Virtus Acquires DRC Cobalt and Copper Miner Chemaf for $30M
National security investment firm Virtus has completed the acquisition of Chemaf, a DRC-based cobalt and copper mining giant, for $30 million. The deal includes a pledge to raise over $700 million to retire Chemaf’s debt, marking a significant U.S. investment in the Congo’s critical minerals sector.
Oxford Spin‑out Ascension Raises £6.2 Million ($7.8 Million) to Extract Critical Minerals Using Geothermal Heat
Oxford University spin‑out Ascension announced it has raised £6.2 million (about $7.8 million) to develop technology for extracting critical minerals from volcanic glass deposits using geothermal heat. The funding will support the project to enable targeted metal extraction underground, bolstering the critical...
SAGA Metals Acquires Catalyst Rare Metals, Gaining Full Ownership of Wolverine REE Project in Canada
SAGA Metals has agreed to acquire Catalyst Rare Metals, securing 100% ownership of the royalty‑free Wolverine rare earth element project in Labrador, Canada. The deal includes 4.25 million SAGA common shares and C$1 million (~$726 k) cash payable within 120 days of closing,...
First Atlantic Nickel Closes $16M Earn-In Deal with Core Critical Metals for Lucky Mike Project
First Atlantic Nickel Corp announced the initial closing of a two‑stage earn‑in option agreement with Core Critical Metals Corp., under which CCMC can earn up to an 80% interest in the Lucky Mike copper‑silver‑tungsten property by spending $16 million in qualified...
Boliden to Earn Up to 80% Interest in Grid Metals' Thompson East Project for $7.4M
Boliden Mineral Canada Ltd., a subsidiary of Boliden AB, announced an earn‑in agreement to acquire up to an 80% stake in the Thompson East copper‑nickel‑PGM‑cobalt project from Grid Metals Corp. by spending approximately $7.0 million and paying $0.4 million in cash, for...
PH7 Technologies Closes $32M Series B Round, Adds $7.5M Venture Debt
Vancouver-based pH7 Technologies announced the close of its Series B financing, raising nearly $32 million in equity and securing $7.5 million in venture debt from RBCx, bringing total financing to over $39 million. The round was led by Fine Structure Ventures with participation...
International Graphite and ALKEEMIA Form 51:49 Joint Venture to Build Graphite Processing Hub
International Graphite (ASX: IG6) and ALKEEMIA announced a 51:49 joint venture to develop a graphite processing hub at ALKEEMIA’s Porto Marghera facility. The partnership secures up to 50% of start‑up capacity at a 200‑tonne‑per‑year purification plant for International Graphite, with...
Lake Victoria Gold Secures $25M Gold‑loan Facility and $3M Convertible Debenture
Lake Victoria Gold (TSXV:LVG) secured a binding term sheet for a gold‑loan facility up to $25 million from Monetary Metals, backed by 6,000 ounces of gold, and locked in a $3 million convertible debenture led by a long‑term shareholder, providing near‑term working...
Nouveau Monde Graphite Raises $297M, with Eni Taking 12% Stake
Nouveau Monde Graphite announced a $297 million equity raise, selling 115.8 million shares at $1.84 each. The round includes a $70 million strategic investment by Italy's Eni for a 12% stake, $82 million from the Canada Growth Fund, $61 million...
Auravelle Metals Acquires Nine Tenements From Orange Minerals for $200,000 in Shares
Auravelle Metals Limited expanded its Crown Gold Project by acquiring nine adjoining tenements covering 20 km² from Orange Minerals. The deal was completed for $200,000 in shares, bolstering Auravelle’s strategic footprint near Kalgoorlie. The acquisition is expected to enhance exploration potential...
Mutapa Investment Fund Injects $5.3M Into Dorowa Minerals for Mine Refurbishment
Mutapa Investment Fund has disbursed $5.3 million to its portfolio company Dorowa Minerals to fund the first phase of the phosphate mine refurbishment, which is 95% complete and slated to restart operations in May. The funding aims to boost domestic fertilizer...
USA Rare Earth and InfraVia Capital Partners Invest $44M for 12.5% Stake in Carester SAS
On April 9, 2026, USA Rare Earth, Inc. signed a term sheet to invest $44 million for a 12.5% equity stake in Carester SAS, with a matching $44 million investment from InfraVia Capital Partners via its InfraVia Critical Metals Fund. The deal secures mid‑stream...
G Mining Ventures to Acquire G2 Goldfields in $2.2B All‑share Deal
Canadian miner G Mining Ventures announced an all‑share acquisition of G2 Goldfields valued at $2.2 billion, offering 0.212 G Mining shares per G2 share. The deal combines the Oko West and Oko‑Ghanie gold projects in Guyana into a single district‑scale development....
Frontier Lithium Secures $15M in Bought Deal Offering to Advance Ontario Lithium Project
Frontier Lithium Inc. announced a $15 million equity raise via a bought‑deal prospectus offering, with an underwriting syndicate purchasing 20 million units at $0.75 each, expected to close by April 22 2026. The proceeds will fund the PAK Lithium project in Ontario, including technical...
American Ocean Minerals Corp Merges with Odyssey Marine Exploration in $1B Deep‑sea Mining Deal
American Ocean Minerals Corp (AOMC) announced a merger with NASDAQ‑listed Odyssey Marine Exploration to create a $1 billion deep‑sea critical minerals platform under U.S. control. The combined entity, operating under the AOMC name, will access over 500 sq km of seabed rich in...
