Latest Critical Minerals Supply News

Northern Minerals Limited (ASX – NTU) has launched a $60.5 million equity placement to fund the development of its Browns Range Heavy Rare Earths Project in Western Australia, supported by strategic partnerships and conditional debt backing from Australian and US government agencies.

Northern Minerals has raised $60.5 million through a heavily oversubscribed placement to advance its Browns Range Heavy Rare Earths Project, positioning itself as a key supplier of critical minerals essential for clean energy and defense technologies.

Larvotto Resources has dismissed a non-binding acquisition offer from United States Antimony Corporation, reaffirming confidence in its undervalued shares and the promising Hillgrove Antimony-Gold Project set for production next year.

Nova Minerals has secured a significant US$43.4 million funding award from the U.S. Department of War to accelerate its Estelle Project in Alaska, advancing both gold and antimony development with strong government backing and infrastructure progress.

Australian Strategic Materials (ASM) reports significant progress in rare earth metals production and strategic growth, including a major capital raise and advances in its Dubbo and US projects.

Krakatoa Resources has agreed to sell its non-core Belgravia Project in New South Wales for $350,000, redirecting capital to advance its strategic Zopkhito Antimony-Gold Project in Georgia, a critical minerals asset positioned to serve European markets.

Encounter Resources has extended high-grade niobium and rare earth element mineralisation over 1km east of its initial Green deposit resource, confirming the scale of this critical minerals system in Western Australia.

Great Northern Minerals has completed its strategic acquisition of the Catalyst Ridge Project in California, positioning itself in a key US critical minerals hub with promising rare earth and antimony prospects.

Evion Group has raised $2.3 million through a placement led by US-based Atlas Strategic Assets, aiming to expand graphite production in India and develop new facilities in the US. This move highlights Evion's growing role in critical minerals supply chains for allied industrial and defense sectors.

Sunrise Energy Metals has secured a strategic partnership with Lockheed Martin, granting the defense giant an option to purchase a quarter of scandium production from the Syerston Project over five years, aiming to boost scandium adoption in aerospace and defense.

Southern Cross Gold reports a major breakthrough at its Golden Dyke prospect with a 168-meter high-grade gold-antimony mineralized intersection, hinting at a vast, connected system with Rising Sun. The discovery underscores the strategic value of the Sunday Creek project amid critical mineral supply concerns.

Red Mountain Mining reports exceptional high-grade antimony and gold results from its Armidale Project in NSW, positioning itself strongly amid growing government support for critical minerals.