Latest Water Management News

Raiden Resources progresses environmental approvals for its Brazilian gold tailings project, identifies new arsenic anomalies in Bulgaria, and moves to sell a major stake in its Western Australian nickel project.

Babylon Pump & Power has initiated a $12.7 million rights issue at a 37.5% discount to restore working capital, reduce debt, and expand its water management rental fleet, aiming to lift its ASX trading suspension.

Savannah Goldfields has obtained a critical Environmental Authority for its Agate Creek project, enabling mining to resume this quarter and targeting 36,800 ounces from Ore Reserves over two years.

Fluence Corporation has secured two seawater desalination contracts in Vietnam worth approximately US $3.7 million. The projects, set for completion by year-end 2026, will produce up to 7,500 cubic metres of potable water daily on Phu Quoc Island, addressing critical water scarcity.

Rubicon Water anticipates FY26 revenue between A$60 million and A$62 million, down from FY25’s A$69 million due to postponed major contract awards. Despite this, the company secured more contracts in H2 and grew its major project pipeline, setting the stage for potential FY27 growth.

Boab Metals has begun dismantling the DeGrussa processing plant to relocate it to Sorby Hills, with first silver-lead concentrate production targeted for the second half of 2027. Key infrastructure is progressing ahead of schedule, and an updated Project Delivery Plan will reflect higher silver prices and extended mine life.

Metals Australia’s prefeasibility study for its Lac Carheil Graphite Project in Quebec reveals a strong economic foundation with a pre-tax NPV of AUD 790.8 million and a 22% IRR, underpinning its potential as a significant future graphite supplier.

Theta Gold Mines has secured US$18.6 million via placement and options exercise, completing equity funding for its US$90 million bond and advancing the TGME Gold Mine towards first production in early 2027.

Theta Gold Mines (ASX: TGM) reports substantial progress on its TGME Gold Project, with major construction activities well underway and critical equipment nearing delivery, reinforcing its path to production in 2027.

Babylon Pump & Power is steering through a strategic reset with its rental business booming and new funding arrangements in place, aiming to resume trading by August 2026.

Atomic Eagle Limited has obtained crucial environmental and social approvals for its Muntanga Uranium Project in Zambia, significantly reducing permitting risk and positioning the project as development-ready while maintaining focus on resource expansion.

Titanium Sands Limited has completed a hydrology study for its Mannar Island heavy mineral sands project, confirming no significant groundwater impact under proposed dredging methods.