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Category: Oil Mining Resources

Ansons’ and POSCO Holdings’ Boards Approve Terms for Binding Agreement for DLE Demonstration Plant at Green River

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Anson Resources and POSCO Holdings have received board approval for a binding agreement to develop POSCO’s Direct Lithium Extraction ("DLE") Demonstration Plant at the Green River Lithium Project in Utah. POSCO to lead the project at its own expense including the design, construction and operation of its proprietary Direct Lithium Extraction ("DLE") Demonstration Plant POSCO … Continued

Federal Budget Highlights Importance of Heavy Construction Materials Sector

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Key Facts: The 2026-27 Federal Budget includes major investments in transport infrastructure and housing, with $11.9 billion allocated to the National Fuel Security Plan The cement, concrete and aggregates industry contributes $20.7 billion to GDP and supports 112,970 jobs nationally, enabling Australia's $175 billion construction sector Heavy construction materials are critical foundation materials for all … Continued

Elevra Lithium Announces Purchase of Moblan Offtake Rights

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BRISBANE, Australia, May 12, 2026 (GLOBE NEWSWIRE) — North American lithium producer Elevra Lithium Limited (“Elevra” or “Company”) (ASX:ELV; NASDAQ:ELVR) is pleased to announce that it has purchased and terminated the spodumene concentrate offtake agreement (“Offtake Agreement”) previously granted to an investment vehicle managed by Waratah Capital Advisors Ltd (“Waratah”) in respect of the Moblan … Continued

CANEX and Gold Basin Resources Announce Arrangement Agreement to Facilitate CANEX’S Acquisition of Remaining Gold Basin Shares

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Gold Basin Shareholders will receive identical consideration as those who tendered to CANEX’s earlier offer Liquidity, enhanced financial capacity, and significant premium of 242% represent key benefits for Gold Basin Shareholders Combination will consolidate the Arizona oxide gold district CALGARY, AB AND VANCOUVER, BC / ACCESS Newswire / May 12, 2026 / CANEX Metals Inc. … Continued

Elevra Lithium’s Updated NAL Expansion Scoping Study Defines Faster Growth and Lower Costs

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BRISBANE, Australia, May 12, 2026 (GLOBE NEWSWIRE) — North American lithium producer Elevra Lithium Limited (“Elevra or Company”) (ASX:ELV; NASDAQ:ELVR) announced today the outcomes of an Updated Scoping Study for expansion of the existing North American Lithium (NAL) mine. Relative to the study from 15 September 20251 this study delivers additional annual concentrate production two … Continued

Expert: greening heavy industry in Australia

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A Monash expert, who writes for The Conversation on the challenges and opportunities in decarbonising Australia’s heavy industry, is available to comment as pressure grows to reduce emissions and transform the nation’s industrial base.  Available to comment: Dr Chang Wang, Civil and Environmental Engineering Contact: +61 450 498 699 or [email protected]    Green steel Decarbonisation … Continued

Variscan Mines Uncovers High-Grade Historic Zinc Results Across Novales Trend in Spain

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Variscan Mines Uncovers High-Grade Historic Zinc Results Across Novales Trend in Spain Historic surface drilling confirms extensive high-grade zinc mineralisation across the Novales Trend, reinforcing district-scale growth potential at Variscan’s flagship Spanish zinc assets Variscan Mines (ASX: VAR) has reported a series of high-grade historic surface drilling results across the Novales Trend at its flagship … Continued

Variscan Mines Secures Strongly Supported A$5 Million Placement to Accelerate Drilling at High-Grade Spanish Zinc Projects

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Variscan Mines Secures Strongly Supported A$5 Million Placement to Accelerate Drilling at High-Grade Spanish Zinc Projects Placement strongly supported by sophisticated and institutional investors to accelerate drilling and resource growth across the Novales-Udías Zinc Project in northern Spain Variscan Mines (ASX: VAR) is pleased to announce it has received firm commitments for a strongly supported … Continued

Elevra Lithium Announces Agreement to Sell Ewoyaa Project Interest

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BRISBANE, Australia, May 11, 2026 (GLOBE NEWSWIRE) — North American lithium producer Elevra Lithium Limited (“Elevra” or “Company”) (ASX:ELV; NASDAQ:ELVR) is pleased to announce that it has entered into an agreement to sell its interest in the Ewoyaa Lithium Project (“Ewoyaa Project”) in Ghana to Zhejiang Huayou Cobalt Co, Ltd. (“Huayou”). Upon closing of the … Continued