The US has reached its first trade deal which has lifted market sentiment heading into the weekend. The trade deal is with the UK and is the first since US President Donald Trump announced the worldwide tariff roll-out at the start of April. ANZ Rates Strategist Jack Chambers says the baseline reciprocal tariff of 10% […]
The Australian Securities Exchange (ASX) repositioned itself in positive territory by the closing bell on reports US President Donald Trump may have reached a trade deal. News reports tip the deal to be with the UK, with an announcement expected to be made tonight (AEST). The prospect of further calm on the trade front lifted […]
American Rare Earths (ASX:ARR) plans to include recent channel sampling results into a resource model for an upcoming Prefeasibility Study (PFS) at the Halleck Creek Rare Earths Project in Wyoming, US. A channel sampling program was completed across the Cowboy State Mine, part of Halleck Creek, which returned total rare earth oxide (TREO) grades up […]
The Australian Securities Exchange (ASX) is heading into the weekend on a positive note, having sustained its upward momentum for the past seven trading sessions. The S&P/ASX200 rallied a further 92.4 points, or 1.13%, to 8,238 points by the closing bell on Friday (2 May). This pushed the index 3.39% higher over the past five […]
The Australian Securities Exchange (ASX) has continued its run up in early trade today (2 May) after US equities markets were buoyed overnight by solid tech earnings and less of a slowdown in US manufacturing than expected. The S&P/ASX200 rose 30.7 points, or 0.38%, to 8,176.3 points by 10.30am (AEST). The index has rallied 2.61% […]
Provenance Gold (CSE:PAU) has begun a phase one reverse circulation drilling program at the Eldorado Project in eastern Oregon, US, atop of an established 241 historical drillholes and a positive recent assessment of the area. The follow up phase will focus on expanding the open-ended gold system and comes on the back of an initial […]
Victory Metals (ASX:VTM) has received a letter of interest from the Export-Import Bank of the US (EXIM) for up to US$190 million ($297.32 million) in project financing for the development of the North Stanmore Project in Western Australia. Under the non-binding letter of interest, the potential debt financing support has a 15-year indicative repayment term. […]
Following China’s imposition of immediate export controls on key heavy rare earths, ABx Group (ASX:ABX) is looking to progress its drilling program for new mineralisation on an exploration licence in Temple Bar, in northern Tasmania. The tenement is unexplored for rare earths and sits immediately south of the company’s Portrush REE discovery, where a drillhole […]
CoTec Holdings (TSX-V:CTH) and Mkango Resources (TSX-V:MKA) have appointed US-based PegasusTSI and Canada-based BBA USA to complete engineering, procurement and construction management (EPCM) services. The EPCM services are for HyProMag USA’s rare earth magnet recycling and manufacturing project located in Dallas-Fort Worth, Texas (DFW hub). HyProMag USA is owned 50:50 by CoTec and HyProMag — […]
The Australian Securities Exchange (ASX) is giving up the gains it amassed in its best one-day performance in five years after US President Donald Trump went for the trifecta on China tariffs. Overnight (AEST) the White House clarified that the tariff on China has actually increased to 145%, not 125%, marking the third hike this […]