Latest Joint Ventures News

Peak Rare Earths Limited has agreed to be acquired by Ganzhou Chenguang Rare Earths New Material Co., Ltd., a subsidiary of Shenghe Resources, in a deal valuing Peak at A$150.5 million plus proceeds from a proposed entitlement offer. The transaction offers Peak shareholders a significant premium and aims to accelerate development of the Ngualla Rare Earth Project.

Global Uranium and Enrichment Limited is set to launch a major 38,000-metre drilling campaign at its Pine Ridge Uranium Project in Wyoming’s Powder River Basin, aiming to unlock a significant uranium resource in a leading US mining region.

Peet Limited announces the planned departure of long-serving CEO Brendan Gore, with CFO Brett Fullarton stepping in as interim leader. The company also signals a strategic review amid shareholder requests.

Kinetiko Energy has spudded a new production test well in South Africa, aiming to unlock a substantial 6.0 TCF conventional gas resource that could ease the country’s energy crisis. Optimized drilling techniques are expected to overcome earlier flow challenges, accelerating the path to commercial gas production.

Lanthanein Resources has confirmed primary gold mineralisation at its Lady Grey Project in Western Australia, with diamond drilling intersecting promising grades aligned with prior geophysical and geochemical targets.

Kincora Copper Limited reports a strategic pivot to a project generator model, unlocking over A$110 million in partner funding and advancing multiple copper-gold exploration projects across Australia and Mongolia.

Lendlease is in advanced talks to form a 50/50 joint venture with Crown Estate, aiming to accelerate capital release and enhance development delivery across its UK portfolio.

Marmota Limited has released its first detailed report on the Greenewood Gold deposit, revealing multiple high-grade gold intersections near surface and plans for a new drilling campaign to expand the resource.

Auric Mining is set to complete its final gold processing campaign at Jeffreys Find, aiming to generate $3.5 to $4.5 million in cash distributions and surpass 30,000 ounces mined from the project.

Melbana Energy reports steady oil production from its Alameda-2 well with over 15,000 barrels stored and prepares to drill the Amistad-2 well imminently, advancing its Block 9 development in Cuba.

MRG Metals has been granted the Linhuane Heavy Mineral Sands licence in Mozambique, revealing promising historical drilling results with high total heavy mineral grades. This licence enhances MRG’s portfolio and sets the stage for potential early development.

Tamboran Resources has finalized a US$15 million sale of 100,000 acres to Daly Waters Energy, retaining a dominant 1.9 million-acre position in the Beetaloo Basin and setting the stage for its Phase 2 gas development targeting Australia's East Coast market.