Latest news with #mineralexploration
ABC News
3 days ago
- Business
- ABC News
Cook Islands and US start talks on seabed mining
As the Cook Islands mark 60 years of self-governance, the United States has begun talks with the island nation about researching seabed mineral exploration and development. According to a joint statement, the two governments have begun discussions to support scientific research that will inform the responsible exploration and development of seabed mineral resources within the Cook Islands' Exclusive Economic Zone (EEZ). "The Government of the United States of America has begun discussions with the Government of the Cook Islands to support the research necessary to inform seabed exploration and responsible development within the Cook Islands' Exclusive Economic Zone," the State Department said in a statement. US-linked firms "sit at the forefront" of deep seabed mineral research and exploration in the Cook Islands, it said. In June, New Zealand suspended millions of dollars in budget funding to the Cook Islands after its prime minister signed partnership agreements with China without consultation. Those agreements committed them to deepening cooperation in seabed mining, as well as in education, the economy, infrastructure, fisheries, and disaster management. "This collaboration reflects a shared commitment to scientific advancement, environmental stewardship, and sustainable economic growth," the joint statement said. The announcement comes at a time of growing geopolitical interest in the Pacific Islands, where countries like China have increased their engagement through defence, trade, and infrastructure deals. Western nations, including the US and New Zealand, have been working to strengthen relationships with Pacific nations to support regional stability and development. New Zealand, which shares constitutional ties with the Cook Islands, recently expressed support for the new US-Cook Islands partnership, emphasising the rights of Pacific states to manage their natural resources. Diplomatic relations between the US and the Cook Islands were formally established in 2023, and officials on both sides say this new initiative marks a significant step forward. "Together, we commit to advancing responsible development of seabed minerals and global scientific understanding of the deep ocean, and to setting a high standard for transparent seabed resources management," the joint statement said. ABC/Reuters
Reuters
3 days ago
- Business
- Reuters
US says it has started seabed mineral talks with the Cook Islands
WASHINGTON, Aug 5 (Reuters) - The United States has begun talks with the Cook Islands for research on seabed mineral exploration and development, the U.S. State Department said on Tuesday. The Cook Islands lie halfway between New Zealand and Hawaii and are made up of 15 islands and atolls. Western nations that traditionally held sway in the Pacific Islands have become increasingly concerned about China's plans to increase influence after Beijing signed defense, trade and financial deals with Pacific countries in recent years. "The Government of the United States of America has begun discussions with the Government of the Cook Islands to support the research necessary to inform seabed exploration and responsible development within the Cook Islands' Exclusive Economic Zone," the State Department said in a statement. U.S.-linked firms "sit at the forefront" of deep seabed mineral research and exploration in the Cook Islands, it said. In June, New Zealand suspended millions of dollars in budget funding to the Cook Islands after its prime minister signed partnership agreements with China without consulting Wellington. Those agreements committed them to deepening cooperation in seabed mining as well as education, the economy, infrastructure, fisheries and disaster management. On Wednesday, New Zealand's foreign ministry said it was aware of the new arrangement with the U.S. and respected "the rights and responsibilities of states to manage their mineral resources". The Cook Islands were within New Zealand's borders from 1901. In 1965, the country became self-governing but in free association with New Zealand. The constitutional ties require the two countries to consult on security, defense and foreign policy.
The Australian
4 days ago
- Business
- The Australian
Rumble set for gold and tungsten take-off at Western Queen
Emerging miner Rumble Resources' historical diamond core testing returns multiple high-grade tungsten assays from Western Queen project A Maiden tungsten MRE is on track for August, with further exploration at Western Queen targeting additional mineralisation. Early metallurgy indicates tungsten could deliver strong revenue alongside the WA project's near-term gold production Special Report : Rumble Resources is set to significantly expand the potential of its Western Queen project, with high-grade tungsten assays confirming a major system of the critical mineral alongside its existing gold resource. The company last month upgraded the gold mineral resource estimate (MRE) to 3.72Mt at 3.1 grams per tonne (g/t) for 370,000 ounces of gold, and Rumble (ASX:RTR) is now closing in on a maiden tungsten resource at the project. Assays from the latest historical diamond core testing have revealed multiple high-grade tungsten intersections of 3.45m at 0.66 per cent tungsten trioxide (WO₃) from 299m, including 1.5m at 0.96 per cent WO₃ and 0.45m at 1.32 per cent WO₃. And another intercept returned 4m at 0.75 per cent WO₃ and 0.71 g/t gold from 220m, including 1m at 2.24 per cent WO₃ and 0.97 g/t gold. More upside in view Tungsten mineralisation has now been identified over a 1.5km strike between the Western Queen South and Central open pits, with geological modelling outlining 18 separate tungsten lodes. These lodes are adjacent and sub-parallel to the gold structures, and remain open along strike and at depth, suggesting further upside. Rumble is also conducting a reconnaissance field program across the broader Western Queen area, where additional tungsten skarn targets have been identified. Independent consultant Ashmore Advisory has been engaged to deliver the maiden tungsten MRE, which is expected to be finalised in August. Meanwhile, early metallurgical testwork has indicated that the scheelite-bearing tungsten ore could provide a meaningful revenue stream alongside Western Queen's near-term gold production outlook. A bulk sample is currently being prepared for more detailed testwork by Mineral Technologies to develop a grade versus recovery curve, which will inform mine planning and scheduling. The company's managing director and CEO, Peter Harold, said: 'This work has demonstrated that Western Queen hosts a major tungsten system in addition to the high-grade mineralisation. 'Having just reported a significant gold resource upgrade to 370,000 ounces at 3.1 g/t it's very exciting to also be on the verge of reporting the maiden tungsten resource at Western Queen, especially given the strong interest in tungsten projects thanks to the metal's strategic importance. 'With growing global demand for tungsten due to its strategic importance in defence, aerospace and industrial technologies, Rumble is well-positioned to advance Western Queen as a dual gold and critical minerals asset of national significance. 'I look forward to us reporting the maiden Western Queen tungsten resource and seeing how much more tungsten our geological team find. ' Critical applications Tungsten is a critical mineral facing high and escalating demand thanks to its high melting point, hardness and density. These properties make it ideal for a range of industries including aerospace, defence and electronics. But its most common use is in cemented carbides, used for cutting tools and wear-resistant materials. China currently produces more than 80 per cent of the world's tungsten ore and there is a strong push by Western governments to reduce the reliance on Chinese sourced tungsten. Multi-commodity opportunity The news of more high-grade tungsten out of Western Queen follows Rumble acquiring the highly prospective Thunderstorm gold project in WA's Goldfields-Esperance region of WA during April. RTR is also continuing to advance its world-class zinc-lead-silver Earaheedy project. This article was developed in collaboration with Rumble Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Sponsored The US Centers for Medicare & Medicaid Services has approved EBR's WiSE CRT System for Medicare inpatients under new technology add-on payment. Sponsored Silver Mines has raised $30m through a strongly supported placement and will launch a share purchase plan to raise up to an additional $3m.
Washington Post
4 days ago
- Business
- Washington Post
Ivanhoe Electric: Q2 Earnings Snapshot
TEMPE, Ariz. — TEMPE, Ariz. — Ivanhoe Electric Inc. (IE) on Tuesday reported a loss of $23.9 million in its second quarter. On a per-share basis, the Tempe, Arizona-based company said it had a loss of 18 cents. Losses, adjusted for asset impairment costs, were 16 cents per share. The mineral exploration company posted revenue of $1.1 million in the period.
Globe and Mail
4 days ago
- Business
- Globe and Mail
DLP Resources to Extend Warrants
Cranbrook, British Columbia--(Newsfile Corp. - August 5, 2025) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (" DLP" or the " Company") announces that it intends to extend the term of an aggregate of 6,622,250 common share purchase warrants (the " Warrants") issued as part of the Company's private placement that closed in two tranches on September 28, 2023 and November 1, 2023. The Warrants are exercisable at a price of $0.54 and currently expire on September 28, 2025 and November 1, 2025, respectively. Subject to the approval of the TSX Venture Exchange (the " Exchange"), the term of the Warrants will be extended to September 28, 2026 and November 1, 2026, respectively. All other terms of the Warrants will remain the same. About DLP Resources Inc. DLP Resources Inc. is a mineral exploration company operating in Peru and Southeastern British Columbia exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF. Please refer to our web site for additional information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements regarding Forward-Looking Information This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the proposed extension of the Warrants. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the risk that the Exchange will not approve the extension of the Warrants. In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will receive approval from the Exchange to extend the Warrants. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
