VR Resources has submitted a permit amendment to the BLM to expand its drill site capacity at the New Boston project in Nevada, aiming to double permitted sites from eight to sixteen. The company is planning follow-up drilling based on recent high-grade polymetallic intercepts from hole NB26-003.
Greenland Resources has signed binding long-term offtake agreements with major steel producers Outokumpu and SSAB. The company also noted the strategic importance of its Malmbjerg molybdenum project following a new defence agreement between Greenland, Denmark, and the US.
Greenland Resources has successfully completed its expanded summer field program in Greenland, focusing on geotechnical, geophysical, and engineering survey work. The program included the collection of 8 tonnes of diamond drill core and water for upcoming metallurgical pilot plant testing of molybdenum, magnesium, and rare earth elements.
EraNova Metals has filed a NI 43-101 technical report supporting an updated Preliminary Economic Assessment (PEA) for the Adanac Molybdenum Project. The report confirms a base case after-tax NPV of C$714.7 million and a 23.5% IRR, supported by a molybdenum resource containing 435.7 million pounds of M&I.
DLP Resources Inc. announced positive results from a Preliminary Economic Assessment (PEA) for its Aurora Copper-Molybdenum Project in Peru, outlining a 17.5-year mine life with an after-tax NPV8% of $2.703 billion and an IRR of 18.5%. The PEA highlights Aurora as a large-scale asset with significant molybdenum production, supported by an updated Mineral Resource Estimate. The company plans a phased development approach, with substantial multi-phase underground expansion potential beyond the initial mine plan.
Greenland Resources has received a non-binding Letter of Intent from the Nordic Investment Bank (NIB) for potential funding of up to US$120 million. This follows previous interest from Export Development Canada (EDC) for up to US$275 million to support the Malmbjerg molybdenum project in Greenland.
Greenland Resources has received approval for its 2026 summer field program in east Greenland. The company is advancing detailed engineering, infrastructure optimization, and environmental work while continuing equity financing efforts.
EraNova Metals Inc. announced positive results from a Preliminary Economic Assessment (PEA) for its 100% owned Adanac Molybdenum Project in British Columbia. The PEA outlines a 24-year open-pit operation with a post-tax NPV of C$714.7 million and an IRR of 23.5% at a base case molybdenum price of US$25.00/lb. The study confirms Adanac as a large-scale, long-life primary molybdenum project with strong economics, supported by a high-confidence mineral resource (93% M&I in the mine plan) and existing infrastructure, enabling direct advancement to a Feasibility Study.
Titiminas Silver has confirmed high-grade molybdenum mineralization at its Janchiscocha target in Peru during its first modern exploration campaign. The campaign also identified a district-scale quartz-molybdenite vein system.
Moon River Moly Ltd. has engaged Concentrator Support Ltd. to provide engineering and metallurgical services for the Davidson Molybdenum-Copper-Tungsten Project. The engagement includes appointing Cameron Lilly as Project Manager to oversee ongoing tungsten flotation test work and future development planning.
