METALS AND MINING
Syrah Resources (ASX: SYR) resolved the alleged default under its Tesla offtake agreement, with Tesla accepting that Syrah is producing conforming active anode material (AAM) samples from its Vidalia facility and has made sufficient progress to cure the alleged default. Tesla has withdrawn its intent to terminate the offtake agreement, while Syrah continues to progress through advanced stages of qualification testing approvals for Vidalia AAM.
Locksley Resources (ASX: LKY) reported assay results from its maiden diamond drilling program at the El Campo Rare Earth Element prospect, confirming the presence of high-grade NdPr-enriched light rare earth mineralisation within the Company’s Mojave Project in California, USA. The maiden drilling program returned significant total REE oxide (TREO) intercepts, including: peak value of 6.03% TREO over 0.7m, 7.20m @ 2.93% TREO, including 3.75 metres at 4.45% TREO and 0.90m @ 1.09% TREO.
London-based equity long/short hedge fund manager Helikon Investments lifted its stake in gold producer West African Resources (ASX: WAF) to 11.2%, with ~A$38m purchased across 11 trades in mid-late May. WAF continues to advance towards targeted +500,000 oz pa gold production from 2027 at its Sanbrado and Kiaka operations.
Desert Metals (ASX: DM1) acquired 100% of the Agboville gold-lithium permits in Côte d’Ivoire, adding 598km² to its Adzopé Project and expanding the total project area to approximately 826km². The acquisition is being completed through the issue of DM1 shares valued at ~A$145,000 with no cash consideration and replaces an earlier earn-in joint venture arrangement. The Agboville permits sit within a highly prospective Birimian greenstone belt and are located just 20km from DM1’s Adzopé Project, where drilling at the King Kong prospect previously returned 17m at 7.5g/t gold.
Many Peaks Minerals (ASX: MPK) completed surface GAIP field surveys at the Odienné Gold Project in Cote d’Ivoire and commencement of two additional drill rigs at Odienné and the Ferké Gold Project, where more than 60,000m of drilling has been budgeted across the Company’s projects in Côte d’Ivoire through CY 2026. Covered by mining.com.au & Small Caps.
Raptor Metals (ASX: RAP) completed a geophysical exploration program at its Chester Copper Project in New Brunswick, Canada, following recent drilling that confirmed a stacked, copper-rich VMS system and demonstrated mineralisation extends beyond the existing resource footprint. The program integrated reinterpreted historic VTEM data with borehole electromagnetic surveys, enhancing the Company's geological understanding of the project and generating priority targets for future drilling. Covered by The West Australian.
Strata Minerals (ASX: SMX) received final assay results from the completed Phase 2 reverse circulation drilling campaign at the Zelica Gold Project, with 16 out of the 17 extensional holes drilled returning significant gold mineralisation. Covered by Stockhead & Kalkine.
Middle Island Resources (ASX: MDI) has received assay results from the first nine reverse circulation drill holes completed as part of its Phase 2 drilling program at the Bobija Mine area in Serbia. Significant mineralised intersections were returned across all drill sections, extending mineralisation beyond the boundaries of previously defined zones. The results provide further support for the Company’s geological model, which indicates the presence of a large, broadly continuous sub-horizontal layer of precious and base metal mineralisation extending across the entire Bobija mine area. Covered by Mining.com.au.
Magmatic Resources (ASX: MAG) commenced reverse circulation (RC) drilling as part of its Phase 3 program at the Weebo Gold Project in Western Australia. The 1,745m RC program has been designed to advance bedrock targets across several prospects at Weebo. Magamatic recently commenced a 5,000m aircore campaign at Weebo to kick-off the Phase 3 program. Covered by Australian Resources & Investment and Mining.com.au.
WA Gold (ASX: WAU) identified multiple high-priority gold drill targets at its 100%-owned Bullabulling Project in Western Australia, with drilling set to commence this month and additional Programmes of Work submitted for up to 10,000m of drilling. A detailed geophysical review has highlighted the northern extension of the Bullabulling Shear Zone from Minerals 260’s 4.5Moz Bullabulling Gold Mine into WA Gold’s ground, while previous drilling has already confirmed near-surface high-grade gold including 2m @ 18.1g/t Au, 12m @ 2.3g/t Au and 4m @ 10.12g/t Au. Covered by Stockhead.
Burley Minerals (ASX: BUR) will commence a Heritage Survey this month at the North and Step-Out Targets of the Cane Bore Iron Project in WA. The survey will cover the approved Programme of Work reverse circulation drilling at the North and Step-Out Targets.
Western Ridge Resources (ASX: WRX) confirmed its maiden drilling campaign at the Keystone Project in Nevada, USA is set to commence in early September, with Midnight Sun Drilling contracted to complete the first drilling at Keystone in more than 80 years. The 19-hole RC program, comprising approximately 1,380 metres of drilling, will test high-priority targets generated through geological mapping, historical data compilation and field reconnaissance, targeting extensions to the historic high-grade Keystone Mine. Covered by Australian Resources and Investment.
Turnstone Resources (ASX: TSR) exercised its option to acquire the Glava 100 copper-gold permit in Sweden, marking another step in the Company’s transition towards critical minerals exploration. The acquisition expands Turnstone’s Swedish portfolio to seven licences across the Glava-Klinten and Torsby West project areas, covering approximately 100km² within a prospective copper-gold belt.
Atomic Eagle (ASX: AEU) commenced trading on OTCQX under the ticker AEUXF, strengthening access to U.S. institutional capital and specialist uranium investors. The company will continue to trade on the ASX under the code AEU. Atomic CEO Phil Hoskins was interviewed by Mining Stock Education's Bill Powers. Hear the two discuss the current program underway at the Muntanga Uranium Project in Zambia and recent drilling expanding the high-grade zone at the Chisebuka target, AEU entering into a binding option agreement to acquire 100% of the large-scale Sitwe Uranium Project in Zambia, and progress of discussions regarding the Madaouela Project in Niger, plus more.
ENERGY
Hazer Group (ASX: HZR) secured a new patent from Japan's Patent Office, expanding protection for the Hazer Process in one of its most strategic markets. With active projects with Chubu Electric, Chiyoda Corporation, and a graphite partnership with Mitsui, the grant strengthens Hazer's IP position as it advances commercial opportunities in Japan.
RENEWABLE ENERGY
Frontier Energy (ASX: FHE) received firm commitments from tier one, long only institutional investors and other professional and sophisticated investors to raise $110 million (before costs) under a conditional placement of 550 million new fully paid ordinary shares at a price of $0.20 per New Share. The equity raising is a pivotal achievement for Frontier as it paves the way for its Stage One Senior Debt Finance to progress towards binding credit approval and then to financial close. Read the company’s latest investor presentation here.
TECHNOLOGY
Swift TV (ASX: STV) secured Google certification for its enterprise accommodation platform, strengthening competitive positioning and supporting ongoing commercial deployments across mining, aged care and hospitality customers. Covered by TechInvest.
BIOTECH
Chimeric Therapeutics (ASX: CHM) reported positive Phase 1/2 data for CHM CDH17 at ASCO, with 82% of evaluable patients achieving stable disease, including one patient maintaining disease control for more than 15 months and another for 12 months. The Company said CHM CDH17 expanded and persisted in the peripheral blood of all treated patients, demonstrating evidence of disease control in heavily pre-treated metastatic gastrointestinal cancer patients. Dose Level 3 enrolment is ongoing, with a recommended Phase 2 dose expected to follow. Covered by AusBiotech.
ReNerve (ASX: RNV) executed an exclusive three-year distribution agreement with Hong Kong-based medical device distributor Swedish Trading Company (STC) to commercialise its NervAlign® products across Hong Kong, Macau and the Greater Bay Area. The agreement expands ReNerve’s addressable market to approximately 88 million people and follows recent regulatory approvals across the region. STC will manage importation, marketing, sales and distribution, with initial stocking orders already being shipped.
Firebrick Pharma (ASX: FRE) announced its patent covering the unique formulation of Nasodine® Nasal Spray has been granted in New Zealand. The patent is titled: “Improved Virucidal Formulations” and expires in June 2041. The patent was previously granted in Australia and South Africa and has been filed and is pending in the USA, Europe, Canada, Brazil, Israel, Mexico, Philippines, Singapore and Hong Kong.
PainChek (ASX: PCK) secured its first initial commercial contracts within the Sabra group, from the ‘Traditions’ memory care homes in the US, under the Master Services Agreement announced on 14 April 2026. The two contracts are both three-year deployments targeted for use in the skilled nursing sector where there are high levels of people living with dementia.
CORPORATE NEWS
Bioxyne (ASX: BXN) appointed Edward Myer as an independent Non-Executive Director. Ed brings more than a decade of board and governance experience, including involvement with family office investment structures and private company boards. His board experience spans investment oversight, capital allocation, shareholder alignment and working closely with management teams to support businesses through periods of growth, change and strategic development.
Paradigm Biopharmaceuticals (ASX: PAR) successfully completed its Share Purchase Plan, originally announced to the market in April. The SPP received strong support from eligible shareholders, with applications received totalling approximately $7.375 million, significantly exceeding the original target raise of $2.0 million.
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