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MTM Backs New US-Australia Critical Minerals Agreement
Prnewswire· 2025-10-21 12:35
Core Insights - The signing of the United States-Australia Framework for Securing Supply of Critical Minerals and Rare Earths aims to mobilize at least US$1 billion in joint project financing to enhance supply chain security and sustainability for critical minerals and rare earth elements [2][3] Company Developments - Metallium Limited's CEO, Michael Walshe, highlighted the Framework's recognition of "scrap" as a strategic feedstock, which will lead to investments in minerals recycling technology and better management of critical-mineral scrap [3][4] - The company is utilizing its patented Flash Joule Heating technology to convert waste and mine tailings into high-purity critical metals, including rare earths, and is developing a scalable processing facility in Texas through its subsidiary, Flash Metals USA [4][6] Industry Context - The initiative directly addresses the challenge posed by Chinese dominance in the refining and processing of critical minerals, which are vital for defense, clean energy, semiconductor, and advanced manufacturing applications [2] - Metallium's approach aligns with U.S. strategic supply chain objectives, focusing on low-carbon and high-efficiency recovery of critical and precious metals from various waste streams [6]
G50 Applauds Gallium Inclusion in the Landmark Critical Minerals Framework Signed by President Trump and Australian Prime Minister Anthony Albanese
Prnewswire· 2025-10-21 12:15
Core Insights - The U.S. Department of War is investing in a 100 metric ton-per-year advanced gallium refinery in Western Australia, marking a significant step towards self-reliance in critical minerals processing [2][4] - G50 Corp. Limited is advancing its Golconda project in Arizona, which is recognized as the most advanced gallium project in the U.S., with recent drilling confirming a large polymetallic discovery [3][4] Investment and Infrastructure - The agreement signed by U.S. President Donald J. Trump and Australian Prime Minister Anthony Albanese represents the first major investment by a Western government in gallium refining infrastructure [2] - The investment aims to address the challenges in sourcing, mining, and refining gallium, particularly given China's control over 98% of global production and recent export restrictions [4] Project Development - G50's Golconda Project has shown promising results from its Phase 2 drilling program, revealing over 700 meters of polymetallic resources, including gold, silver, zinc, and gallium [3] - The strategic location of the Golconda Project is expected to play a crucial role in supplying strategic metals to the U.S. and integrating into domestic supply chains [4]
Powermax Minerals Announces Commencement of Airborne Geophysical Survey at Atikokan REE Property, Northwestern Ontario
Newsfile· 2025-10-21 10:00
Powermax Minerals Announces Commencement of Airborne Geophysical Survey at Atikokan REE Property, Northwestern OntarioOctober 21, 2025 6:00 AM EDT | Source: Powermax Minerals Inc.Vancouver, British Columbia--(Newsfile Corp. - October 21, 2025) - Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) ("Powermax" or the "Company") is pleased to announce that it has commenced a high-resolution helicopter-borne magnetic and gamma-ray spectrometric survey over the Company's Atikokan REE Prope ...
Sokoman Minerals Provides Update on Stony Lake and Keats Properties
Newsfile· 2025-10-20 18:46
Core Viewpoint - Sokoman Minerals Corp. is expanding its holdings along the Valentine Lake Fault through acquisitions and agreements, enhancing its position in Newfoundland's emerging gold district [1]. Group 1: Acquisitions and Agreements - Sokoman has entered into an agreement to acquire a 100% interest in 6 mineral licenses (the "Keats Property") for a total consideration of $50,000 in cash, 2,500,000 common shares, and a 1.5% NSR royalty, half of which can be purchased for $1,500,000 [2]. - The company has also signed an option agreement with K9 Gold Corp. and District Copper Corp. for the right to acquire a 100% interest in 4 mineral licenses totaling 257 mining claims in the Valentine Lake Fault area (the "Stony Lake Property"). To exercise this option, Sokoman will issue 1,500,000 common shares to K9, 500,000 common shares to DCC, and incur sufficient exploration expenditures by December 1, 2025, or make an equivalent cash payment [3]. Group 2: Financial Update - Sokoman announced an update on a $24 million offering, stating that underwriters have the option to purchase up to an additional 7,950,000 FT Shares at the FT Share issue price for additional gross proceeds of $2,106,750 [4]. Group 3: Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing on gold projects including the flagship Moosehead project, Crippleback Lake project, and Fleur de Lys project. The company has a strategic alliance with Benton Resources Inc. and remains a major shareholder in Vinland Lithium Inc. [5].
Minerals Technologies Inc. Announces Investment to Support Significant Growth Opportunity in the Use of Renewable Fuels
Globenewswire· 2025-10-20 14:42
Core Insights - Minerals Technologies Inc. (MTI) announced an investment in its Uşak City, Turkey plant to enhance the Rafinol™ product line for the natural oil purification market [1][2] - The global natural oil purification market is valued at $1.1 billion, with renewable fuel representing 12% of this market and being the fastest-growing segment [2] - MTI's Rafinol™ brand includes two product lines: one for biodiesel and renewable diesel purification, and another for bleaching earths and adsorbents for consumer oils [3] Company Strategy - The investment in natural oil purification aligns with MTI's long-term growth strategy focused on higher-growth, consumer-oriented markets [4] - MTI aims to leverage its unique mineral reserves and technological capabilities to address complex customer challenges [4] Market Position - MTI's Rafinol™ is recognized as the leading technology in the natural oil purification market, benefiting from regulatory changes promoting renewable fuels in the U.S. and Europe [2] - The company reported global sales of $2.1 billion in 2024 and operates in 34 countries with a workforce of 4,000 employees [5]
Surge Battery Metals Advances 2025 Drill Program; Leverages U.S. Critical Minerals Policy
Newsfile· 2025-10-20 11:00
Core Insights - Surge Battery Metals Inc. is advancing its 2025 drilling program at the Nevada North Lithium Project (NNLP) to update resource estimates and support a Pre-Feasibility Study (PFS) planned for 2026 [1][2][4] - The company has engaged Cassidy & Associates to navigate U.S. federal policy and funding opportunities related to the domestic battery supply chain [4][7][8] Drilling Program - Surge is executing a nine-hole core drill program aimed at upgrading resources to Indicated and Measured categories, with completion expected by the end of October 2025 [2][3] - As of now, 80% of the drilling program has been completed, with initial observations showing promising results in lithium-bearing claystone horizons [3] Preliminary Economic Assessment (PEA) Results - The recently completed PEA indicates strong economic potential for the NNLP, with an after-tax NPV at 8% of US$9.17 billion and an IRR of 22.8% based on a lithium carbonate equivalent (LCE) price of US$24,000 per ton [6][10] - The project is expected to produce 3.6 million tons of battery-grade LCE over a 42-year mine life, with an average annual production of 86,300 tons [6] Engagement with Cassidy & Associates - Cassidy & Associates will assist Surge in advocating for federal funding opportunities, aligning with U.S. critical minerals strategies, and ensuring regulatory compliance as development progresses [7][8] - The engagement aims to enhance the company's capabilities in navigating the U.S. policy landscape [4][8] Marketing and Investor Awareness - Surge has entered into a marketing agreement with New Era Publishing Inc. for promotional services, aimed at increasing investor awareness [8]
RETRANSMISSION: Manganese X Energy Corp. Underscores Urgency to Establish North American Battery Materials Supply Chain Due to China's Recent Export Controls on Critical Minerals
Newsfile· 2025-10-20 11:00
Core Insights - The urgency to establish a North American battery materials supply chain has been highlighted due to China's recent export controls on critical minerals [2][4] - China's new export regulations, effective November 8, 2025, will impact high-performance lithium-ion batteries and various cathode materials [3] - Manganese X Energy Corp. aims to position itself as a key supplier of high-purity manganese, essential for next-generation EV batteries [4][6] Industry Context - China's export controls represent a significant escalation in its control over critical materials, which are vital for the global electric vehicle (EV) and battery energy storage systems [4] - The geopolitical landscape for critical minerals is rapidly changing, prompting a shift towards self-sufficiency in battery material production in North America and Europe [6] Company Strategy - Manganese X's Battery Hill project in New Brunswick, Canada, is positioned to address the emerging supply gap for high-purity manganese [4] - The company is committed to supplying ethically sourced, high-quality manganese materials to reduce dependency on foreign processing, particularly from China [4][5] - Manganese X aims to become the first publicly traded manganese mining company in Canada and the US to commercialize EV-compliant high-purity manganese [7]
Manganese X Energy Corp. Underscores Urgency to Establish North American Battery Materials Supply Chain Due to China's Recent Export Controls on Critical Minerals
Newsfile· 2025-10-20 04:15
Core Insights - Manganese X Energy Corp. emphasizes the urgent need to establish a North American battery materials supply chain due to China's recent export controls on critical minerals [2][4]. Industry Overview - China's new export control regulations, effective November 8, 2025, will impose restrictions on high-performance lithium-ion batteries, cathode materials, and key production technologies [3]. - These measures are expected to disrupt international supply chains and accelerate the push for self-sufficiency in battery material production in North America and Europe [4]. Company Positioning - Manganese X's Battery Hill manganese project in New Brunswick, Canada, is positioned as a crucial step towards ensuring domestic production of high-purity manganese, essential for next-generation EV cathode chemistries [4]. - The company aims to supply ethically sourced, high-quality manganese materials to reduce dependency on foreign processing, particularly from China [4][5]. Strategic Goals - The company seeks to become a cornerstone supplier of high-purity manganese in North America, aligning with government initiatives for energy security and clean technology leadership [6]. - Manganese is increasingly recognized as a critical component in high-performance EV batteries, enhancing energy density, stability, and range [5]. Future Outlook - Manganese X plans to advance its Battery Hill project into production, potentially becoming the first publicly traded manganese mining company in Canada and the US to commercialize EV-compliant high-purity manganese [7]. - The company is committed to supporting a sustainable and secure EV battery ecosystem across North America [6].
Live Energy Minerals Announces Amending Agreement with US Critical Metals for McDermitt East Lithium Project
Newsfile· 2025-10-17 21:13
Core Points - Live Energy Minerals Corp. has entered into an amending agreement with US Critical Metals Corp. to restructure the existing agreement related to the McDermitt East Lithium Project [1][2] - The new agreement allows USCM/USEM to acquire a 100% interest in the project through a series of payments, while Live Energy will retain a 2% Net Smelter Returns royalty on future production [2][8] - Live Energy has received 167,000 common shares of USCM as part of the agreement to extend certain exploration payment deadlines [3] Company Overview - Live Energy Minerals Corp. is focused on exploring clean energy minerals in North and South America, holding interests in various projects including uranium, vanadium, and molybdenum [4] - The company aims to create shareholder value by combining quality projects with proven exploration strategies [4]
Search Minerals Appoints Chief Financial Officer
Newsfile· 2025-10-17 12:14
Company Overview - Search Minerals Inc. has appointed Mr. Jason Macintosh as Chief Financial Officer (CFO), bringing over 25 years of finance experience to the role [1][2] - The company focuses on exploring and developing Critical Rare Earth Elements (CREE) and transition metals such as Zirconium and Hafnium in the Port Hope Simpson - St. Lewis CREE District of South-East Labrador [4] Leadership and Strategy - Mr. Macintosh previously served as CFO & Corporate Secretary for STLLR Gold Inc., where he provided strategic leadership for accounting and finance operations [2] - His appointment is expected to enhance the company's leadership capacity and reinforce fiscal discipline, aiming to generate long-term value for shareholders and community partners [3] Project Focus - The Deep Fox and Foxtrot Projects are highlighted as key assets for strengthening Canada's critical minerals supply chain [3] - Search Minerals controls two deposits (Foxtrot and Deep Fox) and several drill-ready prospects, indicating a robust portfolio in the CREE sector [4][5]