Critical minerals news covering lithium, cobalt, rare earths, supply chains, and strategic mineral resource developments.
Allied Critical Metals received EU Strategic Project designation for its Borralha Tungsten Project in Portugal, the only tungsten site selected among 46 new designations. This status grants streamlined permitting within 27 months, supporting Europe's goal to reduce import reliance for critical minerals used in defense and aerospace.
More than a dozen US companies are exploring opportunities in Malaysia's rare earths industry, confirmed by the US Embassy in Kuala Lumpur. This move aims to diversify supply chains and reduce dependence on Chinese critical minerals through local partnerships and potential processing facility investments.
Larvotto Resources shipped its first 68-tonne batch of antimony concentrate from the Hillgrove mine in New South Wales to partner Wogen Resources. This mine-gate offtake initiates sales, allowing cash flow before final assay confirmation. The facility is projected to produce 4,900 tonnes annually, controlling approximately 7 percent of global supply.
First Phosphate is advancing an igneous phosphate project in Quebec designed to supply the lithium iron phosphate battery market. The company aims to produce high-purity concentrate from the Beégin-Lamarche deposit, targeting Western supply chains for batteries used in EVs and energy storage.
Eramet's board approved a capital increase project essential for financial sustainability, backed by a strategic investment from the French State. The government is set to become the largest shareholder in the mining company by increasing its stake during a €500 million capital increase later this year, aiming to strengthen France's autonomy in critical minerals.