Today's Mining Pulse
Updated 51m ago
Uranium Royalty to acquire Sweetwater in $1.1B deal
Uranium Royalty announced a $1.1 billion acquisition of Sweetwater Royalties, valuing the combined entity at roughly $1.9 billion including debt. The new US‑based parent will target a Nasdaq listing, with Orion Resource Partners and Ontario Teachers’ Pension Plan set to own 43% and 16% respectively.
Also developing:
By the numbers: Virtus acquires DRC cobalt and copper miner Chemaf for $30M
Economist Jim Rickards Says the Biggest Opportunity of the Decade Is Quietly Sitting in Alaska
Macro economist and former CIA adviser Jim Rickards released a free video presentation highlighting a quiet but significant shift in U.S. resource policy. He points to President Trump’s Executive Order 14153, signed in January 2025, which speeds up permitting for Alaskan mineral projects and rescinds earlier restrictions. The presentation focuses on a massive Alaskan deposit containing roughly 57 billion pounds of copper and 71 million ounces of gold—an asset worth an estimated $370 billion. Rickards argues this resource boom offers the decade’s biggest investment opportunity, contrasting it with the volatility of the tech sector.
Novelis, Infinitum Extend Collaboration in Norway
Aluminum producer Novelis and Norway’s deposit‑return foundation Infinitum have renewed their partnership to recycle beverage cans. Under Norway’s DRS, collected cans are shipped to Novelis’s Latchford plant in the United Kingdom for processing. The agreement secures a stable supply of...
Inflation Stems From Tight Supply, Capex Still Low
This chart gets to the heart of today’s inflation problem: Constrained supply. The only real solution starts with a surge in capital investment from commodity producers. With capex still near cycle lows, there’s little chance of meaningful new supply hitting the market...
Positive Assay Results at Golden Eye Point to Growth in Indicated Resources
Cygnus Metals announced that infill drilling at the Golden Eye deposit of its Chibougamau copper‑gold project returned exceptionally high grades, including a 105.5 g/t AuEq intercept over 1 m and up to 11.9 % copper over 0.8 m. The drill program, which completed more than...
Oil’s 50% Surge Sparks Supercycle Talk but Risks Linger
Oil prices have surged more than 50 % since late February after U.S. and Israeli strikes on Iran prompted Tehran to close the Strait of Hormuz, tightening global supply. The abrupt supply shock, combined with a fifth of LNG capacity offline,...
Australian Mining Teeters on Collapse From Diesel Shortages
The Australian mining industry is now on the verge of collapse due to diesel shortages. One of the country’s last two refineries is in flames, and the fuel supply chain that powers every drill, truck, and haul is about to snap. This...
9 Fastest Growing Rare Earth Stocks to Invest In
Rare earth elements are emerging as a strategic investment theme as supply chains remain heavily China‑centric while Western governments pour capital into domestic production. The article highlights that hedge funds and billionaire investors are quietly building positions in under‑owned companies...
U.S. Is Most Resilient to the Energy Shock, Until It Isn’t
The seven‑week war in Iran has disrupted oil and gas flows, hitting Asia and Europe hard while the United States remains comparatively insulated. However, U.S. consumers are already feeling higher gasoline prices—over $1 per gallon—and a 3.3% year‑over‑year CPI increase...
LNG Shock, Coal Myths, & The Real Winners On The Grid
The March 2026 Hormuz LNG disruption did not trigger a global coal surge; instead, CREA’s real‑time data show fossil generation fell 1% year‑on‑year, with coal flat and gas down 4%. Outside China, coal dropped 3.5% while solar and wind grew...
Andromeda Wraps Early Works at Great White Project, Trims Equity Requirement for Stage 1A+ FID
Andromeda Metals has finished the early‑works program at its Great White kaolin project on South Australia’s Eyre Peninsula, establishing the site and cutting the equity needed for Stage 1A+ to roughly $40 million AUD (about $26 million USD). The work included bulk earthworks,...
DRC Chemical Shortages Threaten Copper and Cobalt Output, Prices Surge
A sudden shortage of sulphuric acid and sodium metabisulfite (SMBS) in the Democratic Republic of Congo has forced major miners to cancel orders and consider output cuts. The disruption, linked to shipping delays from the Iran conflict, could tighten global...
Europe Eyes Canada LNG as Iran War Rewires Energy Routes
European energy buyers, led by Germany’s Uniper, are assessing Canada’s west‑coast Ksi Lisims LNG project as a diversification option amid the Iran war and Strait of Hormuz disruptions. The proposal involves shipping liquefied natural gas through the Panama Canal, a longer...
Largo Installs Sole COO, Promotes Group General Counsel Amid Record Vanadium Output
Largo Inc. named Luis Rendón its sole Chief Operating Officer and promoted Luânder Peixoto to Group General Counsel as it posted 2,616 tonnes of vanadium pentoxide production and 2,141 tonnes sold in Q1 2026. The moves accompany a filing to...
Aaron Longton, Fisherman Who Tied Sustainability to Survival
Aaron Longton, a Port Orford fisherman, pioneered a cooperative that linked small‑boat catches directly to consumers, boosting prices and transparency. He championed science‑based management and habitat protection, arguing that conservation underpins economic survival. His model, Port Orford Sustainable Seafood, demonstrated...
Gold Developer Antipa Shines Bright for Mining Experts as Investors Chase Next Big Thing
At the Resources Rising Stars Gather Round conference, analysts named Antipa Minerals the top gold pick, citing its updated Minyari resource of 2.9 Moz gold, 91 kt copper and 880 k oz silver. A recent scoping study projects Minyari could deliver about 128,000...
HIVE Mining Posts $115M Revenue, Bitcoin Still Dominates as Halving Squeezes Margins
HIVE Digital Technologies posted $115.3 million total revenue for fiscal 2025, $105 million of which came from Bitcoin mining. The company recorded a Q4 loss of $0.34 per share as halving‑driven reward cuts and higher difficulty trimmed margins, while its high‑performance computing...
Asia Faces Strained Supply Lines and Volatile Energy Markets
Asia’s energy markets are under severe strain as Gulf crude shipments face weeks‑long delays and Atlantic imports remain uneconomic. A sustained oil price surge toward $200 per barrel would likely trigger government‑mandated rationing and demand‑reduction measures across the region. The...
Benue Valley Clay Supports Sustainable Ceramic Production
A study published in Scientific Reports confirms that clay deposits in Benue Valley, northern Cameroon, possess mineralogical and chemical properties suitable for high‑quality ceramic brick production. Laboratory tests showed that firing at 1000‑1100 °C increases bulk density to 2.07 g cm⁻³ and compressive...
Iranian Oil Return Could Shift Energy Markets Soon
If the US and Iran reach a deal — a big if — it’s fair to assume Tehran gets sanctions relief. If that includes oil sales — another big, although likely, if — then in a few months the energy...
Maximum Pressure Returns: U.S. Targets Shadow Fleet Tankers as Iran Oil Waiver Expires
The U.S. Treasury reinstated full "maximum pressure" on Iran by letting the 30‑day general license for stranded Iranian oil expire and sanctioning more than two dozen individuals, companies, and vessels tied to the Shamkhani shadow‑fleet network. The designations target a...
Grid Metals and Boliden Sign $10M Agreement for Thompson East
Grid Metals Corp. and Boliden Mineral Canada have signed a definitive option and joint‑venture agreement to explore the Thompson East copper‑nickel‑PGM‑cobalt project in northern Manitoba. Boliden can earn an 80% interest by funding roughly $7 million USD in cumulative expenditures and...
Shut Nova Scotia Mine May Hold $118M in Gold
St Barbara secured Nova Scotia approval to process roughly three million tonnes of ore from the idle Touquoy gold mine, targeting a revenue of CAD $118 million (US$86 million) at current $4,000‑per‑ounce gold prices. The 10‑14‑month operation will cost about CAD $11.4 million (US$8.3 million) and aims to...
Lawsuit Filed Against Mining Operation In Mojave National Preserve
The National Parks Conservation Association has filed a lawsuit to block Dateline Resources Ltd.’s mining at the historic Colosseum Mine in California’s Mojave National Preserve. The suit claims the Bureau of Land Management improperly allowed the mine to resume despite...
South Korea Has An Oil Problem. Canada Is Helping To Fix It
The Strait of Hormuz blockade has forced South Korea to look beyond the Middle East for crude, and Canada’s Trans‑Mountain Expansion (TMX) now ships oil to the Pacific, letting Korean refiners buy Western Canadian Select at about $10 per barrel...
Yancoal Acquires Kestrel: A Deal Built for a Buyer's Market
Yancoal Australia agreed to acquire an 80% stake in Kestrel, one of the world’s largest underground coking‑coal mines, for up to $2.4 billion. The transaction includes a $1.85 billion upfront payment with the balance contingent on future coal‑price recovery. A discounted cash‑flow...
Trump’s Waiver Of Jones Act Fails To Cool Oil Prices
President Trump issued a 60‑day Jones Act waiver hoping to shave a few cents off U.S. fuel costs, but oil prices remain elevated as global supply disruptions and rising crude costs dominate. Brent fell 4.2% to $95.09 per barrel and...
Petrochemicals Lie at Core of Demand Destruction
The International Energy Agency says petrochemical feedstock demand fell by 1.5 million barrels per day in Q2 2026, driven by war‑related outages in the Middle East and costly run cuts across Asia. Gulf‑region plants face reduced operating rates and damaged export routes,...
Ancient Process that Created Rare Earth Elements Discovered — and It Could Help Us Locate Desperately Needed Deposits
Scientists have identified that most rare‑earth element (REE) deposits and their host alkaline or carbonatite magmas are situated above ancient subduction zones. By modeling plate‑tectonic history over the past two billion years, the study found 67% of alkaline magma blobs...
Cosmic‑Ray Data and AI Boost Mining Firms' Hunt for Critical Minerals
Rio Tinto and other mining companies are deploying cosmic‑ray imaging and AI‑driven analytics to map underground mineral deposits, a move driven by record‑high copper prices and looming supply shortfalls. The effort aims to improve subsurface intelligence for both new greenfield...
How Big Oil Is Cashing in on Iran War - The Latest
The world’s 100 largest oil and gas companies generated more than $30 million per hour in unearned profit during the first month of the US‑Israeli war on Iran. Crude prices averaged $100 a barrel in March, driving an estimated $23 billion windfall...
LaFleur and Trafigura Enter Into Term Sheet for C$30 Million Prepayment Facility and Gold Offtake Agreement
LaFleur Minerals has signed a term sheet with Trafigura Canada for a non‑dilutive prepayment facility of up to C$30 million (≈US$22 million) and a gold doré offtake agreement to fund the restart and expansion of its Beacon Gold Mill in Val‑d’Or, Québec....
VP Chiwenga Sets Out Chromium Value-Chain Development Plan, Seeks Investors for Industrial Expansion
Zimbabwe’s Vice President Constantino Chiwenga used Africa Chromium Week 2026 to unveil a roadmap that expands the country’s chrome sector beyond ferrochrome exports into chemicals, super‑alloys and plating solutions. The nation now runs 17 ferrochrome smelters and shipped 433,000 metric tonnes in 2025, a...
Stena Drilling’s Drillship Finds Job in Greece
Stena Drilling has secured an exploratory drilling contract for its 2008‑built drillship Stena DrillMAX with Energean Hellas, marking Greece’s first deep‑water offshore well. The well, slated for early 2027 in Block 2 of the Northwestern Ionian Sea, will require managed pressure drilling....
US Oil Production Hits Record High Amid Hormuz Blockade
CHART OF THE DAY: The barrel of last resort. US total crude oil and refined petroleum products have surged to an all-time high of >12.7 million b/d. (And further highs are likely over the next few weeks as everyone turns...
Koch Backs PMET Resources, Signaling Major Growth Potential
Seeing Koch get involved with PMET Resources $PMET.TO $PMT.AX brings a smile to the koala's face A ringing endorsement from one of the most advanced chemicals & refining companies in the world embracing a world class resource in North America Let's see...
Demand for Colombia LNG Shipments Set to Surge
Colombia’s power sector is gearing up for a sharp increase in LNG imports as an El Niño‑driven dry season threatens its hydropower‑dependent grid. Imports, currently 210 million cubic feet per day, are expected to climb to the SPEC terminal’s full 475 mcf/d capacity...
China Cuts African Tariffs, Contrasting US Stance on Rare Earths
China removing tariffs from Africa imports. The opposite of the US. And the rare earths?
Discover Your Battery’s End‑of‑Life Value
What will your batteries be worth at end of life? Workshop: The Battery Value Equation London, 2 June https://t.co/uP8lIQAT77
Iran War, Indonesia Curbs to Support Nickel Price: Report
BMI raised its 2026 refined nickel price forecast to $16,600 per tonne, up from $15,800, citing a structurally firmer market despite a persistent global surplus. Indonesia’s decision to cap nickel ore mining quotas at 260‑270 million wet metric tonnes, down from...
European Physical Oil Market Shows Tentative Easing, Brent Below $120
Tentative signs -- with a lot of emphasis on tentative-- of easing in the European physical oil market. Dated Brent is falling below $120, and lots of offer today on the key trading window (compared to overwhelming bids in...
Aztec Minerals Strikes 2,676 G/T Silver, Still Undervalued
A juicy 2,676 gram-meter #silver hit for @AztecMinerals in another step-out hole at Tombstone, the footprint continuing to grow. As JV says from the tour last week, consensus from every analyst was “this stock is deeply undervalued." Buy window still...
Silver Demand From PV Industry Expected to Drop 19% This Year
Metal Focus’s World Silver Survey 2026 shows the global silver market remains tightly constrained, with prices averaging $40 per ounce in 2025 and a fifth straight annual deficit of 40.3 million ounces projected for 2025 and 2026. At the same time,...
CATL Must Acquire Ganf
Desperate times call for desperate measures. @catl_official should buy @GanfengOfficial & or #Tianqi. Even with 100% of both, they would still need more #lithium. https://t.co/NBTEIaIRFs
China’s Africa Strategy Is Shifting and Iran Conflict Will Speed It Up
China is pivoting its Africa strategy from resource extraction to investment, centering the effort in Hunan Province’s “Hunan Model.” The model, formalized through the China‑Africa Economic and Trade Deep Cooperation Pilot Zone and a dedicated exhibition, streamlines logistics, free‑trade zones,...
China’s CATL to Invest US$4.4 Billion in Mining Arm to Secure EV Battery Supply Chain
China’s battery leader CATL is earmarking 30 bn yuan (≈$4.4 bn) to launch a mining subsidiary that will consolidate existing assets and chase new mineral projects worldwide, securing raw‑material supply for its EV batteries and energy‑storage systems. The move follows a Q1...
WD-40 Braces for Iran War Impact on Supply Costs
WD‑40 warned that the Iran‑driven oil shock is raising the price of petroleum‑based specialty chemicals used in its formulas. The company said the cost increase will take 90‑120 days to filter through inventory and affect gross margins, with the first...
Why Sulfuric Acid Is Emerging as a Supply Chain Constraint in Copper
Sulfuric acid, traditionally a background chemical in copper production, is emerging as a tangible supply‑chain constraint. Trade disruptions in the Middle East, China’s abrupt export ban, and already weak smelter economics are converging to tighten acid availability. The pressure hits...
Loughborough University Targets the UK’s Critical Materials Sovereignty Gap
Loughborough University has partnered with Freemelt to deploy electron‑beam additive manufacturing (EBM) for processing refractory metals such as tungsten, niobium and tantalum, which are essential to next‑generation energy and defence systems. The vacuum‑based EBM platform overcomes laser‑related reflectivity and oxidation...
BASF and TSR Group Collaborate on Battery Recycling
BASF and the TSR Group announced a partnership to integrate battery‑dismantling, safe discharge, and black‑mass processing across Europe. TSR will contribute its network of more than 190 licensed waste‑management sites, while BASF adds its Schwarzheide recycling plant that produces black...
Brazil Conditions Rare Earth Deal Amid US‑China Competition
China and the US want rare earths. Brazil will share – on one condition Move comes as Washington locks US$565 million deal with Brazil’s only operating rare earth mine https://t.co/iQo2RjLACX via @scmpnews
