Browsing Category
Metals and Mining Industry News
2282 posts
Albemarle Q2 EBITDA jumped 155%. Why is BHP’s Ragnar Udd taking over as CEO?
Albemarle Corporation has selected BHP chief commercial officer Ragnar Udd to succeed Kent Masters as chief executive officer as higher lithium prices drive a 155% increase in quarterly adjusted EBITDA after years of painful industry oversupply.
Vale Base Metals IPO reportedly shelved as $24.6bn valuation benchmark meets surging copper earnings
Vale has reportedly put the Vale Base Metals IPO on hold indefinitely after preparing the copper-and-nickel unit for a potential 2026 listing. The decision comes after VBM generated $3.36 billion of 2025 adjusted EBITDA and another $2.49 billion in the first half of 2026. Manara Minerals’ earlier 10% investment implied roughly $24.6 billion of equity value, making the postponed listing as much a valuation decision as a political one.
Anson Resources (ASX: ASN) surges 21% as Utah approves up to $194m Green River tax incentive
Utah authorities have approved a property-tax rebate framework for Anson Resources' Green River Lithium Project capped at US$193.996 million over as many as 25 years. The headline amount equals roughly 34% of the project's estimated US$569 million capital requirement, but it is not upfront financing and only begins after the project is completed and operating.
Stanmore (ASX: SMR) agrees $105m Moranbah South deal as 724Mt resource joins pipeline
Stanmore Resources has agreed to acquire the Moranbah South tenements from Exxaro Resources for US$105 million, adding 724 million tonnes of Measured and Indicated coal resources beside two of its key Bowen Basin development projects. The transaction also extinguishes up to US$60 million of contingent obligations, although completion remains subject to Exxaro first consolidating ownership and obtaining regulatory approvals.
Cerrado Gold closes C$10m Sprott financing as MDN production ramps
Cerrado Gold has completed a C$10 million strategic private placement with Eric Sprott, issuing four million units at C$2.50 each. The financing strengthens a company already producing positive EBITDA at Minera Don Nicolas, but the attached warrants could create another two million shares if CERT trades above C$3.35.
Ionic Rare Earths (ASX: IXR) proposes $100m Missouri recycling JV with USSM
Ionic Rare Earths has signed a term sheet for a 50:50 United States magnet-recycling joint venture with US Strategic Metals. The initial facilities contemplate US$100 million of funding, with USSM providing US$95 million and Ionic's proposed direct equity contribution representing only about US$2.5 million, although definitive agreements have not yet been signed.
Lightning Resource (TSXV: LTNG) share base more than doubles as Prospector deal closes
Lightning Resource has completed its acquisition of Prospector Metals' non-Yukon portfolio and released C$4 million of financing proceeds. The transaction adds four Canadian exploration projects but also increases Lightning's ordinary share base from roughly 29.4 million to about 66.8 million shares before warrants, fundamentally changing both its assets and ownership structure.
Lindian (ASX: LIN) locks in 70% Carester offtake as 8,000tpa Kazakhstan rare earth oxide plan moves toward DFS
Lindian Resources has secured Carester as a long-term buyer for 70% of planned heavy rare earth output while advancing an 8,000tpa oxide-separation facility in Kazakhstan. The agreement creates a route into a French refinery backed by €216 million of French and Japanese funding, but construction economics and production still depend on a year-end feasibility study.
EQ Resources (ASX: EQR) revenue hits A$55.1m as EQR shares slide 9.4%
EQ Resources generated a record A$55.1 million of August revenue as tungsten production increased 34%, yet EQR shares fell 9.4%. The contrast reflects an important detail beneath the headline: production expanded much faster than revenue as the group's average realised tungsten price declined from July.
Glencore deepens Abcourt exposure with US$40m debt and six-year gold offtake
Abcourt Mines has closed a US$10 million increase to its Glencore financing, taking the senior secured debenture to US$40 million and accelerating capital into Sleeping Giant and Flordin. The deal replaces a US$12 million Nebari facility with cheaper secured funding while issuing Glencore almost 47 million long-dated warrants.