Allied Critical Metals Hits High-Grade Tungsten at Borralha, Strengthening Europe’s Strategic Supply
Allied Critical Metals has intersected 12m at 4.27% WO₃ at Borralha, one of the highest tungsten grades in Western exploration, as tungsten prices hit new highs.
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France's EMILI project, home to Europe's largest lithium deposit, just got a major boost. A recent pre-feasibility study revealed higher-than-expected lithium grades, doubling the project's lifespan from 25 to 50 years. This development, hailed by French Minister of Industry and Energy Marc Ferracci, solidifies EMILI's role as a cornerstone of Europe's energy transition and a key to achieving lithium production sovereignty.
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Avrupa Minerals has regained full ownership of its Sesmarias project in Portugal after a five-year partnership with Sandfire MATSA. With high-grade drill results and complex geology, the company is actively seeking a new partner to help move the project toward a mining decision.
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Pallas Resources has reported the discovery of a thick copper outcrop at its Merke and Lugovoe licences in southern Kazakhstan, while also commencing drilling at the Glubokoe Project. The developments mark major milestones in its strategic alliance with Ivanhoe Mines, reinforcing the Chu-Sarysu Basin’s status as one of the world’s most prospective copper provinces.
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Dundee Precious Metals has secured UK court approval to close its $1.25B takeover of Adriatic Metals, adding the Vareš silver-zinc mine in Bosnia to its portfolio.
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This initiative reflects our commitment to modernising industry and infrastructure while building a research base capable of supporting high-technology sectors.
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Dundee Precious Metals shareholders have overwhelmingly approved the acquisition of Adriatic Metals and a proposed name change to DPM Metals Inc., with both measures receiving over 99.7% support at a special meeting.
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Despite the volatility in the spot uranium market and the broader capital markets, some of which may be due to uncertainty brought by the tariff wars, uranium long-term price has remained stable at $80 per pound, proving that fundamentals remain strong. However, the Company does not view the current market developments to be sufficient to return to the Company’s initial 100% levels at this time, which are now being decreased by roughly 8 million pounds, cutting about 5% of the world’s primary supply." — Meirzhan Yussupov, CEO
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A new partnership between Torngat Metals and German magnet maker VAC aims to reduce reliance on Chinese rare earth supplies, bolstering the production of essential technologies for clean energy and defence. The non-binding deal focuses on securing long-term access to critical minerals from Torngat's Strange Lake project in northern Quebec.
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Kyrgyzaltyn, Kyrgyzstan’s premier mining enterprise, has formalised a series of cooperation agreements with three of Tajikistan’s foremost mining companies—Talco Gold, Tajik-China Mining Company, and Pakrut—marking a significant step towards regional industrial collaboration.
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