Today's Mining Pulse
Updated 1h ago
Grid Metals and Boliden strike $7M earn‑in for Thompson East copper‑nickel project
Grid Metals Corp. has entered an earn‑in agreement with Boliden Mineral Canada that lets the Swedish miner fund up to C$9.6 million (≈US$7 million) and acquire up to an 80% interest in the Thompson East copper‑nickel‑PGM‑cobalt project. Grid will receive C$500,000 (≈US$370,000) in cash and keep a 20% stake, preserving capital for its cesium‑focused Falcon West project.
Also developing:
By the numbers: Virtus acquires Chemaf for $30M
Transocean Lands Drillship Deal Worth $158m
Switzerland‑based offshore driller Transocean announced it has won a five‑well contract for its Deepwater Asgard drillship in the Eastern Mediterranean. The 390‑day campaign, slated to begin in Q4 2026, is valued at roughly $158 million in backlog, not counting mobilisation fees. The deal adds to a series of recent fixtures—including the Barents in Norway and three rigs in Brazil—bringing Transocean’s total backlog additions to about $1.6 billion since early April.
Ivanhoe's Kipushi Zinc Set for US via Project Vault
We were at the White House in February for the launch of Project Vault, a $12 billion supply‑chain security programme launched by the U.S. and backed by @EximBankUS. At the same time we announced that @IvanhoeMines_ is in discussions with @Gecamines...
Featured in WSJ: Insights on Global Sulphur Market
Thank you Ed Ballard for featuring me in your recent @WSJ article on the global #sulphur market. https://t.co/eYZx1hgh4G
E-Stewards and Bloom ESG Launch Critical‑Metals Metric for Electronics Recycling
e-Stewards and Bloom ESG have introduced a sector‑specific Critical Metals Conserved metric that quantifies cobalt, lithium and rare‑earth recovery in electronics recycling. The tool, built on primary recovery and smelter data, offers audit‑ready material‑intelligence for corporate ESG reporting and is...
Lithium Project's Past, Present, Future Crucial for U.S.
Was great to dive deep with Jon Evans @LithiumAmericas on the past, present and future of this critically and strategically important lithium project for the United States. Strongly encourage all to listen if you've not already done so. $LAC 👇
The End of the Hormuz Bargain
The Strait of Hormuz, through which roughly a quarter of the world’s seaborne oil and large volumes of LNG, fertilizer and key feedstocks travel, is no longer a neutral corridor. Escalating Middle‑East tensions and unilateral toll demands have prompted many...
Wah Kwong Spins Off Dry Bulk Arm with 60-Ship Target
Hong Kong‑based Wah Kwong Maritime Transport has spun off its dry‑bulk operations into a new subsidiary, Wah Kwong Bulk. The unit will combine ship ownership and operation, targeting a fleet of 50‑60 vessels by 2030, including about 30 owned ships...
China Charts Seabed, Japan Rushes for Rare Earths
The next frontier: China maps seabed resources as Japan races to tap rare earths https://t.co/icXHshD4pa
EU Launches Online Platform to Match Buyers with Critical Raw Material Suppliers
The European Commission opened the first call of its Raw Materials Mechanism on April 13, creating an online marketplace that aggregates demand for rare earths, battery and defence materials. The voluntary, market‑based platform is designed to help European firms diversify...
The Court Ruling in Gina Rinehart’s Mining Dispute Reveals a Lot About the Nation’s Inherited Wealth
Australia’s Supreme Court ordered mining magnate Gina Rinehart to pay hundreds of millions of dollars in royalties to the heirs of Peter Wright, while allowing Hancock Prospecting to retain ownership of the lucrative Hope Downs and East Angelas iron‑ore tenements. The...
Core Energy Targets Broad Rare Earths System at Cummins After Strong Drill Hits
Core Energy Minerals (ASX:CR3) announced a series of high‑grade rare earth intercepts at its Cummins project in South Australia, including a 27‑metre interval with 505 ppm total rare earth oxides (TREO) and 27% magnet rare earth oxides (MREO). A standout 4‑metre...
Perpetual Resources Kicks Off Reconnaissance for Tungsten as Prices Strengthen
Perpetual Resources has launched a two‑week reconnaissance program at its 8,714‑hectare Paraíba tungsten project in Brazil’s Seridó province. The field work aims to quickly map mineralisation, validate historic occurrences and produce high‑priority drill targets for a Phase 2 program. Tungsten prices...
Strait of Hormuz Crisis Should Catalyze African Biofertilizer Production (Commentary)
Tensions in the Strait of Hormuz have disrupted synthetic fertilizer shipments, exposing Africa’s reliance on imports that account for up to half of its supply. In response, the Dangote Group is set to triple its output to 9 million metric tons...
Iran Could Offer Oman Exit Proposal
Iran has signaled it could let commercial vessels use the Omani side of the Strait of Hormuz without interference, provided Washington meets Tehran's core demands in ongoing negotiations. The war that began on Feb. 28 has choked roughly 20% of global...
Australia and US Commit Over $3.5 Bn (AU$5 Bn) to Critical Minerals Projects
Australia’s Minister for Resources Madeleine King and U.S. Interior Secretary Doug Burgum announced a joint commitment of more than $3.5 bn (AU$5 bn) to fund critical‑minerals projects across Australia. The funding, channeled through Export Finance Australia and the U.S. Export‑Import Bank, backs...
