An announcement is expected to be made in the first quarter of 2024 regarding the financing of the upfront capital expenditure needed to develop the Longonjo project. 

Lycopodium has been awarded a feasibility study and basic engineering contract for the project. 

Ionic Rare Earths has signed a share purchase agreement with Rare Earth Elements Africa to acquire a further 34% interest in Ugandan company Rwenzori Rare Metals, which owns 100% of the Makuutu... 

The Canadian government has offered funding to support metallurgical testwork for the Nico project. 

Murray & Roberts Cementation will repurpose Ivanhoe Mines’ 3 Shaft to serve a dual function. 

Star Diamonds’ technical team is once again focused on the technical investigation and evaluation of the project. 

Precious metals-focused royalty and streaming company Gold Royalty will provide $31-million in project financing for the project. 

San José will have a 26-year mine life, which will support a two-million-tonne-a-year lithium chemical conversion facility. 

A direct shipping ore feasibility study has demonstrated the strong economics of the project and shown a low technical risk. 

The first product was ready for shipment on December 4. 

Euro Manganese has signed definitive agreements with OMRF for $100-million in nondilutive financing to advance the project. 

Multiple broad intervals of visible spodumene have been observed in drilling outside of the current mineral resource estimate, significantly increasing the potential for a resource upgrade. 

Lake Resources is embarking on a quest for strategic partnerships to propel the project to new heights. 

Capital costs for the underground expansion are expected to reach $100-million in 2024. 

Ionic Rare Earths’ Ugandan subsidiary has land access agreements in place for most of the mining licence area for the project.  

Peak Rare Earths has successfully reduced its capital and operating cost estimates. 

Rio Tinto has earmarked about $10-billion a year in capital investments from 2024 to 2026. 

Deep Yellow is making strides towards extending the mine life of its Tumas project. 

Talga has completed its share purchase plan for the development of its Vittangi project. 

A scoping study has proposed a three-million-tonne-a-year direct shipping ore project. 

The project design has changed. 

A preliminary economic assessment has proposed a 400 000 t/y operation with a 22-year life-of-mine. 

EcoGraf is advancing towards securing $105-million for project development. 

A scoping study has proposed the openpit mining of Target 1 and Target 4 at the project. 

The project involves the construction of Africa’s first decarbonised iron plant. 

Giyani Metals has secured $16-million in financing from South Africa’s Industrial Development Corporation. 

Allkem plans to develop Cauchari as a 30-year operation. 

A prefeasibility study has supported a disciplined path to restarting operations and realising significant vertical integration synergies with the Langeloth metallurgical facility. 

Image Resources has received A$22-million from the sale of its final bulk shipment of heavy minerals concentrate from the project.