The article discusses the strategic interest in Greenland's rare earth and critical mineral resources, particularly in the context of US political interest. It profiles Greenland Mines Ltd., highlighting its Skaergaard and Sarfartoq projects, while noting the significant logistical and regulatory challenges of Arctic mining.
Perpetual Resources has commenced planning for a resource definition drilling program at its Raptor Rare Earth Project in Brazil. The program aims to define the scale and continuity of high-grade ionic adsorption clay mineralisation to support a maiden JORC Mineral Resource Estimate.
Aclara Resources Inc. announced an updated Preliminary Economic Assessment (PEA) for its Penco Module rare earth project in Chile, reporting a post-tax NPV8 of US$344 million and an IRR of 26.1%. The PEA is supported by an updated Mineral Resource Estimate totaling 35.8 Mt Measured and Indicated at 2,095 ppm TREO, with 74% classified as Measured. The project benefits from a high concentration of heavy rare earths, secured first-stage environmental approval, and a vertical integration strategy with Project Dynamo in Louisiana.
Aclara Resources has completed basic engineering for its Project Dynamo heavy rare earths separation facility in Louisiana, designed by Hatch Ltd. The update includes improved metallurgical recovery estimates for several oxides, an expanded product slate, and a revised US$494 million capital estimate.
Nordique Critical Metals has received final TSXV approval to acquire an option for up to an 80% interest in the Kwyjibo Rare Earth Project in Québec through a two-phase earn-in agreement with SOQUEM. Additionally, the company filed an amended Preliminary Economic Assessment (PEA) to provide technical clarifications regarding mineralized material terminology, resource definitions, and cut-off values.
Neotech Metals has engaged DRA Global to conduct a maiden NI 43-101 compliant Mineral Resource Estimate and a Preliminary Economic Assessment (PEA) for its Hecla-Kilmer Rare Earth project in Ontario. The mandate aims to provide continuity from geological modeling through to economic analysis, integrating ongoing metallurgical work.
Basin Energy has commenced maiden reverse circulation drilling at the Rochedale heavy rare earth prospect within its Sybella-Barkly Project in Queensland. The program, co-funded by the Queensland Government, aims to test a new mineralisation model involving phosphatic sediments, with assay results expected in December 2026.
Spark Energy Minerals reported a high-grade grab sample from the Cruzeta Road Cut at its Arapaima Project in Brazil, returning 19,991 ppm (2.00%) total rare earth oxides (TREO), the highest assay reported by the company. This sample, taken from granite, indicates a new target style beyond the previously interpreted clay-hosted mineralization. Additionally, channel sampling yielded 22 m averaging 2,392 ppm TREO and 4 m averaging 1,725 ppm TREO, with magnet rare earth oxides accounting for at least 36.0% of TREO in the grab sample. The company plans follow-up drilling below the road cut to test this new target at depth.
Spark Energy Minerals reported high-grade rare earth results from grab and channel sampling at the Cruzeta Road Cut within its Arapaima Project in Brazil. A grab sample returned 2.00% TREO, the highest assay to date for the project, indicating a new granite-hosted rare earth target. Channel samples also showed strong results, including 22 meters averaging 2,392 ppm TREO, with significant magnet rare earth content. The company plans follow-up drilling to test this new target at depth.
