critical minerals asset.

Locksley Resources has made significant strides at its Mojave Project, advancing drilling, securing major US institutional funding, and forging key partnerships to establish a domestic supply chain for critical antimony and rare earth elements.

Viking Mines has entered a binding agreement to acquire six high-grade tungsten projects in Nevada, backed by a strategic investment from American Tungsten Corp and a $4.29 million capital raise. The acquisition marks a significant expansion into the critical US tungsten market amid rising global demand.

Iondrive Limited has marked a pivotal shift from development to commercialisation of its IONSolv™ technology, securing $4 million to target the US e-waste market and commissioning its pilot plant to refine critical minerals.

Australian Strategic Materials reports a significant 75% jump in NdFeB alloy deliveries at its Korean Metals Plant and advances heavy rare earth production, while announcing a transformative acquisition offer from Energy Fuels Inc.

Felix Gold has transitioned from exploration to development with a metallurgical breakthrough producing military-grade antimony and is advancing pilot plant operations and government funding applications to meet US military demand.

Magnum Mining & Exploration has accelerated its rare earth elements (REE) exploration with new drilling programs in Brazil and the acquisition of the Wet Mountains REE Project in Colorado, backed by a $7 million capital raise.

Eclipse Metals has completed significant diamond drilling at its Greenland rare earth projects, upgraded its resource estimate, and secured US government advisory support while pursuing a NASDAQ listing to boost global investor access.

EV Resources has completed extensive groundwork at its Los Lirios Antimony Project in Mexico and secured a processing plant, positioning itself for a transformative 2026 with maiden drilling and production plans underway.