Precious Metals & Minerals

Greenland Mines Ltd. has exercised in full its option to acquire an additional 25,168,669 common shares of AnorTech Inc. at a deemed price of C$0.30 per share, doubling its ownership from approximately 9.9% to approximately 19.9% of AnorTech's issued and outstanding common shares. In exchange, Greenland Mines will issue common shares with a deemed value of approximately US$5,298,000, or C$7,550,600, to AnorTech, with the exact number based on the 10-day volume-weighted average trading price ending immediately before closing. On closing, Greenland Mines will hold 45,127,172 AnorTech shares, subject to a 60-month contractual lock-up, while the Greenland Mines shares issued to AnorTech will be locked up as to one-half for 12 months and the remaining one-half for 24 months. AnorTech currently owns 318,000 shares of Greenland Mines from previous transactions, and closing remains subject to customary conditions including acceptance by the TSX Venture Exchange. AnorTech President Jim Cambon called the full exercise a strong endorsement of the company's Greenland anorthosite work in the aluminum critical mineral supply chain and lunar project development, while Greenland Mines President Bo Møller Stensgaard said the doubled position gives its shareholders exposure to zero-waste smelter grade alumina and high purity alumina on Earth and to lunar materials science.

Onsemi announced a new agreement to acquire Synaptics for $123 a share in cash, revising the all-stock deal disclosed in June after an unsolicited competing proposal. Advanced Micro Devices said it would acquire World Labs, an AI model and research lab, in an all-stock transaction valued at nearly $8.2 billion. Hormel Foods agreed to acquire Brakebush Brothers, a value-added chicken provider, from the Brakebush family for approximately $1.055B, with the deal expected to close in the first quarter of fiscal 2027. Lynas Rare Earths agreed to acquire Australian peer Meteoric Resources in an all-stock deal valued at A$968M, or $672M. Mattel soared 19% after a report that the toymaker has recently received takeover interest from Authentic Brands, while Walgreens private-equity owner Sycamore is near a deal to sell the U.K. pharmacy chain Boots for close to $9 billion, including debt.

Greenland Mines Ltd announced the successful completion of its more than two-month 2026 field program at the Skaergaard Project in southeast Greenland, a campaign the company describes as one of the largest and most comprehensive modern multidisciplinary efforts undertaken at the site. The program completed 4,480 meters of diamond drilling across 17 holes, including the first large-diameter HQ core ever recovered at Skaergaard, and extracted more than 105 tons of bulk material from mapped and channel-sampled gold and palladium-platinum mineralized horizons, an unprecedented scale-up from the two approximately 800-kilogram historical mini-bulk samples. The company's July 2026 S-K 1300 Mineral Resource Estimate reported 15.00 million ounces PdEq in Indicated Mineral Resources and 17.49 million ounces PdEq in Inferred Mineral Resources, covering only approximately one-quarter to one-third of the intrusion hosting the defined precious-metal horizons. Greenland Mines said potential vanadium-bearing titanomagnetite, iron and gallium value streams are being evaluated alongside the palladium-platinum-gold flowsheet, with gallium occurring throughout Skaergaard's mineralized horizons, though no economic credit is currently assigned to these potential by-products. The campaign also delivered the first integrated mining-oriented geotechnical, structural, LiDAR, high-resolution aeromagnetic, ground-penetrating radar and environmental baseline programs across priority development areas, with the data intended to advance Skaergaard toward metallurgical flowsheet development, mine planning and an Initial Assessment, the S-K 1300 equivalent of a Preliminary Economic Assessment.

Greenland Mines Ltd announced that its common shares are now listed and trading on the Frankfurt Stock Exchange under the symbol HK6, complementing its principal Nasdaq listing. No new shares are being issued in connection with the Frankfurt listing, which the company said provides European investors with an additional venue to access its shares. President Bo Møller Stensgaard said Frankfurt is a natural next step for a company building a transatlantic critical-minerals company, adding that Nasdaq gives a strong U.S. platform while Frankfurt expands reach directly into Europe. The listing also complements Greenland Mines' membership in the European Raw Materials Alliance and advances its North Atlantic Critical Metals Corridor strategy, which is intended to connect Greenland's mineral resources with allied capital, infrastructure, processing pathways and industrial demand across North America and Europe. The company is advancing Sarfartoq, its Southwest Greenland rare-earth project focused on neodymium and praseodymium, and Skaergaard, its East Greenland gold, palladium, platinum and critical-metals project.

Sino-Platinum Metals announced that it plans to inject 100 million yuan into its wholly-owned subsidiary Sino-Platinum Semiconductor Materials (Yunnan) Co., Ltd., with the entire amount to be included in registered capital. The capital increase aims to ease the financial pressure on Sino-Platinum Semiconductor, stabilize and expand its market, optimize its capital structure, enhance its risk resilience, and support the company's long-term high-quality development. The capital increase has been reviewed and approved at the 29th meeting of the company's 8th board of directors, does not require submission to the shareholders' meeting for review, and does not constitute a related-party transaction or a major asset restructuring.

Sino-Platinum Metals announced that its controlling subsidiary, Sino-Platinum Zhongxi, plans to invest in the construction of a high-precision, high-performance composite materials production base project, with a total investment of 435 million yuan.

Greenland Mines has applied to the Government of Greenland for a new exploration license covering approximately 262 square kilometres immediately east of its existing Sarfartoq license. If granted, the new license would increase the company's controlled footprint at Sarfartoq from approximately 192 square kilometres to approximately 454 square kilometres, more than doubling its position across the known rare earth and carbonatite district. The company plans a two-track strategy at Sarfartoq, advancing the ST1 neodymium-praseodymium rare earth deposit while evaluating known satellite targets and exploring the broader district. The ST1 Hybrid Mineral Resource Estimate comprises 6.9 million tons of Indicated Mineral Resources grading 1.60% total rare earth oxides and 5.3 million tons of Inferred Mineral Resources grading 0.96% TREO, with an Initial Assessment high-case pre-tax NPV of approximately $2.05 billion. The newly applied-for area is not included in the current ST1 resource estimate or economic analysis and remains an exploration opportunity subject to approval by the Government of Greenland.

The United States struck a deal with Denmark granting it permanent control over security in Greenland, sending shares of mining companies with operations there sharply higher in pre-market trading. Greenland Energy Company and Greenland Mines each rose 100% pre-market, while Critical Metals gained 30%. President Trump announced over the weekend that the agreement with the Greenlandic and Danish governments would allow US security forces to establish a more permanent presence, which he described as lasting forever. The deal appears to close a chapter of uncertainty for businesses that followed earlier headlines about Trump wanting to acquire Greenland as the 51st state. Greenland Energy is seeking to drill off the eastern shore for what it says is 13 billion barrels of oil, which would be the biggest find in 50 years, though analysts cautioned that these are early-stage bets and that a greenfield mine in Greenland takes longer than the 10-year US average to reach commercial production because of ice and remote conditions.

Greenland Mines Ltd has applied to the Government of Greenland for a new exploration license covering approximately 262 km² immediately east of its existing Sarfartoq license, MEL 2020-32, which would increase its control at Sarfartoq from approximately 192 km² to approximately 454 km² and more than double its footprint across the known rare earth and carbonatite district. The application, designated M-MLSA-540, follows a new independent S-K 1300 Mineral Resource Estimate and an Initial Assessment for the ST1 Neodymium-Praseodymium deposit, which carries a high-case pre-tax NPV of approximately $2.05 billion and planned annual NdPr oxide production equal to approximately 34% of all NdPr oxide currently refined outside China at 2025 consumption levels. The new Hybrid open-pit and underground MRE comprises 6.9 million tons of Indicated Mineral Resources grading 1.60% TREO and 5.3 million tons of Inferred Mineral Resources grading 0.96% TREO, or approximately 12.2 million tons grading 1.32% TREO on a combined basis. The applied-for area is not included in the current ST1 MRE, mine plan, NPV or IRR, and no Mineral Resource has been estimated within it, so it is regarded as an exploration opportunity only; the application remains subject to review and approval by the Government of Greenland. The company said the expansion comes days after President Trump's announcement of a landmark U.S.-Denmark-Greenland Security Agreement highlighting Greenland's growing strategic importance.

Guardian Metal Resources plc has signed a collaboration agreement with Oritain Global Limited to develop a database of origin fingerprints for tungsten, supporting provenance verification for governments, industry and end consumers. The inaugural database will include tungsten from Guardian Metal's co-flagship Tempiute and Pilot Mountain projects in Nevada, with the company delivering initial samples from both sites to Oritain. The agreement is particularly timely ahead of January 1, 2027, when U.S. defense procurement restrictions under Section 854 of the FY2024 National Defense Authorization Act, implemented through DFARS 252.225-7052, are expected to drive tighter traceability requirements across the tungsten supply chain. Those requirements were further reinforced by Executive Order 14415, signed on July 20, 2026, which restricts sourcing waivers for covered-country materials and directs comprehensive supply chain mapping and traceability across U.S. defense procurement. Oritain CEO Alyn Franklin said forensic origin verification is becoming a necessary ingredient for durable critical minerals supply chains, while Guardian Metal CEO Oliver Friesen called the agreement a meaningful step toward building a fully transparent and verifiable tungsten supply chain entirely on U.S. soil.

Sibanye Stillwater reported a record first half on September 1, swinging to an R18.8 billion profit from a R3.9 billion loss a year earlier as revenue jumped 64% to R90 billion, or $5.5 billion, and headline earnings per share rocketed 216% to R6.01 from R1.90. Higher platinum group metals and gold prices drove the result, and management used the windfall to cut gross debt 18% to R32.1 billion, pulling net debt to just 0.18 times adjusted EBITDA, while adjusted EBITDA more than doubled to R31.8 billion. The board declared a R2.01 per share interim dividend, the top of its 25% to 35% payout policy, for a total of R5.7 billion, and approved two growth projects: Burnstone, a shallow gold project receiving $98 million for 2026 and targeted at 130,000 ounces a year over a 25-year life from 2029, and Mt Lyell, a Tasmanian copper project with a net present value above $1 billion at current spot prices. Underlying operations were weaker, with South African PGM production down 2% to 789,647 4E ounces and all-in sustaining cost up 10% to R26,252 per ounce, gold production down 2% and its all-in sustaining cost up 14% to R1,638,089 per kilogram, and US PGM output down 2%. Executive Vice President Charles Carter said the US workforce has resisted incentive changes tied to the Stillwater mechanization plan, and CEO Richard Stewart warned the operation may eventually have to close if mechanization fails to push costs toward $1,000 an ounce.

Impala Platinum Holdings reported record financial results for fiscal year 2026, with revenue surging 58% to ZAR 135.1 billion and EBITDA margin expanding from 12% to 32%. The company generated free cash flow of ZAR 22 billion, enabling it to return approximately 90% of second-half free cash flow to shareholders, including a final dividend of ZAR 14.45 per share totaling ZAR 13.1 billion. Headline earnings reached ZAR 22.9 billion, or ZAR 25.48 per share, while basic earnings were ZAR 31 billion, supported by a ZAR 8.1 billion after-tax reversal of impairment losses. The company ended the period with net cash of ZAR 22 billion and liquidity headroom of ZAR 37 billion. Looking ahead, management guided for flat production in fiscal 2027, with a 60,000-ounce impact from a safety reset at Rustenburg and unit costs expected to rise 4-8% due to inflation and planned maintenance. CEO Nico Muller noted that the Styldrift 2 project is in the concept study phase, with a typical timeline of five years to completion, and confirmed the company is not currently considering diversification into metals beyond PGMs.

Sibanye Stillwater reported record revenue and more than doubled EBITDA for the first half of 2026, driven by higher commodity prices and solid operational performance, while also declaring an interim dividend and approving two new growth projects. Adjusted EBITDA rose 111% to ZAR 31.8 billion, with revenue up 64% to just under ZAR 90 billion, and headline earnings per share surged 216% to ZAR 6.01. The company declared an interim dividend of ZAR 5.7 billion, or ZAR 2.01 per share, at the upper end of its policy, implying an annualized yield of 8%. Gross debt fell 18% to ZAR 32.1 billion, and the board approved the Burnstone gold project in South Africa and the Mt Lyell copper-gold project in Tasmania, with combined initial capital of about ZAR 98 million and USD 7.5 million for 2026. CEO Richard Stewart noted that the company lost three colleagues to safety incidents in its mines and three to crime, emphasizing that all such losses are preventable and appealing for stakeholder cooperation.

Furuya Metal's operating profit for the full fiscal year ending June 2026 reached 24.7 billion yen, a 2.6-fold increase from 9.5 billion yen in the previous fiscal year. Net sales rose 74.5% year on year to 100.1 billion yen, and net profit increased 147.9% to 16 billion yen. The weaker yen boosted precious metal prices and improved export profitability, while the company also advanced the high value-added of products for the digital and green sectors. The stock price rose more than 40% in one month from early August, closing at 9,670 yen on September 2. For the fiscal year ending June 2027, the company plans net sales of 101 billion yen (up 0.9%) and operating profit of 26.5 billion yen (up 6.9%), with sales nearly flat while profits grow. It also plans to raise the dividend from 165 yen to 180 yen per share.

Sibanye Stillwater reported record revenue and EBITDA for the first half of 2026, with EBITDA more than doubling year-over-year, driven by strong commodity prices and operational stability. The company reduced gross debt by 18% to R32.1 billion and declared an interim dividend at the upper end of its policy, implying an 8% yield. It also approved two new organic growth projects, Burnstone and Mount Lyell, and expanded its renewable energy portfolio to 835 MW by 2028. However, the company faced challenges including fatal incidents in Q2, a 56% drop in adjusted EBITDA at its US PGM operations due to the absence of Section 45X credits, and higher costs in gold and chrome production. CEO Richard stated that the goal of reducing gross debt by 50% could be achieved sooner than the two-to-three-year target, and the company is confident in its plan to lower Stillwater costs to $1,000 per ounce.

Sibanye Gold reported record first-half financial results, with revenue up 64% year over year to nearly ZAR 90 billion and adjusted EBITDA more than doubling to ZAR 31.8 billion. Operating cash flow surged 551% to almost ZAR 21 billion, supporting an interim dividend of ZAR 5.7 billion, or 201 cents per share. The company reduced gross debt 18% to ZAR 32.1 billion, while South African PGM and gold operations generated significant cash flow amid higher commodity prices. PGM adjusted EBITDA rose 302% and gold adjusted EBITDA reached a record ZAR 9 billion. The board approved the Burnstone gold project in South Africa and Mt Lyell copper-gold project in Tasmania, with production targeted from 2029. At the Keliber lithium project in Finland, mining and concentrator commissioning are progressing, with refinery startup dependent on operating performance and lithium-market conditions.

Sibanye-Stillwater reported first-half GAAP earnings per share of $0.34, with revenue of $5.48 billion, up 83.9% year-over-year and beating expectations by $570 million. The company's results were driven by higher gold and platinum group metals prices, as highlighted in its press release. This performance follows an analyst day and a recent upgrade to Buy at Citi, reflecting reduced historical headwinds.

Sino-Platinum Metals released its 2026 interim report, with net profit attributable to the parent company of 350 million yuan, an increase of 24.788 million yuan compared with the same period last year, up 7.63% year on year, marking four consecutive years of growth. The company's total operating revenue was 22.652 billion yuan, and net cash inflow from operating activities was 717 million yuan. The latest asset-liability ratio was 62.49%, down 2.42 percentage points from the previous quarter; the gross margin was 4.43%, up 0.80 percentage points from the previous quarter, achieving four consecutive quarters of increase. Diluted earnings per share were 0.45 yuan, up 4.65% year on year.

Sino-Platinum Metals released its 2026 interim report, with net profit attributable to the parent company of 350 million yuan, up 7.63% from the same period last year, marking four consecutive years of growth. Total operating revenue was 22.652 billion yuan, down 23.36% year on year. Net cash inflow from operating activities was 717 million yuan, down 34.50% year on year. The latest gross margin was 4.43%, rising for four consecutive quarters and up 2.24 percentage points from a year earlier. The latest return on equity was 3.87%, down 0.51 percentage points from a year earlier. Diluted earnings per share were 0.45 yuan, up 4.65% year on year, marking three consecutive years of growth.

Sino-Platinum Metals released its half-year report on the evening of August 20. First-half operating revenue was 22.652 billion yuan, down 23.36% year on year, while net profit attributable to the parent company was 350 million yuan, up 7.63% year on year. The profit growth mainly came from alloy functional materials, semiconductor materials, electronic materials and industrial catalysts in the new materials manufacturing segment, while platinum group metals and silver recycling in the precious metals secondary resources segment continued to grow steadily. On the same day, the company disclosed its 2026 interim equity distribution plan, proposing a cash dividend of 0.67 yuan per 10 shares, with total cash dividends of 55.1596 million yuan. Driven by demand from computing power and AI industries and voltage platform upgrades, electric vacuum silver-copper solder grew 22% year on year, and the emerging electrical contact track grew 244% year on year. Sales volume from core semiconductor customers rose 6% year on year, orders for low-temperature silver paste rose 391% year on year, orders for high-temperature paste rose 230% year on year, and orders for specialty paste rose about 130% year on year.

Gold Royalty Corp. reported record financial results for the first half of 2026, with total revenue, land agreement proceeds, and interest rising 116% to $17.3 million and adjusted EBITDA more than tripling to $12.6 million. For the second quarter, total revenue, land agreement proceeds, and interest reached $7.9 million, an 80% increase, while adjusted EBITDA more than doubled to $5.6 million from $2.4 million a year earlier. The company produced 1,757 gold equivalent ounces in the quarter, bringing the first-half total to 3,677 ounces, or 44% of the midpoint of its full-year guidance of 7,500 to 9,300 GEOs. Gold Royalty also announced two acquisitions: an additional 0.1875% NSR royalty on the Ren project for $6.25 million, which is in addition to the existing 1.5% NSR and 3.5% NPI royalties it already holds, and two Nevada royalties for $800,000, including a 2% NSR on the Sterling property and a 0.5% NSR on portions of Granite Creek. The company ended the quarter with $11.3 million in cash and a fully undrawn $150 million credit facility, and management said the board is considering a capital return policy as the portfolio generates consistent positive free cash flow.

Gold Royalty reported record first-half results with total revenue, land agreement proceeds and interest of $17.3 million, up 116% year over year, and adjusted EBITDA surging 212% to $12.6 million. Gold equivalent ounces increased more than 40% to 3,677. The company reaffirmed its 2026 production guidance of 7,500 to 9,300 GEOs, with volumes expected to be more heavily weighted to the second half as the Vareš and County Line operations ramp up. Gold Royalty ended the quarter with $11.3 million in cash, no debt and an undrawn $150 million credit facility, and highlighted upcoming catalysts including Vareš reaching commercial production, REN's expected first production by year-end, and studies at Borborema, Granite Creek, Jerritt Canyon and Odyssey.

Fresnillo reported a 227.6 percent jump in first-half profit from continuing operations before income tax to $2.16 billion, driven by sharply higher silver and gold prices. Revenues surged 74.7 percent to $3.38 billion, with the average realised silver price more than doubling to $78.9 per ounce and the average realised gold price climbing 47.3 percent to $4,666.8 per ounce. The company declared an increased interim dividend of 43.4 US cents per share and confirmed its full-year production guidance, while noting that attributable silver production fell 11.4 percent and attributable gold production declined 7.3 percent. For fiscal 2026, Fresnillo continues to expect attributable silver production of 42.0 to 46.5 million ounces and attributable gold production of 500,000 to 550,000 ounces, with production outlook for 2027 and 2028 also unchanged.

Sino-Platinum Metals announced that its wholly-owned subsidiary, Sino-Platinum Metals Resources Yimen Company, plans to invest 104 million yuan to build a pilot project for recycling decommissioned photovoltaic modules, with a construction period of about 12 months. The project will construct a new decommissioned photovoltaic recycling and processing plant within the existing factory area, covering a total land area of approximately 9,030 square meters. Once completed, it will have an annual processing capacity of 15,000 tonnes of decommissioned photovoltaic modules and 5,000 tonnes of externally purchased battery cells. The company stated that this project is an important practice in serving the national dual carbon strategy and promoting green circular economy. Leveraging the accumulation of Sino-Platinum Metals Resources in the field of precious metal recycling, it focuses on the refining and recovery of valuable metals such as silver from decommissioned photovoltaic modules, creating a full-process industrial chain loop. This will accumulate technical reserves and operational experience for future capacity expansion and fill the company's gap in the photovoltaic recycling sector.

Sino-Platinum Metals wholly-owned subsidiary Sino-Platinum Resources Yimen Company plans to invest 104 million yuan to build a pilot base for recycling decommissioned photovoltaic modules. The project is located in Yimen County, Yuxi City, Yunnan Province, with a construction period of about 12 months. Once completed, it will have an annual processing capacity of 15,000 tonnes of decommissioned photovoltaic modules and 5,000 tonnes of purchased battery cells.

New Pacific Metals released an updated preliminary economic assessment for its Carangas silver-gold project in Bolivia, showing an after-tax net present value of $2.65 billion and a 35.9% internal rate of return at base case metal prices. The mine plan forecasts production of 195 million payable ounces of silver, 1.1 million ounces of gold, 1.45 billion pounds of zinc, and 941 million pounds of lead, or 339 million silver equivalent ounces, over a 19-year life of mine, with average all-in sustaining costs projected at $19.16 per silver equivalent ounce. The updated PEA also envisions capital costs of $644.5 million and a post-tax payback of 2.4 years. BMO Capital analyst Kevin O'Halloran reiterated an Outperform rating on New Pacific, calling Carangas a key value driver, and noted the assessment meaningfully improves the project by adding the lower gold zone and increasing plant throughput. New Pacific said it will advance a 30,000-meter infill drill program while working to convert its exploration licenses into administrative mining contracts and begin the environmental impact assessment process.

Guardian Metal Resources has released a Preliminary Feasibility Study for its Pilot Mountain tungsten project in Nevada, showing an after-tax internal rate of return of 59.6% and a capital payback period of just one year at the base-case tungsten price. At current spot prices, the after-tax net present value rises to more than US$1.3 billion and the payback period shortens to approximately six months. The company says Pilot Mountain is the only US tungsten project with a prefeasibility-level study completed in the last decade, giving it a unique leadership position as Western governments seek to reduce dependence on China, Russia, and North Korea, which supply about 90% of global mine output. Guardian is now advancing toward a Definitive Feasibility Study, permitting, and detailed engineering, with CEO Oliver Friesen emphasizing speed of execution to meet growing defence and technology demand. The planned open-pit operation is expected to offer lower costs and greater flexibility compared with underground deposits.

SRX Global has made a strategic investment in Greenland Mines, a Nasdaq-listed critical and precious minerals development company advancing a portfolio of strategic assets in Greenland. Greenland Mines is focused on building a multi-asset platform with exposure to rare earth magnet materials, precious metals, and selected midstream processing opportunities, while advancing its broader North Atlantic Critical Metals Corridor vision. SRX Global is an AI-driven platform that invests in high-conviction operating companies and assets, leveraging proprietary technology and data analytics. The financial terms of the investment were not disclosed.

Greenland Mines has engaged Tetra Tech Canada and GeoSim Services to prepare an updated SEC S-K 1300-compliant mineral resource estimate for its Sarfartoq neodymium-praseodymium rare earth project in southwest Greenland. The updated estimate, expected to be substantially completed this summer, will incorporate historical NI 43-101 resource work along with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025. GeoSim, led by Ronald G. Simpson, has been appointed as the qualified person for the resource estimate, while Tetra Tech will provide engineering, mine planning, and metallurgical support. Greenland Mines also reappointed WSP Danmark to continue environmental baseline work at the project.

Greenland Mines has engaged Tetra Tech and GeoSim to prepare an updated mineral resource estimate for the Sarfartoq neodymium-praseodymium rare earth magnet project in southwest Greenland, targeting completion this summer. The S-K 1300 compliant estimate will integrate historic NI 43-101 resource work from 2011 and 2012 with drilling and technical studies completed by Neo Performance Materials between 2023 and 2025, and is expected to form the basis for an updated preliminary economic assessment. GeoSim's Ronald G. Simpson, who served as qualified person on the historic estimates and 2011 PEA, will lead the resource estimation, while Tetra Tech provides engineering, mine planning, and metallurgical support. The company has also reappointed WSP Denmark to continue environmental baseline data collection, and is in active dialogue with Greenland authorities to transfer the exploration licenses. Greenland Mines views Sarfartoq as a central part of a broader multi-asset strategy, with the project's Nd-Pr content representing approximately 25 to 40 percent of the total rare earth oxide basket, which the company believes is one of the higher ratios reported globally.

Guardian Metal Resources has finalized the acquisition of Lincoln Estates Group LLC, securing 841 acres of real property and 2,540 acre-feet of annual water rights in south-central Nevada. The total transaction cost is US$1.3 million, paid in cash through its wholly-owned subsidiary Golden Metal Resources, LLC. The property is located less than 10 miles from the company's flagship Tempiute Tungsten Project, a past-producing domestic asset last operational in the 1980s. The acquisition includes water rights spread across three permits banked with the Lincoln County Water District, which Guardian Metal can assign and transfer directly into the Tempiute project service area, and mixed-use real property zoned for commercial, industrial, and single-family uses with direct transport access off Highway 375. The company says this infrastructure acquisition materially de-risks the project and advances its goal of building a resilient domestic U.S. tungsten supply chain to reduce reliance on foreign sources while enhancing national economic and defense security.

Blackrock Silver Corp. announced that its wholly-owned Nevada subsidiary, Blackrock Gold Corp., has entered a purchase agreement with Nevada Select Royalty, Inc., a wholly-owned subsidiary of Gold Royalty Corp., to acquire the Tonopah East project, a parcel of 146 unpatented mineral claims along the eastern margin of the Fraction caldera within the Walker Lane trend of west-central Nevada. The acquisition adds 12.1 square kilometres to Blackrock's existing 26.6 square kilometres, bringing its total land position along the silver-dominated Fraction caldera margin to just shy of 39 square kilometres, a roughly 45% increase. Under the agreement, Blackrock Gold will pay US$48,344.37 in cash, plus any federal annual mining claim maintenance fees paid by Nevada Select for the assessment year ending September 1, 2027, and will grant Nevada Select a 3.0% net smelter returns royalty on any future production at Tonopah East. President and CEO Andrew Pollard said the Tonopah district produced 174 million ounces of silver and 1.8 million ounces of gold from a four-kilometre trend, and that the new ground sits about five kilometres from the company's planned mill and process plant. Closing is anticipated on or about September 30, 2026.

President Trump announced that the United States, Denmark and Greenland have reached a security agreement barring US adversaries from making sensitive investments in Greenland without express written approval, a move that pulls the global rare earth supply race northward. According to reporting by CNBC, the broader provisions would prohibit sensitive investments by non-allied nations in Greenland's critical minerals and mining sectors, and the governments of Denmark and Greenland said they expect to sign the agreement this week during the UN General Assembly, though it still requires ratification by the Danish and Greenlandic parliaments. The global rare earth elements market was estimated at $3.95 billion in 2024 and is projected to reach $6.28 billion by 2030, an 8.6% compound annual growth rate from 2025 to 2030, according to Grand View Research, while Mordor Intelligence sizes the market at 208.02 kilotons in 2026 and expects 273.30 kilotons by 2031, a 5.61% compound annual growth rate. US-listed companies with Greenland exposure rallied sharply on Monday, with the largest percentage moves concentrated in the smallest names, though the full legal text has not been released and nothing announced so far grants any company a permit, an offtake or funding. Greenland Mines Ltd. announced it has applied to the Government of Greenland for a new license covering approximately 262 km² east of its existing Sarfartoq license, MEL 2020-32, which if granted would grow its Sarfartoq footprint from about 192 km² to about 454 km², and the company's ST1 deposit carries an S-K 1300 Mineral Resource Estimate of 6.9 million tons Indicated at 1.60% TREO and 5.3 million tons Inferred at 0.96% TREO, with a high-case pre-tax NPV of approximately $2.05 billion.

Shares of Greenland Energy, Greenland Mines and Critical Metals surged early Monday after investors reacted to a new U.S. security arrangement involving Greenland and Denmark. Greenland Energy more than doubled, while Greenland Mines and Critical Metals posted sharp gains. The agreement outlines a larger U.S. role in Greenland's security affairs, prompting speculation that resource projects on the island could attract greater strategic attention from Washington, and is expected to be finalized during the United Nations General Assembly. Leaders in Denmark and Greenland said the framework preserves the territory's sovereignty and interests, though details remain limited. Investors appeared to focus on Greenland's importance as a source of rare earths, precious metals and other materials used in defense and energy applications, with Greenland Mines advancing rare-earth and precious-metals projects, Critical Metals developing the Tanbreez deposit, and Greenland Energy pursuing oil and gas exploration opportunities in eastern Greenland. No new project funding, permits or commercial agreements were disclosed as part of the security arrangement.

Shares of three companies with mining and energy projects in Greenland surged in extended trading Friday after President Donald Trump announced a security agreement with Denmark and the Arctic territory. Greenland Energy jumped 119% after hours, Greenland Mines rose 58% and Critical Metals gained 20%, though the agreement included no announced funding, permits or commercial agreements for the three companies. Trump said the deal would give the United States a permanent role in Greenland's security and prevent adversaries from establishing military bases or making sensitive investments without U.S. approval, and that the United States would begin developing a larger military presence on the island. The agreement is expected to be signed during the United Nations General Assembly in New York, and its full terms have not been released; Danish Prime Minister Mette Frederiksen said it respects the sovereignty and territorial integrity of the Kingdom of Denmark, while Greenland Prime Minister Jens-Frederik Nielsen said it recognizes the territory's interests. Greenland Mines owns the Skaergaard gold, palladium and platinum project and recently completed its acquisition of the Sarfartoq rare-earth project, which it estimates could generate a pretax net present value of as much as $2.05 billion under a higher-production scenario, while Critical Metals owns the Tanbreez heavy rare-earth deposit and in May signed a 15-year agreement to supply REalloys with rare-earth concentrate representing 15% of Tanbreez's planned annual production. Greenland Energy is an early-stage oil and gas explorer focused on the Jameson Land Basin that still needs regulatory approvals before drilling, and its shares registered the biggest move Friday, more than doubling in extended trading.