Development costs at St George Mining Ltd (ASX:SGQ, FRA:S0G, OTC:SGQMF))'s Araxá Project in Brazil will fall after the State of Minas Gerais signed a preferential goods tax regime covering project build-out and processing infrastructure.
Under the approved regime, equipment and other materials acquired for Araxá’s development — including items for a pilot plant and any future full-scale industrial plant — will be exempt from the State goods tax, which St George said can be as high as 18% and is typically applied at the time of purchase.
AuMEGA Metals Ltd (ASX:AAM, TSX:AUM, OTCQB:AUMMF, FRA:FRA: MA30) is looking to raise up to C$10 million through a brokered LIFE offering, with the bulk of the funds to be directed towards exploration in Newfoundland and Labrador.
The company plans to issue up to 42,553,191 flow-through shares at C$0.0470 each, 55,147,059 charity flow-through shares at C$0.0544 each and 125,000,000 common shares at C$0.040 each.
Horizon Minerals Ltd (ASX:HRZ) has lifted its consolidated gold Mineral Resource after re-reporting multiple deposits at a lower cut-off grade, effectively pulling more lower-grade mineralisation into the reported inventory as the gold price environment improves project economics.
The company’s updated group position is 34.32Mt at 1.7g/t Au for 1.88Moz, underpinned by its larger cornerstone assets at Boorara and Burbanks. While the overall grade fell due to the inclusion of more lower-grade material, Horizon is framing the update as an “ounces-first” outcome that expands optionality as it advances studies around its broader Kalgoorlie and Coolgardie footprint.
Satellite imagery shows Rio Tinto Ltd is accelerating activity at the Simandou iron ore project in Guinea, with shipments now under way and infrastructure close to completion.
Shares in the FTSE 100 miner hit an all-time high of 7,421p on Thursday, up 0.7% on the day, 22% since the start of 2026 and 47% since this time last year.
Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has established a sponsored Level 1 American Depositary Receipts (ADR) program in a move aimed at lifting its profile and liquidity among North American investors.
The company confirmed the program became available for trading in the United States on February 11, 2026, and will trade over the counter (OTC) under the ticker ALKRY. One ADR represents 10 Alkane ordinary shares.
Elon Musk’s AI chatbot Grok has moved up to third place among the world’s most-visited generative AI platforms, overtaking rival DeepSeek on web traffic measures, according to new data from digital analytics firm Similarweb.
As first reported by Forbes, Similarweb estimates Grok recorded roughly 314 million web visits in January 2026, compared with about 298 million for DeepSeek. That shift pushes Grok into the No. 3 spot globally, behind OpenAI (Unlisted:OPAI)’s ChatGPT and Google’s Gemini.
Cobre Ltd (ASX:CBE) is aiming to transform itself into a copper producer after launching a A$60 million capital raising to acquire a majority interest in the Sierra Atacama Copper Project in Chile’s Antofagasta region. The binding and exclusive agreement with Minera Salar Blanco (MSB) gives Cobre the right to earn up to 51% of the district-scale project, which spans about 40,000 hectares in one of the world’s premier copper belts.
Sierra Atacama hosts an operating underground mine currently producing about 400 tonnes of copper cathode per month via heap leach and SX-EW processing. The project also includes extensive, largely unexplored ground adjacent to major copper operations including Marimaca and Capstone Copper’s Mantos Blancos mine.
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL) says it remains on track to deliver first gas from the Beetaloo Basin in the third quarter of 2026, with its December quarterly outlining steady drilling progress, advancing infrastructure and strengthened funding.
The company’s Shenandoah South (SS) Pilot Project remains the centrepiece of its near-term development plans, with multiple wells drilled and stimulated and compression and pipeline infrastructure nearing completion.
Albemarle Corporation (NYSE:ALB, XETRA:AMC) will idle the remaining operating train at its Kemerton lithium hydroxide processing plant in Western Australia, placing Train 1 into care and maintenance effective immediately, in a move expected to result in about 250 job losses.
The decision follows earlier steps in 2024 to place Train 2 into care and maintenance and to abandon expansion plans for Trains 3 and 4. Albemarle said the move would improve financial flexibility and preserve optionality amid ongoing challenges in Western hard-rock lithium conversion.
Just a day after completing the acquisition of the high-grade Tillex Copper-Silver Project in Canada, Aruma Resources Ltd (ASX:AAJ) is set to start its maiden field season at the project in Ontario’s Tier-1 Timmins mining district, targeting extensions to an already substantial high-grade copper system.
The Tillex Project is a drill-defined copper sulphide asset with a 450-metre strike extent and a history of wide, high-grade intersections from more than 10,284m of diamond drilling completed by previous owners.
International Graphite Ltd (ASX:IG6, FRA:H99)'s pilot-scale purification testwork has exceeded its target specifications for producing high-quality expandable graphite, as it advances plans for a Europe-based expandable graphite facility supplying European industrial markets.
The work is being carried out by ALKEEMIA S.p.A in specialist graphite laboratories at its Port Marghera operations near Venice. International Graphite said the program draws on a mix of coarse and fine graphite concentrates sourced from operating mines in multiple jurisdictions, as well as fine graphite concentrates generated from its Springdale Graphite Project.
Yandal Resources Ltd (ASX:YRL) has mapped a primary gold-bearing structure over more than 1.2 kilometres of strike at its Arrakis Prospect, setting up a new phase of closer-spaced drilling in 2026 as the company looks to define higher-grade trends within the system.
The latest reverse circulation (RC) results from late 2025 drilling confirm fresh rock mineralisation along the Arrakis trend at the 100%-owned Ironstone Well-Barwidgee (IWB) Gold Project in Western Australia’s northern Yandal Greenstone Belt.
Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO, FRA:1NOR) has sharpened its focus on a multi-jurisdiction gold and antimony exploration pipeline, with an upgraded exploration target at its Victorian Belltopper project and a series of drill-ready prospects emerging across Western Australia and New South Wales.
