🕒 Wednesday 30 April 2025 Wed, 30 Apr 2025

Blue Star Helium reports robust natural gas flow and high permeability from its Jackson 27 well in Colorado’s Galactica project, underpinning optimistic production forecasts.

Miramar Resources has unveiled significant nickel-copper sulphide discoveries at its Bangemall project, supported by a $1.8 million capital raise to accelerate exploration across multiple Western Australian projects.

Castile Resources has added critical mineral bismuth as a by-product to its Rover 1 Bankable Feasibility Study, leveraging a dramatic price surge driven by Chinese export restrictions.

Forrestania Resources delivered strong high-grade gold drilling results at Ada Ann and Lady Lila, while exercising key options to broaden its exploration footprint in Western Australia.

Siren Gold has committed to a second deep diamond drillhole at its Sams Creek Project, targeting promising gold mineralisation below the current resource. This move could significantly expand the project’s Mineral Resource Estimate amid rising gold prices.

Blue Star Helium has commenced drilling the Jackson 2 well at its Galactica helium project in Colorado, marking a key step in its ongoing development program. The well is progressing towards the Lyons Formation target with plans for flow testing and production tie-in.

Cyclone Metals has inked a binding agreement with Vale S.A. for up to USD 138 million to develop its Iron Bear Project in Canada, marking a significant step forward with successful pilot production runs of high-grade iron concentrates and pellets.

Horizon Minerals reported a significant A$7.48 million cash outflow for the March quarter, ending with just under A$6 million in cash and securing a US$5 million convertible loan to bolster liquidity.

Horizon Minerals reported steady gold production from its Boorara and Phillips Find projects, marking first gold pours under key milling agreements. The company also finalized its merger with Poseidon Nickel, adding critical processing infrastructure and boosting growth prospects.

Berkeley Energia reports promising lithium and rubidium mineralisation at its Conchas Project in Spain, while its subsidiary pursues a $1 billion arbitration claim against Spain over the Salamanca uranium project amid shifting nuclear policies.

Hamelin Gold Limited advances its Western Australia gold exploration with co-funded drilling programs at Fremlins South and Jazz prospects, while completing a significant $2.8 million capital raise to fuel further activity.

Summit Minerals appoints Dr Matthew Cobb as CEO, suspends drilling at Barra Lithium, and pivots to prioritize wholly owned Brazilian projects with drilling permits nearing approval.

Haranga Resources has acquired the Lincoln Gold Project in California, boasting historic production of ~3.4 million ounces and a current indicated and inferred resource of 286,000 ounces. Concurrently, the company advances uranium exploration in Senegal and completes a $1.14 million capital raise.

Encounter Resources Limited has unveiled an ambitious 2025 exploration and development program across its Australian critical minerals projects, supported by significant government co-funding and a strong cash position.

Energy Action Ltd reported a robust 22.7% increase in revenue to $2.7 million for Q3 FY25, alongside positive operating cash flow and continued investment in its AI-driven Utilibox platform, signaling strong momentum in energy management innovation.

Vulcan Energy Resources has marked significant progress in Q1 2025 by achieving Strategic Project status under the EU Critical Raw Materials Act and producing Europe’s first fully integrated battery-quality lithium hydroxide monohydrate. The company advances drilling, financing, and commercial partnerships, positioning itself as a key player in Europe’s sustainable lithium supply chain.

Vulcan Energy Resources reported a €12.8 million net cash outflow from operations in Q1 2025 but maintains strong liquidity with nearly €79 million in cash and €10 million in unused credit facilities.

Brazilian Critical Minerals Ltd reports a significant resource upgrade and strong scoping study results for its Ema rare earth project in Brazil, highlighting low operating costs and promising economics.

Energy Action Limited has posted a positive net operating cash flow of A$59,000 for the quarter ending March 31, 2025, while maintaining a robust cash balance of A$1.61 million. The company’s latest cash flow report reveals steady financing activity and prudent investment spending.

Alchemy Resources Limited reported a modest net cash outflow in operating activities for Q1 2025 but ended the quarter with a robust cash balance supporting over 17 quarters of funding.

Alchemy Resources reported significant progress at its Karonie Gold-Lithium Project with JOGMEC completing its $600,000 farm-in commitment and over 4,000 soil samples analyzed, identifying 12 priority targets for follow-up. Meanwhile, strong copper and gold assays at Lachlan’s Yellow Mountain prospect and regained Bryah Basin control underscore a busy quarter.

RemSense Technologies reported a cash flow positive Q3 FY2025 with $420K net cash from operations and $1.403M in customer receipts, underpinned by renewed contracts and strategic partnerships across energy and industrial sectors.

New Frontier Minerals has identified 46 priority exploration targets rich in heavy rare earth elements at its Harts Range Project and formalized a strategic alliance to process copper ore from its Big One Deposit, marking significant progress in its multi-commodity portfolio.

New Frontier Minerals Limited reported a cautious but stable cash flow position for Q1 2025, ending the quarter with $686,000 in cash and liquid investments valued at nearly $1.4 million. The company projects funding to sustain operations for approximately 1.5 quarters, relying on liquid assets and potential capital raises.