PERTH – Australian exploration company Mount Ridley Mines Ltd said on Thursday it has appointed Allister Caird as its chief executive officer, effective immediately, to lead the development of its rare earth and critical minerals projects. Caird, a geologist with over 15 years of experience, joins from Locksley Resources Ltd, where he was head of critical…
Tag: Critical Minerals
Canadian miner NMG signs key graphite deals, paving way for Quebec mine
MONTREAL – Nouveau Monde Graphite Inc has finalized a series of binding offtake agreements that cover nearly all of the planned production from its flagship Matawinie mine, a critical step that paves the way for a final investment decision on the Quebec project, the company said on Friday. The agreements, announced as G7 energy and environment…
Australian Miner to acquire Idaho Processing Mill, aiming to boost US antimony, tungsten supply
SYDNEY – Resolution Minerals Ltd. (ASX: RML; OTCQB: RLMLF) announced Tuesday it has entered a binding agreement to acquire a processing mill and historic tungsten stockpiles in Idaho, a strategic move aimed at accelerating potential U.S. production of critical minerals antimony and tungsten. The acquisition targets the Johnson Creek Tungsten & Antimony Mill and the…
Almonty to acquire U.S. Tungsten project in strategic Montana district
TORONTO – Almonty Industries Inc. (NASDAQ: ALM), a leading global producer of tungsten concentrate, said on Tuesday it will acquire the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana, marking a strategic expansion into the U.S. market amid rising defense and manufacturing demand. The deal, valued at US$9.75 million, includes US$750,000 in cash and…
Australian miner Ragusa to take controlling stake in U.S. manganese-gold project
PERTH – Australian exploration company Ragusa Minerals Ltd (RAS.AX) said on Wednesday it has executed a binding deal to acquire a controlling interest in U.S.-listed Pegasus Tel Inc (PTEL) and its Purple Pansy manganese-gold project in Arizona, tapping into Washington’s push to boost domestic supply of critical minerals. Ragusa will pay $195,303 for a 60.09%…
Australian miner Lodestar Minerals to acquire Arizona rare earth project
SYDNEY: Australian explorer Lodestar Minerals Limited (ASX: LSR) has agreed to acquire the Virgin Mountain heavy rare earth project in Arizona, a site rich in heavy rare earth elements (HREEs) critical for defence, clean energy, and technology sectors, the company announced on Monday. The move comes as China, which dominates global rare earth production, further…
EV Resources acquires Mexican processing plant to fast-track antimony production
MEXICO CITY: EV Resources Ltd. (ASX:EVR) has signed a lease agreement with an option to purchase a 150-tonne-per-day antimony processing plant in Tecomatlán, Mexico, positioning the company for near-term production and strategic supply alignment with U.S. critical minerals initiatives. The plant, located 50 kilometers from EVR’s Los Lirios Antimony Project, includes crushers, ball mills, flotation…
Liberty Metals secures Brazilian critical minerals portfolio with rutile and rare earths focus
SYDNEY: Liberty Metals Ltd (ASX: LIB) has entered into a binding option agreement to acquire three district-scale critical mineral projects in Brazil, marking a strategic expansion into one of the world’s Tier 1 mining jurisdictions. The portfolio includes the Paraiba Hard Rock Rutile Project, the Rio Grande Heavy Mineral Sands (HMS) Project, and the Alcobaca…
Pinnacle Minerals to acquire eight U.S. critical minerals projects
PERTH: Australian explorer Pinnacle Minerals Ltd. (ASX: PIM) has executed a binding agreement to acquire a portfolio of eight critical minerals projects in the United States, the company announced Wednesday. The acquisition includes six projects in Idaho and two in Washington state, all located in historic mining districts. The centerpiece of the deal is the…
Australian miner Nimy Resources signs deal to supply gallium to U.S. market
PERTH: Nimy Resources Ltd. (ASX: NIM) has signed a non-binding memorandum of understanding with U.S.-based M2i Global Inc. for the potential sale of gallium from its Mons Project in Western Australia. The agreement, announced Monday, grants M2i exclusive rights to negotiate the purchase of 100% of the gallium-bearing concentrates from the project for delivery to…
Lithium Energy consolidates Queensland Graphite Projects in $2 million deal
SYDNEY: Australian miner Lithium Energy Ltd (ASX:LEL) said on Thursday it has acquired the Mt Dromedary graphite project in Queensland for $2 million, consolidating a major high-grade resource as it studies building a battery anode material (BAM) plant. The acquisition from battery technology company NOVONIX Ltd (ASX:NVX) gives Lithium Energy 100% ownership of three adjacent projects…
Metals One acquires strategic stake in Evolution Energy Minerals
LONDON: Metals One Plc (AIM: MET1), a critical and precious metals exploration company, said Friday it has acquired a 10.45% stake in Evolution Energy Minerals Ltd (ASX: EV1) and agreed to underwrite part of Evolution’s A$1.45 million Rights Issue. The investment provides Metals One exposure to Evolution’s Chilalo Graphite Project in Tanzania, a development-ready asset…