Critical Minerals Strategy
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PTX Metals Welcomes Ontario Support Through OJEP Funding, Highlights Growing Momentum in Province's Mining Sector
TMX Newsfile· 2026-03-27 13:14
Toronto, Ontario--(Newsfile Corp. - March 27, 2026) - PTX Metals Inc. (TSXV: PTX) (OTCQB: PANXF) (FSE: 9PX) ("PTX" or the "Company") welcomes its inclusion in the latest intake of the Ontario Junior Exploration Program (OJEP), which provides $215,000 in funding for the company to cover eligible costs for mineral exploration and development. PTX also pointed to a series of recent federal and provincial announcements as evidence of growing momentum to strengthen Canada's critical minerals sector including i ...
Harena eyes California rare earth, uranium assets
MINING.COM· 2026-03-16 16:07
Core Viewpoint - Harena Rare Earths is pursuing expansion into the US by acquiring critical minerals exploration projects in California, specifically targeting heavy rare earth and uranium assets in San Bernardino County, which is home to the only producing rare earth mine in the country [1][2]. Group 1: Acquisition Details - The company has entered an exclusivity agreement to purchase a portfolio of assets currently held by Paradigm Critical Minerals, strategically located near MP Materials' Mountain Pass mine [2]. - The assets are expected to enhance Harena's role in the US government's critical minerals strategy [2]. Group 2: Geological and Historical Context - San Bernardino County has the highest number of mines and mining claims in California, attributed to its favorable geology and supportive regulatory environment [3]. - The assets were initially developed for gold and silver but have shown potential for uranium and rare earths, with historical drilling results indicating high-grade rare earth potential [6][9]. Group 3: Exploration Potential - The area remains largely underexplored, lacking modern systematic exploration, which presents opportunities for advancement through various geological methods [7]. - Historical drill intercepts for uranium have shown promising results, including 30.3 meters at 0.37% U₃O₈e, with higher-grade zones reaching up to 10% U₃O₈e [8]. Group 4: Company Strategy and Future Steps - Harena aims to broaden its exposure to international critical minerals exploration and development, moving beyond its focus on the Ampasindava project in Madagascar [4]. - The company will conduct technical, legal, and commercial due diligence on the acquired assets to determine the feasibility of a definitive transaction [9].
Zentek Provides PDAC 2026 Update - Government and First Nations Engagement
Accessnewswire· 2026-03-09 20:10
Core Insights - Zentek Ltd. provided an update on its activities at the PDAC 2026 Convention, focusing on government and First Nations engagement regarding the Albany Graphite Project [1] Government Engagement - The company participated in the TSX Canadian Mining Roundtable on March 2, 2026, discussing Canada's critical minerals strategy and the importance of domestic projects for NATO-aligned supply chains [1] - Albany Graphite's nuclear-grade purity and its location in Northern Ontario were highlighted during discussions with federal government representatives and Invest Ontario [1] - The company is advancing Albany's positioning within federal and provincial critical minerals funding frameworks, consistent with its government engagement strategy outlined in a previous news release [1] First Nations Engagement - Zentek attended a working session hosted by the Chiefs of Ontario, focusing on Indigenous consultation frameworks for mineral development in Ontario [1] - A working session with Constance Lake First Nation (CLFN) was held to advance collaboration, as the company prepares for environmental baseline studies and a new Preliminary Economic Assessment [1] - An existing implementation agreement with CLFN outlines governance, roles, responsibilities, and a framework for future project partnership [1] Albany Graphite Project - The Albany Graphite Project is located in Northern Ontario and is held through the company's subsidiary Albany Graphite Corp [1] - Independent testing confirmed Albany graphite achieves ultra-high purity of 99.9992% with a boron concentration of 2.60 ppm, suitable for nuclear-grade applications and lithium-ion battery anodes [1] - The project aims to become a North American source of critical-grade graphite for nuclear, battery, and defense supply chains [1] Company Overview - Zentek Ltd. is focused on developing and commercializing graphene-enabled and advanced material technologies across clean air, next-generation materials, and critical minerals [1] - The company's core platforms include Albany Graphite, ZenGUARD™, and Triera [1]
Critical One Energy Regains Full Control of Uranium and Copper Assets in Namibia, Africa
TMX Newsfile· 2026-02-27 11:50
Core Viewpoint - Critical One Energy Inc. has mutually agreed to terminate the purchase agreement with Dark Star Minerals Inc. regarding the sale of its Namibia assets, which include uranium and copper projects in a well-established mining jurisdiction [1][3][4]. Group 1: Termination of Agreement - The termination of the agreement was executed by mutual consent, with Critical One agreeing to return 14,200,000 common shares of Dark Star without incurring any termination fees or penalties [3]. - Duane Parnham, the Founder, Executive Chairman, and CEO of Critical One, has also terminated his advisory role with Dark Star effective immediately [3]. Group 2: Namibia Assets Overview - The Namibia Assets consist of interests in the Khan and Cobra uranium projects located in Namibia's Erongo uranium province, a region known for its significant uranium production [2]. - Namibia is recognized as one of the world's top uranium-producing countries, providing exposure to both uranium and copper potential [2]. Group 3: Strategic Focus - Following the termination, Critical One aims to regain full control of the Namibia Assets, which is seen as a strategic move given the renewed pricing strength in copper and uranium markets [4]. - The company’s primary focus remains on advancing the Howells Lake Antimony-Gold Project in Ontario, Canada, where it plans to commence its maiden drill program after receiving an exploration permit [4]. - The Howells Lake Project is strategically positioned to contribute to Canada's critical minerals strategy, reducing reliance on foreign supplies amid growing global demand [4][5]. Group 4: Future Plans - Critical One intends to explore the optionality created by the return of the Namibia Assets in a manner that complements its planned program at the Howells Lake Project [5]. - Further updates regarding the plan for the Namibia Assets will be provided as they are formalized [5]. Group 5: Company Overview - Critical One Energy Inc. is focused on critical minerals and upstream energy, with a portfolio that includes antimony, gold, uranium, and copper assets [6]. - The company is strategically positioned to meet the rising global demand for critical minerals and metals, leveraging its technical, managerial, and financial expertise to drive growth and deliver value to shareholders [6].
New Age Metals Expands Pgm Portfolio With Strategic Staking Of The Escape East Pgm-Ni-Cu Project Adjacent To Clean Air Metals' Deposits In Northwestern Ontario
Thenewswire· 2026-02-26 22:15
Core Insights - New Age Metals Inc. has acquired the Escape East Project, a 100%-owned PGM-Ni-Cu exploration property of approximately 4,000 hectares in Northwestern Ontario, enhancing its portfolio in a strategic area [1][3][6] Project Details - The Escape East Project is adjacent to the Thunder Bay North Project operated by Clean Air Metals Inc., which contains significant PGM deposits [2][10] - The project is located near the Lac des Iles Mine, Canada's only primary palladium-producing operation, providing excellent infrastructure and logistical support [3][6][13] - The geological setting is interpreted to be prospective for intrusion-hosted PGM-Ni-Cu mineralization, with historical exploration indicating magnetic anomalies and sulphide-bearing zones [8][9][12] Strategic Alignment - The acquisition aligns with Canada's Critical Minerals Strategy, emphasizing the importance of platinum group metals in emissions control technologies and clean energy systems [4][6] - The company aims to build a leading Canadian-focused PGM exploration portfolio through disciplined acquisition and systematic technical advancement [5][19] Exploration Strategy - New Age Metals plans to advance the Escape East Project through a phased exploration program, focusing on enhancing geological understanding and prioritizing high-quality targets for potential drill testing [13][17] - The company intends to engage with local First Nations to ensure responsible exploration practices [6][17] Broader Portfolio - The Escape East Project complements the company's existing PGM projects, including the River Valley Project and the Platreef PGM Project, expanding its land position in a well-established geological environment [3][19] - New Age Metals also has interests in lithium and antimony-gold projects, indicating a diversified approach to critical metal exploration [16][20][23]
Critical One Energy Receives Exploration Permit for Howells Lake Antimony-Gold Project
TMX Newsfile· 2026-02-23 16:25
Toronto, Ontario--(Newsfile Corp. - February 23, 2026) - Critical One Energy Inc. (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF) ("Critical One" or the "Company"), a leading Canadian mining exploration company focused on critical metals and minerals, is pleased to announce that the Ontario Ministry of Energy and Mines has issued an Exploration Permit, PR-24-000227, for its Howells Lake Antimony-Gold Project ("Howells Lake Project") located in the Thunder Bay Mining District of Ontario. Located approximately 120 kil ...
Surge Copper Announces Berg Project Acceptance into BC Critical Minerals Office
Globenewswire· 2026-02-20 20:30
Core Insights - Surge Copper Corp. has announced the acceptance of its Berg Project into the British Columbia government's Critical Minerals Office, highlighting its strategic importance in the context of national and provincial critical minerals objectives [1][2][3] Group 1: Project Overview - The Berg Project is expected to produce significant quantities of critical minerals, including copper and molybdenum, potentially ranking among the largest outputs in Canada, thereby reinforcing its strategic importance to British Columbia's economic goals [2][4] - Surge Copper Corp. is advancing a Pre-Feasibility Study to further define the technical and economic parameters of the Berg Project, which has a projected mine life exceeding 30 years [6] Group 2: Government Support - The inclusion of the Berg Project in the Critical Minerals Office reflects the British Columbia government's recognition of its potential contribution to the province's critical minerals strategy, providing coordinated support across various ministries [3][4] - The Minister of Mining and Critical Minerals emphasized the importance of partnerships in advancing critical mineral development, indicating that the Berg Project represents a significant opportunity for economic resilience and global supply chain security [4][5] Group 3: Community Engagement - Surge Copper Corp. is committed to working closely with local First Nations, ensuring early engagement and transparent communication as part of its project advancement strategy [7][5] - The Vice President of Environment and Regulatory Affairs highlighted the importance of collaboration with provincial agencies and First Nations in advancing large-scale projects responsibly and efficiently [5]
New Frontier to hold 90% of Québec’s Pomme REE Project
Yahoo Finance· 2026-02-12 13:47
Core Viewpoint - New Frontier Minerals (NFM) has signed a binding option and earn-in agreement to acquire a 90% interest in the Pomme Rare Earth Element (REE) Project in Québec, Canada, which is expected to significantly advance its critical minerals strategy [1][3]. Group 1: Project Details - The Pomme REE Project is located approximately 500km north-west of Montréal and encompasses 43 mineral claims over an area of 2,400 hectares [1]. - The project is situated near the Montviel Deposit, which has significant indicated and inferred resources, and benefits from easy access via existing logging roads [2]. Group 2: Exploration and Historical Data - Historical drilling at the Pomme REE Carbonatite site has shown promising results, including drill-hole POM-23-03 with 398m at 0.54% total rare earth oxides (TREO) and 0.05% niobium pentoxide from a depth of 16m, and drill-hole POM-23-01 with 513m at 0.33% TREO and 0.08% from a depth of 32m [5]. Group 3: Financial and Strategic Aspects - The agreement involves an initial investment of A$100,000 (approximately $71,149.8) in cash and A$200,000 in shares, with additional contingent payments based on meeting investment and technical milestones [6]. - NFM has engaged Viriathus Investor Advisory to enhance its visibility among US investors, and the strategic partnership with Metallium is expected to improve NFM's capabilities in REE resource development [6][4].
New Age Metals Options Magnet Lake Property Further Expanding the Bonanza Ridge Gold & Critical Metals Project, Kenora Mining District, Ontario
Thenewswire· 2025-12-09 14:35
Core Viewpoint - New Age Metals Inc. has entered into an option agreement to acquire the Magnet Lake Property, which consists of 55 mining claims totaling 1,147 hectares, located near Kenora, Ontario, enhancing its portfolio in the critical and precious metals sector [1][2][3] Acquisition Details - The Magnet Lake Property will be integrated into the Bonanza Ridge Gold and Critical Metals Project, reinforcing the company's position in the Kenora Mining District [2] - The acquisition includes a 2% net smelter return (NSR) royalty, which can be reduced to 1% for $1 million in cash [1] Exploration and Sampling Results - A due diligence site visit in October 2025 confirmed high-grade copper mineralization, particularly at the Gold Lake and Hollow Lake Prospects, with a notable grab sample returning 2.14% copper [5][6][19] - The property has excellent infrastructure, including road access and nearby power lines, and is located 25 km from Kenora, a significant economic hub [7][18] Strategic Positioning - The acquisition aligns with the Ontario Government's Critical Minerals Strategy, which aims to develop a world-class critical minerals jurisdiction [3][19] - New Age Metals holds a 12.2% stake in Metal Quest Mining Corp., which is also acquiring strategic positions in the Ring of Fire region, positioning the company to benefit from the growing critical metals market [4][19] Financial Terms of the Option Agreement - The option agreement includes a series of cash payments and share issuances over three years, starting with $10,000 and $25,000 in shares within 10 days of regulatory approval [21][22] - The agreement allows the company to terminate after fulfilling the first year's commitments [21] Industry Context - Copper has been designated a critical mineral by the Government of Canada since 2024, highlighting its importance in clean technologies and supply chain security [19] - The Kenora Gold District has a long history of high-grade mineralization and is recognized for its potential in the mining industry, with established infrastructure and a skilled workforce [20]
Export-Import Bank of the United States and Export Finance Australia Provide Conditional and Non-Binding Support for Potential Financing of up to US$600 Million to Advance Tronox's Rare Earth Strategy
Prnewswire· 2025-12-09 11:45
Core Points - Tronox Holdings plc has received non-binding Letters of Support/Interest from Export Finance Australia (EFA) and Export-Import Bank of the United States (EXIM) for up to US$600 million in financing to develop a rare earth elements supply chain [1][2] - The financing will support mine extensions, infrastructure, and cracking and leaching capacity, aligning with the U.S.-Australia Framework for Securing Supply in Critical Minerals and Rare Earths [1][2] - Tronox is progressing from a pre-feasibility study to a definitive feasibility study for a proposed facility in Western Australia to produce mixed rare earth carbonate [2][3] Company Overview - Tronox is a leading integrated manufacturer of titanium dioxide pigment and is involved in mining titanium-bearing mineral sands and producing high-grade titanium feedstock materials [5] - The company employs approximately 6,500 people globally and is recognized for its vertical integration and operational expertise [5] Support from Financial Institutions - The Letters from EFA and EXIM indicate a strong interest in collaborating with Tronox to leverage its existing mining and processing capabilities for rare earth elements [2][3] - EFA's support is contingent upon satisfactory completion of due diligence, including environmental and financial assessments [3] Strategic Importance - The initiative is seen as a significant milestone for Tronox, positioning the company as a key supplier of rare earth elements critical for industries such as permanent magnets, defense, and advanced technology [3] - The project aligns with the critical mineral strategies of both Australia and the United States, highlighting the importance of securing supply chains in these sectors [3]