Latest Development Activity News

Island Pharmaceuticals has completed dosing in the Phase 2b cohort of its dengue fever trial, with pharmacokinetic targets met and top-line results expected next month. The company also strengthened its balance sheet by raising $1.94 million through option exercises.

Pancontinental Energy reports a significant 3.8 billion barrels of net prospective oil resources at its Saturn Complex in Namibia’s PEL 87, advancing farmout talks and environmental approvals for exploration drilling.

Infini Resources reports promising uranium assays from maiden drilling at Falls Lake and completes key Athabasca Basin acquisitions, backed by a $3.4 million Canadian capital raise.

Australian Critical Minerals reports significant high-grade iron ore discoveries at its Pilbara Shaw and Cooletha projects, while strategically withdrawing from rare earths to concentrate on iron assets.

Hot Chili Limited has achieved priority project registration for its Costa Fuego and Huasco Water copper-gold developments in Chile, unlocking streamlined government approvals and reinforcing its strategic growth trajectory.

Predictive Discovery Limited has reported robust drilling results at its Bankan Gold Project in Guinea, alongside key environmental approvals and a strategic A$69 million capital raise, positioning the company for accelerated development.

Lord Resources has identified compelling new copper sulphide targets at its Ilgarari Copper Project through a detailed gravity survey and has formally commenced an earn-in agreement to acquire up to 80% interest in the project’s sulphide rights.

Titanium Sands Limited has secured the Terms of Reference for the Environmental Impact Assessment of its Mannar Heavy Mineral Project, marking a pivotal regulatory milestone. The company is also progressing tenure retention applications amid plans for further capital raising.

Blue Star Helium has commenced drilling the Jackson 2 well at its Galactica helium project in Colorado, marking a key step in its ongoing development program. The well is progressing towards the Lyons Formation target with plans for flow testing and production tie-in.

Cyclone Metals has inked a binding agreement with Vale S.A. for up to USD 138 million to develop its Iron Bear Project in Canada, marking a significant step forward with successful pilot production runs of high-grade iron concentrates and pellets.

Summit Minerals appoints Dr Matthew Cobb as CEO, suspends drilling at Barra Lithium, and pivots to prioritize wholly owned Brazilian projects with drilling permits nearing approval.

Vulcan Energy Resources reported a €12.8 million net cash outflow from operations in Q1 2025 but maintains strong liquidity with nearly €79 million in cash and €10 million in unused credit facilities.