Horizon Gold Ltd (ASX:HRN, OTC:HZGLF) has confirmed a financially robust development pathway for its 100%-owned Gum Creek Gold Project in Western Australia, with a definitive feasibility study targeting first production in the second half of 2028.
The open-pit study outlines average production of 98,000 ounces of gold per annum during the first five years and total recovered production of 880,000 ounces across an initial 10-year mine life.
Uranium entered the middle of the year with a stronger fundamental backdrop than its market performance would suggest.
That is the assessment of a new mid-year analysis from Sprott Asset Management, which finds that rising long-term prices, improving policy support, growing electricity demand and constrained supply have all continued to reinforce the investment case, even as returns across uranium mining equities have disappointed.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) has signed a global exclusive memorandum of understanding (MOU) with French rail manufacturer Alstom to test and develop graphene products for the rail industry, with an initial focus on heating, ventilation and air conditioning (HVAC) systems.
Under the agreement, GMG and Alstom will collaborate on evaluating, developing and commercializing graphene-based products for rail HVAC applications. The MOU is global and exclusive, according to the company.
Namibia Critical Metals (TSX-V:NMI, OTCQB:NMREF) announced that the Joint Management Committee overseeing the Lofdal Heavy Rare Earth Project in Namibia has approved the next phase of work for the project's definitive feasibility study (DFS), including up to approximately C$11 million in additional funding to advance completion of the study.
The company also announced the award of its first major metallurgical and geometallurgical contracts under the expanded DFS program to SGS Canada, which will carry out testing and process development work.
ReElement Technologies Corporation, a rare earth element and critical mineral refining company majority-owned by American Resources Corp (NASDAQ:AREC), has added 13 professionals to support the commissioning and scaling of its refining platform.
The new hires span plant operations, engineering, maintenance, laboratory sciences, finance and process optimization, and are aimed at supporting commissioning of the company's refining campus in Marion, Indiana, as well as ReElement's strategy of expanding production capacity in line with commercial customer demand.
Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF, FRA:8SR) has announced that exploration at its East Goldfield property in Nevada identified two gold-bearing feeder structures that the company believes warrant further investigation, as geological mapping and a new geophysical survey continue to refine drill targets.
The company completed a three-phase sampling program using portable gas-powered diamond drills to investigate several prospective high sulphidation feeder structures, or ledges.
Harvest Minerals Ltd (AIM:HMI, OTC:HMIFF) shares soared, rising 45% to 0.33p, after it announced a deal to acquire eight Brazilian rare earth projects in a deal involving A$200,000 cash and 40 million new shares upfront, with further payments tied to exploration and development milestones.
The AIM-listed company will buy Scanty Mineração Ltda from Australia-listed Union Star Metals, gaining 27 exploration tenements targeting ionic clay and hard-rock rare earth mineralisation.
Valereum PLC (AQSE:VLRM, FRA:6TJ, OTCQB:VLRMF) has signed a strategic partnership to expand its digital asset business across Africa and the Indian Ocean.
The company, which is listed on the Aquis Stock Exchange and aims to become a leader in tokenised digital markets, has teamed up with Blockchain Digital Assets Limited (Africa).
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) said the exploration timetable for its offshore Uruguay interests has been extended by a year, while an Argentine offshore licensing opportunity moved towards a formal international tender.
Uruguay’s state-owned energy company and regulator ANCAP agreed to suspend the initial exploration period for the AREA OFF-1 block, pushing its expiry date to 23 August 2027.
Terrain Minerals Ltd (ASX:TMX, OTC:TMXAF, FRA:T4Y) advanced its flagship Smokebush Gold and Silver Project toward a maiden mineral resource estimate during the June 2026 quarter, supported by high-grade drilling results, completed technical studies and new exploration targets across its Western Australian portfolio.
At the Lightning prospect, Terrain completed 29 reverse circulation holes for 5,309 metres, testing extensions to the known gold system along strike and at depth.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) advanced its diabetic foot infection treatment toward commercialisation during the June quarter, securing approval to expand an Australian study into a pivotal Phase 3 trial while progressing a proposed 10-year licensing agreement across the Middle East and North Africa.
The synthetic anti-infective developer also completed a successful regulatory inspection of its Indonesian Phase 3 trial site, raised A$4 million through an institutional placement and reported a pro-forma cash position of about A$33.1 million.
Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU) told investors that early drilling results indicate that the higher-grade copper zone at its Mushima North project in Zambia continues across the northern section of Target A1.
Preliminary pXRF analysis returned 45 metres at 0.41% copper and 0.28% zinc from 12 metres, including 6 metres grading 1.01% copper.
Lumos Diagnostics Holdings Ltd (ASX:LDX, OTC:LDXHF) has secured the rollout of its FebriDx rapid diagnostic test across more than 30 US urgent care sites and advanced three additional major healthcare groups, representing more than 230 sites, into clinical and economic validation.
Together, the four priority accounts represent more than 430 potential locations and an internally estimated minimum of 2.6 million acute respiratory infection presentations annually.
H&P Research has assigned Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) a risked valuation implying 113% upside, concluding that the company’s record stimulation campaign in the Beetaloo Basin has materially reduced execution risk ahead of first gas.
Silver Mines Ltd (ASX:SVL, OTC:SLVMF, FRA:SWQ) has completed a definitive feasibility study (DFS) for the Bowdens Silver Project in New South Wales, outlining a potential 26-year operation with a pre-tax net present value of A$1.04 billion and silver reserves of 93.5 million ounces.
The updated ore reserve stands at 47.9 million tonnes grading 60.8 g/t silver, 0.36% zinc and 0.26% lead, representing a 30% increase in contained silver and a 46% rise in reserve tonnes compared with the previous estimate.
Aeris Resources Ltd (ASX:AIS, OTC:ARSRF) has more than quadrupled Ore Reserves at its Tritton Operations in central New South Wales, strengthening the foundation for a long-life, multi-mine copper hub centred on the project’s existing processing infrastructure.
Tritton’s Ore Reserve now stands at 10 million tonnes grading 1.7% copper, 0.38 g/t gold and 10 g/t silver, containing around 180,000 tonnes of copper, 130,000 ounces of gold and 3.2 million ounces of silver.