Latest news with #resources
News.com.au
14 hours ago
- Business
- News.com.au
Kristie Batten: Terra attracts big names to unique project
One of Australia's top mining journalists, Kristie Batten, writes for Stockhead every week in her regular column placing a watchful eye on the movers and shakers of the small cap resources scene. Explorer Terra Metals (ASX:TM1) has built some real momentum in the past two months as the market catches on to the strategic nature of its Dante polymetallic project in Western Australia. Last month, the company announced a placement to raise $4 million to advance work at Dante. What was eye-catching about the placement was the involvement of two big names. Singapore's Golden Energy and Resources, which owns stakes in Stanmore Resources and the Ravenswood gold mine in Queensland, and Brisbane-based resources entrepreneur Matthew Latimore, founder of fellow Stanmore shareholder M Resources, participated in the raising. GEAR and M Resources have invested together in the past, jointly acquiring the Appin and Dendrobium coal mines last year. They join Terra's existing major shareholder, Tribeca Investment Partners, on the register. Terra managing director and CEO Thomas Line told Stockhead its shareholders had done their due diligence and had a good understanding of the Dante project. 'They understand the markets that the products that this resource that we have at Dante go into, and the value of those products, and also the size and scale of the project, so they've undertaken a level of analysis that retail investors in Australia would never have been able to get to,' he said. Line said the polymetallic nature of the Dante orebody was far more challenging to understand than a simple pure-play gold project. 'Our project's not just normal polymetallic. It's a mixture of metals that have never been found together before in the same deposit of this size,' he said. 'So sometimes there's been some challenges with the Australian retail market understanding the asset, and the brokers and analysts knowing how to do the analysis to work out the value, but these groups coming out of Southeast Asia, where a lot of these markets are close to the commodity traders, they understand this. 'They've done the analysis, and they've arrived at the view that this is extremely prospective and has huge potential value and scale, and therefore they've taken the risk to make an investment in a company which is the smallest investment they have ever made. 'They typically only come in on hundreds of millions to billion-dollar deals … so it says a lot about what they see on the project, and it's huge validation for the project.' Dante looms Line said another thing Terra's new investors liked about the Dante project was its simple geology. 'The mineralisation is like coal seams,' he said. 'They get it because they own coal mines and they understand that we don't need to have reported the resource or drilled everything to know that it's there if it sticks out of the ground – it's easy to target with the drill.' Exploration to date has identified a laterally extensive, stratiform reef-style system with mineralisation mapped over 10km of strike and extending from surface to 250m depth. Terra has likened it to the platinum-rich Bushveld Complex of South Africa. A maiden resource for Dante is due imminently. Terra also has approval for the next phase of drilling, which will include infill of the resource, as well as some new targets. The company has identified additional reefs across more than 80km of strike, with recent tenement acquisitions extending the potential to hundreds of kilometres. 'It's very hard to comprehend the size until you've been out there,' Line said, adding that he'd taken the new investors to site last month. 'At 80km an hour, it took us about 60 or 70 minutes to drive from one end of the project to the other on the highway, so it is really, really big.' Phase one metallurgical test work delivered three high-grade concentrates: a copper-gold-PGM sulphide concentrate, a high-purity titanium-ilmenite concentrate and a high-grade vanadium-magnetite concentrate. 'This is exceptional for a polymetallic deposit to have such good metallurgical recoveries to produce such high-grade concentrates using the simplest and lowest cost processing tools that you can use,' Line said. 'If you look at other vanadium and titanium deposits around the world, you'll see that the concentrate that we produce is the highest titanium hard rock concentrate, using that magnetic separation method, that we've seen globally. 'It's also one of the highest-grade vanadium concentrates in the world, but on top of that, no other vanadium-titanium deposit is capable of producing a very high-grade copper-gold-platinum concentrate as well, and that's what this asset can do. 'So it's a diversified critical metals portfolio in a single resource, and each of those commodities and concentrate products are in totally different commodity cycles, so it provides hedging upside and exposure to different markets and different cycles which should pay dividends over time.' Notable neighbours Dante sits in the West Musgrave region and is surrounded by BHP. BHP's 390 million tonne Nebo-Babel nickel-copper deposit is 15km to the south of Dante and the 160Mt Succoth copper deposit, 10km to the south. BHP was more than halfway through building a $1.8 billion mine when it was placed on care and maintenance last year. 'A lot of infrastructure has already gone in, even though they went into care and maintenance based on the nickel price,' Line said. Rio Tinto and private AI explorer Kobold Mining are also active in the district. 'Jeff Bezos and Bill Gates made a big investment into Kobold, Rio, Tinto, BHP, two of the world's largest mining companies, and then you've got us,' Line said. 'There are synergies and potential pathways for partnerships with larger mining companies down the line that can be seen as a possibility, given where we are and how much land we hold and how big we expect the resources will be.' Line admitted that Terra had previously marketed off the back of BHP building a large mine next door to Dante. 'So, people had this assumption that we might be in trouble because BHP weren't continuing the build immediately, and that we are reliant upon them,' he said. 'But now we've just had these two big miners invest in us, so no longer is this perception that we're relying on BHP to progress the asset.' Line said the company's new shareholders were strong operators and had deep pockets. ' don't need another partner to take a project like this further,' he said. 'That being said, they do like to partner and Matt Latimore, who's also come in on the investment, has co-invested with GEAR on several other opportunities, and they've done very, very well, so whilst they have the capacity to build mines on their own, they're very good at getting involved in partnerships that that work out well for all parties.'
Yahoo
20 hours ago
- Business
- Yahoo
America just opened its 1st rare earth mine in 70 years as 'our answer to China' — how you can take advantage
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. The U.S. has just opened its first rare earth mine in more than 70 years. On July 11, Ramaco Resources officially opened the Brook Mine outside Ranchester, Wyoming. The northern Wyoming deposit is a trove containing six of the 17 rare earth elements — called 'rare' not because they're scarce, but because extracting them from raw materials is so challenging. Ramaco CEO Randall Atkins says the site could supply the U.S. with rare earth materials for the next 150 years. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) You don't have to be a millionaire to gain access to this $1B private real estate fund. In fact, you can get started with as little as $10 — here's how 'We will be mining it here, we will be processing on this site, and we will sell it to domestic customers — and that will be our answer to China,' Atkins told FOX 5. Rare earth elements are used in everything from smartphones and electric vehicles to military systems and wind turbines. FOX noted that each F-35 stealth fighter — produced by Lockheed Martin — contains about 920 pounds of rare earth minerals. Currently, China mines around 70% of the world's rare earth supply and processes roughly 90% of it. In retaliation for President Donald Trump's tariffs, China halted exports of rare earth metals — exposing a critical supply chain vulnerability. U.S. Energy Secretary Chris Wright believes this new mine marks a turning point. 'Not only do we get coal here — we are going to get those rare earth elements that are going to break our dependence on China,' Wright told FOX News from the site. Soaring shares Ramaco shares have rallied strongly following the release of a full independent preliminary economic assessment of the Brook Mine, which confirmed the project is both commercially and technologically feasible. With the high-profile ribbon cutting, the market's enthusiasm has only intensified. The stock is up roughly 100% year to date. It's worth noting that Ramaco isn't a pure rare earth play. The company also operates and develops metallurgical coal assets — and officials remain optimistic about coal's role in the energy mix. 'Coal has been the biggest source of global electricity for over 120 years and it remains today by far the biggest source of global electricity,' Wright said at the announcement of the site. 'It will remain that way for the rest of our lifetimes. So, to believe that coal somehow is bad or somehow is going away is just nonsense and destructive nonsense.' If you're interested in exploring mining stocks like Ramaco — or want to diversify into other sectors driving America's resource independence — getting started has never been easier. With investing platforms like Robinhood, you can buy and sell stocks, ETFs and their options commission-free, track your portfolio in real time and get 24/7 access to customer service. For those starting small, the app also lets you buy fractional shares for as little as $1, making it easy to build a diversified portfolio without breaking the bank. Read more: Rich, young Americans are ditching the stormy stock market — A golden hedge While rare earths are critical to the technologies of tomorrow, gold — a precious metal rather than a rare earth — has served as a store of value for thousands of years. Today, the yellow metal remains as relevant as ever for a simple reason: Unlike fiat currencies, gold cannot be printed out of thin air by central banks. It's also long been viewed as a classic safe haven. Gold isn't tied to any one country, currency or economy, and in times of economic turmoil or geopolitical uncertainty, investors often flock to it — driving prices higher. Over the past 12 months, the price of the precious metal has surged by more than 35%. Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates, recently highlighted gold's importance as part of a resilient portfolio. 'People don't have, typically, an adequate amount of gold in their portfolio,' he told CNBC. 'When bad times come, gold is a very effective diversifier.' One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Priority Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to help shield their retirement funds against economic uncertainties. When you make a qualifying purchase with Priority Gold, you can receive up to $10,000 in precious metals for free. What to read next How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement 5 simple ways to grow rich with US real estate — without the headaches of being a landlord. Start now with as little as $10 This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Financial aid only funds about 27% of US college expenses — but savvy parents are using this 3-minute move to cover 100% of those costs Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. 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CBC
3 days ago
- Business
- CBC
2025 wildfire season 'especially devastating,' say federal ministers
The federal government on Friday announced an investment of $11.7 million over four years to increase wildfire prevention and preparedness efforts across the country. This announcement comes as Canada continues to battle 561 active wildfires, while maintaining a national preparedness Level 5 , meaning the ongoing demand for firefighting resources is 'extreme.'
News.com.au
5 days ago
- Business
- News.com.au
Guy on Rocks: Certified gold hits from the Drummond Basin
Guy on Rocks' is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director, and responsible executive at Perth-based financial services provider RM Corporate Finance, shares his high conviction views on the market and his 'hot stocks to watch'. This week on Guy on Rocks, host Guy Le Page puts Queensland-based epithermal gold explorer GBM Resources (ASX:GBZ) under the scope. Tune in to hear more. The views, information, or opinions expressed in this video are solely those of the author and do not represent the views of Stockhead. Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
Yahoo
5 days ago
- Business
- Yahoo
AuMEGA Metals Strengthens Board with Appointment of James Withall
Edmonton, Alberta--(Newsfile Corp. - July 16, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce the appointment of Mr James Withall as a Non-Executive Director, effective 1 August 2025. Mr. Withall was formerly Chief Executive Officer of Rupert Resources Ltd. (TSX: RUP). Mr. Withall will serve as the Company's fourth Non-Executive Director. AuMEGA Metal's Chair of the Board of Directors, Justin Osborne commented: "We are delighted to welcome James to the Board of AuMEGA Metals. He brings deep and diverse experience across the mining sector - from his early work as a geologist in Western Australia, to his role as a portfolio manager at BakerSteel in London, and most recently as Chief Executive Officer of Rupert Resources. Under his leadership, Rupert transformed from a small-cap explorer with a mature resource into a multi-million-ounce discovery story, achieving a market valuation approaching CAD $1 billion at the time of his departure in late 2024. With the scale of our business and the early-stage nature of the work we have been doing, James' experience particularly from exploring in regions with considerable overburden, will serve the business well. On behalf of the Board, I welcome James and look forward to his contributions as we enter our next phase of growth." Incoming Non-Executive Director, James Withall stated: "I'm excited to join what I believe is one of the most compelling opportunities in the junior exploration space. AuMEGA is led by a talented and disciplined team that continues to make smart, well-timed decisions - an approach that closely mirrors what we pursued at Rupert Resources. The Board includes highly respected directors who have created meaningful shareholder value throughout their careers. The Company's strong backing from B2Gold and several major global funds gives AuMEGA a uniquely supportive and strategic ownership structure for a company at this stage. I look forward to contributing to its continued success." About Mr James Withall Mr Withall brings nearly thirty years of international experience in mining, exploration, and natural resource investing. From 2017 to 2024, he served as Chief Executive Officer of Rupert Resources, where he led the discovery and advancement of the Ikkari gold project in northern Finland - a multi-million-ounce project. Prior to that, he spent thirteen years as Managing Partner and Fund Manager at BakerSteel Capital Managers, a multi-award-winning natural resources investment specialist. Earlier in his career, Mr Withall worked as a geological consultant and held operational roles with Xstrata AG (now Glencore) and a number of junior companies in Western Australia. He holds a degree in Applied Geology from Leicester University and a Masters in Mineral Project Appraisal from Imperial College London, both in the United Kingdom. This announcement has been authorised for release by the Company's Board of Directors. To learn more about the Company, please visit or contact: Sam Pazuki, Managing Director & CEO Canada Phone: +1 780 665 4925 Australia Phone: +61 8 6117 0478 Email: info@ About the Company AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) is utilising best-in-class exploration to explore on its district scale land package that spans 105 kilometres along the Cape Ray Shear Zone, a significant under-explored geological feature recognised as Newfoundland, Canada's largest identified gold structure. This zone currently hosts Equinox Gold's Valentine Gold Project, which is the region's largest gold deposit (+5 million ounces), along with AuMEGA's expanding Mineral Resource. The Company is supported by a diverse shareholder registry of prominent global institutional investors, and strategic investment from B2Gold Corp, a leading, multi-million-ounce a year gold producer. Additionally, AuMEGA holds a twenty-seven kilometre stretch of the highly prospective Hermitage Flexure and has also secured an Option Agreement for the Blue Cove Copper Project in southeastern Newfoundland, which exhibits strong potential for gold, copper and other base metals. AuMEGA's Cape Ray Shear Zone hosts several dozen high potential targets along with its existing defined gold mineral resource of 6.1 million tonnes of ore grading an average of 2.25 g/t, totaling 450,000 ounces of indicated resources, and 3.4 million tonnes of ore grading an average of 1.44 g/t, totaling 160,000 ounces in inferred resources1. AuMEGA acknowledges the financial support of the Junior Exploration Assistance Program, Department of Industry, Energy and Technology, Provincial Government of Newfoundland and Labrador, Canada. ________________________1 News release dated 30 May 2023 To view the source version of this press release, please visit
