ValOre Metals is advancing its 100%-owned Pedra Branca PGE-gold project in Brazil, targeting a Preliminary Economic Assessment (PEA) in Q4 2026. The project holds an inferred resource of 2.2 Moz 2PGE+Au, which has doubled since acquisition, with additional drilling results pending incorporation.
Clean Air Metals Inc. has closed a C$6.2 million non-brokered private placement. This financing is part of a business combination with Springbok Ventures, which will create a new critical minerals company focused on the Thunder Bay North and Maude Lake projects in Ontario.
Bravo Mining has released a Pre-Feasibility Study for its Luanga PGM project in Brazil, reporting an after-tax NPV of $1.45 billion and a 35% IRR. The study incorporates a new smelter to enable vertical integration, resulting in 86.7 million tonnes of proven and probable reserves.
The platinum market is forecast to shift from a deficit to a 265,000-ounce surplus in 2026, driven by declining investment demand and increased recycling rather than new mine production. Existing PGM supply remains constrained by declining ore grades and rising costs in major producing regions like South Africa and Russia.
ValOre Metals Corp. is preparing a resource update for its Pedra Branca project in Brazil, expected in Q3 2026, which will incorporate 6,000m of drilling from 2023. The current 2022 inferred resource of 2.2 Moz (platinum, palladium, and gold) in 63.3 Mt @ 1.08 g/t is expected to be revised upward. A Preliminary Economic Assessment (PEA) is targeted for Q4 2026.
Bravo Mining Corp. announced new drill results from its Luanga PGM+Au+Ni deposit in Brazil, highlighting a significant intercept of 54m at 2.8 g/t PGM+Au and 0.16% Ni, including a higher-grade section of 5m at 10.7 g/t PGM+Au and 0.40% Ni. These results from infill and extensional drilling continue to demonstrate the potential to expand and upgrade the mineral resource, with consistent grades and mineralized thicknesses at depth. The company plans an updated Mineral Resource Estimate in Q1 2027 following a PFS in Q3 2026.
Bravo Mining Corp. reported strong assay results from infill and step-out drilling at its Luanga PGM+Au+Ni deposit in Brazil, including 53.85m at 2.83 g/t PGM+Au and 0.16% Ni, with a high-grade sub-interval of 5.01m at 10.68 g/t PGM+Au and 0.40% Ni. These results from eight holes demonstrate mineralization continuity at depth and support the upgrade of Inferred resources to the Indicated category for an updated Mineral Resource Estimate targeted for Q1 2027. The company also confirmed robust QA/QC procedures and QP sign-off for the technical information.
Terra Metals has reported significant high-grade PGM, nickel, and copper drill results at its Southwest Discovery in Western Australia. The results reveal multiple stacked reef layers and a broad mineralised system, with metallurgical testing and resource definition work currently underway.
Eastern Platinum Limited reported a challenging second quarter of 2026, characterized by a 25.8% decrease in revenue and a shift to a mine operating loss of $4.2 million. While PGM 6E grades showed improvement, lower-than-targeted ROM processing tonnages at the Crocodile River Mine drove the decline in results.
