Elemental Royalty to Buy Vizsla Royalties in $239M Deal
Elemental Royalty announced a $239 million acquisition of Vizsla Royalties, offering a 31% premium and a mix of cash and Elemental shares. The deal secures a 2‑3.5% uncapped net smelter return royalty on Vizsla’s Panuco silver‑gold project in Jalisco, which is projected to generate about 7,500 ounces of gold‑equivalent each year. It is Elemental’s largest transaction to date and expands its portfolio to over 200 royalties, including 18 producing assets. The acquisition proceeds despite a recent kidnapping incident at the Panuco site that highlighted security risks in the region.
Larvotto Completes Metallurgical Testwork of Hillgrove Tailings
Larvotto Resources completed initial metallurgical flotation tests on the Hillgrove Antimony‑Gold Project’s legacy tailings in New South Wales. The tests recovered 80‑95% of antimony and 40‑75% of gold, matching the flotation process slated for the plant restart in August 2026....
Norwegian Oil & Gas Cash Flow Surpasses $74 Billion as Investment Bill Hits $30.71B
Norway’s petroleum sector generated a net cash flow of roughly $74.4 billion in 2026, up from $72.0 billion in 2025. Oil production hit 107 million standard cubic meters of oil equivalents, the strongest level since 2009, while total output on the Norwegian Continental...
JP Morgan Warns Oil Could Average $151 in Q4
J.P. Morgan’s commodities strategists project that if the Strait of Hormuz reopens on September 1, Brent crude could average $151 per barrel in Q4 2026, the highest level across all reopening scenarios. Their base‑case June 1 scenario still sees Brent near $98...
Uranium Supply Gains Momentum as Nuclear Energy Returns to the Spotlight
Global uranium production rose 6.1% in 2025, with Kazakhstan accounting for 39% of supply and the United States more than quadrupling output to 1,316 tonnes. The U.S. Department of Energy added uranium to the 2025 Critical Minerals list, signaling heightened policy...
Mining the Past: Lithium's New Frontier in Secondary Sources
A quiet decision by Chilean waste‑management firm Quiborax could reshape the lithium supply chain by targeting discarded mining waste instead of fresh ore. The move leverages the LieNa processing technology, co‑developed by Australia’s Lithium Australia and the Australian Nuclear Science...
Rare Earths Are on Trump’s Agenda in China. But US Electronic Waste Offers an Untapped Source at Home
The United States remains heavily dependent on China for rare earth minerals and permanent magnets, a vulnerability highlighted during President Trump’s recent talks with President Xi. The Department of Energy projects demand for neodymium magnets could reach 37,000 tonnes by 2030,...
Sitka Updates Rhosgobel Resource Estimate
Sitka Gold Corp. updated the Rhosgobel resource at its RC Gold project, confirming 2.25 million ounces of inferred gold and adding 2.93 million ounces of inferred silver plus about 51,000 metric tons of tungsten trioxide. The estimate draws on 72 drill holes, including...
Li-FT Drills More Lithium at BIG East
Li‑FT Power released first winter drilling results from BIG East, the largest deposit in its Yellowknife Lithium Project. The 17‑hole, 4,778 m program intersected multiple spodumene zones, notably a 26 m interval averaging 1.29% Li₂O and a 17 m sub‑interval at 1.65% Li₂O, confirming...
Looking For Oil in All the Wrong Places
Australia’s government launched an April diplomatic tour of East and Southeast Asia to secure diesel, petrol and fertilizer from Malaysia, Brunei, South Korea and Singapore. The pledges proved superficial: Malaysia said the diesel was merely stored fuel, Singapore cannot command...
Copper Bay Launches Drilling at Pyramid
Copper Bay has kicked off an 8,000‑meter, 20‑hole drill campaign at its Pyramid copper‑gold‑molybdenum project in southwest Alaska. The deposit, located 2.5 miles from deep‑water access, currently hosts an inferred 206 million‑ton resource averaging 0.41% copper, 0.09 g/t gold and 0.02% molybdenum....
Euro Manganese Delivers Positive Chvaletice Assessment with Phased Development Pathway
Euro Manganese (ASX: EMN) released a positive preliminary economic assessment for its Chvaletice manganese project in the Czech Republic. The post‑tax net present value is $492 million with a 13.8% internal rate of return and a 7.3‑year payback at an 8%...
NGEx Hits 208g Gold at Lunahuasi Project in Argentina
NGEx Minerals announced ultra‑high‑grade gold assays from its Lunahuasi copper‑gold‑silver project in Argentina, highlighted by a 17.3‑metre intercept grading 207.79 g/t gold, 2.02% copper and 16.2 g/t silver. The results, part of a 27,318‑metre Phase 4 drill program, also included multiple high‑grade veins...
Barrick’s North American Spin-Off Draws Attention to Nevada Gold Treasure
Barrick Gold announced a spin‑off of its North American operations, creating a new entity that will house its 61.5%‑owned Nevada Gold Mines and 60% stake in the Pueblo Viejo mine. The combined assets produced roughly 2 million ounces of gold in...
Senegal Targets $7.5B Gas Project to End Energy Subsidies
Senegal’s state‑owned oil firm Petrosen announced that developing the Yakaar‑Teranga offshore gas field will require $7.5 billion, with a $2.5 billion first phase to produce 300 million cubic feet per day for domestic use and a $5 billion downstream expansion for fertilizer, petrochemical and...
First Quantum’s La Granja Vision Leaves Room for Trolley-Assist
First Quantum Minerals filed an NI 43‑101 technical report updating the La Granja copper project in northern Peru. The new estimate shows 4.831 billion tonnes of Measured and Indicated resources at 0.48% copper (23 Mt contained) and 5.206 billion tonnes of Inferred resources...
Namibia: Ongwe Strikes Higher Gold Grades At Omatjete
Ongwe Minerals’ bedrock drilling programme at the Manga prospect within the Omatjete Gold Project has confirmed higher‑grade gold deposits extending eastward under thick calcrete cover. CEO Dave Underwood said the rig remains active as the mineralised envelope expands beyond the...
Codelco Output Questioned over 20,000-Tonne Gap
Chile’s state‑run copper giant Codelco may have overstated its December output by roughly 20,000 tonnes, according to a preliminary internal audit that found a senior executive authorized inclusion of material not meeting finished‑product criteria. The inflated figure helped the miner...
Launch of NCM Cathode Black Powder Payables, CIF China: Pricing Notice
Fastmarkets introduced the first payables indicators for nickel‑cobalt‑manganese (NCM) cathode black powder, CIF China, on May 13. The new pricing suite links the material’s value to a percentage of the LME nickel cash price and Fastmarkets’ standard‑grade cobalt price, reflecting...
'New Chapter': Panther Completes Winston Tailings Sampling
Panther Metals has released its sixth and final set of assay results from the Winston tailings storage facility in Ontario, completing a year‑long vibracore sampling campaign that covered more than 100 locations across the 900‑by‑300‑meter site. The assays show an...
USA Bureau of Land Management Fully Rescinds Public Lands Rule
The U.S. Bureau of Land Management issued a final rule on June 11, 2026, fully rescinding the 2024 Conservation and Landscape Health Rule. The original rule, enacted in May 2024, had tightened restrictions on energy and mineral extraction, timber harvesting,...
ReconAfrica Advances Kavango West 1X Production Testing in Namibia
ReconAfrica, together with NAMCOR and BW Energy, is moving forward with downhole production testing on the Kavango West 1X well in Namibia, targeting a start before the end of May. The test will assess six optimized zones across roughly 420 m of...
Great Southern Copper Begins Drilling at Artemisa North
Great Southern Copper has begun scout reverse‑circulation drilling at the Artemisa North porphyry copper target in Chile’s Especularita Project. The program includes four holes aimed at testing a phyllic alteration zone and historic copper workings, following successful drilling at nearby...
Zimbabwe: Fidelity Gold Refinery Intensifies Drive to Formalise Small-Scale Gold Mining Sector, Plug Leakages
Zimbabwe's sole gold‑buying, refining and exporting firm, Fidelity Gold Refinery (FGR), is accelerating a formalisation drive for the artisanal and small‑scale mining (ASM) sector to curb illicit gold leakages. The country loses roughly $2 billion each year to smuggling, primarily from...
Arafura Lands North American Offtake Deal with Traxys
Arafura Rare Earths has signed a binding offtake agreement with Traxys North America to supply 500 tonnes of neodymium‑praseodymium oxide and 7.5 tonnes of dysprosium‑terbium oxide each year from its Nolans project. The deal is expected to be formalized within the next...
US Tungsten Revival Breathes Fire Into Utah’s Historical Clifton Mining District
American Tungsten & Antimony (ASX:AT4) is reviving Utah’s historic Clifton Mining District by acquiring and refurbishing the Dutch Mountain tungsten mill. The $400,000, six‑month upgrade will restore the only fully permitted U.S. tungsten processing facility, allowing AT4 to process high‑grade...
USA Rare Earth Awarded $14.2 Million Texas Semiconductor Innovation Fund Grant to Accelerate Round Top Mountain Heavy Rare Earth Project
USA Rare Earth, Inc. received a $14.2 million grant from the Texas Semiconductor Innovation Fund to accelerate development of its Round Top Mountain heavy‑rare‑earth project in Hudspeth County. The state‑backed funding is tied to an anticipated $1.4 billion capital investment and the creation of...
EIA: Prolonged Strait of Hormuz Disruption Reshapes Global Oil Markets
The U.S. Energy Information Administration revised its outlook in May, now assuming the Strait of Hormuz will stay effectively closed through late May with a gradual reopening in early June. Brent crude spot prices surged to an average of $117...
Falcon Gold Receives Drill Permit for Central Canada Gold Project, Atikokan Ontario –Quetico Fault Zone
Falcon Gold Corp. has obtained an exploration permit to conduct diamond drilling at its Central Canada Gold Project near Atikokan, Ontario. The company plans up to 20 drill holes totaling 2,500 metres to test and expand multiple historic gold zones....
Trump’s Ceasefire Warning Sends Oil Prices Higher Again
President Trump’s warning that the Iran cease‑fire is on “life support” sent Brent crude back toward $110 a barrel, reviving price gains of about 3% this week. Gulf producers, still repairing drone‑damaged facilities, now expect full output recovery only by...
Suriname’s Delayed Oil Boom Is Finally Ready for Takeoff
Suriname’s offshore oil sector is poised for a breakthrough as the $10.5 billion Gran Morgu project reaches 50% completion and targets first oil in 2028. The development, led by TotalEnergies and APA, will produce 220,000 barrels per day with breakeven costs...
Shuanglin’s Autonomous, Distributed Drive, Battery Multi-Axle Mining Truck
Shuanglin Technology unveiled the K7, a 158‑ton autonomous mining truck that uses distributed battery‑electric drive‑by‑wire corner modules for each wheel. The modular design lets each wheel steer, drive and brake independently, giving the truck crab‑like sideways movement and the ability...
Ivanhoe Buys $64.7M Robbins TBM for Arizona Mine
Ivanhoe Electric announced the purchase of a Robbins Crossover XRE tunnel boring machine for $64.7 million to develop a 4‑kilometre decline at its Santa Cruz copper project in Arizona. The 9.3‑meter‑diameter TBM will create a large‑diameter underground access tunnel, accelerating the...
Reko Diq Contracting Strategy, Capital Key to Restart
Barrick Mining has initiated a 12‑month review of its paused Reko Diq copper‑gold development in Pakistan to better understand the capital required and refine its contracting strategy. The review follows a shift in the project's partnership dynamics, notably the changed...
Canuc Acquires Claims Covering 271 Ha Within East Sudbury Project (ESP)
Canuc Resources Corp announced the acquisition of 13 additional mining claims covering roughly 271 hectares within its East Sudbury Project in Ontario. The new parcels sit east of the McLaren Lake Fault Zone, an area known for IOCG‑type critical and...
Global Copper Smelting Nosedives in April
Global copper smelting activity plunged in April, driven by a confluence of factors rather than a single event. Maintenance schedules in China curtailed production, while major smelters in Iran and Australia were offline. Chile's flagship Chuquicamata plant reported patchy operations,...
Namibia: Diesel Costs Bite Mining Operations
Rising diesel prices, spurred by Middle East tensions and oil trading at $120 a barrel, are squeezing Namibian mining firms. Husab mine responded by installing a trolley‑line system that lets haul trucks switch to electricity on steep ramps, sharply reducing...
Norway O&G Revenue Forecast Jumps 30% for '26
Norway’s government raised its 2026 oil and gas revenue forecast by 30%, projecting 721.1 billion crowns (about $78.7 billion) after higher energy prices sparked by the Iran‑Russia conflict. The ministry now expects crude oil to average $91 per barrel and natural gas...
Nevgold Raises $42 Million From Upsized Private Placement
Nevgold Inc. closed an upsized brokered private placement, raising $42 million—well above its original $25 million target. The capital will fund the advancement of the Limo‑Butte antimony‑gold project in Nevada and the Nutmeg Mountain gold project in Idaho. Recent drilling at Limo‑Butte...
Bunker Hill Mining Confirms Discovery of High-Grade Silver-Lead Veins at Bunker Hill Mine, Idaho
Bunker Hill Mining Corp. announced new underground drill results from the Cate‑Eight Vein target at its historic Bunker Hill Mine in Idaho. Drillhole BHE26‑02 intersected 28.6 feet of continuous silver‑lead mineralization, including two high‑grade veins grading up to 8.84 oz/ton silver and...
Altamira Gold Drills Additional Mineralized Porphyry Outside the Maria Bonita Mineral Resource, Cajueiro District, Brazil
Altamira Gold Corp. announced drill results from hole MBA036 that intersected 70.6 metres of porphyry mineralization at 0.5 g/t gold, extending to a depth of 277 metres below the western edge of the Maria Bonita resource in Brazil's Cajueiro district. The intercept...
QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block
QatarEnergy has signed a memorandum of understanding with TotalEnergies, ConocoPhillips and the Syrian Petroleum Company to evaluate offshore Block 3 in Syria’s Levantine Basin. The MoU sets up a technical review of the block, which lies in water depths of 100‑1,700 metres,...
Defense Metals Starts Pilot Flotation Test Program for the Wicheeda Rare Earth Project, British Columbia
Defense Metals Corp. has launched a confirmatory pilot flotation test at SGS Canada’s Lakefield facility, beginning May 12, 2026. The five‑week program will process about 30 tonnes of drill core from the Wicheeda Rare Earth Project to produce a concentrate targeting...
Liberia: Bea Mountain Under Fire
Former Press Union of Liberia president Abraham Massaley has accused Bea Mountain Mining Company of contaminating the Mafa River and Marvoe Creek with cyanide, arsenic, mercury and other toxic chemicals. Laboratory tests by the EPA allegedly show hazardous levels, prompting...
Scottish Player Remains on Support Duty for Australian Offshore Drilling Ops Until 2036
Aberdeen‑based OEG has secured a multimillion‑dollar contract extension to support offshore drilling in Australia’s Bass Strait through the field’s expected end of life in 2036. The agreement tasks OEG with supplying and manufacturing 200 DNV‑certified cargo‑carrying units (CCUs) at its...
ADNOC Gas Targets 80% Habshan Recovery by End-2026
ADNOC Gas announced it expects to restore 80% of the Habshan gas‑processing complex by the end of 2026, after Iranian strikes forced a shutdown in April. The Habshan complex, with 6.1 billion standard cubic feet per day capacity across five plants,...
Dolphin Drilling’s 1990-Built Rig Scores North Sea Job as 1974-Built Semi-Sub Stays in India
Dolphin Drilling, the Oslo‑listed offshore contractor, landed a firm $150 million contract with Harbour Energy for its 1990‑built Paul B. Loyd Jr. semi‑submersible on the UK Continental Shelf, extending through 30 August 2030. The agreement adds a five‑year extension option and lifts the company’s firm backlog...
Copper Quest Initiates Drilling at Rip Project in British Columbia
Copper Quest Exploration has launched a minimum 2,000‑metre drilling program at the Rip copper‑molybdenum porphyry project in British Columbia’s Stikine region. Initial holes RP24‑001 and RP24‑002 returned 0.102% copper‑equivalent over 126.6 m (including 0.268% over 24.6 m) and 0.112% copper‑equivalent over 114.3 m...
B2Gold Reports $200M Profit Surge on Strong African Output as Gold Production Reaches 237,763 Ounces
B2Gold Corp. posted a $200 million jump in net income, propelled by robust gold output from its Mali and Namibia operations. The company produced 237,763 ounces in the first quarter, reinforcing its 2025 target of up to 1.075 million ounces. A $325 million sale...
The Global Sand Crisis: It’s Being Used up Faster than It Can Be Replaced
A new UN‑UNEP report warns that the world extracts roughly 50 bn tonnes of sand each year—far faster than natural processes can replace it. Sand underpins construction, concrete, silicon chips and solar panels, yet its removal erodes riverbanks, coastal defenses and...