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Molybdenum Mining News

28 articles about molybdenum mining

U.S. Department of Energy Brings Together Vertical Gas Corridor Countries to Strengthen Energy Coordination

The U.S. Department of Energy (DOE) hosted officials from Bulgaria, Greece, Romania, Moldova, Ukraine, and the European Commission on February 25, 2026, to advance the critical Vertical Gas Corridor initiative. This strategic effort aims to enhance Europe's energy security by facilitating northbound flows of U.S. liquefied natural gas (LNG) from Greece, strengthening allies while creating significant opportunities for U.S. energy exports. The discussions focused on resolving regulatory challenges, harmonizing tariffs, and reviewing strategic infrastructure investments essential to unlocking the corridor's full capacity and reducing reliance on adversarial energy suppliers, thus indirectly bolstering demand for crucial mined materials in energy infrastructure development.

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Bold Ventures secures new claims near Joutel Property in Canada

Bold Ventures recently announced the strategic acquisition of six new mining claims contiguous to its Joutel Property in Quebec, Canada, consolidating its land package to 58 claims across 3,217 hectares. This expansion is driven by the identified presence of significant VTEM anomalies from a 2012 survey, with one area historically yielding promising nickel and gold intercepts. The transaction, involving 750,000 common shares issued to Emerald Geological Services (EGS) and awaiting TSX Venture Exchange approval, positions Bold for an aggressive exploration program targeting base and precious metals this winter.

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Dateline Resources acquires Music Valley rare earths project in US

Dateline Resources has significantly expanded its U.S. critical minerals footprint with the strategic acquisition of the Music Valley Heavy Rare Earths (HREEs) Project in California and a concurrent $1 million investment in Fermi Critical Minerals. These moves, announced on March 2, 2026, position Dateline to capitalize on historically high-grade HREE mineralization in California and gain exposure to a broad portfolio of uranium and rare earth projects across the US, reinforcing domestic supply chain capabilities at a pivotal time for global geopolitics and advanced technology development.

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Kingfisher Mining to sell Gascoyne assets to Dreadnought Exploration

Kingfisher Mining has executed a strategic divestment, agreeing to sell its 12 exploration licenses in Western Australia's Gascoyne region to Dreadnought Exploration, a subsidiary of Dreadnought Resources, for A$2 million in shares and up to A$1.5 million in performance-based cash payments. This move allows Kingfisher to reallocate capital and intensify exploration on its promising copper, gold, silver, zinc, and lead projects in New South Wales, particularly the Copper Blow project, while Dreadnought consolidates its position in the Gascoyne rare earth sector.

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Core Lithium to sell Finniss stockpile to Glencore International

Core Lithium has finalized a binding agreement to sell its remaining 5,100 dry metric tonnes of spodumene concentrate stockpile from the Finniss Lithium Project to Glencore International. Valued at $2,023/dmt, this strategic sale is crucial for providing additional funding, reactivating the logistics chain to Darwin Port, and building momentum towards a potential restart of Finniss operations, which were previously halted in 2024 due to a precipitous drop in lithium prices.

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Athena Gold plans acquisition of Forester Gold Project in Ontario

Athena Gold has announced plans to acquire a 100% interest in the 4,900-hectare Forester Gold Project in northwestern Ontario via an all-share transaction, positioning it strategically near Orla Mining's prolific Musselwhite Gold Mine. This acquisition diversifies Athena's portfolio and aims to leverage modern exploration techniques on an historically underexplored property showing geology analogous to a multi-million-ounce producer. The company plans a diamond drilling program for Forester in 2026, alongside upcoming drilling at its Laird Lake Project.

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Secretary Wright Arrives in Caracas to Further President Trump's Historic Energy Deal

U.S. Secretary of Energy Chris Wright arrived in Caracas on February 11, 2026, marking a pivotal moment for "President Trump’s historic U.S.-Venezuela Energy Deal." This high-level visit involves engagements with interim Venezuelan leadership, including interim President Delcy Rodriguez, local business leaders, and on-site assessments of the nation's oil fields, all aimed at restoring prosperity, safety, and security for Venezuela, the United States, and the broader Western Hemisphere. The initiative holds significant implications for global energy markets, geopolitical stability, and the interconnected mining industry, influencing everything from energy costs to regional investment climates.

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Eureka Lithium acquires Cabin Lake and Tyee Projects in Canada

Eureka Lithium has significantly diversified its asset base by acquiring 100% stakes in the polymetallic Cabin Lake Project in British Columbia and the titanium-vanadium Tyee Project in Quebec. This strategic move, completed through the purchase of Stairway Mining for 9.1 million common shares and potential C$1 million in milestone payments, expands Eureka's exposure beyond lithium into critical minerals essential for defense, electrification, and advanced manufacturing within mining-friendly Canadian jurisdictions. The acquisition signals Eureka's intent to grow into a multi-commodity exploration company, leveraging the geological potential and existing infrastructure of these promising Canadian assets.

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Energy Department Announces $175 Million to Modernize Coal Plants, Keeping Affordable Reliable Power Online for Americans

The U.S. Department of Energy (DOE) has allocated $175 million across six projects aimed at modernizing and extending the operational life of coal-fired power plants serving rural and remote U.S. communities. This initiative, part of a broader $525 million effort, seeks to enhance grid reliability, secure affordable electricity, and preserve high-wage energy jobs, particularly in Appalachia, marking a significant policy shift to reinvigorate the domestic coal industry.

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Energy Secretary Keeps Critical Generation Online in Mid-Atlantic

The U.S. Department of Energy (DOE) has again intervened to prevent the shutdown of crucial natural gas and oil-fired generation units at the Eddystone Generating Station in Pennsylvania, issuing an emergency order on February 23, 2026. This directive, targeting Units 3 and 4, mandates PJM Interconnection and Constellation Energy Corporation to keep the units online from February 24, 2026, to May 24, 2026, citing persistent critical grid reliability concerns in the Mid-Atlantic region. The move underscores growing challenges in maintaining stable power supply amidst an evolving energy landscape, with significant implications for energy-intensive industries like mining.

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Energy Department Announces Largest Loan in Department History, Delivering Over $7 Billion in Electricity Cost Savings for Georgia and Alabama Customers

The U.S. Department of Energy (DOE) has announced a landmark $26.5 billion loan package, the largest in its history, to subsidiaries of Southern Company. This financing aims to add or upgrade over 16 gigawatts of firm, reliable power across Georgia and Alabama, delivering an estimated $7 billion in electricity cost savings for millions of customers. The monumental investment underscores a national priority for grid reliability and energy security, significantly impacting demand for essential mined commodities across the energy supply chain.

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Angola eyes 20%-30% interest in De Beers

Angola is negotiating to acquire a 20%-30% minority stake in De Beers, with its state-owned companies Endiama and Sodiam managing the process. The move comes as Anglo American seeks to divest De Beers amid changing diamond market dynamics, and reflects Angola’s intent to strengthen its position in the global diamond sector.

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Questcorp initiates IP survey at BC’s North Island Project

Questcorp Mining has initiated a critical induced polarisation (IP) survey at its 1,168-hectare North Island Copper Project in British Columbia, Canada. This 10-15 line-kilometre survey, conducted by Peter E. Walcott & Associates, aims to verify and enhance historical geophysical targets within the Marisa Zone porphyry copper system, building on prior exploration that revealed copper mineralization in 1992. The programme is a key precursor to refining geological models and developing precise drill targets, positioning Questcorp to advance a compelling porphyry copper prospect supported by recent institutional financing from Sorbie Bornholm.

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Basin Energy to sell Marshall Uranium Project to GCC

Basin Energy has executed a definitive mineral rights sale and purchase agreement (SPA) to fully transfer its Marshall Uranium Project in Saskatchewan, Canada, to Green Canada Corporation (GCC), a subsidiary of PTX Metals. The transaction, valued at C$600,000 in cash and C$300,000 in shares over specified periods, is contingent upon GCC's reverse takeover of Maackk Capital, a C$2.5 million financing, and a public listing. This strategic move allows Basin Energy to unlock value from the project while retaining significant upside potential through equity interest, a buyback option, and exploration commitments from GCC.

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Atacama Resources announces acquisition of Atacama 3 site

Atacama Resources has announced the strategic acquisition of a full stake in the Atacama 3 mineral property, located approximately 16km south of Kirkland Lake, Ontario, within the highly prospective Abitibi Greenstone Belt. This 255-hectare site, comprising 13 contiguous mining claims, is situated just 2.5 miles from Agnico Eagle Mines' operating Macassa Mine, signaling a targeted move into a region renowned for significant gold production. Leveraging historical drilling data from 2006-2007, Atacama Resources has outlined a robust 2026 exploration program, including geophysical studies and further drilling, as it seeks to delineate economic mineralization in this structurally active corridor.

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Larvotto achieves 90% tungsten recovery at Hillgrove project

Larvotto Resources has reported a 90% tungsten recovery rate from metallurgical test-work at its Hillgrove project in New South Wales, Australia. This operational development supports the addition of tungsten concentrate as a byproduct to the existing antimony and gold production, with minimal capital investment and low operating costs.

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Marubeni invests in Australian critical minerals project with RZ Resources

Marubeni has invested A$15 million for up to a 5% equity stake in RZ Resources’ mineral sands project in Australia, targeting the production of critical minerals including rutile, ilmenite, zircon, and monazite. The partnership encompasses mine development, plant upgrades, and improvements to feasibility and environmental documentation, with support from JX Advanced Metals and potential financing from US and Australian export credit agencies.

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China suspends ban on gallium, germanium, antimony exports to US

China has suspended its ban on exports of gallium, germanium, and antimony to the US, though export controls and licensing requirements remain in place. This regulatory adjustment restores partial US access to key minerals critical for semiconductor and defense industries, with the suspension scheduled to last until November 27, 2026.

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PYBAR to support Hillgrove antimony-gold project in NSW

Larvotto Resources has appointed PYBAR Mining Services as the underground development contractor for the Hillgrove antimony-gold project in New South Wales, Australia. The project is expected to supply up to 7% of global antimony demand and is fully funded for development, with operations scheduled to commence in Q4 2025.

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