Ionic Rare Earths has submitted a planning application for a commercial magnet recycling facility in Belfast, UK, following a £600,000 upgrade to its demonstration plant. The company is also progressing a $15.8m funding package and continues to manage its Makuutu rare earths project in Uganda.
Angus Energy has secured a rig and ordered long-lead items for a planned workover of the BRX4Z well at the Brockham Oil Field. The three-week operation, expected to begin in early November 2026, involves perforating and acidizing the Portland reservoir to bring the well back into production.
Strategic Minerals has completed over 5,000 metres of drilling at its Redmoor project in Cornwall, with all nine holes intersecting the main mineralised zone. While assay results are pending, the project's economics are bolstered by tungsten prices significantly exceeding the company's previous upside modeling.
