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Global mining expansion and Greenland rare earth growth

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2026-09-24 19:23 UTC → 2026-10-05 17:56 UTC · added removed

Global mining resource expansion and restructuring Greenland rare earth growth

The global mining sector is experiencing a period of resource expansion and strategic restructuring through drilling successes, acquisitions, and corporate reorganizations. In mineral exploration, Power Metallic Mines Inc. reported significant deep drilling results at its Lion deposit, intercepting 5.70 meters of 14.00% CuEq at nearly 800 meters depth. DPM Metals Inc. also announced high-grade intercepts at its Brevene Porphyry South discovery, including a 716.60-meter section grading 3.30 g/t AuEq. In Mexico, Advance Metals reported a high-grade silver intercept of 4120g/t at its Gavilanes project. Corporate activity includes Broken Hill Gold completing a strategic demerger of its North Queensland portfolio continues to focus on its White Dam gold operation in South Australia, where it subsequently reported a 160 per cent increase see strategic expansion, particularly in indicated oxide gold resources. In Western Australia, Forrestania Resources entered a binding agreement to acquire Sipa Exploration to support its development strategy. Regarding rare earth elements, critical minerals. Greenland Mines Ltd. has applied for a new exploration license from the Government of Greenland is seeking to expand its footprint at the Sarfartoq rare earth and carbonatite district. The requested license covers approximately 262 district from 74 square kilometres east of its existing 192-square-kilometre license. If approved, the expansion would more than double the company’s controlled area miles to approximately 454 175 square kilometres. miles. The North Carolina-based company is pursuing a strategy aims to supply neodymium and praseodymium for electric vehicles, wind turbines, and defense systems, potentially producing roughly one-third of advancing the ST1 world’s neodymium-praseodymium deposit while evaluating satellite targets. The ST1 deposit currently includes 6.9 million tons oxide refined outside of Indicated Mineral Resources China. This expansion follows a security agreement between the United States, Greenland, and 5.3 million tons Denmark designed to prevent adversaries from making sensitive investments in Greenland without U.S. approval, a framework the company says makes undeveloped deposits more accessible to allied supply chains. In broader Greenlandic mining developments, Critical Metals Corp. has received government approval for the mining and closure plans of Inferred Mineral Resources, with its Tanbreez rare earths project. Considered one of the largest undeveloped heavy rare earth deposits outside of China, the project has an initial assessment indicating a high-case pre-tax estimated after-tax net present value of approximately $2.05 $2.1 billion. While the approval provides a framework through 2050, the company still requires approvals for environmental management, marine transport, and mineral exports. Additionally, Dalaroo Metals Greenland Mines Ltd. completed geological mapping at its Blue Lagoon rare earth project. Greenland Mines, a North Carolina-based company, aims 2026 field program at the Skaergaard Project, utilizing diamond drilling and geotechnical studies to supply magnet advance resource evaluation and metallurgical development. The company is evaluating precious metals essential for electric vehicles, wind turbines, alongside potential vanadium, iron, and defense systems. gallium value streams.

Versions

  1. 2026-10-05 17:56 UTC Global mining expansion and Greenland rare earth growth
  2. 2026-09-24 19:23 UTC Global mining resource expansion and restructuring
  3. 2026-09-23 00:57 UTC Global mining resource expansion and restructuring
  4. 2026-09-22 14:35 UTC Global mining resource expansion and restructuring

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