Public Company News

The Bulls N' Bears ASX Runner of the Week is… Australian Strategic Materials, which bagged a $450 million takeover bid from NYSE-listed Energy Fuels Inc. Osteopore landed yet another exclusive Hong Kong distribution deal with MontsMed for its dissolving 3D-printed bone scaffolds, Olympio unveiled over 100 high-grade gold hits from drilling at its Bousquet project in Quebec and Riversgold continued the gold fever with shallow high-grade gold at its Kalgoorlie Northern Zone, plus a $2.15m strategic capital raise.

Dalaroo Metals is charging ahead with a high-octane 2026 exploration blitz at its flagship Blue Lagoon critical minerals project in Greenland, hot on the heels of a knockout reconnaissance program in 2025. Results from that work have lit a fire under the stock, positioning Dalaroo as a serious contender in the global scramble for secure, conflict-free supplies of rare earths, zirconium, hafnium and niobium.

Dateline Resources has loaded its war chest, banking $35 million in fresh funding to push the accelerator on its Colosseum gold project in California. With permits in hand, a bankable feasibility study due this year and stratospheric gold prices, the company is positioning itself to move swiftly from study mode into construction, backed by robust economics and growing US strategic interest.

Estrella Resources has fired the starting gun on what could be Timor-Leste's first economic mining, with diggers onsite to mine up to 30,000 tonnes of high-grade manganese ore from its Ira Miri project. The latest activity follows the company's recent agreement with the country's national mineral authority, authorising the extraction of ore from Estrella's project for market appraisal purposes.

Pilot Energy is set to commission a one-megawatt modular data centre at its Arrowsmith facility in WA's Mid-West in early 2026, expanding to 4 megawatts by mid-year. The Dongara Data Centre is expected to be the region's first live data centre and deliver near-term positive cash flow to support Pilot's energy transition strategy.

Peninsula Energy is gaining traction at its Lance uranium project in Wyoming, with Mine Unit 4 ramping up, wellfields delivering early wins and revised US uranium policy sharpening the outlook for producers. With Mine Unit 4 outperforming early expectations and a revamped processing plant now humming, the company's long-awaited production reset is finally beginning to show its teeth.

Neometals Ltd has continued to rack up high-grade hits at its Barrambie gold project in Western Australia's Mid-West region, delivering a bonanza 1m at 38.4 grams per tonne in first pass drilling along strike from the historic Golden Treasure mine. The latest results capped off last year's drilling program at the prospect, where 26 reverse circulation holes for more than 3250 metres peppered the intriguing trend.

St George Mining has secured extra runway in its push to feed US rare earths demand with a year's extension of its alliance with REalloys, a key US supplier of magnets to US defence and energy labs. The original MOU with REalloys set a 120-day window to nail down a definitive offtake deal for up to 40 per cent of future production from St George's flagship Araxá project in Brazil.

Buru Energy is inching closer to gas production in Western Australia after the Environmental Protection Authority approved exploration and well appraisal at the neighbouring Valhalla gas project in the Canning Basin. Buru received its own EPA approval in September last year and says the move is a major government endorsement of the onshore Canning Basin, where Buru's Rafael project is set to drill in the June quarter this year.

American West Metals has dropped a bumper resource upgrade at its flagship Storm copper project in Nunavut, Canada, increasing the deposit's contained metal by more than 20 per cent. The boosted inventory now sits at 28.2 million tonnes of mineralisation grading one per cent copper and 3.3 grams per tonne silver, for 276,000 tonnes of copper and 3.0 million ounces of silver – a 36 per cent lift in silver ounces.

With gold prices holding near record territory, Reach Resources has locked in a key piece of the puzzle at its Murchison South gold project, securing a second granted mining lease that consolidates historic workings. The lease win also expands its development footprint and sharpens the pathway toward studies, drilling and potential production in one of WA's most gold-rich corridors.

St George Mining has landed another set of jaw-dropping rare earths and niobium results at its Araxá project in Brazil, with diamond-drill assays confirming thick, high-grade intercepts from surface, extending beyond the current world-class resource outline. The company says potential exists for a substantial resource upgrade with most holes ending in strong mineralisation.