Verdera Energy has successfully closed the sale of its non-core Treeline Uranium Project, receiving cash, shares, and retaining a royalty. This transaction allows the company to focus on its core ISR uranium assets in New Mexico, leveraging its significant historical uranium endowment.
Empire Metals has achieved a technical breakthrough at its Pitfield project, demonstrating the ability to produce high-value rutile pigment instead of the previously assumed anatase pigment. This shift is expected to increase the value of the material from approximately $2,500 to $3,500 per tonne.
Zentek has filed the technical report for its Albany Graphite Project Preliminary Economic Assessment (PEA), outlining a US$3.85 billion after-tax NPV at a 5% discount rate and a 27.4% after-tax IRR. The study proposes an acid-free purification route to produce 30,000 tonnes per year of ultra-high-purity graphite over a 30-year production period, with an initial capital cost of US$817 million. The project also features a significant mineral resource estimate, including 23.1 Mt indicated at 4.14% Cg and 13.3 Mt inferred at 2.88% Cg, and is recommended for advancement to a Pre-Feasibility Study.
ESGold has completed approximately 2,030 metres of its 5,000-metre Montauban drilling program. Visual observations have identified sulphide-bearing intervals (pyrite, pyrrhotite, and galena), but assay results for the 400 submitted samples are still pending.
