Hot News in this Week
Oct 24, 2025
Robert Friedland-backed Sunrise Energy Metals (ASX: SRL) has signed a partnership agreement with Lockheed Martin to supply up to 25% of its annual scandium production, which could become a long-term supplier for the US defense and aerospace manufacturer under the recently signed Australia-US critical minerals pact.
Source: www.mining.com
Electra Battery Materials has secured $80 million in funding to complete the construction and commissioning of North America's first cobalt sulfate refinery, located in Temiskaming Shores, Ontario. This marks a "major transformation" of the company's balance sheet and funding outlook, with all required capital secured to complete the project. The refinery is expected to produce up to 6,500 tonnes of battery-grade cobalt sulfate annually, enough to support production of batteries for approximately 1 million vehicles or supply strategic sectors such as national defense, energy storage, and grid infrastructure.
Source: www.mining.com
Harmony Gold has completed its $1.01 billion acquisition of MAC Copper, a New York-listed company that operates the CSA copper mine in Australia's New South Wales. The deal marks a significant milestone for Harmony as it seeks to become a global gold and copper producer, with plans to produce up to 100,000 tons of copper concentrate annually within the next five years.
Source: www.miningmx.com
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