Latest Commodity Markets News

Scorpion Minerals highlights strong gold and copper exploration prospects in its December 2024 quarterly report, focusing on the largely untested Pharos Project and strategic plans for the Mt Mulcahy copper asset.

Newfield Resources Limited reports a strategic pivot for its Tongo Diamond Mine, engaging a joint development partner to reduce costs and delay bulk sampling amid a depressed diamond market.

CuFe Ltd has completed the sale of its JWD iron ore rights and Crossroads gold royalty, while forging a strategic alliance to advance copper and gold projects in Tennant Creek. These moves position the company for focused exploration and development in 2025.

Corazon Mining Limited posted a $755,000 net cash outflow for the December 2024 quarter, ending with $1.13 million in cash. The company plans to continue exploration at a reduced expenditure level while monitoring its funding position closely.

Euroz Hartleys Group reports a striking 501% jump in net profit for H1 FY2025, driven by strong capital raising and diversified revenue streams, prompting a dividend increase to 2 cents per share.

Mont Royal Resources confirms a continuous lithium mineralised zone at its Bohier Lithium Project in Quebec, highlighting promising exploration potential while stepping back from its Wapatik Gold-Copper option.

Global Lithium Resources pauses Definitive Feasibility Study on its flagship Manna Lithium Project due to challenging lithium markets, while advancing strategic acquisitions and exploration in Western Australia.

Torque Metals and Aston Minerals have announced a merger of equals, combining their gold assets to create a diversified explorer with 1.75 million ounces of gold resources and enhanced growth potential.

Galan Lithium has received US$3 million from Latam Resources, an affiliate of Chemphys, to fund ongoing operations at its Hombre Muerto West project, advancing its path toward production and an offtake prepayment facility expected in Q1 2025.

Kingfisher Mining has confirmed two new rare earth element lodes and reported exceptional copper assays, bolstering its position in the Gascoyne region amid ongoing strategic diversification.

Antares Metals Limited reported a net cash outflow of $704,000 for the December 2024 quarter, driven by operating expenses, while maintaining a healthy cash balance of nearly $3 million.

Alcoa Corporation reported robust fourth quarter and full year 2024 results, driven by higher alumina and aluminum prices, operational gains, and key strategic initiatives including the Alumina Limited acquisition.