HighGrade – Finance News Today

AuKing to Acquire High-Grade Tundulu Rare Earths Project in Malawi and

Finance News — Fri, 17 Apr 2026 06:42:54 +0000

AuKing Mining Limited (ASX: AKN) (“AuKing” or “the Company”) has agreed to acquire a 100% interest in the Tundulu Rare Earth Elements (REE) project in south-eastern Malawi (Proposed Acquisition).

Highlights

AuKing to acquire 100% of the Tundulu Rare Earths Project in south-eastern Malawi – a 5km in diameter intrusive carbonatite complex¹, ranking among the largest and most under-explored rare earth systems in the country. The Project is de-risked by high-grade historical drilling (originally targeting phosphate), highlighting strong potential for a significant rare earth discovery applying modern and REE targeted exploration.
Established carbonatite-hosted rare earths system with historical high-grade drilling results, including²:
JICA drilling (1G87, max depth 50m):
- 41m @ 3.7% TREO from 8m (JMT-22) (hole ending in mineralisation)
- 35m @ 2.7% TREO from 15m incl 14m @ 4.1% TREO from 36m (JMT-17) (hole ending in mineralisation)
Mota-Engil / Optichem drilling (2014-2015, average hole depth 127m, with several holes ending in high-grade REE mineralisation, while targeting phosphate):
- 15m @ 3.46% TREO from 73m (TU071)
- 31m @ 2.27% TREO from 41m (TU048)
- 30m @ 4.03% TREO from surface (TU014)
- 100m @12.6% P2O5 from 30m (TU042) and
- G7m @ 14.4% P2O5 from surface (TU050)
Total of 24 historical drill holes conducted across the project area ended in mineralisation including 8 drill holes that ended in greater than 2% TREO. By way of example drill hole TU073 recorded 10m @ 3.13% TREO from 113m to end of hole (EOH).
Drilling at Nathace Hill has confirmed carbonatite geology, representing one of five topographic highs across the Tundulu Project, with strong potential for Makhanga Hill, Namuka Hill, Ichigwakalu Hill and Tundulu Hill to host carbonatite mineralisation.
Historical rock chip samples from JICA program in 1988 returned assays (to be drill tested) including:
- 6.07% TREO at Tundulu Hill eastern flank (sample 7Y1G6)
- 6.41% TREO at Nathace Hill (sample 7Y386)
Located within an emerging world class rare earths district in southern Malawi, in proximity to Lindian Resources’ Kangankunde Project (261Mt @ 2.61% TREO) and the Songwe Hill Project (21Mt @ 1.41% TREO).
Mineralisation appears high in valuable heavy rare earth elements (HREEs) and medium rare earth elements (MREEs), with low levels of uranium and thorium.³

AuKing’s Managing Director Paul Williams said: “The proposed acquisition of the Tundulu Rare Earths Project represents a further exciting step in AuKing’s strategy to build exposure to critical minerals through high-quality exploration assets.”

“Tundulu is a district-scale carbonatite ring complex in southern Malawi with an interesting profile of bastnaesite and apatite containing abundant rare earth mineralisation and easily accessible by road. AuKing intends to commence exploration activities following completion of the acquisition, with an initial drilling program planned to advance understanding of the mineralisation. Subject to results, the…

Fathom Nickel: Advancing High-Grade Magmatic Nickel Sulphide Projects in

Finance News — Wed, 08 Apr 2026 06:31:07 +0000

The International Energy Agency forecasts strong growth in critical minerals demand through 2040, with nickel demand expected to roughly double, driven by stainless steel and battery use. Copper, cobalt, and PGEs are also set for significant gains, supported by the accelerating adoption of EVs, energy storage, and advanced technologies.

Fathom Nickel (CSE:FNI, FSE:6Q5, OTCQB:FNICF) is advancing high-grade magmatic nickel sulphide exploration in Canada to help meet this demand. Its projects—Gochager Lake, Albert Lake, and Friesen Lake in Saskatchewan’s Trans-Hudson Orogen—target district-scale potential comparable to established camps like Thompson and Cape Smith, positioning the company as a potential domestic source of nickel and associated metals.

Fathom Nickel also emphasizes the environmental benefits of Canadian nickel sulphide deposits, which generally carry a smaller footprint than laterite operations in places such as Indonesia. Backed by an experienced technical team and a discovery-driven mindset, the company is working to unlock the broader potential of its district-scale land package.

Company Highlights

Favorable portfolio jurisdiction: All three projects are located in Saskatchewan, Canada, which ranked as the third-best overall jurisdiction in the 2025 Fraser Institute Annual Survey of Mining Companies, scoring 89.66 for investment attractiveness.
High-quality, multiple resource projects: Three 100 percent owned Ni-Cu-Co±PGE sulphide projects, including a past-producing mine and a historically defined deposit with significant cobalt mineralization.
District-scale land package: 73 mineral claims covering 134,221 hectares within the highly prospective Trans-Hudson Orogen.
Strategic Critical Minerals focus: Targeting nickel, copper, cobalt and platinum group elements (PGE’s), all essential for battery technologies and the transition to a low-carbon economy.

Silver Hammer Mining: Unlocking Value from Historic High-Grade Silver

Finance News — Fri, 27 Mar 2026 06:14:11 +0000

(TheNewswire) Vancouver, B.C. March 25, 2026 TheNewswire – Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the “Company” or “Armory”) a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to… Keep Reading…

Steadright Critical Minerals: Advancing High-grade Mineral Assets in

Finance News — Fri, 20 Feb 2026 17:22:03 +0000

Steadright Critical Minerals (CSE:SCM) is a Canadian-listed exploration and development company focused on unlocking value from Morocco’s mineral-rich terrain. It prioritizes assets with past production, strong geological datasets, and defined development pathways, aiming to shorten timelines, lower risk, and balance near-term cash flow with longer-term discovery upside.

Its core assets include the fully permitted, past-producing Goundafa polymetallic mine, the Copper Valley copper-lead-silver project in a proven mining district, and the TitanBeach heavy mineral sands project along Morocco’s Atlantic coast. A recent letter of intent with SilverLine Mining SARL could further strengthen the portfolio by adding a licensed, silver-focused asset, reinforcing Steadright’s strategy of acquiring high-quality, permitted projects.

Operating in Morocco—a jurisdiction known for modern mining legislation, strong infrastructure, and competitive fiscal incentives—Steadright benefits from a supportive mining environment. The company is led by an experienced management team with decades of global mining, exploration, and capital markets expertise, positioning it to advance its projects efficiently.

Company Highlights

Near-Term Production: The historic Goundafa Polymetallic mine is fully permitted with a legacy of high-grade zinc, lead, copper, silver, and gold production, Goundafa offers near-term, non-dilutive cash flow from historic stockpile sales under a binding processing agreement.
Diversified Portfolio: Fully permitted Goundafa Polymetallic mine (PbZn-Cu-Ag-Au), the Copper Valley CopperLead-Silver Project, SilverLine Mining Sarl (LOI) and the TitanBeach Heavy Mineral Sands
Strategic Moroccan Operations: Operating in a mining-friendly jurisdiction with modern legislation, strong infrastructure, and significant fiscal incentives including corporate tax exemptions.
Experienced Leadership: Management and technical teams bring decades of international mining, exploration, and capital markets experience.

Silverco Mining: Advancing a High-grade Silver Mining Complex in Mexico

Finance News — Wed, 18 Feb 2026 11:18:06 +0000

Silverco Mining (TSXV:SICO) is a production-stage silver company targeting opportunities in Mexico’s Sierra Madre Occidental belt. Its primary technical focus is optimizing the wholly owned Cusi Mining Complex in Chihuahua, an 11,665-hectare district-scale property. The site benefits from established, institutional-quality infrastructure—such as direct access to the national power grid and paved roads—significantly lowering the capital requirements for restarting operations.

The company is undertaking a definitive transition toward mid-tier producer status through a binding agreement to acquire Nuevo Silver. This deal gives Silverco control of the La Negra mine in Querétaro, a currently producing asset that delivers immediate top-line revenue. By pairing the near-term restart of the Cusi 1,200 tpd mill with ongoing production at La Negra, Silverco is effectively bypassing the multi-year development cycle typically faced by junior miners.

This “buy-and-build” strategy is driven by a technical team with specialized expertise in Mexican epithermal vein systems and complex underground mine engineering, positioning the company to accelerate growth while maintaining operational discipline.

Company Highlights

The $62.5 million upsized bought deal financing (closing Q1 2026) and Eric Sprott’s $10 million lead order provide cornerstone validation from a legendary mining investor and the necessary liquidity to fast-track production restarts.
The updated Mineral Resource Estimate of 41.2 million ounces of silver equivalent (AgEq) in the Measured and Indicated category establishes a high-confidence geological foundation at Cusi, supporting long-term mine planning.
The dual-track growth strategy involving the Cusi restart and the Nuevo Silver/La Negra acquisition provides immediate production scale and a diversified cash-flow profile across two distinct Mexican mining jurisdictions.
Pure-play silver exposure with significant de-risking is achieved via the 1,200 tonne-per-day (tpd) Cusi mill, which was producing as recently as 2023, ensuring that surface infrastructure is “warm” and capable of a rapid return to service.
Imminent exploration catalysts exist following the completion of a 15,000-metre drill program at Cusi; results are currently pending and are expected to define high-grade extensions at the San Miguel vein.

Acquisition of “Thompson Falls” High-Grade Antimony Project Adjacent to

Finance News — Thu, 05 Feb 2026 16:58:15 +0000

Red Mountain Mining Limited (ASX: RMX, US CODE: RMXFF, or “Company”), a Critical Minerals exploration and development company with an established portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce the Company’s newly-acquired Thompson Falls Antimony Project, (Figure 1), located 4.2km from United States Antimony Corporation’s operations (NYSE: UAMY; Market Cap A$2.2 billion) with the only operating Antimony smelter in the US – the Thompson Falls Smelter in Montana and the Stibnite Hill Mine. Red Mountain’s initial batch of assay results have returned outstanding grades of up to 36.5% Antimony and 0.65g/t Gold at the Thompson Falls Antimony Project.

HIGHLIGHTS:

Red Mountain has acquired the “Thompson Falls Antimony Project” adjacent to United States Antimony Corporation’s operations (NYSE: UAMY, Market Cap A$2.2b), which has the only Antimony smelter in the United States, and is crucial to the US Critical Minerals supply chain
Red Mountain has immediately identified standout prospectivity at the project, locating three historical underground mines and a pit within the project area. Initial assays from the Thompson Falls Antimony Project have returned superb high-grade results including:
- 36.5% Sb and 0.48g/t Au
- 21.0% Sb and 0.65g/t Au
- 13.7% Sb and 0.14g/t Au
The Project is located on the Montana-Idaho border, within the same host stratigraphy and near UAMY’s Stibnite Hill Mine, the second largest known stibnite vein deposit in the US, where high grade antimony mineralisation has been previously mined, and restarted by UAMY in late 2025 in response to the severe supply shortage in the United States
The Project is also highly prospective for Silver as it lies at the eastern end of Idaho’s Coeur d’Alene mineral district, which has accounted for ~18% of the USA’s total accumulated silver production, of over 1.25 billion ounces of silver between 1884 and 2020, along with 7.8Mt Lead, 3.0Mt Zinc, 1.1Moz Gold, 191kt Copper and 160kt Antimony
Thompson Falls Antimony Project further strengthens Red Mountain’s Utah, Idaho and NSW Critical Minerals portfolio, creating a unique Western asset base positioned to benefit from unprecedented US and Australian government support as both nations seek to secure supply
The US Government this week launched a $12 billion strategic minerals stockpile initiative, aimed at securing Critical Mineral supply chains. Red Mountain’s Thompson Falls Antimony Project, located 4.2km from UAMY’s operations, is well positioned in Antimony and Silver – both federally designated Critical Minerals aligned with US supply chain priorities
Red Mountain continues to accelerate its Critical Minerals exploration and development at the Armidale project in NSW, Australia and additional technical work is rapidly progressing at the Company’s Utah and Idaho projects

The project sits on the border of Montana and Idaho and situated within the same host stratigraphy as UAMY’s Stibnite Hill Mine, the second largest known stibnite vein deposit in the US, where high grade antimony mineralisation has been previously mined, with UAMY restarting operations in late 2025 in response to rapidly increasing US demand. Red Mountain has commenced field-work which includes geological mapping, sampling potential mineralisation structures and exploration across alteration zones and potential outcrop – with results expected to be received this quarter.

Figure 1: Thompson Falls Antimony Project & High-Grade Antimony and Gold Samples, next to NYSE: UAMY’s Thompson Falls Smelter and Stibnite Hill Mine

Click here for the full ASX Release

This article includes content from Red Mountain Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Read More: Acquisition of “Thompson Falls” High-Grade Antimony Project Adjacent to

55 North Mining: High-grade Manitoba Gold Project with Exploration Upside

Finance News — Tue, 30 Dec 2025 15:48:19 +0000

55 North Mining (CSE: FFF,FSE: 6YF) is a Canadian exploration and development company advancing its 100 percent-owned Last Hope gold project in the Lynn Lake district of northern Manitoba. The company is focused on unlocking value from a high-grade gold system through systematic drilling, resource expansion, and disciplined capital allocation, while preserving strategic optionality in a rapidly emerging mining camp.

The Last Hope project hosts a high-grade, structurally controlled gold resource and benefits from proximity to established infrastructure, including paved road access, power and a regional airport. Importantly, the project lies near Alamos Gold’s Lynn Lake development, creating potential future synergies such as toll milling or satellite feed scenarios, subject to further technical and economic studies.

The Last Hope gold project is located about 20 kilometres southeast of Lynn Lake, Manitoba, and comprises 31 mineral claims covering approximately 50 square kilometres. The project benefits from road and all-season trail access and is situated within a well-established mining district with a long history of gold and base metal production.

Company Highlights

High-grade Last Hope gold project has a current resource of 273,800 ounces inferred at 5.48 grams per ton (g/t) gold and 71,100 ounces indicated at 5.41 g/t gold

Significant exploration upside, with mineralization open down-plunge and along strike

Located approximately 20 kilometres from Alamos Gold’s Lynn Lake project, which includes a new 10,000-tonne-per-day mill under construction

Operating in a safe, mining-friendly jurisdiction with established infrastructure and a long history of mining activity

Impact Benefit Agreement in place with the Marcel Colomb First Nation, supporting social license and community engagement

Led by a management team with a track record of discovering, developing and monetizing assets in the Lynn Lake camp, including the sale of Carlisle Goldfields to Alamos Gold in 2016

Read More: 55 North Mining: High-grade Manitoba Gold Project with Exploration Upside

Silver Dollar Resources: Advancing High-grade Silver-Gold Assets in Mexico

Finance News — Mon, 22 Dec 2025 15:40:02 +0000

Silver Dollar Resources (CSE:SLV,OTCQX:SLVDF,FSE:4YW) (CSE:SLV,OTCQX:SLVDF,FSE:4YW) is a precious metals exploration company targeting high-grade silver and gold opportunities in Mexico. Its cornerstone asset is the La Joya silver–gold–copper project, situated in the southern Durango–Zacatecas silver belt, one of the most productive silver districts globally.

La Joya has seen substantial historical exploration, with more than 51,600 metres drilled in 182 holes defining several mineralized zones, including the Main Mineralized Trend, Santo Niño, and Coloradito. The company is now revisiting the project with an underground-oriented exploration approach, combining structural interpretation, underground sampling, and a detailed review of historic drill core to pinpoint higher-grade mineralization at depth.

Beyond La Joya, Silver Dollar owns the Nora silver–gold project in Durango, home to the historic Candy mine and an epithermal vein system that has delivered high-grade surface sampling results. The company also holds an equity stake in Bunker Hill Mining following the divestment of the Ranger-Page project, offering leveraged exposure to the anticipated production restart in Idaho’s Silver Valley in early 2026.

Company Highlights

100 percent owned La Joya project, an advanced-stage silver-gold-copper system in Mexico’s Durango-Zacatecas silver belt

La Joya was originally proposed as an open pit in 2013 based on US$24 silver, US$1,200 gold and US$3 copper

Strategic shift toward evaluating La Joya’s high-grade underground potential supported by new 3D geological modeling, underground sampling, and drill target development

Completed sale of the Ranger-Page project to Bunker Hill Mining, providing equity exposure to a near-term US silver producer

Fully funded to carry out planned exploration programs through 2026

Largest shareholder is mining investor Eric Sprott, with approximately 17.5 percent ownership

Multiple exploration catalysts planned, including drilling at La Joya in early 2026

Read More: Silver Dollar Resources: Advancing High-grade Silver-Gold Assets in Mexico

Iris Secures Right to High-grade Tungsten Project, Montana USA and Update

Finance News — Thu, 18 Dec 2025 15:36:10 +0000

IRIS Metals Limited (ASX: IR1, “IRIS” or “the Company”) is pleased to announce it has executed a binding Heads of Agreement (HOA) with Finley Mining Inc for the exclusive right to farm-in to the Finley Basin Tungsten Project (Tungsten Project) located in Granite County, Montana, USA. This strategic farm-in opportunity further expands IRIS’ exposure to critical minerals beyond lithium, positioning the Company in a key tungsten district with historical production potential and untapped high-grade tungsten potential in a jurisdiction primed for revival under U.S. critical minerals policies.

HIGHLIGHTS

IRIS Metals has signed a binding Heads of Agreement with Finley Mining Inc and its shareholders, granting IRIS an exclusive right to farm-in to the high-grade Finley Basin Tungsten Project, located in Granite County, Montana, USA, subject to the execution of full form farm-in agreements to be negotiated in good faith on the agreed key terms within 40 business days (unless extended).

Due to the transaction materialising during a proposed capital raising program, the Company decided not to raise capital at this point in time, having regard to the strategic merits of the Tungsten acquisition.

Limited drilling undertaken by Union Carbide in the late 1970s–early 1980s resulted in a historical, non-JORC compliant tungsten reserve, 850,000 tons at an average grade of 0.68% WO₃¹, which is considered high-grade relative to many global tungsten deposits.

The farm-in provides IRIS with exposure to tungsten, a critical mineral with strategic importance for defense, energy, and industrial applications, complementing IRIS’ existing critical minerals portfolio.

The farm-in structure allows IRIS to earn up to a 100% interest in the project through staged exploration expenditure of up to USD$2,000,000 over 4 years and delivery of a JORC- compliant Inferred Resource.

Exploration activities to commence at the Finley Basin Project in early 2026, focusing on resource definition, expansion, and development studies.

The transaction aligns with IRIS’ strategy to expand its critical minerals footprint in the USA, leveraging incentives for domestically sourced materials.

IRIS Metals Executive Chairman Peter Marks commented:

“This binding agreement marks an exciting step for IRIS as we grow and diversify our critical minerals portfolio into tungsten, a vital component for the defense and technology industries. The Finley Basin Project offers significant upside with its prospective geology and location in a mining-friendly jurisdiction. Combined with our existing South Dakota portfolio, this positions IRIS to capitalise on significantly growing demand for US-sourced critical minerals.”

Montana Portfolio Expansion and Development

IRIS is actively evaluating additional critical mineral opportunities to complement its core South Dakota holdings. This farm-in to the Finley Basin Tungsten Project diversifies IRIS’ assets into tungsten, a critical mineral essential for military…

Read More: Iris Secures Right to High-grade Tungsten Project, Montana USA and Update

Marmota Unveils High-grade Gold Finds at Greenewood Discovery

Finance News — Sat, 13 Dec 2025 15:39:37 +0000

Marmota (ASX:MEU) has revealed the first detailed assays from its maiden program at the Greenewood gold discovery in the Gawler Craton of South Australia.

In a Thursday (December 11) release, the company highlighted results including 95 grams per tonne (g/t) gold from 22 metres (as part of a spectacular thick intercept of 33 metres at 10 g/t gold from 22 metres downhole and 109 g/t gold from 26 metres downhole in the same hole.

“The results are some of the best seen in the Gawler Craton since the discovery of the Challenger deposit in 1995,” the company wrote.

According to the report, the program has yielded grades within 17 metres to 67 metres from surface over a 900 metres strike length and that the mineralisation remains open along strike.

The company added that the results feature outstanding gold intersections including multiple bonanza gold grades close to surface, superb recoveries in metallurgical testwork.

“(This shows) excellent potential for low-cost, low capex open pit heap leach gold production.”

Located approximately 35 kilometres northwest of Marmota’s flagship Aurora Tank gold deposit, Greenewood has only had an average of 7,000 metres of reverse circulation (RC) drilling since its discovery.

It is part of the Golden Moon joint venture, wherein Marmota holds 90 percent via its 100 percent-owned subsidiary Half Moon.

Stage 2 drilling at Greenewood commenced last November 19, with the company sharing progress that the drilling team is currently achieving over 350 metres per day.

Targets for stage 2 include an average of 85 planned holes for the RC drill program and around 8.500 metres for total RC drilling, subject to time before Christmas break.

Shares of Marmota closed at AU$0.130 on Thursday following the news, rising 83.10 percent from its AU$0.071 close on Wednesday (December 10).

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

Read More: Marmota Unveils High-grade Gold Finds at Greenewood Discovery