Latest Utah News

American West Metals expanded its Storm copper resource and reported a major indium-zinc-gold intersection at West Desert during FY2026. But the ASX-listed explorer remains reliant on further funding, with the auditor flagging material uncertainty over its ability to continue as a going concern.

Astron Limited (ASX:ATR) says its Donald rare earths and mineral sands project is construction-ready, with a $759 million Phase 1 pre-tax NPV and first production targeted for 2028. The unresolved question is whether debt financing can convert the project’s strong study economics into a final investment decision.

LE Minerals finished FY2026 with an A$48.2 million statutory profit, but the result was driven by a one-off A$58.1 million after-tax gain from selling its Solaroz lithium project interest. The company ended the year with A$60.2 million in cash and term deposits as it reshapes its portfolio around Queensland and Utah exploration assets.

Anson Resources has signed a non-binding MoU covering a potential five-year lithium carbonate offtake with Wogen and possible project financing support from Xcelsior. The proposed supply could reach 6,000 tonnes of lithium carbonate equivalent a year, but deliveries remain dependent on Green River being financed, permitted and built.

Anson Resources has completed environmental baseline surveys at its Yellow Cat uranium-vanadium project in Utah, clearing a stated hurdle ahead of planned drilling. The next test is whether twin holes can validate historical high-grade results and support a maiden JORC 2012 resource estimate.

American West Metals has reported thick visual copper, zinc and molybdenum mineralisation in three new holes at its West Desert Project in Utah. The strongest result came from WD26-07, but laboratory assays are still needed to establish grades and economic significance.

Mandrake Resources has extracted more than 8,000 litres of lithium brine from its Utah project and delivered the bulk sample for testing by Electroflow Technologies. The work moves the project toward scoping studies, but the key evidence on grade, recovery and costs is still to come.

Anson Resources has secured approval for an estimated US$212 million post-performance tax credit tied to its Green River Lithium Project in Utah. The benefit could materially improve the project’s projected economics, but it will only be realised if the project proceeds, generates tax revenue and meets the scheme’s conditions.

Neometals has cleared a key regulatory hurdle for an A$2 million standby loan from a company controlled by former chairman David Reed. The facility provides near-term funding, but carries 10% interest, security over Barrambie-related assets and potential conversion into equity.

LE Minerals has confirmed lithium-bearing brines across its White Plains project in Utah, with 12 direct push holes returning grades of up to 114 mg/L at 15 metres. The company will now work towards a maiden JORC Mineral Resource, although five southern auger sites produced no brine and several claims were not renewed.

Diablo Resources has exercised its option over 101 patented claims covering the historic Horn Silver Mine in Utah, bringing its broader 202-claim, 13.2 square kilometre project package together. The company will now rank targets, advance permitting and prepare for a maiden Horn Silver drilling program in 2026.

Anson Resources has locked in a substantial $194 million business incentive from the Utah Inland Port Authority to support its Green River Lithium Project, underpinning the financing of its planned 10,000tpa lithium carbonate plant.