SYDNEY: Moonlight Resources Ltd., a 44.7% owned entity of Lithium Plus Minerals Ltd. (ASX: LPM), has agreed to acquire the Clermont Gold Project in Queensland from Diatreme Resources Ltd. (ASX: DRX), positioning itself for an initial public offering on the Australian Securities Exchange. The A$3.5 million transaction includes A$3.25 million in Moonlight scrip and A$250,000…
Tag: Critical Minerals
Resource Minerals secures strategic foothold in Saudi Arabia with JV acquisition
PERTH: Resource Minerals International Ltd. (ASX:RMI) has acquired a 50% interest in a Saudi Arabian joint venture following the granting of the Shaib Marqan exploration licence, marking a significant expansion of its global mineral exploration portfolio. The licence, covering 91.8 square kilometers in the mineral-rich Ar Rayn Terrane, was granted on August 17 and is…
Aterian Partners with Cambridge AI spin-out to revolutionize mineral exploration in Morocco
LONDON: Aterian plc (LSE: ATN), a critical mineral exploration and development company, has signed a pioneering Memorandum of Understanding with a stealth-stage machine learning start-up spun out from the University of Cambridge. The start-up, backed by the Royal Academy of Engineering and Entrepreneurs First, specializes in advanced computational modeling for mineral exploration. Under the agreement,…
Metals One secures second U.S. uranium asset with Wyoming acquisition
LONDON: Metals One (AIM: MET1) said on Monday it had completed the acquisition of the Squaw Creek Claims (SQ Claims) in Carbon County, Wyoming, marking its second uranium project in the United States amid growing interest in domestic nuclear energy assets. The SQ Claims, comprising 53 unpatented mining claims spanning roughly 430 hectares in the…
Pantera Lithium sells Smackover project to EnergyX in A$40 million deal
SYDNEY: Pantera Lithium Ltd. (ASX: PFE) has entered a binding agreement to sell its Smackover lithium brine project in Arkansas to U.S.-based Energy Exploration Technologies Inc. (EnergyX) in a deal valued at A$40 million. The transaction includes A$6 million in cash and A$34 million in EnergyX common stock, giving Pantera shareholders exposure to the recovering…
Guardian Metal expands Nevada Tungsten portfolio with new Pilot North Project
LONDON: Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a mineral exploration company focused on tungsten development in Nevada, has acquired 59 new mining claims in the Walker Lane Mineral Belt, forming the Pilot North Tungsten Project. The newly staked claims, located roughly 15 kilometers northwest of the company’s flagship Pilot Mountain Project, encompass three historical tungsten…
Mkango Resources to merge with Crown PropTech Acquisitions, creating Nasdaq-listed rare earths giant
LONDON: Mkango Resources Ltd. (AIM/TSX-V: MKA) announced Thursday that its subsidiary, Lancaster Exploration Limited, soon to be renamed Mkango Rare Earths Limited, has entered into a definitive merger agreement with Crown PropTech Acquisitions (OTC: CPTKW), a special purpose acquisition company based in the Cayman Islands. The deal, expected to close in the fourth quarter of…
Loyal Metals secures option to acquire one of world’s highest-grade copper-gold mines
SYDNEY: Loyal Metals Ltd. (ASX: LLM) announced Wednesday it has secured a binding option to acquire the Highway Reward Copper Gold Mine in Queensland, Australia — historically ranked among the highest-grade copper producers globally. Under the agreement, Loyal Metals plans to explore and potentially revive the mine, which ceased operations in 2005. Previously, the mine…
Terra Uranium to acquire largest Tungsten-Molybdenum Project in New South Wales
MELBOURNE: Terra Uranium Limited (ASX: T92) announced today it has entered a binding agreement to acquire Dundee Resources Pty Ltd, securing 100% ownership of the Glen Eden Tungsten-Molybdenum Project in New South Wales, the largest undeveloped tungsten project in the region. The acquisition includes tenements hosting the Glen Eden, Bald Nob, and Deepwater projects, which…
Fulcrum Metals reports progress on gold tailings strategy in year-end 2024 results
KIRKLAND LAKE: Fulcrum Metals plc (AIM: FMET), a technology-led company focused on recovering precious metals from mine tailings in Canada, on Monday reported its final results for the year ended Dec. 31, 2024, highlighting a strategic pivot toward gold tailings processing and key mineral discoveries. During the year, the company formalized a definitive option agreement…
Evion Group secures US deal for expandable graphite as global demand climbs
PERTH: Evion Group Ltd. (ASX: EVG) has finalized a deal to deliver its first shipment of expandable graphite to a major U.S. supply chain company, marking a significant step in the company’s efforts to position itself as a reliable, non-Chinese source of critical minerals. The 80-metric-tonne shipment, valued at approximately A$400,000, will be dispatched over…
Lithium Universe acquires secures global rights to innovative solar panel recycling technology
SUBIACO: Lithium Universe Limited (ASX: LU7) has announced a binding agreement to acquire worldwide rights to a groundbreaking photovoltaic (PV) solar panel recycling technology developed by Macquarie University. The patented “Microwave Joule Heating Technology” (MJHT) promises to revolutionize the recycling of end-of-life solar panels by enabling efficient recovery of valuable materials like silver, silicon, gallium…