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Statistics Canada released September’s job data on Friday (October 10). According to the release, 60,000 jobs were added to the Canadian economy during the month, and the employment rate increased to 60.6 percent, up 0.1 percent from August. However, the unemployment rate remained unchanged at 7.1 percent.

The increase in the labor market follows a significant decline of 106,000 combined jobs over the previous two months.

Leading the gains was the manufacturing sector, which added 28,000 jobs to the labor force. The increase was followed by 14,000 new workers in the health care and social assistance sector, and 13,000 new roles in the agriculture sector.

The natural resources sector posted a 2.2 percent gain, adding 7,100 new jobs over August’s numbers, but the sector shed 18,200 workers over September 2024.

Earlier in the week, StatsCan released a report on the economic contribution of critical mineral production in 2023 on Monday (October 6).

In 2023, critical mineral production contributed C$30.2 billion in nominal gross domestic product (GDP) and C$20.9 billion in real GDP terms, which accounted for 1.1 percent of the total economy and 37.4 percent of the mineral and mining sector.

The report also details a nominal GDP increase of 63 percent and a real GDP growth of 12.7 percent between 2019 and 2023. During the same period, job growth increased by 6.2 percent, with the subsector employing nearly 55,000 workers, outpacing the entire mineral and mining sector and the broader economy, which grew by 5.2 percent and 5.6 percent, respectively.

South of the border, the White House announced on Monday that President Donald Trump approved the Ambler Access Road project in Alaska. This was followed by a 50 to 46 vote by the Senate on Thursday evening to repeal a land management plan for Alaska that had delayed development of the road.

The controversial project would connect the Dalton Highway to the Ambler Mining District via a route that passed through the Gates of the Arctic National Park, considered one of the United States’ best-preserved parks.

The access road was initially approved during Trump’s first term in office, but approvals were rescinded in 2024 under the Biden administration due to the impact on the Western Arctic caribou herd, salmon and other wildlife. The Native American Tribes who live, hunt and fish in the area have largely stood in opposition to the road.

Proponents point to access to critical minerals like copper and gallium, which have become a focal point as the US seeks to increase domestic production of these minerals, which are required for the advancement of AI technologies, data centers and national defense.

Both gold and silver soared to record highs this week, with the gold price reaching US$4,058.98 per ounce on Wednesday (October 8) and the silver price climbing to an intraday all-time high of US$51.14 per ounce on Thursday (October 9). While gold has been consistently setting new records in 2025, silver broke its all-time high set in 1980.

Precious metals have seen broad gains since the start of the year, fueled by widespread uncertainty in the global economy due to factors including chaotic US trade policy and, most recently, the failure of US lawmakers to agree on a funding package to prevent the federal government from shutting down.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were mixed this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) halted its record-breaking run this week, losing 1.17 percent to close Friday at 29,850.89.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) fared better, ending a volatile week up 1.75 percent at 980.77. The CSE Composite Index (CSE:CSECOMP) was up 2.2 percent to close out the week at 184.31.

The gold price set another new record, reaching an intraday high of US$4,058.98 per ounce on Wednesday. On the week, gold was up 3.39 percent to US$4,018.68 by Friday’s close.

The silver price saw even stronger gains, breaking its own all time high on Thursday at US$51.14 per ounce, before pulling back slightly to post a weekly gain of 4.27 percent to US$50.03 per ounce by 4:00 p.m. EDT Friday.

Copper was up as much as 3 percent on the week during trading Thursday, but the copper price collapsed on Friday, falling from US$5.10 to end the week at US$4.80 per pound.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.71 percent to end Friday at 539.97.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Valhalla Metals (TSXV:VMXX)

Weekly gain: 282.35 percent
Market cap: C$44.59 million
Share price: C$0.65

Valhalla Metals is a polymetallic exploration company with a pair of projects in Alaska’s Ambler Mining District, the Sun and Smucker projects.

Its primary focus, the Sun project consists of 392 claims that cover an area of 25,382 hectares.

A May 2022 technical report states that the indicated resource for the project is 1.71 million metric tons of ore containing 55.85 million pounds of copper, 162.96 million pounds of zinc, 42.04 million pounds of lead, 3.3 million ounces of silver and 12,000 ounces of gold.

It also reported an inferred resource of 9.02 million metric tons containing 239.64 million pounds of copper, 831.33 million pounds of zinc, 290.26 million pounds of lead, 23.68 million ounces of silver and 73,000 ounces of gold.

The project is largely dependent on the construction of the 211 mile Ambler Access Road, which Trump approved in his first term. Former President Joe Biden rescinded the federal permit in 2024 due to environmental concerns, which is discussed in-depth above.

Shares in Valhalla surged this week after the Senate and the White House signaled support for the project. The company said in a news release on Tuesday (October 7) that it was excited by the reversal and will now be able to restart exploration and expand the known resources at the Sun Deposit.

2. Trilogy Metals (TSX:TMQ)

Weekly gain: 191.35 percent
Market cap: C$1.53 billion
Share price: C$8.42

Trilogy Metals is a polymetallic exploration and development company working to advance its Upper Kobuk mineral projects in Northern Alaska, which it owns in a 50/50 joint venture with South32 (ASX:S32,OTC Pink:SHTLF).

Its most advanced asset is the Arctic copper, zinc, lead, gold and silver project, which is in the feasibility stage. In an updated feasibility study from February 2023, the company reported annual payable production volumes of 148.68 million pounds of copper, 172.6 million pounds of zinc, 25.75 million pounds of lead, 32,538 ounces of gold and 2.77 million ounces of silver.

After tax, the study pegged the net present value at US$1.11 billion, with an internal rate of return of 22.8 percent and a payback period of 3.1 years.

Trilogy’s other key asset is the Bornite copper-cobalt project located 25 kilometers southwest of its Arctic project. The site hosts widespread mineralization and has seen historic exploration dating back to the 1950s.

A preliminary economic assessment for Bornite, dated January 15, established an after-tax net present value of US$393.9 million, with an internal rate of return of 20 percent and a payback period of 4.4 years. The updated mineral resource included with the report estimates an inferred resource of 6.53 billion pounds of copper with an average grade of 1.42 percent from 208.9 million metric tons of ore.

Like Valhalla’s, shares in Trilogy surged this week on the news that the US government approved construction of the Ambler Access Road.

Additionally, Trilogy reported on Monday that it had entered into a binding letter of intent, that would see the US Department of Defense invest US$17.8 million in Trilogy in exchange for 8.22 million shares, or 10 percent of the company, and will hold warrants for an additional 7.5 percent.

Both Trilogy and the DoD stated that they will work in good faith to facilitate financing for the construction of the road and will include permit applications for the FAST-41 process to expedite mining development.

3. ARES Strategic Mining (CSE:ARS)

Weekly gain: 180.65 percent
Market cap: C$184.54 million
Share price: C$0.87

Ares Strategic Mining is a development company advancing its Lost Sheep fluorspar mine in Utah, US, to production.

Initially acquired in 2020, the property consists of 353 claims across 5,982 acres south-west of Salt Lake City. The Lost Sheep fluorspar mine is currently in the construction phase and has received backing from the state of Utah and the federal government. It is the only permitted fluorspar mine in the country.

Ares reported on July 31 that it had launched a program with Iowa State University and the Ames National Laboratory to explore the potential of extracting gallium from the site in addition to fluorspar,

As part of this research, the company indicated on September 16 that it had also confirmed the presence of germanium within fluorspar samples from its Lost Sheep mine. The company said that the discovery has the potential to unlock additional critical mineral value from the project.

In its most recent construction update on September 11, Ares reported the Lumps plant has reached an advanced stage, with concrete foundations and pads being completed and steel frame structures being erected.

4. Nord Precious Metals (TSXV:NTH)

Weekly gain: 154.55 percent
Market cap: C$17.04 billion
Share price: C$0.42

Nord Precious Metals is focused on advancing its projects in Ontario, Canada, and owns the TTL silver gravity plant in the region.

The company’s primary exploration property is the Castle project located south of Timmins in the Cobalt Camp. It covers an area of 7,332.76 hectares and hosts the past producing Castle mine complex, which produced 9.4 million ounces of silver and 376,000 pounds of cobalt.

A 2021 mineral resource estimate revealed a total inferred silver equivalent resource of 7.57 million ounces, with an average grade of 7,149 grams per metric ton (g/t) silver, 2,537 g/t cobalt, 628 g/t of copper, and 467 g/t of nickel, from 32.9 million metric tons of ore.

The company also owns the past-producing Beaver Mine, located just east of Castle along the border between Ontario and Quebec. The mine operated until 1940 and produced 7.1 million ounces of silver.

The company has been working on the development of a tailings recovery program at the site, announcing on October 1 that test work produced commercial high-grade silver with concentrations up to 2,114.9 g/t.

Nord is planning to apply for a recovery permit to process tailings at its TTL gravity plant, which it plans to begin commissioning once it receives the permit.

The company said that the results validate the technical approach to the tailings program.

5. Avalon Advanced Materials

Weekly gain: 145.45 percent
Market cap: C$47.82 billion
Share price: C$0.135

Avalon Advanced Materials is an explorer and developer focused on lithium projects in Canada.

The company’s flagship project is its 40 percent owned Separation Rapids lithium project in Ontario, a joint venture with SCR-Sibelco, which owns the remaining 60 percent.

The project consists of three primary lithium targets: the Separation Rapids deposit; the Snowbank target, located near Kenora; and the Lilypad project near Fort Hope, which also hosts tantalum and cesium mineralization.

The pair increased the project’s measured and indicated resource by 28 percent in late February.

Avalon is also developing the Lake Superior lithium processing facility in Thunder Bay, Ontario.

The most recent news from Avalon came on Thursday when it reported that it had produced lithium hydroxide and analcime using an alkaline leach process developed by Finnish mineral processing company Metso.

The company said that early assessments indicate a 60 percent potential reduction in water use, along with a smaller carbon footprint compared to traditional methods. It stated that the achievement marked a milestone for the company to establish a sustainable lithium processing solution at its facility

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES.

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical minerals, is pleased to announce the closing of its previously announced non-brokered private placement pursuant to which the Company raised aggregate gross proceeds of C$2,988,024.64 (the ‘ Offering ‘).

Pursuant to the Offering, the Company issued (i) 7,100,088 flow-through common share units of the Company (the ‘ FT Units ‘) at C$0.28 per FT Unit for gross proceeds of C$1,988,024.64, and (ii) 4,000,000 hard dollar common share units of the Company (the ‘ HD Units ‘, and together with the FT Units, the ‘ Securities ‘) at C$0.25 per HD Unit for gross proceeds of C$1,000,000.

Financing Overview:

Each FT Unit consists of one flow-through common share as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘), and one-half of one transferable common share purchase warrant (each whole warrant, a ‘ Warrant ‘). Each Warrant will entitle its holder to purchase one common share in the capital of the Company (a ‘ Warrant Share ‘) at a price of C$0.50 until October 10, 2027. The Warrant Shares underlying the FT Units will not qualify as ‘flow-through shares’ under the Tax Act.

Each HD Unit consists of one common share and one-half of one Warrant. Each whole Warrant will entitle its holder to purchase one Warrant Share at a price of C$0.50 until October 10, 2027.

Each of the Warrants will be subject to the right of the Company to accelerate the expiry date of the Warrants to a date that is 30 days following dissemination of a news release announcing such acceleration if, at any time, after October 10, 2025 (the ‘ Closing Date ‘), the closing price of the Company’s common shares equals or exceeds C$0.75 for a period of ten consecutive trading days on the TSX Venture Exchange (the ‘ Exchange ‘).

All securities issued in connection with the Offering are subject to a hold period of four months and one day following the Closing Date pursuant to applicable securities laws, expiring February 11, 2026.

The Company paid cash finder’s fees in the aggregate amount of $130,003 and issued an aggregate of 478,204 finder’s warrants in connection with the Offering. Each finder’s warrant entitles the holder thereof to purchase one common share of the Company at a price of $0.50 per share for a period of 24 months from the Closing Date.

The gross proceeds from the FT Units will be used by the Company for ‘Canadian exploration expenses’ that are ‘flow-through critical mineral mining expenditures’ (as such terms are defined in the Tax Act) on the Company’s Canadian mineral resource properties. The net proceeds of the HD Units will be used by the Company for administrative and general working capital, which may include investor relations activities.

The securities of SAGA have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘ U.S. Securities Act ‘), or any state securities laws, and may not be offered or sold, within the United States, unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available.

No securities regulatory authority has reviewed or approved of the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Marketing Services Agreement with Capitaliz.

The Company further reports that it has entered into a digital marketing services agreement effective as of October 13, 2025 (the ‘ Capitaliz Agreement ‘) with 1123963 B.C. Ltd. D.B.A. Capitaliz (‘ Capitaliz ‘). Pursuant to the Capitaliz Agreement, Capitaliz will, among other things, provide the Company with certain marketing services to expand investor awareness of the Company’s business and to communicate with the investment community (the ‘ Capitaliz Services ‘). The Capitaliz Services will be provided by Capitaliz over a three-month term. The Capitaliz Agreement may be terminated at any time by either party with 30 days’ notice.

Capitaliz is a content-driven digital marketing agency that connects public companies with social media influencers across all major social media platforms, leveraging a creator network that reaches over 100 million subscribers.

The Capitaliz Services will include, among other things: (i) multimedia content creation and syndication, including the production and distribution of editorial video content; (ii) targeted traffic generation through a combination of pay-per-click advertising, social media marketing, native advertising, search engine optimization, email campaigns, and retargeting strategies; and (iii) strategic social media amplification of campaign content across platforms such as Investorhub and YouTube; and (iv) expanded distribution through established relationships with financial media platforms. In consideration of the Capitaliz Services, and pursuant to the terms and conditions of the Capitaliz Agreement, the Company has agreed to pay Capitaliz a fee of C$200,000 (plus applicable taxes) over a three-month term, which will be paid using the Company’s available working capital.

The Capitaliz Services will be rendered primarily online through a variety of news and investment community communications channels. Jeff Leslie, the principal of Capitaliz – located at 704 – 595 Howe Street, Box 35, Vancouver, BC, V6C 2T5 – will be involved in conducting the Capitaliz Services. Capitaliz and Mr. Leslie do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. The terms and conditions of the Capitaliz Agreement remain subject to approval of the Exchange.

Online Marketing Agreement with i2i Marketing Group, LLC.

In addition, the Company reports that it entered into an online marketing agreement (the ‘ i2i Agreement ‘) with i2i Marketing Group, LLC (‘ i2i ‘). Pursuant to the i2i Agreement, i2i will, among other things, provide the Company with corporate marketing and investor awareness services, including, but not limited to, content creation management, author sourcing, project management and media distribution (the ‘ i2i Services ‘). The i2i Services will be provided by i2i pursuant to an initial US$250,000 budget, which will be paid using the Company’s available working capital, and may continue on a month-to-month basis thereafter until the i2i Agreement is terminated. The i2i Agreement may be terminated by either party upon 10 days’ advance written notice to the other party during the contract term.

The i2i Services will be rendered primarily online through a variety of news and investment community communications channels. Joe Grubb and Kailyn White, principals of i2i will be providing services on behalf of i2i, which has an office located at 1107 Key Plaza #222 Key West, FL 33040. i2i, Mr. Grubb, and Ms. White do not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

The terms and conditions of the i2i Agreement remain subject to approval of the Exchange.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, the Offering, including the expected use of proceeds from the Offering, the receipt of the Capitaliz Services and the i2i Services, and the terms of the Capitaliz Agreement and the i2i Agreement. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

HONG KONG — China outlined new curbs on exports of rare earths and related technologies on Thursday, extending controls over use of the elements critical for many high-tech and military products ahead of a meeting in about three weeks between President Donald Trump and Chinese leader Xi Jinping.

The regulations announced by the Ministry of Commerce require foreign companies to get special approval to export items that contain even small traces of rare earths elements sourced from China. These critical minerals are needed in a broad range of products, from jet engines, radar systems and electric vehicles to consumer electronics including laptops and phones.

Beijing will also impose permitting requirements on exports of technologies related to rare earths mining, smelting, recycling and magnet-making, it said.

China accounts for nearly 70% of the world’s rare earths mining. It also controls roughly 90% of global rare earths processing. Access to such materials is a key point of contention in trade talks between Washington and Beijing.

As Trump has raised tariffs on imports of many products from China, Beijing has doubled down on controls on the strategically vital minerals, raising concerns over potential shortages for manufacturers in the U.S. and elsewhere.

It was not immediately clear how China plans to enforce the new policies overseas.

During a cabinet meeting Thursday, Trump said he had yet to be briefed on the new rules but suggested that the U.S. could stop buying Chinese goods. “We import from China massive amounts,” Trump said. “Maybe we’ll have to stop doing that.”

Neha Mukherjee, a rare earths analyst at Benchmark Mineral Intelligence, called the new export controls “a strategic move by China that mirror some of Washington’s new chip export rules.

“Most rare earth magnet manufacturers in the U.S., Japan and elsewhere remain heavily dependent on rare earths from China, so these restrictions will force some difficult decisions — especially for any company involved in military uses of rare earths because most of those export licenses are expected to be denied, he said.

“The message is clear: if the U.S. and its allies want supply chain security, they must build independent value chains from mine to magnet,” Mukherjee said.

The new restrictions are to “better safeguard national security” and to stop uses in “sensitive fields such as the military” that stem from rare earths processed or sourced from China or from its related technologies, the Commerce Ministry said.

It said some unnamed “overseas bodies and individuals” had transferred rare earths elements and technologies from China abroad for military or other sensitive uses which caused “significant damage” to its national security.

The new curbs were announced just weeks ahead of an expected meeting between Trump and Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation forum in South Korea, that begins at the end of this month.

“Rare earths will continue to be a key part of negotiations for Washington and Beijing,” George Chen, a partner at The Asia Group, said in an emailed comment. “Both sides want more stability but there will be still a lot of noises before the two leaders, President Trump and Xi, can make a final deal next year when they meet. Those noises are all negotiation tactics.”

These new restrictions will likely prompt additional government and private investments in developing a mine-to-magnet supply chain outside of China. Mukherjee said that $520 million of investments in the American rare earths industry were announced just in the second quarter with most of that coming from the government.

And there is some progress already being made with American magnet maker Noveon announcing an agreement with Lynas Rare Earths this week to secure a supply of rare earths outside of China from Lynas’ mine in Australia, and MP Materials preparing to begin producing magnets later this year at its new plant in Texas that uses rare earths from the only U.S. mine that it operates in California.

In July, the U.S. Defense Department agreed to invest $400 million in shares of the Las Vegas company, establish a floor for the price of key elements, and ensure that all of the magnets made at a new plant in the first 10 years are purchased.

An MP Materials spokesperson said China’s action “reinforces the need for forward-leaning U.S. industrial policy. Building resilient supply chains is a matter of economic and national security.”

Wade Senti, president of the U.S. permanent magnet company AML, said it’s time to innovate.

“The game of chess that China is playing underscores the importance of developing innovation that changes the game and puts the United States in leading position,” Senti said.

Nazak Nikakhtar, a former Commerce Department undersecretary, said the new restrictions are “a significant development and escalation” by extending controls to related technology and equipment and to sectors like chipmakers. “This should be a wake-up call to the U.S. government that we need to invest in and appropriate more to domestic capabilities. Both are critical to rebuild America’s rare earths industrial base,” she said.

In April, Chinese authorities imposed export curbs on seven rare earth elements shortly after Trump unveiled his steep tariffs on many trading partners including China.

While supplies remain uncertain, China approved some permits for rare earth exports in June and said it was speeding up its approval processes.

This post appeared first on NBC NEWS

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announces a major advancement at its Mojave Project in California. Recent structural mapping has dramatically expanded the target mineralised corridor at the Desert Antimony Mine (DAM) Prospect and identified a parallel structural target, enhancing the potential for a larger mineralised system across multiple mineralised zones. This expanded target has the potential to strengthen Mojave’s position as a strategic U.S. critical minerals hub, aligned with accelerating domestic supply-chain initiatives.

Highlights

– Structural mapping expands target mineralised corridor at Desert Antimony Mine (DAM) fourfold to 1.2 km, dramatically increasing the exploration target footprint and scale potential

– New parallel structural target zone identified 150m west of the main DAM structure, indicating the potential for a multi-zone system

– Updated 3D geological model defines seven priority follow up surface sampling targets, supporting imminent exploration targeting and JORC Exploration Target work

– Regional mapping identifies lamprophyre dykes, highlighting potential for additional critical mineral occurrences including carbonatites

– Mojave emerging as a district-scale critical minerals hub, strategically aligned with accelerating U.S. onshoring policies

– Third phase structural mapping program to commence late November to continue building geological understanding of the project and identify new targets

– High-grade silver assays up to 216 g/t Ag returned from Hendricks Prospect, alongside anomalous Zn, Pb, and Cu, indicating a broader polymetallic system

The structural geology mapping completed in late August/September 2025 at the Mojave Project has expanded the strike extent of the target structure at the Desert Antimony Mine (DAM) Prospect from 0.3 km to 1.2 km, representing a ~400% increase and highlighting the potential of the system. Mapping confirmed the continuity of the NNE-striking structural zone that hosts high-grade stibnite mineralisation at DAM, and identified a second, parallel shear zone, approximately 150 m to the west, exhibiting similar alteration and structural characteristics.

The updated geological interpretation also highlights steep north-plunging intersections between the mapped shear zones and folded host rocks as possible mineralisation plunge controls. Collectively, these findings have been incorporated into a new 3D geological model, which has defined seven priority surface sampling targets to guide the next phase of exploration and support the development of a JORC Exploration Target to guide future drilling programs.

The scale and geometry of these target zones align with the type of high-grade, clean stibnite feedstock required to fast-track U.S. antimony supply chains under programs such as DPA Title III and DOE ARPA-E. The program, undertaken by a specialist structural geologist, delivered five key outcomes:

– Significant expansion of geological mapping to the northeast and southwest of the DAM Prospect, extending the target horizon to 1.2 km of strike and materially increasing the scale potential of the mineralised system.

– Completion of new geological maps for the Hendricks Prospect (2.5km south east of DAM) and the Junipero Prospect (1.1km north of the Mountain Pass Mine).

– Identification of multiple lamprophyre dykes across all areas mapped suggest the presence of deepseated mantle tapping structures.

– Updated 3D geological models across the claim package, providing enhanced structural understanding and supporting refined exploration targeting

– Definition of 18 priority target areas for follow-up detailed mapping and intensive sampling programs to further assess mineralisation potential (to commence in October).

Desert Antimony Mine (DAM)

Mapping at DAM focussed on extending to the NE and SW from the previous mapping campaign, resulting in a comprehensive geological map now covering ~1.8km of strike and the development of an updated 3D geological model (Figure 1*). This work has significantly enhanced the understanding of the structural framework and potential controls to mineralisation. Key highlights from mapping and modelling in this area include:

– Confirmation of continuity of the structural zone (which is host to the mineralisation at DAM) for approximately 400m NNE from the existing adits.

– Identification of a second parallel structural zone located approximately 150m west of the main mineralised trend, exhibiting a comparable alteration signature and kinematics to that seen at DAM.

– Extension of the target mineralisation corridor to ~1.2km (previously ~0.3km) representing a ~400% increase in strike length.

– Improved understanding of mineralisation controls, particularly the role of steep north plunging intersections between mapped shears and folded host rocks.

– Definition of seven priority areas for detailed follow up sampling and mapping to refine exploration targeting.

– Enhanced structural interpretation, revealing clear associations between E-W trending stratigraphy and regional fold hinges and NNE striking shear zones, critical for targeting additional mineralised zones.

– Completion of an updated 3D solid geology model, providing a robust foundation for refined drill planning, target prioritisation and the potential definition of a JORC Exploration Target (Figure 1*).

Hendricks Prospect

First pass mapping was undertaken at the Hendricks Prospect (Figure 1*). The area was selected as a priority target area for mapping due to rock chips previously collected by Locksley being elevated in REE.

A significant finding from the mapping was the identification of a substantial shaft and associated workings not previously known by the Company. Initial grab sampling has returned high-grade silver assays of 216g/t Ag with anomalous lead (0.3% Pb), Zinc (0.9%Zn) and Copper (0.1%).

Highlights from mapping and modelling in this area include:

– The overall structural architecture across the Hendricks prospect area shares many similarities with that surrounding the Desert Antimony Mine (DAM).

– Presence of multiple NNE striking shears throughout the mapping area which mirror the orientation of the mineralisation seen at DAM, demonstrating a regional structural consistency and potential for additional zones of mineralisation.

– Highly weathered and altered ENE to ESE striking shear zones with potential to host mineralisation

– Elevated scintillometer readings acquired from on syenogranite dykes, indicating potential for REE mineralisation.

– Multiple prospecting pits/costeans throughout the area proximal to the Hendricks Shaft targeting discrete NNE striking shear zones.

– Definition of 11 priority areas for detailed follow up sampling and mapping.

– A 3D solid geology model of Hendricks Prospect is underway and will be used for 3D target generation and drill program planning.

Mapping completed at the Hendricks Prospect Area has confirmed that target zones of interest continue to the south and will form part of the priority follow up mapping scheduled for late November 2025.

Junipero Prospect

First pass mapping was completed at the Junipero Prospect located just 1.1km north of the Mountain Pass Mine pit crest. The area was targeted due to a gravity high anomaly, the proximity to Mountain Pass and the potential for carbonatites to be found in the area. Highlights from mapping and modelling in this area include:

– Identification of multiple E-W trending lamprophyre dykes across the mapping area indicating deep seated mantle tapping structures highlighting the potential for REE hosting carbonatites throughout the area which could exploit the same pathways.

– Abundant felsic rocks (Tonalites, Syenogranites) providing potential sources of REE when assimilated with carbonatite magmas from the mantle.

– Collection of samples for multielement analysis and whole rock classification.

– A 3D solid geology model of Junipero Prospect has been completed and forms part of the DAM 3D geological model (Figure 1*) and will be used for ongoing 3D target generation and future activity.

Locksley Resources CEO Kerrie Matthews commented:

‘Our second structural mapping program at the Mojave Project has markedly advanced our geological understanding and confirmed the substantial exploration potential of this critical district. The fourfold expansion of the Desert Antimony Mine (DAM) target horizon has fundamentally changed the scale of the opportunity, demonstrating the potential for a much larger mineralised system. This success, coupled with high-grade silver confirmed at Hendricks and the identification of multiple regional shear zones, has effectively lit up the entire Mojave Project for polymetallic vein discoveries. These outstanding results strongly validate our rapid exploration and development strategy, aligning perfectly with the accelerating U.S. government focus on securing domestic critical mineral supply chains.’

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/7WY0FHM0

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Locksley Resources Limited
T: +61 8 9481 0389
E: info@locksleyresources.com.au

News Provided by ABN Newswire via QuoteMedia

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Australia-based Predictive Discovery (ASX:PDI) and Canadian company Robex Resources (ASX:RXR,TSXV:RBX,OTC Pink:RSRBF) have agreed on a merger of equals, creating West Africa’s new mid-tier gold producer.

In a joint announcement, the companies said that Predictive Discovery will indirectly acquire all of Robex Resources’ shares.

“(We expect) to issue an aggregate of approximately 2,115 million PDI shares to Robex shareholders, based on the Robex shares outstanding as at the date of this announcement,” Predictive Discovery said.

Under the AU$2.35 billion deal, Robex shareholders will receive 8.667 PDI shares for each Robex share.

Approximately 51 percent of the combined company will be held by PDI shareholders upon completion of the transaction, with the remaining 49 percent going to Robex shareholders. Moreover, the combined company will remain listed on the ASX and an application to list PDI’s ordinary shares on the TSX Venture Exchange will be made.

Both companies highlighted that their West African gold assets, namely PDI’s Bankan project and Robex’s Kiniero project, are situated within a 30 kilometer radius in Guinea. Bankan currently holds a mineral resource of 5.5 million ounces across four deposits, while Kiniero is aiming for its first gold production in late 2025.

The projects hold a resource of approximately 9.5 million ounces gold, including ore reserves at around 4.5 million ounces gold. By 2029, the projected combined production is over 400 kilo ounces per annum.

“(These are) two of West Africa’s largest and most advanced gold development projects,” said PDI CEO and Managing Director Andrew Pardey. “By combining them and leveraging (both companies’) proven track record, we are creating a company that positions Guinea to become one of Africa’s top five gold producers.”

Robex CEO and Managing Director Matthew Wilcox will assume responsibility as CEO and managing director of the combined company. “I am excited to lead a team that brings together deep operational experience, proven development expertise and a shared commitment to responsible growth in West Africa.”

Subject to customary conditions, the transaction is expected to close towards the end of 2025 or early 2026.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Investor Insight

With its flagship platform, virtualplant, already in commercial use across high-value industrial assets, and a growing global footprint through strategic partnerships, RemSense offers investors a unique opportunity to back a scalable, revenue-generating business at the forefront of digital transformation in the resource and infrastructure sectors.

Overview

RemSense Technologies Limited (ASX:REM) is an Australian technology company enabling digital transformation across resource-heavy industries through advanced asset visualisation and drone services. Originally established in 2006 as a developer of drone systems for the defence and industrial sectors, the company expanded into professional drone services in 2012.

In 2019, RemSense made a strategic expansion into high-resolution 3D asset capture and visualisation, culminating in the development of its flagship product, virtualplant. This strategic shift aligns with macro trends in digital transformation, particularly in asset-heavy industries like energy, resources, infrastructure and utilities. The company was listed on the Australian Securities Exchange in 2021.

RemSense is ideally positioned to leverage the growing adoption of digital twin technologies, particularly across mining, oil & gas, manufacturing, utilities, defence, marine and aerospace industries. These sectors are increasingly embracing digital tools to improve safety, reduce costs, and manage assets more efficiently, creating strong and expanding demand for RemSense’s solutions.

In the first half of FY25, RemSense reported $3.12 million in revenue, representing a 178 percent increase over the same period in FY24. The company also recorded its first-ever net profit of $796,892 and achieved positive operational cashflow of $365,539 – a turning point that demonstrates both commercial traction and disciplined financial execution.

Strategic partnerships with Chevron, Newmont Mining and Woodside Energy highlight RemSense’s growing reputation among Tier-1 clients and its ability to scale internationally. These engagements are not pilot programs, but are real, revenue-generating contracts that reinforce RemSense’s value proposition.

Company Highlights

  • Profitable Growth: Delivered $3.12 million in revenue in H1 FY25 – a 178 percent increase year-over-year
  • Tier-1 Client Base: Trusted by major global operators including Chevron, Newmont and Woodside Energy for digital twin and drone technology services.
  • Flagship Platform – virtualplant: A scalable, cutting edge digital twin solution providing real-time operational insights for industrial facilities and infrastructure.
  • Strong legacy drone operations: RPAS Services features CASA-certified pilots and a fleet of custom-engineered drones supporting multiple industrial applications.
  • Serving Critical Industries: Solutions deployed across energy, resources, utilities and infrastructure sectors undergoing rapid digital transformation.
  • Secured Landmark Shell Energy Contract – First major deal with Shell Energy, showcasing the power of its virtualplant platform and Sentient Computing’s 3D technologies. The project marks a key milestone in RemSense’s global expansion, delivering a transformative digital solution to enhance commissioning accuracy, efficiency, safety, and asset performance.

Key Products and Services

Virtual Plant

Virtualplant is RemSense’s flagship digital platform. It’s a high-resolution 3D asset visualisation solution that allows users to explore and interact with industrial facilities remotely, as if on site. By combining drone-based photogrammetry, terrestrial LiDAR, and 360-degree imaging, virtualplant creates immersive, detailed, interactive models of infrastructure such as gas plants, processing facilities and offshore vessels.

The platform supports a wide range of critical functions including remote inspection, maintenance planning, training, safety management, and compliance documentation. It reduces the need for site travel, improves asset visibility, and helps clients identify and address risks before they become costly failures.

Virtualplant is already deployed in high-value applications. In October 2023, Woodside Energy engaged RemSense to create a visual twin of one of its floating production storage and offloading (FPSO) vessels. In 2024, Chevron signed a series of global services agreement with RemSense to use the platform for photogrammetry scanning at gas plants in South Asia, Northwest Australia and USA, with a total contract value of more than AU$800,000. These projects reflect the platform’s global relevance and enterprise-grade capabilities.

Additional features enhance the platform’s utility:

  • vTag uses AI to automatically identify and tag equipment based on nameplate data, linking it to asset registers in systems like SAP and IBM Maximo.
  • vDetect automatically identifies physical defects such as corrosion, helping prioritise maintenance.
  • vConnect enables real-time integration with external monitoring and data platforms, creating a unified interface for visual and operational intelligence.

These capabilities make virtualplant more than a visualisation tool, as it becomes a central intelligence layer in clients’ asset ecosystems.

RPAS (Drone) Services

RemSense has a strong legacy in drone operations, with CASA-certified pilots and a fleet of custom-engineered drones equipped with high-end imaging and sensing tools. These drone services support asset inspections, geophysical and vegetation surveys, water sampling, environmental monitoring, traffic studies, and building condition assessments.

Drone data is often the first step in creating virtualplant models. This seamless integration of field data acquisition and platform-based analysis ensures RemSense delivers a complete, end-to-end digital solution for industrial clients.

Management Team

Ross Taylor – Non-executive Chairman

Ross Taylor chartered accountant with a global finance background having worked in London, Australia, New York and Tokyo. He has held senior roles at Deutsche Bank, Bankers Trust and Barclays Capital. His experience in international capital markets brings strong governance and financial oversight to RemSense’s board.

Warren Cook – Managing Director & CEO

With over 25 years of experience in technology development and commercialisation, Warren Cook has led projects in mining, energy and environmental sectors across more than a dozen countries, including Australia, US, Brazil, Canada, France, Indonesia, South Africa and the UK. He was the CEO of acQuire Technology Solutions, delivering information management software solutions for the resources industry.

John Clegg – Non-executive Director

John Clegg has been a chartered accountant since 1965 and has supported more than 50 companies through IPOs, restructures, and strategic growth initiatives. Following his 16-year tenure at Arthur Young & Co (now Ernst & Young), he shifted focus to startup ventures, offering directorship and consulting services. As a seasoned investor, director, consultant and mentor to senior executives, Clegg has left a significant mark on numerous ventures.

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Platinum is the third most traded precious metal in the world after gold and silver, and investment demand is growing.

It is also an industrial metal that is widely used in a variety of sectors. The four main uses of platinum are in catalytic converters for the automotive industry; as a material in jewelry; in industrial applications in various sectors including fertilizers, hard drives, electronics, and glass manufacturing; and in medical devices and pharmaceuticals.

The long-term outlook for platinum is strong, making the sector potentially compelling for investors. In September 2025, platinum prices surged above US$1,500 for the first time since July 2014, and crossed US$1,600 before the month closed.

Here’s a brief overview of platinum supply and demand dynamics, as well as a look at a few different ways to start investing in platinum, namely bullion, platinum stocks, exchange-traded funds (ETFs) and futures.

In this article

    What is platinum?

    Platinum is a silvery-white precious metal that is soft and ductile. It is highly prized for its durability and excellent catalytic properties, such as a high melting point, resistance to corrosion and simple acids, and ability to serve as a carbon monoxide oxidation catalyst. Platinum’s symbol on the periodic table of elements is Pt.

    Platinum is the most abundant and widely used of the platinum-group metals (PGMs), which also includes palladium, rhodium, iridium and other metals.

    Platinum is not typically mined on its own, but rather alongside palladium and other PGMs within nickel and copper ores or chromitite.

    Platinum demand trends

    Platinum’s diversity of applications helps to create a resilient market for this metal even in an economic downturn. The four biggest demand sectors for platinum are automotive at 39 percent, jewelry at 28 percent, industrial at 24 percent and investment at 9 percent.

    Total platinum demand for 2025 is expected to come in at 7.88 million ounces, down about 4 percent from the previous year’s demand, according to the World Platinum Investment Council (WPIC), which provides quarterly market overviews.

    ‘An upgrade to jewellery demand expectations and continued robust investment demand, driven by strength in bar and coin in China, are offset by slightly weaker automotive demand and a cyclical trough in glass demand within the industrial segment,’ the WPIC noted in its Q2 2025 report.

    Automotive

    In the automotive industry, both platinum and fellow PGM palladium are used in catalytic converters for vehicle exhaust systems. Due to their differing properties, platinum is preferred for diesel engines and palladium is the metal of choice for gasoline engines.

    In recent years, platinum has been increasingly substituted for palladium in gas-powered vehicles due to high prices for palladium seen in the early 2020s. Although the price disparity has decreased, analysts expect that the substitution trend will continue for some time.

    Demand from this sector is expected to decline by 3 percent year-on-year in 2025 to 3.03 million ounces as global auto sales and production are in decline, especially in Europe, according to the WPIC.

    Another important factor impacting this segment of the market is the growing market for electric vehicle (EVs), which do not require catalytic converters to control emissions. Although EV demand growth has been slower than anticipated, which has proven positive for platinum, EVs made up over 20 percent of global new car sales in 2024.

    The transition to electric and US tariffs affecting the industry are weighing on platinum demand from the auto sector, but the WPIC says this segment of the market is ‘proving resillient’ despite these downward forces.

    Industrial

    Demand from the industrial sector is expected to be the largest drag on overall platinum demand in 2025, with the WPIC predicting it will drop by 22 percent in 2025 to 1.49 million ounces. WPIC predicts that a cyclical slowdown in new capacity in glass manufacturing will cause a 74 percent year-over-year reduction in demand from this segment of the industrial sector, translating to a drop of 515,000 ounces.

    Jewelry

    Global jewelry consumption is projected to grow by 11 percent in 2025 to reach 2.23 million ounces. Regionally, demand growth is centered in China as platinum becomes a much more affordable option compared to gold. Chinese platinum jewelry fabrication is expected to grow by 42 percent in 2025.

    Investment

    Regarding investment demand for platinum, in 2025 WPIC expects a 2 percent jump over the previous year to 718,000 ounces of the metal. Specifically looking at platinum bars and coins, the WPIC is forecasting demand in this segment to grow by 45 percent year-on-year to a two-year high of 282,000 ounces.

    Hydrogen

    In recent years, the transition to a green economy and the growth of hydrogen technologies has created another growing market for platinum. The WPIC has noted that the hydrogen market, specifically proton exchange membrane electrolyzers and hydrogen fuel-cell electric vehicles, is expected to become ‘a meaningful component of global demand by 2030 and potentially the largest segment by 2040.’

    For now, the hydrogen sector represents less than 1 percent of total platinum demand, although it is expected to increase by 19 percent this year to 49,000 ounces.

    Platinum supply trends

    The 22 percent decline year-over-year in platinum demand has not alleviated the ongoing supply-demand imbalance. The platinum market is destined to remain in a supply deficit for a third-straight year in 2025, according to WPIC estimates, with a shortfall of 850,000 ounces of the metal.

    Analysts are forecasting total platinum supply of 7.03 million ounces in 2025, a net decrease of 3 percent year-over-year.

    Recycled platinum supply is anticipated to reach 1.6 million ounces in 2025, a 6 percent jump year-over-year, as higher platinum prices incentivizing recycling of the metal.

    On the other hand, mined platinum supply is expected to fall 6 percent to 5.43 million ounces in 2025, which the WPIC attributed to lower production out of South Africa, Zimbabwe and North America.

    South Africa is by far the largest platinum country in terms of mined platinum and reserves, according to the US Geological Survey data, accounting for about 67 percent of global output. The country’s Bushveld Complex is the largest PGM resource in the world. However, ongoing electricity shortages and transport line disruptions have restrained platinum mine output from the country in recent years.

    How to invest in platinum

    Investors who believe the above market dynamics will eventually result in a higher platinum price may be interested in investing in the metal. There are several ways to invest in platinum, from platinum mining stocks and platinum ETFs to physical bars and coins and platinum futures.

    Platinum stocks

    One way to invest in platinum is to own shares of a platinum-mining company. Depending on your risk tolerance, both major platinum miners, junior exploration companies offer an easy entry point.

    Major platinum mining stocks

    Eastern Platinum (TSX:ELR,OTC Pink:ELRFF)
    Eastern Platinum, or Eastplats, has a number of directly and indirectly owned PGM assets in the Bushveld Complex of South Africa. In addition to its ongoing work recovering chrome from historical tailings at the Crocodile River mine, Eastplats is ramping up production of PGM and chrome concentrates at Crocodile River’s new Zandfontein underground mine last year.

    Impala Platinum Holdings (OTCQX:IMPUF,JSE:IMP)
    Impala Platinum, or Implats, is one of the most prominent platinum producers in the world. The company has majority ownership or joint ventures in four PGM mining operations and a refining facility in South Africa’s Bushveld Complex, two PGM mining operations in Zimbabwe and the Lac des Iles PGM mine in Ontario, Canada.

    Sibanye Stillwater (NYSE:SBSW)
    Sibanye Stillwater has a diverse metals mining portfolio and is one of the world’s largest primary platinum and palladium producers. It also adopted a circular economy business model that includes platinum recycling. The company has numerous PGM operations in South Africa and the United States. Its US Stillwater and East Boulder operations are in Montana’s Stillwater Complex, the country’s largest source of PGMs.

    Tharisa (LSE:THS,JSE:THA,OTC Pink:TIHRF)
    Tharisa is a vertically integrated PGM company, and through its subsidiaries its operations span from exploration through to production, beneficiation and distribution. Tharisa’s PGM assets include the Tharisa platinum-chrome mine in South Africa’s Bushveld Complex and the Karo platinum mine in Zimbabwe, which is now under construction.

    Valterra Platinum (LSE:VALT,JSE:VAL,OTC Pink:ANGPY)
    Valterra Platinum, formerly Amplats, is a leading primary producer of PGMs, supplying mined and recycled platinum products. The company was demerged from Anglo American (LSE:AAL,OTC Pink:AAUKF) in 2025. The company operates the Mogalakwena mine, Amandelbult complex and Mototolo mine in South Africa’s Bushveld Complex.

    Junior mining stocks

    Bravo Mining (TSXV:BRVO,OTCQX:BRVMF)
    Bravo Mining is advancing its wholly owned Luanga PGM-gold-nickel project in the Carajás Mineral Province of Brazil. The project’s 2025 mineral resource estimate shows measured and indicated resources of 10.4 million ounces of palladium equivalent at 2.04 grams per metric ton (g/t).

    Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF)
    Canada Nickel Company is advancing its wholly owned flagship Crawford nickel-cobalt sulfide project located in the Timmins-Cochrane mining camp of Ontario, Canada. The project also hosts significant platinum and palladium mineralized zones.

    Canada North Resources (TSXV:CNRI,OTCQX:CNRSF)
    Canada North Resources wholly owns the late-stage Ferguson Lake exploration project in the Kivalliq Region of Nunavut, Canada. The polymetallic project hosts base metals nickel, copper and cobalt as well as PGMs, including 630,000 ounces of platinum and 3.53 million ounces of palladium in the indicated category.

    Chalice Mining (ASX:CHN)
    Chalice Mining owns the Gonneville project in Western Australia. The project hosts a mix of metals, including palladium, platinum, nickel, cobalt and copper. The Western Australia government has designated Gonneville a Strategic Project in recognition of the project’s importance for the country’s critical metals industry, and Chalice expects to complete its pre-feasibility study in Q4 2025.

    Clean Air Metals (TSXV:AIR,OTCQB:CLRMF)
    Clean Air Metals is focused on its wholly owned exploration-stage Thunder Bay North critical minerals project in the Thunder Bay region of Ontario, Canada. The project hosts platinum, palladium, copper and niobium mineralization, with an indicated resource of 1.2 million ounces of combined platinum and palladium.

    Lifezone Metals (NYSE:LZM)
    Lifezone Metals has developed a hydrometallurgical processing technology, which it calls Hydromet Technology, as a cleaner alternative to smelting for base and precious metals refining. The company has a joint venture partnership agreement with Glencore (LSE:GLEN); Lifezone will use its Hydromet Technology to recycle platinum, palladium and rhodium in the Un, and Glencore will act as the offtaker and marketer. Lifezone also owns the Kabanga nickel-copper-cobalt project in Tanzania.

    Platinum Group Metals (TSX:PTM,NYSE:PLG)
    Platinum Group Metals is working to bring into production its advanced-stage Waterberg PGM deposit in South Africa’s Bushveld Complex. First discovered by the company, the project is now a joint venture with key partners that include Implats at 14.86 percent. Platinum Group retains a 50.16 percent position in Waterberg and will be the majority operator.

    Ramp Metals (TSXV:RAMP)
    Ramp Metals owns the Rottenstone SW and PLD projects in Saskatchewan, Canada. Rottenstone is situated adjacent to a northeast-southwest geological formation connected to the historic Rottenstone mine, which produced nickel, PGMs and gold, although Ramp is currently focused on gold and copper at the site.

    Platinum bars and coins

    Another investment option is the direct purchase of physical platinum bars or platinum coins through a bullion dealer.

    One example is BullionVault’s online physical platinum market, which is supported by the WPIC, and gives private individuals access to vaulted platinum for the same prices currently paid by institutional investors. The market is open 24 hours a day, seven days a week.

    Investors in the United States can also now buy 1 ounce platinum bars and coins at Costco, an option you can learn more about here.

    For more information on how to invest in precious metals coins and bullion, check out our guide on buying physical gold, as much of the advice also applies to physical platinum investing.

    Platinum ETFs

    Those interested in platinum can also gain exposure via platinum ETFs and platinum exchange-traded notes (ETNs). Here are a few to get you started.

    iShares MSCI Global Metals & Mining Producers ETF (NYSE:PICK)
    The iShares MSCI Global Metals & Mining Producers ETF provides investors with access to the global mining industry through an international basket of companies engaged in the extraction and production of metals, including platinum. Its holdings include platinum mining companies Valterra Platinum, Implats and Sibanye Stillwater. It has the lowest expense ratio on this list at 0.39 percent.

    Aberdeen Physical Platinum Shares ETF Trust (ARCA:PPLT)
    The Aberdeen Physical Platinum Shares ETF is designed to reflect the performance of the price of physical platinum less the trust’s expenses and holds platinum bars in a secure vault. It has an expense ratio of 0.6 percent.

    Sprott Physical Platinum and Palladium Trust Unit (ARCA:SPPP)
    The Sprott Physical Platinum and Palladium Trust is another option that provides access to the physical platinum bullion market while allowing the flexibility of an exchange-traded security. It has the highest expense ratio on this list at 0.98 percent.

    GraniteShares Platinum Shares (ARCA:PLTM)
    The GraniteShares Platinum Trust tracks the spot price of platinum less trust expenses, and holds a physical portfolio of platinum ingots kept in a vault in London, UK. It has an expense ratio of 0.5 percent.

    Global X Physical Platinum Structured (ASX:ETPMPT)
    Global X Physical Platinum is an ASX-listed platinum ETF that provides Australian investors access to platinum held in JP Morgan storage facilities. It has a management fee of 0.49 percent.

    Platinum futures

    Another option for those looking to invest in platinum is platinum futures, a derivative instrument tied directly to the price of the actual metal. Futures are a financial contract between an investor and a seller. The investor agrees to purchase an asset from the seller at an agreed-upon price based on a date set in the future.

    Rather than intending to take possession of the material asset, investors speculating in the futures market are instead making bets on whether the price of a particular commodity will rise or fall in the near future.

    For example, if you buy a platinum futures contract believing the price of metal is set to rise, and your prediction proves correct, you could gain a return on your investment by selling the now more valuable futures contract before it expires. However, be advised that trading futures contracts is not for the novice investor.

    Platinum futures are available for trade on the New York Mercantile Exchange (NYMEX), which is part of the CME Group. For more information on precious metals futures investing, see our guides to gold futures and silver futures.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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    Gold marked a new price milestone on Wednesday (October 8), breaking US$4,000 per ounce.

    The spot price hit a fresh record, rising as high as US$4,056.14 in midday trading. Future prices for gold breached US$4,000 for the first time on Tuesday (October 7) and have continued to climb higher.

    The yellow metal’s rise follows a summer of consolidation. After several months of relatively flat trading, the price began pushing higher toward the end of August, quickly reaching US$3,500 and continuing on up.

    Gold futures are up about 12 percent in the last month, and just over 54 percent year-to-date.

    Gold price, October 1 to October 8, 2025.

    Gold’s latest rise began last week, after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year, triggering a government shutdown. The closure has now lasted a week, with a key sticking point between Democrats and Republicans being an extension to billions of dollars in subsidies for Obamacare.

    US President Donald Trump said Monday (October 6) that negotiations were taking place with Democrats and ‘could lead to very good things’ in terms of healthcare. However, Senator Chuck Schumer and Representative Hakeem Jeffries, Congress’ two Democrat leaders, said no talks were happening and that the White House ‘has gone radio silent.’

    Various issues are emerging as the shutdown progresses, with one of the most recent being the Trump administration’s suggestion that furloughed federal workers may not receive backpay.

    Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

    Those elements have many experts predicting a rise well beyond US$4,000 for the precious metal, likely before the end of the year, although a correction is widely expected beforehand.

    Gold’s sister metal silver is also surging higher this week, despite a pullback in the the price on Tuesday.

    Silver price, October 1 to October 8, 2025.

    The white metal rose as high as US$48.74 per ounce on Monday, but retreated on Tuesday to the US$47.80 level. On Wednesday, silver followed gold higher to US$49.42 by midday.

    Silver was last at these price points in 2011, and is close to its 1980 all-time high.

    As with gold, experts see a silver correction as natural given its rapid ascent, but think the rally is far from over.

    ‘The idea that this bull market is over is a fallacy. I would exercise caution, because I believe we’re due a correction. But I’m very happy with silver’s performance so far year-to-date,’ said analyst Ted Butler.

    Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

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    Major miner BHP (ASX:BHP,NYSE:BHP,LSE:BHP) welcomed October with the news that it will invest over AU$840 million in its Olympic Dam copper operation in South Australia.

    In an October 1 release, the commodities giant said that the funding is for a series of “growth-enabling projects” at the site, focused on strengthening underground mining productivity.

    The company outlines several priority projects it intends to pursue at Olympic Dam, namely the construction of an underground access tunnel, a new backfill system, expansion of ore pass capacity and the installation of a new oxygen plant to improve smelter performance and support increased copper-processing capability.

    “We expect to grow our copper base from 1.7 million tonnes to around 2.5 million tonnes per annum,” shared BHP COO Edgar Baston. “Achieving that scale requires significant copper growth, and we are fortunate to have a world-class copper province right here in South Australia to do just that.” According to Baston, BHP’s South Australian copper province has been delivering over 300,000 tonnes a year for the past three years.

    Copper demand set to rise

    In a global trade update shared in May, UN Trade & Development notes that global demand for copper is expected to grow by over 40 percent by 2040. This projected demand increase will drive supply requirements, with the organisation citing the need for around 80 new mines and US$250 billion in investment by 2030 to keep up.

    For its part, BHP notes that global copper demand is projected to grow 70 percent by 2050 due to population growth, rising living standards and the energy transition. It adds that this poses a general opportunity for South Australia, underlining that it holds about two-thirds of Australia’s copper resources.

    History of Olympic Dam

    Olympic Dam was acquired by BHP in 2005 through its acquisition of Western Mining. It has become a cornerstone of BHP’s copper portfolio, with copper accounting for around 70 percent of the asset’s total revenue.

    In its 2025 fiscal year, BHP reported a production of over 2 million tonnes of copper for the first time.

    Don Farrell, Australian minister for trade and tourism, commented on the company’s investment in Olympic Dam, noting, ‘Australia is at the forefront of the energy transition in which copper is a vital resource and by securing the continued flow of copper from Olympic Dam, BHP is ensuring South Australia’s position as a key global supplier.”

    BHP October updates

    Also in early October, BHP iron ore cargoes were banned by Chinese iron ore buyer China Mineral Resources Group. The move reportedly stems from pricing disputes and has raised concerns for Australia.

    Australia remains China’s top provider of iron ore, and BHP continues to be among the country’s major iron ore exporters, alongside Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Fortescue (ASX:FMG,OTCQX:FSUMF).

    BHP has not commented on the matter as of writing.

    On a positive note, BHP launched the fourth edition of its Xplor Critical Minerals Accelerator Program.

    As in previous cohorts, Xplor 2026 participants can receive up to US$500,000 in equity-free funding, mentorship and access to BHP’s global network of suppliers and service providers.

    Submissions close on October 15 at 11:59 p.m. AEST.

    Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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