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Metals and Mining Industry News
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Arc Mineral Royalties (TSXV: ARO) starts trading with C$12m financing and Mt Henry royalty
Arc Mineral Royalties Ltd., formerly Stria Lithium, has begun trading after completing its change of business, a C$12 million financing and acquisition of a 1% royalty over Western Australia’s Mt Henry gold project, leaving the new royalty platform with about C$9 million for additional deals.
USA Rare Earth closes Serra Verde deal with $300m cash, 126.8m shares
USA Rare Earth completed its Serra Verde combination on September 3 with $300 million of cash and 126.8 million shares, then broke ground six days later on a $1.2 billion South Carolina magnet facility targeting 2028 commissioning.
First Graphene wins first Pacific Urethanes PureGRAPH mining order
First Graphene has converted development work with Pacific Urethanes into a production order for PureGRAPH in mining polyurethane systems, creating a new commercial application without yet establishing meaningful revenue scale.
Century Lithium files Angel Island Mine Plan as Nevada lithium project enters federal review
Century Lithium has filed the Mine Plan of Operations for its Angel Island lithium project in Nevada, moving a project carrying a $4.01 billion feasibility-study NPV toward environmental review while leaving the much larger financing challenge ahead.
Kenya’s rare-earth prize draws U.S. backing as six bidders compete for Mrima Hill
The United States says it will help Kenya build a domestic critical-minerals processing industry as Nairobi evaluates six bidders for Mrima Hill, a coastal rare-earth and niobium deposit estimated to contain resources worth tens of billions of dollars.
Westgold Resources (ASX) falls as A$480m growth plan tests cash returns
Westgold Resources has mapped a fully funded route toward roughly 500,000 ounces of annual gold production, but a heavy FY27 investment programme has investors asking how much near-term cash flow must be sacrificed to get there.
Nova Minerals (ASX: NVA) gets 500t of antimony equipment as US shares gain 5.9%
Nova Minerals Corp. has landed approximately 500 tonnes of crushing, sorting, milling, flotation and refining equipment at Port MacKenzie in Alaska, allowing construction of its U.S.-funded antimony processing facility to begin as the company targets initial production in 2027.
Carlin Gold (TSXV: CGD) lines up C$30m as Electrum moves toward 34.5% control
Carlin Gold Corporation has agreed a C$21.5 million strategic investment from Electrum Gold Exploration alongside a C$8.5 million Canaccord placement, potentially giving Electrum 34.49% of the company and transforming the exploration budget available for its Nevada portfolio.
Brazilian Rare Earths (ASX: BRE) starts pilot plant as partners fund 59% of Stage II
Brazilian Rare Earths Limited has commissioned the first stage of its Camaçari metallurgical pilot plant and produced its first rare earth concentrate, while SENAI CIMATEC and partners will fund about 59% of the next hydrometallurgical stage.
Rio Tinto (ASX: RIO) agrees to buy 357Mt Aurukun bauxite project
Rio Tinto has agreed to acquire the Aurukun Bauxite Project from Glencore and Mitsubishi Development for an undisclosed price, adding a potential eight-million-tonne-a-year Cape York mine to its Queensland pipeline while regulatory approvals, a mining lease and Traditional Owner engagement remain unresolved.