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Metals and Mining Industry News
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USA Rare Earth lands $750m U.S. government backing for Serra Verde rare earth supply
USA Rare Earth secured $1.55B of backing for Serra Verde, including $750M from the U.S. government and a $300M purchase contract.
Silver Elephant (TSX: ELEF) reports 35% cash-flow margin from first three sales
Three toll-milled batches have generated approximately US$1.4 million of cash proceeds, while silver concentrate grade increased from 5,916 g/t in the first batch to 11,577 g/t in the third.
Perenti (ASX: PRN) holds revenue flat but lifts record margin and sells BTP for A$100m
FY26 revenue remained near A$3.46 billion, but record EBIT(A), lower leverage and A$140–155 million of planned capital recycling show Perenti increasingly prioritising returns over headline scale.
Montero Mining (TSXV: MON) plans C$2.2m raise with 4m new shares for Elvira drilling
The proposed four-million-unit financing equals 47% of Montero’s current basic share count and could create another two million shares through warrants if fully subscribed and exercised.
Exxaro Resources (JSE: EXX) lifts coal output 11% but affiliate income cuts HEPS 20%
Revenue increased to R22.1 billion and coal production rose 11%, but a 39% decline in adjusted equity-accounted income pushed HEPS down 20% and reduced the interim dividend.
JSW Steel (NSE: JSWSTEEL) shareholders clear Piombino Steel amalgamation
JSW Steel shareholders have approved the amalgamation of Piombino Steel into the listed parent, advancing a restructuring that will simplify ownership around the JFE partnership and former Bhushan Power & Steel business.
StrikePoint Gold (TSXV: SKP) upsizes raise to C$160m for US$70m Newmont gold deal
The bought deal has grown from C$140 million to C$160 million and could reach C$190 million, funding a US$70 million upfront purchase of a Nevada project carrying 4.43 million indicated and inferred gold-equivalent ounces.
Can Hindustan Copper turn Rs 7,189cr capex into 12.2 MTPA mine capacity?
Hindustan Copper plans â‚ą7,188.90 crore of mine-expansion capex through FY30, targeting an increase in ore-production capacity from 4.21 MTPA to 12.2 MTPA while pursuing mine revivals and new deposits.
Copper Giant (TSXV: CGNT) closes C$31m raise as Denarius takes 15.34% stake
Denarius Metals supplied C$28.8 million of the financing and now owns 15.34%, while Trafigura has secured rights to 20% of future Mocoa copper and molybdenum concentrate for ten years.
CleanTech Lithium (AIM: CTL) cuts Laguna Verde cash price 60% and ends dispute
Cash consideration for 23 Laguna Verde concessions falls from US$35 million to US$14 million, with US$9 million of the remaining payments dependent on future lithium sales.